Wednesday, February 20, 2013

Is it a good economic sign that major retailers are closing hundreds of stores in 2013?

Http://www.dailyfinance.com/2013/01/30/retailers-most-store-closures-2013/

1. Best Buy

Forecast store closings: 200 to 250
Number of U. S. stores:1, 056

2. Sears Holding

Forecast store closings: Kmart 175 to 225, Sears 100 to 125
Number of U. S. stores: 2, 118
One-year stock performance: 8.8%

3. J. C. Penney

Forecast store closings: 300 to 350
Number of U. S. stores: 1, 100
One-year stock performance: -53.6%

5. Barnes & Noble

Forecast store closings: 190 to 240, per company comments
Number of U. S. stores: 689
One-year stock performance: 8.95%

6. Gamestop

Forecast store closings: 500 to 600
Number of U. S. stores: 4, 471
One-year stock performance: -2.2%

7. OfficeMax

Forecast store closings: 150 to 175
Number of U. S. stores: 872
One-year stock performance: 80.8%

8. RadioShack

Forecast store closings: 450 to 550
Number of U. S. stores: 4, 412
One-year stock performance: -68.1%

One-year stock performance: -36.8%
>>> Is it a good economic sign that major retailers are closing hundreds of stores in 2013?