I was walking through 5th avenue, NYC. To my shock almost in every block there was either a store "Going out of business" or " Space available".
So I was thinking is this a opportunity or loss? Because Going out of business means good deals for good price "SALE" and Space Available means space to open a new sub-way, or pizzeria or any thing I want for a subsidized rent. On the other hand THE BIG PICTURE loss of jobs, no more stuff from those stores which I had cherished before or the deals which I might have got it because of GOB or SA which leads to "No Return" or "No Exchange".
let me list some stores that I know have gone out of business.
1) Circuit city went bankrupt.
2) Starbucks had announced sometime back that they will close some stores in NYC.
3) Ann Taylor also announced to close some stores(117 ?).
4) GAP :( as well.
5) 3 Manhattan post offices will soon go out of business.
6) levitz
7) Am watching CNN (11:39 am, April 01, 2009)Ali Velshi just said that GM most likely may go bankrupt - Chapter 11 (Re-organization of debt) Arghhhh
hmmm the list goes on actually. Considering we are just in the 17th month of recession and FYI The Great Depression went for 43 months...
WHEN ARE WE GETTING OUT OF THIS.
