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Tuesday, August 5, 2008

The Real State of the US Economy

"The CRG grants permission to cross-post original Global Research articles on community internet sites as long as the text & title are not modified."

"    Ann Taylor closing 117 stores nationwide.

    Eddie Bauer to close more stores after closing 27 stores in the first quarter.

    Cache, a women’s retailer is closing 20 to 23 stores this year.

    Lane Bryant, Fashion Bug, Catherines closing 150 stores nationwide

    Talbots, J. Jill closing stores. Talbots will close all 78 of its kids and men's stores plus another 22 underperforming stores. The 22 stores will be a mix of Talbots women's and J. Jill.

    Gap Inc. closing 85 stores

    Foot Locker to close 140 stores

    Wickes Furniture is going out of business and closing all of its stores. The 37-year-old retailer that targets middle-income customers, filed for bankruptcy protection last month.

    Levitz - the furniture retailer, announced it was going out of business and closing all 76 of its stores in December. The retailer dates back to 1910.

    Zales, Piercing Pagoda plans to close 82 stores by July 31 followed by closing another 23 underperforming stores.

    Disney Store owner has the right to close 98 stores.

    Home Depot store closings 15 of them amid a slumping US 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.

    CompUSA (CLOSED).

    Macy's - 9 stores closed

    Movie Gallery – video rental company plans to close 400 of 3,500 Movie Gallery

    and Hollywood Video stores in addition to the 520 locations the video rental

    chain closed last fall as part of bankruptcy.

    Pacific Sunwear - 153 Demo stores closing

    Pep Boys - 33 stores of auto parts supplier closing

    Sprint Nextel - 125 retail locations to close with 4,000 employees following 5,000 layoffs last year.

    J. C. Penney, Lowe's and Office Depot are all scaling back

    Ethan Allen Interiors: plans to close 12 of 300 stores to cut costs.

    Wilsons the Leather Experts – closing 158 stores

    Bombay Company: to close all 384 U.S.-based Bombay Company stores.

    Dillard's Inc. will close another six stores this year. "
The Real State of the US Economy

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