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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on February 19, 2009, 11:37:09 PM

Title: 220,000 stores may close this year in America.
Post by: Bindare_Dundat on February 19, 2009, 11:37:09 PM

http://finance.yahoo.com/tech-ticker/article/187534/Get-Ready-for-Mass-Retail-Closings?tickers=sks,^gspc,jwn,tif,zlc,jcp

About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it's clear there's too much retail space. Just visit Web site deadmalls.com and track retail's growing body count. And luxury retailers? They're on "life support," Davidowitz says.

Among the brandname stores Davidowitz says are in trouble:

Nordstrom
Neiman Marcus
Tiffany
Jeweler Zale Corp.
Saks
J.C. Penney
Sears


If only 5 people were employed by each retail store that would mean 1 MILLLION, 1 hundred thousend people would lose their job.

Title: Re: 220,000 stores may close this year in America.
Post by: MuscleMcMannus on February 19, 2009, 11:42:41 PM

I highly doubt Nordstroms will close.  they are a pretty niche market. 

Title: Re: 220,000 stores may close this year in America.
Post by: Bindare_Dundat on February 19, 2009, 11:52:41 PM

Quote from: MuscleMcMannus on February 19, 2009, 11:42:41 PM

I highly doubt Nordstroms will close.  they are a pretty niche market. 

I thought you'd be marching off to Washington with pitchfork in hand already.  ;) 

Title: Re: 220,000 stores may close this year in America.
Post by: MuscleMcMannus on February 19, 2009, 11:58:15 PM

Quote from: Bindare_Dundat on February 19, 2009, 11:52:41 PM

I thought you'd be marching off to Washington with pitchfork in hand already.  ;) 

Shit I'm in CA and the fucking Republicans sold the people out and raised our taxes.  A local radio station is trying to get a rally going.  So I gotta deal with the local tyranny first.   ;D

Title: Re: 220,000 stores may close this year in America.
Post by: Bindare_Dundat on February 20, 2009, 12:01:16 AM

Quote from: MuscleMcMannus on February 19, 2009, 11:58:15 PM

Shit I'm in CA and the fucking Republicans sold the people out and raised our taxes.  A local radio station is trying to get a rally going.  So I gotta deal with the local tyranny first.   ;D

 ;D

Title: Re: 220,000 stores may close this year in America.
Post by: Soul Crusher on February 20, 2009, 04:15:23 AM

Both parties are going to cause a mass revolt the way things are going.

CHANGE - FOR THE WORSE!