To: TSgt
Many of the companies overbuilt. Many locations are in marginal areas, now those marginal areas aren’t profitable.
5 posted on
06/30/2011 1:50:40 PM PDT by
GeronL
(The Right to Life came before the Right to Happiness)
To: GeronL
I’m glad Golden Corral isn’t on the list!.......
14 posted on
06/30/2011 1:54:28 PM PDT by
Red Badger
(Nothing is a 'right' if someone has to give it to you................)
To: GeronL
Many locations are in marginal areas, now those marginal areas arent profitable.
Like a KFC around here that just gave up the ghost. Wedged in between some railroad tracks and an abandoned grocery store, on a narrow street that leads to some crappy apartments, with no parking.
To: GeronL
Many of the companies overbuilt. Many locations are in marginal areas, now those marginal areas arent profitable. I think you have hit on the key that probably extends to many other stores and chains encompassing more than just restaurants (strip malls, office buildings, shops, etc.). I'm thinking this is why we are seeing the commercial real estate market collapse just like the housing market. Overextended and overbuilt. IMO many came through the booming late 80's and 90's thinking that the economy can grow and expand infinitely. I think many are having to learn a hard lesson to the contrary.
67 posted on
06/30/2011 2:24:22 PM PDT by
OB1kNOb
(Financial Repression.......it answers a lot of questions.....read about it on FinancialSense.com.)
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