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34 Retailers Likely to Close This Year
allen griggs
Member Posts: 35,227 ✭✭✭✭
o close or go broke before the end of 2017 Facebook Twitter Share
34 retailers likely to close or go broke before the end of 2017
1:03 p.m Sunday, May 28, 2017 Atlanta News
Facebook Twitter Share 34
NEWS Atlanta Journal Constitution
The bloodbath at retail that?s seen more than 3,600 stores closures announced since January isn?t over yet.
We could reach the 10,000 store-closure mark by the end of the year, according to credit consulting service F&D Reports.
F&D?s research has identified 34 retailers suffering from poor sales and too much overhead that it says will likely announces more store closures en masse or bankruptcy filings before the year is out.
Shopko
National Stores
Forever 21
Charming Charlie
Fresh Market
Bloomin? Brands
Ascena
Tailored Brands
Rent-A-Center
Bravo Brio
Trans World
Fred?s
Rite-Aid
Conn?s
Tuesday Morning
Guitar Center
GNC
Neiman Marcus
Toys R Us
Sears Hometown
J. Crew
Noodles and Co.
Lumber Liquidators
Charlotte Russe
Bon-Ton Stores
Tops Markets
Claire?s
Ruby Tuesday
Sears Holdings
99 Cents Only
Ignite
Perfumania
Le Chateau
Gymboree
It?s not just Amazon killing the brick-and-mortar stores!
We should note that some of the stores listed here ? Sears, Bloomin? Brands and Ruby Tuesday, in particular ? have announced anywhere from dozens to more than 150 store closures this year already.
Meanwhile, it?s been widely reported that others like Gymboree and J. Crew are facing imminent bankruptcy.
Yet in the midst of all the media coverage, one important point is sometimes overlooked: It?s not just Amazon killing off the brick-and-mortars. It?s also that we?re way ?over-stored? in the United States, as money expert Clark Howard would say.
?We have far too many retail locations, shopping centers and branches of different chains,? the consumer champ notes. ?But stores that are meeting your needs with low prices will continue to thrive.?
The sad truth for ailing retailers is that we have 24 square feet of retail space for every person in the United States, according to F&D.
By comparison, Canada ? the next country on the list with the most retail space ? has 16 sq. ft. of retail space per capita.
Australia ? the third most heavily retailed country in the world ? has only 11 sq. ft. That?s less than half the square footage of retail space per capita that we have!
34 retailers likely to close or go broke before the end of 2017
1:03 p.m Sunday, May 28, 2017 Atlanta News
Facebook Twitter Share 34
NEWS Atlanta Journal Constitution
The bloodbath at retail that?s seen more than 3,600 stores closures announced since January isn?t over yet.
We could reach the 10,000 store-closure mark by the end of the year, according to credit consulting service F&D Reports.
F&D?s research has identified 34 retailers suffering from poor sales and too much overhead that it says will likely announces more store closures en masse or bankruptcy filings before the year is out.
Shopko
National Stores
Forever 21
Charming Charlie
Fresh Market
Bloomin? Brands
Ascena
Tailored Brands
Rent-A-Center
Bravo Brio
Trans World
Fred?s
Rite-Aid
Conn?s
Tuesday Morning
Guitar Center
GNC
Neiman Marcus
Toys R Us
Sears Hometown
J. Crew
Noodles and Co.
Lumber Liquidators
Charlotte Russe
Bon-Ton Stores
Tops Markets
Claire?s
Ruby Tuesday
Sears Holdings
99 Cents Only
Ignite
Perfumania
Le Chateau
Gymboree
It?s not just Amazon killing the brick-and-mortar stores!
We should note that some of the stores listed here ? Sears, Bloomin? Brands and Ruby Tuesday, in particular ? have announced anywhere from dozens to more than 150 store closures this year already.
Meanwhile, it?s been widely reported that others like Gymboree and J. Crew are facing imminent bankruptcy.
Yet in the midst of all the media coverage, one important point is sometimes overlooked: It?s not just Amazon killing off the brick-and-mortars. It?s also that we?re way ?over-stored? in the United States, as money expert Clark Howard would say.
?We have far too many retail locations, shopping centers and branches of different chains,? the consumer champ notes. ?But stores that are meeting your needs with low prices will continue to thrive.?
The sad truth for ailing retailers is that we have 24 square feet of retail space for every person in the United States, according to F&D.
By comparison, Canada ? the next country on the list with the most retail space ? has 16 sq. ft. of retail space per capita.
Australia ? the third most heavily retailed country in the world ? has only 11 sq. ft. That?s less than half the square footage of retail space per capita that we have!
Comments
I do like Noodles & Co., but there are far apart in this area. I'd hate to see them go. We really like the food there.
My wife likes Tuesday Morning, it seems to do well here. They just doubled the size of the store. Most always find something at a bargain there.
Guitar Center?! oh no! [:0]
that's the only one I care about
They just opened a new superstore in Kennesaw about 8 miles up the same road (Hwy 41) from their existing center. So when I can buy the same tuner from Amazon for $5.95 delivered that they want $12.50 plus tax and gas an my time to get there where am I going to shop?. If however I want to play my guitar on 20 different amps and see which one I like best they are the place to go. (Not that I have anywhere near that skill level, but that is the good thing about their locations...
and none that I can't do without
Guitar Center?! oh no! [:0]
that's the only one I care about
Thought that to.
as long as there is a hood rent-a-center is safe
It is GOVERNMENT at all levels with its taxes and regulations that are killing brick and mortar stores.
That is exactly what is killing small business. I and my wife are small business owners and I would estimate that we spend a good 25-30% of our day dealing with some regulation or another.
I went in to a rite-aid a few years ago one time to get something for my Dad when he was sick and I have gone inside a Sears maybe 3 times in the last 20 years to get an appliance or a tool.
Sears missed the Internet sales boat. They had the perfect set up for internet sales when it 1st started, hell they just about invented sales ordering, only instead of a paper catalogue now its a computer screen., but they were fat and happy where Amazon was hungry. Now Walmart is trying beat out Amazon and doing a good job at it.
Survival of the fittest is spot on! Adapt or die.
Two hoodlums working the register mouthed off at law enforcement. Stock plunged, never recovered.
If I was cynical, I'd guess a couple white collar felons massively shorted N&C, then targeted the employees at a bar, plied them with drinks and drugs, and incited them to begin agitating law enforcement.
Sound crazy? Maybe. But someone made a pile of money on that stock's drop.
They had an upscale clientele but earlier this year a lot of "furners" were picking through the fruit containers,, maybe they will go out of business. A good "half price sale" 49.5 cents, that should help sell out the merchandise.
Got a 1,000 peso store, another favorite place, never know what you'll find. Just last week a big bottle of shampoo. Good for washing chicken feet. They seem to like it, eyes get big, stare straight ahead and don't move, maybe the foot massage part is what they like?
Retailing business is tough right now as the internet has put a hurting on them.
Didja read the post? They are opening too many stores to close together, and too many selling the same thing.
My fiancee's girlfriend, down in Atlanta, has a son and daugher in law that bought a GNC franchise, maybe 25 years ago.
Health food store and a pretty good one.
They were making good money back then and were thinking of buying a second one.
Tough luck for them, their big investment is now worth zero.
Hope they saved some money.
Bloomin Brands? The owners of Outback, Bonefish, Carraba's, Flemings and others? Not likely....
Rent a Center? Not likely...
I think a lot of these articles are written by people trying to short the stock.