Holiday store closures (so sad) - TranceAddict Forums

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Posted by gehzumteufel on Nov-21-2008 19:31:

quote:
Originally posted by djjoshuaallen
exactly how you mostly feel? LOL

And restaurants are not all safe, Jess works at the Cheesecake factory, and they have been hurting big time.

Mostly, because there are a lot of people that DIDN'T overextend themselves, yet are getting shafted just the same.

Posted by DaveT on Nov-21-2008 21:39:

A ton of food places has been closing around the city. My favorite chinese place for lunch even closed. Booo

Dave

Posted by MR STROKE on Nov-22-2008 02:12:

Re: Re: Holiday store closures (so sad)

quote:
Originally posted by CReddick
Wait... this is bad?

Yes Disney store is amazing.

Posted by R!CH on Nov-22-2008 04:24:

quote:
Originally posted by diskodave
It's not 'over saturation' of consumer stuff... it's the economy. Credit freeze, consumer confidence at all time lows, massive layoffs spiking the unemployment rate, foreclosures, real estate mkt falling apart. No body wants to spend, spend, spend... and ALL retailers are getting hit hard, so they are forces to cut costs...

it's both... our economy has become heavily dependent on mass consumption, which has allowed the retail sector to over-saturate with success. now that people are actually paying attention to money because credit is drying up, the labor force is shrinking, and inflationary spending is making everything more expensive, the gravy train has broken down for retail and businesses are being forced to think efficiency (less inventory, less overhead). this is good for everyone except the employees that get cut, which is mostly students and kids anyway. lower cost structures for these companies means cheaper goods for you--even if that forces you to drive down an extra exit from the freeway to get to the next walmart. less outlets and inventories means less energy consumed, less waste produced, and less garbage to bury in 2 years when you throw that junk you just bought today out.

Posted by Gen3r4l1ty on Nov-25-2008 18:37:

quote:
Originally posted by DaveT
A ton of food places has been closing around the city. My favorite chinese place for lunch even closed. Booo

Dave

Yea, my fav Lebanese place had to close... Sucks cause they were RIGHT next to my apt.

Posted by Waterproofpaper on Nov-25-2008 18:41:

quote:
Originally posted by technofriik
Not all restaurants are doing well. My bf works at a higher end sushi restaurant and he's afraid he's gonna lose his job because business has been so slow lately and the owner is talking about maybe closing the place. Also, my bf tried to go eat at a restaurant in Koreatown this week that he had eaten at last week but it was already out of business.

People will always need to eat but they'll be much pickier where they eat when times like this happen.

Yeah.. any crawfish place over in the GG area is getting a lot less traffic. Even boiling crab, but instead of 2 hour waits, its just 1!

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