Christmas Massacre
HUGE NUMBER OF STORE CLOSINGS.
Here is a list of major chains which have announced closings before year’s end. If you have gift cards hurry up and use them.
Ann Taylor closing 117 stores nationwide.
A company spokeswoman said thecompany hasn’t revealed which stores will be shuttered. It will let the stores
that will close this fiscal year know over the next month.
Eddie Bauer to close more stores
Eddie Bauer has already closed 27 shops in the first quarter and plans to
close up to two more outlet stores by the end of the year.
Cache closing stores
Women’s retailer Cache announced that it is closing 20 to 23 stores this
year.
Lane Bryant, Fashion Bug, Catherine’s closing 150 stores nationwide.
The owner of retailers Lane Bryant , Fashion Bug , Catherine’s Plus Sizes will
close about 150 under performing stores this year. The company hasn’t provided
a list of specific store closures and can’t say when it will offer that info,
spokeswoman Brooke Perry said today.
Talbots, J. Jill closing stores
About a month ago, Talbots announced that it will be shuttering all 78 of its
kids and men’s stores. Now the company says it will close another 22 under
performing stores. The 22 stores will be a mix of Talbots women’s and J. Jill
, another chain it owns. The closures will occur this fiscal year, according
to a company press release.
Gap Inc. Closing 85 stores
In addition to its namesake chain, Gap also owns Old Navy and Banana Republic.
The company said the closures - all planned for fiscal 2008 - will be weighted
toward the Gap brand.
Foot Locker to close 140 stores
In the company press release and during its conference call with analysts
today, it did not specify where the future store closures - all planned in
fiscal 2008 - will be. The company could not be immediately reached for
comment.
Wickes is going out of business
Wickes Furniture is going out of business and closing all of its stores,
Wickes, a 37-year-old retailer that targets middle-income customers, filed for
bankruptcy protection last month.
Goodbye Levitt’s / BOMBAY - closed already
The furniture retailer, which is going out of business. Levitt first
announced it was going out of business and closing all 76 of its stores in
December. The retailer dates back to 1910 when Richard Levitt opened his first
furniture store in Lebanon , PA. In the 196 0 s, the warehouse/showroom concept
brought Levitt to the forefront of the furniture industry. The local Levitt
closures will follow the shutdown of Bombay .
Zales, Piercing Pagoda closing stores
The owner of Zales and Piercing Pagoda previously said it plans to close 82
stores by July 31. Today, it announced that it is closing another 23 under
performing stores. The company said it’s not providing a list of specific
store closures. Of the 105 locations planned for closure, 50 are kiosks and 55
are stores.
Disney Store owner has the right to close 98 stores.
The Walt Disney Companyannounced it acquired about 220 Disney Stores from subsidiaries of The
Children’s Place Retail Stores. The exact number of stores acquired will
depend on negotiations with landlords. Those subsidiaries of Children’s Place
filed for bankruptcy protect io n in late March. Walt Disney in the news
release said it has also obtained the right to close about 98 Disney Stores in
the U.S. The press release didn’t list those stores.
Home Depot store closings (E. Brunswick, Rt 18 just put up their closing
sign)
ATLANTA - Nearly 7+ months after its chief executive said there were no
plans to cut the number of its core retail stores, The Home Depot Inc.
Announced Thursday that it is shuttering 15 of them amid a slumping U.S.
Economy and housing market. The move will affect 1,300 employees. It is the
first time the world’s largest home improvement store chain has ever closed a
flagship store for performance reasons. Its shares rose almost 5 percent. The
Atlanta-based company said the under performing U.S.stores being closed
represent less than 1 percent of its existing stores. They will be shuttered
within the next two months.
Comp USA (CLOSED) clarifies details on store closings
Any extended warranties purchased for products through Comp USA will be honored by a
third-party provider, Assurant Solutions. Gift cards, rain checks, and rebates
purchased prior to December 12 can be redeemed at any time during the final
sale. For those who have a gadget currently in for service with Comp USA , the
repair will be completed and the gadget will be returned to owners.
Macy’s - 9 stores
Pep Boys - 33 stores
Sprint Nextel - 125 retail locations
New Sprint Nextel CEO Dan Hesse app ears
to have inherited a company bleeding subscribers by the thousands, and will now
officially be dropping the ax on 4,000 employees and 125 retail locations. Amid
the loss of 639,000 post paid customers in the fourth quarter, Sprint will be
cutting a total of 6.7% of its work force (following the 5,000 layoffs last
year) and 8% of company-owned brick-and-mortar stores, while remaining mute on
other rumors that it will consolidate its headquarters in Kansas. Sprint
Nextel shares are down $2.89, or nearly 25%, at the time of this writing.
J. C. Penney, Lowe’s and Office Depot are scaling back
Ethan Allen Interiors: The company announced plans to close 12 of 300+ stores
in an effort to cut costs.
Wilsons the Leather Experts - 158 stores
Pacific Sunwear will close its 154 Demo stores after a review of strategic
alternatives for the urban-apparel brand. Seventy-four underperforming Dem o
stores closed last May.
Sharper Image: The company recently filed for bankruptcy protection and
announced that 90 of its 184 stores are closing. The retailer will still
operate 94 stores to pay off debts, but 90 of these stores have performed
poorly and also may close.
Bombay Company: (Freehold Mall store closed) The company unveiled plans to
close all 384 U.S.-based Bombay Company stores. The company’s online
storefront has discontinued operations.
KB Toys posted a list of 356 stores that it is closing around the United
States as part of its bankruptcy reorganization. To see the list of store
closings, go to the KB Toys Information web site, and click on Press
Information
Dillard’s to Close More Stores
Dillard’s Inc. said it will continue to focus on closing underperforming
stores, reducing expenses and improving its merchandise in 2 008. At the
company’s annual shareholder meeting, CEO William Dillard II said the company
will close another six underperforming stores this year.
Mervyns – All stores to close
McMahons Furniture Stores – All store to close
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