Recession Fears You Can See

So we’ve all been hit by this recession. It’s getting pretty bad too. No, really. It’s not just on the news where you sit in the comfort of your home, watching your 44-inch new plasma screen TV to see that this big CEO just declared bankruptcy or some bank you’ve never heard of was gobbled up but a bank from Japan. No, now we are seeing it in the stores we go to and some that we even went to a lot as kids. I for one used to, back in my hey-day, shop at Pacific Sunwear. I was a skateboarder and snowboarder (still am) and it fit my style then. I was even employed there for my first real job when I was 16. Pacific Sunwear, as a specialty store of Talbots, is being closed down. Nationwide. Here I have a list of some other businesses that are closing down as well and watch out, if you give gift cards usually for the holidays these stores are still selling them. Only to have them be worthless after January 1, 2009. It’s called Bankruptcy planning and it is pretty low. Check out these other stores that are, to be blunt, going down.

Ann Taylor- 117 stores nationwide closing
Lane Bryant, Fashion Bug ,and Catherine’s to close 150 stores nationwide
Eddie Bauer to close stores 27 stores and more after January
Cache will close all stores
Talbots closing down specialty stores
J. Jill closing all stores (owned by Talbots)
Pacific Sunwear (also owned by Talbots)
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 1 in NJ ( New Brunswick )
Macys to close 9 stores after January
Linens and Things closing all stores
Movie Gallery closing all 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

For God’s sake people, if Disney is about to close almost a hundred stores this must be serious! I mean, it’s Disney for crying out loud!

Ryan Evans – Wine Editor


1 Response to “Recession Fears You Can See”

  1. 1 brenna December 1, 2008 at 12:56 pm

    interesting (and scary) figures… where did this list come from, or is it a compilation?

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