Top 5: Forbes’ predictions on where you won’t be shopping in 2010
According to a slide show on forbes.com, we can expect some national name store closings in 2010. Many of the stores that made their “where you might not shop” list had closings during 2009, and many also have locations in and around Ann Arbor. Here are some of the most likely to bid farewell in 2010 according to Forbes’ sources: the companies (spokespeople and websites), Davidowitz & Associates, About.com.
Blockbuster: It’s hard to maintain customer loyalty when competitors are delivering movies straight to your door step or cable box. Blockbuster is trying to keep up with high tech movie rental changes, but plans 960 store closings in 2009-2010. Ann Arbor still maintains 4 area locations, one in Ypsilanti, and one in Saline. Hollywood video stores face a similar dim outlook.
Borders: Retail analysts project a 50/50 survival rate as Borders tries to find a new niche that is not in straight competition with amazon.com. The store is appealing to e-book readers, and kids. The holidays found a flux of kits, games and toys for children, but this week finds a nice selection of those items at 75% off. Check out the 3 Ann Arbor locations at Arborland, Waters Place, and Downtown.
Zales: Jewelry stores saw 2000 closings in 2009, thanks to the recession. The mall based Zales is still holding on at Briarwood Mall in Ann Arbor.
KB Toys: Long gone from its Briarwood Mall location, KB Toys no longer honors its giftcards, and filed bankruptcy in 2008.
Retail analysts say not all shops on the chopping block will close. In fact, stores like Starbucks, Foot Locker, and Jones Apparel are closing some locations, but this smart move is allowing the company to remain “healthy” in 2010.
Lead Shopping Blogger Angie Smith will hunt for deals and dish on the latest in retail in Ann Arbor. Readers will attain notices of great deals, and store happenings in and around the city. To report a news item or tip contact her at angieannarbor@gmail.com