Retail Tsunami: 16 Major Chains Closing More Stores

Thanks to obama the usa has gone to shit and this is just the beginning

bigger than obama but whatever makes you sleep better at night

Fall of modern American society?

That's a lot of stores..

Given that many voted six times for him - you are right.

and wrong.

I can't believe the vote fraud in Ohio did not get him elected, more than the true vote of the people.

Here are 16 companies that have closed stores or will close stores soon:


•Office supply company Staples has announced plans to close 225 stores by 2015, which is about 15 percent of its chain. Staples already closed 40 stores last year. Industry analysts expect Staples’ main competitor, Office Depot, which bought OfficeMax last year, to announce its own round of store closings soon.
•Radio Shack has announced plans to close 20 percent of its stores this year, which is as many as 1,100 stores. The company, which operates around 4,000 stores, reported that its sales fell by 19 percent last year.
•Albertsons closed 26 stores in January and February according to Supermarket News. Analysts expect many more Albertsons could soon be shuttered because Albertsons owner hedge fund Cerberus Capital Management just bought Safeway Inc. Some Safeway stores could soon shut down as well.
•Clothing retailer Abercrombie & Fitch is planning to close 220 stores by the end of 2015. The company is also planning to shut down an entire chain it owns, Gilly Hicks, which has 20 stores, 24/7 Wall Streetreported.
•Barnes & Nobles is planning to shut down one third of its stores in the next year: about 218 stores. The chain has already closed its iconic flagship store in New York City.
•J.C. Penney is closing about 33 stores and laying off about 2,000 employees.
•The Record newspaper in New Jersey reported that Toys R Us has plans to close 100 stores.
•The Sweetbay Supermarket chain will close all 17 of the stores it operates in the Tampa Bay area, The Herald Tribune newspaper reported. Many of the stores might open as Winn-Dixie Stores. Sweetbay closed 33 stores in Florida last year.
•The entire Loehmann’s chain of discount clothing stores in the New York City area shut down. Loehmann’s once operated 39 stores, The New York Times reported, and was considered an institution by generations of New Yorkers.
•Industry analyst John Kernan told CNN that he expects Sears Holdings, which owns both Sears and Kmart, to close another 500 stores this year. Sears has already shut down its flagship store in Chicago.
•Quiznos has filed for bankruptcy, USA Today reported, and could close many of its 2,100 stores.
•Sbarro which operates pizza and Italian restaurants in malls, is planning to close 155 locations in the United States and Canada. That means nearly 20 percent of Sbarro’s will close. The chain operates around 800 outlets.
•Ruby Tuesday announced plans to close 30 restaurants in January after its sales fell by 7.8 percent. The chain currently operates around 775 steakhouses across the US.
•An unknown number of Red Lobster stores will be sold. The chain is in such bad shape that the parent company, Darden Restaurants Inc., had to issue a press release stating that the chain would not close. Instead Darden is planning to spin Red Lobster off into another company and sell some of its stores.
•Ralph’s, a subsidiary of Kroger, has announced plans to close 15 supermarkets in Southern California within 60 days.
•Safeway closed 72 Dominick’s grocery stores in the Chicago area last year.

James Kunstler's "The Long Emergency"....playing out right before our eyes

Read it, you won't be disappointed

Thanks to obama the usa has gone to shit and this is just the beginning

James Kunstler's "The Long Emergency"....playing out right before our eyes

Read it, you won't be disappointed

I really hate to sound like an ass, but hell yes. I hope they all close down.

I hope the sheeple get everything they deserve. They voted for this ass hat 2 times.

They can all go to hell!

I really hate to sound like an ass, but hell yes. I hope they all close down.

I hope the sheeple get everything they deserve. They voted for this ass hat 2 times.

They can all go to hell!

Return of the mom and pop stores ?

You ARE an ASS.

My two kids who are not of voting age, did not vote for him. You want them to suffer because of this - either directly, should I lose my job, or indirectly when, 10 years from now, they need an entry level job and there are no retail stores left... or any other type of job for that matter?

All of you pricks that hope for doom like this can GFY.

Return of the mom and pop stores ?

Obama....

Black market... The Gov. keeps raising taxes until people cant buy the crap and the business cant stay open.

I really hate to sound like an ass, but hell yes. I hope they all close down.

I hope the sheeple get everything they deserve. They voted for this ass hat 2 times.

They can all go to hell!

You have a really bad attitude, but I'm afraid I feel exactly the same way.

One thing that characterizes the left wing world view is the belief that the collective should mitigate the consequences of bad behavior. That's why they give out free needles and methadone to addicts, pay for abortions, give welfare to the lazy, etc.

Now it's time for the full weight of the consequences of bad behavior by both the collective and the individual to fall squarely on the shoulders of those that have destroyed the work ethic, amassed enormous debt, polluted the minds of whole generations, opened our borders, and made us vulnerable to attack from without and collapse from within.

They've earned it. Of course, we're all going pay an enormous price, but a reset is the only hope to rid the system of the parasites that have infested it.

shut all retail, kill the middle men, buy wholesale

Don't give Obama that much credit , he's a yes man to the bankers, now the bankers......yea they get the credit.

BOA or Bank of America here where i am located (in lee county, florida) is shutting down its local branch where i live as they say there is not enough bizness to keep it open.
Now that is a BAD SIGN i'd say!

Thanks to obama the usa has gone to shit and this is just the beginning

So what's the Chinese think about this ? Alot of those stores sell/sold their goods ...me thinki they no likei