Even More Stores Closing!

[MsSarah]

I just got this in an e-mail, how sad:

Note: I didn't make this...it was fwded to me from my aunt in Utah.

If you have gift cards, shop now and pray for those whose lives are impacted by
this crisis.

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 stor es
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 analyst s
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 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 Pie rcing 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 Mar ch. 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 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
<CompUSA clarifies details on store closings | Tech news blog - CNET News>

Macy 's - 9 stores

Movie Gallery - 160 stores as part of reorganization plan to exit
bankruptcyThe 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 stores

Pep Boys - 33 stores

Sprint 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 on
4,000 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 back

Ethan Allen Interiors: The company announced plans to close 12 of 300+
stores in an effort to cut costs.

Wil sons 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 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 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 2008. At the company's annual
shareholder meeting, CEO William Dillard II said the company will close another
six underperforming stores this year.

[PrincessY]

Wish I hadn't looked at this. This just scares me. When was the last time retail shopping took such a hit? The Depression?

[NeverNeverland]

is this really true? that seems like way too many.

[MsSarah]

Princess Y: I know, it's really horrible! =|

NeverNeverland: I wish it wasn't but it is, even some of the stores in my area that are listed have signs up - clearing a lot of stuff. Hopefully some of the stores listed are able to stay afloat...

[sir clinksalot]

Eh, the only stores I shop at on this list are Old Navy and possibly the Disney Store.

[penguinsoda]

I know the Disney Store in the mall in Palm Desert was closed down and gone the last time I was down there. And is Linen's N Things on that list? (Didn't see them) I read that they were going out of business too.

A few will probably be able to restructure and reopen later once the economy picks up again. But considering that it could be some time before we get our economy totally back on its feet again, who knows how many will be able to keep a "skeleton" crew of stores open until they can expand again, and how many will actually disappear.

[IndianaJenn]

This looks scary ... but this isn't all news from this week. Many of these closures were announced over the past several months.

[MsSarah]

I know the Disney Store in the mall in Palm Desert was closed down and gone the last time I was down there. And is Linen's N Things on that list? (Didn't see them) I read that they were going out of business too.

A few will probably be able to restructure and reopen later once the economy picks up again. But considering that it could be some time before we get our economy totally back on its feet again, who knows how many will be able to keep a "skeleton" crew of stores open until they can expand again, and how many will actually disappear.

I don't believe Linen's N Things is on the list, but the local Linen's N Things store down the street from me has their clearance signs up. I really liked that store too....drats.

[Brain Toad]

Levitz seems like its been going out of business for years, just like every other furniture store around here, they come and go with the breeze. Though Levtiz finally seems to be closing doors after having the going out of business sales for what seemed like years.

[SweetPeaRules]

[Aladdin]

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 Mar ch. 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.

Not sure what you mean by this?!?!?!?!?!?!

The Children's Place owned over 300 stores. And In the process of selling them back to Disney, TCP filed for bankrupty and closed 100 plus stores.

Are you saying ANOTHER 100 stores may close, in addition to 100 that already closed?

[NeverNeverland]

LnT is one that has been going out of business since the beginning of the year.

[Wendygirl]

That is quite some list when you see it all lined up like that. A lot of people are going to be out of work and that is really sad.

[aimster]

The only ones in that list I shop at are Gap/Old Navy.

Welcome to The Great Depression, version 2.0.

[NeverNeverland]

I'm still unsure of all of this - I just did a search for this: Pep Boys - 33 stores
And the results all days they closed 33 stores - in 2003!

And this:

Pacific 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.

Came from this article:
Pacific Sunwear to Close Demo Stores - International Business Times -
Which came out in Jan 2008 - so "last May" was in 2007.


So... while some are probably true, it seems like quite a lot is old news!!!!