When The Checks Stop Coming In
Posted by Bossip Staff
Sh*t is hitting the fan, and we really need Jesus to take the wheel, for all of us. Major stores are closing down around the U.S., Dillards, Mervyns, and the Gap are just a few out of the 30 something listed.
We have a list under the hood of all the major store closures..and we are in trouble people. SMH. We are in a recession, please start protecting/saving your stacks!
STORE CLOSINGS AND LAYOFFS
If you have gift cards, hurry up and use them!!
Ann Taylor closing 117 stores nationwide. A company spokeswoman said the company hasn’t revealed which stores will be shuttered. It will let the stores that will close this fiscal year know over the next month
Mervyns- Bankruptcy all stores to close after holiday!!
Circuit City - Closing several stores.
Shoe Pavilion-Bankruptcy all stores to close
Room Source- Bankruptcy all stores to close
Eddie Bauer to close more stores. Eddie Bauer has already closed 27 shops in the first quarter and plans to close up to two more outlet stores by the end of the year.
Cache closing stores. Women’s retailer Cache announced that it is closing 20 to 23 stores this year.
Lane Bryant, Fashion Bug, Catherines closing 150 stores nationwide. The owner of retailers Lane Bryant , Fashion Bug , Catherine’s Plus Sizes will close about 150 under performing stores this year. The company hasn’t provided a list of specific store closures and can’t say when it will offer that info, spokeswoman Brooke Perry said today.
Talbots, J. Jill closing stores. About a month ago, Talbot’s announced that it will be shuttering all 78 of its kids and men’s stores. Now the company says it will close another 22 under performing stores.. The 22 stores will be a mix of Talbot’s women’s and J. Jill , another chain it owns. The closures will occur this fiscal year, according to a company press release.
Gap Inc. closing 85 stores. In addition to its namesake chain, Gap also owns Old Navy and Banana Republic . The company said the closures - all planned for fiscal 2008 - will be weighted toward the Gap brand.
Foot Locker to close 140 stores. In the company press release and during its conference call with analysts today, it did not specify where the future store closures - all planned in fiscal 2008 - will be. The company could not be immediately reached for comment
Wickes is going out of business. Wickes Furniture is going out of business and closing all of its stores, Wickes, a 37-year-old retailer that targets middle-income customers, filed for bankruptcy protection last month.
Goodbye Levitz / BOMBAY - closed already. The furniture retailer, which is going out of business. Levitz first announced it was going out of business and closing all 76 of its stores in December. The retailer dates back to 1910 when Richard Levitz opened his first furniture store in Lebanon , PA. In the 1960’s, the warehouse/showroom concept brought Levitz to the forefront of the furniture industry. The local Levitz closures will follow the shutdown of Bombay ..
Zales, Piercing Pagoda closing stores. The owner of Zales and Piercing Pagoda previously said it plans to close 82 stores by July 31. Today, it announced that it is closing another 23 under performing stores. The company said it’s not providing a list of specific store closures. Of the 105 locations planned for closure, 50 are kiosks and 55 are stores.
Disney Store owner has the right to close 98 stores. The Walt Disney Company announced it acquired about 220 Disney Stores from subsidiaries of The Children’s Place Retail Stores. The exact number of stores acquired will depend on negotiations with landlords. Those subsidiaries of Children’s Place filed for bankruptcy protection in late March. Walt Disney, in the news release, said it has also obtained the right to close about 98 Disney Stores in the U.S. The press release didn’t list those stores.
Home Depot store closings. (E. Brunswick, Rt 18 just put up their closing sign) ATLANTA - Nearly 7+ months after its chief executive said there were no plans to cut the number of its core retail stores, The Home Depot Inc. announced Thursday that it is shuttering 15 of them amid a slumping U.S. economy and housing market. The move will affect 1,300 employees. It is the first time the world’s largest home improvement store chain has ever closed a flagship store for performance reasons. Its shares rose almost 5 percent. The Atlanta-based company said the under performing U.S. stores being closed represents less than 1 percent of its existing stores. They will be shuttered within the next two months.
CompUSA (CLOSED) clarifies details on store closings. Any extended warranties purchased for products through CompUSA will be honored by a third-party provider, Assurant Solutions. Gift cards, rain checks, and rebates purchased prior to December 12 can be redeemed at any time during the final sale. For those who have a gadget currently in for service with CompUSA, the repair will be completed and the gadget will be returned to owners.
Macy’s - 9 stores
Pacific Sunwear - 153 Demo stores
Pep Boys - 33 stores
Sprint Nextel - 125 retail locations. New Sprint Nextel CEO Dan Hesse appears to have inherited a company bleeding subscribers by the thousands, and will now officially be dropping the ax on 4,000 employees and 125 retail locations. Amid the loss of 639,000 postpaid customers in the fourth quarter, Sprint will be cutting a total of 6.7% of its work force (following the 5,000 layoffs last year) and 8% of company-owned brick-and-mortar stores, while remaining mute on other rumors that it will consolidate its headquarters in Kansas . Sprint Nextel shares are down $2.89, or nearly 25%, at the time of this writing.
J. C. Penney, Lowe’s and Office Depot are scaling back
Ethan Allen Interiors: The company announced plans to close
12 of 300+ stores in an effort to cut costs.
Wilsons the Leather Experts - 158 stores
Pacific Sunwear will close its 154 Demo stores after a review of strategic alternatives for the urban-apparel brand. Seventy-four under performing Demo stores closed last May.
Sharper Image: The company recently filed for bankruptcy protection and announced that 90 of its 184 stores are closing. The retailer will still operate 94 stores to pay off debts, but 90 of these stores have performed poorly and also may close..
Bombay Company: The company unveiled plans to close all 384 U.S.-based Bombay Company stores. The company’s online storefront has discontinued operations.
KB Toys posted a list of 356 stores that it is closing around the United States as part of its bankruptcy reorganization. To see the list of store closings, go to the KB Toys Information web site, and click on Press Information
Dillard’s to Close More Stores. Dillard’s Inc. said it will continue to focus on closing under performing stores, reducing expenses and improving its merchandise in 2008. At the company’s annual shareholder meeting, CEO William Dillard II said the company will close another six under performing stores this year
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They better not touch not one Target or I am going off. LOL
thank you president bush. SMH.
THE RECESSION…
BOSSIP…. SMH @ that pic. now yall know yall are wrong for that bootleg pic of mervyns with the man in the wheelchair in front!!!!
Mervyn’s is still around?!
The sh*t has officially hit the fan
How the hell can Sprint be losing money as much as them mofos jerk me out my cash!
SMH @ Sprint
Gap just posted a 3.4% increase in sales…..
@ XOXOXO–LMAO–I WAS THINKIN THE SAME THING–THATS FUNNY
…over this time last year.
look, we just really need to be smart with our finances, bottom line. we’re gonna be in this mess for a minute.
hey dapro!
well well well, keep ur “Christmas” stacks in your pocket. Your kids can do without all that useless shyt.
Ann Taylor = clothes for high school math teachers
Eddie Bauer = who cares
Cache = who?
Lane Bryant= clothes for fat bitches
Talbots= clothes for old bitches
Gap Inc. = Where the fuck am I going to get a $80 hoodie with a too-small neck hole now?
Foot Locker = oh well
Wickes = who?
Levitz / BOMBAY who?
Piercing Pagoda= People can get their 14 yr old daughters ears pierced at Claire’s
Disney Store = like Disney needs more money
Home Depot= I’m getting my Christmas tree at Lowes
CompUSA = who cares
Macy’s - 9 stores? WOW.
Movie Gallery = the knock-off Blockbuster
Pep Boys - 33 stores? WOW.
Sprint Nextel = Does that mean when I call about my overpriced bill I will have to speak to someone in Singapore who doesn’t speak English? And that’s different How?
J. C. Penney, Lowe’s and Office Depot are scaling back = scaling back, and what? I’m still getting my christmas tree from Lowes
Ethan Allen Interiors = White people furniture
Wilsons the Leather Experts = Do people shop here?
Pacific Sunwear = Who?
Sharper Image: I will have to get my free massage from the massage chairs in the island by the food court I guess. Who needs an electric shoe horn anyways?
Bombay Company = Who?
KB Toys = wishes they were Toys R Us
Dillard’s = overpriced
Auntie what’s up beautiful! How’s my favorite auntie?
THERE GOES CHRISTMAS SHOPPING
this was proven to be false, this is a hoax. do not believe.
@dapro,
I’m good! Great to see you here-happy friday! Love the new gravie by the way…
BOTTOM LINE…there are too many store selling too much shit we DON’T NEED.
what is that saying…
people spend money they don’t have, to buy things they don’t need, to impress people they don’t like.
GOODBYE OVERPRICED BULLSHIT!
^5 - Oshie - Just call me Becky!
@ kahmillion: yes?
walmart gone be the only store still booming!
The sad part of all of this is not these overpriced stores closing. the actual sad part is that people are losing their jobs behind these stores closing their doors. so there goes the unemployment rate going up highter and higher.
walmart is the only store boomin, them and target.If these two have to cut back, we in trouble.
The main thing to remember here is if you happen to get a gift card from one of these soon to be out of business merchants….you’re stuck with it…no refund or back end hook ups….so dont go grabbin up the gift cards thinking they will make good gifts…cause come Jan when they close ..your money is gone with the wind…..save your money this year….pass it around…
The solution is to stack SOME of your chips for a rainy day, but spend as much as you can. The ecomonmy will not be stimulated by us hoarding cash. On the flip side, prices will have to start coming down so we can afford to shop. I for one and happy to see Sprint suffering. I remember issuing a statement that they were so tired of complaints that they were going to start mistreating chronic complainers. They actually said that. Not in those exact words, but that is definately what it translated to.
oh and for the record…yes they are still selling those dead end gift cards even though they KNOW they wont be open for you to use it…and they are also not making the fact that they are closing a big deal…they cant hide it..but they certainly aren’t promoting that as a fact either…which means they are trying to trick you out of your money with the quickness…..shady
If you have gift cards to any of these stores, you had better cash them in!
RE: roe ski love
If you have gift cards to any of these stores, you had better cash them in!
exactly!!….
WHO CARES ABOUT TARGET!!
i can’t believe they are closing more dillards!!…Gap..old navy, home depot…Talbots, Cache…all of my favorite stores…hopefully they won’t close in my state…I am proud to say that good ole OKLAHOMA hasn’t been hit that bad by the financial crisis!!!!…of course we never gave out bogas loans to broke people or charged 400,000 dollars for a 1300 sqft. house….
@Oshie - Just call me Becky!
Ignorance is Bliss…..
This is completely INCORRECT. Circuit City did not file for Bankruptcy, they filed for Asset Protection.Circuit City is only closing 155 stores, they have over 700 stores in the States and over 700 in Canada. Get your facts right.
This really is a depression. People are just simply depressed.
^@MrsMayes..
Could it be cause there isn’t shizzit IN Oklahoma? (I’m just sayin
ROTF LMBAO @ Oshie!!!!!!!!!!
@mrs mayes WHO CARES ABOUT TARGET!!
WHO CARES ABOUT OKLAHOMA?
Are you serious….Oklahoma?
@ dark and lovely…
my thoughts exactly!!!!
OSHIE had me LMAO in the computer lab at school. that was funny but true.. Meryvns has been gone in TX I use to work for them in Carrollton but when Khols (SP) came they shut Meryvns down.
LMBAO!!! @ sickofitt……..;o)
I’m just mad she made it seem as if Oklahoma is exempt from everything that’s going on in the world. Like it’s not apart of the United States….Sorry to burst yo bubble boo-boo but what affects one sooner or later will affect all!
I’m not surprised,all them is higher than a muthafucka. I wish I might buy some bullshit out bombay.
I BELIEVE THERE WILL BE MORE STORE CLOSINGS, ITS REALLY BAD NOW, MORE PEOPLE WILL BE OUT OF WORK,PEOPLE NOW ARE SHOPPING AT DISCOUNT STORES,NOT THE MAJOR RETAIL STORES ANYMORE
LMAO!! @ “Oshie - Just call me Becky!”…I was kinda thinking the same things…Well as long as Forever 21, and Dollar General are str-8…I’m good!
LOL @ Nicole
We all have our stores that we are in love with. MY fav is Targe’ (pronounced TarJay.) Where else can you go to buy a pack of batteries and $200 later you come out with a whole bunch of stuff you don’t need for your kitchen and bathroom and still didn’t get those damm batteries. Oh you could go to Wal Mart, but Walmart is always a mess. They have to keep that store a little more orgainized for me to frequent on a regular.
ok before anyone starts tripping, none of these stores are closing. It was started by a hoax email. Look it up online to check some of these stores. They are not closing, and christmas is just around the corner, people. this would be a dumb time to close, if they were.
the email that this came from is bogus. sure companies are suffering from loss. but not closing and all not bankrupt. Honestly, how could gap(owner of Old Navy) go bankrupt.
Oklahoma really exsists????
I will give you a reason why Oklahoma hasn’t been hit hard by the crisis. No one fucking goes there!!!! People while driving thru the state won’t even get out to pee, for the risk of others seeing them in that sorry ass state. No one remotely famous comes from there and if they do, they will deny it if asked..lol
They also play a dirty trick with the beer there. Beer in Oklahoma is 3.2% alcohol by volume, as opposed to 5% in the rest of the country. So you can’t even have a decent drink to make the fact that you’re stuck in the ass-crack of the country any more bearable.
Trash!!!
The Home Depot around my house has a sign up that says they are hiring. I was thinking about putting in an app. to make some extra Xmas money.
The Mervyn’s around my house is closing and they were hiring for part-time sales to work until the store closing which will be in January. I applied and they didn’t call me back. I was like WTH. LOL
Sorry to hear about Ann Taylor. I like their clothes and I am not a math teacher. LOL
Old Navy could never go outta business!!!! Broke chicks need those $10.00 clearance jeans to go with that $685.00 Roberto Cavalli top…lmao
Boston George, too funny.
back on Oklahoma….. dont forget about their wack ass wanna be casino… that DOESNT have alcohol. smh
They might as well give that sorry state back to the Indians.
Get’em Nina…lol
I didn’t even know that. A casino with no drinks is unheard of. That’s like going to a strip club with one stripper and no music…lol
That’s another notch in the “Fuck Oklahoma” column….lol
There has been word that these store closings are fictious. Most of the stores were contacted and stated that they are losing business because of the rumors. Seems like someone is getting their marketing skills on by attempting to divert the purchase of X-mas gift certificates to the stores not listed.
I would recommend your calling the stores you would frequent to varify the information, because it just may be the ones NOT listed are the ones CLOSING!
Knowledge is Power!
If a store is closing. Shit that’s where I’m shopping at. all they shit gonna be 50-80% off. You cant beat that.
Now if their not closing and you go…… you gonna be pissed.
Buy American, people. Buying all this cheap stuff we are putting ourselves out of work. Pretty soon, Americans won’t even have jobs to buy the cheap, imported stuff.
Not all Americans…. no matter how broke some people are you can always count on them to go out and by a beyonce, lil wayne, jay z, or kanye album, cars and jewels. Give tons of money to the people who already have unlimited amounts…. yhea that sounds like a plan to me.
*rolling eyes*
Did you guys know there they are also closing thrift stores like the goodwill are closing 3 stores in the Bay Area
And thats just the begining of it they are due to announce more closures after holidays because folks aint go t the money to donate the jeans thy only wore 2x to charity thy dnt wanna end up like Dame Dash thy gonna wear thy shit til it falls apart
these artist that hopped on the fashion designer boot betta wait till everybodys stacks sky rocket cuz gas is only temp. low , food prices aint re-adjusted yet, the grinch done stole X-mas and Thanksgiving, red cross unable to feed folks during holidays shelters filled to capacity across the country with waiting list … Bush gang raped the US without lubrication B.O. got his hands full come Jan
NO NOT CACHE!!! THAT IS MY FAVORITE STORE!!!
Buy American, people. Buying all this cheap stuff we are putting ourselves out of work. Pretty soon, Americans won’t even have jobs to buy the cheap, imported stuff.
^^ THAT is what angers me the most. i hate that big companies are wanting us to bail them out, and at the same time insulting us by shipping more and more of our jobs overseas to other countries. and its not just the cheap things either. i recently found out one of my favorite jewerly stores has their products made in china. i couldnt understand why 14k white gold jewerly was causing allergic reactions, then when i found out that shit was being made in china i could only surmise that they arent using real white gold. they are using some rhodium plated bullshit and POLISHING said jewerly with white gold. THEN the fact that you can not call any customer service place anywhere and speak to an american. even DR’s offices are outsourcing shit. i called my doctor’s office to talk about a bill and some dude named “eric” with a thick ass indian accent picked up! say what you want. this type of bullshit was not happening under the democrats. the republicans are notorist for raping our economy and not caring what’s left, just as long as they were able to get theirs. SMMFH!
LMAO!! Boston George and Nina……..Hell Naw!! LOL!!LMBAO!!! ;-D Not the one stripper with no music! LOL!!
Home Depot is not closing any other stores - we are relocating a store. There have been absolutely NO announcements that any stores are closing. I work fo rthe corporate office as a District HR Manager and someone gave you false info….
Some one said buy American? There is no such thing as American in this globalized market. All our swag is made in China and India! Wake the fuck up. You sound like a sound bite!
HELLZ YEA,MAD STORES AROUND THE WAY CLOSING DOWN.THIS SHIT IS SERIOUS MAAN.. 09 NEED TO COME SOON SO OBAMA COULD START THE LONG PROCESS OF BUILDING THIS COUNTRY BACK, FROM YHE GROUNG UP!!!