Retail Industry Collapsing

January 4, 2009

The signs are everywhere….in the malls, in the shopping plazas, in your local walmart, even online stores are not immune. The retail sector is in a downward spiral and it won’t be long before most businesses become insolvent.

The retail industry is the first aftereffect of the financial collapse of 2008, and it won’t stop here; the ripple effects will be felt by the wholesale industry, the manufacturing sector, and all public services which are funded by sales tax. It’s like a domino effect in motion and the consequences are grave.


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