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  • List of Major Retail Chains in Trouble

    26 posts, 14 voices, 6908 views, started Feb 19, 2009

    Posted on Thursday, February 19, 2009

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    • inactive
      Diamond
      Offline

      The follow is a list of chains in big trouble and may have to close! (taken from yahoo! finance)

      Nordstrom
      Neiman Marcus
      Tiffany
      Jeweler Zale Corp.
      Saks
      J.C. Penney
      Sears



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        • 0 votes vote up vote up

          Cindylouwho1966 wrote Feb 19, 2009
        • I like Nordstrom, but am not a frequent shopper since there is not one close.

          I will be very bummed about Penney’s, that is my go-to when I need something quick!



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          Almostfive0 wrote Feb 19, 2009
        • Wow!! Those are giants!



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          Cheryl Guy wrote Feb 19, 2009
        • I can’t survive with J.C. Penney! I get so much there for my boys.



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          (華娃娃) ChinaDoll wrote Feb 19, 2009
        • Sad and buying opportunity and seeking great discount for me:

          Nordstrom
          Neiman Marcus
          Tiffany
          J.C. Penney
          Sears

          Praying for all the workers.



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          Cindylouwho1966 wrote Feb 19, 2009
        • Yes, i am single-handedly keeping Michaels in biz.



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          Denise Richardson wrote Feb 19, 2009
        • Dang I love sears for my grandbaby. Hey Cindy if you need something like home products that you otherwise get from Penney's check out Homegoods.com  if you haven't before not sure if there is a location near you but I love this place.



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          Mary Clark wrote Feb 19, 2009
        • I love Homegoods.  I shop at the one at Hilton Head Island when I go.  We don’t have one around here but I love that store.  

          It’s really sad to see these old stores closing...Sears...wow....think about all the products they make. Think about all the products they installed in all of those homes on Extreme Home Makeover!!!  

          J.C.Penny’s...been around a long time.  I never really shopped there much but I have friends that do.  They will be sick about it.

          Neiman Marcus...now let’s face it...their prices are out of the roof.  Beautiful stuff...but people just cannot pay those prices anymore.  What makes a shirt from their store more expensive than another?  I know sometimes quality is evident..but sometimes..you can’t tell.  

          It’s all very sad...



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          Jenni0811 wrote Feb 19, 2009
        • Very scary indeed.....   makes one wonder when we will see the bottom of this sinkhole.



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          Vikki Hall wrote Feb 19, 2009
        • OMG!!! What would my husband do without Sears and their tool dept? That would cause a major sadness for him. PLEASE!!!!! Go shop at Sears to save my husband!!!!

          Ok seriously now that is sad since I do shop at Sears, Penneys,Zales and Nordy’s....

          The others are toooooo rich for me  :(



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          Vikki Hall wrote Feb 19, 2009
        • LOL! Thats funny.... So I wonder how Sears would have done if they had not taken over K-Mart? or did the route of the Great Indoors?



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          UK Girl wrote Feb 19, 2009
        • I’m hearing on my retail inteeligence Saks will file for Chapter 11 in around 10 days or soon unless they can underpin their borrowing - their structure is very highly leveaged so one will but their dbt at the moment on the open market ..

          The others I’m not hearing about .. just lack of sales



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          Vikki Hall wrote Feb 19, 2009
        • The men probably kept Sears in the black but with all their other ventures put them in the deep red

          So sad.....



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          UK Girl wrote Feb 19, 2009
        • In the UK we have lost Woolies aka Woolworths a good old variety store which had lost purpose but propped up by cheap money and was in big debt – the banks pulled the plug – we have also lost a big furniture retailer (the home ware / furniture market has been decimated) not due to their debt – they had none but couldn't borrow to just survive and trim down.
          We also had a huge swath of business bought by Icelandic investment on cheap money – your subprime market has affected the cheap money and now Iceland is effectively bankrupt since the 10th October and no money can leave the country all the banks have been effectively nationalised and they are calling in the debt – so all the UK High Street at the moment is trying to refinance and is also holding fire sales – so retail businesses are worthless – plus Saks  had investment in the form of a stake bought with Icelandic money – the holding company is bust and the Landski bank want their equity released hence the Chapter 11 ....



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          Cynthia Schmidt wrote Feb 19, 2009
        • You‘re right Annie. High end or middle of the road, consumers are being so cautious with their spending. I know that we‘re not spending much these days on things we don’t need. I don’t like the stimulus/spending package and I’m not convinced that jobs will be created and money will flow anywhere than throughout the government’s special interests. So, we‘re taking care of our own, so to speak.



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          Cindylouwho1966 wrote Feb 19, 2009
        • Woolworth’s, aaah, those were the days! Loves Woolworth’s.



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          UK Girl wrote Feb 19, 2009
        • Cindy - the nation was up in arms ... over the pick and mix sweets .. I so miss going in and buying a bag of rubbish sweets to scoff on the weekend ....



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