Retailing Chains Caught in a Wave of Bankruptcies - New York Times - 0 views
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Figures released on Monday showed that spending on food and gasoline is crowding out other purchases, leaving people with less to spend on furniture, clothing and electronics.
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The cash-short chains are leaving behind tens of millions of dollars in unpaid bills to shipping companies, furniture manufacturers, mall owners and advertising agencies.
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What happens when the stores that have forced many local mom-and-pop retailers to close are themselves going out of business because they can't adjust to rising costs and lower consumer spending?