Subject: STORE CLOSINGS/Good to KNow
KEEP IN MIND WHILE HOLIDAY SHOPPING!! PLEASE PASS ALONG TO FAMILY AND FRIENDS
Subject: Be aware/gift cards for holidays/ Store closings
May I make the recommendation that we be careful of buying store brand gift
cards for holidays. Things are closing rapidly. Not on the list below is Linens
& Things is under liquidation and closing all stores by year end.
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.
Edd ie 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 under performing 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 under performing 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 Pago da 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 under performing stores. The company said it’s
not providing 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 under
performing 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.
Macy’s – 9 stores
Movie Gallery – 160 stores as part of reorganization plan to exit bankruptcy.
The 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.
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 under performing 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.
KB Toys posted a list of 356=2 0stores 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 under performing 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 under performing stores this
year.
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