Retailers that should be shutting stores

An orderly retreat is central to these chains' struggles to avoid the fate of Borders, Circuit City and other well-known retailers that went out of business. Here’s what they need to do.

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VIDEO ON MSN MONEY

396Comments
Feb 17, 2013 4:36PM
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JCPenney's is a awful store. They can start by shutting down the Springfield, Virginia store. It's in a mall that is dying.
Feb 17, 2013 4:35PM
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...you may talk anthing about Best Buy but its major share holder actually wants to 'Buy' the company & take it private. Beats me because if he sees value in Best Buy, why not implement what's on mind and make it prosper? Stores that should be closing are of Kohls, the king of high price marchandise, even at its routine 30% dscounts and bonus $ 10.00 gift certificates on $ 50.00 purchase to be used on buying more 'stupidity'. Folks it's the American consumer who is fooled by stores (Macy's being one of them) who know how to promote their expensive merchandise to idiotic masses.
Feb 17, 2013 4:30PM
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Used to work for Penney's and did a lot of shopping there. Johnson has made some bad moves with doing away with merchandise and as a result shop for those things elsewhere. Bring back the good stuff.

 

Feb 17, 2013 4:29PM
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Penneys geared up Ads to welcome gay families only to find out there just aren't that many out there. And those that are have too much taste to shop there.

Epic fail Mr. CEO.

Feb 17, 2013 4:26PM
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I refuse to shop at Office Depot. I purchase a lot from both Staples and Office Max. When some of these chains get large and profitable they think that they can treat customers like crap. Then bad times hit and they wonder what happened. This is the Office depot story.
Feb 17, 2013 4:25PM
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It has never been easier to pull in tens of thousands of extra dollars. This is the internet boom era and you need to check it to understand. G00GLE thiis term "CRAZY RICH CASH'" and then check the first sitee. Clickk the REFINANCE page and you will see how thousands are becoming this country's richest.

Feb 17, 2013 4:24PM
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We have no leader ship!  Congress is proving that as we speak! And a president who has got his!  And is now going about his agenda! 

 

   ……."Buckle your seat belts it going to be a bumpy ride!"

 

Feb 17, 2013 4:23PM
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I wonder if any of you have worked retail? It i very hard work you are expected to be smiles all the time and customers rip you apart for things you cant do anthing about . people should really look at themselves. People that work retail do not get paid very much and take alot of greif from you and there bosses dont care nor do they stand behind them in any way. Just do your job above and beond.
Feb 17, 2013 4:15PM
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What is interesting about these companies is that...

 

1- if they actually listened to their customer they would do themselves good.

2- if they actually listened to their associates they would do themselves good.

3-but they think they know better than both, and that does not do themselves good.

4-they are worried about the bottom line, which is good, but if dont want to hear or listen to what your customers

and associates are telling you, then there will be no bottom line.

Feb 17, 2013 4:13PM
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Because all of their CEO's are reaping the profits
Feb 11, 2013 7:57PM
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all i see is finger pointing with no solution. when is america going to learn that divided we fall united we stand. we shouldnt blame anyone but ourselves "the consumer" we demand flawless products for near damn pennies. how much cheaper can things get. i predict much more brand stores closing soon.  
Feb 11, 2013 7:43PM
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Best Buy's prices are so high I asked a clerk why they called it Best Buy.   He said they didn't think anybody would come in if they called it "worst buy".
Feb 11, 2013 7:09PM
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...Folks have to realize that obama is taking us hard to the left,  Our gdp will come down

and companies will be over regulated.....Obamacare is one good example.....By 2014

costs of health care will be running wild...deficits will be with us for a long time.....until...

we run out of credit....

Feb 11, 2013 6:53PM
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Horrible customer service, poor business model, trying to stay trendy in a very tough market. Millions of wasted dollars doing market research when I can tell you what consumers want; Quality customer service and quality products that are affordable. A simple equation destroyed by greed.
Feb 11, 2013 3:48PM
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People don't get paid enough wages to buy what they want or need anymore because they are not loyal to themselves? sounds crazy well it's like this, You will not join a union in your trade your excuse "I won't pay someone for a job" Well with lower wages you are paying for it. The unions help protect your job,health insurance,and yet you allow the goverment to be unionized without any squabble. People are their own worst enemy, They don't THINK anymore they just let owners or corp. managers to run them out without a fight. LARGE Corp.'s. will kill america , We need more unions in the work place and we need more SMALL companies and not let these BIG BOX stores & corporation to get any larger. We need to STOP buying all this crap from other countries it's OK for small amounts to be purchased but to let everything come from other places puts you and everyone else OUT OF WORK and the small business go under. Check out the unions for your profession in your area and unionize. I was union when I worked in steel construction and really like all the working conditions, When I started my own business I was small and was not union BUT if I was larger I would not stay NON-UNION i would welcome the union because it would send more business my way! and my employees would be more LOYAL to me because they would be protected. Loyalty works both ways and today's businesses need to learn this all over again they have gotten away with this for so long now they hire & fire at will without caring anymore. I have worked both sides and I see that UNIONS need to come back into ALL work places but without any corrupted officers.
Feb 11, 2013 2:55PM
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If Pennys or sears would have a section in their stores where only made in USA goods were sold they might turn their sagging sales around .       Everyone knows walmart sells th made in china stuff
Feb 11, 2013 2:48PM
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Don't forget about Blockbuster and I don't just mean all the stores closing. Online you can't get any movies sent to you even if you have 26 in your queue and 4 are available. You email them they don't respond and then you only get a survey which of course I said Suuuccccks. They use to have good service but they are going down the way of the rest. To Bad
Feb 11, 2013 2:39PM
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Here's my issue with Best Buy.  I go into their store and get asked by about 15 employees if I need any help/what am I looking for.  It's sick.  If I want help, if I need to socialize, I will come to you.  Just leave me be!!!
Feb 11, 2013 2:26PM
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why is this news today? Circuit City closed years ago!!!
Feb 11, 2013 1:59PM
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IF the internet is assisting the downfall of brick and mortar retail business.  Then look to the Democraps to try really hard to tax the internet sales so they can ruin that business too!
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