About 220,000 stores may close this year in America

[seemslikeadream]

http://finance.yahoo.com/tech-ticker/article/yftt_187534/Get-Ready-for-Mass-Retail-Closings?tickers=sks,^gspc,jwn,tif,zlc,jcp



About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it's clear there's too much retail space. Just visit Web site deadmalls.com and track retail's growing body count. And luxury retailers? They're on "life support," Davidowitz says.

Among the brandname stores Davidowitz says are in trouble:

Nordstrom
Neiman Marcus
Tiffany
Jeweler Zale Corp.
Saks
J.C. Penney
Sears

[Donnachaidh]

1. Sears has been circling the drain for years

And while I might miss Penney's, the other ones are dinosaurs from the *credit* age. Overpriced and over-hyped. :shrug:

[renate]

2. I shop at Nordstrom about once every 5 or 6 years, but...

... I'm sorry to see that they're on this list, because their customer service is absolutely phenomenal.

[abluelady]

3. I Always Shop Their Sales

and mainly because of their customer service. I would rather pay a bit more and not have to pick up clothes from the floor and search to find a cashier to pay. That is typical for most of the store in my town nowadays.

[seemslikeadream]

4. picking stuff up from the floor

typical day of shopping at the Salvation Army store for me

[AlCzervik]

5. Nordstrom's Rack and Saks off 5th are 2 of my favorite stores.

i really hope they can stay in business.

[Ron Green]

6. So all you Wal*Mart shoppers can rest easy. Your cause celebre

(the store that makes it possible for poor people to survive) will take up the slack.

[leftchick]

7. they are still building retail space in my city

just opened up many new high end stores. Should be building urban gardens for food. :(

[Mari333]

8. sustainability vs. expansion.

the world is correcting itself.