Shops to shut, brands to fold as bankruptcies soar
(NEWSER) - Shaken by a tough holiday season and bracing for more trouble, the retail scene may look very different in 2009, the Wall Street Journal reports. Some stores will be reducing inventory and cutting suppliers, which could force small manufacturers to fold. Retail bankruptcies could abound. "We will have a lot fewer stores by the middle of 2009,” said an expert. “It's happening very, very quickly.” More»