Zales is still around?
We need a Retail Bailout Fund.
Lots of people work in, and depend on these stores for their livelihoods.
...finally the US shuts down...
Constitution be damned! Let’s swear in Zerobama ASAP so he can solve this problem!
0bama’s fault no doubt.
Maybe the worldwide obesity epidemic is not what we thought it was? :)
Does anybody have any good news this evening?
My silly distant cousin who was sending me all kinds of pro-Obama emails before the election just sent me today an alarmist email that said hurry up and use your gift cards because all of these stores are closing. Does she not see the connection?
ouch...if only they could get the same bailout the auto companies and UAW want. Dreaming.
Pfaltzgraff is closing all 39 outlet stores before Christmas. Included are some Farberware cooking stores too.
K B Toys is closing stores? Noooo
I must embrace my inner child.
Source?
Obama’s Fault.
I wanted to give everyone a heads up that if you tend to give gift cards
Around the holidays, you need to be careful that the cards will be not be
honored after the holidays. Stores that are planning to close after
Christmas are still selling the cards through the holidays even though
the cards will be worthless January 1. There is no law preventing them
from doing this. On the contrary, it is referred to as 'Bankruptcy
Planning). Below is a partial list of stores that you need to be cautious about.
Circuit City (filed Chapter 11)
Ann Taylor- 117 stores nationwide closing
Lane Bryant, Fashion Bug ,and Catherine's to close 150 stores nationwide
Eddie Bauer to close stores 27 stores and more after January
Cache will close all stores
Talbot's closing down specialty stores
J. Jill closing all stores (owned by Talbots)
Pacific Sunwear (also owned by Talbots)
GAP closing 85 stores
Footlocker closing 140 stores more to close after January
Wickes Furniture closing down
Levitz closing down remaining stores
Bombay closing remaining stores
Zale's closing down 82 stores and 105 after January
Whitehall closing all stores
Piercing Pagoda closing all stores
Disney closing 98 stores and will close more after January
. Home Depot closing 15 stores 1 in NJ ( New Brunswick )
Macy's to close 9 stores after January
Linens and Things closing all stores
Movie Gallery Closing all stores
Pep Boys Closing 33 stores
Sprint/Nextel closing 133 stores
JC Penney closing a number of stores after January
Ethan Allen closing down 12 stores.
Wilson Leather closing down all stores
Sharper Image closing down all stores
K B Toys closing 356 stores
Lowe's to close down some stores
Dillard's to close some stores
http://phx.corporate-ir.net/preview/phoenix.zhtml?c=78167&p=irol-newsArticle&ID=1229079
"For the year, the Company expects to open 66 new stores, comprised of 25 LOFT stores, 23 Factory stores, 14 LOFT Outlet stores and four Ann Taylor stores. As part of its strategic restructuring program, the Company expects to close approximately 60 stores in fiscal 2008, with 33 Ann Taylor stores planned for closure and 27 LOFT stores planned for closure."
The net will be 66 new - 60 closed = 6 additional stores
In the last 40 years has any economic growth legislation been inspired by Democrats ?
THE NEXT BAIL OUT!!!!!!!!!!!!! 500 hundred billion trillion gudzillion dollars to bail out every store in America that does bad for Christmas sales.
See post #36.
What is interesting is that a lot of these stores needed to close before the recession/depression hit. I am a very typical American consumer and an astute shopper, and my tastes run parallel to those of most American women. So when lists like this one were disseminated via the net in recent weeks, there were no surprises at all.
Foot Locker? It was based on the 80’s and 90’s premise that America is devoted to running. As the boomers have aged, far, far fewer of us run than used to. It’s just not the thing anymore.
Circuit City? Dreadful selection and prices compared to its competitors, and infamous for bad customer service.
Talbot’s? Ten or twenty years ago they sold superb clothes made of good wool, linen, silk, or cotton. Styles were attractive classics, and a woman could keep those clothes for many years. But now they charge the same prices for Chinese clothes made of rayon and polyester. And they’re surprised that they’re going out of business.
Home Depot? Their internal customer surveys show that suburbanites prefer to shop at Lowe’s, which is cleaner, more attractive, less crowded. Short dark guys with a heavy Spanish accent prefer to hang out at Home Depot. Guess which group has more disposable income.
Zales and other low-end jewelry stores: there is a limit to the amount of money people can spend on tiny flecks of diamond, especially when all the jewelry looks identical.
Gap, like Foot Locker, is also synonymous with the 1990s. The new Gap is Old Navy. Old Navy is not empty. Old Navy is not going out of business, though its time will come too.
The Disney Stores were great when my children were little. They specialize in selling merchandise to seven-year-old girls, based on the characters of animated movies. Unfortunately Disney has not produced a movie that every little child wanted a piece of since The Lion King fourteen years ago.
CompUSA was a gloomy place staffed by teenage boys who had no work ethic.
Movie Gallery - the business plan didn’t take into account the fact that you can now download movies to your computer or get them from cable or satellite, and there’s no need to go to a store to buy them anymore.
Pacific Sunwear - Just like 9 kajillion identical teenagers’ stores full of t-shirts.
Sprint Nextel - The joke was that they call it NexTel because you have to stand Next to someone to Tell him anything. Poor coverage.
J. C. Penney - not a high-status place, and for years the middle class has desired Ralph Lauren type high-status clothing, not stuff that had the JC Penney logos on it.
Office Depot stores near me were always nearly empty long before the economic downturn.
Ethan Allen Interiors was based on a 40-year-old sales premise, that people would tolerate custom-ordering furniture and matching window treatments without a discount, then waiting four months for them to be made in North Carolina. Um, no. That doesn’t work for Americans anymore.
Sharper Image: again, there is a limit to the number of pointless toys people will buy.
Bombay Company: Bombay was cute 25 years ago, but again, there is a limit to the amount Americans are willing to spend on unassembled made-in-China furniture comprised of mystery-meat woods sprayed with a reddish-brown plastic coating. I could smell the failure long before the recession hit, simply because I couldn’t find anything I liked in their stores anymore.
KB Toys - small, crowded, limited selection. I lost interest in buying their crap.
I have no comment on why Macy’s might be closing stores.
The other stores mentioned—Pep Boys, Dillards, Wilson Leather, etc.—I know nothing about.