2009 Store Closings
Written by Confusion support on November 19, 2008 – 11:59 am -
My sources tell me that the following stores have filed with the Securities and Exchange Commission to close some or all stores this year and in 2009. It is true that we have too many stores as it is but it is a little scary at the same time.
- Many Circuit City stores
- Ann Taylor- 117 stores nationwide
- Lane Bryant, Fashion Bug and Catherine’s to close 150 store nationwide
- Eddie Bauer to close stores 27 stores and more after January
- Cache will close all stores
- Talbots closing down all stores
- J. Jill closing all stores
- 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
- Zales 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)
- Macys to close 9 stores after January
- Linens and Things closing all stores
- Movie Galley Closing all stores
- Pacific Sunware closing 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
- Lowes to close down some stores
- Dillard’s to close some stores
Posted in Retail Store Confusion |
November 23rd, 2008 at 11:09 pm
Interesting about all of these store closings. Now I see that Boscov’s is asking Pennsylvania to bail it out! Where does it end. This is a capitalist country, we should rarely bail anyone out. Let it happen naturally. When one business goes no matter how large, others will rise to make new jobs.
November 24th, 2008 at 8:35 am
Agree with Thongman, and one thing I have to wonder about is how many of those businesses looking for a “bail-out” are represented by folks who lived in fear that Barak Obama was going to institute socialism if he became president. Seems to me that’s exactly what they are hoping for now. Guess one’s perspective changes when the shoe is on the other foot.
Because of the number of jobs that will be lost if some of these industries do go under (like the auto industry), I do think some sort of assistance is reasonable, but I also think the first assistance can be had by cutting salaries at the top. No more million-dollar bonuses for runing a business into the ground. Tying salaries to profits might be a good place to start.