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?