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Hot Issue: Financial Struggles

4/21/08
Retailer Bankruptcies Making Headlines

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Today's retailing reality is that business is not good for many and for others it's even worse. As a number of recent articles have pointed out, large numbers of retailers have been closing stores, laying off staff and otherwise looking to reduce expenses in light of the consumer pullback in purchases in recent months.What do you see as the primary causes behind the number of chains filing for bankruptcy? What lessons are there to be learned by other retailers so they can avoid a similar fate?

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