Skip to comments.Eight Retailers That Will Close the Most Stores
Posted on 02/02/2013 7:00:46 AM PST by DemforBush
And while successful retailers in 2012 may add stores this year, those that have performed very poorly may have to cut locations during 2013 to improve margins or reverse losses.
For many retailers, the sales situation is so bad that it is not a question of whether they will cut stores, but when and how many.
(Excerpt) Read more at finance.yahoo.com ...
1. Best Buy
3. J.C. Penny
4. Office Depot
5. Barnes and Noble
7. Office Max
8. Radio Shack
1. Crappy shopping experiences turn off customers?
2. Getting creamed by the Internet?
3. All of the Above?
Wow. If this is true, our local mall will be decimated.
I’ve actually been surprised Sears has lasted as long as it has. Except for tools (which probably is what keeps it afloat) everything else is sub-par quality (selling the same crap they do in K-Mart) the stores always seem empty and many times they occupy very high rent-space.
Radio Shack — such a weird store. I can never just go in and look around and figure out what I need. They think customer service is pouncing on a customer and badgering him.
Agreed! It’s really simple. Don’t rip the people off and give good customer service. Here’s another one, It’s easier to make a faster nickel than a long dime. Just ask Champ’s or Rally’s. The entire industry laughed at and mocked the dollar menu. So that whole “economy” and other bs won’t fly. This is what they encountered when they introduced the dollar menu and for years they changed this thinking when “they” said it will not work.
Here in northern NJ the black market is expanding so quickly (due to the ongoing invasion by illegal aliens) that these stores can’t compete. The remaining Euro-Americans can’t stand being around the members of the permanent underclass they have to deal with to visit said stores.
Yeah, Radio Shack is becoming known for bad service these days:
Generic garbage for those that don’t know electronics.
The Amazon effect coupled with poor service of the retailer. In ten years Amazon or operations like it will dominate the retail market. Ops like Home Depot will survive because some stuff you need now, same thing with Staples, but big purchase appliances,electrics, computers will all be from an Amazon type op. Exceptions exist. In the NYC area P.C. Richard prospers because of competitive pricing, excellent support, and sales guys who are old school. Here on L.I we also have a couple of independent retailers who prosper for the same reasons.
“If this is true, our local mall will be decimated.”
One mall nearby actually has a tattoo parlor in it, while another one (the Xanadu mall next to Giants Stadium) was completed a few years ago (complete with indoor ski slop) and NEVER OPENED. It is eerie; you are standing outside this giant building, and it simply never opened. That said more to me about the economy than any politician or economist (from either party) ever could. I believe the state of NJ is now intervening to get something going in the vacant mall because in one year the whole world is going to see this giant monstrosity next to the stadium during the SUPER BOWL.
A local Mall has been a ghost town for years and has lost even more productive stores over the last 4 years. There’s a Pennys on one end and a Sears on the other with a lot of vacant slots in between - even Chik-Filet closed up last year. It looks like Wal-Mart is going to take up a big chunk of it with a new super store and it might breathe some life into the remaining merchants by getting some folks (other than those who use it as a walking track) into the facility. I know one guy who had a coffee/pastry shop and had to move out because they wanted too much for rent (trying to soak remaining businesses to make up for all the empty places). He moved back in recently because the other location is suffering the same economic woes and the Mall lowered its rates to try to keep what merchants it has. He’s about to fold for lack of business. I was in the Mall last week (getting over Flu and wanted a climate-controlled place to walk in) and even at 2 PM it was a ghost town.
Can’t happen. I’ve got direct deposit there.
Your local mall must be fairly large if those 8 stores are just 10% of the occupancy.
Like northern NJ needed another mall or something...
“I believe the state of NJ is now intervening to get something going in the vacant mall because in one year the whole world is going to see this giant monstrosity next to the stadium during the SUPER BOWL.”
On a side-note: how cool would it be for that Super Bowl to be the 2 Manning brothers facing each other, a segue from the brother vs. brother on the sidelines Super Bowl of this year
I’m no electronics wiz, but I occassionally need some sort of component - switch, led, resistor, etc.
I’ve found that virtually everything I want to buy at Radio Shack that differentiates it from Walmart has been condensed into a couple of poorly organized file cabinets in the back of the store, the contents of which appear to be mysterious oddities to the store clerks.
And they insist on collecting more information about me in order to checkout than the local gun shop. I can understand the need to market, but sometimes you want to just get in and get out, especially when you’re paying cash for something that costs less than $2.
Now I just buy online unless two exceedingly rare events occur - I absolutely need something right away, and Radio Shack actually has it in stock.
The Sears nearest me is the same way. It’s always like a ghost town in the place.
I think the thing with Gamestop is, that it seems like they have a store on every block. My area has at least 8 of them in a five mile radius.
The only one I really like is Barnes and Noble, even though it is a lefty outfit. They can’t control all the content, and they do sell conservative authors, although it pains them. I love it when I plop a Coulter, Levin or Steyn book at the checkout.... lol
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