11/22/09 Stockholm, Sweden – The holiday shopping season should be right around the corner. But this year, the nearby store that you’re used to visiting may very well be closed. Many big retail chains are going the way of the downsized (and often unemployed) American consumer…they are shutting down.
To offer you a better sense of which retailers are getting hit the hardest we’ve provided a list of the 29 retail chains with the most closed stores in 2009. Some are no surprise at all (ahem…GM, Chrysler, Circuit City…), yet others you may find more shocking. See the short list below.
1. 2,639 – General Motors
2. 960 – Blockbuster
3. 789 – Chrysler
4. 567 – Circuit City
5. 461 – KB Toys
6. 450 – Movie Gallery (Incl. Hollywood Video)
7. 365 – Ritz Camera
8. 273 – Starbucks
9. 287 – Goody’s
10. 265 – Jones Apparel Group
11. 240 – Waldenbooks
12. 191 – Zale Corporation
13. 175 – Van Heusen
14. 163 – Ann Taylor
15. 161 – InkStop
16. 160 – Family Dollar
17. 150 – Popeye’s (AFC Enterprises)
18. 135 – S&K Famous Brands Inc.
19. 130 – Advance America
20. 129 – Boater’s World
21. 125 – F.Y.E.
22. 121 – Eddie Bauer
23. 118 – Office Depot
24. 117 – Rite Aid
25. 104 – Finlay Enterprises
26. 102 – Payless Shoes
27. 100 – Albertsons
28. 100 – Charming Shoppes
29. 100 – Gap, Inc.
For the complete listing of over 150 chain stores that have closed in 2009 visit The Wall St Cheat Sheet’s coverage of retailers going out of business.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
The Daily Reckoning is your premier source for making sense of the news Washington and Wall Street generate. Each business day, The Daily Reckoning calls on its stable of world-class writers and thinkers to show you how to get ahead.
Start your 100% FREE subscription to The Daily Reckoning today and you’ll get a free research report, “How to Survive the Fall of Social Security.” Simply enter your email address below to get your free report and join over 495,000 worldwide Daily Reckoning subscribers!
We Respect Your Privacy and We will
Never Share or Sell Your Email Address
