01-19-2008, 09:09 AM
Quote:Zale, Liz Claiborne and Pacific Sunwear are among the companies planning closures. Quiksilver may sell another division...
Taking stock of a rough holiday season, retailers are shuttering stores and trimming expansion plans as they stare down edgy consumers.
Industry analysts said Thursday that there was little mystery behind the plans announced by several chains this month. "We're in poor economic times, and when you're in poor economic times, retailers close stores" and reduce the number they plan to open, said Eric Beder of Brean Murray, Carret & Co. "That will accelerate into the second half of 2008."...
full article: http://www.latimes.com/business/la-fi-re...?track=rss&ctrack=1&cset=true