Who’s next? That’s about all we have on our minds lately. Christmas is only a few weeks away and shopping during the holiday season traditionally makes up 50% of the annual revenue of companies like Best Buy. So what businesses are we losing next? Here’s a list I recently received that was quite shocking. I’d love to know what you have to say about it.
Circuit City is closing who knows how many stores.
Ann Taylor – 177 Stores Nationwide are being closed.
Lane Bryant, Fashion Bug, and Catherine’s to close 150 stores nationwide.
Eddie Bauer is closing 27 stores, and even more after January.
Cache will close all stores
Talbots closing all stores
The Gap – 85 Closing
Footlocker will close 140 stores and more after January
Wickes Furniture, closing.
Levitz is closing remaining stores.
Bombay, closed.
Whitehall, closed.
Piercing Pagoda, out of business.
DISNEY!!!! Closing 98 stores.
Home Depot, 15 Closings
Macy’s to shut down 9 stores after January
Linens and Things, out of business.
Movie Galley, closed.
Pacific Sunware, closed.
Pep Boys, 33 stores closing.
Sprint / Nextel, 133 Stores closing.
JC Penney, closing a number of stores.
Ethan Allen, 12 stores closing.
Wilson Leather, all stores closed.
Sharper Image, closing all stores.
Lowe’s and Dillard’s, closing down some locations.
I was shocked to read some of these, and although I haven’t personally verified each one, my source is reputable. What’s amazing to me is the number of chains that are closing that have been around long enough to be considered “just part of the landscape.” These economic times are completely re-shaping the face of our retail environment, opening up opportunities for more prosperous companies to take the place of some of these. It will be interesting to see what happens over the next few years.
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People tend to be all doom and gloom about the recession. Well I will give you 2 reasons why it is good. It breaks weak companies leaving only strong competitors in the market and you can get great bargains when the economy is slow.
Despite what is going on around us, those who are in Christ have no reason to fear… our time here is merely a blip.
I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.
Thank you, I really need to know this especially at this time. Hopefully I will be able to make more money from the help of you