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April 30, 2006
WELL, BETTER NOT PLAN ON SHOPPING FOR GROCERIES AFTER SHOPPING AT HOME DEPOT!
Who ever said the economy was looking good was wearing rose colored glases!
Money ain't growing on trees, there ain't been no FEMA money lately, no more Red Cross money, either, so it looks like Payless at North Gate's closing its doors because it's not paying its way which is exactly what I'd do if I owned it. (hint, hint govGuam-when you're losing money, you down size!)
Owners of Payless are saying that they've invested their money in upgrading their other markets and closing down the one at the foot of airport road. It's the place you stop to buy beer and cold drinks before you go to the beach....but mostly that's because the store at Ypao that was owned by the Perez family closed down as well because it wasn't making money either-right there in Tumon, with its various Chamorro sweet delights.
So if you were thinking that the economy was as 'up' as people want you to believe it is, look around you and count how many stores and mom'n'pop stores have closed up because they lost money. Two really big hotels sit empty in Tumon, huge office buildings are empty as you drive on Marine Drive, left side, right side, you choose, they're on both sides and perhaps more will close as the price of fuel increases.
I don't blame the Calvo's for closing the store, it's a smart choice, it's a form of survival. It's too bad that the public sector doesn't take note of how it's done!
Posted by auntiecharo at April 30, 2006 12:17 AM
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