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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)
Additional Notes:
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.
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Most RecentMost Recommended Comments (16)
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Geneva Bat 14:00 on January 7th, 2009
Kira Plastinina! Isn't she like 16 or something? I think she's already made enough money for her age :)
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Terri Potratzat 14:19 on January 7th, 2009
I think she was actually using her daddy's money ;)
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Brenda M. (not verified)at 13:45 on January 8th, 2009
Her stores never really took off here.
at 14:20 on January 8th, 2009
Even with "Daddy's" money, one still needs brains to achieve something, but I find her stuff too teenager-y and not very unique.
at 19:11 on January 8th, 2009
Sadly, I met three of Goody's fashion designers, we took a fashion illustration software class together.
Kira's clothes were to expensive for the teens she designs for, and too skimpy for their parents to chose for them. American teens wear larger sizes, that's a fact. If they went up to 13/14, 15/16 junior sizes they may have had a following.
at 10:24 on January 9th, 2009
THERE IS A STORE HERE IN vEGAS THAT WILLNOT EVEN OPEN....TOO BAD
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Terry Voots (not verified)at 06:24 on January 12th, 2009
I see that many news closing stores are because they are under performing. It's hard to to ask what does that mean. Under performing means to me, it's still making money, but not enough. Is this the greed factor? We can't get 3% in a bank and investors close stores and businesses if they can't 5+ in gains or something like that is what I think I understand. Is it not good just to get any profit right now. Closing all your stores when they only get a few percent sounds like a greed factor.
Shame on America
at 07:54 on January 16th, 2009
I know Searle in NYC just filed for bankruptcy :(
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Terri Potratzat 12:55 on January 16th, 2009
Indeed - it appears they are hoping someone will purchase the company, but if that doesn't happen soon then liquidation and store closures will likely come next. I will update the list and story as developments occur.
Searle Files for Bankruptcy
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Jamie Murray (not verified)at 13:22 on January 22nd, 2009
I live in Northern Atlanta. I have noticed in the last year both of my area Hollywood Videos, both Circuit Citys, several Auto dealerships, a Outback Steakhouse, Corkys, Value City and a Office Depot have all closed. The CompUSA stores were closed 2 years ago. Most recent closure are the Limited stores.
These are in my 20 mile radius, I'm sure there are more that I have not even noticed. I myself don't make many retail purchases but I'm tired of seeing stores closed with 'for rent' signs that never go down and yet they keep on building those ugly little Strip Malls. Go figure. I have houses on my block that have been for sale for over a year.
at 14:52 on January 23rd, 2009
Filene's Basement plans to close 11 of its 36 stores. The shutterings include two locations in Pennsylvania, and one each in New Jersey and New York.
So sad!
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Gyanhumara (not verified)at 10:47 on January 24th, 2009
RE: store closings. While the list may be long in a big metropolitan area such as Atlanta, what is really sad is when, for example, one of the very few fashion stores in a rural town closes. That can be devastating for the local economy. I agree there is a lot to be said for Internet shopping, and I have shopped that way for years, but I also try to balance that with supporting my local merchants. That's the only way to keep the "ghost-town malls" at bay. (And anyone with a woman's figure knows how frustrating it can be to buy jeans online. :)
RE: profit margins. With all the news about greedy CEOs, it is tempting to believe that a company's profit margin simply exists to line executives' bottomless pockets. The truth is that usually most of the profit margin gets plowed back into product development and other activities intended to grow the business. If a company has to accept a lower profit margin, then growth suffers -- which in turn shrinks the job market, and negatively impacts the associated local economy.
If you have a favorite local merchant or twelve, support them!
(And, no, I don't work in the retail industry, but I do have a teenaged daughter who buys the vast majority of her wardrobe at one fashions-only store in our rural town, and if that store closes, the next nearest one is more than 20 miles away...in a different state.)
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Adam Guy (not verified)at 12:32 on February 18th, 2009
It's frightening, sad and ironically opportunistic that so many brick and morter stores are closing. I'm looking to sieze the moment working my new internet retail business and stay out of the way of another layoff...people need to shop somewhere...its amazing!
Intriguing? email me webheaven@comcast.net
at 15:24 on March 4th, 2009
This Sunday is Circuit Citys last day. One of Americas biggest electronics dealers. I went to one yesterday in Sarasota Florida. They are selling everything.
I noticed the Hanson Concrete Pipe plant in Venice Florida has been closed for a week and the yard is not full of pipes. This means there is no new development going on. No new drainage or construction or land clearing. Hanson Pipe has run 24/7 for years. To not see stacks of pipes instead of the building with the huge doors closed for a week is a strange site. http://maps.google.com/maps?ll=27.082074,-82.42659&z=17&t=h&hl=en
The construction rental place has all it's large equipment in the yard. All the lifts the cats the tracks, and loaders are crammed on the lot. When I look at the Google Earth satellite view you see no big equipment as they are all out on jobs.
You can see the lack of work from space!!
at 07:15 on May 1st, 2009
I can believe how many store are closing. They are building a huge mall near my parents home, I wonder if they are going to be able to fill it.
Mom Entrepreneur
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grantfed (not verified)at 04:04 on June 17th, 2009
I heard in victorville, ca that banks are demolishing new houses that are not selling. the city is penalizing the banks, so they decided to bulldoze them. very unfortunate situation.
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