When is Enough...ENOUGH!!!!!!!!!!!!!!!!!!!!!!
In the previous blog it was Mervyns and Linens n Things shuttering all of their stores now this from the WSJ:
Circuit City Stores Inc. is considering a plan to close at least 150 stores and cut thousands of jobs, as an alternative to filing for bankruptcy-court protection, said people familiar with the company.
Millions of additional retail square footage going dark as the parade of retailers shutting down gets longer and longer. It is clear we have too many retailers in America for current demand....the real question is how many do we need and high high will vacancies reach in the process?
My guess is that we will see similar behavior in the restaurant industry.....the problem is that retail and restaurants employ millions and millions of people......high commercial vacancies and high umeployment.......the entrepreneur who fugures out a solution will be rich.