Sunday, January 04, 2009

The Recession about to show up in a Shopping Mall near you!

News from the front page of the San Francisco Chronicle states today that Shopping Malls across America will be closing in droves in 2009. You will be shocked when I tell you their predictions. According to Burt Flickinger III, managing director of New York consulting firm Strategic Resource Group, at least 200,000 stores and 2000 to 3000 Malls will close in 2009, the bulk of them in the next few months!

Have you ever seen these scale of cutback in your lifetime? That gives you an idea of the implication on the unemployment rate. Simply unbelievable and scary.

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