General Growth Properties Largest Real Estate Bankruptcy in U.S. History

Well, it’s happened. U.S. mall owner General Growth Properties filed for Chapter 11 bankruptcy today. General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history. Ending months of speculation, General Growth, along with 158 of its 200-plus U.S. malls, filed Chapter 11 while […]

Dillard’s Suing Simon and GGP Over Deteriorating Condition of Austin Mall

Here’s another interesting curiosity: Dillard’s, who maintains two stores at Austin’s beleaguered Highland Mall, is suing the Highland Mall Limited Partnership–made up jointly of General Growth Properties and Simon Property Group–for letting the mall deteriorate sharply. Dillard’s plans to close both of their stores in the center, which already lost JCPenney in 2006. Gang activity, […]

Old News: Goodbye to Gottschalks and Fortunoff

Isn’t it obvious it would turn out this way? On March 30, Gottschalks announced they were going to liquidate, extinguishing any hope the 105-year-old chain would continue to operate. We noted a few months ago that Gottschalks existed in a weird place–kind of a dowdy combo of Kohls and Macy’s, with mostly mall-based locations–and that […]

Gottschalks Sinking Fast; Filene’s Basement in Trouble

Yikes. They only just announced a Chapter 11 filing last week, but Gottschalks is on the fast track to oblivion. Inside Bay Area notes that Gottschalks needs a buyer now “or else:” Gottschalks Inc. intends to find a buyer by mid-March or it might proceed with a complete liquidation of its assets, according to court […]

Unsurprising Announcements: Say Goodbye to Circuit City, Gottschalks Teeters

As expected, 2009 is bringing a massive wave of retail bankruptcies. Today brings news of the biggest yet: Circuit City will be closing all of their stores and winding down their business between now and March 31. This will leave Best Buy as the only national electronics retailer, with only a few regional (or much […]

Macy’s Closing 11 Stores; Goody’s Says Goodbye Forever

Macy’s, like many other stores in the country, didn’t make it through the holiday season with a surplus of cash; in fact, Macy’s has emerged from the holiday season – a time when many stores report up to 50 percent of annual sales – badly beaten and in need to purge some of its stores.  […]

While the Economy Was Crumbling…

I didn’t live through the Great Depression, but none of the seniors who did told me we’d be losing all of our chain stores! Sheesh… We already know about Mervyn’s and Linens N Things, but I dropped the ball on reporting on a few others, such as: Value City: The ailing Value City Department Stores […]

Circuit City to Slash 155 Stores, Value City is Done

We called it: Circuit City is closing 155 stores, not even waiting to see if holiday sales have a chance of propping up the 700-store chain. This is a very bad sign; I’d look to see if Circuit City is one of the titans to fall in January. Consumerist has the complete list of stores […]

Oh, Merv!

Stick a fork in Mervyn’s. They’re done. In addition to Mervyn’s, Linens N Things is also going out of business. Who else do you think we’ll see in the next few months? My money is on Circuit City… Via Retail Traffic

Another Sad Day for Retail: Boscov’s Flails for Life; Dawahare’s Shutting For Good, Trouble for Goody’s and Bob’s

Whoa. just when we thought it couldn’t get much worse than Mervyn’s, one regional chain is throwing in the towel and three others are struggling badly. The big news, surrounding northeastern department store Boscov’s, is fresh from this morning: About half the major suppliers to Boscov’s, a family-held Reading, Pa.-based department store with stores across […]