Top retail failures
January 27, 2009
You knew things were getting a little dicey as far back as a year ago when Sharper Image announced it would not be able to honor its own gift cards.
Turns out that was only the beginning.
The past 12 months have not been kind to the retail business, and a brutal Christmas season seems to have had a Darwinian effect on those barely hanging on. Circuit City is going away. So is Mervyn’s.
Who else is vacating space, or on the brink of having to do so?
Forbes has the list:
– Charming Shoppes (owner of Lane Bryant, Fashion Bug, Catherines)
– Pep Boys
– Gap
What are the prospects for these old favorites? Check out the numbers, and catch a slideshow, at Forbes.
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