The Retail Industry in Dire Straits

According to retail consultant Howard Davidowitz of Davidowitz & Associates, approximately 220,000 stores may close this year in the United States.

As more Americans save and spend less, it’s clear there’s too much retail space.  Just visit Web site and track retail’s growing body count.  Any luxury retailers?  They’re on “life support,” Davidowitz says.

Among the brand name stores Davidowitz says are in trouble we have:

  • Nordstrom
  • Neiman Marcus
  • Tiffany
  • Jeweler Zale Corp
  • Saks
  • J.C. Penny
  • Sears

Yep, when things gets tough, tighten your belt and don’t open your wallet unless you really have to.  The worse is yet to come.  Good Day.

5 thoughts on “The Retail Industry in Dire Straits”

  1. Sure, Mr. Upegui. I wouldn´t be surprised if those stores send that merchandise to Panama at very low, prices. Tell your wife.

  2. Nooo, sir! Those “boutiques” are really inexpensive. Do thank the Lord she doesn´live where I do or, I´d surely invite her shopping… and you you would be so happy with your new Tommy H. bermudas for only $9.99. It is a wise way of saving money…

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