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Retail Store Closings

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Retail Store Closings

Complete List of U.S. Retailers Closing Stores, Going, Bankrupt, and Going Out of Business in 2014:

200    Radio Shack

370    Family Dollar

365    Coldwater Creek

360    Dots

300    Blockbuster

300    Sears

225    Staples (through 2015)

223    Barnes & Noble (through 2023)

180    Abercrombie & Fitch (by 2015)

175    Aeropostale (“over the next several years”)

170    Jones Group (by mid-2014 )

155    Sbarro

150    Rent-A-Center

145    Brown Shoes / Famous Footwear

128    GameStop

125    Children’s Place

125    P.S. from Aeropostale

91      Blockbuster (UK)

76      EE

76      Walgreens

74      McDonald's (Japan)

73      Liquidation World (Big Lots Canada)

63      Build-A-Bear (through 2014)

60      Aaron's

55      Sprint

50      Kitchen Collection

42      Edwin Watts Golf

42      Fresh & Green's

39     Loehman's

33     Archiver's

33     JCPenney

26     Albertson's

26     Wet Seal

25     Build-A-Bear (through 2015)

25     Yankee One Dollar Stores

20     Barnes & Noble

20     Delhaize

20     Gilly Hicks

20     SONY

18     ALCO

17     Cato

15     Office Depot

12     Target

11     American TV & Appliance

7       Noni B

7      OfficeMax

6      Cord Camera

5      Bi-Lo

5      Macy's

4      Len Druskin

4      Meat House

4      Sprint Gas Stations

3      Ace Hardware

3      ACO Hardware

3      Books-A-Million

3      Champps Americana

3      Williams-Sonoma

2      Arden B

2      Best Buy

2      Finger Furniture

2      Haverty’s

2      JMR Chalk Garden

2      Kroger

2      Lolabella Boutique

2      My Favorite Toy Store

2      Nordstrom

2      Powell’s Books

2      Rainbow Foods

This 2014 U.S. Retail Store Closings list is arranged numerically according to the number of store closings. The number in the left column is the total number of stores that have been designated for closing in 2014. This list will be updated continuously throughout 2014 as more information about U.S. retail chain store closings domestically and internationally becomes available The latest additions are indicated with bold lettering. This list was last updated on April 30, 2014.

Website: http://retailindustry.about.com/od/USRetailStoreClosingInfoFAQs/fl/All-2014-Store-Closings-US-Retail-Industry-Chains-to-Close-Stores_2.htm
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Started by Less Prone. Last reply by Less Prone May 27. 2 Replies

The closing retail stores are one symptom of the destruction of the western world that started a long time ago. In comparison with banker abused Europe the United States got a fresh start when…Continue

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Comment by Ra on July 10, 2014 at 1:53pm

Lumber Liquidators Provides Second Quarter 2014 Business Update And Revises Outlook For Full Year 2014

TOANO, Va., July 9, 2014 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, today provided a business update for the second quarter ended June 30, 2014, and revised its outlook for 2014.
 

Net sales decreased 7.1% for the quarter, in comparison to an increase of 14.9% for the second quarter of the prior year. The Company operated 344 stores at June 30, 2014, including 13 new stores opened during the second quarter, up from 300 at June 30, 2013.

Gross margin in the second quarter of 2014 is expected to contract in comparison to the second quarter of 2013 due primarily to adverse net shifts in sales mix and greater discounting at the point of sale. Selling, general and administrative expenses are expected to be approximately 9.0% higher than the second quarter of 2013 primarily due to higher advertising, occupancy, legal and professional expenses. The Company anticipates second quarter 2014 earnings per diluted share will be in the range of $0.59 to $0.61, compared to earnings per diluted share of $0.73 in the second quarter of the prior year.

Comment by Ra on July 10, 2014 at 1:06pm

Family Dollar Shares Slump As Profit Falls (7/10/2014 @ 9:54AM)

Shares of Family Dollar, which last month got the Carl Icahn bump after the billionaire and activist investor revealed he had taken a large position in the company, have dipped in early Thursday trading after the discount retailer revealed third quarter profit that was a decline over the prior-year-period, and a larger-than-expected one at that.

Family Dollar reported $2.66 billion in third quarter revenue, a 3.3% uptick from the year-ago quarter and a figure that beat the Street consensus by roughly $300 million. The company’s profit, however, lagged: net income dropped to $81.1 million (down from $120 million this time last year), resulting in earnings of 71 cents per share. Excluding special items — a 14-cent per-share impact related to restructuring charges — Family Dollar’s profit came in at 85 cents per share, a figure that fell four cents shy of the analyst consensus.

Same-store sales for the quarter declined 1.8%, which the company said was the result of fewer customer transactions.

“Our results continue to reflect the economic challenges facing our core customer and an intense competitive environment,” Family Dollar chairman and CEO Howard Levine said in a statement Thursday morning. “We are pleased that our comparable store sales results in the third quarter in all four merchandise categories improved relative to our second quarter results. Although our sales results remain below our expectations, we are encouraged by the improving trends.”

Levine reiterated the company’s intent to close 370 underperforming stores by the end of its fiscal year as well as its intent to slow its expansion plans. Family Dollar originally wanted to open 525 new stores in 2015; it now plans to open between 350 and 400.

Looking ahead to its fourth fiscal quarter, Family Dollar projects that comparable store sales will be flat and that earnings will fall somewhere between 75 cents and 85 cents per share, excluding a 37-cent per-share charge related to restructuring costs. Including those costs, earnings will fall between 38 cents and 48 cents per share. Family Dollar forecasts that full-year earnings will fall between $2.56 and $2.66 per share, including a 51-cent per-share charge related to restructuring.

Following the release of these earnings results, Family Dollar stock opened in the red and are currently 2.3% down. Year-to-date, the stock is down 2.8%.

http://www.forbes.com/sites/maggiemcgrath/2014/07/10/family-dollar-...

Comment by H●ȴȴɣwͼͽd on June 11, 2014 at 8:05am

rat shack been going down hill since the Asians invaded the US Electronics market in the early 70's. I was raised on Rat Shack, now I have to "Special" order tips for my 100 watt gun, used to walk in and grab a 2 pack off the rack, $1.89.......now $5 & change w/ tax.....and gawwwd, try finding a 47u cap @ 450 volts there now......guess the days of the "do it your selfers" is a dead art now ;( Now the rat shack has turned into another gawdamn gubmint spy tracking device retailer (cell phones & cell phone accessory's)

Comment by Ra on June 11, 2014 at 7:42am

RadioShack is failing to reboot.

The struggling retailer said Tuesday that it plans to shutter 200 more stores, a further sign of the exodus from brick and mortar electronic shops.

In March, the company said it would close as many as 1,100 of its more than 4,000 shops, but its lenders limited the closures to just 200 stores. RadioShack (RSH) will focus instead of remodeling some of its existing properties and rebranding.

Shares tumbled over 10% after the company reported a quarterly loss that was twice as bad as Wall Street expected.

The stock is down more than 45% this year and has lost 90% of its value over the last five years. At roughly $1.38 per share, it's tinkering in penny stock territory.

RadioShack CEO Joseph C. Magnacca blamed an industry-wide downturn in consumer electronics and weak demand for the current slate of mobile phones.

Related: Best Buy to Silicon Valley: Please innovate more

Revenue was down 13% compared to a year ago.

RadioShack's problems run deep. The company already closed 22 stores so far this year and could potentially be headed for bankruptcy in 2015, according to Brad Thomas, an analyst with KeyBanc Capital Markets.

"This is a company that's still having a very difficult time. It's hard to find many silver linings here," says Thomas, who cited metrics such as negative earnings and negative free cash flow as reasons for his pessimism.

Related: Office Depot to close at least 400 stores

Still, the retailer isn't giving up without a fight. Its turnaround strategy includes brand partnerships and the remodeling of 100 stores in an attempt to breath fresh air into a company that many analysts and consumers consider outdated.

The company hasn't exactly denied the perceptions that it's out of touch with the modern retail world. It ran a Superbowl commercial poking fun of itself by featuring a 1980s theme.

The ad boosted the stock temporarily, but doesn't appear to have had a meaningful impact on the company's bottom line.

"I think it's probably going to prove to be too little too late," says Thomas of RadioShack's turnaround efforts, adding that even with an improvement in results, the company is still burning too much cash.

Of course, RadioShack isn't the only consumer electronics chain to suffer. Best Buy (BBY) share are down 26% over the last year, despite its own attempts as a turnaround.

http://money.cnn.com/2014/06/10/investing/radioshack-earnings-close...

Comment by gone fishing on May 29, 2014 at 1:50am
ECONOMIC DEATH -- Retail Apocalypse
Comment by Ra on May 27, 2014 at 11:14am

April 2014

With a 16.5% increase in working age Americans since 2000 and only a 6.5% increase in employed Americans, along with declining real household income, an inquisitive person might wonder how retail sales were able to grow from $3.3 trillion in 2000 to $5.1 trillion in 2013 – a 55% increase. You need to look no further than your friendly Too Big To Trust Wall Street banks for the answer. In the olden days of the 1970s and early 1980s Americans put 10% to 20% down to buy a house and then systematically built up equity by making their monthly payments. The Ivy League financial engineers created “exotic” (toxic) mortgage products requiring no money down, no principal payments, and no proof you could make a payment, in their control fraud scheme to fleece the American sheeple. Their propaganda machine convinced millions more to use their homes as an ATM, because home prices never drop. Just ask Ben Bernanke. Even after the Bernanke/Blackrock fake housing recovery (actual mortgage originations now at 1978 levels) household real estate percent equity is barely above 50%, well below the 70% levels before the Wall Street induced debt debacle. With the housing market about to head south again, the home equity ATM will have an Out of Order sign on it.

Comment by Ra on May 27, 2014 at 7:23am
Comment by Ra on May 26, 2014 at 3:05pm

Retail store results for the 1st quarter of 2014 have been rolling in over the last week. It seems the hideous government reported retail sales results over the last six months are being confirmed by the dying bricks and mortar mega-chains. In case you missed the corporate mainstream media not reporting the facts and doing their usual positive spin, here are the absolutely dreadful headlines:

Wal-Mart Profit Plunges By $220 Million as US Store Traffic Declines by 1.4%

Target Profit Plunges by $80 Million, 16% Lower Than 2013, as Store Traffic Declines by 2.3%

Sears Loses $358 Million in First Quarter as Comparable Store Sales at Sears Plunge by 7.8% and Sales at Kmart Plunge by 5.1%

JC Penney Thrilled With Loss of Only $358 Million For the Quarter

Kohl’s Operating Income Plunges by 17% as Comparable Sales Decline by 3.4%

Costco Profit Declines by $84 Million as Comp Store Sales Only Increase by 2%

Staples Profit Plunges by 44% as Sales Collapse and Closing Hundreds of Stores

Gap Income Drops 22% as Same Store Sales Fall

American Eagle Profits Tumble 86%, Will Close 150 Stores

Aeropostale Losses $77 Million as Sales Collapse by 12%

Best Buy Sales Decline by $300 Million as Margins Decline and Comparable Store Sales Decline by 1.3%

Macy’s Profit Flat as Comparable Store Sales decline by 1.4%

Dollar General Profit Plummets by 40% as Comp Store Sales Decline by 3.8%

Urban Outfitters Earnings Collapse by 20% as Sales Stagnate

McDonalds Earnings Fall by $66 Million as US Comp Sales Fall by 1.7%

Darden Profit Collapses by 30% as Same Restaurant Sales Plunge by 5.6% and Company Selling Red Lobster

TJX Misses Earnings Expectations as Sales & Earnings Flat

Dick’s Misses Earnings Expectations as Golf Store Sales Plummet

Home Depot Misses Earnings Expectations as Customer Traffic Only Rises by 2.2%

Lowes Misses Earnings Expectations as Customer Traffic was Flat

Comment by gone fishing on May 25, 2014 at 7:27pm

RETAIL DEATH RATTLE GROWS LOUDER

The absolute collapse in retail visitor counts is the warning siren that this country is about to collide with the reality Americans have run out of time, money, jobs, and illusions. The exponential growth model, built upon a never ending flow of consumer credit and an endless supply of cheap fuel, has reached its limit of growth. The titans of Wall Street and their puppets in Washington D.C. have wrung every drop of faux wealth from the dying middle class. There are nothing left but withering carcasses and bleached bones.

Comment by Nikki on May 23, 2014 at 12:08am

With the price of gas at almost $5/gal, I shop online as much as possible. I like Costo and Target. I go to Fry's for electronics and haven't been in a Best Buy in years. Some of the stores on this list should have closed a long time ago ;)

 

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