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Retail Tsunami: 16 Major Chains Closing More Stores

 
Damage Ocuured
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04/04/2014 07:13 PM
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Retail Tsunami: 16 Major Chains Closing More Stores
Here are 16 companies that have closed stores or will close stores soon:

[link to search.yahoo.com (secure)]
• 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.

• 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.

Last Edited by 2/3s of 2/3s on 04/04/2014 11:09 PM
Anonymous Coward
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04/04/2014 07:20 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Im in sparta tn and a long time lived and always seemed very busy very well kept/maintained kroger grocery store here in sparta tn just closed on the 18 of last month (MARCH).

MORE INFO HERE

Kroger shutting down Sparta store


Customers are still faithful to Kroger, in Sparta, although it was announced on Tuesday that the grocery store would be shutting down within 30 days. Customers may call (866) 221-4141 to voice their complaints.

Grocery chain has maintained a facility in this community since 1950

Published: Thursday, March 6, 2014 6:59 AM CST
Sparta and White County residents were hit with what many said felt like “a kick in the stomach” on Tuesday when officials with Kroger Company announced they would be shutting down a grocery store that has been a part of this community for 64 years.

Melissa Eads, media relations with Kroger’s Mid-South Division, informed The Expositor on March 4, 2014 that corporate representatives were at the store in West Town Plaza breaking the news to the 62 employees that their jobs would cease effective March 28. Eads said they are working with employees to help them transition into jobs at other Kroger locations if positions are available.

Jeff Young, mayor of Sparta, was the first governmental official to receive the news.

“The loss of Kroger is very unfortunate,” Young said. “In speaking with a representative from Kroger this morning [March 4], they said the store had been losing money for 10 years, and they were now forced to make this tough decision to close.”

Eads said the closing is necessary because the Sparta store has experienced significant losses the past five years, including approximately $1 million in the last two years.

“We’ll be faced with the same tough decisions that we’ve been having to do for years, which is to [link to www.myspartanews.com]
ceawaves

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04/04/2014 07:21 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
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.
 Quoting: Damage Ocuured


That's a lot of stores..
Getz

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04/04/2014 07:23 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Jesus....
Anonymous Coward
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04/04/2014 07:29 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Thanks to obama the usa has gone to shit and this is just the beginning
Anonymous Coward
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04/04/2014 07:31 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Return of the mom and pop stores ?
Anonymous Coward
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04/04/2014 07:31 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
what recesssion????? guess this is what hope and change is!
Anonymous Coward
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04/04/2014 07:32 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Jesus....
 Quoting: Getz


Obama....
Anonymous Coward
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04/04/2014 07:32 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Don't give Obama that much credit , he's a yes man to the bankers, now the bankers......yea they get the credit.
Anonymous Coward
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04/04/2014 07:35 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
It's kinda a double sword deal , one one side it's a good thing , maybe Americans can become less materialistic and consumed with consumerism but on the other side people are losing their jobs :/ and that's kinda a big deal .......
Anonymous Coward
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04/04/2014 07:37 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Don't give Obama that much credit , he's a yes man to the bankers, now the bankers......yea they get the credit.
 Quoting: Anonymous Coward 48521136



You're wasting your breath on most of the tards here at GLP...they only care about hating on Obammy...the true "Enlightened" ones know EXACTLY where the blame lies
Anonymous Coward
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04/04/2014 07:39 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Well we gotta try.... :) right ?
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04/04/2014 07:40 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
That's scary. How did Radio Shack even stay in business for so long? I always thought they were a mafia money-laundering front.
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04/04/2014 07:41 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
ohyeah


sfansfansfan
nutmeg

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04/04/2014 07:41 PM

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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Don't give Obama that much credit , he's a yes man to the bankers, now the bankers......yea they get the credit.
 Quoting: Anonymous Coward 48521136


Bank closings:

[link to en.wikipedia.org]
Anonymous Coward
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04/04/2014 07:43 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
ochange
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04/04/2014 07:43 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Don't give Obama that much credit , he's a yes man to the bankers, now the bankers......yea they get the credit.
 Quoting: Anonymous Coward 48521136


Yup. The house always wins.

:bankstadude:
Anonymous Coward
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04/04/2014 07:43 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Don't give Obama that much credit , he's a yes man to the bankers, now the bankers......yea they get the credit.
 Quoting: Anonymous Coward 48521136


Bank closings:

[link to en.wikipedia.org]
 Quoting: nutmeg




Consolidation.........remember ONE world order is the goal
Question EVERYTHING
Traveler In The Matrix

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04/04/2014 07:44 PM

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Re: Retail Tsunami: 16 Major Chains Closing More Stores
YOU GUYS KNOCK IT OFF!!!

Oblahblah said that the recession is over and business is booming. Nothing is wrong, everything is perfect.


First they ignore you, then they laugh at you, then they fight you, then you win. ~ Mahatma Gandhi

"Always, at every moment, there will be the thrill of victory, the sensation of trampling on an enemy who is helpless. If you want a picture of the future, imagine a boot stamping on a human face—forever." ~ George Orwell

"The exact level of tyranny that you're going to live under, is the level of tyranny you put up with." ~Thomas Jefferson

"All tyranny needs to gain a foothold is for people of good conscience to remain silent. ~ Thomas Jefferson
Indiana Jones

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04/04/2014 07:45 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
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!
Light travels faster than sound. This is why some people appear bright until you hear them speak
Useless Cookie Eater

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04/04/2014 07:45 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
:rushhope:bcide
Anonymous Coward
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04/04/2014 07:47 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Wow.
GrizzlyBear

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04/04/2014 07:47 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Service related businesses. This is the last industry left in America. We are indeed fucked, for lack of a better word.
Rule#4 Double Tap.
Indiana Jones

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04/04/2014 07:48 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
:rushhope:bcide
 Quoting: Useless Cookie Eater


fuckyeah5
Light travels faster than sound. This is why some people appear bright until you hear them speak
de38always

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04/04/2014 07:48 PM

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Re: Retail Tsunami: 16 Major Chains Closing More Stores
That's scary. How did Radio Shack even stay in business for so long? I always thought they were a mafia money-laundering front.
 Quoting: calx


Radio shack has been useless for yrs.
beeches

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04/04/2014 07:48 PM

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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Don't give Obama that much credit , he's a yes man to the bankers, now the bankers......yea they get the credit.
 Quoting: Anonymous Coward 48521136


Bank closings:

[link to en.wikipedia.org]
 Quoting: nutmeg


Wilmington Trust went under a few years back, a quite old institution. Bad real estate loans, they said.

wow.
we only have each other. And that makes us rich.. . .

Wisdom in the man, patience in the wife, brings peace to the house and a happy life.
Anonymous Coward
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04/04/2014 07:49 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
So what's the Chinese think about this ? Alot of those stores sell/sold their goods ...me thinki they no likei
Anonymous Coward
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04/04/2014 07:49 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Fall of modern American society?
Anonymous Coward
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04/04/2014 07:49 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Got a dress shirt at a Loehmans couple months back, was a going out of business sale good deal.
Anonymous Coward
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04/04/2014 07:50 PM
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Re: Retail Tsunami: 16 Major Chains Closing More Stores
Thanks to obama the usa has gone to shit and this is just the beginning
 Quoting: Anonymous Coward 56377698


bigger than obama but whatever makes you sleep better at night
beeches

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04/04/2014 07:50 PM

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Re: Retail Tsunami: 16 Major Chains Closing More Stores
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!
 Quoting: Indiana Jones


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.
we only have each other. And that makes us rich.. . .

Wisdom in the man, patience in the wife, brings peace to the house and a happy life.





GLP