Monday, December 20, 2010
U.S. retail bankruptcy storm.
By shrinking consumer spending and tightening credit markets double attack, the U.S. retail bankruptcy blowing wind, sounded taps thousands of retail stores, is expected to reshape the nation's malls and downtown shopping area suburban territory. .(Http://finance.) Since last fall, eight mostly U.S. medium-sized retail chain operators, is expanding and shrinking the huge sales of debt overwhelmed, and filed for bankruptcy protection. .Another notable place is that these Buzhidaodi retail chain industry different business projects, such as Levitz sells furniture, Sharper Image sells electronic products. .This unit is rapidly toward the United States Bankruptcy wind larger national retail chain industry. .The New York Times reported on Tuesday in the U.S. open 500 stores in 47 states of the bedding and furniture retailer Linens n Things, the fastest fear of bankruptcy in the week. .Even if there is no danger of bankrupt retailers, and sales offices are busy reducing the strength to preserve cash to weather the advent of long-term economic downturn may be. .Just last year, sporting goods chains in the United States pledged to turn off the 140 Foot Locker stores, clothing retailer Ann Taylor will start closing 117 stores out of action, jeweler Zales will have 100 stores out of business. .Surge in the cost of daily necessities has led to U.S. consumers tighten their belts, retrench expenditure. .Data released Monday show that the cost of food and gasoline squeeze other costs, so that we can spend on furniture, clothing and electronic products, the money left on the reduction in the sales of these items have serious impact on the industry chain. .The bankruptcy of U.S. retail blowing wind, it will trigger a domino effect, worthy of observation. .In the Sharper Image filed for bankruptcy, the company owed superior than the speed of the leading UPS (UPS) 660 million. .Levitz filed for bankruptcy, the arrears mattress industry Sealy140 million. .However, to find ways to absorb the loss is not just U.S. companies. .Domain furniture retailer filed for bankruptcy, it owed On Time Express The 90 employees Tempe, Arizona City, transportation and logistics company about $ 30,000. .On Time Express chief financial officer Muxi Er said that this is a huge loss of money owed if the see a single cent, already lucky..
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