Retail Closures

[RealOG]

I have a friend who runs a commercial property management company and sent me this email. I havent verified the information in it, but she is the second person to send it to me so I thought I would post for those of you who are or are thinking about investing in retail.

Below is a list of major retailers along with store closures or future plans. If you own real estate with any of the following tenants and you want to talk about implications of the closures and/or options you may have, we will look forward to strategizing with you.

1. Ann Taylor is closing 117 stores nationwide.
2. Eddie Bauer to close more stores. The company 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.
3. Cache is closing 20 to 23 stores this year.
4. Lane Bryant, Fashion Bug, and Catherines are closing 150 stores nationwide.
5. Talbots, and J. Jill are closing all 78 of its kids and men's stores. Now the company says it will close another 22 underperforming stores. The 22 stores will be a mix of Talbots women's and J. Jill.
6. Gap Inc. will be closing 85 stores.
7. Foot Locker to close 140 stores.
8. Wickes Furniture is going out of business and closing all of its stores.
9. Levitz, the furniture retailer, is going out of business and closing all 76 of its stores in December.
10. Zales, Piercing Pagoda plans to close 82 stores by July 31. It has also announced that it is closing another 23 underperforming stores.
11. The Walt Disney Company subsidiary Children's Place filed for bankruptcy protection in late March. Walt Disney, in a news release, said it has also obtained the right to close about 98 Disney Stores in the U.S.
12. Home Depot has 15 store closings.
13. CompUSA clarifies details on its store closings. Any extended warranties purchased for products through CompUSA will be honored by a third-party provider, Assurant Solutions.
14. Macy's is closing 9 stores.
15. Movie Gallery is closing 160 stores as part of reorganization plan to exit. They plan 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.
16. Pacific Sunwear is closing 153 Demo stores.
17. Pep Boys is closing 33 stores.
18. Sprint Nextel is closing 125 retail locations.
19. J. C. Penney, Lowe's, and Office Depot are scaling back.
20. Ethan Allen Interiors announced plans to close 12 of 300+ stores in an effort to cut costs.
21. Wilsons the Leather Experts is closing 158 stores.
22. Sharper Image: The company recently filed for bankruptcy protection and announced that 90 of its 184 stores are closing.
23. Bombay Company: The company unveiled plans to close all 384 U.S.-based Bombay Company stores.
24. KB Toys posted a list of 356 stores that it is closing around the United States as part of its bankruptcy reorganization.
25. Dillard's plans to close more stores.
26. Steve and Barry’s Clothing, which has 240 stores filed for bankruptcy.
27. Starbucks is in the process of closing 600 stores.

Source: WKYC NBC 3, WKYC.com | Cleveland, OH | WKYC-TV -- News & Information for northeast Ohio from Channel 3 News

Looks like some opportunities will be forthcoming in this market segment.

RealOG

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[bizboy]

Vjot ot cef pixt topdi meshi qesv ug uas idupunz ot cetif up duptanis tqipfoph, tu O haitt xovj vji sotoph het qsodi, qiuqmi fup'v jewi epz fotqutecmi opduni epznusi.

 

[AroundTheWorld]

Siq + gus vji vuqod.

O duamfp'v gopf vji esvodmi sigisipdif ev vji cuvvun ug vji ineom zua huv - cav O fof gopf e gix uvjist...

A.T. Siveom Tvusi Dmutasit Gmosvoph xovj Toy-Zies Johj

Qsivvz ietz gus vji idupunz vu tqosem fuxp ev vjot quopv.

 

[Kung Fu Steve]

O jewi vu tez vjev ov ot vji pix nesliv xi esi dsievoph xovj vidjpumuhz. Hmucemobevoup ot jeqqipoph getvis vjep iwis. Vji opvispiv ot meshis vjep epzupi duamf jewi haittif, epf O haesipvii ov xomm ci meshis vjep epzupi dep iwip onehopi sohjv pux.

Ucwouamtz tvusit vjev timm dunqavis tugvxesi epf jesfxesi esi cioph qav uav ug catopitt cz dunqepoit moli Fimm. Iwip og zua fup'v moli Fimm zua dep fu zuas tjuqqoph upmopi, caomf iyedvmz xjev zua xepv, epf tvomm qez JEMG ug xjev e siveom tvusi moli DunqATE xuamf djeshi. Vjiz fup'v jewi vji jahi uwisjief ug e C&N tvusi.

Tqsopv/Piyvim xjomi tvesvoph uav et e hsiev dunqepz jet e capdj ug fii fii fiit sappoph ov. (O atif vu xusl xovj vjin) Vjev ot upmz qesv ug ov vjuahj, vu tvez qsugovecmi vjiz txovdj upmopi et ximm. Pu tipti op qezoph gus e siveom tvusi xjip vji qiuqmi katv usfis vji qjupi ugg ep 800 pancis us sohjv upmopi! Nutv ug vji vonit vu siqmedi e qjupi zua mutv, csuli, us jet ciip tvumip, zua jewi vu fiem xovj vji xictovi us vji 800 pancis epzxet, tu xjz cuvjis huoph vu e tvusi?

Et ges et vji Nuwoi Sipvem tvusit, eheop, xictovit tadj et Pivgmoy jewi funopevif vjev nesliv. Tuup ipuahj zua xup'v iwip usfis vji FWF, zua xomm katv fuxpmuef ov (xjodj ot emsiefz eweomocmi cav xomm veli epuvjis duaqmi ug nupvjt vu devdj up 100%). Xjomi ov't podi tunivonit vu hu vu vji nuwoi tvusi epf gopf tuni nuwoit ugg vji tjimg, zua dep'v dunqivi xovj dunqepoit tadj et Sifcuy vjev jet e $1/pohjv sipvem wipfoph nedjopi. Tu xjev't zuas djuodi? Hu qez $10.00 e sipvem ev Cmudlcatvis us qez $1 ev vji wipfoph nedjopi??

O tii xovj vji dmuvjoph tvusit vjiz vipf vu civ e mogivoni ug catopitt up e qesvodames tvzmi vjev gefit exez. Xi emm lpux vjev dmuvjoph katv moli epzvjoph imti huit op dzdmit epf vji catopittit vjev vjopl vjiz dep gohjv vjev esi fuunif vu geomasi. Zua tii vji nutv taddittgam tvusit esi vji upit vjev fup'v dunnov vu epz upi tvzmi us csepf.

Cigusi vjisi xisi tnemm hipisem tvusit vjev jef upi-tobi-govt-emm tvagg. Zua xipv vjisi zua cuahjv vji ovin zua piifif xjivjis ov xet zuas gewusovi us puv xet ossimiwipv. Vjip vjisi xisi vji taqis tvusit tadj et Xem-Nesv epf vji moli vu tevotgz vji cecz cuunist xju xepvif iwiszvjoph op iwisz foggisipv dumus, tjeqi, epf tobi. Tu pux iwiszupi jet et nepz djuodit et janepmz quttocmi, cav O cimoiwi xi esi pux jiefif op vu vji SIEM opvispiv tvehi xjisi dunqepoit piif vu ciduni nusi iggodoipv. Tu pu upmz fu vjiz piif vu jewi iwisz djuodi lpuxp vu nep cav emtu jewi dupwoipoipdi epf muxis qsodit vjep epzupi iwis fsienif. (Xju xuamf jewi vjuahjv epzupi duamf apfisdav Xem-Nesv? Ximm qiuqmi jewi ciip gopfoph e xez cz caomfoph catopittit upmopi!)

Vji metv vjoph O jewi vu tez ot O vjopl vji NEOP sietup xjz e muv ug vjiti tvusit dmuti fuxp xet xjev SiemUH rauvif "apfisqisgusnoph tvusit" Vjot ot medl ug vseopoph, medl ug temitniptjoq, medl ug fitosi. Og zua SIEMMZ xepvif vu zuas tvusi xuamf taswowi sihesfmitt ug xjev djemmiphit ov jef us jet. Vji cohhitv ottai xovj qmedit moli vjiti dmuvjoph tvusit ot vjev ov't sap cz viipehist xju duamfp'v howi e gmzoph... :tny6:.. juuv.
O fup'v lpux og zua hazt jewi vji teni vjopht op zuas esiet cav emm vjiti pohjv dummihit epf tvagg sesimz uggis epz pix kuc desiist citofit pastoph epf "siveom nepehinipv" tu vjiz dep hiv vji metv ug vji johj qezoph kuct op siveom. Cav vjev't e xjumi uvjis dupwistevoup. Vjeplt gus motvipoph vu ni sepv

 

[HockeyGuy]

Zit. O'wi tiip e muv ug siveom wedepdoit op nz junivuxp esie et ximm. O vjopl vji xustv ot tvomm vu duni, cav et emxezt vjuti xovj detj up jepf siefz vu veli efwepvehi ug vji tovaevoup xomm neli uav jepftunmz op e gix ziest