I was sad to see Michael’s on the list. Blockbuster was pretty obvious, Netflix did them in.Kodak, not a shock with most people using digital. Airlines and Auto’s are always in trouble! Palm, well with handheld/phone combos was inevitable. Barney’s and BCBG, are luxury retailers. We’ll see how this plays out. Maybe people will start buying local again. FM has always been a proponent of shopping locally!
“Companies exposed to consumer spending have it toughest. The industries most represented on the list are media, automotive, retail and manufacturing. Companies in the most acute danger are those with reduced cash flow and a high debt load. A lot of big, well-known companies are in danger. On the list: Advanced Micro Devices; AirTran; AMR (parent of American Airlines); Chrysler; Duane Reade; Eastman-Kodak; Ford; General Motors; JetBlue; Krispy Kreme; Palm; R.H. Donnelly; Reader’s Digest Association; Rite-Aid; UAL (parent of United Airlines); Unisys; and US Airways.
Many of the other firms on the list are second- or third-tier suppliers to automakers, airlines, and other troubled firms. Being on the list doesn’t mean a firm is destined for bankruptcy. But it does mean the company faces severe constraints in terms of raising new capital, making new investments, and hiring. Instead of expanding, it may be far more inclined to sell assets, streamline or close divisions, and lay people off to cut costs and raise cash.
America’s malls are going to end up looking a lot different. The retail sector is obviously getting hammered, with chains like Circuit City and Linens ‘n Things already out of business. Many other retail chains are in trouble. Also on the bottom-rung list: Barney’s; BCBG Maz Azria; Blockbuster; Brookstone; Claire’s Stores; Eddie Bauer; Finlay Fine Jewelry; Harry & David; Loehmann’s; Michael’s Stores; Oriental Trading Co.; and Sbarro. Again, this doesn’t mean the company is doomed. But many of these firms will restructure, close outlets, shrink, and find ways to transform themselves. So if you ever go back to the mall, and your favorite shop has disappeared, you’ll know why.” (U.S.News & World Report By Rick Newman)
My English teacher would be so proud, of my Works Cited. 
