Check Emails for Accuracy!

Friday, November 28, 2008

Check Emails for Accuracy!

There has been an email going around that seems to add a lot of misinformation about business chains that are either closing or cutting back. They are telling you that "if you have any "gift cards" from these
stores, make sure you use them, or you will lose them!" Snopes.com (a site where you can get the real scoop) has put out the following corrections to that email:

According to Snopes.com and what they could determine according to various news accounts published in 08, the chains named below are planning or have made the following cutbacks:

Ann Taylor and Loft, closing 117 stores of 966 during restructuring
Bombay Co, filed Chap 11 all 384 stores closing
Cache chain closed 14 under performing outlets but still opening new locations.
Charming Shoppes chain has closed 150 of 2,360 outlets
Circuit City chain filed Chap 11 closing 155 stores
CompUSA chain restructuring, most 103 stores closed
Dillards chain to close 21 and perhaps more in 09.
Disney chain 98 of 335 closed
Eddie Bauer chain closed 29 of 376 and opened 20 new
Ethan Allen chain closed 12 design centers and 2 svs centers
Foot Locker chain closed 274 outlets out of 3,700 in 07 and 60 more in 08 w/more closures likely
Whitehall Jewelers who acquired Friedman's and Crescent filed Chap 11 and began closing 373 stores
Gap chain closed 17 while opening 37 ending with 3,190 outlets. Co expects to close 115 and opening 100 during 08 fiscal yr.
Movie Gallery/Hollywood Video filed Chap 11 in 07, in 08 closed 400 and will shut down another 160.
Home Depot chain will close 15 under performing outlets
Kirklands chain expecting to close 130 of 335 outlets.
Levitz Furniture chain filed Chap 11 and closing stores.
Macy's chain closed 11 of 850 in 08.
Pep Boys chain closed 31 of 600 that were under performing.
Sharper image chain filed Chap 11 will close 184 outlets
Sprint will close 125 of 1,400 outlets.
Talbots Inc closed some and still has 283 operating
Wickes Furniture began liquidating as part of bankruptcy.
Wilsons Leather still operates 119 locations
Zales closed 105 of 2,130 in 08, half kiosks and half stores. Has opened 100 new outlets in 08.

This list was updated by Snopes 24 Nov 08