According to Forbes magazine, many retailers are at risk of bankruptcy or massive closures during 2009. These retailers may include:
- Sears
- Starbucks
- The Gap
- Eddie Bauer
- The Cheesecake Factory
All of these are major institutions in the North American and international shopping and dining world. Also of particular interest in the article is that 1/3 of women surveyed said that they would make no clothing purchases at all. That’s definitely a startling statistic and makes the higher retail chains such as The Gap especially under the gun. And while you may believe that Obama’s stimulus package may get people spending again, Howard Davidowitz, chairman of New York-based retail consultant and investment bank Davidowitz & Associates, suggests that the market bottoming out may be a better option for these retail giants. Interesting thought, though I don’t quite buy it. You can check out the article here
