Retail Store Closings

Information

Retail Store Closings

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

400    Office Depot/Max (by 2016)

370    Family Dollar

365    Coldwater Creek

360    Dots

300    Blockbuster

300    Sears

225    Staples (through 2015)

223    Barnes & Noble (through 2023)

200    Radio Shack (through 2017)

180    Abercrombie & Fitch (by 2015)

175    Aeropostale (“over the next several years”)

170    Jones Group (by mid-2014 )

155    Sbarro

150    American Eagle Outfitters (through 2017)

150    Rent-A-Center

145    Brown Shoes / Famous Footwear

128    GameStop

125    Children’s Place

125    P.S. from Aeropostale

100    Advance Auto

100    Crocs

91      Blockbuster (UK)

80      Wolverine World Wide (2015 - Strike Rite & Keds)

80       Kmart

76       EE

76       Walgreens

75       7-Eleven

74       McDonald's (Japan)

73       Liquidation World (Big Lots Canada)

70       Coach (fiscal 2015)

70       Juicy Couture

65       Fastenal

63       Build-A-Bear (through 2014)

60       Aaron's

60      Crumbs Bake Shop

60      Wolverine World Wide (Stride Rite and Keds)

55      Sprint

54      Destination Maternity

54      Golf Galaxy (by 2016)

50      Express (through 2015)

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     Papa John’s

25     Yankee One Dollar Stores

22     Homemade Pizza Co.

20     Barnes & Noble

20     Delhaize

20     Gilly Hicks

20     SONY

18     ALCO

17     Cato

16     2b (bebe)

15     Office Depot

12     Peet’s Coffee & Tea

12     Target

11     American TV & Appliance

10     Ann Taylor

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 August 26, 2014.

Website: http://retailindustry.about.com/od/USRetailStoreClosingInfoFAQs/fl/All-2014-Store-Closings-US-Retail-Industry-Chains-to-Close-Stores_2.htm
Members: 17
Latest Activity: Oct 17

Discussion Forum

Wal-Mart workers strike in major cities

Started by Tara. Last reply by Ra Aug 24. 1 Reply

Wal-Mart workers Wednesday joined strikes in several major cities.Union organizers said employees were set to walk picket lines through out the day in Tampa, Miami, Chicago, Milwaukee, Minneapolis,…Continue

Tags: living, wages, corporations, cities, strike

Has The Next Recession Already Begun For America’s Middle Class?

Started by Tara Jun 3. 0 Replies

Has the next major economic downturn already started?  The way that you would answer that question would probably depend on where you live.  If you live in New York City, or the suburbs of Washington…Continue

Tags: sales, economic, downturn, retail, depression

Where are we headed? Original Content

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

Tags: service, economy, private, enterprice, independence

Comment Wall

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Comment by Ra on October 17, 2014 at 6:56am

oh #SNAP “Wal-Mart cut its forecast for sales growth…citing lower food-stamp payment payments…” – WSJ
October 16th, 2014

Read more at http://investmentwatchblog.com/oh-snap-wal-mart-cut-its-forecast-fo...

Comment by Ra on October 7, 2014 at 4:36pm

More of Wal-Mart's Part-Time Workers Lose Their Health Benefits
By Susan Berfield October 07, 2014

Wal-Mart Stores (WMT), the biggest private employer in the U.S., is cutting health benefits for part-time workers. Target (TGT), Home Depot (HD), Trader Joe’s, and others have already done the same. But Wal-Mart is the retailer most often criticized for paying wages too low to live on. Among the complaints of union-backed protesters is that employees who want to work full-time can’t always get the hours. So the company’s decision to cut benefits for those most financially vulnerable is likely to get extra scrutiny.

By January, Wal-Mart said, it will no longer offer health insurance to employees who work less than an average of 30 hours a week. Some 30,000 people, or about 2 percent its total 1.4 million U.S. workforce, will be affected. If that doesn’t sound like a lot, it’s because three years ago the retailer cut health benefits for part-timers who work less than 24 hours a week.

“We don’t make these decisions lightly, and the fact remains that our plans exceed those of our peers in the retail industry,” Sally Wellborn, Wal-Mart’s senior vice president for global benefits, wrote on the company’s blog. Apparently far more U.S. employees and their families than expected are enrolling in Wal-Mart’s health-care plan rather than Affordable Care Act plans. That might be because of the penalties now in place for remaining uninsured. Earlier this year the company estimated its annual health-care costs would be about $330 million. Now that figure is $500 million.
Story: Underpaid Employees Are a Cybersecurity Risk

Wal-Mart says it’s working with a consultant, HealthCompare, to “personally guide our associates through the process of finding the right, affordable health care.” It’s also possible that the part-timers will now be eligible for a subsidy under Obamacare.

The announcement comes during a time of financial stress for the company. In August, Wal-Mart reported its sixth-straight quarter without sales growth at stores open at least a year and reduced its profit estimates for the year. It cited investments in its e-commerce business as one reason. Increasing health-care costs were the other.

Comment by Ra on October 6, 2014 at 11:17am

The incarceration of the American consumer

How do corporate attorneys sleep at night considering that with the power of their large corporate clients, they often crush the freedoms of workers, consumers and small communities who are trying to break out of a complex web of shackles?

These highly paid power lawyers expertly weave an intricate system of controls into one-sided contracts enforced by laws garnished with the muscle of big business to wear down all but the most intrepid shoppers.

I am not only referring to the mass marketing scams, crams, deceptions and hidden frauds. Who can keep track of this proliferation in the credit, lending, insurance, cell phone, car, health care, home repair and mortgage businesses? Every year, books and manuals come out to show consumers how they can smartly protect themselves and their money. They are written in a clear, detailed and graphic manner, but they almost never become best sellers.

Vendors are trained to rip people off from a distance and make them feel good at the same time. That is one of the purposes of advertisements and packaging. Ripping off consumers is made easier because elementary and high schools neglect this subject. After twelve years of education, millions of students are unequipped with the needed knowledge that can enable them to make astute purchases and pursue remedies if they are cheated.

We need to focus on the incarcerating infrastructure that corporate attorneys build year after year to insulate their corporate paymasters from structural accountability under the rule of law.

http://www.presstv.ir/detail/2014/10/06/381251/the-incarceration-of...

Comment by Ra on September 12, 2014 at 10:05am

Retail Sales "Ex-Autos" Growth Slowest Since January

Retail Sales rose 0.6% in August - precisely as expected - with July revised from 0.0% to +0.3% but Ex-Autos the +0.3% growth, which matched the revised July number, was the slowest since January's "harsh weather" impact. The 'control group' (ex food, auto dealers, and building materials) missed expectations at +0.4% vs +0.5% exp slipping to its slowest growth in 3 months. Under the surface it appears the gains in sales are driven mostly by a 1.5% rise in auto sales - as more subprime credit is loaded onto the US consumer.

Ex-Autos, sales slipped to its slowest since January:

As the headline growth was driven largely by Auto Sales...

The silver lining is that retail sales rose in virtually all, or 11 of 13, major categories, with just department stores and gas stations seeing a decline:

Finally, here is the retail sales control group on a Y/Y and M/M basis, which feeds into the GDP calculation:

So how long until the "harsh snowfall" crushes this fragile growth once again?

Comment by Ra on September 10, 2014 at 8:39am

Chart Of The Day: McDonalds Has Worst Month In A Decade

Whether because eaters around the world and in the US would rather eat even fattier, more expensive, more calorific equivalents such as MCD-spinoff Chipotle, or because the global consumer/eater can not even afford the cheapest form of a dollar meal, is unknown, but what is quite clear is that the company which was once the bellwether of the US commodity eater, McDonalds, just reported global comp store sales which saw a decline of -3.7% from a year ago, its worst monthly print in a decade!

This was driven in big part by the US where comparable sales declined by 2.8% in August and have not posted a positive monthly print since December, but mostly due to Asia where as a result of the ongoing fast-food scare, comp store sales cratered by a record 14.5%. If indeed this is part of a secular shift away from made in the US fast food, and if this too is as a result of an Edwards Snowden-predicated backlash against all that is US, then Asians truly owe the NSA whistleblower: they just added some 10 years to their average life expectancy.

Comment by Nikki on August 24, 2014 at 2:26pm
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 HwΩΩd♪ 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...

 

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