Get Ready for Mass Retail Closings

let greenhouses, guns and gold be your god

Is Howard from the Borough of Queens, NYC? I like his passion about his work.

most likly add SCSS to the list as well.

With 70% of our economy consumer driven and most of that discretionary and a lot of the discretionary funded by credit, we have an economy with no legs. We have not hit a wall. We have fallen off a cliff! And our Federal government is trying to blow up a balloon, the economy, that has a large hole in it! The massive amount of so called stimulus dollars will simply escape into the pockets of the select few. The economy will not inflate until the hole is repaired. We have been living a lie for a decade where credit has been mistaken to be income. Now we have a double whammy...much reduced income and massive debt!!! This is not rocket science!!

what goes up always comes down HEHEHEHEHE!

WHEN IS......"MACYS"....Going down the TOILET??????

This guy is right on the money and there is even more to come.

nothing is everything!

Could this be the return of the Sabbath where shoppers and employees may have a day off to recreate, as in re-create?

Hey Aaron I think we've knocked the, "new" off, on the tab of tech ticker, don't you think? Rage on Howard. I love this guy.

Is Howard from the Borough of Queens, NYC? I like his passion about his work.

haha at least these guys know where the market is going http://neuralindex.com

Good riddance. We had too many stores anyway. I walked past a bankrupt Circuit City and even with massive closeout discounts, I couldn't think of a single thing I wanted to buy from them. Saw that one coming a couple of years ago, when Circuit City execs got rid of all their better sales people. People who work for these stores that are on "life support" have seen this coming for many months now--hope they can get some training in a different field.

It is time for Americans to take responsibility for their actions. Those who live beyonf their means, and expect something for nothing.........needs to have to do with out. Obama is trying what FDR tried, but back then, Americans did not want socialized America, they were willing to work hard for little money to survive................That is not America today. Obama trying to copy FDR will not work, this country has become to self serving, to liberal and worse to lazy to face the truth, each individuals greed is as much the problem as every large corporations. We have allowed the spending, the Democrats to push us into this attitude of the government will cure everything. Hog wash,more government is more problems, more spending and less for the working class. What we need is more self respect, more accepting of individual responsibility and LESS GOVERNMENT INVOLVEMENT. Watch and see, all of this monies, all of these bail outs, will not help the working man and women. Obama can not fix it with more give aways. Welfare has been a ruination nothing more than a reward for being non productive. Let the big companies fo Bankrupt, let the car companies go bankrupt, take the monies and use it for education, hiring of Americans for jobs , not giving more to illegals.

Is Howard from the Borough of Queens, NYC? I like his passion about his work.

This guy is hilarious

Anyone still think that this is a "trickle down economy" now?? Yeah the rich are still rich. The banks still have money. But when the middle class stops buying en mass...the economy shuts down. Aferall, Bill Gates can only own so many tvs.

Don't really care for Howard Davidowitz's overly emotional delivery. The smug GLEE with which he describes the gutting of major economic sectors is annoying. Further, he offer no real analysis, no other alternatives, no remedies, no strategies... Just (apparent) Schadenfreude. Please don't invite him back.

This mess is primarily the fault of the previous administration. It's pretty lame to blame President Obama when he hasn't benn in office for a month yet. Bush, much like Hoover, sat on his hands when everything started to go south because his cronie were still doing okay. It is very interesting that Obama is being welcomed with open arms in Canada today and Bush's car was egged on his last visit.

Overpaid retail CEOs don't get it (yet). Americans want high quality merchandise, so they go to fancy brick-and-mortar stores with good sales people to see, touch, smell and "price" the merchandise. When they decide what they want, they buy it on-line (e.g. Amazon) at a better price, possibly without shipping charges, and in many cases without paying local sales taxes. Everybody loves a bargain! Who loses? The sales people, whose work hours are reduced (if they are lucky) or who get "downsized" out of a job completely. And the local/state governments have less sales tax income to support schools, police, etc. Sadly, the CEOs probably keep their jobs, oblivious to how far out of touch and overpaid they really are...