List of US Retail Store Closings in 2009 (Ongoing)
Following a shattering year of desperate company restructuring plans, bankruptcy filings, and subsequent store closures in 2008 within the US retail market, more news of store closings across America is anticipated in 2009. The flailing US economy is expected to force many retailers to shutter their storefronts in the coming months.
“You’ll see department stores, specialty stores, discount stores, grocery stores, drugstores, major chains either multi- regionally or nationally go out,” Flickinger, managing director of Strategic Resource Group, a retail-industry consulting firm in New York, said today in a Bloomberg Radio interview. “There are a number that are real causes for concern.”
NowPublic has compiled a list of companies that have entered administration, receivership, bankruptcy or have announced restructuring plans that will see the elimination of stores and jobs.
This list will be continually updated in order to keep track of all new developments within the US retail industry.
- Goody's Family Clothing (282 store closures, 9000 jobs)
- Kira Plastinina (all 12 US stores)
- Macy's (11 stores, 960 jobs)
- Brown Shoe Co (35 stores)
Kira Plastinina filed for bankruptcy protection within the first days of 2009. The Russian-based teenage designer, who just broke into the US market mid-2008, reportedly owes creditors over $54 million.
On January 8th, Macy's announced the closure of 11 underperforming stores.
Brown Shoe Co. announced on January 22, 2009 that it would close up to 35 stores and cut back functionality at their Missouri plant, where an additional 59 workers would be laid off.