By Ashley M. Heher The Associated Press
Stanley Czwakiel has one word of advice for retailers who need to control a crowd of bargain-hunting consumers: stanchions - the metal railings that force shoppers to line up single file, or two or three abreast, before they rush the doors for early-bird specials. Czwakiel, 53, is president of Cambridge Security Services, a company with a niche providing security for liquidation sales. Shopper control has become a hot topic in the wake of a deadly shopping stampede that killed a worker at a Wal-Mart store in Valley Stream, N.Y., on Black Friday. Cambridge is handling security for the liquidation sales of Clifton-based Linens 'n Things, and for the Circuit City store closings.
I don't think there is going to be enough demand to see those [empty] spaces leased in one year," he said. "It's going to drag on for a couple of years after the retailers come back and start looking again." Failed big-box retailers such as Circuit City and Linens 'N Things had one store in every submarket, and their closings have left an overabundance of vacant 25,000 to 50,000 square-foot spaces, he said. "The market has been flooded with an unprecedented number of big-box spaces" following the bankruptcies or closures of retailers such as Circuit City and Linens 'N Things, as well as downsizings by Office Depot and Office Max, said Richard Brunelli, the brokerage firm's president. While New Jersey has its advantages over other retail markets - namely, its population density and one...
Bankrupt Circuit City Stores Inc., unable to work out a sale of the company, said Friday it will go out of business - closing its 567 U.S. stores and cutting about 34,000 jobs. The Circuit City stores at 8045 Giacosa Place in Bartlett near Wolfchase Galleria and at 6680 Southcrest Parkway in Southaven are among those slated for closure. Two other local Circuit City locations - one in Memphis and one in Collierville - were shut down last month as part of an earlier round of store closings.
... tenant bankruptcies and subsequent store closings of Circuit City, Linens 'N Things, Goody'...
.... * Same store net operating income ("NOI") for the year decrease... to the bankruptcies and subsequent store closings of Circuit City, Linens 'N Things, Goody's and Ste...
... and closing of all Linens 'n Things and Circuit City stores. Other store closings will follow, and...
Circuit City Stores Inc. filed for bankruptcy protection Monday to preserve its inventory of consumer electronics as it prepares for a difficult holiday shopping season ahead. The Richmond retailer said it will try to win support from suppliers for a reorganization plan that may allow it to exit court protection by June.
... that Circuit City announced the store closings without announcing that it would be filing for ban...
The new year is not even a month old yet and news surrounding both the national and local retail markets continues to worsen. Last week, Circuit City announced it was closing all of its stores nationwide, including four locations in Oklahoma City and Tulsa. The closings are but the first of what many national retail analysts believe will result in a 40-percent increase in store closings in 2009, largely the result of the worst holiday shopping season in 40 years.
...However, even as store closings continued due to the recession, a number ... such well-known retailers as Ann Taylor, Circuit City, Gap, and Linens n' Things, among others. In ...
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