cwerdna
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retail death watch

Tue Jul 07, 2020 4:14 am

https://www.tivocommunity.com/community ... ch.549607/ (you need a free account there to see it) has had this going since 2017.

Discuss retailers (usually chains) closing storefronts or completely here. Chains that were on the brink before COVID-19 probably got the extra nudge/death blow if they couldn't stay open during lockdowns and/or had a huge drop in revenue.

I'll start with three:
Microsoft to permanently close all of its retail stores
Microsoft locations in NYC, London, Sydney, and Redmond will be turned into experience centers
https://www.theverge.com/2020/6/26/2129 ... ities-open

After 30 Years, Lucky Brand Files for Bankruptcy, Has Offer to Sell Company
Lucky said it plans to close 13 stores and could shutter more during the bankruptcy process
https://www.nbclosangeles.com/news/coro ... y/2390942/

LifeWay Christian is closing all its stores, including 23 in Texas
https://www.dallasnews.com/business/ret ... -in-texas/ - I had to look up the name when going thru Google Maps and its archives looking for current/former stores at a local strip mall. One of these indeed closed at a local strip mall.

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cwerdna
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Re: retail death watch

Wed Jul 08, 2020 1:23 am

Here's one that died ages ago.

Vallco in Cupertino when I came back to visit the Bay Area sometime between 1997 and 2004 was already dead. Demolition finally began in Oct 2018: https://sf.curbed.com/2018/10/12/179682 ... con-valley. I can write more about how dead it was later.

I stumbled across a playlist of a bunch of drone flyovers of demolition in various states:
https://www.youtube.com/watch?v=nwkdfMO ... dex=9&t=0s is when it was nearly gone.

https://www.youtube.com/watch?v=gbNXGiR ... y0&index=1 is the earliest video he has, from Sept 2019.

https://www.youtube.com/watch?v=5HFwooj ... y0&index=6 at about 1:52 is what I think was the former AMC movie theater. I had seen a few movies there before.

Yes, it's near the Apple UFO campus, which can be seen in some videos. The dead mall was a total waste of very valuable land. If you look at Cupertino residential real estate prices, you’ll see why. Good riddance it got torn down.

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Re: retail death watch

Wed Jul 08, 2020 6:32 am

You forgot to mention all the buffets but I guess that is not really retail.
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cwerdna
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Re: retail death watch

Wed Jul 08, 2020 10:36 am

^^^
That's true. Actually, IIRC, on that TiVoCommunity thread, restaurants tend to get included. They do occupy retail space...

On that note, here's and old one of those:

Beloved Buffet Chain Souplantation Permanently Closes
https://sandiego.eater.com/2020/5/7/212 ... restaurant
Headquartered in San Diego County, where the first Souplantation opened in 1978, the all-you-can-eat chain now numbers nearly 100 outposts across the country. Run by parent company Garden Fresh Corp, the buffet restaurants are known as Sweet Tomatoes outside of Southern California
I'd always receive coupons for Sweet Tomatoes via snail mail but I never set foot in either of these locations. I guess I never will.

Storied apparel brand Brooks Brothers files for bankruptcy as it seeks a buyer and closes dozens of stores
https://www.cnbc.com/2020/07/08/brooks- ... tores.html

Back to Cupertino, the bottom of https://www.trulia.com/CA/Cupertino/ (they used to put these stats near the top, I think).
Affordability of Living in Cupertino, CA
The median sales price is $2,059,000
Homes are typically worth $2,932/sqft
That said, after browsing some listings, the $ per square foot seems way off. Seems more like $1000 per square foot.

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cwerdna
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Re: retail death watch

Thu Jul 23, 2020 3:48 pm

Ann Taylor parent Ascena files for Chapter 11 bankruptcy
https://www.cnbc.com/2020/07/23/ann-tay ... uptcy.html
Ascena also said it plans to permanently close a “significant” number of Justice stores, along with certain Ann Taylor, Loft, Lane Bryant and Lou & Grey stores during its restructuring.
It added that it will be permanently closing all of its stores, across brands, in Canada, Puerto Rico and Mexico.

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cwerdna
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Re: retail death watch

Sat Aug 01, 2020 2:03 am

Dunkin' is closing 800 US locations
https://www.cnn.com/2020/07/30/business ... index.html

California Pizza Kitchen files for bankruptcy
https://www.cnn.com/2020/07/30/business ... index.html - oh no!

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rmay635703
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Re: retail death watch

Sun Aug 02, 2020 8:37 am

What’s strange in my area is that the towns are immediately razing bankrupt businesses and razing homes with back taxes.

Never can figure out what is our the local yokels heads, we have a housing shortage crisis while the towns policy to demolish has gone into overdrive.

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Re: retail death watch

Sun Aug 02, 2020 8:45 am

rmay635703 wrote:
Sun Aug 02, 2020 8:37 am
What’s strange in my area is that the towns are immediately razing bankrupt businesses and razing homes with back taxes.

Never can figure out what is our the local yokels heads, we have a housing shortage crisis while the towns policy to demolish has gone into overdrive.
Not certain how widespread this is, but sure would be nice if your profile listed the city you live in.
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cwerdna
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Re: retail death watch

Mon Aug 03, 2020 5:09 am

https://www.cnbc.com/2020/08/03/coronav ... uptcy.html
Lord & Taylor, one of America’s oldest department stores, has filed for bankruptcy, joining a growing list of stores slammed by the coronavirus pandemic.
Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Banks, filed for bankruptcy as well.

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cwerdna
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Re: retail death watch

Wed Aug 12, 2020 12:19 am

Chuck E. Cheese parent files for Chapter 11 bankruptcy
https://www.cnbc.com/2020/06/25/chuck-e ... uptcy.html

Chuck E. Cheese parent company to close 34 locations permanently: Is your location on the store closings list?
https://www.usatoday.com/story/money/20 ... 262669001/

TIL I learned that one of the locations in my city is closed but it's not in the above list. I did pass by tonight and from a distance, it looked closed. Supposedly, another larger location elsewhere in town is still open.

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