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.

Macy's Closing 11 Stores

Macy's Closing 11 Stores

Looks like it’s time for Macy’s annual closing of the stores! This time it’s 11 underperforming locations that will be shuttered, and Macy’s says clearance sales will begin at those stores next week. Here’s a list of the stores that will be saying goodbye.

http://consumerist.com/2007/12/10/levitz-furniture-will-close-all/

Levitz Furniture will close all 76 stores. [Seattle Post-Intelligencer]

HOW TO: Know If Your CompUSA Is Getting Liquidated

HOW TO: Know If Your CompUSA Is Getting Liquidated

How do you know if your local CompUSA is one of 129 getting liquidated starting tomorrow? If it’s not on this list, it’s going out of business.

Walmart Retreats From Germany

Walmart Retreats From Germany

NYT reports Walmart wants to close its German stores, after years of failing to crack the Teutonic market.