Many retailers that many know and love have announced that they are closing their doors. The retailer that I researched was Goody's Family clothing. After many years of buisness this retailer has decided to close all of their 287 stores. Being that I used to work there we experienced low sales percentages and high shrinkage rates because many people were stealing from our store. After analyzing this retailer I believe that this company failed because of the economic crisis that we are experiencing now and it has contributed to the problems that the company was already facing. Even though this retailer emerged from bankruptcy during the end of last year consumers have cut back instead of splurging on items that are unneccesary. Over the past couple of years some consumers considered Goody's clothing to be tasteless and not worth the price that was displayed on the rack. Some consumers even complained of bad customer service, or bad- tempered store managers while shopping with this retailer. I feel like these problems along with the economic recession contributed to the downfall of not only this retailer, but many retailers around the country.

Articles Sited
www.reuters.com?articles/deborahcohen/idustre5054p720090106.com
www.courierpress.com/news/2009/jan/07/goodys-family-clothing-closing-all-its-287-stores//com