+++++ Empty stores seeming to be becoming more common now! +++++  |
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1. heathcliff (811)
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3 years ago
| | Around me I've noticed entire downtown areas basically deserted, but at the same time, I've seen hundreds of new business constructions and extremely crowded shopping areas in different areas. Business has changed, but is not missing. Companies need to change to remain profitable, but several compananies are making VERY bad decisions driving alot of people to fear for the financial future. An unnecessary panic is starting, though people should be watching company leaders alot closer than they have been! | | | | | | |
dreamhealer (450)
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3 years ago
| | Yes, I would concur with what you're saying here. In the UK, probably in the US too, the bigger businesses, particularly supermarkets, are still increasing their profits, though adjusting their 'offer' to today's more bargain conscious consumer. Overall, there is a downturn, but the businesses that can stay flexible and adjust quickly to the changing markets, will manage to keep going - providing their in the right market segments! Hope that makes some kinda sense! And yes, people at times do unnecessarily panic, though in the uncertain times we're in, it can be quite forgiveable! Will we get deflation or inflation or even hyper-inflation? With the amount of public debt the US and UK governments have, it's anyone's guess! Thanks for a thoughtful response... | | | |
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2. kelpie (166)
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3 years ago
| | The flea market that my dad has his business in is majorly empty now. There are businesses that were there for 4-5+ years that just packed up and left this year. It was sad to see them go. The economy hit hard in Wichita, Kansas, because it is still very tight around the aircraft businesses. Cessna is looking to sell, all aircraft industries laid off a major 10-20k people. And no temp job agencies are available, they say they don't even know if they'll have spots available next year, even. Here in colorado, where I live now, I haven't seen a major hit like Kansas, but there lots of houses for sale and lots of space for leasing. The malls seem to be holding strong, except for the desperate people in their kiosks. | | | | | | |
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3. LittleMel (7638)
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3 years ago
| | I noticed a couple more buildings on lease and houses on sale or sold. I don't go out much except for grocery and weekends so I might miss out some things. Last year in spring and summer I went out quite often for fishing etc, but this year we are tightening our budget so I don't go out as much anymore. Hubby said he noticed empty parking lots too, in front of offices and factories. | | | | | | |
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5. BishounenNerd (249)
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3 years ago
| | I've pretty much seen the same thing you have. It's harder for businesses to thrive in this kind of economy. I remember I was visiting the mall near my home, and there were iron bars over many of the storefronts, save for the major department stores on the ends of the building. However, it seems that it's certain parts of the country that are getting hit, and Illinois is one of them, considering the amount of corruption in that state. What adds insult to injury is that no one is hiring anymore, so it's incredibly difficult to find work. | | | | | | |
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6. savypat (13320)
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3 years ago
| | I had a rare occasion to drive around the big city near me and was astounded at how many businesses are gone, buildings now for rent. It does bring home how bad things are getting. I have just been focused on the amount of food we need to feed the hungry in our County. | | | | | | |
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dreamhealer (450)
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3 years ago
| | Yes, it seemed like "Woolies" has been around for ever. Unfortunately it has just not kept up with the times, the present economic climate has just delivered the "knock out punch". In recent years the supermarkets have all greatly expanded their non-food lines, Tesco, Sainsbury's, Asda (owned by Walmart) especially, seem to sell many of the things that Woolworths used to sell, and at greater convenience and lower prices! Another area where Woolworths have suffered is recorded music. With so many people downloading tracks and albums from the internet, this has really decimated Woolies trade. I think shops like Boots and W H Smiths have also been struggling. Of course something that has been happening for many years is the decline of independent shops, as the "squeeze" has increased from more and bigger supermarkets opening, new shopping centres/ malls opening with mainly 'chain' stores. I think that this current recession/ depression will be worse than in 1991, but I refused to be scared by it and will just learn to adapt to the more challenging times that all of us, have ahead of us. In some ways things could improve; as we get materially poorer, people will turn to each other for help more and so a greater sense of community should arise. When "peak oil" really kicks in, we will probably see quite a bit of "the end of the world as we know it" stuff from the media. If anything, I think that the times will definitely get more interesting.   | | | |
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8. CMTS_87 (928)
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3 years ago
| | I think this global crisis is giving everyone a hard time. And yes, closing down of establishments in different areas around the world is a normal thing nowadays. But of course we really need to work hard, as in very hard, to withstand this very challenging reality. Happy MyLotting! | | | | | | |
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9. kiss_me2070 (284)
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3 years ago
| | I am from Surrey and I notice that shops seem to be closing down week after week. A lot of retail outlets have been hit by the recession and credit crunch, and unfortunately a lot of stores have had to close. When these shops do close, they seem to stay empty for months. | | | | | | |
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