Comings and goings:
- Borders filed for bankruptcy protection on February 16, and is closing at least 200 stores and possibly 75 more. Here’s a sortable list of the closings from the WSJ.
- According to the Palm Springs Desert Sun, several more of the few remaining merchants at the derelict Palm Springs Mall are moving, including True Value, Rite Aid, and Time Warner Cable.
- Dillard’s is closing their two stores at the Decatur (Alabama) Mall.
- Ultimate Electronics is closing all of its stores. The 46-store Colorado-based chain had gone through growing pains as recently as 2004, when it closed half of its locations. But recently, they were in expansion mode until they lacked the funds to buy more merchandise. Oops.
- The frozen yogurt craze is apparently far from over. Yogurtland, a chain of over 100 froyo shops, plans to have 550 locations by 2015.
- According to the Omaha World-Herald, 41 outlet centers are planned to open across the country between now and 2013. This, combined with the surge of dollar stores and discounters, paints the picture of an America coping with recession but making the most of it.
- Westcor, a mall developer based in Phoenix, is set to break ground on a new mall there called Estrella Falls. So far, Dillard’s, Macy’s, Harkins Theaters, Coach, White House Black Market, Industrial Rideshop and Chico’s have signed on as tenants. The mall will open in 2014.
- Macy’s will reopen their store at the Warwick (R.I.) Mall on March 16, nearly a year after a record flood destroyed the mall. Another mall that flooded in 2010 isn’t so lucky: Opry Mills in Nashville will definitely not reopen this year, if ever.
Other retail news:
- The Cookeville (Tenn.) Herald-Citizen profiles the Cookeville Mall’s recent decline, which has left JCPenney as the only remaning retailer there.
- An elementary school teacher landed in jail after a spat with an elderly couple in their 70s at the Parks at Arlington mall in Arlington, Texas.
- According to ABC6 in Philadelphia, the suburban Granite Run Mall is failing. The mall is currently 17% vacant.
- No Fear, the California-based company that sparked a nationwide t-shirt trend in the 1990s has declared bankruptcy. After the t-shirt craze ended, they moved in a skater-y direction along the lines of Pac Sun, but apparently that isn’t going so well.