Going Out Of Business

SantaClaus's picture

Have heard about several businesses and wanted additional information. What do y'all know?

1. Dillards in Newnan will be closing when the new Belk opens.

2. Hobby Lobby will be going into the old Belk location in Newnan.

3. The new center across from WalMart in PTC filed bankruptcy. That center was rumored to have commitments to house a Publix, TJ Maxx and Home Goods. It was also rumored that another developer is purchasing that property.

4. The Sun Dried Tomato reopening or not.

5. The Cookie Shop next to the Sun Dried Tomato closing.

6. Goodwill going into the Baby Kroger on Hwy 54 in PTC

7. What's going on with the new development planned across from the Tea Room on 54/34? Wasn't that going to be a Sam's Club and movie theatre?

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matt.barnes's picture
Submitted by matt.barnes on Thu, 08/20/2009 - 1:38pm.

I have heard a few rumors surrounding Dillard's. I'm not sure how much truth is behind them. Belk's has been open for a few month's and Dillard's is still open. I have also heard that Dillard's has not even begun to pay rent because they have not meet the volume guaranteed by Thomas Enterprises (Ashley Park).

Another fun rumor I heard a while back is that the reason Bass Pro shop backed out is because the city of Newnan refused to pay the 10 million dollars that the Bass Pro shop charges each city for the "luxury" of having a Bass Pro Shop.

Submitted by ConfushaSay on Mon, 02/23/2009 - 4:36pm.

and this doesn't count small businesses only the large ones like Sears, Jc Penney, Macys, Kohls, Target, etc.... 73,000 expected to close in 1st 6 months of 2009. See deadmalls.com for your up to date depression news. Buy gold & silver for protection, but hurry the prices are up.

The 5-0's picture
Submitted by The 5-0 on Mon, 02/23/2009 - 7:44pm.

Basic economics states that you "buy low, sell high."
The price of gold is the highest in years.
Why would you want to buy gold when it is extra expensive?

The people who hype up gold are ones who have stockpiles of their own and want people to buy more to drive up the price even higher.

This is why OPEC reduces the amount of oil that is pumped. Lower supplies = higher demand/higher price.

Submitted by Solace108 on Tue, 07/07/2009 - 4:23am.

That is what I have also leaned in Economics.

Submitted by Michman on Thu, 08/20/2009 - 9:21am.

Selling old jewelry, people receiving cash and invest in the economy.

Silence Dogood's picture
Submitted by Silence Dogood on Thu, 08/20/2009 - 10:38am.

Please ban people like this. Thank you.

S. Lindsey's picture
Submitted by S. Lindsey on Mon, 02/23/2009 - 9:53pm.

In this economy with the amount of debt and with the possibility that China will stop buying our massive debt.. We will have to print dollars at a rate never before seen... If the dollar tanks.. then Metals specifically Gold will rise again... Hedge funds are dumping Gold right now to move cash.. Other Country's are buying it rapidly.. when the market which is continuing it's downward spiral, hits bottom and rampant inflation begins.. which most economist agree is going to happen... then the only hedge against personal loss will be Gold..
5-0 remember the dollar is no longer tied to gold... it is only worth what we say it is.. Once we can no longer afford to buy "things" because it takes a million to buy a loaf of bread.. then Gold will be out of reach..
But then again maybe I already have enough and I just want more... so keep on believing in the US Goverment..it is never wrong.. they are always right and we will be here forever.. ain't fantasies grand..
Gold will never be worth nothing.. want to bet on the dollar?

Submitted by ConfushaSay on Tue, 02/24/2009 - 12:42am.

Obama’s stimulus program is designed after Zimbabwe. Zimbabwe has the world’s highest inflation rate at 230 million percent, brought on by government spending. Zimbabweans are now the proud owners of trillion dollar bills. Of course their economy has collapsed with 80% of the people needing foreign food aid. Obama intends to solve our reckless spending crisis by more spending, the Zimbabwe solution. As foreigners stop buying our worthless treasury notes, the US Treasury is preparing to finance government spending by selling their notes to the Federal Reserve. It’s called borrowing from yourself, or Zimbabwean inflationary economics. Obama actually said, “we can worry about inflation later”. To buy and sell gold & silver for protection of your money, visit the California Numismatic Investments at www.golddealer.com or www.monex.com.

Submitted by skyspy on Tue, 02/24/2009 - 6:12am.

One politician described our situation best. Our crooks on capitol hill haven't changed at all.
Like drunks with a gambling problem, they stumble away from one huge debt to another. Instead of paying off that debt like a reasonable sober person would they are doubling down in the form of entitlement programs.

Another good site for buying gold and silver is www.blanchardonline.com

Submitted by Nitpickers on Tue, 02/24/2009 - 6:52am.

Example: Our Secretary of Education and husband! Owe some stores and suppliers and laborers.

There are numerous people right here in Fayette County who are not going to pay their honest debts! It is a matter of income, just as it is for those who usually don't pay debts-=-also a method of living.
Poor people can't incorporate!

Keep in mind also that when the government borrows money that is a long term debt, written off over numerous years. Currently we budget about 10% of our yearly budget to pay the interest on Reagan's and Bush's debts.

The annual budget is another matter however.
Obama wants to reduce that considerably by increasing taxes, cutting out certain bloated expenses, (like Palin's bridge), maybe several hundred F-22s we don't need (we will have soon the F-35--a better and cheaper plane) and stop paying "contractors" twice as much as civil servants. (Blackwater and Cheney's old firm.)

When I was in the service, we cut each others hair, worked in our stores, run our own movies, cooked our own food, washed our own clothes, maintained our own equipment and buildings, AND FURNISHED OUR OWN NURSES AND DOCTORS!
The pay was one-third of contractors, and these people could be foot soldiers at a very short notice.
We may even start manufacturing some goods again instead of bank "products."

Submitted by ptcmom678 on Tue, 02/24/2009 - 7:44am.

although, if it comes to a choice between money for the basic food/shelter/clothing vs. a corporation charging exorbitant fees all of a sudden...

If you have the debt, you do need to pay it, but sometimes it seems like the corporations do all they can to make you not want to pay them.

Submitted by Nitpickers on Mon, 02/23/2009 - 6:14pm.

Who is going to buy your $1000 gold?

I'm sticking with Federal guaranteed investments and of course my paid for home.

S. Lindsey's picture
Submitted by S. Lindsey on Mon, 02/23/2009 - 6:19pm.

Remember all those Goverment bonds and cash will keep you warm.. They do burn.. but if you want to trade better bring gold.. I don't accept plastic or the US Dollar...Smiling

Submitted by Nitpickers on Mon, 02/23/2009 - 6:25pm.

I assume you know that there isn't nearly enough gold in the USA to supply even a small percentage of us with some with which to "trade.?

But I suppose you are only thinking of yourself.

S. Lindsey's picture
Submitted by S. Lindsey on Mon, 02/23/2009 - 6:28pm.

It's a jungle out there.. The strong will survive the weak will be Appetizers .

Ted Turner: Global warming could lead to cannibalism
Billionaire environmentalist says world has too many people

The Atlanta Journal-Constitution
Published on: 04/03/08
Failure to address global warming will have us all dead or eating each other by mid-century.

Cyclist's picture
Submitted by Cyclist on Mon, 02/23/2009 - 6:24pm.

"Been there done that" with worthless airline stock. Eye-wink
Caution - The Surgeon General has determined that constant blogging is an addiction that can cause a sedentary life style.

S. Lindsey's picture
Submitted by S. Lindsey on Mon, 02/23/2009 - 6:26pm.

as well as others... glad I bailed before it all hit... Went Gold.. and never looked back.

Submitted by one_who_knows on Sun, 02/22/2009 - 12:52pm.

...Dillards in Newnan Is. Not. Closing! This is something that the aparently threatened folks at Belks are telling their customers, and it is NOT true. From what we can figure out, they are the ones who started this rumor. Dillards in Newnan is beating the pants off every other Dillards in the southeast right now. Dillards IS closing 20 stores, but they are stores in areas where people refuse to go shopping anymore. If any of the Atlanta stores go down, it is NOT going to be the one who had a 10% INCREASE over Xmas, unlike the other retailers, who had losses.

Belks can open up their big fancy new store, and people will go in there and look around, then they'll do what they always do. They'll come back to Dillards, where they will actually be able to get someone to help them. Dillards has better stuff than Belks, the customer service is just icing on the cake.

Belks is trying to recruit people from Dillards, and there's a reason for that.

Submitted by mysteryman on Mon, 02/23/2009 - 8:38pm.

Dillards and Belk are both going out of bussiness, as soon as Washington fires up the printing press, and starts rolling out C-notes by the millions, a gallon of milk will cost $39.95 by years end, so enjoy your economic stimulation while you can, sure you will have a pocket full of hundreds but it will only buy a weeks worth of groceries at Wal-MART, which by then will be subsidized by the govt anyway, being that it an Taco Bell will be the only retatil establishments left, the day after the 5th or 6th stimulation package fails......GOD BLESS...

Submitted by Spyglass on Sat, 02/21/2009 - 10:04am.

Let them sublet to Goodwill.

Submitted by Bonkers on Sat, 02/21/2009 - 4:45pm.

What possible business of yours is a Goodwill?
I won't join your "backlash."

Submitted by MYTMITE on Sun, 02/22/2009 - 8:58pm.

that since he/she lives in Peachtree City it is his/her business. Too bad you and your other selves would not join. What a backlash that would be--as they say "a cast of thousands."

Submitted by dollaradayandno... on Sun, 02/22/2009 - 9:22pm.

I'm trying to understand why you and others don't want a Goodwill store at Peachtree Crossings--I kinda agree with others that it only the business of the rights holder and town council, if they meet the rules.

Want to also get rid of the consignment shops?
How about too many Mexican restaurants with illegal workers?
How about too many Chinese restaurants using dirty warehouses for food purchases? (another Tom Irvin overlook!)

Do we have enough nail and foot salons?
Do we have enough places to buy booze? (43 at last count)
Want a couple of more Red Rooms? (worse than Goodwill are they?)

How many gallons pass through the Y-Not?
What is that conglomeration of Church/Moving Company/and bargain store on Huddleston?

How about ten or twelve more golf cart shops with junk yards all around?
Will you be happy with 2000 foreclosure notices, soup kitchens at Shakerag hill, closed banks, and job marches coming up?

Submitted by ptcmom678 on Tue, 02/24/2009 - 7:32am.

The church/moving company/THRIFT store (not bargain store) also includes Jump 2 It. The whole conglomerate is helpful to the local schools and resource centers with a great staff. I am noticing less consignment stores opening up and more thrift stores. Same concept basically, you just take off on your taxes when you donate rather than crossing your fingers that at a consignment store 1) your stuff sells, and 2) that you remember to collect what money you make there.

I have absolutely no problem with liquor stores under most of the current regs. and would love to have Sunday sales. If restaurants are lousy and/or hire illegals, they tend to be raided and/or shut down. If a retail place or restaurant is over-priced, they usually go out of business.

Also, I've been looking for a Goodwill store as opposed to a donation center. Usually when I go to The Clothes Less Traveled (GREAT place), it's an even trade - I donate clothes and pick up a new wardrobe while in there.

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