Monday, September 08, 2008

The Cookie Crumbles

Mrs. Fields couldn't restructure its debt and is now in bankruptcy. For those of you panicking about your cookie fix, all those stores out there are franchises and shouldn't be affected. It makes me wonder, though, if they didn't have new store overhead, where did the debt come from? All those mansions they built? Keep it simple, people. Chances are you don't need a private jet and a landing strip for it in your back yard.

By the way, total bankruptcies in Utah for the first half of 2008 were up 42% over the first half of 2007. Consumer bankruptcies nationwide for the periods were up 30%.

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