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The economy: Is your favorite store closing? Check here

(2008-10-02 11:37:24) 下一個
http://www.wkyc.com/news/state/ohio/news_article.aspx?storyid=91163&catid=23

No part of the country is exempt. The International Council of Shopping Centers predicts that 5,770 stores nationwide will likely close by the end of the year, the highest number since 2004.

By comparison, in 2007, just over retail chains announced a total of 4,603 store closings, compared with 4,730 in 2006, although the ICSC noted it may be the calm before the storm.

There is some good news locally, though.

Westgate Mall in Fairview Park/Rocky River is seeing five new stores open there: Camille\'s Sidewalk Cafe; Gamestop; 5 Guys Burgers and Fries; Great Clips; and an Alltel wireless store.

Some bad news? With the retail market sagging in northeast Ohio, one development corporation is even trying to sell nine of the area shopping centers it owns, including Shaker Towne Centre and Fairlawn Town Centre.

Here\'s the rest of the bad news so far:

Sharper Image has filed for bankruptcy protection and said 90 of its 184 stores are closing. The retailer will still operate 94 stores to pay off debts but 90 of these stores have also performed poorly and may also close.

Talbots Inc. has closed or is in the process of closing 66 Talbots Kids and 12 Talbots Men\'s stores, and an additional 22 stores that are either the Talbots women\'s stores or the J. Jill brand.

Eddie Bauer has already closed 27 shops in the first quarter of 2008 and plans to close up to two more outlet stores by the end of the year.

Ann Taylor Stores Corp. said it will close 117 stores over the next three years, including 25 Ann Taylor and 39 Loft stores during the 2008 fiscal year.

Linens \'n Things is closing 120 stores nationwide, and three in Ohio, at Bainbridge Commons in Aurora, Cuyahoga Falls Marketplace in Cuyahoga Falls and Golden Gate Plaza in Mayfield Heights.

Gap Inc. is closing 85 stores.

Foot Locker will close 140 stores.

Macy\'s is closing nine underperforming stores this year, including three in Ohio in Akron, Canton and North Randall.

KB Toy Works closed its three remaining stores in Rhode Island earlier this year as part of a plan to shutter 120 stores nationwide.

Dell Inc. closed its 140 kiosks in the United States as the computer maker is changing its retail strategy to sales in partnering stores.

New York & Co. already shut its chain of 23 Jasmine Sola upscale women\'s clothing stores in January.

After buying the struggling CompUSA chain in December, Gordon Brothers Group LLC said it will sell or close most of the chain\'s 103 stores. (It has since agreed to sell as many as 16 CompUSA stores in Florida to Systemax Inc. for $30 million.)

Liz Claiborne Inc. said it\'s closing the entire 54-store Sigrid Olsen chain.

Zale Corp closed 60 of its stores already this year and plans to close a total of 105 stores, most by July 31, and 50 are kiosks and 55 are stores in its Zale\'s and Piercing Pagoda subsidiaries.

As the housing market continued to slide in 2007, the retailer impact was dramatically felt in the home-related-product segment, according to an ICSC report.

Home furnishings stores Bombay Company and Pier 1 Imports, with announced closings of 508 and 100, respectively, are among the most deeply affected retailers.

Women\'s retailer Cache announced that it is closing 20 to 23 stores in 2008.

Lane Bryant, Fashion Bug, and Catherines are closing a total of 150 stores nationwide for under-performance.

Wickes Furniture is going out of business and closing all of its stores. The 37-year-old retailer targets middle-income customers and filed for bankruptcy protection.

Walt Disney is closing about 98 Disney Stores in the U.S.

The Home Depot closed 15 stores, affecting 1,300 employees, but the corporation said these numbers represent less than one percent of its existing stores.

And the closings keep coming.

Since December 31, Pep Boys has closed 33 stores and Sprint Nextel has closed 125 retail locations.

Ethan Allen Interiors plans to close 12 of its 300 stores.

Apparel retailers last year said they would close fewer stores than the previous year, but the lackluster November-December 2007 sales period is forcing even more closings in 2008.

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