Who's Closing Stores in 2010

Forbes

The worst seems to be over, but retailing is still a tough business. These companies closed a lot of stores in 2009, and are likely to be closing more this year.

Sources: The companies (spokespeople and websites), Davidowitz & Associates, About.com

View gallery

.

More from Forbes.com

10 Ways To Shop On Your Cellphone

10 Silky Slick Sales Tactics

10 Biggest Bankruptcies In U.S. History

The Risk List Top 10

Ritz Camera
2009 Store closures: 365

Outlook: Almost half the company's stores have shut down following a bankruptcy last year. The company has since been bought by private investors who continue to operate 375 stores as Ritz Camera & Imaging.


See the full list of Who's Closing Stores In 2010?

View gallery

.

Waldenbooks/Borders
2009 Store closures: 110 (Q4 2008 to Q3 2009)

Outook: Amazon.com continues to wreak havoc on traditional booksellers. The Borders unit says it will close an estimated 200 stores during the three months ending January 31, for a total of roughly 300 Waldenbooks stores over the past 13 months, close to 70 percent of all outlets. Retail analysts at Davidowitz & Associates give Borders Group, plagued with losses three years running, a 50-50 chance of survival.

View gallery

.

Blockbuster
2009 store closures: 300

Outlook: Part of a two-year plan to close 960 stores, about 13 percent of Blockbuster's 7,100 locations in the Americas. The company is trying to reformulate with kiosks and on-demand services that focus on hot new releases, but experts say the costs associated with the transformation will be too expensive to pull off without a bankruptcy. Shares have plunged from $10 to under a dollar a share since 2005.

View gallery

.

Zale Corp.
Fiscal 2009 Store closures: 218

Outlook: Jewelry has been hit very hard by the recession, with an estimated 2,000 stores closing last year throughout the industry. No official word on additional closings in 2010.

 

 

View gallery

.

Jones Apparel Group
2009 Store closures: 69

Outlook: The company plans another 196 closures this year for a two-year total of 265. But with a rising shoe business and numerous off-mall outlet locations, the company figures to continue its recovery from the stock price plunge of late-2008 to mid-2009.

View gallery

.

Starbucks
2009 Store closures: 566 (fiscal 2009, 12 months ended Sept. 27)

Outlook: Last year's cuts were part of plan to close 800 stores over two years, or about 10% of the total. Starbucks is ridding itself of excess and is poised to face an economic recovery with a stronger balance sheet.

 

View gallery

.

KB Toys
2009 Store closures: 461

Outlook: Poor. Another mall-based Wal-Mart. Around since 1922, the company filed for bankruptcy in December 2008. It just stopped honoring gift cards this month.

 

 

See the full list of Who's Closing Stores In 2010?

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You

    • Things You Should Never Buy at Aldi

      Haven't shopped at an Aldi supermarket yet? After steadily expanding its footprint in the eastern part of the country over the past 40 years - the first U.S. store opened in Iowa in 1976 - Aldi is now adding locations in Southern California. There are few shelves, few employees and none of the amenities you've come to expect from the likes of Wegmans or Whole Foods.

      Kiplinger
    • One by one, 3 utility workers descended into a manhole. One by one, they died.

      When a utility worker in Key Largo, Fla., noticed that a section of a paved street was not settling properly, he decided to remove a manhole cover and descend into the earth. Moments later on Monday morning, the 15-foot-deep hole went silent. Sensing the man was trapped, a fellow utility worker climbed into the drainage hole to rescue him. When he, too, stopped responding, a third worker entered the same hole. All three men died, overcome by poisonous fumes underground, the Monroe County Sheriff’s Office said in a statement. A Key Largo firefighter who made a desperate attempt to save the men also became unconscious within seconds. The firefighter, Leonardo Moreno, an eight-year veteran of the

      Washington Post q
    • Ex-president George H.W. Bush moved to intensive care; wife hospitalized

      Bush, who at 92 is the nation's oldest living ex-president, has been at Houston Methodist Hospital since Saturday after experiencing shortness of breath, family spokesman Jim McGrath said on Wednesday. Since then, Bush experienced an "acute respiratory problem stemming from pneumonia" and was sedated for the unspecified procedure, his office said.

      Reuters 20 min ago
    • Ex-Amazon employee and start-up CEO shares a surprising trick for getting ahead at work

      Manuel Medina noticed that high-level Amazon executives all shared a specific skill.

      CNBC
    • Teen abducted as newborn still loves only mom she's known

      COLUMBIA, S.C. (AP) — An 18-year-old woman abducted as a newborn from a hospital in Jacksonville, Florida, says she still loves the only mother she has known.

      Associated Press
    • ‘Dance Moms’ Abby Lee Miller Wants No Jail Time In Fraud Case; Feds Disagree

      Just two days before the first part of Abby Lee Miller’s sentencing in her multi-million dollar fraud and illegal currency import cases, the Dance Moms host is insisting that the hiding of over $800,000 was all because she became too famous too fast. Miller is also saying she never hurt anyone, she’s been humiliated publicly and she doesn’t deserve to be put behind bars –  though the feds really don’t see it that way. “Ms. Miller respectfully requests that the Court impose a non-custodial sentence after considering her acceptance of responsibility and the nature and characteristics of her conduct and her life,” say Miller’s lawyers in a sentencing memorandum submitted in federal court on Tuesday. “Indeed, upon proper analysis, Ms. Miller submits that a sentence of probation would be entirely consistent with the advisory Sentencing Guidelines,’ the paperwork by Robert Ridge and Brandon Verdream of Pittsburgh firm Clark Hill asserts.

      Deadline Hollywood q
    • Kate Gosselin's Strict Demands: Pats Down Her Kids After They Visit Jon Gosselin (EXCLUSIVE)

      In the new issue of In Touch, sources reveal shocking new claims about how Kate Gosselin treats her eight kids. While the kids seem to be living it up during their TLC show Kate Plus 8, when the cameras aren’t rolling the fun stops. From constant surveillance and endless chores to regular pat-downs and strict edicts about what they can and can’t wear while visiting their dad, Jon Gosselin, the Gosselin children, claims an insider, “are prisoners in their own home.” (Photo Credit: Getty Images) Kate is especially unyielding when it comes to the kids visiting their father. “Kate says no clothing or belongings can be brought from her house to Jon’s house, so the kids arrive for visitation [at Jon’s]

      In Touch Weekly q
    • Teacher Pregnant by Student Gets 10 Years in Jail

      Alexandria Vera, 24, pleaded guilty last year to aggravated sexual assault of a child and was hoping to avoid prison and just get probation.

      Cosmopolitan
    • This Is What a $250 Million House Looks Like

      As a glut of mega-homes hits the L.A. market, developers are taking it up a notch.

      Bloomberg q
    • Steve Harvey Confronts Seth Meyers About Those ‘SNL’ Impressions

      Steve Harvey Confronts Seth Meyers About Those ‘SNL’ Impressions

      Superfan TV
    • Chelsea Clinton on life after the election

      (CNN)Chelsea Clinton has kept a low profile since her mother's election defeat in November. "Everything we believed before the election, we still believe," she said. "Use those emotions to engage and organize and advocate to protect and advance what you think matters most," Clinton said. Clinton added that the work can start close to home.

      CNN q
    • Boeing has an updated F-18 in the works — here's how it's 'comparable' to the F-35

      President-elect Donald Trump caused a genuine uproar in the combat-aviation community when he...

      Business Insider
    • Teen Abducted as a Newborn, in First Interview, Defends Alleged Kidnapper Who Raised Her

      ( function() {var func = function() {var iframe_form = document.getElementById('wpcom-iframe-form-bbba73581ee368ad45b1eb1c509f4cea-587f827e3ecd7');var iframe = document.getElementById('wpcom-iframe-bbba73581ee368ad45b1eb1c509f4cea-587f827e3ecd7');if ( iframe_form && iframe ) {iframe_form.submit();iframe.onload = function() {iframe.contentWindow.postMessage( {'msg_type': 'poll_size','frame_id': 'wpcom-iframe-bbba73581ee368ad45b1eb1c509f4cea-587f827e3ecd7'}, window.location.protocol + '//wpcomwidgets.com' );}}// Autosize iframevar funcSizeResponse = function( e ) {var origin = document. ...

      People
    • Amazon wins patent for Treasure Truck as it makes plans to expand beyond Seattle

      If you’re thinking about building a knockoff of Amazon’s Treasure Truck, the funky delivery vehicle for flash deals ranging from cameras to candy, consider yourself warned: The design is now patented. The patent was issued today, covering the ornamental design for the heavily modified Isuzu cab-over truck. The truck is typically stocked several times a month with one or two types of discounted goodies and makes deliveries to a few locations in the Seattle area. The Treasure Truck been compared to an ice cream truck for grownups: Amazon app users can get alerts about the deals on their smartphones, but once all… Read More

      GeekWire
    • Sasha Obama Catches Some Sun in Miami (61 photos)

      Following their European tour with First Lady Michelle Obama earlier last summer, the first daughters are bringing their chic sense of style to the streets of NYC for a father-daughter weekend with the President. Since moving into The White House eight years ago, Sasha and Malia Obama's style has transformed along the way. Click through for a look back at the teenagers' best fashion moments over the years. From Harper's BAZAAR

      Harper's Bazaar
    • 10 Exercises That Will Take Inches From Your Waistline

      Looking to make some serious reductions to the inches on your waistline, and ultimately lose weight? These exercises will get you started.

      The Cheat Sheet q
    • Soulja Boy Dumps Floyd Mayweather As He Announces He's Fighting Chris Brown In March

      Soulja Boy is either really hurting for cash or he really hates Chris Brown with a burning passion. Big Draco just announced that his boxing match is no longer being promoted by Floyd Mayweather because they’re not moving quick enough to get the fight going. Soulja Boy took to Twitter and voiced his displeasure working with Money May while also revealing the big Soulja Boy vs. Chris Brown bout is going down this March.

      UPROXX
    • Take a peek inside the most expensive home for sale in the US

      A 38,000-square-foot mansion in Bel Air, California, is poised to become the most expensive home for sale in the U.S. at $250 million.

      CNBC
    • Why Shahs of Sunset’s Reza Farahan Begged Producers to Cut One Scene to Save His Life

      Reality TV is not often a matter of life and death, but in the case of Shahs of Sunset‘s Reza Farahan, there was one instance where he felt it was. Speaking at the NATPE Television conference in Miami, the real estate agent and Bravo star detailed an instance where he begged producers to cut a scene — and they complied. “Once I said something about Ayatollah Khomeini,” the real estate agent recalled of the moment.

      People
    • North Korea's Kim Jong Un Is So Fat He Might Have Hurt His Ankle Again

      Kim's leg injuries have been linked to obesity in the past and recent pictures show the Korean leader appears to have put on extra weight. 

      International Business Times