November 22, 2008

  • I got this through e-mail, and I thought it was interesting to see how some companies are getting negatively affected by the bad economy. There are some big stores in this list too, with some I've known for as long as I can remember. Then there are some on that list I'm surprised were still around at all. With the holiday gift season coming up, you really should take a look at this list.

    "Just a heads-up if you are a giver/receiver of holiday gift cards, here are just SOME of the stores that are either bankrupt, going out of business, closing their doors, or closing stores nationwide.  You may want to think twice about giving out gift cards from these stores...and if you get any...use them immediately, i.e. before the end of the year!"

    Circuit City                (filed Chapter 11)
    Ann Taylor                (closing 117 stores nationwide)
    Lane Bryant              (closing 150 stores nationwide)
    Eddie Bauer              (closing 27 stores immediately and more after Jan 1st)
    Talbots                       (closing down their specialty stores)
    Pacific Sunwear      (also owned by Talbots)
    GAP                            (closing 85 stores)
    Footlocker                 (closing 140 stores immediately and more after Jan 1st)
    Wickes Furniture     (filed Chapter 11)
    Levitz                          (closing all remaining stores)
    Bombay                     (closing all stores)
    Zales Jewelers        (closing 82 stores and 105 after January 1st)
    Disney Store             (closing 98 stores and more after January 1st)
    Home Depot             (on the verge of bankruptcy)
    Sears                          (on the verge of bankruptcy)
    Macy's                        (closing 9 stores after January 1st)
    Linens n' Things      (filed Chapter 11)
    Movie Galley             (closing all stores)
    Pep Boys                   (closing 33 stores)
    Sprint/Nextel             (declining sales; closing 125 stores/kiosks)
    JC Penney                (closing a number of stores after January 1st)
    Ethan Allen               (closing 12 stores)
    Wilson's Leather      (closing all stores)
    Sharper Image         (bankrupt, closing all stores)
    KB Toys                     (closing 156 stores)
    Lowes                        (closing some stores)