www.Onyx-Wholesale.com

Sunday, July 4, 2010

IM SO GLAD SCENTURA CREATIONS IS A RECESSION PROOF BUSINESS

-As I was posting this I thought "This is just retails stores closing down, what about other small businesses?" Crazy to think about.

On the other hand if Onyx Wholesale and Scentura Creations keeps expanding the way I've seen it lately we'll have all 125 offices open within the next 1 to 2 years!!

I'm very proud to be apart of a recession proof business. Thank you Larry Hahn for the opportunity every single day! It means more than I could ever type on a blog. Any ways check out how the rest of the world is doing...

-Chris Westphal

For more info:
http://www.walletpop.com/article/retail-stores-closing-doors/968054

"Getty ImagesAnnouncements continue to roll in from retailers that have decided to close stores, slow expansion plans or cease operations altogether.
From Christopher & Banks to the ESPN Zone, we update our ongoing roundup with the latest news from 2010. Read on to see which retailers are closing (at least some) of their doors.

Are any of these your favorites?
ESPN ZONE
Disney blamed the poor economy for the closures.

MOVADO
It will close all 27 U.S. stores.

DOLLAR STORE
A 37-store network of Dollar Store outlets in Washington and Oregon announced they will be closing, just weeks after the parent company filed for bankruptcy in late March.

KENNETH COLE
Expects to close a total of five to 10 stores by year-end.

MOVIE GALLERY / HOLLYWOOD VIDEO / GAME CRAZY
All U.S. Hollywood Video, Movie Gallery, and Game Crazy stores would begin the liquidation process in May 2010.

FUDDRUCKERS
Will use a Chapter 11 bankruptcy “to terminate certain Fuddruckers leases and will close 24 corporate-owned Fuddruckers restaurants by April 30, 2010."

CHRISTOPHER & BANKS
To close 25 existing stores in fiscal 2011.

CHARMING SHOPPES
announced plans that it would close 100 to 120 of its branches in fiscal 2010.

SWOOZIES
The Atlanta-based retailer of greeting cards and gifts is closing all 43 stores.

SUPERVALU SHEDS BIGG'S
closing five underperforming locations and selling the rest to Remke Markets.

HIBBETT SPORTS
Closing about 10-15 underperforming stores.

CRICKET WIRELESS
Leap Wireless cut 180 jobs and shuttered 27 Cricket stores nationwide.

84 LUMBER
Closed 10 stores in 10 states on March 15 due to declining housing starts.

STORE CLOSINGS FROM OUR PREVIOUS ROUNDUP
ANN TAYLOR

Expects to close approximately 72 stores in fiscal 2010, for a total of approximately 174 store closures under the 3-year program..

BLOCKBUSTER
Eexpects to close a range of 500 to 545 underperforming domestic company-owned stores. Of these, Blockbuster has already closed 253 stores in January 2010 and has identified approximately 150 other stores that are expected to be closed in April 2010. The Company then expects to close approximately 75 to 125 more stores throughout the remaining portion of 2010

JONES APPAREL
Jones Apparel plans on closing 165 of its specialty retail stores in 2010. In 2009, Jones Apparel closed 100 mall-based retail stores which has produced positive results for the parent company of Nine West, Anne Klein, Bandolino and Easy Spirit.

WALDENBOOKS
Borders Group, Inc. reiterated its decision to close 182 Waldenbooks Specialty Retail stores.

FOOT LOCKER
They closed 106 underproductive stores during the first quarter and eliminated 120 corporate positions. The company also closed 179 stores in 2009.

MOVIE GALLERY
Movie Gallery filed for Chapter 11 bankruptcy in February. While not going out of business, the restructuring called for the immediate liquidation and closure of approximately 760 stores.

JO-ANN STORES
To close approximately 30 stores in fiscal 2011.

HOME DEPOT
Due to the recession and lingering housing crisis, Home Depot announced it would lay off 1,000 employees company-wide.

CRABTREE & EVELYN
The company will only need to close 35 of its 126 stores.

ALBERTSONS
Boise, ID-based Albertsons LLC is in the process of closing 11 underperforming stores. Three stores in Colorado. This latest round of closures will leave Albertsons with 22 stores in Colorado.

SAM'S CLUB
In January, Bloomberg reported that Wal-Mart Store's Inc. said it was closing 10 "financially underperforming" Sam's Club locations in the U.S.

DISNEY STORE
Disney is in the process of liquidating and shuttering 24 U.S. and 3 Canada Disney Store locations.

FRENCH CONNECTION
The total of U.S. stores to be shuttered is numbered at 17, but F.C.U.K. has not released the specific location of those stores.

MEN'S WEARHOUSE
The company has identified 145 stores that it would likely close.

AMERICAN EAGLE'S MARTIN +OSA
Specialty apparel retailer, American Eagle Outfitters is shuttering its MARTIN + OSA brand, including its 28 stores and online business.

WILLIAMS SONOMA
Williams Sonoma CFO Sharon McCollam said that the specialty retailer intends to shutter an undisclosed number of stores in large, multi-store markets during the next three years.

MACY'S
Macy's said it is closing five stores as part of its ongoing effort to weed out underperforming

TRANS WORLD ENTERTAINMENT (F.Y.E.)
Trans World Entertainment Corp. By the end of January, it planned to have closed 161 stores during the prior 12 months.

Chris Westphal Onyx Wholesale Arvada, Co (303)940-3580

No comments:

Post a Comment