Bottom Dollar Food Stores To Close By Year’s End And Be Sold To Aldi

The Belgium-based owner of Bottom Dollar Food stores plans to close its 66 store locations in Pittsburgh and Philadelphia markets and sell the assets to discount food competitor Aldi Inc. for about $15 million.

Aldi said the purchase is part of an expansion plan that will add 650 stores nationwide by the end of 2018.

Delhaize Group of Brussels said all stores are expected to remain open as Bottom Dollar Food stores until yearend. After that, banner will be retired. The sale of stores and leases to Aldi is expected to be completed by March 31.

Read more: http://triblive.com/business/headlines/7104718-74/aldi-stores-bottom#ixzz3ILGhsZ8R
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Bon-Ton To Close Two Of Its Stores

Map of Pennsylvania highlighting Butler County

Map of Pennsylvania highlighting Butler County (Photo credit: Wikipedia)

The Bon-Ton Stores, Inc. is shuttering two of its stores, citing low sales, the company said in a news release.

The Bon-Ton store in the Clearview Mall in Butler, Pennsylvania and the Elder-Beerman store in the Raleigh Mall in Beckley, West Virginia will close before January 31, 2015, when their respective leases end. Approximately 38 employees at the Clearview Mall Bon-Ton and 39 at the Raleigh Mall Elder-Beerman will lose their jobs, the press release said.

Read more: http://www.ydr.com/local/ci_26679132/bon-ton-shuttering-two-stores

Arby’s Closings Leave Employees Jobless

Locator map of the Scranton-Wilkes-Barre Metro...

Locator map of the Scranton-Wilkes-Barre Metropolitan Statistical Area in the northeastern part of the of . (Photo credit: Wikipedia)

Ashley Douglas was depending on her next paycheck from her job at Arby’s to catch up with her rent.

But the single mother of three children will have to find another way to pay her bills. Douglas, 29, of Wilkes-Barre, who worked at the Wyoming Valley Mall Arby’s, was among dozens of employees at six Arby’s restaurants in Northeastern and Central Pennsylvania who lost their jobs when the businesses closed on Friday.

That was the same day the franchise owner’s Chapter 7 liquidation was approved in federal court.

“That was the only job I was working at for right now,” said Douglas, who is separated and raising her children, ages 7, 4 and 3. “I’m depending on that. I’m trying to find something else. I still owe my landlord the rest of the rent for this month … If I don’t get something to pay for my rent, I don’t know what I’m going to do.”

Read more: http://timesleader.com/news/local-news/302844/Arbys-closings-leave-employees-jobless

Retailer Coldwater Creek Files For Bankruptcy

Women’s clothing chain Coldwater Creek has filed for bankruptcy and plans to liquidate its operations.

The Idaho retailer — which has Pittsburgh-area stores in Ross, Monroeville, Mt. Lebanon, Cranberry, Grove City and Erie —announced that it plans to start liquidation sales in early May. The company’s most recent quarterly report listed 343 traditional stores, 36 factory stores and 7 spas.

Coldwater Creek said it has been reviewing its options for the past six months and considered many options, including a sale of the company. But the company wasn’t able to find a buyer or a source of enough capital to turn the business around.

Read more: http://www.post-gazette.com/business/2014/04/11/Coldwater-Creek-files-for-bankruptcy/stories/201404110175#ixzz2ygqJfoxg

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Sbarro Pizza Chain Files For Bankruptcy Protection For Second Time

The pizza restaurant chain Sbarro on Monday filed for bankruptcy protection for the second time in less than three years, after struggling with too much debt and lower customer traffic in the malls that house many of its restaurants.

Sbarro and more than 30 affiliates filed for Chapter 11 protection from creditors with the US bankruptcy court in Manhattan.

Read more: http://dfm.timesherald.com/article/sbarro-pizza-chain-files-for-bankruptcy-protection-for-second-time/c8065ce850e3d91ac94aa80ba458c0a0

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Boscov: Steamtown Mall Nearing Foreclosure

Map of Pennsylvania highlighting Lackawanna County

Map of Pennsylvania highlighting Lackawanna County (Photo credit: Wikipedia)

The Mall at Steamtown is on the verge of foreclosure, department store magnate Al Boscov disclosed to The Times-Tribune on Wednesday.

The mall ownership group, Steamtown Mall Partners LP, recently defaulted on a lump sum mortgage payment and a property foreclosure action is expected to be filed by Friday in Lackawanna County Court, Boscov told the newspaper’s editorial board.

The mall will continue to operate and shoppers should notice no difference at the Lackawanna Avenue retail complex during foreclosure, he said. All of the mall’s tenants but one, a store whose lease was up, have decided to stay.

Reiterating his personal commitment to the mall and to downtown Scranton, Boscov, chairman and chief executive of Boscov’s department store, said the mall’s ownership believes the foreclosure process will help the property emerge as a financially healthier operation.

Read more:  http://citizensvoice.com/news/boscov-steamtown-mall-nearing-foreclosure-1.1645780

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Staples To Shutter 225 Stores As Sales Move Online

Staples (Canada)

Staples (Canada) (Photo credit: Wikipedia)

FRAMINGHAM, MA (AP) – Staples will close up to 225 stores in North America by the end of next year as it seeks to trim about $500 million in costs annually by 2015.

The nation’s largest office-supply retailer said Thursday that nearly half of its sales are now generated online, so it will aggressively cut costs to become more efficient.

Company shares dropped more than 10 percent before markets opened.

The recession did heavy damage to the industry, which is now under increasing pressure from online retailers as well as discount stores.

Read more at http://www.philly.com/philly/business/20140306_ap_77eb92fd166d43918b55776a4cd110bf.html#y7MAZEw1cUTxW8ok.99

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RadioShack Corp. To Close 1,100 Stores, Company Reports

English: A Radio Shack store in the Plaza Cara...

English: A Radio Shack store in the Plaza Caracol shopping center on Boulevard Francisco Medina Ascensio in the city of Puerto Vallarta, Jalisco, Mexico. (Photo credit: Wikipedia)

RadioShack Corp. said it plans to close up to 1,100 stores in the U.S. and reported a wider quarterly loss after a disappointing holiday season.

Its stock tumbled 24 percent in premarket trading today and was down 11 percent at 2.42 after opening on the New York Stock Exchange.

CEO Joseph Magnacca said in statement that the store closings would leave RadioShack with more than 4,000 U.S. stores, including more than 900 dealer franchise locations. The company didn’t immediately identify which stores will be closed or how many jobs would be affected.

There are several stores in the Lehigh Valley, including stores within a mile of each other in Palmer Township.

Read more: http://www.lehighvalleylive.com/breaking-news/index.ssf/2014/03/radioshack_to_close_1100_store.html

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J.C. Penney Closing 33 Stores – 2 In Philadelphia Suburbs

English: JCPenney store at the Holiday Village...

English: JCPenney store at the Holiday Village Mall in Great Falls, Montana, taken March 4, 2007. (Photo credit: Wikipedia)

Struggling department-store operator J.C. Penney Co. announced it will cut 2,000 jobs and close 33 stores – including its stores in Exton and Burlington – as it tries to get back on the path to profitability.

The news raises concerns that Penney’s holiday season sales were not what the company hoped for and that the chain needs to do even more to recover from a turnaround plan that has had disastrous results.

J.C. Penney said earlier this month said it was pleased with its holiday results but declined to give sales figures, raising worries among Wall Street analysts about how the season actually fared.

Penney has 116,000 staffers and operates more than 1,100 stores.

Read more at http://www.philly.com/philly/business/20140116_Penney_closing_33_stores_-_2_in_Phila__suburbs.html#uJtvJ5BOgUjA4UKO.99

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Macy’s To Cut 2,500 Jobs, Close Stores

Macy's logo

Macy’s logo (Photo credit: Wikipedia)

Macy’s Inc. is cutting 2,500 jobs as part of a reorganization to sustain its profitability.

The announcement comes on the heels of a strong holiday shopping season for the department store chain.

Macy’s said Wednesday that it will reassign or transfer some workers and add some positions, leaving its workforce level at about 175,000.

The Cincinnati-based company plans to close five stores and open eight others, leaving it with 844 stores nationwide once the changes are complete.

Read more: http://www.inyork.com/community/ci_24868130/macys-cut-2-500-jobs?source=rss

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Blockbuster To Close About 300 Stores In U.S.

Blockbuster said it will close about 300 of its U.S. stores in the coming weeks, thinning the once ubiquitous video rental chain’s bricks-and-mortar presence.

The closures will result in the loss of about 3,000 jobs and leave the company with about 500 stores in the nation, said John Hall, a spokesman for parent company Dish Network Corp. in Englewood, Colo.

Last week, Blockbuster’s British unit entered into administration, a version of bankruptcy, and said it would close 160 stores there, according to the administrator, accounting and consulting firm Deloitte.

Read more:  http://www.mcall.com/business/la-fi-blockbuster-stores-20130122,0,3591989.story

Phillipsburg Mall Ordered For Sale

Phillipsburg Mall is home to anchors like Sears, Bon-Ton, Kohl’s and JCPenney’s.

But have you noticed that the mall’s corridors are riddled with vacancies?

I witnessed the sea of empty storefronts as I walked through the mall during lunchtime Wednesday. I wasn’t necessarily dodging tumbleweeds, but the dearth was obvious.

Phillipsburg has one of the highest vacancy rates among the Lehigh Valley‘s shopping malls, with nearly three dozen empty storefronts among its more than 90 spaces in its online directory.

Read more:http://www.mcall.com/business/retailwatch/mc-phillipsburg-mall-for-sale-20120519,0,6196043.column?obref=obinsite

Berks-Area Malls And Strips Find Challenges Of Economic Downturn Linger

There is no question that retail businesses have been suffering for the past two years as a result of a weak economy.

Economists predict only slight improvement in 2012. So what does that mean for our local malls and shopping centers?

Shopping Centers Today, a leading publication in the industry, reported in January that shopping center vacancies in the United States averaged 11 percent in the fourth quarter of 2011. That figure was up from 10.9 percent in the fourth quarter of 2010 and not far from the all-time high of 11.1 percent reached in the fourth quarter of 2007.

Read more: http://businessweekly.readingeagle.com/?p=1899

Upper Darby’s Shopping District Losing More Than Sears

2010 Sears logo

Image via Wikipedia

The shopping district in Upper Darby, PA is losing more than their Sears store.  In addition, Marshall’s is closing January 14th (but being replaced with Ross); the Turf Club has already closed and left a large empty building and Fashion Choice Jewelry is closing.  The vacant Sears store will leave two large empty buildings in the shopping district.

Sears has been a fixture and an anchor store in the Upper Darby shopping district for 30 years.  We here inPottstown can feel your pain.  Sears has been around Pottstown far longer.

The main reason for the closing is the economy (poor performance).  Since 2008 sales at Sears in Upper Darby have dropped 50 percent.  I would say the Pottstown Sears store is in the same boat.  Compared to Boscov’s and Kohl’s the Sears store is empty.  I could barely shop in Boscov’s last week because it was so crowded.

Sears employees losing their jobs can apply for positions in other stores, take severance, if they qualify, or be furloughed.

Blockbuster Closing More Stores

Blockbuster Video plans to shutter all but one of its remaining Lehigh Valley stores in the coming days, according to several sources.

The beleaguered movie rental chain plans to cease rentals as early as Monday, Dec. 26, at stores at 2221 Lehigh St., Allentown; 2918 William Penn Highway, Palmer Township; and 756 Memorial Parkway, Phillipsburg, according to employees who answered the store phones Wednesday.

Liquidations are planned to start next week, according to the clerks.

Read more: http://www.mcall.com/news/breaking/mc-allentown-blockbuster-closing-more-stores-story-20111221,0,4779144.story

Is There Life After Borders? In Pennsylvania, YES!

By now most people know Borders is going, going, gone in the very near future.  The departure of Borders from many malls has book lovers everywhere scrambling for a new place to buy books.

Books-A-Million is looking to fill that void, at least in some Pennsylvania locations.  Recently Books-A-Million opened a new store in a former Borders Express at Coventry Mall, Pottstown.  I also noticed in my last trip to Park City Center, Lancaster that Books-A-Million had opened a store there too.

Now Books-A-Million, a Birmingham, Alabama based bookseller, is trying to acquire eight more locations in Pennsylvania (there are currently five PA stores).  One site under consideration is the soon to be vacant Viewmont Mall Borders store in Dickson City.  According to the Times Tribune, the Dickson City Borders is Lackawanna County‘s only general-interest bookstore.

You can imagine that the Viewmont Mall management and Lackawanna County book lovers are waiting with bated breath to see if this deal goes through.

To check out Books-A-Million’s complete list of locations from their website, click here: http://www.booksamillion.com/storefinder?id=5114383831772

With the demise of Borders, Books-A-Million will become the nation’s second largest book retailer.

Coventry Mall Borders Express Closing!!

Borders' current flagship store in Downtown An...

Image via Wikipedia

For whatever reason, the Coventry Mall Borders Express store is not listed on the Pennsylvania store closing list.  However, after walking around Coventry Mall this morning, the Borders Express store has a final closing sale sign in the window.  It says this location only, which I thought was rather odd since Borders is closing hundreds of stores nationwide.

So there is your alert Pottstown area shoppers.  Borders Express at Coventry mall is closing.  I believe the sign said up to 75% off.  If you want to get some cheap books, you better head over soon!  It will not be open much longer.

Borders Adds 26 More Stores To Chapter 11 Closing List

Here is the list of Borders stores closing in Pennsylvania taken from their website.  The Philadelphia store was just added Thursday, March 17th.

Camp Hill, PA Capital City Commons 3515 Gettysburg Road
Erie, PA Millcreek Pavilion 2088A Interchange Rd
King of Prussia, PA The Pavilion at King of Prussia 650 Mall Blvd.
Langhome, PA Marketplace at Oxford Valley 2343 E. Lincoln Highway
Monroeville, PA                                                                                                      200 Mall Blvd
Philadelphia, PA (closing by late May 2011)                             1 South Broad, Suite 100
Pittsburgh, PA Crossgates Shopping Center 1775 North Highland Road
Pittsburgh, PA Eastside Shopping Center 5986 Penn Circles South, Ste 101
Reading, PA Woodmill Commons 1075 Woodland Rd
Whitehall, PA Whitehall Mall 1937 Whitehall Mall
 

For a complete list of store closures nationwide:

http://media.bordersstores.com/pdf/Borders_Reorg_Closure_Listupdated3-17.pdf

Borders announced July 18th that it was going out of business and closing their remaining 400 stores after finding a buyer fell through.

More Store Closings – Pathmark And Superfresh To Close Stores

Ten Delaware Valley underperforming supermarkets are closing shortly due to competition from Super Walmart stores.

The two stores closing closest to Pottstown are the Lionville Superfresh in Chester County and the Saucon Valley Pathmark.  Saucon Valley is an area south of Allentown and Bethlehem.  Other stores are mostly in New Jersey with one in Delaware and one in Yardley PA.

Superfresh and Pathmark are union operations and offer better wages and benefits than Walmart.  The store closings will put 600 people out of work.

J.C. Penney Closing Stores – Dropping Catalog Business

A 1947 topographic map of the Reading, Pennsyl...

Image via Wikipedia

I guess all good things come to an end.  J.C. Penney is getting out of the catalog business and closing all 19 of their catalog outlet stores.

This is possibly bad news for the Fairgrounds Square Mall, in Muhlenberg Township, which has a J.C. Penney catalog outlet store.  The store used to be a regular J.C. Penney and is one of the mall anchor stores.  The Fairgrounds location converted to the catalog outlet format in 1999. 

No closing date has been set other than it will be sometime in 2011 – 2012.  J.C. Penney would not say whether the store will close or convert back to a standard J.C. Penney retail store.

This would leave Boscov’s and Burlington Coat Factory as the remaining anchor stores in the event Penney’s pulls out of the Fairgrounds Square Mall.