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Retail Stores Closing Doors
Wallet Pop ^ | 7-8-2010

Posted on 07/07/2010 9:24:50 PM PDT by My Favorite Headache

Bookmark and Share Retail Stores Closing Doors Our Latest Roundup for 2010

Announcements continue to roll in from retailers that have decided to close stores, slow expansion plans or cease operations altogether. From Christopher & Banks to the ESPN Zone, we update our ongoing roundup with the latest news from 2010. Read on to see which retailers are closing (at least some) of their doors. Are any of these your favorites? ESPN ZONE Announced: June 16, 2010 Walt Disney Co. closed its ESPN Zone restaurants in New York; Baltimore; Washington, DC; Las Vegas; and Chicago. With about 150 employees per ESPN Zone location, the closures leave approximately 1,000 workers jobless. Additionally, approximately 200,000 square feet in retail space is about to hit the market, according to CoStar information. Disney blamed the poor economy for the closures.

MOVADO Announced: May 28, 2010 The Chicago Tribune reports that Movado Group Inc., the Swiss watchmaker and jeweler, plans to close its money-losing retail division by the end of June in a move to turn around the company. It will close all 27 U.S. stores. The company said it doesn't intend to run any store closing or liquidation sales, a move to protect its brand name.

DOLLAR STORE Announced: May 8, 2010 A 37-store network of Dollar Store outlets in Washington and Oregon announced they will be closing, just weeks after the parent company filed for bankruptcy in late March.

KENNETH COLE Announced: May 5, 2010 In its May 5th earnings call, Kenneth Cole CFO David Edelman noted that it closed three stores since the beginning of the year and expects to close a total of five to 10 stores by year-end.

MOVIE GALLERY / HOLLYWOOD VIDEO / GAME CRAZY Announced: April 30, 2010 During a company-wide conference call on April 30, it was announced that all U.S. Hollywood Video, Movie Gallery, and Game Crazy stores would begin the liquidation process in May 2010. Stores will stay open for up to six weeks after liquidation begins. The fate of the company's Canadian stores was sealed on June 8, 2010, as they also entered liquidation. This is an update from Movie Gallery's February bankruptcy announcement where it originally said they were not going out of business.

FUDDRUCKERS Announced: April 26, 2010 Magic Brands, owner of Fuddruckers, said it will use a Chapter 11 bankruptcy “to terminate certain Fuddruckers leases and will close 24 corporate-owned Fuddruckers restaurants by April 30, 2010."

CHRISTOPHER & BANKS Announced: April 15, 2010 Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women’s clothing. As of April 15, 2010, the Company operates 799 stores in 46 states. The company currently plans to open approximately 10 new stores and close 25 existing stores in fiscal 2011.

KROGER LITTLE CLINICS Announced: April 8, 2010 The Kroger Co. is closing 20 in-store medical clinics operated by The Little Clinic chain, and plans to revamp the business model for the convenient care chain in which it made an $86 million investment in 2008.

CHARMING SHOPPES Announced: March 30, 2010 Charming Shoppes, Inc., the plus-size specialty retailer with up to 2,121 stores nationwide -- including Lane Bryant, Fashion Bug, and Catherines chains -- announced plans that it would close 100 to 120 of its branches in fiscal 2010.

SWOOZIES Announced: March 30, 2010 The Atlanta-based retailer of greeting cards and gifts is closing all 43 stores. In March, Hilco purchased the company's retail and other assets in a bankruptcy court-approved auction for $7.4 million. Everything in the stores, according to bankruptcy court filings posted Tuesday, will be liquidated.

SUPERVALU SHEDS BIGG'S Announced: March 29, 2010 According to CoStar Retail Group, SuperValu is divesting itself of the bigg's grocery store line, closing five underperforming locations and selling the rest to Remke Markets. The supermarket owner said in a statement that it would close four stores in a Ohio and one in Kentucky. Remke is set to acquire the remaining six bigg's stores. The divestiture is SuperValu's second in 2010. The company recently announced the sale of its Shaw's locations in Connecticut.

HIBBETT SPORTS Announced: March 15, 2010 A leading sporting goods company in the U.S., the company said it anticipates opening 30 new stores during fiscal 2011, expanding 20 high performing stores and closing about 10-15 underperforming stores.

CRICKET WIRELESS Announced: March 2010 According to a San Diego Business Journal report, Leap Wireless cut 180 jobs and shuttered 27 Cricket stores nationwide. The flat-rate carrier said the restructuring reflects its changing priorities for the year. Leap spokesman Greg Lund told FierceWireless that 90 of the job cuts were corporate positions and 90 were "field positions." Leap has around 4,200 total corporate employees and now has 242 company-owned stores.

84 LUMBER Announced: March 15, 2010 84 Lumber, the industry’s largest privately held chain of lumberyards, closed 10 stores in 10 states on March 15 due to declining housing starts. The Eighty Four, Pa.-based company now operates 289 stores in 34 states, with 2009 revenues of $1.35 billion. In 2008, the company posted sales of $2.1 billion with 335 locations. STORE CLOSINGS FROM OUR PREVIOUS ROUNDUP ANN TAYLOR Announced: March 12, 2010 In a March 2010 press release, Ann Taylor updated expectations related to the store closure component of its strategic restructuring program. Under the program, the Company closed 60 stores in fiscal 2008, 42 stores in fiscal 2009, and expects to close approximately 72 stores in fiscal 2010, for a total of approximately 174 store closures under the 3-year program. Of these, approximately half are expected to be Ann Taylor stores and half are expected to be LOFT stores.

BLOCKBUSTER Announced: February 24, 2010 For the full year of 2010, Blockbuster expects to close a range of 500 to 545 underperforming domestic company-owned stores. Of these, Blockbuster has already closed 253 stores in January 2010 and has identified approximately 150 other stores that are expected to be closed in April 2010. The Company then expects to close approximately 75 to 125 more stores throughout the remaining portion of 2010

JONES APPAREL Announced: February 10, 2010 Jones Apparel plans on closing 165 of its specialty retail stores in 2010. While the company declined to say which of its stores would be closed, they indicated that the mall-based retail locations would be closed to allow increased focus on their outlet stores. In 2009, Jones Apparel closed 100 mall-based retail stores which has produced positive results for the parent company of Nine West, Anne Klein, Bandolino and Easy Spirit.

WALDENBOOKS Announced: January 18, 2010 In a January press release about disappointing holiday sales, Borders Group, Inc. reiterated its decision to close 182 Waldenbooks Specialty Retail stores. According to CoStar's Retail News Roundup, Borders has been "whittling down its Waldenbooks chain since 2001, closing an average of 66 stores per year through 2007. In 2008, 112 stores were closed."

FOOT LOCKER Announced: March 3, 2010 In 2010, Foot Locker plans to consolidate its Foot Locker, Lady Foot Locker, Kid Foot Locker and Footaction operations under one management structure. As part of this initiative, it closed 106 underproductive stores during the first quarter and eliminated 120 corporate positions. The company also closed 179 stores in 2009.

MOVIE GALLERY Announced: February 2, 2010 Movie Gallery filed for Chapter 11 bankruptcy in February. While not going out of business, the restructuring called for the immediate liquidation and closure of approximately 760 stores. After these initial closings, the company operates 1,906 stores in the U.S., including 1,111 Movie Gallery, 545 Hollywood Video and 250 Game Crazy locations. The company anticipates additional store closings during the Chapter 11 process.

JO-ANN STORES Announced: March, 10 2010 The company expects to open approximately 30 new stores and close approximately 30 stores in fiscal 2011.

HOME DEPOT Announced: January 26, 2010 Due to the recession and lingering housing crisis, Home Depot announced it would lay off 1,000 employees company-wide. In addition, it decided to close three pilot stores: a clearance center in Austell, Ga., a hurricane recovery store in Waveland, Miss. and a small-format store in Wilson, N.C. The company said there were no plans to close any of the chain's flagship "orange box" stores. It remains the largest home improvement store in the U.S. with 1,976 stores.

THE WALKING COMPANY Announced: February 2, 2010 The Walking Company filed a reorganization plan under which the company intends to keep 207 of its 214 current store locations open. This was a turnaround from its original plan, announced in Dec. 2009, to close 90 of its underperforming locations.

CRABTREE & EVELYN Announced: January 14, 2010 The skin-care products company filed for bankruptcy in July 2009. But, according to the BNET Retail Blog, Crabtree & Evelyn will actually emerge from the bankruptcy -- something that is unusual in the retail arena. In the end, the company will only need to close 35 of its 126 stores.

ALBERTSONS Announced: January 25, 2010 Boise, ID-based Albertsons LLC is in the process of closing 11 underperforming stores. Specifically, the grocery retailer is closing eight stores in Florida, as well as three stores in Colorado. This latest round of closures will leave Albertsons with 22 stores in Colorado and 20 in Florida; as well as more than 180 stores in Arizona, Arkansas, Louisiana, New Mexico, and Texas. (Note: Albertsons LLC is not affiliated with Supervalu, which operates 463 Albertsons stores.) (Source: CoStar Retail News Roundup)

SAM'S CLUB Announced: January 11, 2010 In January, Bloomberg reported that Wal-Mart Store's Inc. said it was closing 10 "financially underperforming" Sam's Club locations in the U.S. However, the company also said it has plans to add six more stores this year. Wal-Mart operated 605 Sam's Club stores as of Oct. 31, 2009.

DISNEY STORE Announced: February 8, 2010 Disney is in the process of liquidating and shuttering 24 U.S. and 3 Canada Disney Store locations. As of October 2009, there were 340 total locations. The closures are part of an effort to revamp its existing stores to be interactive and more in keeping with the "Magic Kingdom" theme park feel. (Source: CoStar Retail News Roundup) FRENCH CONNECTION Announced: March 15, 2010 The fashion retailer announced that it will close the majority of underperforming stores in the U.S. and sell its Nicole Farhi business as part of a restructuring plan. The total of U.S. stores to be shuttered is numbered at 17, but F.C.U.K. has not released the specific location of those stores.

MEN'S WEARHOUSE Announced: March 10, 2010 In its 4Q 2009 conference call, the company announced that due to geographic overlap caused by its 2006 acquisition of the AfterHours Formalwear chain, the company has identified 145 stores that it would likely close.

AMERICAN EAGLE'S MARTIN +OSA Announced: March 9, 2010 Specialty apparel retailer, American Eagle Outfitters is shuttering its MARTIN + OSA brand, including its 28 stores and online business. The company expects to conclude the liquidation of the MARTIN + OSA stores by the end of this July. The company opened the first MARTIN + OSA stores, which carried sportswear and casual apparel for men and women age 25 to 40, in fall 2006.

WILLIAMS SONOMA Announced: March 11, 2010 Williams Sonoma CFO Sharon McCollam said that the specialty retailer intends to shutter an undisclosed number of stores in large, multi-store markets during the next three years.

MACY'S Announced: January 5, 2010 Macy's said it is closing five stores as part of its ongoing effort to weed out underperforming locations amid opening new ones. Following these store closures, Macy's will operate 849 stores, comprised of 809 Macy's and 40 Bloomingdale's stores.

TRANS WORLD ENTERTAINMENT (F.Y.E.) Announced: January 7, 2010 Trans World Entertainment Corp. continues to whittle down its store fleet. By the end of January, it planned to have closed 161 stores during the prior 12 months. This follows 101 store closures in fiscal 2008. Following this latest closure effort, Trans World would be left with 553 stores. Trans World hit a peak store count of 1,091 in 2006, following its acquisition of Musicland. The majority of Trans World's stores are F.Y.E., but its portfolio also includes Saturday Matinee, Coconuts, Spec's and Wherehouse Music. According to CoStar Tenant, the typical F.Y.E. store is 3,000 square feet and located in an enclosed mall. (Source: CoStar Retail News Roundup)


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: bhoeconomy; closures; economy; obama; retail; stores; unemployment
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With the economy floundering, Sen. Joe Biden, D-Del., told Ohio voters today that he and Sen. Barack Obama, D-Ill., would focus on one specific issue that Sen. John McCain, R-Ariz., has neglected.

“Look, John’s last-minute economic plan does nothing to tackle the number one job facing the middle class, and it happens to be, as Barack says, a three-letter word: jobs. J-O-B-S,” the Democratic veep nominee said at a morning rally in Athens.

1 posted on 07/07/2010 9:24:53 PM PDT by My Favorite Headache
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To: My Favorite Headache

Wait til the unemployment numbers hit next month. A lot of these stores literally just closed their doors 2 weeks ago so their numbers haven’t even been factored into the picture yet.

I don’t see this economy recovering for another 7 to 8 years with the healthcare bill passing...and I am being generous.


2 posted on 07/07/2010 9:29:36 PM PDT by My Favorite Headache (Obama is Dangerclown The Manchild)
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To: My Favorite Headache

Bite Me is going to tell us how great that “Hope and Change” has worked out for everyone.


3 posted on 07/07/2010 9:34:50 PM PDT by wjcsux ("In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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To: My Favorite Headache
McCain will keep pushing for amnesty and consorting with organized crime figures. McCain is apparently as Joe Pesci said in Casino a “degenerate gambler.” Dollar Store is even suffering? You know things are bad then. People voted for this Depression and by watching TV you support the networks who support Obama.
4 posted on 07/07/2010 9:34:57 PM PDT by Frantzie (Democrats = Party of I*lam)
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To: My Favorite Headache

LOL...Home Depot thinks it’s economic woes are due to the recesssion. Keep sponsoring those “gay pride” parades, Home Depot, and for you the recession will be eternal...


5 posted on 07/07/2010 9:35:25 PM PDT by RavenATB
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To: AdmSmith; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; Ernest_at_the_Beach; ...

Thanksk My Favorite Headache.


6 posted on 07/07/2010 9:35:53 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: My Favorite Headache

Unless the GOP romps then gets the guts to demand a copy of the BC then forget about the next decade or two. Long before then the US will be a major toilet.

Blame the idiots who voted for him and support him by watching TV becaus ethe TV networks all support him. And the networks own 95% of all the channels.


7 posted on 07/07/2010 9:37:41 PM PDT by Frantzie (Democrats = Party of I*lam)
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To: My Favorite Headache

The only J.O.B.S.’s Biden and the child King have any experience with is the B.L.O.W. type...


8 posted on 07/07/2010 9:37:56 PM PDT by JDoutrider
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To: RavenATB
Hear, hear! I do my home improvement shopping at Lowe's now. At least until they start sponsoring sodomite pride parades, that is.

Scouts Out! Cavalry Ho!

9 posted on 07/07/2010 9:39:46 PM PDT by wku man (Who says conservatives don't rock? Go to www.myspace.com/rockfromtheright)
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To: My Favorite Headache
Yup. Fudds closed. My wife and I had our first date at Fudds. That was 23 years ago.
10 posted on 07/07/2010 9:39:49 PM PDT by dhs12345
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To: My Favorite Headache

Can’t blame Obama for Blockbuster. I spent a year with them on a management track, and pretty much the day I started I could tell the company was in the process of imploding.


11 posted on 07/07/2010 9:40:12 PM PDT by william clark (Ecclesiastes 10:2)
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To: My Favorite Headache

I think BLOCKBUSTER was going go under regardless of the economy.


12 posted on 07/07/2010 9:40:17 PM PDT by Enterprise (As a disaster unfolds, a putz putts.)
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To: My Favorite Headache

Before we go jumping off bridges, how many of these stores would have closed anyway? I noticed there are several movie rental stores and we all know those are quickly going the way of the dinosaur what with pay per view and quick downloads.


13 posted on 07/07/2010 9:41:28 PM PDT by bgill (how could a young man born here in Kenya, who is not even a native American, become the POTUS)
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To: My Favorite Headache
Click HERE for a good "Near Real Time" indicator on a daily basis of layoffs, Bankruptcy, and closings.

14 posted on 07/07/2010 9:45:13 PM PDT by B-Cause (Don't pick a fight with an old man. If he is too old to fight, he'll just kill you.)
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To: My Favorite Headache

I would give him a pass on the video rentals stores. But must note that JOBS is not a three letter word. And anybody who can mess up a Fuddruckers should be sent to Tijuana to be a dog catcher. Not that I think he would do a good job at it but at least he would be failing in Mexico.


15 posted on 07/07/2010 9:46:51 PM PDT by ThomasThomas (Isn't enough always enough?)
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To: My Favorite Headache

Some of these aren’t a surprise. Foot Locker bought out Footaction and in a lot of places they were basically running two stores carrying the same products in the same mall.

On the video stores, they’re a dying market anyway. Waldenbooks is having the same problem as all the other brick bookstores. Amazon.

The others indicate the weakness of the economy and the hunkering down of the retailers. Several of these chains, such as the Disney Store, sell primarily discretionary products. No surprise that the Highway 84 and the Home Depot are in trouble. Nobody’s building.


16 posted on 07/07/2010 9:47:14 PM PDT by Richard Kimball (We're all criminals. They just haven't figured out what some of us have done yet.)
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To: B-Cause

Awesome...thanks for the link. I will be showing the real time updates on Facebook for all of my liberal relatives to soak up.


17 posted on 07/07/2010 9:50:35 PM PDT by My Favorite Headache (Obama is Dangerclown The Manchild)
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To: My Favorite Headache

Maybe you should have come up with a list? /S


18 posted on 07/07/2010 9:51:07 PM PDT by Vendome (Don't take life so seriously... You'll never live through it.)
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To: Richard Kimball

If you were to do an off the cuff guesstimate...what would you say is the collective number of people laid off here just in these closings?


19 posted on 07/07/2010 9:52:24 PM PDT by My Favorite Headache (Obama is Dangerclown The Manchild)
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To: My Favorite Headache

The interesting thing about closing all these stores is that it actually increases sales in the stores remaining thereby driving up same store sales which is a leading indicator. In reality, total sales have declined but the survivors appear to be thriving. Like what happened when circuit city closed down, Best Buy stores sales increased.


20 posted on 07/07/2010 9:57:22 PM PDT by appeal2 (Don't steal, the government hates competition.)
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To: My Favorite Headache
Most of these aren't a surprise. Chalk it up to another poster posting anything to land in the sidebar(s).
21 posted on 07/07/2010 9:59:44 PM PDT by TomServo
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To: My Favorite Headache

A few thoughts:

-As others have pointed out, the video rental chains were/are likely to go out of business anyway. It’s just a dying industry. The rental kiosks and digital cable on-demand movies pretty much make them obsolete.

-A few of the names look like what I call “trendy mall brand” stores. Places like that tend to be really hot for a while, then fall out of favor (though I continue to pine for my beloved Chess King and its endless supply of skinny 1980s’ ties :-) )

-Waldenbooks is well, Waldenbooks. I genuinely am surprised they’ve lasted this long. Everyone I’ve been to has underwhelmed me. They had an okay selection, but nothing compared to a chain like Borders or Barnes and Nobles.

-All of that said...there are a boatload of major retail places out there bleeding an ocean of red ink. Obamanomics may not be the only problem for some of them, but it sure ain’t helping matters. We’re in the soup, and I’ve got a feeling that we’re not going to see significant improvement in this area of the economy for a good long while.


22 posted on 07/07/2010 10:01:42 PM PDT by DemforBush (Serpentine, Shel! SERPENTINE!)
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To: My Favorite Headache

Immediately after the usurpated election of the Presidency I voiced a thought here that America should just shut down in protest for the travesty.

I had no idea that it would happen.

I also think the view is opposite what most people think, America would rather leave a barren wasteland to Obama, people don’t want to work knowing most of their wages will be taxed for Obamacare.

We will salt the earth for you Obama, you will be the King of Nothing.


23 posted on 07/07/2010 10:02:25 PM PDT by Eye of Unk ("In a time of universal deceit, telling the truth becomes a revolutionary act" G.Orwell)
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To: Richard Kimball
I just cannot thank the internet enough for making the shopping experience so much worse. sure, Amazon has everything, but nothing beats a good browse folowed by a triumphabt march out of the store with the purchased book in hand for reading that same day. Same with movies. Where will the people go to gather when the malls all shut down? Ordering a latte by mail doesn't quite cut it, so that's one bright spot.

And since the Internet is still largely tax free - shouldn't bricks and mortar stores have the same status? Why is the internet given the advantage?

24 posted on 07/07/2010 10:03:52 PM PDT by I am Richard Brandon
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To: My Favorite Headache

More Hope and Change, because in the end, that is all you have!


25 posted on 07/07/2010 10:08:03 PM PDT by Soothesayer9
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To: Eye of Unk
DISNEY STORE Announced: February 8, 2010 Disney is in the process of liquidating and shuttering 24 U.S. and 3 Canada Disney Store locations.... The total of U.S. stores to be shuttered is numbered at 17, but F.C.U.K. has not released the specific location of those stores.

So close, and yet so far (F.U.B.O.)

Cheers!

26 posted on 07/07/2010 10:09:53 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: My Favorite Headache

Great


27 posted on 07/07/2010 10:10:32 PM PDT by B-Cause (Don't pick a fight with an old man. If he is too old to fight, he'll just kill you.)
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To: DemforBush

I think people generally have a much more positive outlook on small businesses than what is reality. Most of the small stores you pass by on the street probably look financially “OK” from the outside, but if you could take a look at their books, it would be quite a different story.


28 posted on 07/07/2010 10:12:06 PM PDT by Soothesayer9
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To: Enterprise
I think BLOCKBUSTER was going go under regardless of the economy.

Yep. Netflix and Redbox killed them.

29 posted on 07/07/2010 10:16:35 PM PDT by Jeff Chandler (Judas Iscariot - the first social justice advocate. John 12:3-6)
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To: wjcsux

>> Bite Me is going to tell us how great that “Hope and Change” has worked out for everyone.

Your Hope has been redistributed. Here’s your Change.


30 posted on 07/07/2010 10:19:54 PM PDT by Gene Eric (Your Hope has been redistributed. Here's your Change.)
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To: Jeff Chandler
BLOCKBUSTER lost me a long long time ago. I joined when they would charge you 70 or 80 dollars if you lost their video tape. So once, they called and told me that I hadn't turned in the tape. I went to the store the next day and it turned out that they had the tape. They just hadn't entered it as being returned.

Then, out of the generosity of my heart, I allowed my kids to check out films on my account. A few late fees later, I canceled my account. Now to be fair, the late fees were not the fault of BLOCKBUSTER, but by then I had had enough. I never established another account with them.

31 posted on 07/07/2010 10:29:53 PM PDT by Enterprise (As a disaster unfolds, a putz putts.)
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To: My Favorite Headache

Bookmark and Share Retail Stores Closing Doors Our Latest Roundup for 2010

ESPN ZONE Announced: June 16, 2010 Walt Disney Co. closed its ESPN Zone restaurants in New York; Baltimore; Washington, DC; Las Vegas; and Chicago.  

I have been to 4 of ESPN's and the world isn't losing anything.  Dirty and grungy, don't care for the patrons.

 

MOVADO Announced:  It will close all 27 U.S. stores.

Nothing earth shattering again.  I rarely see anyone in their stores and don't find their "kitchy" product all that appealling.  Should have closed a long time ago and left their inventory to specialty retailers like Kays.

 

DOLLAR STORE Announced: May 8, 2010 A 37-store network announced they will be closing

Now that is too bad.  I like the Dollar store and shop there regularly.  Always amazed at the quality of inventory for $1.  Oh well, hard to make a buck these days. 

KENNETH COLE Announced: May 5, 2010 In its May 5th earnings call, Kenneth Cole CFO David Edelman noted that it closed three stores since the beginning of the year and expects to close a total of five to 10 stores by year-end.

They should close all their stores.  Usually disorganized and sometimes has an air of unkempt.  Their style is dated and belongs at Macy's.  Barney's seems like a sensible place to sell their crap.  Their stores are not organized and for some reason on purpose.  Hate the place and Kenneth Cole would be perfect their.  Heck they could start charging a premium for square toe shoes. 

MOVIE GALLERY / HOLLYWOOD VIDEO / GAME CRAZY Announced: April 30, 2010

This one is just as tough as the buggy whip business.  Time has moved on and theirs has passed by as well. 

FUDDRUCKERS Announced: April 26, 2010 Magic Brands, owner of Fuddruckers, said it will use a Chapter 11 bankruptcy “to terminate certain Fuddruckers leases and will close 24 corporate-owned Fuddruckers restaurants by April 30, 2010."

Hmmm.... I licked FuddRuckers, just for the name.  Good food.  Too bad.

KROGER LITTLE CLINICS Announced: April 8, 2010 The Kroger Co. is closing 20 in-store medical clinics operated by The Little Clinic chain, and plans to revamp the business model for the convenient care chain in which it made an $86 million investment in 2008.

Maybe they will stick to groceries.  At least I thought it was weird the first time I saw one of these clinics.

CHARMING SHOPPES Announced: March 30, 2010 Charming Shoppes, Inc., the plus-size specialty retailer with up to 2,121 stores nationwide -- including Lane Bryant, Fashion Bug, and Catherines chains -- announced plans that it would close 100 to 120 of its branches in fiscal 2010.

Just a small adjustment in business and to be expected in this economy.  Good products.

CRICKET WIRELESS Announced: March 2010 According to a San Diego Business Journal report, Leap Wireless cut 180 jobs and shuttered 27 Cricket stores nationwide. The flat-rate carrier said the restructuring reflects its changing priorities for the year. Leap spokesman Greg Lund told FierceWireless that 90 of the job cuts were corporate positions and 90 were "field positions." Leap has around 4,200 total corporate employees and now has 242 company-owned stores.

Being in telecom, I just don't get their model.  Especially with interconnection fees going up.

84 LUMBER Announced: March 15, 2010 84 Lumber, the industry’s largest privately held chain of lumberyards, closed 10 stores in 10 states on March 15 due to declining housing starts. The Eighty Four, Pa.-based company now operates 289 stores in 34 states, with 2009 revenues of $1.35 billion. In 2008, the company posted sales of $2.1 billion with 335 locations.

I still think they have too many stores and they should expand at the locations they have to peel off business from Home Repo and Louse.

BLOCKBUSTER Announced: February 24, 2010 For the full year of 2010, Blockbuster expects to close a range of 500 to 545 underperforming domestic company-owned stores. Of these, Blockbuster has already closed 253 stores in January 2010 and has identified approximately 150 other stores that are expected to be closed in April 2010. The Company then expects to close approximately 75 to 125 more stores throughout the remaining portion of 2010

Blockbuster isn't in danger of succumbing to the buggy whip syndrome, yet.  But, they better get more creative than being a me too with Netflix.  Walmart may be the one that kills them.

JONES APPAREL Announced: February 10, 2010 Jones Apparel plans on closing 165 of its specialty retail stores in 2010. While the company declined to say which of its stores would be closed, they indicated that the mall-based retail locations would be closed to allow increased focus on their outlet stores. In 2009, Jones Apparel closed 100 mall-based retail stores which has produced positive results for the parent company of Nine West, Anne Klein, Bandolino and Easy Spirit.

Good idea.  Their clothes appeal to someone who no longer cares for the mall and isn't looking to be stylish so much as carry themselves in style.

WALDENBOOKS Announced: January 18, 2010 In a January press release about disappointing holiday sales, Borders Group, Inc. reiterated its decision to close 182 Waldenbooks Specialty Retail stores. According to CoStar's Retail News Roundup, Borders has been "whittling down its Waldenbooks chain since 2001, closing an average of 66 stores per year through 2007. In 2008, 112 stores were closed."

They should change the name of this operation to On Golden Pond.  This place has terrible inventory and their layout is even worse than Whoredors.  Time to kick the bucket and let Amazon finish it.

 

FOOT LOCKER Announced: March 3, 2010 In 2010, Foot Locker plans to consolidate its Foot Locker, Lady Foot Locker, Kid Foot Locker and Footaction operations under one management structure. As part of this initiative, it closed 106 underproductive stores during the first quarter and eliminated 120 corporate positions. The company also closed 179 stores in 2009.

These guys are everywhere and they are not a Starbucks.  They need to consolidate and leave their underperformers.  I sometimes feel as if the employees are not engaged in the business of helping customers and frequently feel ignored.  They need to focus more on front line service.

 MOVIE GALLERY Announced: February 2, 2010 Movie Gallery filed for Chapter 11 bankruptcy in February. While not going out of business, the restructuring called for the immediate liquidation and closure of approximately 760 stores. After these initial closings, the company operates 1,906 stores in the U.S., including 1,111 Movie Gallery, 545 Hollywood Video and 250 Game Crazy locations. The company anticipates additional store closings during the Chapter 11 process.

Buh-Bye, Buggy Whips.

HOME DEPOT Announced: January 26, 2010 Due to the recession and lingering housing crisis, Home Depot announced it would lay off 1,000 employees company-wide. In addition, it decided to close three pilot stores: a clearance center in Austell, Ga., a hurricane recovery store in Waveland, Miss. and a small-format store in Wilson, N.C. The company said there were no plans to close any of the chain's flagship "orange box" stores. It remains the largest home improvement store in the U.S. with 1,976 stores.

These guys will be just fine.  I can't wander the store aimlessly without someone, several someones, asking what I am looking for or if I need help.  They are very creative in solutions as well.

THE WALKING COMPANY Announced: February 2, 2010 The Walking Company filed a reorganization plan under which the company intends to keep 207 of its 214 current store locations open. This was a turnaround from its original plan, announced in Dec. 2009, to close 90 of its underperforming locations.

We'll see.  I think they are flat footed myself.  Just a sense.  Don't have enough info to proclaim their demise but they will be way smaller or something else in two years.

CRABTREE & EVELYN Announced: January 14, 2010 The skin-care products company filed for bankruptcy in July 2009. But, according to the BNET Retail Blog, Crabtree & Evelyn will actually emerge from the bankruptcy -- something that is unusual in the retail arena. In the end, the company will only need to close 35 of its 126 stores.

sometimes I don't get their store placement but overall a good concept and the employees seem to like working there.  They should be fine.

DISNEY STORE Announced: February 8, 2010 Disney is in the process of liquidating and shuttering 24 U.S. and 3 Canada Disney Store locations. As of October 2009, there were 340 total locations. The closures are part of an effort to revamp its existing stores to be interactive and more in keeping with the "Magic Kingdom" theme park feel. (Source: CoStar Retail News Roundup) FRENCH CONNECTION Announced: March 15, 2010 The fashion retailer announced that it will close the majority of underperforming stores in the U.S. and sell its Nicole Farhi business as part of a restructuring plan. The total of U.S. stores to be shuttered is numbered at 17, but F.C.U.K. has not released the specific location of those stores.

Over saturated.  Can't go anywhere without seeing Disney.  They need to shrink again until the economy heats up and then repopulate.

MEN'S WEARHOUSE Announced: March 10, 2010 In its 4Q 2009 conference call, the company announced that due to geographic overlap caused by its 2006 acquisition of the AfterHours Formalwear chain, the company has identified 145 stores that it would likely close.

George Zimmerman has a great concept and the clothes are terrific value.  I don't get the placement of some stores, which are most definitely out of site as in the back of mall.  If you don't know they are there,  you may not even walk past one.

AMERICAN EAGLE'S MARTIN +OSA Announced: March 9, 2010 Specialty apparel retailer, American Eagle Outfitters is shuttering its MARTIN + OSA brand, including its 28 stores and online business. The company expects to conclude the liquidation of the MARTIN + OSA stores by the end of this July. The company opened the first MARTIN + OSA stores, which carried sportswear and casual apparel for men and women age 25 to 40, in fall 2006.

Too much me too products.  Shrink and specialize.

 

WILLIAMS SONOMA Announced: March 11, 2010 Williams Sonoma CFO Sharon McCollam said that the specialty retailer intends to shutter an undisclosed number of stores in large, multi-store markets during the next three years.

Too many stores.  People should be coerced into driving to shop at Williams Sonoma.   They should shut down at mainstream malls, focus on classes(do more), offer more manufacturer events and get closer to "Membership" type clients.  Raise prices, a little. 

MACY'S Announced: January 5, 2010 Macy's said it is closing five stores as part of its ongoing effort to weed out underperforming locations amid opening new ones. Following these store closures, Macy's will operate 849 stores, comprised of 809 Macy's and 40 Bloomingdale's stores.

Always full of shoppers and a good selection, no matter what store you are in.

 

 

32 posted on 07/07/2010 10:30:42 PM PDT by Vendome (Don't take life so seriously... You'll never live through it.)
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To: My Favorite Headache

During last year’s Christmas “buying” season, I was walking through the DelAmo Fashion Center mall. I walked in front of an “aahs” store. If you’ve never seen one, it’s kind of like Spencers from the 70’s & 80’s. They sell t-shirts, gag gifts and neo-retro stuff. They have a Betty Boop section, Lakers, Peanuts, Batman, etc.

Well, right in the entrance was a giant shrine to Barack Øbama. They had posters, shirts, mugs, stickers, blah blah blah.

I stood there with my jaw dropped and turned 360° to see about every other store in this HUGE and formerly bustling mall was boarded up...out of business... shut down.

After my full circle of viewing the economic destruction, there I was back at the pile of BO’s smiling face.

The irony still makes me nauseous.


33 posted on 07/07/2010 10:42:33 PM PDT by TruthHound ("He who does not punish evil commands it to be done." --Leonardo da Vinci)
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To: My Favorite Headache

One of the Fuddruckers near me closed, but the main one seems to be doing alright. That one is reportedly Mark Cuban’s favorite quickie hamburger place, so maybe he’ll save it. ;)

I wouldn’t be surprised if Macy’s at the mall near me goes under. This mall now caters almost exclusively to illegal immigrants, and Macy’s is too expensive for them. The place is a virtual ghost town.


34 posted on 07/07/2010 10:53:46 PM PDT by Rastus
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To: My Favorite Headache

Reading this toll made me physically ill.

What is really appalling is how general the businesses are.

Discount stores, luxury watches, entertainment, building supplies, sporting goods, luxury and business clothing, electronics . . .

This is sickening.


35 posted on 07/07/2010 10:55:16 PM PDT by Psalm 144 (How many Michael Steele gaffes does it take to make a pattern?)
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To: Frantzie

That is my fear - that Boehner and McConnell will become Democrat lite. They have been in office way too long and were part of the spending binge of the Bush years. I don’t know if they will read the tea leaves accurately and put the Kabosh to Obamacare once and for all or simply tinker around the edges and ultimately put the Dems back in control. We do not want to be the USSA even if we have alot of people who want to keep their government goodies which MY taxed labor provided them.


36 posted on 07/07/2010 10:57:17 PM PDT by Semperfiwife (No Private Sector money = NO government dole)
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To: I am Richard Brandon
I just cannot thank the internet enough for making the shopping experience so much worse.

I feel your pain, man. Why just yesterday, I ordered a couple of USB-to-serial adapters and a null modem cable from Amazon, at a cost of about a third what Best Buy or Staples or Office Depot wanted (who uses serial ports anymore ??). July 8, said Amazon. OK, said I.

This afternoon, as I was backing out of my garage, I spotted a box on my doorstep. Delivered. A day early.

sure, Amazon has everything, but nothing beats a good browse folowed by a triumphabt march out of the store with the purchased book in hand for reading that same day.

I'll settle for next day, at a third the price. On the other hand, the distinct lack of calorie expenditure during the shop is not good for my health ...

Problem is, the brick and mortar stores probably won't have what you want, but if they do, you'll waste a lot of time going from store to store looking, and then they'll overcharge you.

37 posted on 07/07/2010 11:13:38 PM PDT by cynwoody
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To: I am Richard Brandon

“And since the Internet is still largely tax free - shouldn’t bricks and mortar stores have the same status? Why is the internet given the advantage?”

How do you mean “tax free?”

The only tax difference is the internet “store” in most cased pays no state sales tax, however most states DO HAVE LAWS saying they should pay sales tax.

If I buy over the internet from an operation which has operations in California, that store is suposed to charge me and pay the state of California the sales tax. Not all stores do this, however.

Ideally no sales tax would be charged anywhere, internet or retail.

Government has historically spent all the money they can get, and recently a whole lot more.

They spend on things which were not the province of government, until fairly recently.

California passed Prop. 13, in 1978, to restrain increases in property taxes.

However the full intent was to restrict the increase in revenue to state government. Since that time, it has restricted property taxes, but the sales tax rate has doubled.

Governments would not be up to so much “no good” were it not for the ability to get revenue.

But now the crows have come home to roost.


38 posted on 07/07/2010 11:18:26 PM PDT by truth_seeker
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To: My Favorite Headache; StarFan; Dutchy; alisasny; BobFromNJ; BUNNY2003; Cacique; Clemenza; Coleus; ..
Wow... this list is astonishing, My Favorite Headache. Thanks for the heads up.

"Hope and Change" anyone? Yeah, right...

39 posted on 07/07/2010 11:19:37 PM PDT by nutmeg (Another "smartass" for lower taxes)
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To: My Favorite Headache

Seems like the Kenyan Muzzie is succeeding beyond all expectations in destroying the economy, medical system, border, culture, space program, military, auto industry, oil industry, and coal industry of the USA.


40 posted on 07/08/2010 12:07:38 AM PDT by matthew fuller (2012: Bachman, Bolton, Brewer, Liz Cheney, Coburn, DeMint, Inhofe, Jindal, Palin and Pence.)
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To: Vendome
MOVIE GALLERY Announced: February 2, 2010 Movie Gallery filed for Chapter 11 bankruptcy in February. While not going out of business, the restructuring called for the immediate liquidation and closure of approximately 760 stores. After these initial closings, the company operates 1,906 stores in the U.S., including 1,111 Movie Gallery, 545 Hollywood Video and 250 Game Crazy locations. The company anticipates additional store closings during the Chapter 11 process.

Buh-Bye, Buggy Whips.

Are you saying this company is managed by the great grandson of George Amberson Minifer?

41 posted on 07/08/2010 1:08:38 AM PDT by gunsequalfreedom (Conservative is not a label of convenience.)
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To: My Favorite Headache

Borders in Hilo was the headline today, closing ASAP. Hilo’s only bookstore really.


42 posted on 07/08/2010 1:12:47 AM PDT by jobim
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To: My Favorite Headache

There are some high-end companies closing their stores, so the lack of consumer spending is evidently affecting all levels.

I was surprised to see shutterred up stores on 57th Street in Manhattan, which is known for the highest rent per square foot in the world. Our cities are starting to look like third world inhabited ghost towns.


43 posted on 07/08/2010 1:16:34 AM PDT by Canedawg (...still not digging this tyranny thing.)
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To: Vendome

Always full of shoppers and a good selection, no matter what store you are in.”

You must have different buyers than we have in Houston suburb stores. Parking lot by store nearly empty most of the time and they have overpriced Chinese clothing. Used to be my favorite store but I would never shop there again.


44 posted on 07/08/2010 2:27:32 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: My Favorite Headache

Look for the Obama to lose the House, and maybe the Senate.


45 posted on 07/08/2010 3:01:46 AM PDT by Biggirl (AZ Is DOING THE JOB The Feds Should Be Doing, ENFORCING The Southern Border! =^..^=)
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To: All

Remember in November!


46 posted on 07/08/2010 3:07:37 AM PDT by Biggirl (AZ Is DOING THE JOB The Feds Should Be Doing, ENFORCING The Southern Border! =^..^=)
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To: I am Richard Brandon
And since the Internet is still largely tax free - shouldn't bricks and mortar stores have the same status? Why is the internet given the advantage?

Egghead saw the change coming, closed their stores, went online and called themselves "Newegg". They are doing fine.

I support local stores because they are convenient, and can be fun to visit. But they are less fun lately because of of clerk attitudes,and the Freak Show Effect and many do not have much of what I need. There is a decaying mall near me I will not visit simply because it's too dangerous, and I am Licensed to Carry.

Online I can comparison shop in minutes, can always get what I need, and some guy in a brown suit shows up with it in a few days. It's no different than waiting for the weekend to go to the mall.

The Brick and Mortar has to guess what someone is going to buy, and stock it...the same item sitting on thousands of shelves in thousands of stores, hoping someone will buy it.

When they start the sales tax on online purchases I'll still use it, because taking my time even at the Minimum Wage, it makes no sense to tie up a Saturday Morning wandering around hoping I'll find something I need at an attractive price.

There will always be a need for local B&Ms. Nobody is going to buy lumber and cinderblocks online, and we know better than to buy groceries online- that's how the stores get rid of wilted vegetables and rotten meat. (Tried it.)

47 posted on 07/08/2010 3:37:16 AM PDT by Gorzaloon (CNN:AP:etc:Today, President Obama's stool was firm and well-formed. One end was slightly pointed. ")
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To: cynwoody
Problem is, the brick and mortar stores probably won't have what you want, but if they do, you'll waste a lot of time going from store to store looking, and then they'll overcharge you.

I remember going to a Barnes and Noble just a few years ago and trying to find the latest Ann Coulter book. They didn't have it (!) so I went to Customer Service and asked about ordering a copy. They said that would be no problem -- they'd have it in 3-4 weeks. My jaw just dropped. I said, "Do you realize this is the number one seller on Amazon.com? And you don't have it in your store? And I can get it from Amazon in two days? But from you I can get it 3 to 4 weeks? How are you people planning to stay in business?"

I think B&N has probably wised up a little, but brick and mortar stores face serious competition from online stores.

48 posted on 07/08/2010 3:39:35 AM PDT by ClearCase_guy
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To: My Favorite Headache

People are starting to discover that they really don’t need a lot of the services/crap that these businesses offer...


49 posted on 07/08/2010 3:44:18 AM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: My Favorite Headache

Copy-n-paste this list as a rebuttal to any lefty voter still clinging to Obamanomics who might offer up this or that tortured statistic to prove a ‘recovery’ exists.

THIS is real-world economic activity. THESE are real jobs, real estate transactions and commerce. Except now they’re not.


50 posted on 07/08/2010 4:24:13 AM PDT by relictele (Me lumen vos umbra regit)
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