There's an mail going around that a bunch of stores are going out of business. I posted
to my newsletter about it, but someone pointed me to snopes.com which says the list isn't totally accurate. Not all store companies filing for Chapter 11 Bankruptcy connection will necessarily close all their stores, for example. Others are only closing some stores.
Here's a quick rundown of those who have closed some or all stores or will be closing same recently:
Ann Taylor - closing 117 out of 966 stores
Cache - closed 14 out of 295 but still opening new locations
Charming Shoppes closed 14 stores
Circuit City - closing 155 stores
CompUSA - most stores closed and co. sold, but 23 stores continue to operate in some states
Dillard's - closing 21 stores and plans to close more
Whitehall Jewelers - closing all 373 stores
GAP - expected to close 115 stores but open 100 more
Home Depot - Closing 15 stores
Sharper Image - was closing all 184 outlets as of June 2008
Talbot's - has closed 28 stores and is seeking buyer for J. Jill brand, but still has rest of stores open
Zales - closed 150 outlets but opened 100 new ones in 2008.
The Motley Fool also reported in Oct. 2008 that these companies were unlikely to make it through the holidays (two of which are listed above as not necessarily closing, so we'll see:
Also on one message board a user posted that these stores are going out of business in their local area:
4. Cost Less - which is owned by Lechters
6. Lone Star Steakhouse - 2 of them
7. Boston Market
Are stores in your area going out of business? Leave a comment about it here.