Thursday, January 19, 2012

Industry News: Decelerating

Sears Holdings Corp. will close 100 to 120 stores, about 3% of its 3,560 US stores.To date Sears has announced 79 of the closings: 41 Sears and 38 KMarts...A&P has filed a motion with the US Bankruptcy Court seeking to close an additional 14 stores in NY, NJ, CT, and PA. A&P has sold or closed about 60 locations during the past year...Delhaize Group will close 113 Food Lion, seven Bloom and six Bottom Dollar Food locations in the US. The remaining 42 Bloom shops as well as 22 Bottom Dollar Food stores will be turned into Food Lion outlets. Delhaize ended 2011 with 3,408 stores.

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