Despite our warnings to you that this would happen if you didn't run out and purchase several cases of wildly overpriced pears, it appears that you didn't listen: Harry & David has declared bankruptcy.

Burdened by nearly $200 million in short- and long-term obligations, Harry & David has been battered in the recession, with customers cutting back on luxury items like gift baskets of fruits and snacks.

How could you, America?

[WSJ. Photo via]