It’s been a tough quarter for regional retailers based here in the Pacific Northwest. They’ve all suffered from the same soft sales that the economy has imposed on national retailers, and we had a sever winter storm that knocked out a lot of the traditional holiday shopping days this season. Now we’re starting to see the fall out.
Many great independent retailers are closing their stores. In my neighborhood, a wonderful local store called Cheeky B had to call it quits and liquidate their inventory. In an all to common scenario, their out of state landlord wasn’t interested in working with them, and instead will try to find new tenants looking to risk opening a store in this economy.
Worse, the regional chains are taking a beating. (more)Continue