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Edmond, Oklahoma
Money Saving Mom helping you fight the rising costs of the economy by changing the way you shop along with frugal tips.


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Thursday, July 31, 2008

Stores are closing their doors

With the economy at a low many stores are closing their doors!!! Check out the list below:

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, 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 the 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 plan ned 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.

ZalesPiercing Pagoda closing stores
The owner of Zales and Piercing Pagoda previously said it plans to 
close 82 st ores by July 31. Today, it announced that it is closing 
another 23 underperforming stores. The company said it's n ot pro 
viding 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 c ore 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 
underperforming U.S.stores being closed represent les! s than 1 
percent of its existing sto res. 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.
http://www.news.com/8301-10784_3-9834177-7html
<http://www.news.com/8301-10784_3-9834177-7.html>

Macy's - 9 stores

Movie Gallery - 160 stores as part of reorganization plan to exit
bankruptcyThe 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 - 153 Demo stores

Pep Boys - 33 stores

Sprint Nextel - 125 retail locations New Sprint Nextel CEO Dan Hesse 
appears to have inherited a company bleeding subsc ribers 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 
underperforming Demo stores closed last May.

Sharper Image: The company recently filed for bankruptcy protection 
and an nounced 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: (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.

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

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.

 

4 comments:

Beverly Dillow said...

I found your blog through the site that designed your blog background. We go to Edmond on a regular basis, so it caught my eye that your were from Edmond.

All the store closings are amazing. Sounds like a lot, sort of scary.

Love your blog and I will visit often.

Thanks,

Beverly

The Consumer Queen said...

Thanks Beverly for the comment! You can also check out the message boards on my website where alot of edmond people chat ! www.consumerqueen.com

Tara said...

I just found your blog! Thanks for this info--any idea how we know which stores are closing, or has that not been announced yet?

The Consumer Queen said...

I don't think it has been announced yet but you may be able to call the stores and see? I am so glad you foun my blog. Hope you will tell your friends! :)
www.consumerqueen.com