Out of Business From Recession in OC (Anaheim, Orange: closing, tax)

[Soccersupporter]

Originally Posted by Fontucky

I believe it was last year when the Boston Market in SJC shut down. Does last year count?

We still have Boston Markets here in TX.

[kruledent]

Originally Posted by hsw

Agree, deep recessions are great for "cleansing" economy of weaker companies and workers...and upgrading to better, harder-working workers and better-managed employers...ultimately benefits the consumer of any goods or services...

Need to fire more government workers, arguably some of most overpaid, yet laziest/most inept employees in country...the best refuge for lazy/inept people to escape a deep recession

Suspect most US middle-income consumers were spending money they didn't really have on various junk from retailers...prob healthy for consumers to shop for stuff that offers better value/utility...and save more for retirement, kids' education and weak economies when job is esp at-risk

Here's the problem with "weaker" companies going out of business... it will eventually cause complete chaos or destroy our country.

In order for to stay competitive, companies need to keep prices low. The only way to reduce prices is to reduce labor costs (outsourcing, reducing wages, etc.)
The problem with this is that means less people can buy the products they produce.

When the system has more products than people can buy, recessions occur.
And smaller companies go out of business--which again causes more workers than employers. And the demand for jobs cause wages to go even lower.
Recessions and depressions will happen more frequently until final chaos or a change occurs.

We don't want the small business to fail. If anything our government needs to help small business.

[antibes]

Originally Posted by CMartel2

This post is so full of misinformation and an incomplete understanding of the economic realities the US (and the West) has gotten itself into that it's hardly worth addressing.

Hmmm...yeah I'm sure you have the real grasp! We've known for nearly 10 years that this country will land in this situation but americans think they are immortal. Americans have the poorest grasp in the world of the status of anything - least the actions of your own president. For how many years did EU try to let you people know there existed no WMD's in Iraq and this was not a valid reason to go to war there...? Oh no... you supported it and believed it was rightfully so.

In the eyes of the world, the US is like the little fat, loudmouth bully kid in a big family, who is about 12 years old, has an opinion about everything although he has zero life experience and always want to tell everyone else what to do every minute. And rule the whole household with sheer whining and bullying. In the end everyone just wants to smack him to make him shut up.

[antibes]

Originally Posted by killer2021

check this out:

Protectionist measures, really great huh?

Smoot-Hawley Tariff Act - Wikipedia, the free encyclopedia

And why on earth would one need to add tariffs to be a "protectionist"? You can have a better counter argument than that, don't you?

[Morphous01]

Originally Posted by Mach50

Yeah IKEA is one of the best stores in the world IMO.

I am sure the rich people will snub me for saying that, because it doesn't compare to Cantoni, Lingre Roset or Roche Bobois...

.... but I don't care, I love that place!

For kids furniture there is nothing else needed.

This is just my opinion but I use to work for IKEA and I find there furniture cheep. It looks nice and I LOVE the style of there products which seem to be whats called a contemporary look but it just does not last long...

At my mothers place we have furniture that is 70 years old and I once been to a persons home who had furniture that was 200 years old, like to see if IKEA's stuff could last that long.

Ive been told that there use to be a hole industry that made furniture by hand and solid wood somewhere in the middle of the country but its all dried up now because modern company's build there furniture in China to cut cost. For the most part, its nothing more then shredded up wood mixed with glue..lol

[Morphous01]

Originally Posted by kruledent

Here's the problem with "weaker" companies going out of business... it will eventually cause complete chaos or destroy our country.

In order for to stay competitive, companies need to keep prices low. The only way to reduce prices is to reduce labor costs (outsourcing, reducing wages, etc.)
The problem with this is that means less people can buy the products they produce.

When the system has more products than people can buy, recessions occur.
And smaller companies go out of business--which again causes more workers than employers. And the demand for jobs cause wages to go even lower.
Recessions and depressions will happen more frequently until final chaos or a change occurs.

We don't want the small business to fail. If anything our government needs to help small business.

You are right, we don't want small business to fail. I mean, I run a small business and I always talk to other small businesses, it's part of my job, and my report "live from the streets" is that if good small business start to go under to the point where only essential services are left then pretty much that means that means we are in a unprecedented situation.

I will admit, there is a over saturation of many business in the market as well as many business that render poor service. They should go to make room for better quality business. I'm sick of it, people spend all this time putting together a business plans and pie charts in Yale but give little time as to how they can improve the customers actual life!

The other issue is that the GOVERNMENT NEEDS TO STAY OUT OF THE WAY OF THE SMALL BUSINESS MAN/WOMAN.

[ImOuttaHere]

wow! I didnt know Club Libby was gone too! I havent been shopping much myself either and I am usually always at the mall. Someone I know recently went to South Coast Plaza and said it was like a ghost town in there, and it was on a Friday Night. Its scary. Hopefully this will all turn around soon.

[missionhome]

Pottery Barn and the Body Shop at Fashion Island both closed and did not renew their leases.

Illuminations, a high quality candle shop by Yankee Candle, will close at South Coast Plaza, the Brea Mall, and downtown Disney.

The Habit at the Lab near South Coast Plaza will close

Oceans 33 (restaurant), a small dress shop (forgot the name), and a sports memorabilia shop were gone at the Shops at Mission Viejo when I was there yesterday. I also noticed most of the little island cart retailers were not open or being occupied at all and the mall felt like it only had a few dozen people. I was in the food court and there were only ten other people in there. Valet parking is also only being done on the weekends and Friday night as foot traffic has gotten really low on weekdays and you can now get front row parking spots. The food court lot for example only had maybe 15 cars instead of the usually full lot.

[Charles]

Originally Posted by missionhome

I also noticed most of the little island cart retailers were not open or being occupied at all and the mall felt like it only had a few dozen people. I was in the food court and there were only ten other people in there. Valet parking is also only being done on the weekends and Friday night as foot traffic has gotten really low on weekdays and you can now get front row parking spots. The food court lot for example only had maybe 15 cars instead of the usually full lot.

Any chance this light activity could be seasonal, or due to weather, or due to the day of the week (Wednesday at 10AM versus Saturday at 4PM)?

[Axiom]

Originally Posted by missionhome

Oceans 33 (restaurant), a small dress shop (forgot the name), and a sports memorabilia shop were gone at the Shops at Mission Viejo when I was there yesterday. I also noticed most of the little island cart retailers were not open or being occupied at all and the mall felt like it only had a few dozen people. I was in the food court and there were only ten other people in there. Valet parking is also only being done on the weekends and Friday night as foot traffic has gotten really low on weekdays and you can now get front row parking spots. The food court lot for example only had maybe 15 cars instead of the usually full lot.

It's funny because I was expecting what you're describing when I stopped at the same mall mid-day, mid-week recently.

I found the opposite. Parking was no picnic and I had to wait in a line that rivaled pre-Christmas mayhem at Nordstrom. People were definitely out in force that day and they were buying. I was surprised.

I was also surprised to see Cinderella Cakes open a new location in RSM. It certainly seems like they cater to the discretionary income crowd.

Honestly I keep thinking I'll see more signs of the economic slow down I'm reading/hearing about around me, but I really haven't.