Another one(s) bite the dust
As if we need more ways to compare this recession to The Great Depression, we are now "officially" in the second worst economic downturn as measured by companies going bust. In the past year we have seen 5 out of the 8 largest bankruptcy filings -- Lehman, WaMu, Thornburg Mortgage, GM, & Chrysler. Some more recent additions include Eddie Bauer and Six Flags.
So far in July -- Crabtree & Evelyn (long time producer of soaps and toiletries), restaurant chain Oceanaire Seafood Room, and over 10 CiCi's Pizza Franchises have filed for Chapter 11.
While I don't have a personal affinity for fancy soaps and shower gels (at least not one I'm willing to admit), I do love seafood and pizza, and sometimes I love seafood on my pizza. July is starting off rough for food lovers.