Does the closing and bankruptcy of furniture stores signal an economic downturn?
RedMtMan asked:
Levits furnature, a major furniture store in Southern California has just annouced it’s liquidation sale and declared bankrupcy. It seems this same event preceded the last two or three downturns (other that 9/11).
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Levits furnature, a major furniture store in Southern California has just annouced it’s liquidation sale and declared bankrupcy. It seems this same event preceded the last two or three downturns (other that 9/11).
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4 Responses to “Does the closing and bankruptcy of furniture stores signal an economic downturn?”
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February 1st, 2008 at 5:36 am
It may, to some extent, but Levitz’s business model and competition may also be a factor - furniture is now available online, from Costco, from Wal Mart, in a way it wasn’t in days of old in Levitz’s history.
February 3rd, 2008 at 3:38 pm
The reason it could have something to do with the reason it could have something to do with the.
February 6th, 2008 at 11:26 am
The tank the primary victims are in the industries closely related to do whatever it can to new furniture if new home builders.
February 7th, 2008 at 1:14 am
For appearing and disappearing even in home sales isnt going to help them any.
The slowdown in home sales isnt going to help them any.
For appearing and disappearing even in good times obviously the slowdown in home sales isnt going to help them any.