Retailers that may no longer exist in 2009 - Page 2

landhoney · 01-23-2009, 04:09 PM

"Better to let things bottom out naturally before regrouping. "*****'s plan will make it worse," he says. "We got into this by borrowing and stimulating, now he wants to borrow and stimulate more."" - from linked article above

I think these last sentences of the article are true, and that scares me. I deleted the name to keep off politics(you know what I mean), but regardless of whose plan it is, not sure it's the best. Failure happens for a reason, Govt throwing people's money at a private sector problem

01-23-2009, 07:00 PM

Quote:

Originally Posted by landhoney

"Better to let things bottom out naturally before regrouping. "*****'s plan will make it worse," he says. "We got into this by borrowing and stimulating, now he wants to borrow and stimulate more."" - from linked article above

I think these last sentences of the article are true, and that scares me. I deleted the name to keep off politics(you know what I mean), but regardless of whose plan it is, not sure it's the best. Failure happens for a reason, Govt throwing people's money at a private sector problem

I once had a dog and his name was B-I-N-G-O.

Genetic Defect · 01-23-2009, 07:02 PM

Quote:

Originally Posted by Tombstone

I once had a dog and his name was B-I-N-G-O.

what kind of dog was it?

omowasu · 01-23-2009, 07:12 PM

There is a lot working against retail - while the overall economy is #1, the ball actually started rolling when gasoline hit 4.00+ and diesel hit 5.00+/gal. That was a surprise for most and caused almost everyone to save in a panic.

Combine that with an ever-growing influence from major Web shops like Amazon (who dont have the brick-and-mortar costs and taxes), and retail is taking several punches. Amazon had their best Christmas ever - most other retailers hurt.

I always wondered where all of these strip malls and crazy retail overbuilding came from - it was a bubble that is bursting with housing. Hopefully there will be some sort of moderation soon or there will be a LOT of empty storefronts.

That said, I dont agree with most of that article. While I can see Sears Holdings hurting, some of the other retailers mentioned will be fine in the long run and many have positive cash flow. It was very speculative...

01-23-2009, 07:49 PM

Quote:

Originally Posted by andysutherland

Eff the World?

Not a bad philosophy to take toward some of these corporations.

Not really cause when they drop we bail them out

thinking about this makes me need a

Genetic Defect · 01-23-2009, 07:55 PM

Quote:

Originally Posted by andysutherland

Eff the World?

Not a bad philosophy to take toward some of these corporations.

ding ding ding we have a winner

01-23-2009, 04:09 PM	#21
landhoney Mr. Charisma Join Date: Oct 2008 First Name: Seth Location: In the forest Posts: 2,639 Trading: (32)	Re: Retailers that may no longer exist in 2009 "Better to let things bottom out naturally before regrouping. "*****'s plan will make it worse," he says. "We got into this by borrowing and stimulating, now he wants to borrow and stimulate more."" - from linked article above I think these last sentences of the article are true, and that scares me. I deleted the name to keep off politics(you know what I mean), but regardless of whose plan it is, not sure it's the best. Failure happens for a reason, Govt throwing people's money at a private sector problem

01-23-2009, 07:12 PM	#24
omowasu Fell ROTT Join Date: Jan 2009 First Name: Scott II Location: Chicago Posts: 288 Trading: (3)	Re: Retailers that may no longer exist in 2009 There is a lot working against retail - while the overall economy is #1, the ball actually started rolling when gasoline hit 4.00+ and diesel hit 5.00+/gal. That was a surprise for most and caused almost everyone to save in a panic. Combine that with an ever-growing influence from major Web shops like Amazon (who dont have the brick-and-mortar costs and taxes), and retail is taking several punches. Amazon had their best Christmas ever - most other retailers hurt. I always wondered where all of these strip malls and crazy retail overbuilding came from - it was a bubble that is bursting with housing. Hopefully there will be some sort of moderation soon or there will be a LOT of empty storefronts. That said, I dont agree with most of that article. While I can see Sears Holdings hurting, some of the other retailers mentioned will be fine in the long run and many have positive cash flow. It was very speculative...