That Mall is sick and that Store is dead!

November 5, 2016

Chesapeake Square mall once was hailed as an economic savior. What happened? | Consumer & Retail | pilotonline.com

Filed under: Macys,other malls — Anita @ 7:20 pm

57cb3f94cbac8-imageOnce hailed as the Western Branch borough’s economic savior, the mall has become one of its biggest concerns. What happened? A $73 million “commercial mortgage-backed security” loan, taken out during

Source: Chesapeake Square mall once was hailed as an economic savior. What happened? | Consumer & Retail | pilotonline.com
(more…)

November 26, 2009

Black Friday ads from the past

Filed under: caldor,dead chains,Macys,Target — Anita @ 12:16 pm

Target 2 day sale, 2007.


Shoe Carnival, 2009


Montgomery ward, 1982


Gottschalks, 2008? 2009?


Bradlees, 1995


Verizon Wireless (montage), 2008.


Target, 2009 (I’m jeals of the gingerbread Target)


Wonderland Music, 1989


Macys, 1978 (its the 4th commercial–could the Texas Instruments watch commercial be the longest commercial for a watch ever? Also notice the Child World commercial)


Thanksgiving night commercials, 1989. Obligatory, “WE’LL DO IT LIVE!!” comment that one has to make when seeing Billo on Inside Edition. &ROADHOUSE


Thanksgiving Night, 1986


Zayre, 1978


Zayre, 1984


Caldor, 1995

January 8, 2009

“Macy’s will shutter 11 stores in 9 states” (Yahoo!)

Filed under: deadmalls.com,Macys — Anita @ 12:45 pm

Photobucket

NEW YORK – Department-store operator Macy’s Inc. said Thursday it will close 11 underperforming stores in nine states — affecting 960 employees — and lowered its forecast for the fourth quarter after one of the weakest holiday seasons in years.

Stores slated to close include locations in Los Angeles, West Palm Beach, Fla., Nashville, Tenn., and St. Louis, among others. Cincinnati-based Macy’s Inc. says the closures will cost about $65 million, most of which will be booked in the 2008 fourth quarter.

Clearance sales at the stores begin next week.

“These closings are part of our normal-course process to prune underperforming locations each year in order to maintain a healthy portfolio of stores,” said Macy’s Chief Executive Terry J. Lundgren in a statement.

Employees at the stores that are closing may be considered for open positions at other Macy’s stores, the company said.

Department-store operators have been among the harder-hit in the retail sector as consumers cut back amid the recession, hunting for bargains and trading down to discounters.

Macy’s reported Thursday that its December sales at stores open at least a year, or same-store sales, fell 4 percent — still not as bad as the 5.3 percent drop analysts surveyed by Thomson Reuters were expecting.

Total sales for the five-week period ended Jan. 3 fell 5 percent to $4.4 billion from $4.61 billion last year.

Same-store sales fell 7.5 percent during the combined November and December holiday period. Macy’s said the holiday season ended with improving sales in the fourth and fifth weeks of December but that sales were sluggish before that.

The company said it marked items down sharply in the fourth quarter to gain sales and reduce its inventories, but that hurt its margins and led it to lower its profit forecast for the fourth quarter and full year.

Macy’s now expects earnings of 90 cents to $1 per share in the fourth quarter, down from its previous guidance of $1.10 to $1.30 per share. Analysts expect earnings of $1.11 per share.

For the full year, the company now expects to earn $1.10 to $1.20 per share, down from its previous forecast of $1.30 to $1.50 per share. Analysts expect a profit of $1.35 per share.

=====

here is the release on the closing stores I notice some of our friends over at deadmalls.com on the list such as Randall Park, Crossroads Mall in Oklahoma, and Rolling Acres Mall.

I’m really surprised the one at where Coliseum Mall used to be in Hampton, VA didn’t shut down.

Blog at WordPress.com.