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  1. #1
    *The TBF Elite* Maeveyblue's Avatar
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    Default Speaking of stores that are closing...

    I recieved this in an email. Not sure about the validity of it, but below are some of the stores that they say are closing. Neiman's is not in the group.


    Nationwide Store Closings


    STORE CLOSINGS AND LAYOFFS

    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.

    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.

    Women's retailer Cache announced that it is closing 20 to 23 stores this year.

    Circuit City - Initial statements suggest that 150 of Circuit City 's 1484 stores in the US and Canada may be shut down. In addition to the closings, Circuit City may be liquidating up to $350 million in inventory, likely at fire sale pricing.

    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. http://www.news.com/8301-10784_3-9834177-7html

    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..

    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.

    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.

    Ethan Allen Interiors: The company announced plans to close 12 of 300+ stores in an effort to cut costs.

    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

    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.

    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 represents less than 1 percent of its existing stores. They will be shuttered within the next two months.

    J. C. Penney, Lowe's and Office Depot are scaling back.

    KB Toys posted a list of 356 stores 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.

    Lane Bryant, Fashion Bug, Catherines closing 150 stores nationwide. The
    owner of retailers Lane Bryant , Fashion Bug , Catherine's 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.

    Goodbye Levitz - 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 1960's, the warehouse/showroom concept brought Levitz to the
    forefront of the furniture industry. The local Levitz closures will follow
    the shutdown of Bombay (see above).

    Gift retailer Lillian Vernon, based in Virginia Beach , Va. , said it will evaluate whether to sell itself.

    Linens n Things - Earlier this week, Linens 'N Things backed out of restructuring plans that included some store closures and decided to shut its remaining 371 stores in 48 states.

    Macy's - 9 stores

    Mervyns - Mervyns, the 59-year-old department store chain based in Hayward , is closing up shop. The ailing retailer, which filed for Chapter 11 bankruptcy protection in July and planned to close 26 stores, said Friday it now plans to liquidate its remaining 149 locations and shutter the business after the holiday season.
    "We are disappointed with this outcome but the company's declining liquidity position and the extremely challenging retail environment, together with the fact that we have exhausted all other possibilities, requires that we take this action," said John Goodman, Mervyns' chief executive, in a statement.

    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.

    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.

    Pep Boys - 33 stores

    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.

    Shoe Pavilion Inc.,

    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.

    Steve & Barry's Earlier this month, Steve & Barry's LLC, once a growing force in low-priced fashion, filed for Chapter 11. Steve & Barry's, which has 276 stores in 39 states, tossed itself into Chapter 11 bankruptcy protection, the latest victim of a steep downturn in the retail sector and tighter credit markets. Mall owners have delayed reimbursing the discount fashion chain for store-opening expenses, further constricting its cash flow, the company said

    Talbot's, J. Jill closing stores. About a month ago, Talbot's 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 Talbot's women's and J. Jill , another chain it owns
    The closures will occur this fiscal year, according to a company press
    release.

    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. They
    have already closed the Minnesota stores.

    Wilsons the Leather Experts - 158 stores.

    Zales, Piercing Pagoda 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.
    Thinking of...
    Chanel Black Jumbo
    LV Artsy MM
    Holy Grail: Chanel 06 Bleu Fonce Jumbo


    In the middle of every difficulty lies opportunity."
    ~Einstein~

  2. #2
    ♥ Moderator ♥ Zombiegirl's Avatar
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    Default Re: Speaking of stores that are closing...

    This is very alarming.
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  3. #3
    The Bag Star jadore's Avatar
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    Default Re: Speaking of stores that are closing...

    whoa! that's freaking crazy, all the people that are going to be laid off and everything, bleh.


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  4. #4
    Moderator and Blogger boysRsmelly's Avatar
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    Default Re: Speaking of stores that are closing...

    They already closed the KB Toys, Linens n Things, and Steve and Berry stores where I live. There was a rumor about our Dillards too. I hope they don't close though.

  5. #5
    Moderator/Blogger VivaLaJuicy's Avatar
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    Default Re: Speaking of stores that are closing...

    I feel bad for the stores employees...

  6. #6
    Moderator and Blogger boysRsmelly's Avatar
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    Default Re: Speaking of stores that are closing...

    Quote Originally Posted by VivaLaJuicy View Post
    I feel bad for the stores employees...
    I worked at a store right after I graduated from high school and it closed. They didn't even tell us that the store was going to be closing either. We had to find out from the newspaper. It sucked, but at least we could dress however we wanted after that since it really didn't matter anymore. LOL! Plus when I went job hunting, there was a sympathy factor there.

  7. #7
    Totally Purse Obsessed
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    Default Re: Speaking of stores that are closing...

    That is just so disturbing. I really feel for the people who are going to lose their jobs.

  8. #8
    Totally Purse Obsessed Arianne12's Avatar
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    Default Re: Speaking of stores that are closing...

    This is really scary. People losing their jobs = can't meet their mortgage repayments and credit repayments = foreclosures and reposessions and companies losing more money which leads to people losing their jobs.

  9. #9
    \(^.^)/ Jennifer's Avatar
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    Default Re: Speaking of stores that are closing...

    I'm not surprised at all, although it is incredibly sad - I feel bad for the people who are going to be laid off.

  10. #10
    Rising Bag Star balihai88's Avatar
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    Default Re: Speaking of stores that are closing...

    Wow, I hadn't realized there were this many....

  11. #11
    Official Bagista Jiezell's Avatar
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    Default Re: Speaking of stores that are closing...

    That is a ton of stores. I never realized that so many were closing! This is scary.

  12. #12
    nicole iheartmjnicole's Avatar
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    Default Re: Speaking of stores that are closing...

    That's pretty scary. I heard about Circuit city. What are PacSun demo stores? My boyfriend gets like all his clothes from there lol!

  13. #13
    &&VICT0RiA R0SE 0N tBF:]] GirlGoneJuicy's Avatar
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    Default Re: Speaking of stores that are closing...

    This is so true. My Uncle who works for Sprint for years now just got laid off a couple of months ago. He didn't tell nobody and he kinda fell into a depression. During his depression he lost his car, house, and well pretty much everything. He is living with a friend and just recently got a temp. job. My mom and other sisters have been helping him out as he came down [from Dallas] to get his mind off things.

    I feel for those people who are going to get laid off. Losing your job is hard. let alone having nothing.

  14. #14
    Official Bagista
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    Default Re: Speaking of stores that are closing...

    Just imagine how it will be if General Motors goes under. Think of the millions of people that will lose their jobs then! It's got such a big trickle down it's not even funny. Government is projecting 10% unemployment by 2010 - so it will probably be a lot higher than that!

    Scary times...but it's gotta get worse before it can get better.

  15. #15
    Moderator and Blogger boysRsmelly's Avatar
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    Default Re: Speaking of stores that are closing...

    Quote Originally Posted by NashvilleDiva_83 View Post
    Just imagine how it will be if General Motors goes under. Think of the millions of people that will lose their jobs then! It's got such a big trickle down it's not even funny. Government is projecting 10% unemployment by 2010 - so it will probably be a lot higher than that!

    Scary times...but it's gotta get worse before it can get better.
    I think if General Motors goes under then it will be the company's own fault. The dumbies kept pushing overly expensive SUVs that did nothing but consume gas. Americans started buying less expensive foreign cars that got better gas mileage. It's sad really because the company pretty much screwed all of its employees.

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