Real Estate Blog
Friday, November 21 2008
Scents of pumpkin pie and cinnamon sticks signify people gearing up for the holiday season- the gift giving season. So portable, so flexible: gift cards are available for almost all retailers, from you favorite designer clothing store to your local hardware warehouse! This season, please be use caution before buying gift cards from stores that may be offering awesome end of the year sales only to close in the beginning of 2009.
With the economic woes squeezing the retail sales numbers tighter, many retailers have announced store closures or even company shut downs. *The following companies may not be at the usual location you are used to seeing them at:
Circuit City (filed Chapter 11)
Ann Taylor 117 stores nationwide closing
Lane Bryant, Fashion Bug, and Catherine's to close 150 stores nationwide
Eddie Bauer to close 27 stores and more after January
Cache will close all stores
Talbots closing down specialty stores
J Jill closing all stores (owned by Talbots),
Pacific Sunwear closing 154 demo stores and CA distribution center(also owned by Talbots)
Gap closing 85 stores
Footlocker closing 140 stores, more to close after January
Wickes Furniture closing down
Levitz closing down remaining stores
Bombay closing remaining stores
Zales closing down 82 stores and 105 after January
Whitehall closing all stores
Piercing Pagoda closing all stores
Disney closing 98 stores and will close more after January
Home Depot closing 15 stores
Macy's to close 9 stores after January
Linens and Things closing all stores
Movie Gallery closing all stores
Pep Boys closing 33 stores
JC Penny closing a number of stores after January
Wilsons Leather closing down all stores
Sharper Image closing down all stores
KB Toys closing 365 stores
Lowes to close some stores
Dillard's to close some stores
Please verify with other stores that may not be on this list.
Malls of America will have a new look, just don't let it be at your expense!
How do you feel regarding these closures? We'd love to get some feedback!
*Joa Realty recommends doing the research concerning these retailers and the plans of the stores in your neighborhood. Joa Realty is not responsible for the accuracy of the status of these companies. Companies may change their plans, and they may not reflect the statements of this article.