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The music is fading as HMV shuts stores.
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Rationalizing does not necessarily mean that Gap will shut stores.
Many retailers not shutting stores are scaling back plans for new ones.
Several internal entrances at the Citigroup Building, 54th Street and Lexington Avenue, to be shut; stores accessible only from the street.
Last year it spent £162m on rent, so shutting stores is expected to play a vital role in reducing fixed costs.
Krispy Kreme Doughnuts said losses narrowed in the second and third quarters after it shut stores that were poorly performing.
Schools are shut, stores closed, food is often scarce, and phone and power lines do not function.
Without a capital injection from investors, HMV must rely on raising cash via asset sales, as well as shutting stores and offloading expensive high-street leases.
J. C. Penney is shutting stores and securing better terms from suppliers at its Eckerd drugstore chain to cut costs as Allen I. Questrom, its chief executive, tries to revive sales.
Major chains have collapsed into administration this year while many others have been forced to seek legal agreements with their landlords to shut stores and slash their rent bills.
As many as 2,000 jobs are under threat as another high street retailer seeks to stay afloat by shutting stores and cutting its rent bill.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com