Re: Retailers that may no longer exist in 2009
 

"Better to let things bottom out naturally before regrouping. "*****'s plan will make it worse," he says. "We got into this by borrowing and stimulating, now he wants to borrow and stimulate more."" - from linked article above

I think these last sentences of the article are true, and that scares me. I deleted the name to keep off politics(you know what I mean), but regardless of whose plan it is, not sure it's the best. Failure happens for a reason, Govt throwing people's money at a private sector problem :rolleyes:

Re: Retailers that may no longer exist in 2009
 

I once had a dog and his name was B-I-N-G-O.

Re: Retailers that may no longer exist in 2009
 

what kind of dog was it?

Re: Retailers that may no longer exist in 2009
 

There is a lot working against retail - while the overall economy is #1, the ball actually started rolling when gasoline hit 4.00+ and diesel hit 5.00+/gal. That was a surprise for most and caused almost everyone to save in a panic.

Combine that with an ever-growing influence from major Web shops like Amazon (who dont have the brick-and-mortar costs and taxes), and retail is taking several punches. Amazon had their best Christmas ever - most other retailers hurt.

I always wondered where all of these strip malls and crazy retail overbuilding came from - it was a bubble that is bursting with housing. Hopefully there will be some sort of moderation soon or there will be a LOT of empty storefronts.

That said, I dont agree with most of that article. While I can see Sears Holdings hurting, some of the other retailers mentioned will be fine in the long run and many have positive cash flow. It was very speculative...

Re: Retailers that may no longer exist in 2009
 

Not really cause when they drop we bail them out :bh:bh:bh

thinking about this makes me need a :ss

Re: Retailers that may no longer exist in 2009
 

ding ding ding we have a winner