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alstry (35.96)

GREEN SHOOTS EVERYWHERE!!!!!!!!

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17

July 16, 2009 – Comments (8)

Beleaguered southwestern grocer Bashas' filed for Chapter 11 bankruptcy protection Sunday night in an attempt to continue operations. The company announced 10 new store closings alongside the filing.

Premium children's clothing retailer Pumpkin Patch is reviewing its U.S. operations and will be closing around 20 of its 35 locations this summer.

Anchor Blue, a southwestern chain selling denim and other clothing, is closing and liquidating 46 stores.

Apparel retailer Abercrombie & Fitch is shutting down the Ruehl chain and closing all 29 doors.

Apparel retailer Talbots is selling the J. Jill line to a capital investment firm. Seventy-five of J. Jill's 279 stores will close as a result of the sale.

Southern restaurant chain Whataburger is closing 14 of its Florida locations due to the spending slump.

Brown Shoe, parent company of Famous Footwear and Dr. Scholl's, is closing more stores than expected due to the weak economy. Total closings may reach 70 locations by year's end.

AND PEOPLE WONDER WHY CIT IS IN TROUBLE....................

8 Comments – Post Your Own

#1) On July 16, 2009 at 11:03 PM, alstry (35.96) wrote:

FAKE VOLUME......WATCH OUT FOR THE TRAP DOOR

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#2) On July 16, 2009 at 11:13 PM, OneLegged (< 20) wrote:

The only green shoots, it seems, are under taxpayers' fingernails.  Something has to give if all of this market rallying is as fake as it seems.

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#3) On July 16, 2009 at 11:15 PM, alstry (35.96) wrote:

MORE FROM MR. SALUZZI

http://watch.bnn.ca/clip193943#clip193943

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#4) On July 16, 2009 at 11:32 PM, TMFUltraLong (99.95) wrote:

Weeds are green as well

UltraLong

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#5) On July 16, 2009 at 11:46 PM, SARG0N (27.21) wrote:

A plausible explanation for how the market is being held up. +1 rec

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#6) On July 17, 2009 at 1:34 AM, ralphmachio (26.45) wrote:

One legged, that was rich.

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#7) On July 17, 2009 at 7:27 AM, IIcx (< 20) wrote:

Great post alstry - rec +1

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#8) On July 17, 2009 at 1:56 PM, chk999 (99.97) wrote:

The US has been over-retailed for a long time now. The weaker ones are going to go under sooner or later, the traffic won't support them all.

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