Retailers that may no longer exist in 2009
 

Scary.

http://finance.yahoo.com/family-home...t-Shop-in-2009

Re: Retailers that may no longer exist in 2009
 

It is the market correcting itself. And it is about time...prices have become far to inflated.

Re: Retailers that may no longer exist in 2009
 

Starbucks was the only one there that I feel won't shut down.

The others I don't even shop at.

Re: Retailers that may no longer exist in 2009
 

Was just reading another article that Progressive just lost $123 Million in December alone. Not the quarter, just December.

Re: Retailers that may no longer exist in 2009
 

Wow the mall near me would be about half empty.

Re: Retailers that may no longer exist in 2009
 

Starbucks wont shut down. They'll just shut a quarter of the stores. So in 2010, to get to the next one you'll have to go to the one kitty-corner to the one your at rather than to the one that was across the street.

Re: Retailers that may no longer exist in 2009
 

:tpd:

Not only that, but perhaps this will help shift our focus from being a nation of consumers to a nation of producers--producers of things that people actually want to buy, and at prices they can afford. Who really needs a $300 pair of sunglasses or an $850 purse or a $4 cup of freaking coffee? It might fit someone's desires or lifestyle, but not if that someone is only making $25k/year.

Re: Retailers that may no longer exist in 2009
 

:r

Sad, but true.

Re: Retailers that may no longer exist in 2009
 

:tpd:We have way too many people wanting to act like celebrities while they are only making 30k a year. Be responsible with your money.

Re: Retailers that may no longer exist in 2009
 

FTW

Re: Retailers that may no longer exist in 2009
 

Haven't had coffee today yet Perry?:r

Re: Retailers that may no longer exist in 2009
 

actually no, but I am readjusting my view on things.

Re: Retailers that may no longer exist in 2009
 

Definitely a lot of people in NY especially with champagne taste on a malt liquor budget. I used to be one of them. Well, I guess I still am to some degree although I have paid closer attention to the way in which I spend. I think the trend is consistently save, track your expenses, and be a comparative shopper. Living within your means is something I think everyone will benefit from.

Re: Retailers that may no longer exist in 2009
 

$30k millionaires

Re: Retailers that may no longer exist in 2009
 

Yup it's a bigger problem then then the news states. I'm sure you've all seen the help I'm in 200k debt shows (not house) guess what? There is one on your block, maybe it's you even.

That's not just the crazy guest on the show, you have them over for dinner. They are all over.

About the shut downs, just like it was "cool" to go in debt now it's "cool" to be poor. We had a study done of people who've had a 4-5% raise in the past year and considered them self "wealthy" on a 5-7% (or less in some cases) increase cost of living they are talking about "making ends meet" etc. I would suspect even with the turn down things won't be as bad as predicted. Not that it's smooth sailing.

I really wish I didn't loan my paper to class mate for our project or id cite it more, IIRC Uni Of Penn did the study.

What amazes me being college age is you see cut backs but stupid ones. Yea I don't get star bucks every morning, but I still have a new car. I made a pretty fair salary for a grad student, I know classmates making a lot less with nice new cars, even odder being a high % of us take the train.

Wow, I rambled a bit didn't I?

Re: Retailers that may no longer exist in 2009
 

For the win? How does that apply? :r

Re: Retailers that may no longer exist in 2009
 

guess again

Re: Retailers that may no longer exist in 2009
 

Alot of those dont offer anything for a niche market. Applebees offers food orderable anywhere, starbucks is just starbucks, Eddie Bauer has nice clothes but they are not a North Face or Patagonia. It is time to cull the fat from the market out there. American companies decided to become greedy and it bit them. Hate it for the people working for those companies.

Re: Retailers that may no longer exist in 2009
 

:tpd: Great comments

Re: Retailers that may no longer exist in 2009
 

Eff the World?

Not a bad philosophy to take toward some of these corporations.

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