Just in time for the holidays

[upsbroker06]

We all know the economy is struggling. This is a list of stores closing some or all its stores in the near future that I received.

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.

Lane Bryant, Fashion Bug, Catherine's The country’s largest retailer of plus-size women’s apparel, Charming Shoppes, Inc. says its round of store closures and layoffs is “in response to the continuing weak retail and economic environment.” The corporate parent of Lane Bryant and Catherine’s stores will close 150 stores, lay off 150 employees (13% of its management staff), and trim the amount of stores it will open in fiscal 2009.

Talbots, J. Jill The Talbots Inc. announced it has slowed its growth plans for this year and will close about 20 underperforming Talbots brand stores in light of the economic challenges to the company. The news comes on the heels of Talbots' previous announcement that it will shut 78 Talbots kids and men's stores.

Linens n’ Things Bankrupt home furnishings retailer Linens 'n Things' disclosed that it plans to dispose of 120 locations this year. Linens Holding Corp. announced it had hired DJM Realty, LLC, a New York-based real estate consulting firm, to dispose of its under-performing stores located in 31 states. Also, the Clifton, N.J.-based chain telegraphed it was preparing to shutter as many as 80 more of its 589 stores in the near future.

Goody's Family Clothing Knoxville-based Goody's Family Clothing Inc. will close 18 underperforming stores in June. "There are some stores that are closing as part of the continual evaluation process we have to determine profitability," Alm said. "It is an effort to make the chain healthier overall."

Gap Inc. Gap Inc. said it plans to close about 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 Specialist retailer Foot Locker is planning more store closures after reporting a 23% nosedive in profits during the fourth quarter. Foot Locker Inc. plans to close 30 to 40 more stores than originally planned. In March, the company said it plans to shutter 140 stores for fiscal 2008. During the first half of the year, the company closed 97 stores. Seventeen of those were part of a program initiated last year to accelerate the closing of unproductive stores.

Wickes 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.

Zales, Piercing Pagoda The owner of Zales and Piercing Pagoda previously said it plans to close 82 stores by July 31, announced that it is closing another 23 underperforming stores. The company said it's not pro viding a list of specific store closures. Of the 105 locations planned for closure, 50 are kiosks and 55 are stores.

Disney Store 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 The Home Depot Inc. announced that it is shuttering 15 stores amid a slumping U.S. economy and housing market. It is also removing 50 stores from our new store pipeline. 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 represents less than 1 percent of its existing stores. They will be shuttered within the next two months.

Movie Gallery - announced that it plans to close approximately 160 underperforming Movie Gallery and Hollywood Video stores in
its third and final round of store closures. 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 - Pacific Sunwear of California Inc., the surfing-inspired teen clothing retailer, said on Friday that it would close its struggling chain of 154 demo stores "as soon as is practical" and take a charge of up to $50 million.

Sprint Nextel - The company expects to eliminate more than 4,000 third-party distribution points and to close approximately 125, or eight percent, of its company-owned retail locations. According to Sprint, continued downward pressure on subscriber trends, revenues and profitability are expected this year, and as a result the company is cutting 4,000 internal positions and reducing utilization of outsourced services and contractors.

Wilsons the Leather Experts - Wilsons the Leather Experts Inc. will close the majority of its 260 mall locations and cut more than 1,000 jobs, the clothing retailer said Friday. Wilsons Leather is the leading specialty retailer of leather outerwear, accessories and apparel in the United States. As of Jan. 5, 2008, Wilsons Leather operated 411 stores located in 45 states, including 278 mall stores, 119 outlet stores and 14 airport stores.

Pacific Sunwear will close its 154 Demo stores after a review of strategic alternatives for the urban-apparel brand. Seventy-four underperforming 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.

Bombay Company: The company unveiled plans to close all 384 U.S.-based Bombay Company stores. The company's online storefront has discontinued operations.

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.

[hockeyjunkie99]

I may have missed it but Circuit City is going to be closing some of its stores in non-competing areas.

[fm8418]

yea and all the good stuff will be moved to other CC stores

[pduce]

Originally Posted by hockeyjunkie99

I may have missed it but Circuit City is going to be closing some of its stores in non-competing areas.

160 stores, which equated to 8,000 employees.

[stumpfreeman]

That defianately sucks if you work at one of those stores. But as I was reading the list I couldn't help but think that 80% of the stores listed were the kind of stores I walk by in the mall thinking, "what is the point of going into that store?". Alot of them are overpriced narrow market stores.

[danimal]

Originally Posted by stumpfreeman

That defianately sucks if you work at one of those stores. But as I was reading the list I couldn't help but think that 80% of the stores listed were the kind of stores I walk by in the mall thinking, "what is the point of going into that store?". Alot of them are overpriced narrow market stores.

I was thinking the exact same thing. In fact I have gone into Circuit City twice in my entire life, and both times they did not have what I was looking for, so I went and spent my money at Best Buy.

[DieHardCowboyFan33]

Yea the circuit city in my area is closin down 2

[mrhuffman85]

The one around me area is also closing.