THOUSANDS OF RETAIL STORES CLOSING!!! Double digit unemployment heading our way??? Unbelievable!!!
Floe
2009/03/31 15:28:25
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Gottschalks
Announced: March 31, 2009
Retailer Gottschalks announced Jan. 14 that it had put itself up for sale and filed to reorganize in a Chapter 11 bankruptcy. But as of the end of March, it had not found a buyer and announced it will liquidate its 58 department stores and three specialty clothing stores in California, Washington, Alaska, Oregon, Nevada and Idaho.
Pier 1 Imports
Announced: March 20, 2009
The home decorating store announced that it expects to close no more than 80 stores over the next fiscal year.
Starbucks
Announced: Jan. 28, 2009
After years of ambitious expansion, coffee retailer Starbucks announced in July 2008 that it would close 600 U.S. stores, most of which were opened only in the last two years. On Jan. 28, Starbucks said that it would close an additional 300 stores.
Ann Taylor
Announced: March 6, 2009
Retailer Ann Taylor said it would now close a total of 163 stores by the end of fiscal 2010. Previously, it said it would close 117 stores.
Macy's
Announced: Jan. 8, 2009
On Jan. 8, after one of the worst holiday seasons in decades, Macy's announced it will close 11 stores. The department store operator, which runs more than 810 Macy's stores and also operates the Bloomingdale's chain, had reported a $30 million loss in the first nine months of 2008, with sales dropping 4.3 percent.
Sears
Announced: Feb. 26, 2009
Sears is closing 24 more retail locations, reports Reuters. This is in addition to the 28 stores which closed during 2008. The new closures include stores in Florida, Ohio and Indiana.
Home Depot's Expo Design Centers
Announced: Jan. 26, 2009
Home Depot announced Jan. 26 it plans to close all 34 of its Expo Design Centers.
Zales
Announced: Feb. 25, 2009
Struggling jewelry retailer Zales announced Feb. 25 the closure of 115 stores in a drastic cost-reduction plan. The company also announced that revenue dropped nearly 18 percent in the second quarter.
Circuit City
Announced: Jan. 16, 2009
Circuit City, the second-biggest U.S. electronics retailer reached an agreement with liquidators Jan. 16 to sell the merchandise in its remaining stores. The company filed for bankruptcy protection in November.
American Greetings
Announced: Jan. 22, 2009
American Greetings Corp. is closing 60 stores nationwide -- 14 percent of the company's 415 locations. All were scheduled to close by February 28.
Ruby Tuesday
Announced: Late Dec.
Ruby Tuesday Inc. announced that it plans to close about 70 corporate-owned locations nationwide over the next several years, resulting in restructuring and other charges of $40 million to $55 million over the next two quarters.
Sportsman's Warehouse
Announced: March 12, 2009
Outdoor retailer Sportsman's Warehouse, which sells gear for hunting, camping, fishing and other outdoor activities in 29 states, said that it would close 23 stores and sell another 15 as sales tumble.
Bulgari
Announced: March 11, 2009
Italian jeweler Bulgari SpA said its 2008 profit fell 45 percent and said that it would shutter an undetermined number of under-performing stores.
Iridesse
Announced: March 11, 2009
Luxury jeweler Tiffany & Co. said it plans to close its unprofitable Iridesse pearl jewelry chain, partly because of a tough economy that has hindered demand for jewelry. There are 16 Iridesse locations nationwide, located mostly on the East and West coasts.
Fortunoff
Announced: Feb. 4, 2009
Fortunoff Fine Jewelry & Silverware closed the doors at its 57th Street and Fifth Avenue flagship location, Feb. 4. The company is in talks to liquidate its inventory.
Phillips-Van Heusen
Announced: Jan. 21, 2009
In an effort to slash costs, Phillips-Van Heusen, the parent company of Calvin Klein, Izod and Van Heusen clothing brands, said Jan. 21 that it would close 175 stores, reduce its warehouse capacity and cut travel, marketing and administrative expenses. The restructuring is expected to save the company about $40 million per year before taxes.
Yankee Candle
Announced: Jan. 21, 2009
Yankee Candle announced Jan. 21 it will close 28 Illuminations retail stores, which are located primarily on the West Coast, as well one Yankee Candle store.
Virgin Megastore
Announced: Jan. 15, 2009
All Virgin Megastores in the U.S. are set to close up shop by summer.
Supervalu's Cub Foods
Announced: Jan. 14, 2009
Supervalu announced Jan. 14 it will begin closing 50 grocery stores from various chains it owns, including Cub Foods, Albertsons, Shop 'n Save, Shaw's Star and others.
Goody's Family Clothing
Announced: Jan. 14, 2009
Tennessee-based Goody's, which just emerged from bankruptcy protection in October, announced Jan. 14 that it was again filing for Chapter 11 bankruptcy protection. The company also said that it would liquidate its remaining 282 stores.
Sweetbay Supermarkets
Announced: Feb. 16, 2009
Tampa-based Sweetbay Supermarkets will close seven underperforming grocery stores.
World Market
Announced: Jan. 13, 2009
Cost Plus, Inc. plans to close 26 of its World Market stores and exit eight markets.
Oneida
Announced: Jan. 8, 2009
Oneida Ltd., the flatware and dinnerware manufacturer based in Oneida, said it will close its 20 outlet stores in North America.
S&K; Famous Brands
Announced: March 23, 2009
Less than a month after the Feb. 9 Chapter 11 bankruptcy filing, Richmond, Va.-based S&K; Famous Brands Inc. and Hilco Merchant Resources LLC have started liquidating the merchandise at 22 percent of its 136 stores. 30 stores in the chain will shut their doors as part of the parent company’s Chapter 11 reorganization bankruptcy.
Famous Footwear
Announced: Jan. 21, 2009
Reuters says Brown Shoe Co. plans to close 30 to 35 of its Famous Footwear stores this year.
Claire's
Announced: Feb. 15, 2009
The retailer of jewelry and fashion accessories for girls, is closing 119 stores.
Kira Plastinina
Announced: Jan. 12, 2009
Kira Plastinina filed for bankruptcy protection within the first days of 2009. The Russian-based teenage designer, who just broke into the US market mid-2008, reportedly owes creditors over $54 million and will close all 12 U.S. stores.
Whole Foods & Wild Oats
Announced: March 6, 2009
Whole Foods is selling 13 of its stores as part of a settlement with the FTC. The stores include 12 Wild Oats stores and one Whole Foods store.
Bealls
Announced: Feb. 19, 2009
Bealls is closing 12 outlet stores out of over 500 total stores, reports the 'Bradenton Herald.' The stores will close in Florida, Georgia, and Arizona.
Gap, Inc.
Announced: Feb. 26, 2009
Gap, Inc. plans to close about 100 stores while opening 50 new stores in 2009.
Canadian Sam's Club Stores
Announced: Feb. 26, 2009
Bloomberg reports that Wal-Mart is going to close all six of its Sam's Club stores in Canada. Wal-Mart says the stores failed to meet sales expectations. 1,200 jobs will be cut as a result.
Bassett Furniture
Announced: Feb. 12, 2009
The furniture store announced it plans to close another eight to ten licensed stores in 2009.
Z Gallerie
Announced: Feb. 20, 2009
The home decor retailer is closing 25 of its 77 locations.
Jimmy'z
Announced: Feb. 23, 2009
Aeropostale Inc. is closing its 11 Jimmy'Z concept stores, reports the 'Wall Street Journal.'
Bruno's
Announced: Feb. 18, 2009
The grocery store chain in Alabama and the Florida Panhandle is closing four Bruno's stores and six Food World stores.
Filene's Basement
Announced: Jan. 21, 2009
Discount retailer Filene's Basement is going to be closing a third of its 36 stores reports 'The Boston Globe.'
New York & Company
Announced: Jan. 8, 2009
Specialty apparel retailer New York & Co. said today it will cut 310 mostly managerial positions and close up to 50 stores over the next five years in an effort to counter declining consumer spending.
Chico's
Announced: Jan. 29, 2009
Clothing company Chico's said it is eliminating 180 positions and may close up to 25 stores to cope with the economy's toll on retailers.
Snyders Drug Stores
Announced: Feb. 5, 2009
The Snyders Drug Store chain is closing 19 of 47 company-owned stores amid the challenging economic environment.
Better Bedding
Announced: March 3, 2009
Better Bedding Shops Inc. has filed for Chapter 11 bankruptcy and closed 11 of its 21 stores in Connecticut and Massachusetts.
Retail Stores Closing Doors - WalletPop
THIS IS THE BEGINNING THERE IS MORE TO COME!!!
Announced: March 31, 2009
Retailer Gottschalks announced Jan. 14 that it had put itself up for sale and filed to reorganize in a Chapter 11 bankruptcy. But as of the end of March, it had not found a buyer and announced it will liquidate its 58 department stores and three specialty clothing stores in California, Washington, Alaska, Oregon, Nevada and Idaho.
Pier 1 Imports
Announced: March 20, 2009
The home decorating store announced that it expects to close no more than 80 stores over the next fiscal year.
Starbucks
Announced: Jan. 28, 2009
After years of ambitious expansion, coffee retailer Starbucks announced in July 2008 that it would close 600 U.S. stores, most of which were opened only in the last two years. On Jan. 28, Starbucks said that it would close an additional 300 stores.
Ann Taylor
Announced: March 6, 2009
Retailer Ann Taylor said it would now close a total of 163 stores by the end of fiscal 2010. Previously, it said it would close 117 stores.
Macy's
Announced: Jan. 8, 2009
On Jan. 8, after one of the worst holiday seasons in decades, Macy's announced it will close 11 stores. The department store operator, which runs more than 810 Macy's stores and also operates the Bloomingdale's chain, had reported a $30 million loss in the first nine months of 2008, with sales dropping 4.3 percent.
Sears
Announced: Feb. 26, 2009
Sears is closing 24 more retail locations, reports Reuters. This is in addition to the 28 stores which closed during 2008. The new closures include stores in Florida, Ohio and Indiana.
Home Depot's Expo Design Centers
Announced: Jan. 26, 2009
Home Depot announced Jan. 26 it plans to close all 34 of its Expo Design Centers.
Zales
Announced: Feb. 25, 2009
Struggling jewelry retailer Zales announced Feb. 25 the closure of 115 stores in a drastic cost-reduction plan. The company also announced that revenue dropped nearly 18 percent in the second quarter.
Circuit City
Announced: Jan. 16, 2009
Circuit City, the second-biggest U.S. electronics retailer reached an agreement with liquidators Jan. 16 to sell the merchandise in its remaining stores. The company filed for bankruptcy protection in November.
American Greetings
Announced: Jan. 22, 2009
American Greetings Corp. is closing 60 stores nationwide -- 14 percent of the company's 415 locations. All were scheduled to close by February 28.
Ruby Tuesday
Announced: Late Dec.
Ruby Tuesday Inc. announced that it plans to close about 70 corporate-owned locations nationwide over the next several years, resulting in restructuring and other charges of $40 million to $55 million over the next two quarters.
Sportsman's Warehouse
Announced: March 12, 2009
Outdoor retailer Sportsman's Warehouse, which sells gear for hunting, camping, fishing and other outdoor activities in 29 states, said that it would close 23 stores and sell another 15 as sales tumble.
Bulgari
Announced: March 11, 2009
Italian jeweler Bulgari SpA said its 2008 profit fell 45 percent and said that it would shutter an undetermined number of under-performing stores.
Iridesse
Announced: March 11, 2009
Luxury jeweler Tiffany & Co. said it plans to close its unprofitable Iridesse pearl jewelry chain, partly because of a tough economy that has hindered demand for jewelry. There are 16 Iridesse locations nationwide, located mostly on the East and West coasts.
Fortunoff
Announced: Feb. 4, 2009
Fortunoff Fine Jewelry & Silverware closed the doors at its 57th Street and Fifth Avenue flagship location, Feb. 4. The company is in talks to liquidate its inventory.
Phillips-Van Heusen
Announced: Jan. 21, 2009
In an effort to slash costs, Phillips-Van Heusen, the parent company of Calvin Klein, Izod and Van Heusen clothing brands, said Jan. 21 that it would close 175 stores, reduce its warehouse capacity and cut travel, marketing and administrative expenses. The restructuring is expected to save the company about $40 million per year before taxes.
Yankee Candle
Announced: Jan. 21, 2009
Yankee Candle announced Jan. 21 it will close 28 Illuminations retail stores, which are located primarily on the West Coast, as well one Yankee Candle store.
Virgin Megastore
Announced: Jan. 15, 2009
All Virgin Megastores in the U.S. are set to close up shop by summer.
Supervalu's Cub Foods
Announced: Jan. 14, 2009
Supervalu announced Jan. 14 it will begin closing 50 grocery stores from various chains it owns, including Cub Foods, Albertsons, Shop 'n Save, Shaw's Star and others.
Goody's Family Clothing
Announced: Jan. 14, 2009
Tennessee-based Goody's, which just emerged from bankruptcy protection in October, announced Jan. 14 that it was again filing for Chapter 11 bankruptcy protection. The company also said that it would liquidate its remaining 282 stores.
Sweetbay Supermarkets
Announced: Feb. 16, 2009
Tampa-based Sweetbay Supermarkets will close seven underperforming grocery stores.
World Market
Announced: Jan. 13, 2009
Cost Plus, Inc. plans to close 26 of its World Market stores and exit eight markets.
Oneida
Announced: Jan. 8, 2009
Oneida Ltd., the flatware and dinnerware manufacturer based in Oneida, said it will close its 20 outlet stores in North America.
S&K; Famous Brands
Announced: March 23, 2009
Less than a month after the Feb. 9 Chapter 11 bankruptcy filing, Richmond, Va.-based S&K; Famous Brands Inc. and Hilco Merchant Resources LLC have started liquidating the merchandise at 22 percent of its 136 stores. 30 stores in the chain will shut their doors as part of the parent company’s Chapter 11 reorganization bankruptcy.
Famous Footwear
Announced: Jan. 21, 2009
Reuters says Brown Shoe Co. plans to close 30 to 35 of its Famous Footwear stores this year.
Claire's
Announced: Feb. 15, 2009
The retailer of jewelry and fashion accessories for girls, is closing 119 stores.
Kira Plastinina
Announced: Jan. 12, 2009
Kira Plastinina filed for bankruptcy protection within the first days of 2009. The Russian-based teenage designer, who just broke into the US market mid-2008, reportedly owes creditors over $54 million and will close all 12 U.S. stores.
Whole Foods & Wild Oats
Announced: March 6, 2009
Whole Foods is selling 13 of its stores as part of a settlement with the FTC. The stores include 12 Wild Oats stores and one Whole Foods store.
Bealls
Announced: Feb. 19, 2009
Bealls is closing 12 outlet stores out of over 500 total stores, reports the 'Bradenton Herald.' The stores will close in Florida, Georgia, and Arizona.
Gap, Inc.
Announced: Feb. 26, 2009
Gap, Inc. plans to close about 100 stores while opening 50 new stores in 2009.
Canadian Sam's Club Stores
Announced: Feb. 26, 2009
Bloomberg reports that Wal-Mart is going to close all six of its Sam's Club stores in Canada. Wal-Mart says the stores failed to meet sales expectations. 1,200 jobs will be cut as a result.
Bassett Furniture
Announced: Feb. 12, 2009
The furniture store announced it plans to close another eight to ten licensed stores in 2009.
Z Gallerie
Announced: Feb. 20, 2009
The home decor retailer is closing 25 of its 77 locations.
Jimmy'z
Announced: Feb. 23, 2009
Aeropostale Inc. is closing its 11 Jimmy'Z concept stores, reports the 'Wall Street Journal.'
Bruno's
Announced: Feb. 18, 2009
The grocery store chain in Alabama and the Florida Panhandle is closing four Bruno's stores and six Food World stores.
Filene's Basement
Announced: Jan. 21, 2009
Discount retailer Filene's Basement is going to be closing a third of its 36 stores reports 'The Boston Globe.'
New York & Company
Announced: Jan. 8, 2009
Specialty apparel retailer New York & Co. said today it will cut 310 mostly managerial positions and close up to 50 stores over the next five years in an effort to counter declining consumer spending.
Chico's
Announced: Jan. 29, 2009
Clothing company Chico's said it is eliminating 180 positions and may close up to 25 stores to cope with the economy's toll on retailers.
Snyders Drug Stores
Announced: Feb. 5, 2009
The Snyders Drug Store chain is closing 19 of 47 company-owned stores amid the challenging economic environment.
Better Bedding
Announced: March 3, 2009
Better Bedding Shops Inc. has filed for Chapter 11 bankruptcy and closed 11 of its 21 stores in Connecticut and Massachusetts.
Retail Stores Closing Doors - WalletPop
THIS IS THE BEGINNING THERE IS MORE TO COME!!!
Top Opinion
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Roberto-Pro-America-Anti Obama 2009/04/01 00:34:31We are doomed! Obama made the WRONG choice to spend instead of tax cuts!
A 2 million man march on Washington.
A few years ago, our African American men organized a one million man march on Washington DC. If we would just stick together and find someway to get those gutless, White Men to put their cheeseburgers down , get off their fat ass, turn off their HDTV and put their golf clubs away for just a few days, don’t you think we could form a 2,000,000 man march on Washington. Believe me, in just a few days we could we could have our Federal Gov. eating out of the palm of our hand. If we fail to take action and continue to do nothing, in the next 10 to 15 years our kids and grandkids are really going to suffer. I won’t blame them at all if one day they stand over our grave, pull down their pants, and piss on it because we have really let them down.
If you believe that your vote is going to make a differance, then, ignorance is indeed a disease and so is being naive.
We will probably see many more of these as time goes by. That will be because of government interference, which they have NO business doing. It is going to destroy America's ambition.
where the Hell does it stop??? Frankly, it is obvious that BOTH parties have engaged in stupid behavior..the Repubs have tried to out-Dem the Dems in the last 8 years..it NEVER ends...until the CONSERVATIVE faction truly steps up to the plate like Newt did in '96, and BE CONSERVATIVE and stop acting like Dems, then we are indeed DOOMED..
Too Long of Recession may hurt Wal-Mart
Posted 21 days ago on 3/09/09
It is an obvious fact that when people have less money, they want to spend less and find where they can get more bang for their buck. It is also true; however, that the way Wal-Mart operates, they cannot afford a weak economy for too long. Though they are masters at selling volume, this kind of sales is not always beneficial during a recession where many are simply not spending money period. Wal-Mart will struggle like any other company if recession continues. The effects will just be delayed. No company is 100% recession proof.