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From GoLocalProv.com by Curtis Parvin, GoLocalProv Guest MINDSETTER™:
Everywhere you look now, you see the same sign: “STORE CLOSING” or “GOING OUT OF BUSINESS.” Why? I suppose the basic answer would be because the economy is poor. The national economy is very weak. And as the American economy takes on more and more strain, the businesses of smaller states (e.g. Rhode Island) are at risk of being crushed under that weight.
Even large companies such as Borders Booksellers have seen this happen. I believe one major factor is location. Borders was located in the Providence Place Mall. It’s a shopping center where you have to pay to park in the garage and once you’re there the timer just keeps ticking. In a weak economy, the first major resource to fluctuate are gas prices. Let’s break this down. In order to buy a book at Borders in Providence, you may need to gas up your car, pay to park and wait for a friend who may be running late.