STORE CLOSINGS AND LAYOFFS
If you have gift cards for these stores, hurry up and use them!!
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
Boscov's - Closing Monmouth Mall - Liquidation begins next week.
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 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 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 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.
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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.
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 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.
