Another one bites the dust.

[Midpack]

I feel bad for CC employees, but I always liked Best Buy much better, guess a lot of other people did too. This can only help Best Buy and any other electronics retailers...

[Nords]

Quote:

Originally Posted by Bestwifeever And troubles for malls in general: No. 2 mall operator warns of bankruptcy - Nov. 11, 2008

Around here they're the #1 mall operator.

It'll be interesting to see what happens to commercial real estate over the next couple years. The owner of our taekwondo dojangs has seen rents go up over 50% in the last couple years "just because" the landlords want to jack up the rent rolls and sell the place can do it. Unfortunately they got a little cocky with this last increase, so our two separate dojangs are ditching the two locations (and the two separate landlords) in favor of a third who'll cut a better deal.

I predict that rental storage buildings will be the next bargain...

[tangomonster]

10 days ago, Martha started a thread about Circuit City closing. Check out the additions to the latest list:

Ann Taylor- 117 stores nationwide are to be shuttered
Lane Bryant, Fashion Bug,and Catherine’s to close 150 stores 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

Scary, huh?

[REWahoo]

Quote:

Originally Posted by tangomonster Scary, huh?

I thought you were going to find something positive to focus on.

Please, for the sake of your mental health, step away from the financial news for a while.

[tangomonster]

Yup, you are right, REW---and it turns out that some of the news isn't even new news! Upon doing further research, it seems that some of these closings have been planned since last year....and some stores overexpanded. So---maybe this isn't all dire.....

Off to find something positive to focus on......the web cam with the puppies may do the trick!