Saturday, February 2, 2013

Why are there so many retail stores closing for the year 2013?

Best Buy

> Forecast store closings: 200 to 250
> Number of U. S. stores:1, 056
> One-year stock performance: -36.8%

Sears

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

J.C. Penney

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

Office Depot

> Forecast store closings: 125 to 150
> Number of U. S. stores: 1, 114
> One-year stock performance: 50.7%

Barnes & Noble

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

Gamestop

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

OfficeMax

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

RadioShack

> Forecast store closings: 450 to 550
> Number of U. S. stores: 4, 412
> One-year stock performance: -68.1%
>>> Why are there so many retail stores closing for the year 2013?