Shops closing
Introduction – Many companies have declared bankruptcy, and thousands of stores across the United States closed its doors and liquidate their merchandise. There follows a list of strings of retail and scope of its closure in 2009.
Payless
In this quarter, 33 stores have closed and the company announced that in fiscal year 2009, 143 more are planned to close
Zales
In the last quarter only 118 have been closed and 191 stores in fiscal 2009, of which 160 were the shops and the remaining 31 were kiosks.
Blockbuster Video
Blockbuster announced in May that almost 20% in stores before 2011, which is between 810 and 960 stores.
Smith & Hawken
All shops are closed
Crabtree & Evelyn
The company declared bankruptcy and announced which closed the stores in the close future.
Big 10 Tires
It filed for bankruptcy and have asked to be released from their contracts leases of 32 stores.
Bank of America
The number of branches should decrease by 10%
Citigroup
The number of outlets will be reduced and limited to major metropolitan areas of the United States
Pacsun
40 of its 916 stores will close
Bulgari
The shops have closed in Florida, Colorado and New York, including its store on Madison Avenue.
Sears and Kmart
28 more stores will close in 2009, besides many that have already closed.
Samsonite
The company filed Chapter 11 bankruptcy and will close 83 of 173 stores.
Waldenbooks
The library is part of the borders and reduce its store by about 80%, from about 300 stores 50 or 60 years.
Jo-Ann Stores
The company is reorganizing and plans to open 20 new stores during the closure of 30 stores.
Rite Aid
The company said it will close 117 stores over the coming months.
J. Jill
Property of Talbot, about 75 shops will close and the rest was sold to private owners.
Jones Apparel
The first quarter earnings have dropped by 98%. In response, which will be closed by 20% stores, close to 225 stores.
Whataburger
This year, 12 restaurants in Florida have closed because of poor sales.
Advanced Auto Parts
The company announced that 55 stores are profitable and will to close 40 of them.
Advance America Cash Advance Centers
60 centers have closed and 130 more are set to close
Ruehl eBay
Owned by Abercrombie & Fitch, the 29 stores will be closed.
Boater's World
The parent company, Ritz Camera Centers suffered severe losses due to the transition to digital photography and will be forced to close all 129 stores Crew World Ship
General Motors
There are no contracts with auto dealers will be renewed
Chrysler
25% of traders have closed in the United States.
Pier 1 Imports
The company reported up to 80 stores close in the coming months
Starbucks
900 stores in the U.S. are closing, most of which are very recent.
Ann Taylor
163, will close at the end of FY 2010
Macy's
11 stores closing after losing $ 30 million in 2008.
Home Depot EXPO Design Centers
All 34 schools will close
Circuit City
All shops were closed and the company filed bankruptcy
American Greetings
14% of the 415 shops, 60 stores will close
Ruby Tuesday
70 sites to close
Sportsman's Warehouse
The stores are located in 29 states. It was announced that 23 stores will close and 15 will be sold.
Iridessa
The parent company of Tiffany & Co. will close all 16 stores Iridessa who have suffered losses due to weaker sales.
Fortunoff
The store on Fifth Avenue and the 57th Street store closed its doors and liquidate its inventory.
Phillips-Van Heusen
This is the owner of Calvin Klein, Izod, Van Heusen and clothing. It announced it would close 175 stores, reducing its storage capacity and reduce other costs, such As marketing and travel.
Yankee Candle
28 stores are closed.
Virgin Megastore
All stores in the United States have closed their doors
Supervalu Cub Food
50 grocery stores that Supervalu will close. The channels include the owner of the shop n 'Save Albertson's, Star Shaw's, Cub Foods
Goody's Family Clothing
Goody is the filing for Chapter 11 bankruptcy and liquidation of its 282 stores.
Sweetbay Supermarkets
7 shops are profitable
World Market
Cost Plus Parent Company has decided to close 26 of the sellers market and global markets leaves 8.
Oneida
20 points store sales in North America are closing
S & K prestigious brands
The company filed for Chapter 11 bankruptcy and began liquidating assets in 30 stores and close them in the coming reorganization.
Famous Footwear
30 of 35 stores closed their doors in 2009
Claire
119 stores have closed their doors
Plastinina
The company provided stock in 2009 and close all U.S. stores.
Whole Foods and Wild Oats
13 stores were sold, of which 12 Wild Oats stores and 1 is a Whole Foods store.
Bealls
12 shops selling close to 500.
Gap
100 stores and closed 50 new stores open
Sam's Club in Canada
All stores Sam's Club Canada are being closed with a loss of 1200 jobs
Bassett Furniture
8.10 shops are scheduled to close in 2009
Gallery Z
25 of 77 stores closed their doors in 2009
Jimmy'z
Aeropostale Inc. The parent company closed 11 stores in the concept Jimmy'z.
Bruno
Bruno is a grocery store located in Alabama and Florida, and announced that Bruno 4 stores will close six stores with WFP.
Filene's Basement
The company filed for Chapter 11 bankruptcy and all shops are closed.
New York and Company
Management 310 positions are eliminated and will close 50 stores over the next 5 years
Chico
Up to 25 stores will close
Snyder Drug Stores
19 of 47 stores will close
Best bed linen
The company filed for bankruptcy under Chapter 11 and 11 of the 21 shops are closed.
Gottschalks
Ran for Chapter 11 bankruptcy and its 58 stores be settled
Costco Home Store
2 Costco stores to decorate the house closes.
Ritz Camera
300 of its stores nationwide will close, about 43% of its total workforce.
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About the Author
Aurelia Masterson writes for http://www.panamalaw.org
PNC Presentation Pt.2