Store Closings!
Ann Taylor closing 117 stores nationwide A company spokeswoman said the company 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, Catherines
closing 150 stores nationwide The owner of retailers Lane Bryant , Fashion Bug , Catherines Plus Sizes will close about 150 underperforming 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 underperforming 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 storesIn 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 businessWickes 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 Levitz / BOMBAY – closed already
The furniture retailer, which is going out of business. Levitz 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 Levitz opened his first furniture store in Lebanon , PA. In the 1960s, the warehouse/showroom concept brought Levitz to the forefront of the furniture industry. The local Levitz 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 underperforming stores. The company said it’s n ot pro viding 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 Company announced 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 protection in late March. Walt Disney in the news release said it has also obtained theright 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 underperforming U.S.stores being closed represent less than 1 percent of its existing stores. They will be shuttered within the next two months.
CompUSA (CLOSED)
clarifies details on store closings Any extended warranties purchased for products through CompUSA 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 CompUSA, the repair will be completed and the gadget will be returned to owners.http://www.news.com/8301-10784_3-9834177-7html
<http://www.news.com/8301-10784_3-9834177-7.html>
Macy ‘s
– 9 storesMovie Gallery
– 160 stores as part of reorganization plan to exitbankruptcyThe video rental company plans to close 400 of 3,500 Movie Gallery
and Hollywood Video stores in addition to the 520 locations the video rental
chain closed last fall.
Pacific Sunwear
– 153 Demo storesPep Boys
– 33 storesSprint Nextel
– 125 retail locations New Sprint Nextel CEO Dan Hesse appears to have inherited a company bleeding subscribers by the thousands, and will now officially be dropping the ax on4,000 employees and 125 retail locations. Amid the loss of 639,000 postpaid 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 backEthan Allen Interiors
: The company announced plans to close 12 of 300+stores in an effort to cut costs.
Wilsons the Leather Experts
– 158 storesPacific Sunwear
will close its 154 Demo stores after a review of strategic alternatives for the urban-apparel brand. Seventy-four underperforming Demo 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 InformationDillard’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 2008. At the company’s annual shareholder meeting, CEO William Dillard II said the company will close another six underperforming stores this year.
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The under performance of the companies due to the economic situation?
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I think so. Everybody is getting hit hard with this economic situation we are in.
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Hey,yeah Bombay closed earlier this year. I was totally crushed.
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They had some nice stuff.
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FYI, I found out that this is a misprint for Ethan Allen, they announced this last year and they closed the 12 stores but opened them up as design centers already this year in different buildings or whatever. So it was more of a relocation thing that happened a while ago.
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Quite informative. Just wanted to drop you a quick note to say thank you for a great resource.
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@beth: Thanks for clarifying that.
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Monday I was searching for sites related to Marketing and specifically white house black market coupon and I found your site.
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Your article “This Season be Careful when buying gift cards” is inaccurate. Movie Gallery is not planning to close any stores at this time. Please find an official statement from the company here: http://www.moviegallery.com/company/blog.aspx. Please remove the paragraph about Movie Gallery from your article at your earliest convenience. Thank you.
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It’s a make-it or break it time for retailers. The holiday selling season is always a critical time for retailers, but this year this may be even more true. With several retailers already falling victim to a drop in consumer spending,
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HINGHAM, Mass. – (Business Wire) The Talbots, Inc. (NYSE: TLB) today announced it has retained Moelis
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CLEVELAND – Saks Fifth Avenue is the latest big retail chain to announce serious losses, and on Tuesday the CEO said people are not in the mood to shop. Macy’s, Gap, Target, Nordstroms and Kohl’s all reported feeling the pinch, and one
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Little was accomplished at the much-hyped summit of world leaders last week besides passing the buck to incoming president Barack Obama. With coordination between leading economies effectively on hold during the American presidential
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