Ten Store Chains Closing More Stores or Going Out of Business
All of these have to do with the current economic situation; the closings are also exacerbated by companies becoming overextended and merging with other companies, by debt, and by changing industry standards and consumer tastes.
Saks Fifth Avenue
Abercrombie & Fitch
A&P (supermarkets under the names of Pathmark, A&P, Waldbaum’s, The Food Emporium, Super Fresh, and Food Basics)
Charming Shoppes (parent for Lane Bryant and Fashion Bug)
Add them to merchants like Ritz Camera, WaldenBooks/Borders, Movie Gallery/Game Crazy/Hollywood Video, Zales, Jones Apparel Group, Starbucks (even more), and KB Toys, if they haven’t yet bitten the dust.
Get ready for some serious sales, and for some people to drive farther for their food stuffs. I hope it won’t be too many miles for people of color who need access to these big box supermarkets for quality and variety of food. Before I left New York, Pathmark had opened a supermarket in Harlem, the first big grocery store in several decades in the area. Another one was either being proposed or was already being built in another section of Harlem. It was certainly ten times better than being at the mercy of bodegas or small corner grocery stores. I hope that they don’t close in these still-minority neighborhoods; they’re needed there.