Have you notice alot of Business Are Now Going Out of Business? (Raleigh: lease, home)

[SunnyKayak]

The information below is national and could effect some stores in this area

Ann Taylor closing 117 stores nationwide A company spokeswoman said the company hasn't revealed which stores will be shuttered. It w ill 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 stores
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 comment

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 landlords. Those subsidiaries of Children's Place filed for bankruptcy protection in late March. Walt Disney in the news release said it has also obtained the
right to close about 98 Disney Stores in the U.S. Th e press release didn't list those stores.

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 U.S.stores being closed represent less than 1 percent of its existing stores. They will be shuttered within the next two months

[Barkingowl]

Whoa!

[jaynarie]

Linens 'N Things is going out of business as well. I know the Mooresville store has things discounted.

[Art1979]

I was driving down 51 Friday night, and it appears the Tijuana Flats and Java Detour near Pineville have closed up shop. Didn't they open up not too long ago?

[CouponJack]

Is anyone surprised? I mean really...?

Most of the women who went to those clothing stores are now shopping at Walmart and Target...they can't afford those prices anymore.

Look at McDonalds...food is cheap, dollar menu....business is up.

I was at the grand opening for the Lowes on 74 in Indian Trail over the weekend. Saturday around 11am the store was DEAD. People are not spending as much overall like they used too.....

I suspect like most this will get worse......

[SunnyKayak]

here some more

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=2 0December 12 can be redeemed at any time during the final sale. For those who have a gadget currently in for service20with CompUSA, the repair will be completed and the gadget will be returned to owners.
http://www.news.com/8301-10784_3-9834177-7html
<http://www.news.com/8301-10784_3-9834177-7.html>

Macy 's - 9 stores

Movie Gallery - 160 stores as part of reorganization plan to exit
bankruptcyThe 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.

Pacific Sunwear - 153 Demo stores

Pep Boys - 33 stores

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.20Amid 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% of company-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 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

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

Bombay Company: The company unveiled plans to close all 384 U.S-based Bombay Company stores. The company's online storefront has discontinued operations.

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 underperforming 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

[pink caddy]

Originally Posted by SunnyKayak

The information below is national and could effect some stores in this area

Merry Christmas and a Happy New Year from your sponsers listed above. Bah Humbug.

[flexysteve]

I'm not really surprised at the store closings in Huntersville. There are entirely too many restaurants and stores between exits 19 and 28. Then they are pretty much all there again at 36. The population isn't big enough to support that many restaurants and stores. There's 3 supermarkets at exit 23 and 2 at exit 25.

Thank God they didn't start building that huge shopping area in Cornelius.

I wish they would bulldoze the abandoned shopping areas and make parks out of them.

[BrianH1970]

I think a bit of that's Darwinian. You got places like Starbucks that was just dropping them anywhere there was space to do so. You had other places dropping stores as close to their competition as they could (Home Depot's right next to a Lowes, a Circuit City right next to a Best Buy). I think it just became excessive in a lot of cases. Almost like trying to throw as many grenades at your enemy as possible, and then wind up blowing yourself up in the process.

The economy isn't helping matters for those places, that's for sure.

[SunnyKayak]

Can you imagine if places like Birkdale are hit by this it probably kill home values around Birkdale since shopping is one of the main attractions for living there.
It already loss Bombay and who knows if the Ann Taylor, Talbot and Gap will be hit.
Imagine Birkdale with nothing but empty store fronts