closures

Recently, we've bidden farewell to Borders, Circuit City and Linens 'n Things. Here are five more once-thriving chains that are probably doomed thanks to lousy management or just being in the wrong business at the wrong time.

The 63 restaurants Friendly's closed on Wednesday resulted in about 1,260 layoffs -- more than 12% of the company's 10,300 person workforce. Everyone from managers to dishwashers were told Tuesday evening that the following day would be their last at Friendly's.

Unlike the military base closures that occurred in the 1990s, the 20 bases that the government is scheduled to close next year come at a time of great economic uncertainty. Not only will the closures take a toll on already-suffering local economies but it could also send real estate markets in those areas spiraling further downward.

When Lowry Air Force base closed in 1994, the surrounding area not only lost a major employer (which supplied some 7,000 people with jobs) but it also took a big chunk out of the area's population -- and threatened its economy.

Retailer Target (TGT) will close all of its in-store garden centers by the end of next month. The 262 in-store garden centers are mostly located in Florida, California, Arizona and Nevada, The Florida Times-Union reported. They are a minority of the 1,800 Target stores in 49 U.S states. Once...

Retailer Great Atlantic & Pacific Tea Co. Inc. (GAP) said it would close 25 of its 429 stores. The 25 stores will close later this year, The Hartford Business Journal reported. The stores are located in Connecticut, Pennsylvania, New Jersey, Maryland and New York. The closures will affect...

Of three Slate spinoff sites launched in the beginning of 2008, two have already folded. Will The Root, a site targeting African-American audiences, succeed where its siblings failed? There's some reason to think it might.

How much is your local post office worth to you? Would you miss it if it disappeared? Do you depend on your local post office for services other than regular mail delivery and the purchase of postal supplies? These and other mail service-related questions will soon be a significant concern for many...

The Dow isn't the only thing shrinking as fast as your net worth; magazines have also been slimming down in recent months. Even Blender, which had always ran a song quote on its spine has given it up as it moves to fewer pages and a smaller binding. Blender isn't alone with the overall number of ad...