Get Ready for Mass Retail Closings

Posted Feb 19, 2009 11:58am EST
by Tech Ticker in Investing, Products and Trends, Recession

go to the link for the video http://finance.yahoo.com/tech-ticker/ar ... if,zlc,jcp

About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it's clear there's too much retail space. Just visit Web site deadmalls.com and track retail's growing body count. And luxury retailers? They're on "life support," Davidowitz says.

Among the brandname stores Davidowitz says are in trouble:

Nordstrom
Neiman Marcus
Tiffany
Jeweler Zale Corp.
Saks
J.C. Penney
Sears
Plus, earlier we discussed:

Retail goods on sale -- perhaps permanently. http://finance.yahoo.com/tech-ticker/ar ... ,wfmi,cost

And the 'worst is yet to come:' Americans' standard of living permanently changed.
http://finance.yahoo.com/tech-ticker/ar ... 4a4.ll7ot4

http://finance.yahoo.com/tech-ticker/ar ... if,zlc,jcp