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TMFEditorsDesk (< 20)

Another one(s) bite the dust

Recs

14

July 07, 2009 – Comments (8)

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.

 

8 Comments – Post Your Own

#1) On July 07, 2009 at 10:07 AM, ati2ud (31.96) wrote:

move along citizen, nothing to see here

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#2) On July 07, 2009 at 10:42 AM, TMFEditorsDesk (< 20) wrote:

Everyone is asking...who was that mystery blogger?  The answer, first-time poster and long-time exfoliating body wash fan Jordan DiPietro.

 

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#3) On July 07, 2009 at 10:45 AM, TMFPhillyDot (36.97) wrote:

It was me. Distracted by pizza and thoughts of exfoliating, I forgot to sign my name. Apologies for the early morning confusion.

-Jordan DiPietro

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#4) On July 07, 2009 at 11:00 AM, catoismymotor (< 20) wrote:

I used to love CiCi's Pizza. Cheap pizza and your early twenties go hand in hand. Now it attacks my bowels with axes and fire. I know, TMI.

 

Generally we have too many restaurants per person at the moment. Those that survive will thrive in coming years.

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#5) On July 07, 2009 at 11:31 AM, hall9999 (99.31) wrote:

  How many publicly traded companies go bankrupt in a year on average?

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#6) On July 07, 2009 at 11:55 AM, TMFPhillyDot (36.97) wrote:

Not quite sure about public companies, but the average amount of bankruptcies over the last 10 years (1998-2007) in the U.S. is about 1,376,815.

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#7) On July 07, 2009 at 2:03 PM, TMFKopp (97.82) wrote:

I've gotta say, every time I passed a Crabtree & Evelyn I wondered who exactly was shopping there. Kind of like the way I felt about Bombay Company (also bankrupt).

Also, there was something about the name Crabtree & Evelyn that made me think more about a moonless night in a foggy woods than refreshing soap products... but maybe that's just me being weird.

Matt

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#8) On July 07, 2009 at 2:16 PM, TMFEditorsDesk (< 20) wrote:

Haha, agreeing with Matt.  I also think of the Captain & Tennille.  

-Anand

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