Results of the failed Bush Presidency

[telcoman]

Subject: Nationwide store closings

Guess we had better be very careful of gift certificates this Christmas. Just in case you have them, use those Gift Certificates or you may lose them. STORE CLOSINGS AND LAYOFFS If you have gift cards, hurry up and use them!! Just passing this along - FYI Ann Taylor closing 117 stores nationwide. A company spokeswoman said the company hasn't revealed which stores will be shuttered. It will let the stores that will close this fiscal year know over the next month Eddie Bauer to close more stores. Eddie Bauer has already closed 27 shops in the first quarter and plans to close up to two more outlet stores by the end of the year. Cache closing stores. Women's retailer Cache announced that it is closing 20 to 23 stores this year. Lane Bryant, Fashion Bug, Catherines closing 150 stores nationwide. The owner of retailers Lane Bryant , Fashion Bug , Catherine's Plus Sizes will close about 150 under performing stores this year. The company hasn't provided a list of specific store closures and can't say when it will offer that info, spokeswoman Brooke Perry said today. Talbots, J. Jill closing stores. About a month ago, Talbot's announced that it will be shuttering all 78 of its kids and men's stores. Now the company says it will close another 22 under performing stores.. The 22 stores will be a mix of Talbot's women's and J. Jill , another chain it owns. The closures will occur this fiscal year, according to a company press release. Gap Inc. closing 85 stores. In addition to its namesake chain, Gap also owns Old Navy and Banana Republic . The company said the closures - all planned for fiscal 2008 - will be weighted toward the Gap brand. Foot Locker to close 140 stores. In the company press release and during its conference call with analysts today, it did not specify where the future store closures - all planned in fiscal 2008 - will be. The company could not be immediately reached for comment Wickes is going out of business. ;Wickes Furniture is going out of business and closing all of its stores, Wickes, a 37-year-old retailer that targets middle-income customers, filed for bankruptcy protection last month. Goodbye Levitz / BOMBAY - closed already. The furniture retailer, which is going out of business. Levitz first announced it was going out of business and closing all 76 of its stores in December. The retailer dates back to 1910 when Richard Levitz opened his first furniture store in Lebanon , PA. In the 1960's, the warehouse/showroom concept brought Levitz to the forefront of the furniture industry. The local Levitz closures will follow the shutdown of Bombay .. Zales, Piercing Pagoda closing stores. The owner of Zales and Piercing Pagoda previously said it plans to close 82 stores by July 31. Today, it announced that it is closing another 23 under performing stores. The company said it's not providing a list of specific store closures. Of the 105 locations planned for closure, 50 are kiosks and 55 are stores. Disney Store ow ner has the right to close 98 stores. The Walt Disney Company announced it acquired about 220 Disney Stores from subsidiaries of The Children's Place Retail Stores. The exact number of stores acquired will depend on negotiations with landlords. Those subsidiaries of Children's Place filed for bankruptcy protection in late March. Walt Disney, in the news release, said it has also obtained the right to close about 98 Disney Stores in the U.S. The press release didn't list those stores. Home Depot store closings. (E. Brunswick, Rt 18 just put up their closing sign) ATLANTA - Nearly 7+ months after its chief executive said there were no plans to cut the number of its core retail stores, The Home Depot Inc. announced Thursday that it is shuttering 15 of them amid a slumping U.S. economy and housing market. The move will affect 1,300 employees. It is the first time the world's largest home improvement store chain has ever closed a flagship store for performance reasons. Its shares rose almost 5 percent. The Atlanta-based company said the under performing U.S. stores being closed represents less than 1 percent of its existing stores. They will be shuttered within the next two months. CompUSA (CLOSED) clarifies details on store closings. Any extended warranties purchased for products through CompUSA will be honored by a third-party provider, Assurant Solutions. Gift cards, rain checks, and rebates purchased prior to December 12 can be redeemed at any time during the final sale. For those who have a gadget currently in for service with CompUSA, the repair will be completed and the gadget will be returned to owners.http://www.news.com/8301-10784_3-9834177-7html <http://www.news.com/8301-10784_3-9834177-7.html Macy's - 9 stores Movie Gallery - 160 stores as part of reorganization plan to exit bankruptcy. The video rental company plans to close 400 of 3,500 Movie Gallery and Hollywood Video stores in addition to the 520 locations the video rental chain closed last fall. Pacific Sunwear - 153 Demo stores 0A Pep Boys - 33 stores Sprint Nextel - 125 retail locations. New Sprint Nextel CEO Dan Hesse appears to have inherited a company bleeding subscribers by the thousands, and will now officially be dropping the ax on 4,000 employees and 125 retail locations. Amid the loss of 639,000 postpaid customers in the fourth quarter, Sprint will be cutting a total of 6.7% of its work force (following the 5,000 layoffs last year) and 8% of company-owned brick-and-mortar stores, while remaining mute on other rumors that it will consolidate its headquarters in Kansas . Sprint Nextel shares are down $2.89, or nearly 25%, at the time of this writing. J. C. Penney, Lowe's and Office Depot are scaling back Ethan Allen Interiors: The company announced plans to close 12 of 300+ stores in an effort to cut costs. Wilsons the Leather Experts - 158 stores Pacific Sunwear will close its 154 Demo stores after a review of strategic alternatives for the urban-apparel brand. Seventy-four under performing Demo stores closed last May. Sharper Image: The company recently filed for bankruptcy protection and announced that 90 of its 184 stores are closing. The retailer will still operate 94 stores to pay off debts, but 90 of these stores have performed poorly and also may close. Bombay Company: (Freehold Mall store closed) The company unveiled plans to close all 384 U.S.-based Bombay Company stores. The company's online storefront has discontinued operations. KB Toys posted a list of 356 stores that it is closing around the United States as part of its bankruptcy reorganization. To see the list of store closings, go to the KB Toys Information20web site, and click on Press Information Dillard's to Close More Stores. Dillard's Inc. said it will continue to focus on closing under performing stores, reducing expenses and improving its merchandise in 2008. At the company's annual shareholder meeting, CEO William Dillard II said the company will close another six under performing stores this year.

Be careful with purchasing extended warranties also

Damm Republicans Telcoman

[marlin29311]

Clearly the sub-prime mortgage crisis had nothing to do with this...it was obviously all Bush...COUGH COUGH SARCASM COUGH COUGH....

you done dropping partisan remarks yet?

Also note that the vast majority of those companies are in the dumper because of poor upper managment. Can't blame Bush for crappy CEO's and better competition from other compaines in the industry.

[slyedog240sx]

yep.It's Bushes fault that these companies mismanaged, overexpanded, and had brought up locations in failed areas.Better be more concerned with what we are typing on right now.If things are this bad, then when no one can buy car parts to upgrade their vehicle, then what happens when they can't pay add space on nico and other forums.Wait though, Obama will fix this all because we'll turn into socialists and everyone will support everyone.Get real.All companies fail, and cut back, and have to restratigise their next move.That's the nature of business.

[WDRacing]

He may be dropping this in Bush's lap, but he was Capt of the ship. My opinion is that the entire Gov had there eye closed and hands open. I think we can all agree that Gov as a whole failed us.

On the other hand, great point on the gift certs. Use or lose em...

[audtatious]

When Obama starts screwing up the economy Telco will still blame Bush and the Republicans. If the Dems have a SuperMajority and screw everyone then it will still be Bush and the Republicans.

It's the same broken record for Telco

[telcoman]

When Obama starts screwing up the economy Telco will still blame Bush and the Republicans. If the Dems have a SuperMajority and screw everyone then it will still be Bush and the Republicans.

It's the same broken record for Telco

Here is more

http://www.sun-sentinel.com/bu...story

Hey Matt

Why not tell us why you think McCain lost?

Telcoman

[Jesda]

You're so partisan even Democrats think you're a retard.

Obama, Frank, Dodd, and ACORN pushed for subprime loans that defaulted and harmed the availability short-term credit.

Bush, Pelosi, and the GOP's heavy spending did the economy no favors.

I'm not sure what part of this is hard to understand? You're like an angry dwarf with a closed mind.

[ishkabibble]

The actual source of the problem is non-CRA subprime and unregulated derivatives. CRA defaults were not enough to take the economy down. So, everyone is to blame.

[rmezz13]

i hate to be the bad guy, but some of those closings are because of new ones opening else where. Here in columbus we had a huge mall downtown close after 30+ years of being the spot because two huge malls opened just north and south east of the city, and the two out east and west expanded - but there were jobs loss and stores closed....

Also, some of those could be closed because of internet sales. If internet sales go up and store sales go down, close the store right? Internet shopping is huge these days. Last year mom did 90% of her x-mas shopping online, her first year shopping for x-mas online resulted in almost all of it bought online. You know how easy that makes things for the consumers and the producers. They save money on holding stores open everywhere, and less employees are required. Nothing is more convenient than having something brought to you. And that started booming in the Bush era....... The problems with the economy is fully fault of the banks/greed.

[hsckris]

You're so partisan even Democrats think you're a retard.

Obama, Frank, Dodd, and ACORN pushed for subprime loans that defaulted and harmed the availability short-term credit.

Bush, Pelosi, and the GOP's heavy spending did the economy no favors.

I'm not sure what part of this is hard to understand? You're like an angry dwarf with a closed mind.

I would say I agree with Jesda, but does it even need to be said? Does anybody actually ever agree with or respect anything Telco posts?

How many retarded threads will it take for the ban stick?

[Jesda]

The actual source of the problem is non-CRA subprime and unregulated derivatives. CRA defaults were not enough to take the economy down. So, everyone is to blame.

CRA is a cause, both directly and indirectly.

http://blogs.suntimes.com/home....html

http://www.lewrockwell.com/dil....html

[telcoman]

I would say I agree with Jesda, but does it even need to be said? Does anybody actually ever agree with or respect anything Telco posts?

How many retarded threads will it take for the ban stick?

Yes, ban anyone that you do not agree with. Ban everyone on the left and have a political forum with only those on the right.

Here go read some more on the failed McCain campaign

http://online.wsj.com/article/....html

Perhaps you would like to tell us why Dole lost in your state?

Telcoman

[Jesda]

I invited you to several deeper and more intellectual discussions, but you keep ignoring me.

Telco, you are an idealogue. Instead of debating and using your ability to reason, you play team politics like a rabid soccer fan.

[CakeDaddy]

Subject: Nationwide store closings

Damm Republicans Telcoman

great post I guess we got what we deserved for electing a half wit C+ plus student that lived off the legacy of his war monging dad. Im so grateful for last night and the turn out.

[hsckris]

I invited you to several deeper and more intellectual discussions, but you keep ignoring me.

Telco, you are an idealogue. Instead of debating and using your ability to reason, you play team politics like a rabid soccer fan.

I have done so as well. On one thread I even called you out. You asked for some proof of something (I forget), and I said I would gladly provide it if you provided clear, non-bias support for anything you say.

Don't act like I am just calling for a ban b/c I do or do not agree with you. I am calling for a ban b/c of the fact that you make countless threads & posts that have no legitimate sources or basis in non-partisan reality, and the truth of this statement:

You're so partisan even Democrats think you're a retard.... I'm not sure what part of this is hard to understand? You're like an angry dwarf with a closed mind.

[Rmuth25]

We honestly can not say if Bush was a bad president or a terrrible president right now. A good, sound judgement cant be given for atleast 5 years. Here is a little funny hypothetical though. If this Iraq democracy experiment works out, and it becomes safe, and secure ally of the U.S.(which I doubt, but still) and that neighboring countries see how great democracy is and the citizens of those countries push for it, then ironically Bush will go down as one of the greatest presidents. Everyone will be cheering how he had the courage to stand up to doubters and do what he believed was right. None of that is gonna happen though lol.

In the coupe forum, I said something to the effect of its not good to raise taxes and increase spending in a recession, and someone showed me a Paul Krugman link. Paul Krugman is the most partisan Economist ever, and will recite anything that Democrats say. His real speciality is actually in trading. The fact remains that after the stock market crash Government spending and tax increases did anything but help the economy.

I don't understand why so many people have this notion that the "new deal" after the stock market crash saved this nations economy. It did not snap the U.S. out of the great depression, it prolonged it. WW2 bailed out FDR's failed economic plans(which was pretty much just continuing what Hoover started with Government projects and such). More government intervention in a free market system is NEVER a good thing. The entire root of the global crisis is the loss in value of these mortgage securities because so many homeowners who banked on the value of their homes going up so they could turn it for a profit when their ARMs went up, but when that didn't happen and housing prices falled, they defaulted. Back in the 90s, Clinton and congress pushed for something called I think the community reinvestment act, which basically encouraged Fanny Mae and Freddy Mac to buy these risky mortgages from the commercial banks and thus encouraging those banks to give loans to very risky clients, with little down payment(if any) because they would just go and sell it off seeing none of the risk. Since these mortgage securities in Mae an Mac were backed by the U.S. government, investors all over the world saw these as a steal and a riskless investment with a high return.

I wish these "Republicans" in congress would get a copy of the Road to Serfdom and take a look in the mirror and realize what their actions have done.

[Cold_Zero]

Yes, ban anyone that you do not agree with. Ban everyone on the left and have a political forum with only those on the right.

Here go read some more on the failed McCain campaign

http://online.wsj.com/article/....html

Perhaps you would like to tell us why Dole lost in your state?

Telcoman

Howie,If we wanted you banned, you would have been banned a long time ago. But your not, ok? You really need to calm down. You are the poster boy of how we allow differing view points on this forum.bud