Get Ready for Mass Retail Closings
Yahoo Finance
February 23, 2009
About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it’s clear there’s too much retail space. Just visit Web site deadmalls.com and track retail’s growing body count. And luxury retailers? They’re on "life support," Davidowitz says.
Among the brandname stores Davidowitz says are in trouble:
• Nordstrom
• Neiman Marcus
• Tiffany
• Jeweler Zale Corp.
• Saks
• J.C. Penney
• Sears
Read entire article
Research related links
Retail Sales Plummet
Store Closings: Symptoms of A Depressed Economy
U.S. Retail Sales Decline for a Sixth Month
Retailer bankruptcies set to prompt thousands of store closings
73,000 retailers to close in first half of 2009
25% of Retailers May Go Bankrupt
“Worst Is Yet to Come”: Americans’ Standard of Living Permanently Changed
Shoppers ready to call it quits
Another Neocon Demands Mass Amnesia
DHS Ready to Declare a “Period of Heightened Alert”
NORTHCOM Ready To Implement Martial Law
Texas CPS Ready to Snatch More “Polygamist Sect” Kids?
Yahoo Finance
February 23, 2009
About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it’s clear there’s too much retail space. Just visit Web site deadmalls.com and track retail’s growing body count. And luxury retailers? They’re on "life support," Davidowitz says.
Among the brandname stores Davidowitz says are in trouble:
• Nordstrom
• Neiman Marcus
• Tiffany
• Jeweler Zale Corp.
• Saks
• J.C. Penney
• Sears
Read entire article
Research related links
Retail Sales Plummet
Store Closings: Symptoms of A Depressed Economy
U.S. Retail Sales Decline for a Sixth Month
Retailer bankruptcies set to prompt thousands of store closings
73,000 retailers to close in first half of 2009
25% of Retailers May Go Bankrupt
“Worst Is Yet to Come”: Americans’ Standard of Living Permanently Changed
Shoppers ready to call it quits
Another Neocon Demands Mass Amnesia
DHS Ready to Declare a “Period of Heightened Alert”
NORTHCOM Ready To Implement Martial Law
Texas CPS Ready to Snatch More “Polygamist Sect” Kids?
