2008 was one of the worst years on record for retailers. The following list was assembled from Forbes, ICSC, Dollars & Centers, and Shopnet. All of these retailers have begun closures with some completing liquidating as noted. The list reads like the store directory at pretty much any mall in the United States!
Mervyns - all stores
Linens & Things - all stores
Circuit City - all stores
Ann Taylor
Movie Gallery - all stores
Ethan Allen
Dell
Friedmands
Sears
Pier 1
Sigird Olsen
Talbots
J Jill
Home Depot
Footlocker
Champs Sports
Bombay
Disney
Macy's
JcPenny - scaled back expansion, possible closures
Lowes
Sharper Image - all stores
Wilson Leather
Cache
KB Toys
Dillards
CompUSA
Steve & Barrys - all stores
Office Deport - significant closures
Rite Aid - significant closures
Saks
Fashion Bug
Catherine's
Lane Bryant
Gap - significant closures
Old Navy
Starbucks - scaled back plans
Eddie Bauer
Ann Taylor
Zales
Pep Boys
Sprint Nextel
Pacific Sunwear
Timberland
And those are the ones that I have heard about, then confirmed via at least two sources. Pretty frightening times in the retail segment of the commercial marketplace. It will be interesting to see who and what type of uses fill the voids, especially if/when larger players in the market leave. About ten years ago we went through a contraction and witnessed the closure of many movie theaters. Those closures sparked opportunity and I specifically remember some of the interesting reuses we saw for those theaters.
Chris Schreiber, CCIM
Century 21 Commercial, RiverStone
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