2009 Store Closings And Layoffs - The Latest Casualty Count
By Daniel at 8 December, 2009, 2:40 pm
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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 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
- Jonathan
2009 Retail Industry Stores Closing, Including Chains Going Out of Business:
The most recent additions are indicated with bold lettering. This list is arranged in descending order, according to the total number of store closings planned for 2009. It was last updated on 11-15-09.
2,639 General Motors
960 Blockbuster
789 Chrysler
567 Circuit City
461 KB Toys
450 Movie Gallery (Game Crazy, Hollywood Video)
365 Ritz Camera
273 Starbucks
287 Goody’s
265 Jones Apparel Group (2009 & 2010)
240 Waldenbooks
191 Zale Corporation
175 Van Heusen
163 Ann Taylor (by 2010)
161 InkStop
160 Family Dollar
150 Popeye’s (AFC Enterprises)
135 S&K Famous Brands Inc.
130 Advance America
129 Boater’s World
125 F.Y.E. (Trans World Entertainment)
121 Eddie Bauer
118 Office Depot
117 Rite Aid
104 Finlay Enterprises
102 Payless Shoes
100 Albertsons
100 Charming Shoppes
100 Gap, Inc.
98 Club Libby Lu (Saks)
85 NextCen Brands (Great American Cookies, MagieMoo’s, Marble Slab Creamery, Pretzelmaker)
84 Samsonite
81 Saab Dealerships
77 Game Stop
75 J. Jill
75 Signet Jewelers
70 Famous Footwear (Brown Shoe Co.)
60 Arby’s
60 Collective Brands
60 Dominos
59 Advance Auto Parts
59 Ruby Tuesday
58 Gottschalks
56 Smith & Hawken
50 B Dalton
50 Pacific Sunwear
50 Select Comfort
50 Supervalu
50 New York & Co. (over the next five years)
48 Home Depot (Expo, YardBIRDS, Design Center, HDBath)
48 Ultra
46 Anchor Blue
45 Cato
44 Check ‘n Go
43 Destination Maternity
40 Justice
40 Kirkland’s
40 Tween Brands (Limited Two, Justince)
38 Bruno’s
34 Bachrach
32 Big 10 Tires
31 Pier One
30 Jo-Ann Stores
29 Basha’s Supermarket
29 Ruehl (Abercrombie & Fitch)
28 Kmart
28 Yankee Candle
26 Cost Plus
25 Chico’s FAS
25 Dress Barn
25 Finish Line
25 Fred’s
25 Luby’s
24 Blue Tulip Gift Shops
24 Cashland
24 Foot Locker
24 Sears
23 Sportsman’s Warehouse
22 AFC Enterprises
21 Papa John’s
21 ZGallerie
20 Baja Fresh Mexican Grill
20 Man Alive (Finish Line)
20 Oneida Ltd.
20 Pumpkin Patch
20 Wendy’s
20 Wet Seal
19 Snyder’s Drug Stores, Inc.
18 Black Angus
18 O’Reilly Automotive
16 Filene’s Basement
16 Iridesse (Tiffany & Co.)
16 Men’s Wearhouse
16 Shoe Carnival
16 Talbot’s
16 Williams-Sonoma
15 Tim Horton’s
15 West Marine
14 Whataburger
13 OfficeMax
13 Stein Mart
12 Bealls
12 Kira Plastinina
11 99 Cent Only Stores
11 Better Bedding Shops, Inc.
11 Jimmy’Z (Aeropostale)
11 Macy’s
11 Pamida
10 Holcomb’s Education Resource
10 Bassett Home Furnishings
10 Dollar General
10 E&J’s Shoes
10 P.F. Chang’s Pei Wei Restaurants
10 U.S. Cellular
9 California Herbal Relief Center
9 Rally’s
8 Active Ride Shop
8 Dillard’s
7 Auto Nation
7 Damon’s
7 Flying J’s
8 MarineMax
7 Penn Traffic (P&C Foods, BiLO)
7 Plunkett Furniture
7 Sweetbay Supermarkets
6 Denny’s
6 Destination Maternity
6 Music City Record Distributors
6 Pulix
6 Rex Appliance & Electronics
6 Whole Foods
6 Winn Dixie
5 Borders
5 Krispy Kreme
5 Mark Shale
5 Stock Building Supply
5 Target
4 Albertson’s
4 Applebees
4 Coach
4 Girl Scout Stores
4 Red Robin Gourmet Burgers
4 Harry W. Schwartz Bookshops
4 Jagmania
4 Jennifer Convertibles
4 Lucky Grocery Stores
4 Sacino & Sons
3 Blockbuster
3 Bulgari
3 Dollar Tree
3 Food World
3 Good’s Furniture & Flooring
3 Guess
3 Hawaiian Telecom
3 High Point Coffee
3 Jamba Juice
3 Lane Bryant
3 P&C Food Markets
3 Virgin Records
2 A.C. Moore
2 Bailey Banks & Biddle
2 Belk
2 Bob Evans
2 Checker Auto Parts
2 Costco Home Stores
2 Dunkin Donuts
2 Hacketts
2 Homer’s Music and Gifts
2 Hypnoses
2 Jewel-Osco
2 Kragen Auto Parts
2 L’Oreal Paris
2 MarBeck Appliance Parts
2 Morton’s
2 Natuzzi Americas
2 Piggly Wiggly
2 Plan 9 Music
2 Pop Tunes
2 Robinson Luggage
2 Rooms Express
2 Ruth’s Chris
2 Salvation Army Thrift Stores
2 Sears Essentials
2 Shaw’s
2 Sheetz
2 SK Restaurant Group
2 Spicy Pickle
2 Storables
2 Thomasville Home Furnishings
1 Ace Hardware
1 Andersons General Store
1 Atlanta Bread Company
1 AutoZone
1 Badcock Home Furniture & More
1 Beverly Hall
1 Bon-Ton
1 Bulgari
1 Cici’s
1 Congress
1 Crabtree & Evelyn
1 Cub Foods
1 D’Amica Cucina
1 Disney Store
1 E&J’s Designer Shoe Outlet
1 El Paso Bar-B-Que
1 Fleeger’s Hardware
1 Fresh City
1 Fresh Market
1 Giant Market
1 Goldberg’s
1 Hershey’s Gifts (online store)
1 IGA
1 KC Masterpiece
1 Lord & Taylor
1 Lowe’s
1 Max Mara
1 McCormick & Schmick’s
1 Mel’s Diner
1 Midtown Foods
1 Monroe IGA
1 Nike
1 Powell’s
1 Record Theatre
1 RJ Gator’s
1 Roy’s Hawaiian Fusion
1 Safeway
1 Sam’s Wine & Spirits
1 Schneiderman’s Furniture
1 Scrambler Marie’s
1 Smith’s Food & Drug
1 Sony PlayStation Store
1 Sony Style Store
1 Southern Family Markets
1 Spartan Stores
1 Stax Omega Restaurant
1 Trader Vic’s
1 Ukrop’s
1 Uno Chicago Grill
1 Urban Fresh (Supervalu)
1 Victoria’s Secret
1 Vons
1 White’s Fresh Foods
1 Wilson Farms Store
1 Winchell’s Donut House
1 World Market
1 Wal-Mart
Some chains, like Office Depot, began their store closings in 2008, but the closings will be completed in 2009.
When shutting down individual sites, some retailers are transferring employees to other locations, but most store closings are resulting in substantial retail employee layoffs. Instead of closing an entire store operation, some retail companies are downsizing by reducing the number of employees per store, or reducing the number of hours each employee works in a week.
Even though they are closing underperforming stores, many retailers are offsetting these closings by opening new stores in 2009.
2008 US Store Closings - The Latest Casualty Count
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