Jan 23, 2009
Big Business not working? PSHAWW!
In business news, there's going to be a lot more room in the malls. I'm talking about major retailers and corporations that are closing stores and filling out bankruptcy papers. I was checking out some news online and I saw a wondrous little Forbes article about what major retailers are going under. In these uncertain economic times it's not a surprise to see businesses close, but when it comes to big upscale shops and boutiques? It fills my heart with a warm glow. A couple ones the list included are such clothing retailers as Eddie Bauer and Gap Inc. I guess upbeat pop songs in commercials just don't do it anymore. Other victims of America's "Oh hey we don't have any money" revolution are Circuit City (which is kind of a shame, now Ledgewood mall in Jersey only has one store worth seeing, the guitar shop) Sears-K-Mart, and *gasp* Starbucks. Now, the Latter isn't going anywhere, but they are saying they're closing another couple hundred stores. Big shame because now we have to walk one extra block for a cup of coffee. Timberland is also suffering, but again, it's just closing some stores. Applebees was also on the list and Mrs. Fields Cookies. Regrettably, giants Wal-Mart and McDonalds are still thriving because they're cheap but with any luck people will start cooking at home or going to small shops. Personally I am a strong believer in what this country needs isn't another bail out or tax-cut. What it needs is the reemergence of main st., USA and smaller independant businesses. Think about it, the richies have enough money as it is, smaller businesses owned by the middle and working classes are suffering though and in turn the economy is in pieces. I think it's a bit late to say "I told you so" to these big businesses, but hey, why the hell not. I TOLD YOU SOOOOOOOOOO!!!!!!!
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