Another recession indicator: 15 major retailers have filed 4 bankrupcity this yr compared to 7 in 07

Liberal_in_LA

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Tue Sep-09-08 11:40 AM
Original message

Another recession indicator: 15 major retailers have filed 4 bankrupcity this yr compared to 7 in 07

http://money.cnn.com/galleries/2008/fortune/0809/gallery.kimes_retailbad.fortune/index.html

Shopping blues
Another recession indicator: Bankruptcydata.com reports that 15 major retailers have filed for bankruptcy this year, compared with seven in all of 2007. Here's a sample of recent victims.

Mrs. Fields
Barbeques Galore
Boscovs
Mervyns
Linen 'n things
Bennigans
Whitehall Jewelers
Sharper Image
Steve & Barry's

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marmar

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Tue Sep-09-08 11:43 AM
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1. And that party isn't over......

I expect that list to more than double as the Christmas shopping season goes bust.

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RB TexLa

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Tue Sep-09-08 11:45 AM
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2. Doesn't Mervyns file for bankruptcy every 3 years whether they need to or not?

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