This may be a serious problem this year - if these stores are in your area - it might pay not to buy their gift cards - but a generic AMEX or Visa card to give as a gift.If you have gift cards for any of these stores you may want to use them very soon.
Clark Howard, the consumer reporter, suggests not giving gift cards at all this year. If the business goes under, the card will be no good and that will just be money down the drain. For example, Linen's & Things is now owned by their liquidator and WILL NOT accept Linen's & Things gift cards.
Ann Taylor closing 117 stores nationwide A company spokeswoman saidthe company hasn't revealed which stores will be shuttered. It will letthe 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 own s. 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 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 is
go ing 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 .
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 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 Pl ace 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 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
underperforming U.S. store s being closed represent less than 1 percent
of its existing stores. 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.
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Macy's - 9 stores.
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 - 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 subscribers by the
thousands, and will now officially be dropping the ax on 4,000 e
mployees 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 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 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.
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.
Add Circuit City, Rite Aid, Linen's & Things that are all in bankrupcy.
Pokemon
AlexKim
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