22 Retailers Closing Stores

Discussion in 'Present & Current Events' started by Toroid, Aug 25, 2017.

  1. Kchoo

    Kchoo At Peace.

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    So sad.
     
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  2. August

    August Metanoia

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    Avon here is going online no more Ding Dong Avon calling ladies anymore, that's really sad.
     
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  3. Toroid

    Toroid Founding Member

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  4. SOUL-DRIFTER

    SOUL-DRIFTER Life Long Researcher

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  5. nivek

    nivek As Above So Below

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    It seems someone looted Toys r Us of millions before the company went bust...

    The hunt for Toys R Us' missing millions:

    Investigators probe a £580m loan moved to a tax haven just months before the store went bust


    Investigators are in pursuit of more than £580million that was funnelled out of Toys R Us’s UK business and into a tax haven on the British Virgin Islands.

    Accountants and hedge funds are understood to be on the trail of the cash – a loan that was handed over by the British arm of the toy retailer just months before it went bust.

    Administrator Moorfields Corporate Recovery is preparing for a full investigation of Toys R Us’s financial affairs as it begins to close all its 105 stores and make 3,000 staff jobless.


    It said the investigation will include determining why Toys R Us funnelled the £584.5million loan into an offshore subsidiary and then waived repayments.

    Although pensions officials have previously asked company chiefs about the transaction, it remains a mystery.

    Documents seen by the Mail reveal US hedge fund Blue Mountain Capital is chasing the money held in the British Virgin Islands as a way of making up for losses it suffered after the collapse of the American arm of Toys R Us.
     
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  6. nivek

    nivek As Above So Below

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    Bed Bath and Beyond is crashing...

    Bed Bath & Beyond is in serious trouble


    The struggling retailer issued a lousy outlook last week, sending the stock to a nearly 10-year low.

    Credit ratings agency Standard & Poor's cut its rating on Bed Bath & Beyond (BBBY)late Tuesday to a BBB- level, the lowest that S&P still considers investment grade.

    S&P warned that it could soon downgrade Bed Bath & Beyond's bonds to junk, if "the company cannot stabilize operating performance in the face of continued intense competition from online retailers."
     
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  7. August

    August Metanoia

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  8. Toroid

    Toroid Founding Member

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    Over 3,800 stores scheduled to close this year.
    Retail Collapse: Here Are 2018's 57 Biggest Store Closings
     
  9. The shadow

    The shadow The shadow knows!

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    west towne mall Madison WI
    toys r us closed
    children's place closed
    apricot lane closed
    Apple store closed
    Boston store Aug 29th
    sears Sept 22nd
     
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  10. Standingstones

    Standingstones Celestial

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    You have to believe that it was short sighted vision that many of these big department stores are closing. An HH Gregg store opened two years ago in my area only to close this Spring. Our Barnes and Noble store is limping along. It is barely a bookstore these days. About 1/3 of the store is now dedicated to children’s toys. Good luck with that. Toy’ R Us and Baby’s R Us are totally closed now.

    Most of these entities were late to the internet game and Amazon now is eating their lunch.
     
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  11. nivek

    nivek As Above So Below

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    Many of the older stores like JC Penny simply had too many stores everywhere, kind of like walmart bit walmart sells groceries which I think is what helped them...

    ...
     
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  12. The shadow

    The shadow The shadow knows!

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    20180811_124317.jpg 20180811_125041.jpg
     
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  13. The shadow

    The shadow The shadow knows!

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    20180827_135733.jpg 20180828_125753.jpg 20180828_125750.jpg
    End of the line.
    inside Boston store west town mall on the last day of business
     
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  14. Standingstones

    Standingstones Celestial

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    What is sort of bad is now you have these monstrosity buildings littering the landscape. Unless they sub-divide these places they will stand there abandoned or wait to be torn down.
     
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  15. The shadow

    The shadow The shadow knows!

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    Today sears at west town mall closes. when it goes there will 3 sears stores in WI. I also learned the last radio shack in Wisconsin closed. when I mentioned it to Rikki she was like "so when was the last time you were in one?"
    My daughter Kate asked "what's Radio shack? "
    and so it goes..
     
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  16. The shadow

    The shadow The shadow knows!

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    20180909_130749.jpg
    the sad end. sears at west town mall has closed.
     
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  17. Toroid

    Toroid Founding Member

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  18. The shadow

    The shadow The shadow knows!

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  19. wwkirk

    wwkirk Celestial

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    What caused it to die?
     
  20. The shadow

    The shadow The shadow knows!

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    many factors.
    Sears responded to competitors by closing stores. They never upgraded.
    Lands end and K mart all were sinking ships. Kenmore a trusted brand was allowed to become a laughing stock. the brand once known for quality became a byword for failure.
    customer service was a joke.
    and why buy Jeans at sears when you can get them at Wal-Mart for about $10 less?
    and Sears ignored the internet. The Christmas wishbook could have made holiday shopping easy on line.
    crushed by other stores. Saddled in debt. Sears will try to live. but it is the end.
     
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