Saturday, Oct 25, 2008
The long-feared surge in bankruptcies in America is now under way
Economist via SOTT: Shutting up shop
THE Sharper Image store on Manhattan’s West 57th Street is sharp no more: its last state-of-the-art massage chairs and stylish humidifiers have been put in storage and its windows papered over. A few doors away, the assistant in the Sharper Image-like Brookstone shop seems unusually desperate to make a sale. In between, huge posters adorn the storefront of Metropolitan, an antique shop, proclaiming that it is “Going Out of Business”.
The economic downturn has struck at the heart of the world’s shopping capital, and not even the influx of foreigners taking advantage of the weak dollar has been enough to save Sharper Image or its neighbour.
source
http://www.sott.net/articles/show/168022-Shutting-up-shop-The-long-feared-surge-in-bankruptcies-in-America-is-now-under-way
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