So I login to my gmail account today and I see an e-mail from a girl I used to date:

Hey, just in case you weren’t aware, wanted to give you a heads up, especially if you tend to by gift cards for the holidays. The following are involved in, planning to file Bankruptcy, or closing a significant number of stores:

Circuit City (filed Chapter 11)
Ann Taylor- 117 stores nationwide closing
Lane Bryant, Fashion Bug ,and Catherine’s to close 150 stores nationwide
Eddie Bauer to close stores 27 stores and more after January
Cache will close all stores
Talbots closing down specialty stores
J. Jill closing all stores (owned by Talbots)
Pacific Sunwear (also owned by Talbots)
GAP closing 85 stores
Footlocker closing 140 stores more to close after January
Wickes Furniture closing down
Levitz closing down remaining stores
Bombay closing remaining stores
Zales closing down 82 stores and 105 after January
Whitehall closing all stores
Piercing Pagoda closing all stores
Disney closing 98 stores and will close more after January.
Home Depot closing 15 stores 1 in NJ ( New Brunswick )
Macys to close 9 stores after January
Linens and Things closing all stores
Movie Galley Closing all stores
Pep Boys Closing 33 stores
Sprint/Nextel closing 133 stores
JC Penney closing a number of stores after January
Ethan Allen closing down 12 stores.
Wilson Leather closing down all stores
Sharper Image closing down all stores
K B Toys closing 356 stores
Dillard’s to close some stores

I knew about a lot of these stores, but there were many new ones. The economy is really going through some crazy times right now. There is a possibility of the domestic automotive manufacturers filing for bankruptcy. The world is folding as we know it right?? Wrong.

Right now is sort of a the strongest survive scenario. The fact is, we as consumers will still continue to purchase products, we will still wear clothes, we will still buy people presents, and we will still drive cars.

Think about GM as one example. GM owns a ton of auto brands; Chevy, GMC, Cadillac, Hummer, Pointac, Buick, Saturn, and Saab. Just imagine how many vehicles per year are manufactured sold from the conglomerate of all these brands?? I don’t have exact figures, but I’m sure it’s well into the millions. If GM went under, that’s a huge void of vehicles that were at least partially sold…that are now not. While becoming a new car manufacture may not be the easiest thing in the world, somebody is going to take a lot of that business…and that ain’t no chump change. The strong will survive.

Now take a look at any of the other stores above, and I can bet it’s the same scenario. Who knows why some of these stores are folding…some expanded too fast, some didn’t do enough marketing, some expanded in the wrong areas…you get my point. Just because they failed, doesn’t mean you will to. What this new economy teaches us to do is to not be extravagant on how we spend. Run a company lean, and learn from past mistakes.

Now is a great opportunity to get into business…if you can survive the time while things are bleak…for what goes down must come up.

Just my 2 cents.