Brace for More Retail Bankruptcies: June Sales Slump Across the Board

THIS IS A DEPRESSION........

Not to worry. If GM can make it through in 36 DAYS, any of these retail companies can do the same. Just call up your friend Obama. He gives the money with no strings attached, nothing to worry about. Why he'll even get you customers.

With so many breadwiinners in the unemployment lines it's no wonder retail sales are down. Looks like teens are going to have to get by with clothing and shoes from K-Mart and Walmart like they had to back in the old days. Too bad!

Don't worry; Obama will save us with socialism.

The NEW American Dream: start a business, fail at it, ask Obama for money, wish granted, let our kids worry about the repercussions. Thank you, Obama, but I've had enough of YOUR 'change'...

Let me understand the Semantics of what is going on? The DOW dropped 50% after Sep 08, little chance of re-Gains? Bankruptcies are up, Investors lose on Stock? Madoff gets 150 for bilking clients, but, they will get "some" returns? Now! What was the better Investment? Are we talking some sort of Sociaized Theft?

Govt will soon come up with a second stimulus of $700 Billion and that will begin the uptrend in Retail and Housing markets.

"Not to worry. If GM can make it through in 36 DAYS, any of these retail companies can do the same. Just call up your friend Obama. He gives the money with no strings attached, nothing to worry about. Why he'll even get you customers." Yea but he'll want 80% of your company

Our sales are down at all our properties throughout the US ... we make up for it by cutting employees and other large fixed costs ... we have stoped renovations putting multiple contractors out of work ... Our only solution is to pay the least amount as possible to maintain cash flows ... Why do you think sales are down ... people cant afford to pay there new taxes ... for us business owners the hurt will be to the banks and the employees not us ... Stop bailouts ... cut spending ... and watch the american people start to bring the economy back ... socialism only works until my tax dollars run out.

No credit card "free" money; no overvalued houses to HELOC. Where the hell is the consumer's money going to come from, to end this recession?

I agree we are in a depression. Obama and PPT just need to keep the float going as long as they can to deceive as many people as possible into believing a 3rd quarter recovery. Maybe 3rd quarter of 2020.

Stop spending more money ... lower taxes so I have an incentive to hire more employees instead of laying more off ... if I lay off an employee they cant spend money and retail sales slip causing the problem to get worse ... spending more money to get out of a deficit is a logical fallacy ... it is a slippery slope.

Look at the airlines...even with oil prices dropping, the stocks are continuing to go down. I think we need 36 day bankruptcies for them, then we can move on to the Vegas casinos. Shopping malls and retailers are just going to have to take a number and wait for "Stimulus Two, The Wrath of Pelosi".

Weak June sales is no surprise, as I predited onthis blog months ago, that we are entering phase II of the credit, fiancnial, crisis, recession,feeling the impact on soaring jobless rate at 9.4 % resulting plunging consumer, business spending, ( saving rate soared to 6.9 %and mortgage, credit default rate at 12 %, this down trend will continue through thsi year. It is overoptimistics that we will be out of recession in the current or final quarter, as soaring jobless, falling housing prices will drag recession longer details on www.osawh.com/macro.html www.osawh.com/mortdefa.htm www.osawh.com/recession.html

Learn how to sew.

Every week is seems like another store has closed in the neighborhood mall. The building I work in is now only 50% leased and was completly full just over a year ago. Over a half million people a week are still losing their jobs, so how can this economy improve? The Obama White House has got to stop the spending and in fact needs to cut taxes and reduce the size of government. No more bailouts and no more stimulis !

The headline says GM gets a second chance. What a screw job. Now these retailers are taking it in the caboose and who is going to look after them? This is where these politicians are very scarey. They will decide who survives and who does not. They did it with TARP. They are doing it with the PPIP. They are doing it with the Stimulus Package. They are doing it with GM and Chrysler. How many of you people that worked in the retail segment lost your jobs while others kept theirs? No, it is not fair. And, YES, you should be pissed off. Look to Washington and see how many of those dimwits care. I say we keep voting them into office. They haven't gotten all the money from the middleclass yet. They need a few more months. By 4Q2009 there is going to be 10% REPORTED unemployment and possibly 10.5% unemployment by the end of the year. These people are sitting on $500B of Stimulus money and they are shoving National Heathcare, Cap&Trade and all sorts of other expensive burdens on to the middleclass. How much more do you want to take before something gives?

I am making more money in 2009 than the previous 10 years, but spending FAR less. Our fearless leader has me scared to death. I am hording all my money for his HUGE tax increases. bottom line, when govt raises taxes, they lower the amount of tax money brought in. We need to impeach bozobama

I am making more money in 2009 than the previous 10 years, but spending FAR less. Our fearless leader has me scared to death. I am hording all my money for his HUGE tax increases. bottom line, when govt raises taxes, they lower the amount of tax money brought in. We need to impeach bozobama

The way I see it there are still plenty of people using plastic. I guess Mr. FICO doesn't know yet that people using cash are stabler than those using plastic. If they didn't pay so much to credit card charges, they would be out there buying more. Also paying cash is a more definite way of showing how well you manage your money. The sooner they get rid of their excess interest charges on their credit cards, the more they can save. Layaway is on its back. Retailers are coming around again to having merchandise being purchased one way or another. Layaway is the way to go.