Tuesday, November 24, 2009

After the holidays, filing bankruptcy may be only option for many retailers

Mac Slavo
November 24, 2009

SHTFplan contributors opined about the 2009 holiday retail season in The Recession in Pictures, with many coming to a similar conclusion to Alan Cohen, Chairman of Abacus Advisors.

From An Unbiased View of The Holiday Shopping Season:

Deep concern about both the credit crisis and cutbacks in consumer spending has translated into retail strategies marked by caution, Cohen noted. “Manufacturers produced less, and retailers ordered less. In the run-up to the 2009 holiday season, everybody was in a conservative mood.”