Office Depot Plans To Close 400 Stores By The End Of 2016

Office Depot Plans To Close 400 Stores By The End Of 2016

Office Depot and Staples are the country’s two largest remaining big-box office supplies chains, and earlier this year, Staples proposed to to acquire Office Depot. While the two companies wait for the Federal Trade Commission to bless the marriage or call off the engagement, Office Depot has announced plans to speed up its store closings, with a goal of shuttering 400 stores by the end of 2016. [More]

(Gary Stevens)

Starbucks Closing All Standalone La Boulange Bakery Cafés By Fall

Back in 2012, Starbucks bought a San Francisco-based bakery chain, La Boulange, to help class up its offerings in the pastry case. While Starbucks will keep the brand for the pastries served in Starbucks cafés, the company has decided to close the 23 standalone La Boulange locactions that have stayed in business since the acquisition. [More]

(Mike Mozart)

Gap To Close 21% Of Its U.S. Stores By January

The mid-priced clothing business simply isn’t what it used to be. Today, Gap Inc. announced that it will be closing 175 of its Gap stores in the next few years, and 140 of them will close during this fiscal year, which ends in January. However, it’s just regular Gap stores that are closing: the company’s upmarket Banana Republic brand and downmarket Old Navy brand are doing fine, as are Gap outlets and factory stores. [More]

(shimown)

Frederick’s Of Hollywood Will Close One-Third Of Stores

While Frederick’s of Hollywood is a much smaller chain than other recent retail collapses like Delia’s dELiA*s, Wet Seal, and the impending loss of thousands of Radio Shacks, we’re still sad to share the news that about one-third of stores in the lingerie chain will close. While we don’t have the list yet, we do know one store on it: the chain’s flagship store in Hollywood. [More]

Here’s A List Of Proposed RadioShack Store Closings

Here’s A List Of Proposed RadioShack Store Closings

No one who has been paying attention to retail news is surprised that RadioShack filed for Chapter 11 bankruptcy protection yesterday, and that the chain plans to close about half of its stores. Yet you may be wondering: what if I need a soldering kit or a cordless phone battery at 4 P.M. on a Friday? How many of the Radio Shacks near me are going out of business? [More]

Just Because Your Kmart’s Shelves Are Empty, That Doesn’t Mean It’s Closing

Just Because Your Kmart’s Shelves Are Empty, That Doesn’t Mean It’s Closing

As Sears Holdings, the parent company of Kmart and Sears, tries to save itself from impending doom, the company is closing a number of its weaker stores. In the current round of cuts, Kmart stores are heavily affected, but the company wants to assure residents of one California town that in spite of empty shelves, their local Kmart store is not about to close. [More]

JCPenney Announces 40 Store Closures, But Holiday Sales Were Up

JCPenney Announces 40 Store Closures, But Holiday Sales Were Up

JCPenney is looking slightly less doomed than previously anticipated. This week, the department store chain announced its holiday season sales results, which were slightly up over the same period last year. There’s bad news, too, though: about 4% of the company’s stores will close this spring, a total of 40 stores in 19 states, with a total of about 2,250 jobs. [More]

Eddie Lampert Blogs Mini-Manifesto About Why Sears Has Shed 200 Stores

Eddie Lampert Blogs Mini-Manifesto About Why Sears Has Shed 200 Stores

Americans seem to love and hate their Kmart and Sears stores: our posts linking to unofficial but comprehensive closing lists have been very popular in the last few weeks. Americans apparently love to complain about their Sears Holdings stores, but don’t really want them to go away. Sears Holdings CEO and chief manifesto-writer Eddie Lampert recently took to the company’s blog to explain why the chain is getting rid of up to 200 stores. [More]

Sears Says Reports Of Planned Store Closings Are Wrong, Won’t Elaborate

Sears Says Reports Of Planned Store Closings Are Wrong, Won’t Elaborate

Sears Holdings wants you to know that the rumors of planned store closings by the end of this year are wrong. After a report earlier today put together information from local media reports about which Sears, Sears Auto, and Kmart locations are currently scheduled to close, Sears representatives reached out to major outlets like USA Today and the Chicago Tribune to explain that the reports were incorrect. [More]

Layaway Customer At Closing Ohio Kmart Told To Pay Up Before Store Closes

Layaway Customer At Closing Ohio Kmart Told To Pay Up Before Store Closes

Kmart started its Christmas-themed advertising back at the beginning of September, with an ad promoting its layaway program. Only after the holiday layaway season kicked off, Kmart announced a fresh round of store closings. This included two stores in Ohio, which have told customers that they have to pay off their layaway accounts by November 1st. UPDATE: The deadline may indeed not be November 1st. [More]

(soul_motor)

Staples Will Keep Closing Stores, Nobody Is Surprised

Earlier this year, Staples announced plans to close 225 underperforming store due to poor performance. Almost six months later, the office supply retailer hasn’t managed to turn things around, mostly because consumers are looking elsewhere for most of the things they would buy at Staples. Especially electronics. Turning things around will be a difficult task, since the chain plans aggressive discounts to lure customers back in. [More]

Best Buy To Close 42 Stores, Hold Crappy Clearance Sales

Best Buy To Close 42 Stores, Hold Crappy Clearance Sales

Customers stopping by some Best Buy stores around the United States on Saturday got a surprise: the stores had abruptly closed down for the day. When the electronics mega-chain announced a few weeks ago that they planned to close about fifty of their biggest boxes, they meant it. Forty-two Best Buy stores in twenty states (and one in Puerto Rico) will close by May 12. Or whenever they run out of stock: whichever happens first. [More]

Best Buy To Employees: "Don't Worry About Stores Being Closed. We're Opening Stores In China"

Best Buy To Employees: "Don't Worry About Stores Being Closed. We're Opening Stores In China"

Back in January, Best Buy CEO Brian “Brooks and” Dunn confirmed reports that the electronics retailer would continue to shrink the footprint of its bricks-and-mortar stores. But a recent memo sent to employees says not to worry about those shuttered outlets because Best Buy is opening up new stores — in China. [More]

First Sears And Kmart Closings Of 2012 Concentrated In Midwest And South

First Sears And Kmart Closings Of 2012 Concentrated In Midwest And South

Sears Holdings, owner of the perpetually troubled retailer power couple Sears and Kmart, has released the locations of 80 out of the 100 to 120 “under-performing” stores that will close in the coming months. Most of the stores on this first list are in the southern and midwestern U.S. [More]

28 More Borders Stores Added To Closing List

28 More Borders Stores Added To Closing List

Borders announced late yesterday that heartbreak, job loss, and terrible liquidation sales are coming to even more of its stores than previously announced, as part as the company’s bankruptcy plans. In a statement the company said that the stores added to the list will close by late May, and could start liquidation as soon as this weekend. [More]

Say Goodbye To GameCrazy, Hollywood Video

Say Goodbye To GameCrazy, Hollywood Video

Blockbuster’s main brick-and-mortar competitor, Movie Gallery, is shutting down all its U.S. stores, Reuters reports, citing the paywall-riffic Wall Street Journal. [More]

http://consumerist.com/2009/02/13/best-buy-is-streamlining-its/

Best Buy is streamlining its high end Magnolia Audio Video stores by closing down Magnolia HQ, disbanding all current Magnolia management positions, and closing 7 of the 13 stores. [TWICE] (Thanks to Klay and Eric!)

Is JC Penney Going To Close Some Of Its Stores?

Is JC Penney Going To Close Some Of Its Stores?

This is rumor only, folks, but a tipster tells us that JC Penney plans on closing 11 stores this year, and that they’re freezing salaries on all employees. The retailer isn’t doing as badly as some of its competitors—it has no debt maturing in 2009, for example, and plans to have $2 billion in cash on hand at the end of this month—but considering CEO Mike Ullman has said he’s planning business conservatively for 2009, it wouldn’t be that surprising if it turns out to be true.