Business that will most likely file bankrupscy or close, post-Christmas

by free2beme 2 Replies latest jw friends

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  free2beme

  I know a lot of people who work in retail businesses or have members of their family in the retail business. All of them have said their business is down or they are cutting prices to the point that the profit margin is low and with less sales, it is making for a rough way to pull in to the black. Not to mention the fact that several stores have empty shelves at this point, due to buying less inventory then they did in years past. So with this in mind, many economist are saying that entire malls may close in 2009 and to expect several chains to file for bankruptcy in 2009 or close all together. The ones I predict to file or close, based on what I have seen.

  JCPennys

  Macys

  Sears

  Best Buy

  Radioshack

  Bed Bath and Beyond

  Which ones do you think will fold?
• 

  Scarred for life

  I don't think any of these will fold. I think it will mainly be small, family-owned stores like jewelry stores that will close. I also understand that some of the larger jewelry store chains like Bailey, Banks and Biddle and Kay Jewelers are hurting. Some of those teen stores like Limited Too, Justice, Aeropostale, Hollister may be finished too. Does anybody shop at K-mart anymore? I don't think so. Wal-Mart has defeated them. They're done.

  I also think that a lot of businesses like tanning salons will close. People arent' spending their money on that kind of stuff.
• 

  sammielee24

  Nail and hair salons have lost a lot of business because people are stretching out or forgoing their nails and 'do's' longer than ever. High end stores are hurting and pretty anything that can be deemed as unnecessary at this point, means doing without. As for Mervyns or any of those stores that are out of business and have those major sales just before - be warned.

  Prior to our Mervyns liquidation, we had gone into the store often checking out the sales etc..and that was before the announcement came that they were going to close for good. We knew what the sale prices were and goods they had etc for quite some time. In come the liquidators and lo and behold, all the stuff we had been able to buy at 60% before, was marked up to full retail and then dropped by 25%.

  Here's a list of some of the major US retailers who have closed some or all of their stores this year - note that this list will be updated as more store closures or details are announced:

  • Ann Taylor (117)
  • Movie Gallery (378)
  • Sprint/Nextel (125)
  • Ethan Allen (12)
  • Dell (140)
  • Friedmans (120)
  • Pier 1 (25)
  • Sigrid Olsen (54)
  • Talbots Kids/Mens (78)
  • Home Depot (15)
  • Eddie Bauer (29)
  • GAP (85)
  • Footlocker (140)
  • Bombay (all 384 stores)
  • Disney (98)
  • Macy's (11)
  • JC Penney (scaling back)
  • Loews (scaling back)
  • Sharper Image (184)
  • Wilson Leather (160)
  • Pep Boys (31)
  • Pacific Sunwear / PacSun (154 Demo stores)
  • Zales (105)
  • Cache (20)
  • Lane Bryant (40)
  • KB Toys (356)
  • Dillards (26)
  • Fashion Bug (100)
  • CompUSA (all stores)
  • Linens 'N Things (all 371 stores)
  • Mervyn's (all 149 stores)
  • Club Libby Lu (Saks owned) (all 78 stores)
  • Steve & Barry's ( all 173 stores )
  • Sergio Rossi (all standalone US stores)
  • Office Depot (126 stores