About 3,200 employees will lose their jobs because of the store closings.
I stopped by on Saturday and found that the store closing was already in full swing.
And such store closings have become frequent during the recession.
Analysts were mixed on the effects of the store closings.
The consequence, analysts said, is almost certainly a new round of store closings.
About 30 percent of the charge the company plans to take are related to the store closings.
He declined to say whether layoffs or store closings would be necessary.
All told, the store closings represent about 10 percent of the company's clothing businesses.
This is not just any store closing or a business folding.
That's like a store closing because there are too many customers.