H&M Store on Chestnut Street in Philadelphia, PA, Closing

The retail woes in Philadelphia continue as another big retailer has announced they are closing a two-story store in Center City.

Too dangerous for hoagies and coffee

Within the past few days, Wawa made headlines when they announced that they would be shutting down a pair of locations over, "continued safety and security challenges and business factors," according to a statement. Those stores are located on Market Street, one at 12th and the other at 19th Street.

Pharmacies closing

Prior to that news, Rite Aid at 23rd and Walnut closed for good just as the calendar changed from July to August.

Get our free mobile app

And that wasn't the only pharmacy to shut down -- Walgreens at Broad and Chestnut, adjacent to City Hall, ended its decade-long run earlier this year.

The now-closed Walgreens store at Broad and Chestnut in Philadelphia PA - Photo: Google Maps

Restaurants are strugging

Of course, countless restaurants across the city have faded into history. One of the biggest was Joe's Steaks + Soda Shop on Torresdale Avenue, which closed after seven decades.

Joe's Steaks on Torresdale Ave. in Philadelphia PA - Photo: Google Maps

Now adding to the retail misery

Now comes word that a national clothing chain is closing another one of its stores in Center City.

According to The Philadelphia Inquirer, H&M will be further shrinking its Center City footprint by closing its store at 1530 Chestnut Street sometime next year.

H&M at 1530 Chestnut Street in Philadelphia PA will be closing early next year - Photo: Google Maps

Company officials would not confirm an actual date, but employees told the publication the store would close on January 4th.

While physical stores will always remain important to us and something we continue to invest in, having the right stores in the right locations is vital to ensure our long-term and sustainable growth.

About two years ago, H&M closed its store on Walnut Street.

The brokers for the storefront say they are actively looking for a new tenant and are trying to lure a business that focuses on food and entertainment to the space.

RAD! Deptford Mall Stores We Totally Shopped in the 80s

No one in the 1980s hung out at the Deptford Mall in Gloucester County to kill time. Shopping its Merry Go Round, DEB, Sam Goody, and more was our idea of fun! Check out a list of totally awesome stores and restaurants we had to hit.