This time last year I remember seeing lists of dozens of large and popular store chains going out of business in the first quarter of 2009.
Seeing as the economy isn't doing any better at this point in the year--and, in fact, is much worse--with unemployment numbers continuing to rise, home owners going into foreclosure, and state and local taxes going up, I thought I'd see if there was a list indicating or predicting what can be expected in the retail world after this holiday shopping season.
I found this interactive link. It's not looking too good--even from "untouchable," long-standing retailers! This just means countless numbers of jobs lost, less prosperity, and no turnaround. Obama....are you listening?????
(Click for slideshow of 65 different retailers/chains closing or restructuring)
Asked by Anonymous at 11:43 AM on Nov. 14, 2009 in Politics & Current Events
Answer by jewjewbee at 1:50 PM on Nov. 14, 2009
Answer by mancosmomma at 11:59 AM on Nov. 14, 2009
Answer by lovinangels at 12:08 PM on Nov. 14, 2009
Answer by LoriKeet at 12:08 PM on Nov. 14, 2009
Answer by chica679 at 12:11 PM on Nov. 14, 2009
Stores are full here but our town has not really been hit buy the recession. I was at Target yesterday and it was packed. Our town of 36k is doing well and I really feel for those who live in areas so hard hit. We took a huge hit about 6 years ago when the economy was doing well in the rest of the country. We adjusted and adapted. The country will improve but we won't be the same. Hopefully people will learn from our Governments spending habits you cannot spend more than you make. We all will be better off when our citizens and politicians learn that.
Answer by Anonymous at 12:17 PM on Nov. 14, 2009
Answer by lovinangels at 12:20 PM on Nov. 14, 2009
Answer by LoriKeet at 12:20 PM on Nov. 14, 2009
Answer by lovinangels at 12:23 PM on Nov. 14, 2009
Answer by tyme4me2day at 12:53 PM on Nov. 14, 2009