24 Retail Stores
Closing Doors
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Justin Sullivan, Getty Images
Retail's Changing Face
Over the last couple of months, there has been a flurry of announcements from retailers that they are closing stores, slowing expansion plans or ceasing operations altogether.
From Home Depot and CompUSA to Macy's and Ethan Allen, we round up more than 20 retailers that are closing (at least some) of their doors. Are some of them your favorites?
· Post: More Struggling Stores
Next: Home DepotMore Consumer Stories:
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AP
Home Depot
Stores Closing: 15
Why? In December, Home Depot said it would cut 950 jobs and close three call centers that handle orders for home installation. The next month, is said it would cut 500 jobs at its headquarters. Now comes the announcement that amid a slumping U.S. economy and housing market, it will close 15 underperforming U.S. stores.
Stock Quote & News: HD
Next: Linens 'n ThingsMore Consumer Stories:
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Seamas Culligan, ZUMA Press
Linens 'n Things
Stores Closing: 120
Why? The bedding- and home-furnishing retailer said it plans to close 120 underperforming stores in its chain of 589 locations as it filed for chapter 11 bankruptcy protection in May.
Next: CompUSAMore Consumer Stories:
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Hicmar Falcon, EFE
CompUSA
Stores Closing: 103 stores will be sold or shut down
Why? In Dec. 2007, the Computer and electronics retailer announced it would start winding down its retail operations after being acquired by an investment firm, which is looking to sell the company's business and assets. The retail stores that don't sell will be shut down.
Next: Ethan AllenMore Consumer Stories:
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Business Wire/Getty Images
Ethan Allen Interiors
Stores Closing: 12 of 300+
Why? As part of a cost-cutting plan, the manufacturer and retailer of high-end home furnishings is closing 12 of its retail centers.
Stock Quote & News: ETH
Next: More in FurnitureMore Consumer Stories:
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More Furniture Stores
Retailer: Sofa Express
Stores Closing: 44
Why? The Ohio-based furniture retailer sent notice in Dec. to stores saying the company was shuttering headquarters, closing stores and laying off workers due to their financial situation.
Retailer: Levitz Furniture
Stores Closing: 76
Why? Also in Dec., Levitz Furniture announced it is liquidating its assets and closing all 76 of its stores.
Next: Macy'sMore Consumer Stories:
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Chris Hondros / Getty Images
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PacSun 'Demo' Stores
Stores Closing: 154 Demo Stores
Why? In Jan. 2008, Pacific Sunwear of California, Inc. said it will close its 154 Demo stores as a result of a a review of strategic alternatives for the urban-apparel brand. This follows the closure of 74 underperforming Demo stores last May.
Stock Quote & News: PSUN
Next: Kirkland'sMore Consumer Stories:
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AP
Kirkland's
Stores Closing: 30 to 130
Why? Management of the national home-decor chain told analysts it intends to close 30 underperforming stores during the fourth quarter, which ended in January. It is considering closing even more stores (up to 100) in the next 18 months, saying it wants to focus on stores not based in malls.
Stock Quote & News: KIRK
Next: Fashion Bug and ...More Consumer Stories:
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Charming Shoppes, Inc.
Fashion Bug, Lane Bryant & Catherine's
Stores Closing: 150
Why? CoStar.com reports that Charming Shoppes, Inc. is closing 150 underperforming stores, laying off 150 employees and reducing the amount of stores it will open in 2009. The closures will leave Charming Shoppes with approximately 900 Fashion Bug stores, 923 Lane Bryant stores and 471 Catherine's stores.
Stock Quote & News: CHRS
Next: More in ApparelMore Consumer Stories:
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Talbot's & Sigrid Olsen
Retailer: Talbot's Kids, Mens
Stores Closing: 78
Why? As sales continue to disappoint, Talbot's will close 78 children's and men's apparel stores to focus on its core middle-aged female customer.
Retailer: Sigrid Olsen
Stores Closing: 54
Why? Part of parent company Liz Claiborne Inc., the 20-year-old line that began as resort wear has been losing money over the past several years.
Next: Jasmine SolaMore Consumer Stories:
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Jasmine Sola
Stores Closing: 23
Why? According to the Boston Herald, New York & Co. is shutting its chain of 23 Jasmine Sola upscale women's clothing stores that got its start in Harvard Square in 1970. The decision follows a battle over sexual misconduct charges at the company.
Stock Quote & News: NWY
Next: Krispy KremeMore Consumer Stories:
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Neil Redmond, AP
Krispy Kreme
Stores Closing: Undetermined
Why? In December, Krispy Kreme said its quarterly sales tumbled and it expected more franchised store closures ahead. In the first nine months of fiscal 2008, franchisees closed 25 stores, the company said.
Stock Quote & News: KKD
Next: StarbucksMore Consumer Stories:
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Stephen Chernin, Getty Images
Starbucks
Stores Closing: 100 and slowing expansion by 34 percent
Why? "By reducing the number of openings, we expect to optimize our resources and potentially reduce cannibalization of our existing stores," said CEO and Chairman Howard Schultz in a statement.
Stock Quote & News: SBUX
Next: 84 LumberMore Consumer Stories:
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84 Lumber
Stores Closing: 12
Why? Due to a difficult year in the nation's housing market, the Pennsylvania-based building materials company closed a dozen stores in December.
Next: Sharper ImageMore Consumer Stories:
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Paul Sakum, AP
Sharper Image
Stores Closing: 90 of 184
Why? Things are not looking good for the 31-year-old company, which just filed for bankruptcy protection. The New York Times reported that the retailer will still operate 94 stores to pay off debts, but 90 stores, about half of all its outlets, are performing poorly and should be closed "as soon as possible."
Stock Quote & News: SHRP
Next: Pep BoysMore Consumer Stories:
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AP
Pep Boys
Stores Closing: 31
Why? The auto parts company laid off 550 employees as it shut down stores in November as part of a five-year strategic plan that will include a change in its mix of automotive products and adding "smaller neighborhood service shops."
Stock Quote & News: PBY
Next: Rent-a-CenterMore Consumer Stories:
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Rent-A-Center
Rent-A-Center
Stores Closing: 280
Why? The nation's largest rent-to-own retail chain announced in December it would shut down the stores by February to boost finances. The Plano, Texas-based company operates 3,355 stores in the U.S., Canada and Puerto Rico.
Stock Quote & News: RCII
Next: Rite AidMore Consumer Stories:
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Carolyn Kaster, AP
Rite Aid
Stores Closing: 28
Why? The drugstore chain announced in January that it was exiting the Las Vegas, Nev. market because the stores there had not been contributing to overall results. The company hasn't opened a new store in the Las Vegas area since 1999.
Stock Quote & News: RAD
Next: SprintMore Consumer Stories:
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Don Emmert, AFP/Getty Images
Sprint Nextel Corp.
Stores Closing: 125
Why? As the nation's third-largest wireless carrier struggles to compete with AT&T and Verizon Wireless it has announced that it will reduce stores and cut 4,000 jobs.
Stock Quote & News: S
Next: Movie GalleryMore Consumer Stories:
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Movie Gallery
Stores Closing: 400 of 3,500
Why? The video rental company said it plans to close 400 Movie Gallery and Hollywood Video stores in addition to the 520 locations the bankrupt video rental chain closed last fall. Movie Gallery said the company will work with customers to try to transfer accounts to nearby locations.
Stock Quote & News: MOVIQ
Next: More Stores in Decline -
In Your Opinion:
More Stores in Decline
Is there a store in your mall or local shopping district that looks like it has one foot in the grave? You know, clothes in disarray, lightbulbs out, no crowds ...
Share your stories of shops that have seen (much) better days.
Share What You've Seen: This Store Is Doing So Poorly ...More in Money & Finance:
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Recent Comments
ImJesusGirl4 10:06:19 PM May 15 2008
CBailey621 11:46:54 PM May 11 2008
Report This! Pay off all your debt. Vote for Ron Paul. Get and keep whatever job you can and hold on. We have not seen the worst our TOP MANAGERS have to offer. It is greed at every level that has gotten us into this and it is work at every level that will get us out of it. As Winston Churchill said" We get the government we deserve"
We allow them to take control and then bitch when they dont take care of us. We need to take back our government and the only way is to return to the constitution. It was written to limit the powers of the government. It is used now to limit the power of the people.
________________________________________________________
You are so right! It's almost as if what voters vote on in general elections are overturned by some governmental force...be it the Supreme Court, or some circuit of judges, or the use of delegates, or etc. etc. But it is only going to get worse. People become more greedy each day, either because of
MNurse15 01:04:26 PM May 15 2008
I THINK AMERICANS ARE JUST SPOILT WE HAVE HAD IT GOOD FOR SO LONG AND AS SOON AS THINGS LOOK BLEEK WE BLAME THE GOVERNMENT, WHO SAID WE NEED $30,000.00 VEHICLES, OR HAD TO LIVE IN THE MOST EXPENSIVE HOUSE WE THOUGHT WE COULD AFFORD, AND WHY DO OUR KIDS HAVE TO WEAR ALL NAME BRAND CLOTHES, AND WHAT KIND OF PERSON WOULD SPENT THOUSANDS UPON THOUSANDS ON A CREDIT CARD, AND FOR THAT MATTER, WHO NEED TO TALK THAT MUCH ON A CELL PHONE? THIS COUNTRY IS GOING TO HELL IN A HAND BASKET AND ITS OUR OWN FAULT. GET BACK TO THE BASICS, GO TO CHUCH, RAISE YOUR KIDS, BE THANKFUL FOR WHAT WE DO HAVE, THIS IS THE GREATEST COUNTRY IN THE WORLD AND WE DO NEED TO TAKE IT BACK, BUT IT WILL BE UP TO US NOT THE GOVENMENT, IF WE WOULD LIVE LIKE WE WERE SUPPOSE TO THE GOVERNMENT WOULD HAVE NO REASON TO BE IN OUR LIVES. ALL GOOD THINGS COME TO AN END, BUT WE ARE AMERICANS AND WE WILL SURVIVE.
Frank1946 11:47:30 PM May 12 2008
Malls are in TROUBLE............................even in Colorado.
Aimeerd 06:38:52 PM May 12 2008
Home Depot loves to have you scan your own purchases. If I wanted to deal with a computer I could stay home. These dumbies don't get it customers make them their living not self scan registers.
dee20707 03:50:41 PM May 12 2008
Well, for those who believe in GOD, and for those who don't need to look at the whole picture. We need to repent and change from our wicked ways. The United State ownes everthing, but owes everybody. Yes, we are probabaly being lauged at, we need a change, and with that change make those law makers accountable to us the people. Please people VOTE.
KensRoom69142 05:06:01 AM May 12 2008
Just which Home Depot's are closing? Which one's in Texas?
mrjworld 01:05:35 AM May 12 2008
--WE NEED TO END THE UNJUST AND INEQUALITY OF WHAT A PURE AND LONG TERM CAPITALISTIC SOCIETY HAS CREATED--Capitalisim was only ment to start a country and not to substain it forever---basically we are turning into a monarchy (doin' a 360) where we have the super rich (corp owners) and the poor (now the poor and middle class)
--WE NEED OBAMA!!!!! CHANGE IS AFOOT!!!
mrjworld 01:05:06 AM May 12 2008
Continued in response to Mi10609848!!!!!
...CONT. ....
2 ....GAS AT $5, the worse housing market since the Great Depression of the 1920s, world approval level down near 20%, economic Recession that just may turn into a Depression, 100 million Americans with no healthcare insurance (we are the laughing-stock of the world, and question how our goals used to be profit--healthcare is a natural right), grocery costs have doubled and are about to tripile, the biggest errosion of our US Constitutional rights since our founding (our founding fathers would be rolling over in their graves), no jobs, college costs skyrocketing (i have $155,000 in student loans right now!!!)...the list goes on and on ****COME ON MAN, WAKE THE FK UP!!!***
3. Bush and the dollar???! lol that doesnt even dignify a response, Ethopia's currency will surpass the US dollar soon lol
--WE NEED TO END THE UNJUST AND INEQUALITY OF WHAT A PURE AND LONG TERM CAPITALISTIC SOCIETY HAS CREATED--Capitalisim was only ment to
mrjworld 01:03:50 AM May 12 2008
...CONTINUED IN RESPONSE TO Mi10609848!!!!! :
1. Why shouldnt people be allowed to take mortgages??? The banks offer a secured loan on top of receiving substantial interest--its a business deal. The market collapse is a result of disgusting corporate underregulation--interest rates should be capped by the fed govt, fees and penalties also statutory. Its not the borrowers fault, the bank jack up all their payments and rates b/c they are crooks that have gotten away with no regulation. Hell, the entire credit system is a scam in the US--Europe has no such thing?
2. U said: "Keep the darn government out of the free market and the results are MUCH better" --!!! COME ON, WAKE UP AMERICA, I THOUGHT AFTER ALL THE CRAP THAT IS HITTING THE FAN U WOULD FINALLY SEE. Look where we are now??!? Bush and 50 years of America being slowely pushed towards the right bc of their own iggnorance-- GAS AT $5, the worse housing market since the Great Depression of the 1920s, world approval level down
mrjworld 12:59:36 AM May 12 2008
Mi10609848!!!!! YOU HAVE GOT TO BE KIDDING RIGHT??? Another dellusional, brain dead republican or ignorant American that has been brainwashed since the 50s
02:53:59 PM May 05 2008
"how about some facts...The banks were forced to shoot for hit targets to lend to those who shouldn't have been given mortgages. Now we see the results. Keep the darn government out of the free market and the results are MUCH better.
BTW...while Bush as been quite the dunderhead, he's done little to negatively impact the economy. The worst that has been done is taht there is a small drag on the dollar.."
!!!! Mi10609848, are u really that uneducated?? I mean come on, or is this just pure purposeful power of denial.
1. Why shouldnt people be allowed to take mortgages??? The banks offer a secured loan on top of receiving substantial interest--its a business deal. The market collapse is a result of disgusting corporate underregulation--interest rates should be capped by the fed govt, fees and penalties

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