This Here Economy Sucks

Taken from The Budget Fashionista

The Budget Fashionista’s Weekly Retail Closing Report

January 23, 2009 07:00 PM

Retailers have taken a lot of hard hits lately, and while some are getting back on their feet after the holiday slump, others are, well, giving up.

The Phillips-Van Heusen Corporation, owner of DKNY, Calvin Klein, and other clothing brands, will close 175 stores; this is a big blow to the outlet malls of the country. But Van Heusen isn’t alone. Here’s a wrap-up of the latest store closures… hint: there’s a liquidation sale coming to a store near you.

Steve & Barry’s (where will Sarah Jessica Parker’s “fashion you can afford to love” line, BITTEN, go?)
Cub Libby Lu (Saks is letting go of this retailer, aimed at fashion-savvy young girls, so parents have lots of great deals to pounce on)

Others retailers closing stores…
Mervyn’s
Filene’s Basement
Ann Taylor (117 stores)
Gap Inc (85)
Foot Locker (140)
Dillard’s (26)
Sigrid Olsen (54)
Pacific Sunwear (153 demo stores)
Macy’s (11)
Fashion Bug (150)
Cache (23)

JC Penney may be scaling back soon, too.

Jai From The Fat and Skinny

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