<p>Who's Closing Stores in 2010</p><p>By Tom Van Riper, Forbes.com</p><p>The worst seems to be over, but retailing is still a tough business. These companies closed a lot of stores in 2009, and are likely to be closing more this year.</p><p>Sources: The companies (spokespeople and websites), Davidowitz & Associates, About.com </p><p>Ritz Camera 2009 Store closures: 365</p><p>Outlook: Almost half the company's stores have shut down following a bankruptcy last year. The company has since been bought by private investors who continue to operate 375 stores as Ritz Camera & Imaging.</p><p>Waldenbooks/Borders 2009 Store closures: 110 (Q4 2008 to Q3 2009)</p><p>Outook: Amazon.com continues to wreak havoc on traditional booksellers. The Borders unit says it will close an estimated 200 stores during the three months ending January 31, for a total of roughly 300 Waldenbooks stores over the past 13 months, close to 70 percent of all outlets. Retail analysts at Davidowitz & Associates give Borders Group, plagued with losses three years running, a 50-50 chance of survival. </p><p>1 Blockbuster 2009 store closures: 300</p><p>Outlook: Part of a two-year plan to close 960 stores, about 13 percent of Blockbuster's 7,100 locations in the Americas. The company is trying to reformulate with kiosks and on-demand services that focus on hot new releases, but experts say the costs associated with the transformation will be too expensive to pull off without a bankruptcy. Shares have plunged from $10 to under a dollar a share since 2005.</p><p>Zale Corp. Fiscal 2009 Store closures: 218</p><p>Outlook: Jewelry has been hit very hard by the recession, with an estimated 2,000 stores closing last year throughout the industry. No official word on additional closings in 2010.</p><p>Jones Apparel Group 2009 Store closures: 69</p><p>2 Outlook: The company plans another 196 closures this year for a two-year total of 265. But with a rising shoe business and numerous off-mall outlet locations, the company figures to continue its recovery from the stock price plunge of late-2008 to mid-2009.</p><p>Starbucks 2009 Store closures: 566 (fiscal 2009, 12 months ended Sept. 27)</p><p>Outlook: Last year's cuts were part of plan to close 800 stores over two years, or about 10% of the total. Starbucks is ridding itself of excess and is poised to face an economic recovery with a stronger balance sheet. </p><p>KB Toys 2009 Store closures: 461</p><p>Outlook: Poor. Another mall-based Wal-Mart. Around since 1922, the company filed for bankruptcy in December 2008. It just stopped honoring gift cards this month.</p><p>3</p>
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