“I Mean…What?!?” – Abe Gurko

Shutter at the thought. Over the past ten years, retailers became drunken sailors, opening stores like they were going out of business. Well, you know what I mean. But it was the act of opening so many doors that they are now faced with the perception that they are failing miserably. In an effort to keep their heads above water, they have no choice but to shut down these superfluous outlets. The list is pretty serious. Saks Fifth Avenue is closing five department stores this year and the CEO hints that there might be more than that. They are experiencing… Read More »