US retailers to close hundreds of Stores

http://www.theinquirer.net/gb/inquirer/news/2008/06/24/retailers-close-hundreds-stores


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Information technology related companies that are closing stores include CompUSA going out of business, Sprint Nextel closing 125 locations, Movie Gallery closing 560 movie rental outlets, and bankrupt Sharper Image shutting down 90 to 180 stores.

Other retailers shutting down shops are: Ann Taylor, 117 stores; Eddie Bauer, 29 stores; Cache, 20 to 23 stores; Lane Bryant, 150 stores; Talbots, 100 stores; Gap, 85 stores; Foot Locker, 140 stores; Wickes going out of business; Levitz going out of business; Zales, 105 stores; Disney, 98 stores; Home Depot, 15 stores; Macy's, 9 stores; Pep Boys, 33 stores; Ethan Allen, 12 stores; Wilsons, 158 stores; Pacific Sunwear, 228 stores; Bombay Company, 384 stores; KB Toys, 356 stores; and Dillards, six stores. Sheesh kebab!
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Fri or Sat night. It's a vision of things to come.

seems to be mostly empty storefronts and bars

bars, banks, and second hand/thrift stores. And yet there is new construction, like a bigger bank.

good restaurant without at least an hour's wait. Now, you drive along Main St. in Hyannis and half the tables
in the cafes are empty.

Discretionary income seems to have flown out the window, along with our civil liberties.

Now if only I had money to take advantage :eyes:

it is the small privately owned business in small towns that are are more concerning.

of course here in western MA they are trying to spin it by saying the economy is not hitting us as hard as elsewhere (because we were impoverished before the turn of the economy!)

what's next stock market crash?

Maybe this will teach the rw greedy fucks a thing or two.

These fools at this very moment begging their flock not to sell short, that its all in your head. All the while glancing up at the big board with that bewildered look in their eyes as the Dow is plummeting to new lows and the oil ticker keeps ticking upward. You got to love it!!

Not that retail is not doing poorly now, but Home Depot is opening 36 new stores this year. Eddie Bauer is opening 13. These companies are not necessarily going out of business.

Including one near me. So I checked: "We're really a new company but bought the name. We don't honor the old COMPUSA warranties, but they can be handled a different way. We do sell warranties and have our own tech shop."

I will check them out because I always liked the stores that specialized in computers, with staff who knew something about them and shops that could work on them.

redundant, such as Lowe's and Home Depot, plus several more local hardware stores/lumber yards, I worry that this is development for development's sake. I have read stories of huge tracts of land elsewhere being developed with McMansions that either never get finished or never sell.