I just found out that the Borders Bookstore in my neighborhood is going out of business. It kinda sucks because it is the only bookstore within a very close distance and I thoroughly enjoy spending time in there looking for new books to pick up. Of course, this is after the Circuit City left a vacant building here too and the shoe store has a “Going out of Business” sign on its front door, so it’s really not all that surprising. But it got me thinking about what kind of situation a store must be in to actually close it’s doors, which in turn led me to an article online about who was closing stores in 2010. Wow, what an eye-opener…
Borders Books – closing an estimated 200 stores during the three months ending January 31.
Blockbuster – could be closing another 600+ stores this year in addition to the 300 they closed in 2009.
Jones Apparel Group – will be closing 196 stores in 2010.
Starbucks – interested in closing 250 stores this year in addition to the 566 last year. (Then again, this isn’t a bad thing – we don’t need a Starbucks on every single corner in America)
The list also has information on previous closings and their outlook for the future, which was pretty interesting. Seems stores have to be in really good shape, both financially and by location, in order to survive this economy. What are you seeing in your area? Are stores doing just fine, or are they starting to be hit hard?