• Before you give a gift card… the stores may not be there.

    List of Store Closings – Gift Card purchases
    If you are purchasing gift cards this holiday – be careful many are going
      out of business and will not honor their cards

      Not on the list below is Linens & Things which is under liquidation and
      closing all stores by year end.  (I’ve been there – even with 30% off, it’s not a deal.)

      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 store s. 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 co mment.

      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 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 The Children’s Place Retail Stores. The exact number of stores
      acquired will depend on negotiations with land lords. Those subsidiaries
      of Children’s Place filed for bankruptcy protection in late March..

      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
      US.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.

      Macy’s – 9 stores will be closing.

    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 – 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% ofcompany-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 all 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 will be closing

      Pacific Sunwear will close its 154 Demo stores after a review of
      strategic alternatives for the urban-apparel b rand. 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.

      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
      underperforming stores this year.

2 Responsesso far.

  1. Rick Boyer says:

    Thanks for posting the article, was certainly a great read!

  2. Rudy Joggerst says:

    Your article “Before You Give a Gift Card…” is inaccurate. Movie Gallery is not planning to close any stores at this time. Please find an official statement from the company here: http://www.moviegallery.com/company/blog.aspx. Please remove the paragraph about Movie Gallery from your article at your earliest convenience. Thank you.

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