Retail Stores closing down

Many retail stores have either began to close stores or cut back on their original plans to expand their chain stores. Several of these stores were eager to make more money and made plans assuming that costumers would be spending as much as they did in a particularly good time in the economy.

Places such as home Depot have been feeling the pressure in their chain and are one of many stores that are cutting back on expansion. Construction has still been slow and has not helped business. Cutting down on sales floor space over the past few years from 4.9 percent to 1.5 percent has saved Home Depot $1 billion in construction in the next 3 years.

To see site:

http://www.nytimes.com/2008/05/02/business/02shop.html?ref=retail_stores_and_trade


-Jacky M.