Victor’s Insider Scoop on [Name Brand] Retailers Closing Their Doors in 2008 & 2009 (so far) …
December 10th, 2008 | top of page

The retail bloodbath that started in 2008 will most assuredly continue well into 2009. If not gone forever (Bombay, CompUSA, Mervyn’s, Linens ‘N Things) many others may soon be missing from your neighborhood mall as retailers perform triage on underperforming locations hoping to stem the flow of red ink in their annual reports. The Darwinian death of weak, sluggish and redundant retailers (what is the difference between a Circuit City & a Best Buy anyway?) may provide unprecedented opportunity for the return of the independent, niche retailer prepared and positioned to step up and provide exceptional service. Although market demand may be temporarily diminished the reduction in the supply of unexceptional, name-brand retailers will eventually result in increased sales volumes and profitability for the retail survivors.

The list of closings follows on the next page. Maybe some of your favorites are on the list. But I really doubt that you will miss them 12 months from now. You will have found other outlets to buy everything you need and I bet they are no farther from your home or office than your current favorites.

Here’s the list:
• Movie Gallery (378)                        • Sprint/Nextel (125)                   • Ethan Allen (12)                   • Talbots Kids/Mens (78)
• Dell (140)                                         • Friedmans (120)                        • Pier 1 (25)                             • Sigrid Olsen (54)
• Home Depot (15)                            • Eddie Bauer (29)                        • GAP (85)                              • Ann Taylor (117)

• Footlocker (140)                              • Bombay (all 384 stores)            • Disney (98)                           • Macy’s (11)
• JC Penney (scaling back)               • Loews (scaling back)                • Sharper Image (184)           • Wilson Leather (160)
• Pep Boys (31)                                  • Zales (105)                                  • Cache (20)                            • Lane Bryant (40)
• KB Toys (356)                                 • Dillards (26)                               • Fashion Bug (100)               • CompUSA (all stores)
• Mervyn’s (all 149 stores)                • Office Depot (126 stores)          • Rite Aid (181 stores)            • Macy’s (11 stores, 960 jobs)
• Pacific Sunwear / PacSun (154 Demo stores)      • Linens ‘N Things (all 371 stores)                • Club Libby Lu (Saks owned) (all 78 stores)
• Steve & Barry’s (all 173 stores)                            • Sergio Rossi (all standalone US stores)      • Kira Plastinina (all 12 US stores)
• Goody’s Family Clothing (282 store closures, 9000 jobs)

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PS – If you are ready to begin to thrive again by getting off the sidelines and putting your money to work give me a call at 602-320-6200. I see lots of deals and may have just what you are looking for.

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