Comments on: Retailers Biting The Dust – where you WON’T be shopping in 2009 http://www.thewisdomjournal.com/Blog/retailers-biting-the-dust-where-you-wont-be-shopping-in-2009/ Wise Choices. Improved Finances. A Better Life. Sun, 05 Feb 2012 12:01:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Start-Up http://www.thewisdomjournal.com/Blog/retailers-biting-the-dust-where-you-wont-be-shopping-in-2009/comment-page-1/#comment-8713 Start-Up Wed, 28 Jan 2009 18:46:21 +0000 http://www.thewisdomjournal.com/Blog/retailers-biting-the-dust-where-you-wont-be-shopping-in-2009/#comment-8713 I'm going to miss circuit city. I know they've been best buy's ugly step daughter for a few years now, but they always had great deals if you paid attention. If I were a retail chain or a small business owner I would try to save some earnings when times are good so that downturns in the economy don't put me out of business. Although that's much easier to say than to do. I’m going to miss circuit city. I know they’ve been best buy’s ugly step daughter for a few years now, but they always had great deals if you paid attention.

If I were a retail chain or a small business owner I would try to save some earnings when times are good so that downturns in the economy don’t put me out of business. Although that’s much easier to say than to do.

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]]> By: Start-Up http://www.thewisdomjournal.com/Blog/retailers-biting-the-dust-where-you-wont-be-shopping-in-2009/comment-page-1/#comment-8712 Start-Up Wed, 28 Jan 2009 18:25:43 +0000 http://www.thewisdomjournal.com/Blog/retailers-biting-the-dust-where-you-wont-be-shopping-in-2009/#comment-8712 They'll fill them with tax collection agencies to collect all those new taxes that have to start rolling in to pay for all this government spending. I'm sure they'll fill up once the economy recovers, they always do. They’ll fill them with tax collection agencies to collect all those new taxes that have to start rolling in to pay for all this government spending. I’m sure they’ll fill up once the economy recovers, they always do.

]]> By: Admin http://www.thewisdomjournal.com/Blog/retailers-biting-the-dust-where-you-wont-be-shopping-in-2009/comment-page-1/#comment-8708 Admin Tue, 27 Jan 2009 20:38:42 +0000 http://www.thewisdomjournal.com/Blog/retailers-biting-the-dust-where-you-wont-be-shopping-in-2009/#comment-8708 Vetted. Now that's an overused word this year. I bet our new President wished he had "vetted" some of his appointments a little better ... but I digress. My source was Forbes magazine, not emails. I never received an email. What specifically wasn't true in the post or in the Forbes article? The post dealt with stores that are closing, not cash flow. I'd be willing to bet the employees that worked at the closed stores wish some of that daily cash flow was still coming to them in the form of a paycheck. Charming Shoppes (Lane Bryant, Fashion Bug, Catherines) closed 150 stores in 2008 <strong>(Matches the number on Snopes!)</strong> and plan to close 100 more in 2009. Eddie Bauer closed 29 stores in 2008 (8% of all stores). <strong>Matches the number on Snopes!</strong> Timberland closed 40 stores in 2008 (16% of all stores). Not mentioned on Snopes. Ann Taylor closed 60 stores in 2008 (6%) and plans to close another 57. <strong>Matches the number on Snopes!</strong> Zales/Piercing Pagoda closed 105 stores in 2008. Analysts predict Zales won't make it. <strong>Matches the number on Snopes!</strong> Pep Boys closed 33 stores in 2007 but they're in poor shape according to Forbes analysts. Snopes claimed it was 31. Personally, when it comes to business, I'll accept Forbes over Snopes. Sprint Nextel closed 125 locations in 2008 (9%) and according to the article, probably need to close more. <strong>Matches the number on Snopes!</strong> Starbucks closed 600 stores (several near me!) and plan to lay off another 1,000. Not mentioned on Snopes. Tweeter threatened to start dishonoring gift cards but a pack of state's attorney generals somehow "convinced" them to continue honoring them until the end of the year or until its stores close. No mention on Snopes. PacSun closed 74 stores in 2007 and 153 demonstration stores (16%) in 2008. <strong>Matches the number on Snopes!</strong> GAP closed 85 stores in 2008. According to Snopes, they can't decide if they're closing stores or opening them. Which one of these isn't true? Looks pretty well "vetted" to me. I'm relatively certain that my post didn't hurt any of these retailers and didn't drive any sales away. If I had that kind of power, I'd be pretty jazzed! Vetted. Now that’s an overused word this year. I bet our new President wished he had “vetted” some of his appointments a little better … but I digress.

My source was Forbes magazine, not emails. I never received an email. What specifically wasn’t true in the post or in the Forbes article? The post dealt with stores that are closing, not cash flow. I’d be willing to bet the employees that worked at the closed stores wish some of that daily cash flow was still coming to them in the form of a paycheck.

Charming Shoppes (Lane Bryant, Fashion Bug, Catherines) closed 150 stores in 2008 (Matches the number on Snopes!) and plan to close 100 more in 2009.

Eddie Bauer closed 29 stores in 2008 (8% of all stores). Matches the number on Snopes!

Timberland closed 40 stores in 2008 (16% of all stores). Not mentioned on Snopes.

Ann Taylor closed 60 stores in 2008 (6%) and plans to close another 57. Matches the number on Snopes!

Zales/Piercing Pagoda closed 105 stores in 2008. Analysts predict Zales won’t make it. Matches the number on Snopes!

Pep Boys closed 33 stores in 2007 but they’re in poor shape according to Forbes analysts. Snopes claimed it was 31. Personally, when it comes to business, I’ll accept Forbes over Snopes.

Sprint Nextel closed 125 locations in 2008 (9%) and according to the article, probably need to close more. Matches the number on Snopes!

Starbucks closed 600 stores (several near me!) and plan to lay off another 1,000. Not mentioned on Snopes.

Tweeter threatened to start dishonoring gift cards but a pack of state’s attorney generals somehow “convinced” them to continue honoring them until the end of the year or until its stores close. No mention on Snopes.

PacSun closed 74 stores in 2007 and 153 demonstration stores (16%) in 2008. Matches the number on Snopes!

GAP closed 85 stores in 2008. According to Snopes, they can’t decide if they’re closing stores or opening them.

Which one of these isn’t true? Looks pretty well “vetted” to me.

I’m relatively certain that my post didn’t hurt any of these retailers and didn’t drive any sales away. If I had that kind of power, I’d be pretty jazzed!

]]> By: Daniel@youngandfrugal http://www.thewisdomjournal.com/Blog/retailers-biting-the-dust-where-you-wont-be-shopping-in-2009/comment-page-1/#comment-8704 Daniel@youngandfrugal Tue, 27 Jan 2009 17:20:44 +0000 http://www.thewisdomjournal.com/Blog/retailers-biting-the-dust-where-you-wont-be-shopping-in-2009/#comment-8704 Ron, I'm surprised to see that you posted this without really vetting it. http://www.snopes.com/politics/business/storeclosings.asp I'm an employee at one of those companies, in the treasury department... handling all of the day to day cash flow... and we aren't doing as poorly as Forbes and the forwarded e-mails would have you believe. Yes, some of those stores have already filed for bankruptcy, but quite a few aren't doing as poorly as this leads you to believe. In fact, by you posting stuff like this it hurts and discourages sales from some of the companies that would otherwise need them. -Daniel Ron, I’m surprised to see that you posted this without really vetting it. http://www.snopes.com/politics/business/storeclosings.asp

I’m an employee at one of those companies, in the treasury department… handling all of the day to day cash flow… and we aren’t doing as poorly as Forbes and the forwarded e-mails would have you believe.

Yes, some of those stores have already filed for bankruptcy, but quite a few aren’t doing as poorly as this leads you to believe. In fact, by you posting stuff like this it hurts and discourages sales from some of the companies that would otherwise need them.

-Daniel

]]> By: Dan Massicotte http://www.thewisdomjournal.com/Blog/retailers-biting-the-dust-where-you-wont-be-shopping-in-2009/comment-page-1/#comment-8699 Dan Massicotte Mon, 26 Jan 2009 20:58:14 +0000 http://www.thewisdomjournal.com/Blog/retailers-biting-the-dust-where-you-wont-be-shopping-in-2009/#comment-8699 Re: If you learned that your income would drop 50%.... Good point. I'm going to keep that one in mind for all time, since the economy always has high's and low's. Re: If you learned that your income would drop 50%….

Good point. I’m going to keep that one in mind for all time, since the economy always has high’s and low’s.

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