What? Me Worry?

How’s the future of retail look?
The following stores informed the Security Exchange of closing plans between October 2008 and January 2009.
- Circuit City stores
- Ann Taylor- 117 stores nationwide are to be shuttered
- Lane Bryant, Fashion Bug, and Catherine’s to close 150 store nationwide
- Eddie Bauer to close stores 27 stores and more after January
- Cache will close all stores
- Talbots closing down all stores
- J. Jill closing all stores
- GAP closing 85 stores
- Footlocker closing 140 stores more to close after January
- Wickes Furniture closing down
- Levitz closing down remaining stores
- Bombay closing remaining stores
- Zales closing down 82 stores and 105 after January.
- Whitehall closing all stores
- Piercing Pagoda closing all stores
- Disney closing 98 stores and will close more after January.
- Home Depot closing 15 stores 1 in NJ (New Brunswick)
- Macys to close 9 stores after January
- Linens and Things closing all stores
- Movie Galley closing all stores
- Pacific Sunware closing stores
- Pep Boys closing 33 stores
- Sprint/ Nextel closing 133 stores
- JC Penney closing a number of stores after January
- Ethan Allen closing down 12 stores.
- Wilson Leather closing down all stores
- Sharper Image closing down all stores
- KB Toys closing 356 stores
- Lowe’s to close down some stores
- Dillard’s to close some stores.
Add all that to the U.S. automakers, the financial institutions and the airlines all in crisis.
I wonder how our Canadian stores will fare…
photo credit: Steve Crane
December 8th, 2008 at 4:50 pm
CLEVELAND – Saks Fifth Avenue is the latest big retail chain to announce serious losses, and on Tuesday the CEO said people are not in the mood to shop. Macy’s, Gap, Target, Nordstroms and Kohl’s all reported feeling the pinch, and one
December 9th, 2008 at 10:05 pm
Little was accomplished at the much-hyped summit of world leaders last week besides passing the buck to incoming president Barack Obama. With coordination between leading economies effectively on hold during the American presidential