January 21, 2009

Retail Deathwatch

There are lots of local closings announced in my shopping neck of the woods.

Filene's Basement at the Homestead Waterfront is closing in February.
Macys Furniture Store in Century III Mall is closing.
Old Navy in Century III Mall is closing.
And I've heard that many stores at the Pittsburgh Mills Mall are also closing.

The East Liberty Target project is on hold until the company is ready to expand (probably not until the credit crunch alleviates or the economy picks up again).

And while I am only one lonely consumer, I do not think it is a coincidence that so many closings are occurring as I approach nearly 35 days of not buying anything for myself that wasn't food or drink related. I'm certainly not the only person who has curbed their spending amid news of the economic downturn, layoffs, and hiring freezes. I will update soon on some of my current Ebay wants that might lead to ban-breakage. But they are arguably necessities and buying them gently used or highly discounted via ebay is infinitely more frugal than buying brand new or full retail versions.

I want to see if I can go more than two months without buying frivolous things. My mid-February trip to NYC gives me a firm event to look toward.

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