Topps Tiles has announced plans to close 23 underperforming stores across the UK as part of a cost-cutting strategy aimed at improving profitability.

Amazon announced on Tuesday that it is closing all of its "Fresh" markets in the UK as part of a strategy to realign its global grocery retail focus with its Whole Foods chain.

Five years after JCPenney filed for bankruptcy, 119 of its store properties have been sold to a Boston-based private equity firm for $947 million, according to a July 25 announcement by Copper Property CTL Pass Through Trust.