Fri, 2009-02-06 16:43
Two more retailers have opted for Chapter 11.
The New York Post reports on Fortunoff's decision while our sister publication Supermarket News provides the update on regional grocer Bruno's. Fortunoff seems like a possible liquidation candidate. Bruno's, however, does not appear to have immediate plans to close stores.
The announcements so far:
Bankruptcies and Liquidations:
Jan. 7, Goody's liquidates, closing 287 stores Jan. 8, Against All Odds files for bankruptcy protection, operates 64 stores overall, plans to close West Coast stores Jan. 13, Shane Co. files for bankruptcy, operates 23 stores Jan. 14, Gottschalks files for bankruptcy, operates 58 stores Jan. 16, Circuit City to Liquidate, closing 567 stores Feb. 6, Fortunoff, operates 20 stores Feb. 6, Bruno's, operates 66 stores
Potential Bankruptcies & Liquidation Impact: 1,085 stores
Jan. 8, New York & Co., 50 stores Jan. 8, Macy's, 11 stores Jan. 9, Supervalu, 50 stores Jan. 13, Cost Plus, 26 stores Jan. 20, Yankee Candle, 28 Illuminations stores Jan. 21, Filene's Basement, 11 stores Jan. 22, Phillips-Van Heusen, 175 stores Jan 22, Brown Shoe, up to 35 Famous Footwear stores Jan. 26, Home Depot, 48 stores Jan. 29, Starbucks, 200 U.S. Stores (plus 100 ) international Jan. 29, Chico's, up to 25 stores
Total Closings: up to 659 U.S. stores
Potential Impact of All Announcements to Date: up to 1,744 U.S. stores