An article in the NY Times today discusses the future closing of hundreds of chain stores, due to flagging sales and looming bankruptcy. While the article doesn't go into extensive detail concerning the events that led up to the stores closing, it does provoke some thought about markets, and retail in general.
When markets become too bloated, the result is a sloughing off of the excess. Retailers who are able to adapt to customer demands survive. Most of the stores mentioned in the Times article were mid-priced- I wonder if that market is dying off completely?
Subscribe to:
Post Comments (Atom)
1 comment:
Very insightful, witty comments. Cool pics, too! Lovin' your blog. Thanks for visiting! And yep, that story was real, and yep, I was on the young-ish side. A little precocious, that's me.
Post a Comment