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Get Ready for Mass Retail Closings

Posted Feb 19, 2009 11:58am EST by Tech Ticker in Investing, Products and Trends, Recession

About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it's clear there's too much retail space. Just visit Web site deadmalls.com and track retail's growing body count. And luxury retailers? They're on "life support," Davidowitz says. 

Among the brandname stores Davidowitz says are in trouble:

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

Plus, earlier we discussed:

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718 Comments

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:05PM EST

Less is more!

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:08PM EST

If you rearrange the letters in Retail Closings you can spell Soiling Cartels.. ha ha

- Thursday February 19, 2009 12:09PM EST

Goody's already closed in my town. Got some great deals though: everything I got was 60% to 70% off. Once greenhouses and guns to go on sale, I'll be set for the rest of the depression. Thanks Bush! Thanks Obama! Way to screw the pooch!

- Thursday February 19, 2009 12:13PM EST

we all know its bad...we can all see and feel it....thanks in part to those who bought bigger more expensive houses then they ahould have...you make 45k a year and your house payment is 37k a year? come on now...so lets quit talking about it...i think that will be a be help on changing it ...im not saying lets paint a rosy picture...just quit talking about all the negative things...and lets see what happens...WHOS WITH ME?

- Thursday February 19, 2009 12:14PM EST

There is beauty in "simplicity"

- Thursday February 19, 2009 12:14PM EST

The world doesn't need luxury retail stores as much as it needs basic goods and services. Americans don't need to be encouraged to purchase non-essential items.

- Thursday February 19, 2009 12:14PM EST

Go UMass Basketball!!!

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:15PM EST

bye bye stores...maybe now NJ traffic will ease down to only 3 hour delays.

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:15PM EST

see ya

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:16PM EST

I'll miss shopping at Tiffany's...

- Thursday February 19, 2009 12:16PM EST

I'm almost looking forward to this. Maybe my wife will finally stop buying all that crap we don't need.

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:16PM EST

I bet rightwingers are still convinced that the ultimate culture of greed - their interpretation of "free market" - is a progressive economic model... what a dumb bunch!

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:17PM EST

LOL... Ebay is gonna light up like a christmas tree this year... If there is something you think you need now, wait until about mid year when Ebay has it for 90% off of retail price...

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:17PM EST

Oh Well!

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:17PM EST

I'm not buyin nothin cept food & water....and whiskey.

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:18PM EST

I bet rightwingers are still convinced that the ultimate culture of greed - their interpretation of "free market" - is a progressive economic model... what a dumb bunch!

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:19PM EST

The timing is really bad.... When we have lemons, make lemonade~~

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:19PM EST

I'm going to buy GE at $5.00.

- Thursday February 19, 2009 12:19PM EST

New York area is an exception - you can't even find a parking spot at the big Palisades Mall in Rockland County and the Riverside and Garden State Plaza malls in Paramus, NJ, and Macys and ToysRus are so busy there are taffic jams in the aisles. You wait 2 hours for a seat at Cheesecake Factory and Houstons and the other chain restaurants. I think people are spending their last money before they get laid off and the Great Depression Version 2.0 sets in.

Yahoo! Finance User
Yahoo! Finance User - Thursday February 19, 2009 12:19PM EST

Great Deliveraging due to credit bubble that is now busted. Where is the next bailout? Bank, Auto, Housing and now Malls?

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