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Retail bankruptcies across the US

Posted by Charlie Kilo on July 7th, 2008

In his latest newsletter, The World Affairs Breif, Joel Skousen outlines the following retail closures and bankruptcies across the US:

1. Ann Taylor is closing 117 stores.

2. Eddie Bauer to close more stores after having already closed 27 shops in the first quarter.

3. Cache, the women’s retailer announced that it is closing 20 to 23 stores this year.

4. Lane Bryant, Fashion Bug, and Catherines are closing 150 stores nationwide.

5. J. Talbots announced earlier that it is shuttering all 78 of its kids and men’s stores. Now the company says it will close another 22 under-performing stores.

6. Gap Inc. is closing 85 stores - In addition to its namesake chain, Gap also owns Old Navy and Banana Republic.

7. Foot Locker will close 140 stores -

8. Wickes, a 37-year-old retailer, filed for bankruptcy protection last month, and is closing all stores.

9. Levitz, the furniture retailer, is going out of business.

10. The owner of Zales and Piercing Pagoda said it plans to close 82 stores by July 31.

11. Disney Store’s new owner has reserved the right to close 98 stores.

12. Home Depot. Nearly 7+ months after its chief executive said there were no plans to cut the number of its core retail stores, The Home Depot announced Thursday that it is shuttering 15 of them. It is the first time the world’s largest home improvement store chain has ever closed a flagship store [Atlanta] for performance reasons.

13. CompUSA is closing 128 stores.

14. Macy’s - 9 stores -

15. Movie Gallery - 160 stores as part of a reorganization plan to exit bankruptcy

16. Pep Boys - 33 stores

17. Sprint Nextel - closing 125 retail locations. Amid the loss of 639,000 paying 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.

18. J. C. Penney, Lowe’s and Office Depot are scaling back

19. Ethan Allen Interiors announced plans to close 12 of 300+ stores in an effort to cut costs.

20. Wilsons the Leather Experts - 158 stores

21. Pacific Sunwear will close its 154 Demo stores

22. Sharper Image: The company recently filed for bankruptcy protection. 90 of its 184 stores are closing.

23. Bombay Company: The company unveiled plans to close all 384 U.S.-based Bombay Company stores.

24. KB Toys posted a list of 356 stores that it is closing around the United States as part of its bankruptcy

25. Dillard’s said it will continue to focus on closing under-performing stores, and reducing expenses.

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