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alstry (35.36)

DINKYTOWN SHRINKING!!!!!!!!!!!!!!!!!!!!!!!!!!

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September 25, 2009 – Comments (11)

The Dinkytown Hollywood Video rented out its final flick on Saturday night.

On Monday morning, a semi-trailer pulled up to empty out the store.

Irv Hershkovitz, co-owner of Dinkytown Properties, the company that owns the building, said he received no notification before the closing. While he said he hasn’t spoken to a Hollywood Video representative yet, he expects it was the result of declining sales.

The video store’s Dinkytown location had been open almost 11 years and had six years left on its lease, Hershkovitz said.

About a year ago, Hollywood Entertainment Corporation filed bankruptcy and closed 800 stores across the United States, Hershkovitz said.

“But they chose to keep this one open because it was doing well,” he said.

http://www.mndaily.com/2009/09/24/hollywood-video-closes

Irv,

I guess not well enough......sales must have really tanked over the past year.

What is happening to Dinkytown is happening all across America.

New Home Sales are DOWN 80%

Auto Sales are DOWN 50%

Office Sales in Manhatten DOWN 90%

Caterpillar Sales Down 50%

Steel Sales DOWN 50%

Corporate Tax Receipts DOWN 60%

Commercial Real Estate Contruction Grinding to a HALT!!!!!!!!!!!!!!!!!!!!!!!!!!!

And remember, many of the jobs scheduled to be cut and businesses scheduled to shut down are just shutting down now.....we havn't even started to feel the effects yet.....but you are prepared.  Don't listen to those doom and gloomers....it is not the end of the world, just the end of the world as you know it.

Ask yourself, what is the American economy if the Americans are not consuming???????

At this rate, pretty soon America will be a Dinkytown....unless we restructure.

11 Comments – Post Your Own

#1) On September 25, 2009 at 3:24 PM, ChannelDunlap (< 20) wrote:

9.09 DOWN 84%

MOAP DOWN 99%

Dear Lord when will this insanity end!  The MOAFP is just getting started!

(Thats Mother of All Failed Predictions, for those not playing along at home)

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#2) On September 25, 2009 at 3:30 PM, alstry (35.36) wrote:

When you can't make money producing, or make money lending.....the only way left is gambling:

US banks made $5.2B trading derivatives in 2Q

Now the FDIC, FHA, and Pension Guaranty are out of money.

For those that can't see MOAP......you just can't see.

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#3) On September 25, 2009 at 3:45 PM, Seano67 (37.97) wrote:

Do you live in Minnesota, Alstry? I only ask that because I've noticed you post a lot of news and links emanating from the Minnesota/Wisconsin area, and because Minnesota was where I spent the formative years of my childhood, and though I haven't lived there in 20 years, I'll still always consider it home.

Anyway, your Dinkytown headline sure caught the eye of this U of M graduate. Go Gophers!!!!

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#4) On September 25, 2009 at 3:52 PM, givmeabreak (29.11) wrote:

Alstry, I was wondering, when your MOAP fails by next Wednesday, will your new name contain the word Alstry? Or will you go with a completely new entity.

 I mean, come on, you as the operator of Alstry ain't goin' anywhere. As a lawyer, you will cling to the technicality of your statement and end "Alstry" blogging. But, there is no way you will stop blogging on the Fool.

What I will be curious to see is if people will propel your new entity into the top 10 bloggers too.

Will you make the announcement on your final Alstry post next Wednesday, or will it be a surprise on Thursday and we'll have to figure out what your new name is?

 

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#5) On September 25, 2009 at 3:55 PM, alstry (35.36) wrote:

I got the link from here:

http://www.dailyjobcuts.com/

It is amazing how many companies are going bankrupt, shutting down and firing workers!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Bailey , Banks & Biddle Jewelry Stores Possibly Closing 

Update : Rexam closing 2 US Plants early Next Year

Homer's Music and Gifts - 2 More Stores

Several Girl Scout Stores to Close

King's County Closing Animal Shelters 

Penske Logistics Closing Albany Plant - 81 Layoffs

Wiza Industries to close Muskego Plant 

Visteon to Close Eureka Plant - 94 Layoffs

The Channel Mark

Hollywood Video in Marshalltown

The Gift Garden

Rooms Express At Palm Springs

Clark's Dining Room in Ohio

WOW Furniture 

Entertainment Publications closing Sally Foster HQ

Hollywood Video in Dinkytown

Weinburg Dodge

Simmons Company 

Vaspian LLC

Quality Inn in Petaluma?

Dexia ( International ) - 554 by 2011

Virginia Beach Circuit Court - 11

Greenheck Fan Company - 70

US- Mexico Border Patrol - 384?

QL2 - 18

Black & Veatch - 69

Caesars Windsor Casino - Employees worried about layoffs

St Mary's County Health Department - 12

Austrian Airlines - 500

Kodak Colorado - 60

Bosch Plant in Lincoln Township - More Layoffs Coming

City of Troy - Looking at Layoffs

Administration of Child Services - 300

The Medical Center of Central Georgia - 200? 

Rhino Records - 30 to 40

Wadsworth Public Library - 7

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#6) On September 25, 2009 at 4:02 PM, PaxtorReborn (29.59) wrote:

DINKYTOWN SHRINKING!!!!!!!!!!!!!!!!!!!!!!!!!!

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#7) On September 25, 2009 at 4:18 PM, givmeabreak (29.11) wrote:

Alstry, answer my question.

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#8) On September 25, 2009 at 4:19 PM, alstry (35.36) wrote:

Savient is TOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Savient laying off 38 percent of staff

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#9) On September 25, 2009 at 4:32 PM, catoismymotor (35.54) wrote:

A company with a toilet for a business model closes shop in the middle of the night without notification? My God! This never ever happens under any circumstances. The Zombulator must not have been kind enough to rewind!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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#10) On September 25, 2009 at 4:32 PM, ChannelDunlap (< 20) wrote:

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

What happens when CAPS runs out of exclamation marks?!  MOAFP!

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#11) On September 25, 2009 at 4:41 PM, catoismymotor (35.54) wrote:

#10 - They raise capital by selling themselves a piece at a time to China.

Beware the Szechuanator!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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