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Aeropostale will double the number of store closings this year; other stores also show poor Q3

submitted on August 28, 2013 by HouTex in "Stores / Merchants"
A poor performance forecast for the third quarter of 2013 led Aeropostale officials to announce that they will be closing 30 to 40 stores this year, instead of following an earlier plan to close 15 to 20.

http://www.reuters.com/article.....3D20130822
http://www.mrketplace.com/5577.....y-q3-loss/


Q3 losses doubled for Sears Holding Corp. as well, even though the Kmart component is holding up. Sears stores are doing poorly against competitors Lowe's and Home Depot.

http://www.memphisdailynews.co.....x?id=54334


Downsizing the size and number of physical retail stores will be a trend that continues throughout 2013 and beyond.
This article includes a list of all store closing this year - http://retailindustry.about.co.....orming.htm

See list of new stores opening here - http://retailindustry.about.co.....ansion.htm
     

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  • 181441
    2kidsnuts
    professor
    10 8 2
    Posted by 2kidsnuts on August 28, 2013
    [reply] 1 0
    Hope they don't close the stores in our area. I don't know what my daughter would do!

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