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

70      Gamestop (Spain)

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)

63       Pep Boys (“in the coming years”)

60       Aaron's

60      Crumbs Bake Shop

60      Wolverine World Wide (Stride Rite and Keds)

56      Naartjie Kids

55      Sprint

54      Destination Maternity

54      Golf Galaxy (by 2016)

50      Express (through 2015)

50      Guess (through 2015)

50      Kitchen Collection

48      Wet Seal

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

23      Winn-Dixie

22      Homemade Pizza Co.

20      Barnes & Noble

20      Delhaize

20      Gilly Hicks

20      Pick ’n Save (by 2017)

20      SONY

18     ALCO

17     Cato

17     Christopher & Banks

16     2b (bebe)

15     Office Depot

13     Mill Stores Furniture Outlet

12     Peet’s Coffee & Tea

12     Target

11     American TV & Appliance

10     Ann Taylor

10     Rite Aid

This list was last updated on October 6, 2014.

Website: http://retailindustry.about.com/od/USRetailStoreClosingInfoFAQs/fl/All-2014-Store-Closings-US-Retail-Industry-Chains-to-Close-Stores_2.htm
Members: 18
Latest Activity: Mar 12

Discussion Forum

Retail Sales Crumble, Suffer Worst Run Since Lehman

Started by Ra Mar 12. 0 Replies

Moments ago the Commerce department reported that in February, retail sales missed once again and missed big and across the board, the third big miss in a row, with the headline print coming at…Continue

Target will eliminate “several thousand” jobs in plan to save $2 billion.

Started by Ra Mar 3. 0 Replies

Target TGT 0.41% is best known for its nearly 1,800 big-box stores. But it’s betting its future on grabbing…Continue

Tags: Layoffs

Another Record: $4.235 Per Pound for Ground Beef

Started by Ra. Last reply by Mr Chicken Feb 27. 1 Reply

(CNSNews.com) - The average price of a pound of ground beef climbed to another record high -- $4.235 per pound -- in the United States in January, according to data released today by the Bureau of…Continue

Tags: Food, Inflation

UPS Tumbles On Missed Earnings, Blames US Domestic Weakness

Started by Ra Jan 23. 0 Replies

We can only imagine how fast the narrative is being re-written as bellwether of "everything is awesome" in America, United Parcel Service missed earnings expectations and lowered guidance and is…Continue

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Comment by guest_blog on March 12, 2015 at 9:39am
Retail Sales in U.S. Unexpectedly Fall for Third Straight Month
12 March 2015, (Bloomberg)
http://www.bloomberg.com/news/articles/2015-03-12/retail-sales-in-u...

Excerpt:

Sales at U.S. retailers unexpectedly decreased in February for a third consecutive month as inclement weather and low wage gains restrained shoppers.

The 0.6% drop followed a 0.8% decrease in January, Commerce Department figures showed Thursday in Washington.

The median forecast of 86 economists surveyed by Bloomberg called for a 0.3% gain.

Sales declined in nine of thirteen major categories, led by auto dealers and building supply merchants.
Comment by Ra on February 26, 2015 at 9:23pm

Another Record: $4.235 Per Pound for Ground Beef

Posted February 26, 2015 3:38 pm by PatriotRising

Bureau of Labor Statistics admits huge rise in food prices

The average price of a pound of ground beef climbed to another record high — $4.235 per pound — in the United States in January, according to data released today by the Bureau of Labor Statistics (BLS).

In August 2014, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, according to the BLS. In September, the average price jumped to $4.096 per pound; in October, the average price climbed to $4.154 per pound; and in November, the average price climbed to $4.201 per pound. In December, the price declined slightly to $4.156 per pound. But in January 2015,ground beef hit the highest price ever recorded at $4.235 per pound.

A year ago, in January 2014, the average price for a pound of ground beef was $3.467 per pound. Since then, the average price has increased 22.2 percent in one year.

Five years ago, in January 2010, the average price of a pound of ground beef was $2.279, according to the BLS. The price has since climbed by $1.956 per pound, or 85.8 percent.

The overall Consumer Price Index measures the relative change in the prices of a basket of goods and services relative to a basis of 100. Subordinate indexes measure the relative change in price for individual goods or services or categories of goods and services.

While the price of ground beef hit a record high in January, the CPI went down. “The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.7 percent in January on a seasonally adjusted basis,” the U.S. Bureau of Labor Statistics reported today. “Over the last 12 months, the all items index decreased 0.1 percent before seasonal adjustment.”

http://patriotrising.com/2015/02/26/another-record-4-235-per-pound-...

Comment by Ra on February 17, 2015 at 7:28pm

Retail Sales & The Market's Looming "Gotcha" Moment

Over the last few days, there have been numerous articles puzzling over the surprise drop in latest retail sales report.

"At first blush, the January U.S. retail sales data were disappointing. So, the early evidence confirms the Visa survey that the savings from the plunge in energy costs is being put into the cookie jar instead of being used to buy more cookies." - David Rosenberg

 

"U.S consumers are getting more caution about how they spend their savings from low gas prices." - Akin Oydele

Of course, the fact that retail sales did not surge is not much of a surprise for several reasons:

1) Considering that labor force participation for the key employment group aged 16-54 is near the lowest levels since the late 70's, the demand for gasoline has fallen due to fewer people driving to work. The large group of non-counted but unemployed individuals combined with increased levels of productivity due to technology remains an impediment to increased spending that is derived from production. (An individual must produce first in order to consume.)

http://www.zerohedge.com/news/2015-02-17/retail-sales-markets-loomi...

Comment by Ra on November 10, 2014 at 5:36pm

http://consumerist.com/2014/08/21/sears-continues-retail-death-spir...

For the ninth quarter in a row, Sears Holdings Corporation has lost money. Even as the company closes stores, rents out remaining stores, and tries desperate moves like opening early on Thanksgiving Day and making fun of itself in its own ads, the company continues to sell itself for parts in a sad retail death spiral. Yet is there anything that you should consider buying at Sears while it still exists? Are Americans who sneer at Sears missing out? Maybe.

The chain has been trying more brand synergy, selling Kenmore and Craftsman appliances in Kmart stores if you can find one. Whether this is a good thing depends on what type of appliance you’re looking for. Our colleagues down the hall at Consumer Reports test items from a wide variety of companies, including house-brand items at Sears. They recently made a handy list of things that you should consider buying, and things that you should stay away from. No, “Sears stores” are not one of those things.

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
 

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