More Trouble In The Retail Sector

By
Real Estate Agent

 

Another sign of our troubled times.  Today a list of stores and businesses likely to close in the near future was released.

Some of them have been household names for generations.


At least 3 of them I love to patronize because of the manufacturers and brands they carry.  Our selections are beginning to shrink some more. Surely this is not a sign that our economy is recovering.

  • ZALES
  • ABERCROMBIE AND FITCH
  • GAME STOP
  • BARNES AND NOBLE
  • HOT TOPIC
  • DILLARDS
  • JC PENNEY
  • STEIN MART

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Rainmaker
1,406,727
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Bonnie, there are some big ones. If these close, who will be left.

Jan 22, 2010 07:33 AM #1
Rainer
245,450
John Rakoci
Eagle Realty - North Myrtle Beach, SC
North Myrtle Beach Coastal Carolinas

That 'hope & change' thingy is not working. Billions of stimulus money has been wasted. Today two democrats called for the Bush tax cuts to be extended. There may be hope yet if the shine is coming off obama.

Jan 22, 2010 07:34 AM #2
Rainmaker
455,926
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Bonnie - These are definitely the "times that try mens' souls."  We need leadership in DC, something that is sorely lacking on both sides of the aisle.

Jan 22, 2010 07:38 AM #3
Rainmaker
244,734
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Michael, I agree.  Macy's is in trouble.  Penneys has been such a staple. What big stores will be left?

Jan 22, 2010 07:45 AM #4
Rainer
125,171
Sandra White
John L Scott Real Estate - Port Townsend, WA
Experienced Residential Resale Broker

Bonnie, this has hit home in our tiny town with small shops and restaurants that were barely making it before this recession hit.  There have been many closings and a rumor that one of our only longtime downtown department store will be closing.  It saddens me every time I walk by one of these empty spaces.  Who will be left to pay the taxes to cover all Obama's entitlement programs?

Jan 22, 2010 07:48 AM #5
Rainmaker
244,734
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

John I heard about them asking to extend the tax credits as well.  Obama is oblivious and steam rolling ahead.

Jan 22, 2010 07:53 AM #6
Rainmaker
244,734
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

John M  I'm afraid we will not get leadership until after Nov.  I hope we can weather the storm that long.

Jan 22, 2010 07:55 AM #7
Rainmaker
244,734
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Sandra,  Penneys is an anchor store in our mall.  Barnes and Noble is much better than Borders.  Dillards is where I go for an upscale selection.  I'm really getting worried we will all be stuck with Walmart in the future.

Jan 22, 2010 08:02 AM #8
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Rainmaker
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Bonnie Vaughan

CNE SFR - Buyers/Sellers - Lackawanna & Surroundin
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