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Archive Home > 2009 > August > 30 > From riding high to falling hard during a Sun Belt bust

From riding high to falling hard during a Sun Belt bust

By John Collins Rudolf / The Bulletin
August 30, 2009

PHOENIX " For years, business boomed at Gilberto Preciado's home-furnishings store in a working-class neighborhood near downtown Phoenix.

But on a recent afternoon his showroom was deserted. Other businesses in his strip mall have been shutting down at a brisk clip.

With a big grocery store....

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