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This time, we also have a single company (Marvel) with a huge percentage of the sales, no strong third company to compete, a bad economy, a dwindling consumer base, no new readers, high prices, and a great reduction of LCSs.
I'm surprised anyone even bothers with LCS's any more. I've been getting my comics from an online mail service (Westfield Comics) for years now. I order two months in advance. If I suddenly decide I want something that's coming out next month, I get it from Comics Infinity - another online mail service. If I want something from the current month, I get it from eBay. There just isn't a reason to go to the LCS. Hey, if hot chicks hung out there, then maybe, but the only times I ever saw hot chicks at the LCS, they were there with their boyfriends.