Which retailer is next?

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kidhuman
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Re: Which retailer is next?

Postby kidhuman » Tue Jan 20, 2009 6:03 am

I know Goody's is closing a bunch of stores as well. 150 I think it is.
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Re: Which retailer is next?

Postby Diabolical » Tue Jan 20, 2009 7:11 am

At this rate I'm wondering if we should be adding stores to our Death List.

Or would that make it too easy?
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Re: Which retailer is next?

Postby anarky » Tue Jan 20, 2009 1:52 pm

Unrelated, but I looked up a couple of the handful of CDs I thought I would've been getting a deal on, and am glad the guy was dishonest and/or an idiot. Even with the discount, they were highly overpriced.

Anyone found a second guitar for the Wii there? Didn't think so.
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Re: Which retailer is next?

Postby anarky » Thu Jan 22, 2009 9:25 am

Yo, Grimmy! Nuts on yo' chin!

I stopped by another store in a nicer area yesterday. They had the standard breakdown as the second store (like Ran described). This place, though, was clean, well-organized, staffed by informative, friendly employees... and secretly discounting beyond the posted amounts. I got a Guitar Hero guitar for 20% off (should've been 10%) and four Wii Points packs for 30% off (also supposedly 10% off). They also had new releases (albeit simply discounted from list price). I'm going to check a few more in the next couple of days to see if I can get the new Powerpuff Girls complete set, which no one has on sale at all.

That kind of store, you really hate to see close. Of course, the fact that I've had such insanely different experiences at three stores points to a level of inconsistency that probably accelerated their going under.
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Where You Won't Shop in 2009

Postby Newsbot » Thu Jan 22, 2009 7:44 pm

Where You Won't Shop in 2009

While industry executives and shoppers will remember 2008 as the year the party ended, figure 2009 to be the year of the hangover. Already, Circuit City, Linens 'N Things and Mervyn's stores are going away. Sharper Image is too, though the company will continue to sell some of its high-end gadgets through license agreements with other retailers.

More pain is on the way. One-third of U.S. women recently surveyed by America's Research Group said they plan no clothing purchases--none--in 2009. Normally, it's just 4%. That means the market is still far too saturated with stores.

Expect closings and bankruptcies to rattle the likes of Lane Bryant, Gap, and Starbucks. It's the inevitable counterpunch to the days of retailers fighting hand over fist for market share during an era of loose credit and minuscule interest rates.

Those days are over, probably for a long time. While accelerating unemployment will only last so long, consumers' debt loads and credit access don't figure to recover to pre-party levels for quite awhile.

"I don't think we will live the same way for 10 years," says Howard Davidowitz, chairman of New York-based retail consultant and investment bank Davidowitz & Associates. "People are so scared they're starting to save."

Retailers at risk in 2009, he thinks, include outerwear specialist Eddie Bauer and teen-apparel-seller Pacific Sunwear, along with Zales, the big jewelry chain. All three shuttered at least 8% of their U.S. stores last year, with many more closings expected. The same is largely true of Charming Shoppes, the owner of Lane Bryant, which closed 150 stores last year. With a mountain of debt and losses totaling over $260 million over the most recent 12-month reporting period, the company will close another 100 locations this year.

Another possible casualty: Sears Holdings, operator of Sears and Kmart stores. A key to hedge fund manager Eddie Lampert's 2005 merger of the two chains was in the underlying real estate. But with those values down 30% or so since then, slumping sales hit even worse.

"I'd be surprised if Sears-Kmart makes it through the year," says Britt Beemer, who runs retail market-research firm America's Research Group.

Non-apparel specialists like Starbucks and Sprint Nextel won't be going away, but they will close hundreds more stores during the coming year, Davidowitz predicts. Narrow specialties (Sprint's cellphones) and high prices (Starbucks' coffee) are tough sells as the consumer mood turns thrifty. What plagues Starbucks will also affect other upscale goody chains like Mrs. Fields' Cookies, and causal dining outlets like Applebee's and Cheesecake Factory. Any of the neighborhood outlets for those restaurant chains could be a casualty this year. For too many customers now, it's McDonald's or bust.

Davidowitz doesn't think a huge government stimulus will help. Better to let things bottom out naturally before regrouping. "Obama's plan will make it worse," he says. "We got into this by borrowing and stimulating, now he wants to borrow and stimulate more."

In Pictures: Where You Won't Shop in 2009

Charming Shoppes (owner of Lane Bryant, Fashion Bug, Catherines)

Lane.2gif.gif
© AP Photo / Chris O'Connor

Specialty: Women's plus-size

2008 closings: 150 (6% of total)

Outlook: Lots of debt, performance is terrible (losses of over $260 million for the 12 months ended in November 2008). The company already said it will close at least 100 more stores this year. Who knows if it can survive?

Eddie Bauer

Eddie1.gif
© AP Photo/Charles Bennett

Specialty: Outerwear

2008 closings: 29 (8% of total)

Outlook: The specialty retailer catering to 30- to 54-year-olds is on the critical list as losses mount and shares trade at 50 cents.

Ultimately unlikely to make it.

Timberland

Timb1.gif
© JIN LEE/Bloomberg News /Landov

Specialty: Outdoor Apparel

2008 closings: 40 (16% of total)

Outlook: Not on the critical list, but expect significantly more closings.

The footwear company is still sponsoring this year's Sundance Film Festival.

Ann Taylor

Ann1.gif
© AP Photo/Paul Sakuma

Specialty: Women's apparel

2008 closings: 60 (6% of total)

Outlook: After 180 layoffs, the women's clothing chain announced an additional 57 store closings over the next two years.

Relatively healthier than other struggling retailers, but figures to shrink further.

Zales/Piercing Pagoda

zales.jpg
© AP Photo/Paul Sakuma

Specialty: Jewelry

2008 closings: 105 (12% of total)

Outlook: Absolutely in free fall, more closings for sure.

Zales may not make it.

Click here for the full list of Who's Set to Shutter Stores?

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Re: Which retailer is next?

Postby Ran » Sun May 24, 2009 10:00 pm

With all the stores closing, out here it seems like Dunkin' Donuts and Game Stop are expanding. I've seen about 4 new Dunkin' Donuts in town. We also had a TRU and a Target open up and there is another Target on the way. I'm going to have 5 Targets within 20 minutes of my house. I guess they are competing with the 7 Walmarts.

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Re: Which retailer is next?

Postby Ran » Mon Sep 18, 2017 2:46 pm


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Re: Which retailer is next?

Postby jjreason » Mon Sep 18, 2017 6:15 pm

Surprised they're still in the brick & mortar game at this point. I guess the Babies R Us end of things must be doing ok.

Related: it's weird to me that huge stores are still opening in today's retail climate. Cabela's, for example, is just starting up in Canada over the last couple of years and people are batshit crazy over it - along with its Canadian predecessor, Bass Pro. It's weird to me that spending this much on retail space can pay off.
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Re: Which retailer is next?

Postby Ran » Tue Mar 20, 2018 1:24 pm

Mattel and Lego (among others) aren't happy with the way TRU is doing their liquidation. As part of some trade agreement, the manufacturers send the merchandise to the supplier on credit. Mattel and Lego want those unsold toys back rather than letting TRU liquidate them. The whole thing might get ugly.

https://www.yahoo.com/finance/news/doze ... 30199.html

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Re: Which retailer is next?

Postby Ran » Tue May 15, 2018 12:11 pm

Toys R Us is now selling their giraffe mascot and various domain names they bought.

https://www.yahoo.com/finance/news/toys ... nance.html

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Re: Which retailer is next?

Postby anarky » Tue May 15, 2018 5:29 pm

But not to the guy who offered something like a billion dollars for them.
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Re: Which retailer is next?

Postby Ran » Tue Feb 18, 2020 8:09 pm

The last K Mart in Las Vegas is closing. Everything is 10-30% off, but since things at K Mart cost 20-25% more than Target and Walmart, the deals aren't that good.

...and RIP Pier 1.

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Re: Which retailer is next?

Postby Ran » Fri Jan 15, 2021 5:26 pm

The NRA filed for bankruptcy.


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