Store Closings

2010 is starting off with announcements of more store closings. Foot Locker plans to close 117, Sam's Club 10, Ann Taylor 163, Macy's 11, Blockbuster up to 960, Borders and Waldenbooks 200, f.y.e. 149, Food Lion 15, and Movie Gallery up to 1,000. While 2010 should prove to be a more positive year for retailers, these store closings are likely a strategic move in terms of profitability. Suppliers should pay close attention to orders for the targeted stores and verify whether they should be shipped in light of these announcements.