Joystiq is reporting video game retailer Game Crazy is closing 200 of its 680 stores. Game Crazy, a unit of Hollywood Entertainment and Movie Gallery Inc. (which also owns Hollywood Video), is citing the economy as the culprit. Specific store closings have not yet been identified.
store closings: September 2009 Archives
Beleaguered jewelry retailer Finlay Enterprises has decided to close all its specialty stores, including Bailey Banks & Biddle, Carlyle & Co. and other outlets. Finlay, which has endured a restructuring and a bankruptcy filing this year, will apparently be out of the retail jewelry business after store-closing sales are complete.
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The retail unit of Samsonite Luggage filed for Chapter 11 bankruptcy last week, with plans to rapidly close 84 stores. The move is designed to increase profitability by halving the number of existing retail outlets. Merchandise is to be liquidated this fall.
Samsonite expects no disruption of business beyond the proceedings and store closings. The company blamed the recession's impact on travel as the main driver of the bankruptcy filing.
