Monday, January 12, 2009

Target is at it again...

Like a lot of other retailers, Target must be trying to get rid of all their old Fall/Winter merchandise. Fast. Because lo and behold, their "extra 30% off all clearance clothing" sale is BACK at selected stores. And while I can't imagine Target ever going belly-up, the Wall St. Journal is reporting today that retailers "drained by the worst consumer-spending slump in decades and burdened by debt" are expected "to begin a wave of post-holiday bankruptcy filings." Among those listed in trouble are Circuit City, Loehmann's, Duane Reade, Claire's, Bon-Ton and Bailey Banks & Biddle.

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