>>GOOD MORNING. ALL THREE RETAILERS CITING A
DROP IN SALES FOR THIS LATEST
ROUND OF CLOSURES. GAP, J.C. PENY, AND VICTORIA
SECRET ALL HAVING STORES INARDEN
FAIR MALL AND THE WESTFIELD
GALLERIA IN ROSEVILLE. WE’LL FIND OUT WHAT STORES AND
LOCAL LOCATIONS ARE ON THE LIST
OF THOSE BEING CLOSED. GAP ANNOUNCED IT WOULD CLOSE 230
STORES OVER THE NEXT TWO YEARS
AS PART OF ITS PLAN TO
REVITALIZE THE BRAND AND SPLIT
FROM ITS SISTER OLD NAVY. THE GAP CLOSURES WILL AFFECT
SPECIALTY GAP STORES WHICH
INCLUDE MALL-BASED STORES LIKE
THE ONE HERE. VICTORIA SECRET ANNOUNCED IT
WOULD CLOSE 53 MORE STORES. THOSE CLOSING COME AFTER 30
VICTORIA SECRET STORES CLOSED IN
2018. JCPENNEY SAID IT PLANS ON
CLOSING 18 FULL LINE STORES THIS
YEAR ALONG WITH NINE HOME AND
FURNITURE STORES. THOSE STORES ARE EXPECTED TO
CLOSE END OF QUARTER — END OF
SECOND QUARTER IN 2019. AND AGAIN WE COULD START FINDING
OUT TODAY THE STORES THAT ARE ON
THE LIST AND IF ANY LOCAL STORES
WILL BE CLOSED. THAT COULD BE HAPPENING AS SOON
AS TODAY. OF COURSE WE’LL ALL FIND OUT
WHAT IT MEANS FOR THE LOCAL
EMPLOYEES IF THEY ARE GOING TO
BE TRANSFERRED TO THOSE SISTER
STORES. OR IF THEY’LL HAVE TO LOOK FOR A
NEW JOB. THAT’S THE LATEST HERE I