STORE CLOSINGS AND
LAYOFFS
If
you have gift cards, 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
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 T
albots 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 plan ned 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 st ores 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 own er 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 c
ore 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 co mpany said
the underperforming U.S.stores being closed represent les! s than 1 percent of
its existing sto res. 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
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 subsc ribers 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 an nounced 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 < /FONT>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.
THANK YOU MR.
BUSH AND THE ENTIRE REPUBLICAN PARTY. WE ALL HOPE THE 16 TRILLION
DOLLARS SPENT IN IRAQ WAS WORTH IT! OUR ENEMYS SUPPORT YOUR
EFFORTS
