Store Closings 2008-2009

Saw this on Frugal WAHMs Talk Radio and they ask folks to share it with everyone.

Good to know if you are holding onto any gift cards. This may not be
the year to give or receive gifts cards:

Watch those store money cards and gift cards.. and credit slips! These
are stores that informed the Security Exchange of closing plans between
October 2008 and January 2009.


Circuit City stores… most recent (? how many)

Ann Taylor- 117 stores nationwide

Lane Bryant, Fashion Bug, and Catherine’s to close 150 store nationwide

Eddie Bauer to close stores 27 stores and more after January

Cache will close all stores

Talbots closing down all stores

J. Jill closing all stores

GAP closing 85 stores

Footlocker closing 140 stores more to close after January

Wickes Furniture closing down

Levitz closing down remaining stores

Bombay closing remaining stores

Zales closing down 82 stores and 105 after January.

Whitehall closing all stores

Piercing Pagoda closing all stores

Disney closing 98 stores and will close more after January.

Home Depot closing 15 stores, 1 in NJ (New Brunswick)

Macys to close 9 stores after January

Linens and Things closing all stores

Movie Galley Closing all stores

Pacific Sunware closing stores

Pep Boys Closing 33 stores

Sprint/ Nextel closing 133 stores

JC Penney closing a number of stores after January

Ethan Allen closing down 12 stores.

Wilson Leather closing down all stores

Sharper Image closing down all stores

K B Toys closing 356 stores

Loews to close down some stores

Dillard’s to close some stores.

Please keep all the people in your prayers that will be laid off from these stores.

Comment from Andrea Q: She gives this link for more accuracy on the above info.

Here is another link to consider: Snopes

I personally know that Linens and Thinks is closing in San Antonio, TX because of all their "Out of Business" signs in our local shopping strip.

Apparently some of these stores have closed earlier in the year and have plans for restructuring. For example Sharper Image is not closing all their stores and are keeping 94 open but have filed for bankruptcy so will be using the 94 open stores to help pay off their debts.

Please read Snopes because they explain in detail about each of the stores above. The info is not bogus but does have half truths. Most of these stores are closing or have closed some locations but most will continue to operate in some parts of the country and keep some of their stores open.

And there is a Securities and Exchange (not called Security Exchange) where quite a few of the above stores have filed Chapter 11 and are restructuring.


Andrea Q said...

This bogus email is currently circulating...many of the claims are false or outdated.

Jeweltrinkets said...

Alot of these stores are closing, I don't perceive that this information is bogus.

MySweetThree said...

It does make you weary about giving or recieving gift cards. The linens n' things around here (in NC) are going out of business too.

radioactive threads said...

Yikes, this is scary!

melissa said...

That is a lot of stores. Some of them, I think have already closed and are done liquidating, others are new to me. We lost the Movie Gallery in our town, linens and things, and KB toys has been talking about going out of business for years. It is sad, our economy is in such a state.