Who’ll Go Bankrupt Next?

where are these malls with no shoppers? my daughter and i went to the mall this weekend, we could hardly get a parking space and traffic was backed up going into the mall. this was columbiana center in columbia, sc. i don’t see the missing shoppers. where are they?

I can definitely see Pier 1 Imports going bankrupt soon.

You have to wonder about the companies going bankrupt. In Canada, I’ve shopped at Linens ‘n Things a few times – their prices are outrageous! I mean, I went looking for spatulas and other kitchen utensils and they were the platinum versions – I mean, $30.00 for a spatula to flip an egg that I could buy for the cheap at a dollar store or for a few dollars more at a Wal-Mart/Zellers or other department store.

Yes they may have sold quality products – but so many of these types of stores opened up because the competitors opened similar shops.

There is a limit to quality – why would I spend $500+ on a bed-in-the-bag set when you can find comparable quality for less at Sears?

Radio Shack was the same story – their prices were crazy. I worked there for a few years, and remember buying one of those 32k data bank thingies. The cost of the item was around $20.00 at the time, but they were selling it for over $100.00. Yes, I understand that they need to make a profit but their prices were always 30% or more than everyone else in town for the same item (I’m thinking things like TV, DVD/VCR etc.,).

I feel bad for those that lose their jobs when these companies go bankrupt, but had they (the company) better thought out their business plan and had done some additional market research then they could have spared themselves the cost of launching some of their ventures and concentrated more on their primary product lines or stores.

One company I worked for when I started in IT divested themselves of all their non-core holdings – they were a gas company that had holdings in plastics, chemicals and even some odd ball industries!

They survived, and thrived!

Mo

With the passage of Obama’s Porkulus bill, The United States of America will likely be the next casualty.

@Dave: How insightful & on-topic, tell us more! So tired of the Haters.

Now, on that list can Blockbuster really claim it’s all due to the economy? They were too slow & stupid to adapt to the times, let alone survive much longer regardless of any other factors. Kinda sucks to think Six Flags could go under, so many good times had at the one in Maryland. If they last through this Summer I’ll be sure to take my nephew, just in case it’s the last time.

A lot of these companies are closing because they were run horribly. The recession just sped up the process.