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alstry (36.17)

Simon Says.....No Delivery

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July 15, 2008 – Comments (1)

SimonDelivers To Shut Down Due To Soaring CostsNEW HOPE, Minn. (AP) ―

The innovative online grocer, SimonDelivers.com, says it will shut down in two weeks due to a spike in food and fuel prices.

The company president, Liwanag Ojala, writes in a letter to customers on Tuesday that economic conditions forced the company to make a very difficult decision.

The nine-year-old company from New Hope was known for delivering its green plastic bins of food door-to-door with bright yellow delivery trucks.

Customers made their orders on-line and were able to create custom shopping lists for weekly purchases. The food was often delivered the next day.

The company had grown to 300 employees. Nearly two years ago it gained a major competitor for Twins Cities customers when Lund Food Holdings Inc. entered the market.

A message left with the company Tuesday afternoon was not immediately returned.

http://wcco.com/consumer/simondelivers.closes.shut.2.771859.html

600 employees here.  300 there.  It starts to add up.  The small businesses keep shutting down.  The larger ones scaling back.  Commercial vacancies growing every month.  Each day the American economy gets smaller and smaller as our debt grows larger and larger.

As incomes fall and revenues shrink, servicing the debt becomes harder and harder.  It starts to consume a bigger and bigger percentage of revenues.....pretty soon it suffocates all incomes and there is little to nothing left to buy anything.

Add in rising costs the the problems are even worse.  This applies to individuals, businesses, and state and local governments.

As sales slow, the economy gets smaller.  As the economy shrinks, the value of our businesses decline.  As the value of our businesses decline, our wealth implodes.  As our wealth implodes, we have less to spend and sales slow even more.

Anyone know who is paying taxes this year?

1 Comments – Post Your Own

#1) On July 15, 2008 at 11:28 PM, alstry (36.17) wrote:

ANOTHER 500!!!!!

Spansion's Loss Widens

By LAUREN POLLOCK
July 16, 2008

Spansion Inc. said its second-quarter net loss widened and that it will cut more than 500 jobs as it works to improve its cost structure.

Shares of the Sunnyvale, Calif., flash-memory-services provider, which announced the results and job cuts after the close of regular trading, fell 3.5% after hours to $2.88.

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