Retailers to Close Stores

Although We're optimists at heart, we can't deny the reality of the retail landscape changing in front of our eyes. Everyone is aware that Retail has been the most underperforming sector of Commercial Real Estate. This unofficial list of retailers (shown below) shuttering their stores was a shocking splash of cold water in the face.

Now, before people start yelling that the sky is falling, remember that Real Estate works in cycles. This is going to be a tough down cycle for the retail sector as consumers cut back on spending, slashing retailer revenues and impacting. Shopping Center Owners (as we saw in the previos blog posting) , and strip all owners will be taking serious hits and filing for bankruptcy. This contraction in the market will open up opportunities for innovative investors and enlightened entrepreneurs to make their move and acquire distressed properties.

In the meantime, cash in your gift cards and look for bargains at the following stores:

Retailers to Close Stores

• Circuit City - Filed for bankruptcy, unsure as to how many stores will close
• Ann Taylor- 117 stores nationwide
• Lane Bryant, Fashion Bug ,and Catherine’s 150 stores nationwide
• Eddie Bauer to close stores 27 stores and more after January
• Cache will close all stores
• Talbots closing down all stores
• J. Jill closing all stores
• GAP closing 85 stores
• Footlocker closing 140 stores more to close after January
• Wickes Furniture closing down
• Levitz closing down remaining stores
• Bombay closing remaining stores
• Zales closing down 82 stores and 105 after January.
• Whitehall closing all stores
• Piercing Pagoda closing all stores
• Disney closing 98 stores and will close more after January.
• Home Depot closing 15 stores
• Macys to close 9 stores after January
• Linens and Things closing all stores
• Movie Galley Closing all stores
• Pacific Sunware closing stores
• Pep Boys Closing 33 stores
• Sprint/ Nextel closing 133 stores
• JC Penney closing a number of stores after January
• Ethan Allen closing down 12 stores.
• Wilson Leather closing down all stores
• Sharper Image closing down all stores
• K B Toys closing 356 stores
• Lowes to close down some stores
• Dillard’s to close some stores