Sunday, January 18, 2009

Two More Retail Casualties and Two More Possibile Deaths...

This past week, Circuit City announced it's liquidating its entire chain of 567 stores...




And Goody's Family Clothing is shuttering all of its 380 stores...




Now the Fresno-based Gottschalk's depeartment store chain has filed for Chapter 11 Bankruptcy, vowing to remain open while it finds a suitable buyer for the belagered chain...




And the Bon-Ton chain, which includes the Carson-Pirie-Scott and Elder-Beerman chains, are on the verge of a possible Chapter 11 filing as well.





And meanwhile, chains like Macy's, Dillard's, and the like are amputating off their deadwood by closing down "underperforming" stores.

When you have a slew of vacant anchor store spaces in your malls, you know these dead malls are fast becoming the analogs of ghost towns, just like it did with the likes of Dixie Square, Woodmar, Cinderella City, Lakehurst, and other half-forgotten malls.

Welcome to the world of survival.

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