This article lists over 1000 retail outlets being closed by the likes of Dell, Disney, Footlocker, Gap and Starbucks, to name a few.
Is this large enough to have an impact on the viability of suburban malls? Is this a precursor to the Peak Oil / Death of Suburbia scenario?
Is this large enough to have an impact on the viability of suburban malls? Is this a precursor to the Peak Oil / Death of Suburbia scenario?
http://dealnews.com/features/Retail...losings-Every-Shopper-Should-Know/240445.htmlSome Selected Examples said:Dell, Inc. announced it will discontinue its retail outlets and close 140 kiosks nationwide.
Disney has announced plans to shut down 98 of its Disney Store locations.
Foot Locker, Inc. plans to close approximately 140 stores in 2008.
Gap, Inc. expects to close 85 store locations this year, many of which are weighted toward the Gap brand.
Sprint Nextel is looking to board up as many as 125 of its nationwide retail stores.
Starbucks Corp. will shutter 600 nationwide coffee houses this year. In addition, it will open fewer than 200 stores in 2009.