Created Sun 25th Jan 10:53am PST by 
tarpash
tarpash 
What will be the next major retailer to go out of business?
Background: Background: http://www.forbes.com/2009/01/20/retail-bankruptcy-economy-biz-commerce-cx_tvr_0120closings.html
This market will settle based on an annoucement that any of these companies are going out of business. For the purposes of this question, a retailer "going out of business" is defined as ceasing all independent retail operations. For example, the Forbes article mentions the Sharper Image which recently closed all of its stores but plans to license some of its products through other retailers. A case like the Sharper Image's would be considered "going out of business" since it is no longer a traditional retailer.
To be clear, when one of these companies announces it will going out of business, the market will settle then, no matter how long it actually takes them to close all of their stores.
*Note: this is a re-created market.
This market will settle based on an annoucement that any of these companies are going out of business. For the purposes of this question, a retailer "going out of business" is defined as ceasing all independent retail operations. For example, the Forbes article mentions the Sharper Image which recently closed all of its stores but plans to license some of its products through other retailers. A case like the Sharper Image's would be considered "going out of business" since it is no longer a traditional retailer.
To be clear, when one of these companies announces it will going out of business, the market will settle then, no matter how long it actually takes them to close all of their stores.
*Note: this is a re-created market.
Settlement details:As reported by a major mainstream news source.
Forecast history %
| Eddie Bauer |
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| Pacific Sunwear |
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| Zales |
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| Lane Bryant |
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| Sears and/or Kmart (Sears Holdings) |
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| Pep Boys |
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| Timberland or Ann Taylor |
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| None go out of business by 12/31/09 |
|
Question suspends in 2 weeks
- Activity: H$35,005 |
- Predictions: 122 |
Comments: 3
Suspend date: Thu 10th Dec 9:05am PST (2 weeks to go)
Initial likelihoods: Eddie Bauer: 15%, Pacific Sunwear: 15%, Zales: 19%, Lane Bryant: 15%, Sears and/or Kmart (Sears Holdings): 8%, Pep Boys: 15%, Timberland or Ann Taylor: 8%, None go out of business by 12/31/09: 5%
Action history:
Created Sun 25th Jan 10:53am PST by tarpash
tarpash
Settlement requested Wed 17th Jun 1:47pm PST by 
horsefeathers
: Eddie Bauer declared bankruptcy
http://www.huffingtonpost.com/2009/06/17/eddie-bauer-bankruptcy-re_n_216944.html
horsefeathers: Eddie Bauer declared bankruptcy
http://www.huffingtonpost.com/2009/06/17/eddie-bauer-bankruptcy-re_n_216944.html
Settled as 'Eddie Bauer' Thu 18th Jun 2:55am PST by 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: Announcement of bankruptcy and sale was made Wednesday afternoon.
Thomson Reuters UPDATE 1-Eddie Bauer to file Chapter 11, get bought-WSJ 06.17.09, 02:26 PM EDT
http://www.forbes.com/feeds/afx/2009/06/17/afx6555931.html
bayoubear: Announcement of bankruptcy and sale was made Wednesday afternoon.
Thomson Reuters UPDATE 1-Eddie Bauer to file Chapter 11, get bought-WSJ 06.17.09, 02:26 PM EDT
http://www.forbes.com/feeds/afx/2009/06/17/afx6555931.html
Previous action withdrawn Sat 20th Jun 5:45am PST by bayoubear: Bankruptcy and sale did not result in Eddie Bauer closing, which is what was required for settlement.
Reopening for additional play, and settlement will be based on which company closes up and is no longer open for business.
bayoubear: Bankruptcy and sale did not result in Eddie Bauer closing, which is what was required for settlement.
Reopening for additional play, and settlement will be based on which company closes up and is no longer open for business.
Suspend date: Thu 10th Dec 9:05am PST (2 weeks to go) details 
Get widget!Predictions (122)
aland
predicted None go out of business by 12/31/09 (H$100 at 26%)
frogchop
predicted Timberland or Ann Taylor (H$100 at 4%)
rogerkniComments (3)
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Related News 
This news is selected automatically based on the question, its background, options and tags
This news is selected automatically based on the question, its background, options and tags
score: 10
Houston Chronicle 28 weeks ago
SEATTLE, May 8 /PRNewswire-FirstCall/ -- Eddie Bauer Holdings, Inc. (EBHI) today announced that it plans to host a conference call on Thursday, May 14, 2009 at 1:30 p.m. PDT (4:30 p.m. EDT
score: 10
TheStreet.com 28 weeks ago
Lampert was once considered the next Warren Buffett because of his financial acumen. Too bad the wizard behind Sears Holdings(SHLD Quote) chose to practice retail alchemy instead. The billionaire investor and majority stakeholder in Sears told investors
score: 10
MarketWatch 28 weeks ago
(GlobeNewswire via COMTEX) -- Pacific Sunwear of California, Inc. (PSUN: PSUN News , chart , profile , more Last: Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: , , ) plans to announce on Thursday
score: 10
Financial Post 28 weeks ago
was no assurance that the initiatives 'will be successful.' Oct. 20, 2008 Launched a US$295-million hostile offer for Pacific Sunwear of California, a 20-plus-year-old company that has more than 900 stores and outlets. As with its proposal to West 49,
score: 10
Chicago Tribune 28 weeks ago
Sears Holdings Corp. Chairman Edward Lampert regularly takes heat from investors for failing to articulate a strategy. And once again at the company's annual meeting -- the only time
Related Tags
The clothing retailer, which bought Lane Bryant from Columbus-based Limited Brands Inc. (NYSE:LTD) in 2001, said jobs will be eliminated at its Bensalem, Pa., headquarters along with brand headquarters elsewhere. Some open positions won’t be filled.
Spokeswoman Gayle Coolick said eight employees are being let go at Lane Bryant’s headquarters near Easton Town Center. Roughly 20 open positions won’t be filled at the office, which employs about 225 workers.
Charming Shoppes (NASDAQ:CHRS) said job cuts will save $12 million a year pretax in the fiscal year ending Jan. 30, 2010, offset by a $2 million charge to be taken in the fiscal fourth quarter.
The company in November unveiled a restructuring plan and said it hopes to save $100 million to $125 million over the next two years.
http://www.businessweek.com/ap/financialnews/D98TOP201.htm
Reopening for additional play, and settlement will be based on which company closes up and is no longer open for business.
So it's open for play again...
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