Going out of Business
By glords
@glords (2614)
United States
November 26, 2008 1:46pm CST
Another one of our local businesses is closing down, and for the first time I've felt truly sad about loosing an asset to the community. Other businesses that I didn't frequent have already shut their doors, and I was actually kind of happy to buy a few "steals" at their going out of business sales. Yesterday I found out that our local sears is going out of Business. I love sears! It is where I buy all of my baby clothes, and presents for people with babies. They have cute affordable clothing for kids, and now, I'll be stuck shopping at Kohls or Walmart :(
How do you feel when your local businesses go under? Do you delight in the sales or feel like you are loosing something?
7 people like this
11 responses
@hildas (3031)
•
26 Nov 08
I live in a very small town and there is a lot of the good shops closing down. We recently lost a clothing shop where I bought a lot of my childrens clothes from. They had a closing down sale and I was in heaven that day, but now I really miss it and have to travel 23 miles away to another store.
It is really sad so many shops are going out of buisness. The rent, rates and electricity must be huge for them to pay and I think the goverments are too greedy with these expenses.
Yes! I really do love the sales and I am holding back on buying Christmas present as I want to get some bargins with the recession going on. I cannot wait until January.
@PrincessKitten (790)
• United States
26 Nov 08
Instead of driving 23 miles to buy clothes, have you tried your local thrift stores and yard sales?
Happy MyLotting!
@glords (2614)
• United States
29 Nov 08
Thrift stores are a great way to cut back expenses and save the planet, but sometimes you need something new, especially with children. They wear out their clothes so quickly. Good luck getting some good deals. I'm feeling bad because I didn't get the black friday deals. I was too lazy, but maybe there will be some really good going out of business sales right around the corner.
@Savvynlady (3684)
• United States
27 Nov 08
In order to buy anything, food, clothes, what not, I have to go into Mobile(which is a stone's throw) or two towns over just to buy stuff. We got a mall here, but not much activity going on in it. I even felt that a Walmart would be better served here in our town, but folks just go into the stores and steal and the folks get tired and leave out of there. It's just real sad. When the last little five and dime closed, I felt bad because I knew wasn't any other business coming back but what can you do if you have a sluggish business and worryng about getting robbed?
@ElusiveButterfly (45941)
• United States
27 Nov 08
When a business closes its doors it really makes me worry about our economy. Where will the people who work there find employment. Where will the patrons find the goods they need when they need them? How many more places will follow suit? Scary thoughts.
@glords (2614)
• United States
29 Nov 08
Exactly I saw on the TV yesterday that one of our local businesses laid off 500 people. Thats 500 people looking for a new job. I would guess that the Sears would have at least 100 more to add to that. That means 600 people looking for jobs that no longer exist. Its scary
@izathewzia (5134)
• Philippines
27 Nov 08
It is sad to know. But as the news says, because of crisis which the whole wide world is going through, many of economy will get affected. Meaning a lot of businesses will close down, a lot will become unemployed, and prices will goes up. Saddening but we need to adjust in order to cope with it.
@morningstar369 (495)
• United States
27 Nov 08
It is a very sad sign of the times. This has been going on for over a year. My Mom lives in Arizona and the stores are closing everywhere. Large and Small shops. Here I am seeing it happen more and more. In the area that I do all my shoping we havew lst a gas station, a car dealership, Mervyns is going out of business, a couple of restaurants. Thats in a 2 square block area. I have sold at craft shows for 38 years and I have never seen anything like this. We made it through a couple of recessions--nothing like this. It is happening everywhere.
@AmbiePam (120692)
• United States
26 Nov 08
If the store is a "mom and pop" type store I feel badly for them. I might go check out their sales, but I really don't shop much for anything but groceries anymore. I don't think too much of it if the store is part of a chain. Although I do think about the employess who have lost their jobs because of the closing. It doesn't matter what type of business, I always think of that.
@underdogtoo (9579)
• Philippines
27 Nov 08
I suppose we feel a little affinity with the people and places near our neighborhood. Businesses are also things that we feel a part of especially if we like going there to shop. I know what you mean. Cheers!!
@jason1308 (1586)
• France
26 Nov 08
Its sad when small stores, the independent traders go out of business, as they were once the lifeblood of the towns and cities, but in today's age, how many of us really consider shopping in the local store.
Most of us would rather drive to the other side of town, to the large shopping centers, and Hyper Stores which because of their clout, can undersell the small trader easily.
Unfortunately, right or wrong there is nothing any of us can do about it now, as I believe that it has gone too far.
Now of course a lot of the bigger players are now getting squeezed by the new virtual internet stores, which could change things once again.
And to top it all, we are now all heading (if we are not already in it) for recession, which will no doubt put all traders Big and Small into difficult times.
@Wordplay (239)
• Canada
26 Nov 08
I can't help but feel a bit of sadness when I see a store closing down, no matter what the size.
If it is a "mom and pop" type of store then I truly feel for those who are losing their livelihood, especially if the store has been a part of the community for many years.
Every so often, I see a business closing down and not be surprised in the slightest. Maybe the store had outrageous prices or a poor quality product or some other reason why people just didn't seem to shop there. Sometimes you can see it coming.
But when a store that is part of a major chain closes, it's a different feeling entirely. I don't necessarily feel bad for the employees in the same way as I would for the owner of a family-run business. Working for a chain store somehow seems less personal, and it is much easier to assume that the displaced employees will find jobs elsewhere. However, for a corporate giant like Sears to close an entire store...that can seem rather shocking. Business decisions like this are not made lightly, so you know they must be hurting for money. It's like watching a giant being taken down at the knees.
As for the sales...of course I will take advantage. They have to clear their stock somehow so I'm actually doing them a favour, right? And if I can help them and get deep discounts at the same time, all the better.
That's my justification and I'm sticking to it.
@PrincessKitten (790)
• United States
26 Nov 08
When a local business goes under, I deffinetly feel that there has been a major loss to the community, but it's one that the community doesn't really notice because we have two super wal marts.
You don't have to be stuck shopping at Kohls or Walmart, you can always find fabulous bargains at consignment stores or thirift stores. Yard sales are another good place to pick-up deals.
If you shop at a thrift store that is linked to a charity (Humane Society, Crisis center, Goodwill) you have the added satisfaction of knowing that you are benefiting a good cause.
Happy MyLotting!
@glords (2614)
• United States
29 Nov 08
I agree there are some excellent deals at thrift stores, but you have to be a thrift store expert, or you end up with worn out stuff people just wanted to get rid of. Perhaps people frequent the thrift stores more in Utah because they are always pretty picked over, but I have found a couple of great deals once or twice.










