|
The big box that is hosed the most is probably Sears.quote:Sears reported Thursday that revenue fell 12.5% to $5 billion in the third quarter, with losses widening to $748 million from $454 million in the period one year ago. It has 1,687 stores compared to 3,510 five years ago with more closures to come.
|
#
¿
Dec 8, 2016 17:14
|
|
|
|
| # ¿ Apr 28, 2024 06:34 |
|
|
The Limited is closing all of its 250 stores nationwide. It will move to an online model.
|
|
#
¿
Jan 7, 2017 04:45
|
|
|
http://www.businessinsider.com/sears-failing-stores-closing-edward-lampert-bankruptcy-chances-2017-1 A nice informative read on Sears' troubles and the causes. It's CEO Eddie Lampert is gonna walk away with more money than less despite driving the company into the ground.
|
|
#
¿
Jan 8, 2017 22:17
|
|
|
Nonsense posted:American Apparel is probably next. http://fortune.com/2017/01/10/gildan-activewear-american-apparel-bankruptcy-bid/ Canadian apparel maker Gildan Activewear has purchased American Apparel. It won't take any of its stores. Only the American Apparel brand and some of its manufacturing.
|
|
#
¿
Jan 11, 2017 21:56
|
|
|
http://www.wkbw.com/news/national/american-apparel-stores-to-close-after-buyout No one here will be surprised, but it's now confirmed all 110 American Apparel stores will close by the end of April. edit: Gildan Activewear will also stutter American Apparel's clothing factory, one of the largest in the United States, production will be transferred to Central America. OhFunny fucked around with this message at 00:56 on Jan 16, 2017 |
|
#
¿
Jan 16, 2017 00:52
|
|
|
Business Insider has a piece on retail. It's very grim. The Limited: Closed all of it's 250 stores. Macy's: Closing 68 stores this year and ultimately 100 stores over the next couple of years. Sears: Closing 108 Kmart stores and 42 Sears stores by April. Bankruptcy predictions flying around like buzzers. Wet Seal: Closing all 171 of its stores. BCBG: Closing 120 stores, primarily in the U.S. Out of 175 US-based stores. Bebe: Closing 25 stores. Which doesn't seem that bad? Payless: Could close as many as 1,000 stores as part of a debt restructuring plan.
|
|
#
¿
Feb 12, 2017 16:54
|
|
|
http://www.usatoday.com/story/money/2017/02/24/jc-penney-store-closures/98344540/ Down go 130 to 140 J.C. Penny stores. Which is 13% to 14% of it's locations.
|
|
#
¿
Feb 25, 2017 16:49
|
|
|
http://www.reuters.com/article/us-radioshack-bankruptcy-idUSKBN16G06J?il=0 RadioShack is filing for bankruptcy again 2 years after doing so for the first time. Will close 200 stores.
|
|
#
¿
Mar 9, 2017 06:51
|
|
|
http://www.cnbc.com/2017/03/21/sears-flags-going-concern-doubts.html Sears has finally said what we all know. quote:Retailer Sears Holdings, which has struggled with years of losses and declining sales, warned on Tuesday about its ability to continue as a going concern.
|
|
#
¿
Mar 22, 2017 03:34
|
|
|
 I found a nice graph of which stores are closing how many stores.
|
|
#
¿
Mar 22, 2017 04:17
|
|
|
Horseshoe theory posted:Is Payless still planning on filing for Chapter 11? They are. I was just reading that they'll be closing between 400-500 stores instead of all 1,000. glowing-fish posted:Sounds like The Limited...is going to be even more limited!!!  edit: After reading some more. Family Dollar, Dollar General, Dollar Tree, TJ Maxx, and Walmart are doing well. fishmech posted:Note: that Family Christian store? That's all of their stores closing at once. After what was a failed attempt to move from being a for-profit business to a non-profit orchestrated by the new owners starting in 2013. MC Sports has also gone under and is closing all of it's 68 stores. OhFunny fucked around with this message at 20:47 on Mar 22, 2017 |
|
#
¿
Mar 22, 2017 20:36
|
|
|
Gamestop will close 150 stores. Interestingly Gamestop will open 65 Technology Brand stores and 35 Collectibles stores. Clearly trying to move away from video game sales, which have shifted to online downloads.
|
|
#
¿
Mar 24, 2017 22:32
|
|
|
Rue21 will file for bankruptcy within the next two or so months. Ralph Lauren has closed its flagship store on Fifth Avenue. 8,640 store closings are projected for 2017. Higher than the 6,200 closing in 2008 as the recession hit. 30,000 retail jobs lost in March. https://www.bloomberg.com/news/articles/2017-04-07/stores-are-closing-at-a-record-pace-as-amazon-chews-up-retailers
|
|
#
¿
Apr 7, 2017 21:13
|
|
|
JC Penney Delays Plan to Close Stores After Sales Pick Up JC Penny is pushing back it's store closings by 1 month due a spike in sales. Sears has been quietly closing more stores than it said it would — here's the list and on the flip side Sears is closing more stores under the radar. http://www.retaildive.com/news/eastern-outfitters-plans-to-shutter-48-eastern-mountain-sports-bobs-store/440014/ Eastern Outfitters. Which owns Bob's Stores and Eastern Mountain Sports based in the Northeast. Has filed for bankruptcy and will close 48 of its 86 stores. http://www.businessinsider.com/retail-job-losses-are-hurting-the-economy-2017-4  Updated number of store closings announced.
|
|
#
¿
Apr 20, 2017 19:46
|
|
|
Horseshoe theory posted:Didn't Eastern Outfitters already file for bankruptcy last year and closed the Sports Chalet chain? Yes. This is their second filing. https://www.law360.com/articles/914844/sportsdirect-acquires-eastern-outfitters-in-ch-11-sale quote:Law360, Wilmington (April 19, 2017, 6:34 PM EDT) -- Eastern Outfitters LLC secured a Delaware bankruptcy judge’s approval Wednesday to hand off its business to SportsDirect.com Retail Ltd. for $105 million in debt take-backs and other consideration, in a deal that sends Eastern’s stores through their second Chapter 11 sale in less than a year.
|
|
#
¿
Apr 21, 2017 02:50
|
|
|
https://www.usatoday.com/story/money/2017/04/21/sears-names-new-cfo-plans-more-store-closures/100763154/ More closures from Sears. 50 Sears Auto Centers and 92 pharmacies inside its Kmart stores will close.
|
|
#
¿
Apr 22, 2017 04:04
|
|
|
Vince joins Sears in flagging 'substantial doubt' it can stay in businessquote:Shares of luxury fashion brand Vince tumbled nearly 40 percent Friday, after the company said it has "substantial doubt" about its ability to continue as a going concern for the next 12 months. Add another to the pyre.
|
|
#
¿
Apr 28, 2017 18:04
|
|
|
Pharohman777 posted:They probably can barely even BE automated for those reasons, especially with all the packaging sizes for food and drink that exist Ya one store near me tried some automated check outs and took them out due to theft.
|
|
#
¿
May 9, 2017 11:58
|
|
|
glowing-fish posted:Where do you live? In Oregon and Washington, I first saw automated checkouts in 1997 as an experimental thing, and now, every larger grocery store has 8-12 of them (2-3 pods, usually with 4, sometimes 6 checkouts each). There are always a few problems with them, but they've mostly been fixed. I thought this was a standard technology, and had been for at least ten years? Is this still catching on in places? New Hampshire. The company actually closed the store in town in February. It's regional competitior has said they will never install self-checkout machines. The only place I can think that actually has them is the Home Depot in town.
|
|
#
¿
May 9, 2017 17:24
|
|
|
Abercrombie is looking to put itself up for sale.
|
|
#
¿
May 11, 2017 01:01
|
|
|
http://www.businessinsider.com/macys-might-shut-down-more-stores-2017-5 Looks like Macy's will close mode stores. Stock down 17% and most retail stocks are down. http://www.businessinsider.com/macys-is-copying-tj-maxx-2017-5?utm_content=more-from-links&utm_source=www.businessinsider.com Also looks like Macy's plans to go from a department store to a discount store like TJ Maxx and Nordstrom.
|
|
#
¿
May 11, 2017 22:39
|
|
|
Leon Trotsky 2012 posted:Gonna be hard to run a retail chain with no products and no customers. That's a knife through Sears' failing heart.
|
|
#
¿
May 12, 2017 03:49
|
|
|
http://www.economist.com/news/briefing/21721900-love-affair-shopping-has-gone-online-decline-established-american-retailingquote:The picture for debt is equally muddy. Bank of America is unusual in that it discloses its exposure to retailing: about $50bn, equivalent to more than a quarter of its core capital. No comprehensive tally of retailing-property debt exists. According to Morgan Stanley, most loans last year came from regional banks, commercial mortgage-backed securities (bonds backed by cash flows from commercial property), national banks and insurers. The Economist’s examination of data from Bloomberg, the Mortgage Bankers Association and TreppAnalytics, a firm which tracks commercial mortgage-backed securities, suggests that the combined debt of retailing companies and retailing property is roughly $1trn. However the market’s opacity means that the impact of any losses is hard to predict. One hand I'm sure everyone can see how brick and mortar is in decline and not in "housing will never fall" mind set that led to a crisis and recession. On other hand we have no way to predict the losses on a financial sector holding $1 trillion debt in a declining sector. A mean the difference is there's collateral right? A home falling under it's mortgage value meant banks were taking losses. That shouldn't play out if say Sears goes under since it's stores and assets can cover it's debts?
|
|
#
¿
May 15, 2017 03:56
|
|
|
http://www.businessinsider.com/list-of-sears-and-kmart-stores-closing-2017-5 Sears is quietly closing even more stores than they announced they would. 28 Kmart/Sears stores have been closed on top of the 150 announced in January.
|
|
#
¿
May 16, 2017 07:14
|
|
|
https://www.usatoday.com/story/money/2017/05/16/rue21-bankruptcy/101742150/ Rue21 has filed for bankruptcy. They may avoid liquidation due to securing support for its debt-cutting plan from creditors and not bleeding to much cash. It's already in the process of closing 400 of it's 1,179 and will likely close more.
|
|
#
¿
May 16, 2017 21:19
|
|
|
http://www.al.com/business/index.ssf/2017/05/gymboree_could_close_up_to_350.html Looks like Gymboree will be the next retailer to file for bankruptcy. Could close up to 350 stores.
|
|
#
¿
May 17, 2017 06:01
|
|
|
http://www.businessinsider.com/will-sears-survive-2017-5 So Sears posted a profit for 1st quarter thanks to the sell of Craftsman. Once you remove that one time cash injection Sears lost $230 million in the quarter. Up from $199 million last year and sales fell 20%. It plans to try and sell $700 million in its real estate holdings and cut $1.25 billion in costs to shore things up, but everyone can see Sears is on a march into the grave. All it can buy is time.
|
|
#
¿
May 30, 2017 21:56
|
|
|
ISeeCuckedPeople posted:Even JCPenney is hosed. They owe $44 per square foot of real estate they own. They are going bankrupt. The only question is when. Probably not long after Sears. New Hampshire's three major malls are all anchored by a Sears and JCPenny. I except the Mall of New Hampshire to go under. Rockingham Mall and the mall in Nashua should weather things ok.
|
|
#
¿
May 31, 2017 00:42
|
|
|
RadioShack suddenly closed more than 1,000 stores — and now only a handful remain.quote:RadioShack closed more than 1,000 stores over the weekend, leaving the chain with just 70 company-owned stores left in operation. Holy poo poo. That was fast. edit: http://www.businessinsider.com/michael-kors-is-shutting-down-at-least-100-stores-2017-5 Michael Kors will shutter 100 to 125 stores as well. edit2: http://www.businessinsider.com/payless-is-closing-more-stores-2017-5 Payless says it may close another 408 stores (112 immediately and 296 more if they can't get cheaper rent) on top of the 400 it's planning to close already. OhFunny fucked around with this message at 04:05 on Jun 1, 2017 |
|
#
¿
Jun 1, 2017 03:56
|
|
|
http://www.businessinsider.com/sears-is-closing-72-stores-heres-the-full-list-2017-6 Sears will close another 72 stores in September. 16 Sears stores, 49 Kmarts, and 7 auto centers.
|
|
#
¿
Jun 7, 2017 11:48
|
|
|
http://www.businessinsider.com/gymboree-files-for-bankruptcy-2017-6 As expected Gymboree has now filed for bankruptcy. It is projected to close 375 to 450 of its 1,281 locations as it attempts to restructure.
|
|
#
¿
Jun 12, 2017 21:12
|
|
|
You guys should move this convo to the music sub it has nothing to do with the state of retail. Speaking of which: http://www.businessinsider.com/sears-is-closing-more-stores-2017-6 Sears has announced another round of store closures. 20 total this time. This comes on top of Sears Canada's bankruptcy and closure of 25% of its stores as mentioned further up thread. https://www.usatoday.com/story/money/business/2017/06/22/could-another-biz-beat-amazon-whole-foods/103104998/ Rumors are swirling that Walmart is going to launch a bidding war against Amazon for Whole Foods.
|
|
#
¿
Jun 23, 2017 04:14
|
|
|
Submarine Sandpaper posted:Walmart won't. a reason people shop at whole foods is because it isn't Walmart. I should have expanded a little on that point. The thinking goes that Walmart does not want to buy Whole Foods. They simply want to drive the buying price up for Amazon to frustrate them. Walmart after all is 26.2% of the U.S. grocery market with Whole Foods being 1.6%.
|
|
#
¿
Jun 23, 2017 04:25
|
|
|
http://www.businessinsider.com/sears-is-closing-more-stores-2017-7 Sears has announced another round of store closures. 35 Kmart stores and 8 Sears stores.
|
|
#
¿
Jul 7, 2017 23:56
|
|
|
https://www.usatoday.com/story/money/business/2017/07/12/list-gymboree-names-350-closing-stores/103625342/ Gymboree has finalized and listed the 350 stores it will close.
|
|
#
¿
Jul 12, 2017 17:08
|
|
|
RBC posted:the waltons are collectively worth far more $139 billion for those wondering.
|
|
#
¿
Jul 28, 2017 02:31
|
|
|
My girlfriend purchased her tea from there. She won't be happy about this.
|
|
#
¿
Jul 29, 2017 04:48
|
|
|
Macy's Is Running Out of Levers to Pull https://www.bloomberg.com/gadfly/articles/2017-08-10/macy-s-earnings-running-out-of-turnaround-levers Macy's posted it's tenth consecutive quarterly decline today. It's in track to lay off 10,000 of its employees this year.
|
|
#
¿
Aug 10, 2017 17:13
|
|
|
https://www.usatoday.com/story/money/2017/08/24/these-kmart-stores-shutting-down/597324001/ Another 28 K-marts will be closed by mid-November.
|
|
#
¿
Aug 25, 2017 01:07
|
|
|
|
| # ¿ Apr 28, 2024 06:34 |
|
|
https://www.reuters.com/article/vitaminworld-bankruptcy/vitamin-world-says-to-file-for-bankruptcy-protection-idUSL2N1LI1WL I don't think it was mentioned, but along with Toys' R Us and Perfumania. Vitamin World will be failing for bankruptcy as early as this month.
|
|
#
¿
Sep 12, 2017 01:57
|
|