Yes, mom-and-pop places are suffering in today's economy -- but so are strip clubs! According to a story by former Denver Post writer Kris Hudson in today's Wall Street Journal, the country's two publicly traded strip-club chains have been hit hard by the recession, and are now "catering to a thriftier clientele."
One of those chains, VCG Holding Corp., is considering paring amenities at some of its clubs in Minneapolis; Portland, Oregon; St. Louis and Denver, where the company is based. Its clubs here include the Diamond Cabaret, La Boheme, Penthouse, PT's Appaloosa, PT's All Nude and PT's Showclub.
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"There are not changes contemplated in our company," says VCG's Troy Lowrie. "That article lumped our name with a competitor's comments." And true, it's impossible to imagine Lowrie doing what that competitor, Rick's Cabaret International, has done with one of its Dallas clubs: turned it into an "all-nude, bring-own-beer venue."