Mervyns files Chapter 11

Mervyns Announces is having a going out of Business Sales at All Locations. When discount retailers start to fold in this economy, it only signals to me serious tough times ahead.

I reported on the K mart layaway program last night now this?

Things are going to get bad.

Related posts:

1. Layaway is Back First we reported K-mart is offering layway for the holidays and now there is a story in the WSJ. This...
2. Layaway at Kmart? Just saw a commercial for Layaway at K-Mart for Christmas gifts. Folks, times are getting really bad. ...
3. U.S. Jobless Rate Explodes Caterpillar announces fourth quarter profits drop by 32%. Caterpillar announces it will slash 20,000 jobs. Sprint Nextel announced they will...
4. Philly’s Foreclosure Prevention Program In November, the New York Times published a story about Philadelphia’s foreclosure prevention program. According to the Times, “Under the...
5. Banks Lower Fees Amid Criticism MSNBC reported last week that banks such as Bank of America and Chase are voluntarily curbing their fees as a...
6. New Home-Sales down Everyone has predicted the end of the super hot housing market. Now many of the industry leaders are starting to...
7. More Changes at ForeclosureIndustry.com Things are getting hairy for people who are trying to help homeowners. Here’s a personal example that I want to...