Say it isn't so! How will the world survive without khaki pants and overpriced pea coats??? HOW??
According to wallstreet247.com, we'll have to find a way, because the Gap, along with 11 other major brands, including Borders Books (who would have thought?) will disappear by the year 2010 if sales don't pick up, and soon. Considering the current economy, I'm guessing this is not going to happen, so we'll just have to say buh bye to these giant retailers...
This actually kind of makes me sad. I know these are all giant chain stores that promote mindless consumerism, etc. etc, but these are also brands that have been around for a really long time, and to see our economy going so poorly that they have to close is pretty scary. And, more importantly, where will I go to get my 2010 kitten calendar if there's no Borders??
Anyway, if you want to see the full list of companies they expect to go under (you know, if you've had a good day and want to really take yourself down a notch) then click here.
Also, apologies for the lack of postings. I was too busy barfing all weekend to type much. Good times...!
Not to sound argumentative or anything cuz you're just posting and commenting on what you read, but Wallstreet247.com needs to check there sources..
ReplyDeleteI work for Gap, Inc. and trust me, it's not going anywhere in the next year... maybe five or ten years down the road things will get iffy, (for the entire economy, not just the big chains), but as it is right now, sure sales are falling, but sales are falling everywhere, in every facet of business, not just retail chains. So yeah, basically what I am saying is those damned overpriced khakis and T-shirts (that you can get at Old Navy for half the price, even though they are all made in the same building in the same country by the same underpayed worker...) are still gonna be around to tempt all the yuppies into spending money they cannot afford to spend. Hooray!