30 July 2008
Bennigan’s joins Linen 'n Things, Sharper Image and Ann Taylor on the Dead and Dying List
From the New York Times: "Several national restaurant chains were shuttered on Tuesday, possibly offering an early taste of what’s in store this year for businesses that depend on free-spending consumers whose budgets are now being squeezed...Other mall mainstays, like Linens ’n Things and Sharper Image, have also fallen victim to the economic pain, and retailers like Ann Taylor have said they will close hundreds of local stores." Bennigan’s has now joined Linen 'n Things, Sharper Image and Ann Taylor on the dead and dying list. Let us not live in denial until a loaf bread is $10 or much more, or not around at all.
Full New York Times article, "Restaurant Chains Close as Diners Reduce Spending"