Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (88822)	10/21/2008 3:12:08 AM
From: Proud Deplorable	Read Replies (1) of 116555

Linens 'N Things Canadian Operation Files for Bankruptcy as well. I import goods from China through one of LnT's suppliers but in recent weeks have reduced my inventories all the way down to within $3,000.00 in other words right down to the dust on the floor preferring to now ship whole pallets only by direct drop shipping. I sleep at night real well now. Business in almost all of Canada has dropped, with the exception of the Vancouver-Victoria area but in the next few weeks things will fall apart throughout the BC economy as well. Breaking News.....Owners of Whistler/Blackcomb are in financial trouble cbc.ca My Opinion......the 2010 Olympics will be canceled "Retailers to watch at Christmas include Walmart (WMT), Target (TGT), Sears (SHLD), and JC Penny (JCP) . Home Depot (HD) and Lowes (LOW) also have popular gifts for men. If the season shapes up as expected, sales and especially profits will be down at most of these stores as competition increases for fewer and fewer consumer discretionary spending dollars."

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