Posted by noncompos on January 03, 2009 at 11:43:00 from (71.36.97.241):
In Reply to: TSC closes down posted by Herman Chico on January 03, 2009 at 10:34:06:
While I haven't seen anything about TSC, a considerable number of chains are retrenching: closing stores they consider marginal producers, cancelling openings, and trying to sell locations partially or completely ready for occupancy. Remember, with the lead time between deciding to expand and actual opening, these expansion plans were laid when times were going well, and many chains thought the slowdown would be temporary and quickly over. Probably the only new openings will be in areas they think will be quickly profitable.
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