Off-Topic: Retail Store Closings
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Name:
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Yankee06
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Subject:
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Retail Store Closings
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Date:
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9/25/2009 12:30:33 PM
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I'm not sure what all this means other then alot of stores have closed.
-We need some comparison numbers: for example, how many stores close each year? How many close in a regular recession year? How many Arby's (or whatever) close each year? Would Circuit City have closed anyway because of better and continually increasing Best Buy stores (I stopped buying at Circuit City years ago because their service stunk)? Some McD's closed, but how many more were opened?
-These numbers need context.
-Now the GM and Chrysler numbers are new and significant, and we all know the story behind them. Or.....maybe we don't. I'm still not clear on whether or not the alot of the Chrysler dealer closings were "politically" motivated. I read about that possibility. There was supposed to be some government investigation (fox and chichkens?). but I never heard much more.
-In any case, although these numbers are interesting, it's hard to make an assessment as to their true meaning without some context.
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