We aren't sure if this is to be expected or a SUPER BAD development. LakeWest Group, a consulting firm that has helped out Coldwater Creek, Macy's and others has declared Chapter 7 bankruptcy.Of course, bad news or not, it's expected. It's unlikely that retailers are hiring more of these types of firms, even if they could use them to help find ways to cut costs and improve efficiency.So even though firms like LakeWest offer to "create a chain of stores that is optimized for productivity, profitability, and coordinated success," it doesn't mean that their survival is ensured.
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