Friday, January 23, 2015

Decelerating News

Bottom Dollar Food will close its 66 store locations in the greater Philadelphia and greater Pittsburgh markets by Jan. 15 and retire the name. In November 2014, Delhaize Group, the parent company of Bottom Dollar Food, announced that it had entered into a transaction to sell Bottom Dollar to Aldi Inc., and that the transaction would close in first quarter 2015...Apparel and home goods chain C. Wonder is shuttering its remaining stores. The company had quietly closed a number of its 21 stores in November. It is now closing its remaining 11 locations. C. Wonder attracted interest when it opened its first store, in the SoHo section of Manhattan, in 2011...Wet Seal has filed for Chapter 11 bankruptcy, after the struggling teen retailer said it is closing 338 of its stores, leaving it with approximately 173 stores nationwide....J.C. Penney plans to close approximately 40 stores, less than 4% of its total store base, on or about April 4, 2015. The closures will effect about 2,250 employees...Body Central is going out of business and will close all its stores this month. As of Jan. 6, the company had 265 stores in 28 states...Gordon Brothers Group and Hilco Merchant Resources will begin going-out-of-business sales at all 287 Deb Shops locations nationwide.  Store locations will remain open until all merchandise has been sold. Store furniture, fixtures, and equipment will also be for sale. Deb Shops gift cards will be honored through March 8...Target is ceasing all operations in Canada and closing all 133 Canadian stores. Stores will remain open during liquidation.

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