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Friday, January 16, 2015

Update Major Store Closings


    Best Buy
    Forecast store closings: 200 to 250

    Sears Holding Corp.
    Forecast store closings: Kmart 175 to 225, Sears 100 to 125

    J.C. Penney
    Forecast store closings: 300 to 350 and laying off 2,250 workers.

    Office Depot
    Forecast store closings: 125 to 150

    Barnes & Noble
    Forecast store closings: 190 to 240, per company comments

    Forecast store closings: 500 to 600

    Forecast store closings: 150 to 175

    Forecast store closings: 450 to 550 AND is negotiating with lenders to gain approval to shutter 1,100 stores in 2015.    They closed 175 locations in 2014.

   Closing 114 of its 790 stores across the country.

    C. Wonder
    The preppy retailer, is going out of business, closing all 11 of its U.S. stores in the next few weeks.

    Wet Seal
    Is closing 338 retail stores while dealing with bankruptcy proceedings. Nearly 3,700 full- and part-time  workers will be    unemployed.

    Suffering from declining sales, closed 75 stores during the holiday season, which runs from  November   through January in order to make payroll. And in 2015, they expect to close an additional 50 to 75 stores.


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