Business Closings in 2009 Due To Economy
STORE CLOSINGS AND LAYOFFS:
By the end of Dec. 2008 as announced Circuit City Filed Bankruptcy, they promised to keep all
stores open for the holiday season, but afterwards, they plan on closing 155 stores nationwide.
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, and 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 t he company says it will close another 22
underperforming 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 Furniture 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 closi! ng 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
stores by Jul y 31. Today, it announced that it is closing another 23
underperforming 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 Propecia buy for bankruptcy protection in late March. In the news release,
Disney 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
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 US. 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 underperforming U.S. stores being closed
represent less than 1 percent of its existing stores They will be
shuttere! d withi n 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 Closing 9 stores
Pep Boys closing 33 stores
Sprint Nextel closing 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 will be scaling back and cutting jobs.
Ethan Allen Interiors - The co! mpany a nnounced plans to close 12 of 300+
stores in an effort to cut costs.
Wilson’s the Leather Experts closing all 260 mall stores.
Pacific Sunwear will close its 154 Demo stores after a review of strategic
alternatives for the urban-apparel brand Seventy-four underperforming Demo
st! ores cl osed 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.
Bombay Company
The company unveiled plans ! to clos e 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
States as part of its bankruptcy reorganization.
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.
Starbucks closings: Starbucks will close approximately 600 company- operated stores
in the U.S.
Pier 1 closings: Announced that they would be closing an undisclosed number of
stores.
Kirklands Closings: A chain of home decor stores will be closing nearly 130 stores
nationwide.
Sprint closings: to cut 4500 jobs. and 125 stores.
Linens ‘n Things closings: Is closing 120 stores nationwide
Dell Inc. closed its 140 kiosks in the United States
Liz Claiborne, Inc. said it’s closing the entire 54-store Sigrid Olsen chain.
Lone Star Steak House closings: 27 stores closing.
84 Lumber closings: 12 stores closing
Rite Aid closings: 28 stores
Big Dollar closings: dollar stores closing 10 stores
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AC Moore & Sound Advice closing all their stores nationwide, too
Wow…omfg
sweet…1st comment
[...] a recent JonathtanKlunk.com post entitled “Business Closings in 2009 Due To Economy” on November 21, 2008, it was stated that Movie Gallery was slated to close 160 stores as part of a [...]
can anyone tell me which pep boys are to close. Or have they already been closed.
Some of your ’store closing’ postings are not correct. Please check with home offices for correct information.
Thank you.
I see that this site supresses information on what stores are closing! anyone who reads this before it is removed…beware the above information!
I really wonder who is behind it.
OMG I cant believe this stuff!! I feel bad 4 all those people who will lose their jobs.
Anthony (or anyone who may know), are all the AC Moore stores closing? How do you know this, and do you know a date as to when they may be closing? I work at an AC Moore and I have been hearing talk of our store closing but higher-up workers are denying it. Any input about this matter is greatly appreciated. Thanks
Is Janie and Jack stores closing their doors
a company will not tell you if they are closing because they dont wont people to abandon their jobs until they are ready to officially close it. I woreked at bennigans and they lied to us everytime we asked so be careful. They are only out for themselves.
I work for pep boys in houston and I have been hearing that pepboys is closing 33 stores for about 2 years now, and no sign of it. I think this web site needs to do a little bit more of a research before putting this to the public. you are scaring shoppers and that is not helping the caouse to save the economy.
So has anyone actually heard if AC Moore is closing their doors?
even…
Your topic In Laws Just Moved - FILAM FINANCE was interesting.I found it on Tuesday searching for furniture store”.I personally agree with your comments, but there will always be some people who may not feel the same. Anyway Thanks for the info on In …
Greedy CEOs.
great. at least tru isnt closing.
Just to confirm all the GOODY’s Clothing stores nation wide will be closing as well.
Really people, I blame Replublicans! Not only have they destroyed the US economy, but they have taken down the entire planet. I believe that anyone who voted for George Bush should be held financially accountable and should have to donate any savings they have to the people of the world that they have wronged! (not just the U.S.)
Republicans have added new meaning to the term “ugly American” You should all be ashamed!!
I see that Rite is only closing 28 stores so far, I don’t want more people to lose their jobs but this company is going down fast and I don’t think they will make it into next year.
To Rite Aid I say good bye to you and good luck to the people who work for you.
Is AC Moore going to close all of its stores?
Steak & Ale has closed, They had great Steaks & the best French Onion Soup In my opinion.
Sorry to double post, But just think these are the big public companies not including all of the small businesses.
Ok. I am tired of these uneducated people blaming republicans for everything. Since you are not politally informed, let me inform you. Republicans are for corporations. Without corporations this is what happens to the work force. With your new leader wanting to increase the taxes on these companies,you think it will get better? We all know companies dont “eat” the new increases that will be handed down. They will downsize and cut back to compensate for the new tax increases they will. You think it is bad now?? Also all the. Smaller business’ are going to be hit even harder. So before you state your hypothesis of the politial parties and what they represent you should do your research first.
goodbye to rite-aid!!!! after buying brooks/eckerd for a bargain price they let 700 of the 800 corporate employees go in Rhode Island and many more elsewhere. The company was sold down the river by the greedy PJC owners in Canada!
Hey, um, I heard “American Eagle” and “Pac Sun” were going out of business! Does anyone know if this is true?
That is like wicked sad that so many stores are going to close this year!!!!! I really hope this economy gets better soon, now with Obama here, I hope it does!
Wow this is pretty scary…..I feel bad for everyone loosing their job and I do pray God that situation gets fixed pretty soon but it really looks like is going to last a long long time…It feels like the end of the world and while we loose our jobs we got this politics making more and more money and getting more and better benefits…This is just RIDICULOUS!!!!
I still can’t believe that there are actually individuals who actually blame a particular man or party for our current economic problems. This is what is wrong with our country today. There is no accountability and everyone feels a sense of entitlement. Everyone only cares about what affects them, which is ironic because the pending depression will touch us all.
it is so sad to hear that the united states has to do this and that we are in such bad shape….i feel bad for all those people that are going to lose their jobs, fortunately i am employed with marriott vacation club international and jobs cant be cut with that, i recommend that people work in hotels, even though its not the best job ever, people are traveling more than ever right now due to everything being so cheap and staffing is needed… work for marriott or any hotel chain, they wont be closing any time soon
hahahahah god you guys are PATHETIC!
like seriously?
hahahahah damn losers!
Illuminations is colsing all their stores also
don’t think that just because you work with a major hotel chain that you’ve got job security…you don’t. i know of a lady who was a long time manager for the marriott and her last day was Jan. 23, she was given a 1 month notice and a 4 week severence. good luck to you
It is only going to get worse. No one is going to be able to afford to spend money. We can thank greed and selfishness in this county that has run ramped for 2 decades. Here we sit the middle class working our butts off for all the money to be taken from us to pay for the less fortunate and to bail out the rich that stole from us and are banking our money for spas and extravagant vacations. The president is a patsy for the democrats in reguards to this stimulus package and says there is no pork in it, that is all it is.
There’s nothing good about this. These businesses pay withholding taxes, sales taxes and their employees buy goods, pay bills, pay federal and state taxes and this is only the beginning.
This indicates the decision process to close these stores was based upon the Obama speeches which have not given reason to an optomistic future within America.
Unfortunately, you can’t eat H -O P E
You voted for him, so enjoy it..
It proves beyond any doubt that some people have no common sence. History shows that there has never been a good econmy when American has Republican President. There are always Companies closing and people losing their jobs when we have a Republican President.
Ceo’s giving themselfs Millon dallor salarities and Bonuses, Where do people think that money comes from? It comes right out of the company PROFIT They Move the companies out of this country, putting people out of work and then expect the people in the USA to buy their product when they have no jobs.
If giving Tax breaks makes new companies then where are they and why is everyone losing their jobs and cannot find another.
One thing for sure a Republican will Blame anyone but themselfs for what they did. Just Look George W. BUSH was in Ofiice 8 years and look at everything that was going wrong all that time and now Oh it’s the new President fault and he has only been in office a little over 2 month. How stupid do they think people are LOL
Come on people study HISTORY
I feel sorry for all these people that are loosing there jobs! I’m getting married and expecting a kid and kid find a second job anywhere, I just can imagine other people. This economy sucks right now but we all will get through it. Hopes of gets better really soon!!
dont close any store cause I said so.
JP
The people who voted for Bush the second time are just plain stupid! Yes, the Republicans are for big business , oil in particular and look where it’s got us. CEOs ran off with our money, they put a muzzle on our Scientists and our money went overseas. They are not for the people!!!! Joe the Plumber and Sarah Palin - educated??? HA.
Seriously…Americans are slaves to crap we don’t need, who cares what store is closing…it’s just stuff…be happy you’re free. You idiots voted in Bush and Obama so deal with your bad decisions with a smile. Let’s focus on the 1000’s of people that are starving in America and that 1000’s are losing their homes because of war. When is it going to dawn on you stupid Americans that war only brings destruction…
damn that sucks
I guess I am plain stupid!!!!! Look at Obana’s policies! Giving money to car dealerships bailout money, as well as banks and other greedy companies. Where does the money come from? And let’s not forget about the trillion of dollars that is going to healthcare reform. I feel like I am in living in the real world! Many people can get health coverage if they would get off the drugs!!!!!!!!!!!! I know people now that all their money goes to is buying drugs for their habit!!! And I am referring to iillegal drugs… Who will continue to provide this habit for them? The middle class folks! I see it all the time!!!
And I for one am glad that starbucks is going to close!!!!!!!!!! They really erked me when the twin towers were bombed and many came and gave their time and energy to try to help get the survivors help! What did Starbucks do…charged these people a dollar a bottle for water!!!!!!!!!!! To me that was just plain and simple greed!!!! Since that time, that I have read about their greed, I will not buy nor will I drink, eat or et. al anything from them!!!
And to take money from people to give to others is not fair either! I had to work hard to get an education to be able to become a teacher!! I guess I can sit on my rear end and expect the government to just give me money to live…but i don’t and didn’t!!!!
Tessy
[...] Originally Posted by liamnwk That isn’t downtown, DOWNTOWN is where the high concentration of people should be hence a stores should have no problem opening up. Any downtown NYC,Atlanta, philly, pittsburgh, dc has TONS of stores downtown. NO it was theft, I saw it with my own eyes multiple times. No, it’s not downtown. If you had read my post carefully, I said stores would do well on PERIPHERY of downtown b/c the Home Depot, etc. do well there. You said the Springfield ave. marketplace wouldn’t do well b/c stores were closing downtown, but I pointed out the Springfield ave. marketplace ISN’T downtown. and ‘NO’, it wasn’t theft (Old Navy), (whether you saw it w/ your own eyes or not), national retailers have been closing under-performing Business Closings in 2009 Due To Economy | Jonathan Klunk - Interior Design Blog | Louisville, KY [...]
I feel sorry for all these people that are loosing there jobs! I’m getting married and expecting a kid and kid find a second job anywhere, I just can imagine other people. This economy sucks right now but we all will get through it. Hopes of gets better really soon!!
What a excellent theme you have. your blog posts are pretty useful too! Thank you
Are A.C. Moore Stores closings? The pay is low and they want you to work hard. Other people don’t work as hard as I do.
That’s what they get.