UPI Reports: 6,000 U.S. Retail Stores Predicted To Close In 2008

This may be the understatement of a lifetime. The bankruptcy filings of Movie Gallery (aka Hollywood Video); Lillian Vernon; and The Sharper Image have started us off on what may be a robust year of retail failures. With consumers tapped out, what will fall next? Or can the slack be picked up by offshore money taking advantage of a cheap dollar?
Trackbacks (1) Links to blogs that reference this article Trackback URL
Creditors' Resource - May 25, 2008 6:18 PM
As I reported earlier 2008 is a difficult year for retailers. What do you do when a Tenant files Chapter 11? Here are two important issues:I. Ensure Your Rights To PaymentII. Will The Lease Be Assumed Or Rejected? I. Ensure...
Comments (0) Read through and enter the discussion with the form at the end