Store Closings And Layoffs Use Your Gift Cards

[bigfrank Administrator Find all posts View Profile Close bigfrank]

> STORE CLOSINGS AND LAYOFFS
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> If you have gift cards for these stores, hurry up and use them!!
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> 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 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, 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.
>
> 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
> 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 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.stores
> 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.
> http://www.news.com/8301-10784_3-9834177-7html
>
>
> 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 subscribers
> 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 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: (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.
>

[falmouth3 Senior Member Find all posts View Profile Close falmouth3]

Wow. That's quite the list. And I can't imagine that things are going to get better anytime soon.

Sue

[shaggy Moderator Find all posts View Profile Close shaggy]

It's a sad time in American. Didn't they say we were not in a recession? shaggy

[vintner Super Moderator Find all posts View Profile Close vintner]

It's a sad time in American. Didn't they say we were not in a recession? shaggy

Shoot, I was going to say that

Stores closing...officially in a bear stock market...price of oil and gas going up...layoffs...less cash...I think we can call that recession.

[SCARPS Member Find all posts View Profile Close SCARPS]

It's a sad time in American. Didn't they say we were not in a recession? shaggy

I happened to catch Kudlow (CNBC) last night and got the impression that he didn't think the economy was is rough shape. Sometimes i wonder what planet these guys are broadcasting from. ... Ray

[arlene22 Senior Member Find all posts View Profile Close arlene22]

In the downtown where I live, we have had our Bombay and KB Toys close. I sure hope we don't lose our Gap, Gap Kids, Ann Taylor, or Talbots. Oddly enoough, Office Depot is slated to take over the spot where the KB Toys was. Hope that doesn't fall through...I'm looking into my crystal ball and seeing my property taxes going up, up, up...

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

The Sharper Image stopped accepting its own gift cards long before they closed their stores....amazing to me how they could do that.

[vintner Super Moderator Find all posts View Profile Close vintner]

The Sharper Image stopped accepting its own gift cards long before they closed their stores....amazing to me how they could do that.

They would accept the cards...but only mail order and at a cost. You had to use the whole card and order minimum of twice the value.

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

The Sharper Image all locations closing sale 40 to 60% off

The Sharper Image

[Lilliana Member Find all posts View Profile Close Lilliana]

Wow I can't believe it, all those stores and we're NOT in a recession, I just can't imagine what it will be like when we finally are in one...?

[abc31 Senior Member Find all posts View Profile Close abc31]

Thank you so much for your post! I have a $500 Ann Taylor gift card that my husband bought me that I've been saving until I lose some weight.

It is so sad that our economy is in this kind of shape. It is very obvious here in Eastern Long Island that there is a recession. There aren't a lot of big companies out here. Most of the people I know are small business owners. Everyone I talk to is having difficulty now. I can't remember a time when things have been this bad.

[jericap Super Moderator Find all posts View Profile Close jericap]

Here's an updated list and a reminder about gift cards:

Be aware in purchasing STORE BRAND gift cards for the holidays with stores closing!
May I make the recommendation that you be careful of buying store brand gift cards for holidays. Things are closing rapidly. Note on the list below is Linens & Things, which is under liquidation and closing all stores by year end.

Ann Taylor closing 117 stores nationwide. A company spokeswoman said the company hasn't revealed which stores will be shut. It will notify stores over the next month about which ones will close this fiscal year.

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. Womans 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 under-performing 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 closing all 78 of its kids and men's stores. Now the company says it will close another 22 under-performing 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 BananaRepublic .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 which stores are closing - all planned in fiscal 2008. The company could not be immediately reached for comment.

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.

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 under-performing 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 TheChildren'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. - 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 closing 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 less than 1 percent of its existing stores. They will be closed 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-partyprovider, 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.

Macy's - Closing 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.

Sprint Nextel - Closing 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 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 - Closing 158 stores

Pacific Sunwear will close its 154 Demo stores after a review of strategic alternatives for the urban-apparel brand. Seventy-four under-performing 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.

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 under-performing 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 under-performing stores this year.

Jasmine Sola- Stores Closing: 23 Why? According to the Boston Herald, New York & Co. is shutting its chain of 23 Jasmine Sola upscale women's clothing stores that got its start in Harvard Square in 1970. The decision follows a battle over sexual misconduct charges at the company.

Big Dollar Stores Closing: 10 Why? The 21-year-old discount chain based in Minnesota finds times too tough to sell even dollar buys, despite the conventional wisdom that people shop at these stores more in bad economic climates. The costs of goods and fuel are just too expensive, and customers are cutting back.

Kirkland's Stores Closing: 30 to 130 Why? Management of the national home-decor chain told analysts it intends to close 30 underperforming stores during the fourth quarter, which ended in January. It is considering closing even more stores (up to 100) in the next 18 months, saying it wants to focus on stores not based in malls.

The Saks Fifth Avenue store in the Galleria Mall in Fort Lauderdale is the only one of 54 on the sales rack in this round of cutbacks – the company hasn't shed stores since it closed eight in 2004.

Movie Gallery Stores Closing: 400 of 3,500 Why? The video rental company said it plans to close 400 Movie Gallery and Hollywood Video stores in addition to the 520 locations the bankrupt video rental chain closed last fall. Movie Gallery said the company will work with customers to try to transfer accounts to nearby locations.

Rite Aid Stores Closing: 28 Why? The drugstore chain announced in January that it was exiting the Las Vegas, Nev. market because the stores there had not been contributing to overall results. The company hasn't opened a new store in the Las Vegas area since 1999.

Pep Boys Stores Closing: 31 Why? The auto parts company laid off 550 employees as it shut down stores in November as part of a five-year strategic plan that will include a change in its mix of automotive products and adding "smaller neighborhood service shops."

Dell Stores Closing: 140 Why? Dell keeps losing market share to As Hewlett-Packard -- it has slipped into second place in PC sales behind HP -- so the company that pioneered direct sales is turning away from the strategy and refocusing its efforts on sales in big box stores, so the mall kiosks had to go.

Pier 1 Imports Stores Closing: 25 Why? After shedding 79 stores in 2007, sales are still declining. So the furniture and home accessory specialist is planning another cut back – this time closing just 25 more stores and selling its corporate headquarters.

Lonestar Steakhouse Closing: 27 Why? Slow sales and rising utilities costs put the crunch on these peanut-loving restaurants, especially in Florida where the company closed seven out of eight locations, which had been performing poorly since the 2004-2005 hurricane season.

[longtimer Senior Member Find all posts View Profile Close longtimer]

Thanks for the heads up. We always get a lot of gift cards at Christmas and save them to make purchases throughout the year. We'll make sure to use them right away. It's amazing there are so many stores closing. While "only the strong survive" that could mean a near monopoly for some types of stores. Then they could raise their prices as much as they want.

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

Mervyns closes all stores

California retail chain, which filed chapter 11 in July, says it will shutter its 149 remaining stores and liquidate $900 million in going out of business sale.

October 31, 2008: 8:22 AM ET


HAYWARD, Calif. (AP) -- Regional department-store chain Mervyns LLC said Friday it will close its remaining 149 stores and will hold going-out-of-businesses sales beginning Saturday.

The company, which primarily operates in California and the Southwest, said the sales will be conducted by a joint venture group of Great American Group LLC, SB Capital Group LLC, Tiger Capital Group LLC and Hudson Capital Partners LLC. The sales are expected to last eight weeks with some stores closing sooner.

Inventory valued at about $900 million will be liquidated "to the bare walls," the company said.

Mervyns, which opened its first store in San Lorenzo, Calif., in 1949, filed for Chapter 11 bankruptcy protection in July.

Mervyns also said it received court approval to pay its employees for their accrued vacation time once it repays its debtor-in-possession financing. DIP financing allows a company to operate while it is going through bankruptcy proceedings.

The company expects to pay back that loan by early December.

Mervyns to close remaining stores - Oct. 31, 2008

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

Starbucks Coffee Company Full List of U.S. Store Closures