Beware - Companies (Going Out Of Business)

Real Estate Agent with Realty ONE Group 65491

Going out of business

 Beware - Companies (Going out of Business)

 In 2008 I was burned by several companies Going Out Of Business, without a warning or a big wonderful sign like this.

 There are companies Going Out Of Business everywhere and all of a sudden.

 There are lists of companies that are Going Out Of Business over the Internet and through other sources.

 Please try to be very careful about doing advertisement in unknown magazines, small newspapers or certain business marketing scams. These people that scam prey on new agent's that have just be licensed.

 I have been informed to be careful not to buy gift cards also because many companies are going out of business.

 I have been burned by two different printing companies, one company that specializes in Corporate Credit and LLCs. And we just had a Law Firm (Throw us under the bus) just an expression when some one takes advantage of you.

 I will be blogging about these companies very soon in the future and they are all located in Las Vegas, Nevada.

 My suggestion to everyone when people are trying to sell you their services, (except Real State of course) I can't afford it right now. Or just say "No Thank you"!

 Please take a look at Regina Brown's past blog: Warning: Don't Buy Gift Certificates at these Stores for Christmas

 Robert Swetz

Posted by

Robert "Vegas Bob" Swetz  

Direct: 702.443.7156      

If you are interested in Investment Properties in Las Vegas and the State of Nevada I can help you with all your needs.

Las Vegas continues to be a very fast growing city with some great opportunities for employment, retirement and much more. Las Vegas is surrounded by many other places & cities of interest like Lake Mead, Salt Lake City, Zion National Park, Arches National Park, Grand Canyon, Los Angeles, Laguna Beach, Huntington Beach, Monterey Bay, Carmel, San Francisco, Newport Beach, San Diego, Reno, Phoenix, Yosemite National Park, Lake Tahoe and more.

"Have a Wonderful Day"


Robert (Vegas Bob) Swetz


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Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Watch where you buy gift cards.  A lot of that happened during the Christmas holidays.  Many retailers may be going out of business once their 2008 sales reports start getting made public.

Dec 29, 2008 11:20 AM #1
Edie Lomason
Michael Saunders & Company - Venice, FL

What about brokers going out of business?  This has been happening around here a lot lately.  Right now one of the biggest brokers in town has their main office in foreclosure.  We have sunshine laws in FL and can find all the recorded info online.

Dec 29, 2008 11:34 AM #2
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Rob - I have heard about this happening also.

Edie - Thanks for the tip, how can I find these links for Las Vegas?

Dec 29, 2008 12:02 PM #3
Susan Trombley
Trombley Real Estate - Wake Forest, NC
Broker/Realtor, Raleigh, Cary, Wake Forest, Youngs

I did not think of this one on the gift cards as Rob is writing about. Good one. Thanks for bring this information to our fore fronts.

Dec 29, 2008 12:03 PM #4
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Susan - My wife has retail stores and we did hear about these gift cards, I will have to edit it into my blog!

Dec 29, 2008 12:05 PM #5
June Piper-Brandon
Remax New Beginnings - Baltimore, MD
Piecing Dreams One Home at a Time

Realtors are known to be an easy sell and a lot of people try to target us with their products and services.  We should only be doing business with reputable service providers not the first person who calls our phone.  And, beware of companies saying they've talked to "so and so" or ones that say we are the people who handle your "some service" or ones wanting to renew your contract. 

Dec 29, 2008 12:05 PM #6
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

June - Thanks for the tip!

Dec 29, 2008 12:09 PM #7
Justin Ukaoma
Vizion KC - Kansas City, MO
Kansas City Real Estate Investments

It will be interesting to see how the retail driven portion of Christmas will change in 09.  With so many retail stores closing I'm thinking supply as well as the selection will be reduced.  As far as gift cards go I only buy the Visa ones.  Those appear to be safe for now.

Dec 29, 2008 01:12 PM #8
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Thanks for the tip Justin!

Dec 29, 2008 01:14 PM #9
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy

I know about the gift card thing... but it only makes sense that others are feeling the pinch, too.  I guess that might be an advantage of using credit cards... chargebacks. 

Dec 29, 2008 01:56 PM #10
Regina P. Brown
California Coast & Country Homes, Inc. - San Luis Obispo, CA
e-Pro Realtor
Dec 29, 2008 06:50 PM #11
Edie Lomason
Michael Saunders & Company - Venice, FL

Rob -

You would have to look into your county website and see if they list recorded documents.  I go into our county recorder website and can pull information by last name, corporation, etc.  We have sunshine laws which require everything to be available to everyone, no putting it where the sun don't shine. 

Dec 29, 2008 11:42 PM #12
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Regina - Thanks for the comment and I added your blog to the bottom of mine.

Edie - Thanks for the tip!

Lane - My wife's retail businesses are getting so many charge backs that we give discounts for cash sales.

Dec 30, 2008 08:46 AM #13

these are going out of business

Circuit City stores- 61 stores, the rest after January

Ann Taylor- 117 stores nationwide are to be shuttered

Lane Bryant,, Fashion Bug ,and Catherine's to20close 150 store nationwide

Eddie Bauer to close stores 27 stores and more after January

Cache will close all stores

Talbots closing down all stores

J. Jill closing all stores

GAP closing 85 stores

Footlocker closing 140 stores more to close after January

Wickes Furniture closing down

Levitz closing down remaining stores

Bombay closing remaining stores

Zales closing down 82 stores and 105 after January.

Whitehall closing all stores

Piercing Pagoda closing all stores

Disney closing 98 stores and will close more after January.

Home Depot closing 15 stores 1 in NJ (New Brunswick)

Macys to close 9 stores after January

Linens and Things closing all stores

Movie Galley Closing all stores

Pacific Sunware closing stores

Pep Boys Closing 33 stores

Sprint/ Nextel closing 133 stores

JC Penney closing a number of stores after January

Ethan Allen closing down 12 stores.

Wilson Leather closing down all stores

Sharper Image closing down all stores

K B Toys closing 356 stores

Loews to close down some stores

Dillard's to close some stores.

(and more)

Feb 05, 2009 10:57 PM #14
Teri Short
Emerald Isle, NC


Thought you might like this link; it's Clark Howard the consumer advocate, and he has a lot of great info on everything. I read that liquidation companies take over failing businesses and they don't really lower prices, just put up huge "sale" signs.




p.s. I was looking up 'going out of business' in active rain's search box for some info because I will be moving from Maryland to California this summer, and I'll be having my own sale. But it'll be a real sale not a phony markdown!

Jan 07, 2010 09:34 AM #15
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