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Sat Feb 23, 2013, 10:38 PM

Store closing plans for 2013

Last edited Sun Feb 24, 2013, 04:30 AM - Edit history (1)

Store closing plans for 2013:

Best Buy Forecast store closings: 200 to 250

Sears Holding Corp. Forecast store closings: Kmart 175 to 225, Sears 100 to 125

J.C. Penney Forecast store closings: 300 to 350

Office Depot Forecast store closings: 125 to 150

Barnes & Noble Forecast store closings: 190 to 240, per company comments

Gamestop Forecast store closings: 500 to 600

OfficeMax Forecast store closings: 150 to 175

RadioShack Forecast store closings: 450 to 550

ABERCROMBIE to close 50 stores...

Other store closings announced for 2013:

f.y.e. music store in Beverly, Massachusetts.

f.y.e. music store in Montgomery, Alabama.

Mother Nuture parenting store in Lexington, Kentucky.

Coldwater Creek women’s clothing store in Glendale, Wisconsin.

Christopher & Banks women’s clothing store in Glendale, Wisconsin. (actually closed at the end of December 2012)

Barnes & Noble book stores, two in Texas.

A&W All American Food restaurant in Boise, Idaho.

Bakers shoe store in Boise, Idaho.

Blockbuster video store in Lackawanna County, Pennsylvania.

Savvy Spaces furniture store in Charlotte, North Carolina.

Eddie Bauer clothing store in Yakima, Washington.

Eddie Bauer clothing store in Appleton, Wisconsin.

Eddie Bauer clothing store in Rockford, Illinois.

Pearle Vision Center in Mall at Steamtown, Pennsylvania.

Shambala clothing store in Mall at Steamtown, Pennsylvania.

Verizon cell phone store in Mall at Steamtown, Pennsylvania.

Gap clothing store in Shoppes at Montage, Pennsylvania.

C.J. Banks women’s clothing store in Wyoming Valley Mall, Pennsylvania.

H&M women’s clothing stores in Eastview Mall and Mall at Greece Ridge, New York.

Soccer Plus stores in Palatine and Libertyville, Illinois.

Easy Street Records in Seattle, Washington.

Justice IGA grocery store in Grayson, Kentucky.

Sheetz convenience store in Johnstown, Pennsylvania.

The last of the Cub Foods grocery stores in Trotwood, Ohio.

Vons grocery store in Hesperia, California.

Amy’s Hallmark greeting card store in Albany, Georgia.

Restoration Hardware store in Wauwatosa, Wisconsin.

American Eagle Outfitters clothing store in Birmingham, Alabama. (closed at the end of December 2012)

Piggly Wiggly grocery store in Florence, South Carolina.

Disney Store in Reno, Nevada. (closed at the end of December 2012, recent reports say Disney will not renew its store leases)

Klingenberg’s Hardware and Paint store in Newport, Kentucky. (closed on 29 December 2012, after 90 years in business)

The Papery paper product store in Clarendon, Virginia.

Larmon Camera Shop in Wayne, Pennsylvania.

Tasti D-Lite frozen dessert West End store in Nashville, Tennessee.

Vision Video store in Athens, Georgia.

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Replies to this discussion thread
Arrow 30 replies Author Time Post
Reply Store closing plans for 2013 (Original post)
golfguru Feb 2013 OP
femmocrat Feb 2013 #1
NMDemDist2 Feb 2013 #6
DJ13 Feb 2013 #2
jtuck004 Feb 2013 #3
Purveyor Feb 2013 #4
golfguru Feb 2013 #10
Purveyor Feb 2013 #11
golfguru Feb 2013 #15
tavalon Feb 2013 #13
golfguru Feb 2013 #16
DreamGypsy Feb 2013 #5
golfguru Feb 2013 #19
Swede Atlanta Feb 2013 #7
golfguru Feb 2013 #18
dixiegrrrrl Feb 2013 #22
BrotherIvan Feb 2013 #8
golfguru Feb 2013 #12
tavalon Feb 2013 #14
OffWithTheirHeads Feb 2013 #9
golfguru Feb 2013 #17
Lugnut Feb 2013 #20
Notafraidtoo Feb 2013 #26
midnight Feb 2013 #21
greymattermom Feb 2013 #23
Arctic Dave Feb 2013 #24
OnlinePoker Feb 2013 #25
Notafraidtoo Feb 2013 #27
golfguru Feb 2013 #29
OnlinePoker Feb 2013 #30
Omaha Steve Feb 2013 #28

Response to golfguru (Original post)

Sat Feb 23, 2013, 10:44 PM

1. Should I be worried about Christopher and Banks/ CJ Banks?

They have the best sales! That is where I buy most of my clothing now.

JC Penney is having problems since they stopped having sales and coupons. I wouldn't shop there at all if it wasn't for the in-store Sephora.

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Response to femmocrat (Reply #1)

Sat Feb 23, 2013, 11:28 PM

6. penny's is back to the old model with sales etc n/t

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Response to golfguru (Original post)

Sat Feb 23, 2013, 10:44 PM

2. "We're on the road to recovery"

What they forgot to tell us is the road is a toll road, and the 99% pay for it.

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Response to golfguru (Original post)

Sat Feb 23, 2013, 10:44 PM

3. I would hate to see what this list would look like if we weren't in recovery. n/t

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Response to golfguru (Original post)

Sat Feb 23, 2013, 11:03 PM

4. You have a link to this list? eom

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Response to Purveyor (Reply #4)

Sun Feb 24, 2013, 12:31 AM

10. I never keep links because I read so much but will give you a hint

60% of the initial list is directly from a recent Yahoo Finance article I read very recently.
You should be able to find it by search on Yahoo.

When I read something worth posting, I copy excerpts from the article into a text file on my computer.

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Response to golfguru (Reply #10)

Sun Feb 24, 2013, 12:35 AM

11. I didn't think so... eom

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Response to golfguru (Reply #10)

Sun Feb 24, 2013, 12:42 AM

13. You've been here three years

You know we expect links. It's the sort of rigor we expect from our fellow DUers. Other places may not expect it, but we're a step above, academically speaking. Link it or dump it. It's probably perfectly legit, but the onus is on you.

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Response to tavalon (Reply #13)

Sun Feb 24, 2013, 12:48 AM

16. I have posted links above eom

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Response to golfguru (Original post)

Sat Feb 23, 2013, 11:15 PM

5. Here's a link for the first 8 retailers in the list...

...from BusinessInsider The 8 Retailers That Will Shut Down The Most Stores This Year: http://www.businessinsider.com/8-retailers-closing-the-most-stores-2013-2013-1

Couldn't find a source for the other closings.

Have a link for the rest, golfguru?

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Response to DreamGypsy (Reply #5)

Sun Feb 24, 2013, 01:00 AM

19. Please see post #15

If you Google, you will find a whole bunch more links.

My point is not the exact number of store closings, my point is this store closing
thing looks worse in 2013 than 2012.

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Response to golfguru (Original post)

Sat Feb 23, 2013, 11:34 PM

7. Appreciate the statistics but can you provide the significance????

Are these numbers unusual?

Do these numbers mean business is dropping and we expect the economy to significantly contract?

I love numbers and facts but am trying to understand what this means......

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Response to Swede Atlanta (Reply #7)

Sun Feb 24, 2013, 12:57 AM

18. I am seeing a whole bunch more articles on store closings now compared to this time in 2012

So I have to conclude this will be a bigger problem in 2013.

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Response to Swede Atlanta (Reply #7)

Sun Feb 24, 2013, 01:11 AM

22. Sears closed a bunch of stores last year

so add the closing planned for this year...not good.

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Response to golfguru (Original post)

Sat Feb 23, 2013, 11:35 PM

8. How much of this is due to online shopping?

How many people are buying online instead of in store? I do have to say the last time I was in a department store, I had to search for a salesperson for almost 10 minutes and then she was not knowledgable about goods from a different department. I felt very sorry for her as she was overworked and in all likelihood very undrpaid.

I see so many retailers switching over to self-checkout. The only difference for me between buying online and in store is customer service. Because retailers cut their staffs to the bone (before laying of management) they are in dire straits. I lived through the "downsizing" of a major retailer twice and they always made the absolute worst decisions for long-term company health.

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Response to BrotherIvan (Reply #8)

Sun Feb 24, 2013, 12:35 AM

12. On line shopping must be having an impact on brick+mortar stores

I have no data handy as to how much.

My thoughts are, all these closings will be a net negative on employment numbers.
On line selling requires less personnel.

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Response to BrotherIvan (Reply #8)

Sun Feb 24, 2013, 12:46 AM

14. Absolutely

I had no real concept of how much I was relying on online until I moved this last December - to a place that has a locked gate (no not fancy, just a usual thing on a dock - I live on a houseboat/barge) and no place to put packages. If not for Amazon locker, I probably would venture back into a brick and mortar.

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Response to golfguru (Original post)

Sun Feb 24, 2013, 12:09 AM

9. When people have no money to spend, they spend no money.

What the fuck do you expect when you pay people shit wages?

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Response to OffWithTheirHeads (Reply #9)

Sun Feb 24, 2013, 12:55 AM

17. There...you nailed it...

also add the rising cost of gasoline, 2% more tax on paychecks in 2013 over 2012,
higher health insurance and higher property tax.

My house actually dropped in assessed valuation, yet they raised my taxes 8%!!!!!
My retail shopping will be cut severely this year.

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Response to golfguru (Original post)

Sun Feb 24, 2013, 01:05 AM

20. Sheetz convenience store in Johnstown, Pennsylvania?

There's one Sheetz store here that's doing a ton of business. Go figure.

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Response to Lugnut (Reply #20)

Sun Feb 24, 2013, 06:42 AM

26. Thats what i was wondering

In VA where i used to live sheetz was always packed we had 4 in a 5 mile radius,i mean how do you go wrong with a Gas station store that sales really good fast food 24/7. It must have been just a really poor location,i see that all the time where i live i will say" I cant believe they are opening there so dumb" and sure enough will be closed with in a year.

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Response to golfguru (Original post)

Sun Feb 24, 2013, 01:07 AM

21. Restoration Hardware in Wauwatosa is closed.... More jobs lost for Milwaukee county....

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Response to golfguru (Original post)

Sun Feb 24, 2013, 01:48 AM

24. Good.

 

Most of those are bloated corporate megachains.

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Response to golfguru (Original post)

Sun Feb 24, 2013, 02:42 AM

25. Here's a comparison list of stores that closed in 2012

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Response to OnlinePoker (Reply #25)

Sun Feb 24, 2013, 06:45 AM

27. 500 Family dollar

The rise of the thrift store. This is going to hurt Wal-mart

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Response to Notafraidtoo (Reply #27)

Sun Feb 24, 2013, 02:46 PM

29. Did you also notice rise in Goodwill stores and consignment type stores?

The trend is clear. People just do not have enough disposable incomes after rise in gasoline and payroll taxes.

But my grocery store Winco is always crowded. People can't bypass eating I am guessing.
I have also noticed lot more use of EBT cards at the grocery store.

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Response to Notafraidtoo (Reply #27)

Sun Feb 24, 2013, 06:42 PM

30. I don't think too many people would be upset if Wal-mart was hurt

Though if you look at the list, they are opening up more Super-Centers so I don't think they'll really be effected that much.

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Response to golfguru (Original post)

Sun Feb 24, 2013, 08:17 AM

28. Lots of jobs to be lost....


Because consumers don't make enough at work to put back in the economy!

K&&R!

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