Retail getting ugly

http://www.nytimes.com/2008/04/15/business/15retail.html?_r=1&hp&oref=slogin

“You have the makings of a wave of significant bankruptcies,” said Al Koch, who helped bring Kmart out of bankruptcy in 2003 as the company’s interim chief financial officer "

"“You have the makings of a wave of significant bankruptcies,” said Al Koch, who helped bring Kmart out of bankruptcy in 2003 as the company’s interim chief financial officer"

"The International Council of Shopping Centers, a trade group, estimates there will be 5,770 store closings in 2008, up 25 percent from 2007, when there were 4,603."

This is why we are short consumer goods, consumer services, and commercial real estate