Introduction Numerous companies have filed for bankruptcy and thousands of stores across the United States are liquidating and closing their merchandise. Below follows a samples list of the chain stores and the extent of their closings for 2009.
- Payless
This quarter 33 stores have closed and the company has announced that in the fiscal year of 2009,which 143 more are anticipated to close
- Zales
In the last quarter alone 118 stores have closed and 191 in the fiscal year 2009,which 160 of which were stores and the remaining 31 were kiosks.
- Blockbuster Video
Blockbuster has announced that they may close up to 20% of the stores before 2011, which is in between 810 and 960 stores.
- Smith and Hawken
All of its stores are being closed down.
- Crabtree & Evelyn
The company has filed for bankruptcy and has announced that they will be closing stores in the near future.
- Big 10 Tires
They have filed for bankruptcy and they have requested release from their leases on 32 stores.
- Bank of America
The number of branches will decrease by 10%.
- Citigroup
The number of outlets will decrease and will be limited to the largest metropolitan areas in the U.S.
- PacSun
40 of its 916 stores are going to close.
- Bulgari
Stores have already closed in Colorado, Florida, and New York, including its Madison Avenue store.
- World Market
Parent company Cost Plus has decided to close 26 of the World Market stores and leave 8 markets.
- Oneida
20 outlet stores in North America are closing.
- S&K Famous Brands
The company filed Chapter 11 bankruptcy and have begun to liquidate the merchandise in 30 stores and will close them in the coming reorganization.
- Famous Footwear
30 of 35 stores are closing in 2009.
- Filene’s Basement
The company has filed for Chapter 11 bankruptcy and all stores will close.
- New York and Company
310 management jobs are being eliminated and 50 stores will close over the next 5 years.
- Chico’s
Up to 25 stores will close.
- Snyder’s Drug Stores
19 of the 47 stores will close.
- Better Bedding
The company has filed for Chapter 11 bankruptcy and 11 of the 21 stores will close.
- Gottschalks
They have filed for Chapter 11 bankruptcy and its 58 department stores will be liquidated.

Author: Aurelia Masterson
for more information visit : www.articlesbase.com/authors/aurelia-masterson/163578.htm

Tag References: Gottschalks