BeachBaby
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Tue Feb-10-09 08:55 AM
Original message |
Our local Fox affiliate just announced the expected corporate "shutdowns" for 2009. |
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As per Moody's Investor Services.
Rite Aid (100,000 employees) Claire's Stores (18,000 employees) Chrysler (55,000 employees) Sbarro (5,500 employees) Blockbuster (60,000 employees) Krispy Kreme (4,000 employees) Six Flags (30,000 employees) Sirius Satellite Radio (1,000 employees) Landry's Restaurants (Chart House, Rainforest Cafe) (17,000 employees)
I know this sounds shallow of me, but when I saw "Six Flags" on the list, I almost burst into tears.
For millions of us, all of those childhood memories will be just that - memories. :cry:
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HopeHoops
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Tue Feb-10-09 08:57 AM
Response to Original message |
1. Dang, with Murdock's huge loss I was hoping this thread was about THEIR shutdowns! |
Chan790
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Tue Feb-10-09 09:20 AM
Response to Reply #1 |
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that's less not more likely in this economy...NewsCorp had so much liquid-asset cash on-hand when all this started that they've been buying shite up on discount for months...they're reaping the fire sale. It only looks bad on paper because they're spending billions to buy things not worth billions in this economy (like the WSJ. Expect them to also make a play on all those newsprint-properties that the Tribune Co. is trying to dump.), knowing if they prop them up through the end of this recession that they'll make out like bandits as their undervalued cash-poor properties return to liquidity and value...those in the robber-baron class who weren't wiped out in the Great Depression did the same thing.
Large economic downturns tend to concentrate wealth, at least temporarily. What we need is to make the SOBs walk the plank.
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HopeHoops
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Tue Feb-10-09 09:37 AM
Response to Reply #9 |
14. Oh, I've got much better ideas than the plank, but they violate TOS on EVERY site ;} |
Orsino
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Tue Feb-10-09 10:12 AM
Response to Reply #1 |
15. Fox is how Murdoch protects his vast wealth... |
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...and ensures that the wealthiest one percent continue to get richer. Fox is about the last thing Murdoch would shut down.
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TZ
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Tue Feb-10-09 08:59 AM
Response to Original message |
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The Six Flags down here was bought out by Dan Snyder a few years back, I don't know if he has any hand in the national franchise or just the local one..
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madinmaryland
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Tue Feb-10-09 09:01 AM
Response to Reply #2 |
4. Six Flags down there is DTM! |
BeachBaby
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Tue Feb-10-09 09:06 AM
Response to Reply #2 |
6. They didn't mention them in singular entities. |
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Just the whole Six Flags Corp.
And then I started thinking about the big corporations around here - Tastykake in Philly, and Campbell Soup in Camden.
If they fall....oh man. I don't even want to think about it. :(
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TZ
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Tue Feb-10-09 09:18 AM
Response to Reply #6 |
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Yeah..then he's probably on their BOD... We are *fairly* recession proof down here but still...its scary.
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Phillycat
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Tue Feb-10-09 09:01 AM
Response to Original message |
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WHO'S GOING TO MAKE MY DONUTS NOW? :cry:
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BeachBaby
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Tue Feb-10-09 09:02 AM
Response to Reply #3 |
5. I've always been a Tastykake fan. |
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If they fall too, you and I can cry in our beer together. :cry: :hug:
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Phillycat
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Tue Feb-10-09 09:08 AM
Response to Reply #5 |
7. No, no. Krispy Kremes are snacks. Tastykakes are a food group. |
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DON'T EVEN JOKE ABOUT THEM GOING OUT OF BUSINESS! *pets her butterscotch krimpets*
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tabbycat31
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Tue Feb-10-09 11:50 AM
Response to Reply #5 |
16. tastykake better not fail |
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I don't eat processed food anymore but they bring back childhood memories. They were never available in NY where I grew up, but my grandfather would always mail us cases of them.
Since I've moved to NJ they've lost their lure (ok my waistline does not need to be expanded either).
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Bake
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Tue Feb-10-09 12:13 PM
Response to Reply #3 |
24. Now it really IS a DEPRESSION!!! DAMMIT!!! |
NJmaverick
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Tue Feb-10-09 09:21 AM
Response to Original message |
10. 6 flags is a big company BeachBaby, hopefully Great Adventure will still be in business |
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I suspect they are one of the more profitable parks. Here is the article explaining why all these companies are in trouble. http://finance.yahoo.com/news/15-Companies-That-Might-Not-usnews-14279875.html
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BeachBaby
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Tue Feb-10-09 09:25 AM
Response to Reply #10 |
11. I just read that a few minutes ago. |
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:(
Great Adventure is ALWAYS mobbed. I can't imagine it being closed down.
The Wild Safari has always been the highlight of my day there. There's nothing cooler than a giraffe sticking his head in your car window. :)
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NJmaverick
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Tue Feb-10-09 09:26 AM
Response to Reply #11 |
12. You know in all my trips down there, I never went through the safari part |
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I think I may have missed out on something.
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BeachBaby
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Tue Feb-10-09 09:29 AM
Response to Reply #12 |
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The monkeys are absolutely hilarious. When you drive your car through, it's quite common for them to hop onto your hood or roof and enjoy the ride. And sometimes they will stare at you through your windshield. It's the funniest thing ever! :)
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tabbycat31
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Tue Feb-10-09 11:54 AM
Response to Reply #12 |
17. I've never been to the safari or hurricane harbor |
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and I'm only 20 minutes away from Great ADventure
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NJmaverick
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Tue Feb-10-09 11:57 AM
Response to Reply #17 |
18. What is hurricane harbor? |
tabbycat31
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Tue Feb-10-09 12:11 PM
Response to Reply #18 |
23. Great Adventure's water park |
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I promised to take my cousins there. I may do that this year.
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Initech
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Tue Feb-10-09 12:10 PM
Response to Reply #10 |
22. True, Magic Mountain is a huge tourist draw here. |
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After all, its where they filmed the ending for National Lampoon's Vacation. "Moose out front shoulda told ya."
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graywarrior
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Tue Feb-10-09 12:01 PM
Response to Original message |
19. I can understand Rite Aid and Blockbuster |
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but isn't Krispy Kreme a stape in the south?
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Tektonik
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Tue Feb-10-09 12:04 PM
Response to Reply #19 |
20. The problem is they tried to become a stape everywhere else |
graywarrior
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Tue Feb-10-09 12:07 PM
Response to Reply #20 |
21. No one can compete with Dunkin Donuts in the northeast |
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even tho their coffee sucks.
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Tektonik
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Tue Feb-10-09 12:19 PM
Response to Reply #21 |
26. If only Canada invaded us and forced us all to go to Tim Horton's |
graywarrior
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Tue Feb-10-09 12:20 PM
Response to Reply #26 |
27. Tim Horton's has the BEST glazed donuts on the planet |
Chan790
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Tue Feb-10-09 12:26 PM
Response to Reply #27 |
30. Yeah, but the coffee's mediocre. |
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Though I like their brewing philosophy...they dump coffee rather than let it sit. No cup is ever as fresh as one that has been brewed in the last 5 minutes. I just wish they'd use better beans, fresh grind and better water.
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graywarrior
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Tue Feb-10-09 12:29 PM
Response to Reply #30 |
32. But when you're visiting Nova Scotia, they're a necessity even with their weak coffee |
hippywife
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Tue Feb-10-09 12:39 PM
Response to Reply #26 |
hippywife
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Tue Feb-10-09 01:40 PM
Response to Reply #33 |
41. I have no idea who posted this |
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but it wasn't me! I've never been to a Tim Hortons!
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Chan790
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Tue Feb-10-09 12:22 PM
Response to Reply #21 |
28. I don't know how DD succeeds |
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when I worked for the S*bux there was a DD down the street from us...maybe 1/4 mile? When I was leaving they were opening another one a 1/4 in the other direction and there was one in the supermarket down the block. So...3 DDs in a 1/2 mile and all I ever heard from customers was how they drove past 5 or 6 DDs to come to Starbucks for coffee.
At no point did the DDs ever hurt our business.
New-Englanders must drink a lot of coffee. I don't think they'd open more stores in an area if they were losing money locally.
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BeachBaby
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Tue Feb-10-09 12:24 PM
Response to Reply #28 |
29. It probably helps...... |
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that DD is owned by The Carlyle Group - you know, BUSH. :mad:
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PeaceNikki
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Tue Feb-10-09 01:19 PM
Response to Reply #29 |
39. They are also franchised. The franchisees are mom n pop operations. |
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Edited on Tue Feb-10-09 01:24 PM by PeaceNikki
In fact, all Dunkin Donuts locations are all franchisee owned and operated. Starbucks is not.
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graywarrior
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Tue Feb-10-09 12:27 PM
Response to Reply #28 |
31. Where I come from, DD coffee is necessary when you need to get into someone's face |
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I'll bet Denis Leary drinks DD coffee all day.
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fizzgig
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Tue Feb-10-09 01:55 PM
Response to Reply #31 |
42. it is where he can get coffee-flavored coffee, after all |
graywarrior
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Tue Feb-10-09 02:48 PM
Response to Reply #42 |
43. I'd drink coffee with him any day |
NJmaverick
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Tue Feb-10-09 12:46 PM
Response to Reply #19 |
35. Here is the article explaining all the companies and why they are in trouble |
graywarrior
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Tue Feb-10-09 01:10 PM
Response to Reply #35 |
38. Well Blockbuster is competing with Netflix and Rite Aid has CVS and Walgreens to content with |
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Blockbuster really sucks, especially some of their smaller stores. Rite Aid is so expensive I can't afford their bandaids.
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JVS
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Tue Feb-10-09 12:47 PM
Response to Reply #19 |
36. Man cannot live from donuts alone. |
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Edited on Tue Feb-10-09 12:47 PM by JVS
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tigereye
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Tue Feb-10-09 12:15 PM
Response to Original message |
25. crap I love Rite Aid - all of this sucks! |
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That's a lot of employees. Damn the bankers... :grr:
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Left Is Write
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Tue Feb-10-09 12:42 PM
Response to Original message |
34. Claire's? I love Claire's. |
Tommy_Carcetti
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Tue Feb-10-09 12:50 PM
Response to Reply #34 |
37. He he. Funny story about Claire's. |
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Unfortunately due to the confines of my job, I can't tell you much about it.
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AlCzervik
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Tue Feb-10-09 01:22 PM
Response to Original message |
40. The Chart house was better before Landry's bought them. |
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i hope they get sold off to someone else.
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