Businesses closing? (Hattiesburg, Tupelo: sales, sales tax, restaurant)

[oldenfatt]

Are there a lot of businesses closing in your towns? Circuit City and Ruby Tuesdays are both closing in Tupelo, and there are rumors that a lot more will be closing soon.

[southernbliss]

I was told that Goodys in Hattiesburg ms. was closing.
I like that store.
they had some good sales.

[jsherman9901]

Originally Posted by southernbliss

I was told that Goodys in Hattiesburg ms. was closing.
I like that store.
they had some good sales.

From what I read, all Goody's stores are closing.

[jsherman9901]

Originally Posted by oldenfatt

Are there a lot of businesses closing in your towns? Circuit City and Ruby Tuesdays are both closing in Tupelo, and there are rumors that a lot more will be closing soon.

Aside from the fact that some people are losing their jobs (for which I am truly sorry), I can't say that I'm sorry another chain restaurant has bitten the dust. Ruby Tuesday, Chili's, Applebee's, TGI Fridays.... they are pretty much all the same. Crappy food & lousy service. I'll take a one-of-a-kind local restaurant any day.

[Scotslass]

No way that is crappy, i loved ruby tuesdays and applebees when i was in Tupelo. Why are they closing down??

The same thing is happening here to our retail industry due to the recession its very dire. It's sad.

Is MS effected badly by the recession or not as bad?

[jsherman9901]

Originally Posted by Scotslass

Is MS effected badly by the recession or not as bad?

That's pretty hard to say. I don't think we have seen the full effects of the recession yet. Even so, there are some companies closing their doors. The furniture industry in Mississippi, for example, has slowly been eroding over the past 10 years, primarily due to competition from China. I'm sure the recession won't be good for the plants that are left standing right now.

[Scotslass]

Originally Posted by jsherman9901

That's pretty hard to say. I don't think we have seen the full effects of the recession yet. Even so, there are some companies closing their doors. The furniture industry in Mississippi, for example, has slowly been eroding over the past 10 years, primarily due to competition from China. I'm sure the recession won't be good for the plants that are left standing right now.

That's sad, what about the engineering sector? My fiance is hoping to get into that industry back in MS.

The recession is hitting England worse than Scotland, we're not that bad yet but we've had stores close across the country and sales tax cuts. It's bad just now but i dread to see what it will be like at its peak. We've already lost the Bank of Scotland

[jsherman9901]

Originally Posted by Scotslass

That's sad, what about the engineering sector? My fiance is hoping to get into that industry back in MS.

Sorry, not being an engineer myself I don't know what to tell you about job prospects in that field. What type of engineer is he?

[Scotslass]

Originally Posted by jsherman9901

Sorry, not being an engineer myself I don't know what to tell you about job prospects in that field. What type of engineer is he?

He is a graduate in mechanical engineering.

[sunniq]

So far, the closings are chain stores. Only time will tell how far this will reach. The demand is for professional personal services from domestics to health care. Some entrepreneurs will surely become successful in opening their own business or 'reinventing' themselves.