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Eight Retailers That Will Close the Most Stores

Image of Eight Retailers That Will Close the Most Stores

It is the time of year again, when America’s largest retailers release those critical holiday season figures and disclose their annual sales. A review of these numbers tells us a great deal about how most of the companies will do in the upcoming year. And while successful retailers in 2012 may add stores this year, those that have performed very poorly may have to cut locations during 2013 to improve margins or reverse losses.

For many retailers, the sales situation is so bad that it is not a question of whether they will cut stores, but when and how many. Most recently, Barnes & Noble Inc. (BKS) decided it had too many stores to maintain profits. Its CEO recently said he plans to close as many as a third of the company’s locations.


 

1 comment

Written by SeanC, 2109 days ago.
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That's just life, if you don't change then you'll get left behind. I knew it just be a matter of time that Radio Shack will close down. I believe its the guys higher up, the board and the CEO, who are probably some dudes close to retire age that are still stuck in their old ways. And how a company like Radio Shack doesn't just capitalize online when you have newcomers like newegg.com dominating the market with billions in sales?