Friday, April 29, 2011

News: Decelerating

Talbots Inc. expects to close as many as 100 stores over the next two years. The retailer expects to renovate 70 stores in fiscal 2011, close 90-100 stores, and consolidate or downsize 15-20 stores over two years. It had 568 stores at the end of January...Charming Shoppes will close 240 unprofitable stores in 2011; more than half will be Fashion Bug stores. The locations were not disclosed. All 30 of its Catherines Plus Sizes stores will be shuttered over a two-year period. The company operates 2,064 stores in 48 states... Blockbuster Inc. said in court filings that it will start closing 186 more stores, bringing the number of its US locations closed or slated for closure to 1,145, or more than a third of its total...Sbarro Inc. has filed for Chapter 11 bankruptcy protection. The chain has closed 150 restaurants in the past two years.

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