ALERT ON STORE CLOSINGS
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Below is a list one of my coworkers circulated of stores listing with Security Exchange of plans to close in the next month or two.
Note: There may be great sales AND if you have gift cards for chains that are closing entirely, use them now or they will be lost.
Some of these stores are probably only in the SE Pennsylvania/New Jersey region, but many are nationwide:
Ethan Allen closing down 12 stores.
Eddie Bauer to close stores 27 stores and more after January
Bombay closing remaining stores
Lane Bryant,, Fashion Bug ,and Catherine's to close 150 store nationwide
Cache will close all stores
Circuit City stores...
Dillard's to close some stores.
Disney closing 98 stores and will close more after January.
Footlocker closing 140 stores more to close after January
GAP closing 85 stores
Home Depot closing 15 stores 1 in NJ (New Brunswick)
J. Jill closing all stores
K B Toys closing 356 stores
Levitz closing down remaining stores
Linens and Things closing all stores
Loews to close down some stores
Macys to close 9 stores after January
Movie Galley Closing all stores
Pacific Sunware closing stores
JC Penney closing a number of stores after January
Piercing Pagoda closing all stores
Pep Boys Closing 33 stores
Sharper Image closing down all stores
Sprint/ Nextel closing 133 stores
Talbots closing down all stores
Ann Taylor- 117 stores nationwide are to be shuttered
Whitehall closing all stores
Wickes Furniture closing down
Wilson Leather closing down all stores
Zales closing down 82 stores and 105 after January.
This is only part true. I saw it on the news yesterday.
here is the snopes url.
http://www.snopes.com/politics/business/storeclosings.asp
Here is a link to the news article
http://www.thebostonchannel.com/news/18026552/detail.html
Snopes
The Boston Channel
Ditto. I do know that Disney is not just closing stores. My SIL works for the Disney company. The Children's Place bought them out a few years ago or so and basically almost put them bankrupt. Disney has bought back the stores and is in the process of overhauling them and trying to fix the mistakes of the Children's Place. They are clearancing out a lot of items, closing some stores, to come back with new products and re-vamped stores (in some places).
I love Ann Taylor....they can't be closing. 
Thanks for the updates and corrections. I am primarily concerned that people be careful about where they buy gift cards, and that they use up any gift cards hanging around from stores which are totally going out of business (like Linens & Things) or going into bankruptcy.
Oldest DD got hired into a chain store that turned around the next week and filed bankruptcy and with in a month she was out of a job. There was no warning to the store management that this was going to be happening, it came out of left field. The manager apologized to no end for hiring DD only to turn around and have to let her go. They employed 37 people.
We have lost several stores and restaurants, with out warning, over the last four months. A restaurants that had been in operation for 42 years closed Monday without warning, the people showed up for work and were told to go home. A doughnut shop did the very same thing last month, out of the blue it was closed. A small write up made the paper two days after they closed their doors. We have several chain stores that are talking closure if the Holidays don't bring around a huge profit. An on-line poll showed that the majority of people in our town are having a lean Christmas', many were leaving comments about buying little and donating to charity this year. The number of people that have signed up for assistance for the Holidays is the highest it has been since the 1940's. So it doesn't sound like the stores will be around after the New Year, because they aren't the type of stores charities would use to purchase gifts (they lean on the expensive side).
Our town has four major factories, all are doing lay offs (Whirlpool announced 570 layoffs beginning November 26th). The majority of our jobs are retail and restaurants positions and they are going under left and right. People just can't afford to shop or go out to eat around here. We are up against a double edged sword. All it takes is a drive down the street, or a walk through our non existent mall, to see the damage the current economy is leaving in this town.
Well I don't know about stores closing here in Vancouver where I live but I do know people are being laid off. My partner's son is one of them. He's an electrician and he was just laid off this week. There just is not enough work to go around and they're laying off the younger people with less experience..of course 
They announced two more closings in the paper tonight, one car dealership and a smaller company.
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