The Real Deal Miami

Retail bankruptcies hit shopping centers around U.S. 

April 16, 2008 07:42AM

As consumer spending slows and the credit markets tighten, thousands of
chain stores are closing around the country. To avoid bankruptcy,
chains are closing stores. Foot Locker said it would close 140 stores
over the next year, while Ann Taylor will close 117 and the jeweler
Zales will close 100. Since autumn, eight chains have filed for
bankruptcy protection, including the furniture store Levitz and the
electronics seller Sharper Image. Linens ‘n Things, which has 500
stores in 47 states, could file for bankruptcy this week.