The Wall Street Journal took a look at Circuit City’s current predicament today and concluded that they’re in deep sh*t. But that’s great for bargain hunters, right? Nah. Not really.
We received a tip today that Bank of America supposedly plans to close nearly all of its customers’ credit cards on October 1st, but the only source we can find for this rumor is a single post at iReport.com, CNN’s public journalism free-for-all. Everything else online that mentions this is traced back to that one short post. So, until we find out more, we’re going to say this one is bunk—and a great example of how wild rumors can pop up during desperate times. (Thanks to Joseph!)
Sidd snapped this photo at the Palisades Mall in West Nyack, NY over the weekend. “Flexible hours” in this case might mean a lot of free time very soon.
Starbucks has released the complete list of stores that will be closing. You can browse the full list, organized alphabetically by state, inside.
Behold! A map of the Starbucks locations that are rumored to be closing. If you know of a location that’s getting the ax, you can submit your information to the Seattle Times. [Seattle Times via Starbucks Gossip]
MSNBC says that Starbucks has announced that it will be closing 600 locations in the US and could eliminate up to 12,000 full and part-time jobs. Previously, the company had announced that it would close only 100 stores.
Airlines aren’t just hiking fees to cover fuel costs—they’re also reducing the number of places where they’ll fly. Nearly 30 cities across the country have lost their scheduled service over the last year, making it just a little harder to get to sparsely populated areas. [New York Times]
Reader L is an employee of Wilson’s Leather and has the following to report from inside the liquidation. Everything and everyone must go.
Neil Smith, owner of two Crackpot Restaurants in Maryland, recently shut down one of them and left employees without pay and gift card holders without compensation.
”We’re trying to reinvent Polaroid so it lives on for the next 30 to 40 years,” Tom Beaudoin, Polaroid’s president, chief operating officer and chief financial officer, said in a phone interview Friday.
Well now you’ve done it, shoppers of America: your refusal to spend enough money at Macy’s is forcing the department store chain to shutter nine “underperforming stores in Indiana, Ohio, Louisiana, Oklahoma, Utah and Texas,” reports Reuters. Seriously, what does it take to get you to buy stuff from them? They gave out coupons!
Dear Valued CompUSA Customer,
“Traffic is just not what it used to be when Blockbuster was the big rooster in the hen house,” said Andy Cross, senior analyst with The Motley Fool.
Effective immediately, customers in closing stores are not eligible for CompUSA rebates, and manufacturer rebates will not be available. If an item was purchased prior to 2/27/07, and qualifies for a rebate, please follow the normal submission instructions located on your rebate form. The closing store will not participate in CompUSA’s national ads. However, the closing stores will have their own sales; pretty much every item in the store will be on sale, and the closing stores may have their own ads too.
Well, at least “pretty much every item in the store will be on sale.” You just don’t see enough use of the phrase “pretty much every” in store policies these days.—MEGHANN MARCO
According to a tipster, this is the email address for the CEO of GAP: Bob_fisher_ceo@gap.com