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Why are all these stores closing nation wide, if the stock market is up and things are peachy?

 
GodFrequency
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02/03/2013 02:10 AM
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Why are all these stores closing nation wide, if the stock market is up and things are peachy?
I thought the stock market was up, and things were peachy and every one was loving higher taxes, obamacare, a collapsing dollar, and millions leaving the work force?


By: Douglas A. McIntyre, Samuel Weigley, Alexander E.M. Hess and Michael B. Sauter | 24/7 Wall St – Fri, Feb 1, 2013 12:50 PM EST


Best Buy


> Forecast store closings: 200 to 250
> Number of U.S. stores:1,056
> One-year stock performance: -36.8%

Sears Holding Corp.

> Forecast store closings: Kmart 175 to 225, Sears 100 to 125
> Number of U.S. stores: 2,118
> One-year stock performance: 8.8%

J.C. Penney


> Forecast store closings: 300 to 350
> Number of U.S. stores: 1,100
> One-year stock performance: -53.6%

Office Depot


> Forecast store closings: 125 to 150
> Number of U.S. stores: 1,114
> One-year stock performance: 50.7%

Barnes & Noble

> Forecast store closings: 190 to 240, per company comments
> Number of U.S. stores: 689
> One-year stock performance: 8.95%

Gamestop

> Forecast store closings: 500 to 600
> Number of U.S. stores: 4,471
> One-year stock performance: -2.2%

OfficeMax

> Forecast store closings: 150 to 175
> Number of U.S. stores: 872
> One-year stock performance: 80.8%

RadioShack

> Forecast store closings: 450 to 550
> Number of U.S. stores: 4,412
> One-year stock performance: -68.1%

[link to finance.yahoo.com]

Last Edited by GodFrequency on 02/03/2013 02:14 AM
GodFrequency (OP)

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02/03/2013 02:16 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
maybe unemployment will go down some more.
Anonymous Coward
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02/03/2013 02:17 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Their packing up and moving on to greener pastures. China, India, etc.
s. d. butler

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02/03/2013 02:35 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Because it's a lie,things aren't peachy.
Brad Daylight

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02/03/2013 02:42 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Because it's a lie,things aren't peachy.
 Quoting: s. d. butler


bumphf
"I have felt despair many times in my life, but I do not keep a chair for it."
~Dr. Clarissa Pinkola Estes

Today is a gift, that is why it is called "The Present"

“When an opponent declares, “I will not come over to your side,” I calmly say, “Your child belongs to us already… What are you? You will pass on. Your descendants, however, now stand in the new camp. In a short time they will know nothing else but this new community.”
- Adolph Hitler

Have a nice day, may God bless you :D
Anonymous Coward
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02/03/2013 02:45 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Things are peachy! Our black market and gun sales kept this pony act afloat longer then they expected it too.

And that's why they are closing down all these businesses.

They have been trying too kill the economy on purpose.
Joqui

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02/03/2013 02:47 AM

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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
The slimy bastards have been massaging the numbers for years, especially after 08', they must really think we just fell out of a turnip truck.

rant

Last Edited by Joqui on 02/03/2013 02:48 AM
Anonymous Coward
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02/03/2013 03:01 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
You have to counterbalance against the growth in web business. That is what is killing these retailers. Of course there is less business to go around, too.

I do hate to see Office Depot in trouble...my old standby for good prices and service on electronics, minus the glitz and glib.
Brightwinger

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02/03/2013 03:02 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Consumers have seen their paychecks reduced 2% due to Social Security in addition to seeing their insurance premiums going up.

So consumers have far less money to spend. Which means those stores you've mentioned are taking a big hit.

Their employees are unlikely to find a job in retail, so they will collect unemployment and go on food stamps.

The initial closures are likely to lead to a spiral of future closures, including restaurants, hair stylists, shoe stores, jewelry stores, movie theaters, etc.

2013 will make 2012 look like a boom year.
Author, inventor, disorganizer. Let's disorganize the American Cancer Society.
Anonymous Coward
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02/03/2013 03:06 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
OK, I don't mean to sound anything like positive here, but could it be because of all the sales these brick and mortar stores are losing to their own internet sales? I never go to J.C. Penny stores or Sears, I order from them online now and have for years. Same with others.

It's cheaper to sell online (not that they would drop their Chinese Junk prices any for us "consumers").

All they need are warehouses and people to shove crap into boxes. Think of all the expenses they get rid of when they close a store and sell on the internet, the list is endless and the people that work for them can go to hell for all they care.

No doubt we're going down the shitter, but sometimes things are not ALL that they seem. I'd like to see some sales figures from these companies, not just how many brick and mortar stores they are closing and how many people they are laying off.
Scuba7
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02/03/2013 03:08 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Because it's a lie,things aren't peachy.
 Quoting: s. d. butler


It is for those whom covert money.
Anonymous Coward
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02/03/2013 03:08 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
OK, I don't mean to sound anything like positive here, but could it be because of all the sales these brick and mortar stores are losing to their own internet sales? I never go to J.C. Penny stores or Sears, I order from them online now and have for years. Same with others.

It's cheaper to sell online (not that they would drop their Chinese Junk prices any for us "consumers").

All they need are warehouses and people to shove crap into boxes. Think of all the expenses they get rid of when they close a store and sell on the internet, the list is endless and the people that work for them can go to hell for all they care.

No doubt we're going down the shitter, but sometimes things are not ALL that they seem. I'd like to see some sales figures from these companies, not just how many brick and mortar stores they are closing and how many people they are laying off.
 Quoting: Anonymous Coward 17851333


The mail man will always have a job ;)
Scuba7
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02/03/2013 03:09 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
I thought the stock market was up, and things were peachy and every one was loving higher taxes, obamacare, a collapsing dollar, and millions leaving the work force?

 Quoting: GodFrequency


Stock markets would be manipulated for the sheeple's sake.

ie they want to continue living "the dream".
Anonymous Coward
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02/03/2013 03:11 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
OK, I don't mean to sound anything like positive here, but could it be because of all the sales these brick and mortar stores are losing to their own internet sales? I never go to J.C. Penny stores or Sears, I order from them online now and have for years. Same with others.

It's cheaper to sell online (not that they would drop their Chinese Junk prices any for us "consumers").

All they need are warehouses and people to shove crap into boxes. Think of all the expenses they get rid of when they close a store and sell on the internet, the list is endless and the people that work for them can go to hell for all they care.

No doubt we're going down the shitter, but sometimes things are not ALL that they seem. I'd like to see some sales figures from these companies, not just how many brick and mortar stores they are closing and how many people they are laying off.
 Quoting: Anonymous Coward 17851333


The mail man will always have a job ;)
 Quoting: Anonymous Coward 26244640


If they could get a bot to do that, he wouldn't have a job either. LOL
PolarPrecursor

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02/03/2013 03:12 AM

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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Yeah looks like unemployment will go up again with all the store closings..and that is just the bigger stores..many small business's are closing also.

I cannot see how these closings could bode well for our future economy.
"Power Corrupts"
Anonymous Coward
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02/03/2013 03:12 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
OK, I don't mean to sound anything like positive here, but could it be because of all the sales these brick and mortar stores are losing to their own internet sales? I never go to J.C. Penny stores or Sears, I order from them online now and have for years. Same with others.

It's cheaper to sell online (not that they would drop their Chinese Junk prices any for us "consumers").

All they need are warehouses and people to shove crap into boxes. Think of all the expenses they get rid of when they close a store and sell on the internet, the list is endless and the people that work for them can go to hell for all they care.

No doubt we're going down the shitter, but sometimes things are not ALL that they seem. I'd like to see some sales figures from these companies, not just how many brick and mortar stores they are closing and how many people they are laying off.
 Quoting: Anonymous Coward 17851333


The mail man will always have a job ;)
 Quoting: Anonymous Coward 26244640


If they could get a bot to do that, he wouldn't have a job either. LOL
 Quoting: Anonymous Coward 17851333


Planet Express ring any bells?
0311INFANTRYSIR

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02/03/2013 03:19 AM

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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
maybe unemployment will go down some more.
 Quoting: GodFrequency


Maybe if we move more manufacturing to China they can boost profits, oh, wait, American's need MONEY to buy shit...I forgot, we are not like the Government who just keeps borrowing money to spend.
"Democracy is two
wolves and a lamb
voting on what to
have for lunch.
Liberty is a
well-armed lamb
contesting the vote"
~ Benjamin Franklin.
Anonymous Coward
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02/03/2013 03:23 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
We are in the worst depression ever. And it is going to get a lot worse. Good luck out there. My dad called it over 10 years ago. He said you can't have all these people w their 2nd and 3rd mortgages and all the credit cards. He worked for entenmann's before corporate America wanted to cut his salary in half. Back In early 90s my dad was making close to 100k. He drove an 18 wheeler from long island to Boston every day and back. He earned every damn penny. This country is fu*cked now. So sad. Today he'd be lucky to earn 40 k. Wait a minute.... No he wouldn't even be able to get a job. Just like everyone else. Great post! So true
0311INFANTRYSIR

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02/03/2013 03:24 AM

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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Soon, Mr. Obama, Soon. You have nearly destroyed America, once that is complete then America will be more closely aligned with the rest of the impoverished of the world. Which is what the UN wants to happen and since you are a UN Puppet it is perfect.

I also love that you hate America yet you managed to become the President. Sure pulled the wool over our eyes. Grade A ass fucking you have Given America.
"Democracy is two
wolves and a lamb
voting on what to
have for lunch.
Liberty is a
well-armed lamb
contesting the vote"
~ Benjamin Franklin.
mrmuffins69
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02/03/2013 03:30 AM

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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
maybe unemployment will go down some more.
 Quoting: GodFrequency


probably down to 3% based on non existent data lol. cant believe some people bought the 7.8% crap day after obama lost debate
Anonymous Coward
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02/03/2013 03:33 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
It's a lot worse than we are being told.

As someone else posted, Zimbabwe's stock market spiked before everything crashed due to hyperinflation.
Anonymous Coward
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02/03/2013 03:37 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
I mistakenly thought Romney would win and there would be a bounce so I dived in to the market right before the election. I took a hit and had to stay in to recover my loss but now I've made that bounce anyway. I'm going to jump out again before the bottom falls out but I think a lot of people are just going into the market because so much money is sitting on the sidelines and they feel the need to invest again. Interest rates are stupid low so bonds can't even hope to keep pace with inflation. My two pennies anyway...
Anonymous Coward
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02/03/2013 03:39 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
I thought the stock market was up, and things were peachy and every one was loving higher taxes, obamacare, a collapsing dollar, and millions leaving the work force?


By: Douglas A. McIntyre, Samuel Weigley, Alexander E.M. Hess and Michael B. Sauter | 24/7 Wall St – Fri, Feb 1, 2013 12:50 PM EST


Best Buy


> Forecast store closings: 200 to 250
> Number of U.S. stores:1,056
> One-year stock performance: -36.8%

Sears Holding Corp.

> Forecast store closings: Kmart 175 to 225, Sears 100 to 125
> Number of U.S. stores: 2,118
> One-year stock performance: 8.8%

J.C. Penney


> Forecast store closings: 300 to 350
> Number of U.S. stores: 1,100
> One-year stock performance: -53.6%

Office Depot


> Forecast store closings: 125 to 150
> Number of U.S. stores: 1,114
> One-year stock performance: 50.7%

Barnes & Noble

> Forecast store closings: 190 to 240, per company comments
> Number of U.S. stores: 689
> One-year stock performance: 8.95%

Gamestop

> Forecast store closings: 500 to 600
> Number of U.S. stores: 4,471
> One-year stock performance: -2.2%

OfficeMax

> Forecast store closings: 150 to 175
> Number of U.S. stores: 872
> One-year stock performance: 80.8%

RadioShack

> Forecast store closings: 450 to 550
> Number of U.S. stores: 4,412
> One-year stock performance: -68.1%

[link to finance.yahoo.com]
 Quoting: GodFrequency



because Stock Market health is no longer indicative of middle-class health, as most of the players in the market today are very large banks serving themselves, and career market professionals. These are all part of the upper and super upper classes. Who have all done very well since 2008 due to rampant corruption that still goes on without question.

The middle class got rolled out of the stock game in 2008.
Anonymous Coward
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02/03/2013 03:55 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
[link to www.zerohedge.com]

there is your answer
Anonymous Coward
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02/03/2013 04:15 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
We would be wise to close them as to true demand and not to speculation.

We need to shift into a more streamline society and to be honest, those stores that aren't profitable must close so the capital can be re-allocated into a profitable sector of the economy.

I agree, it hurts the old way of doing things.
I mourn the loss, too.

Buck up and think of how to improve your own personal economy.

Innovation is king.
He Is Risen Indeed

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02/03/2013 04:49 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Consumers have seen their paychecks reduced 2% due to Social Security in addition to seeing their insurance premiums going up.

So consumers have far less money to spend. Which means those stores you've mentioned are taking a big hit.

Their employees are unlikely to find a job in retail, so they will collect unemployment and go on food stamps.

The initial closures are likely to lead to a spiral of future closures, including restaurants, hair stylists, shoe stores, jewelry stores, movie theaters, etc.

2013 will make 2012 look like a boom year.
 Quoting: Brightwinger


I agree, but there's a country called China waiting in the wings to swoop in with their multitudes of cheap labor and dirt cheap products to make their GDP go up and send even more money from the country. With their new additions of Obama Green companies they bought at a taxpayer loss, they should pretty much have us just where they want us anytime now...
Anonymous Coward
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02/03/2013 04:49 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
One word... AMAZON
nutmeg

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02/03/2013 04:59 AM

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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Yeah looks like unemployment will go up again with all the store closings..and that is just the bigger stores..many small business's are closing also.

I cannot see how these closings could bode well for our future economy.
 Quoting: PolarPrecursor


The Costco's and BJ's discount stores are booming. Also, Amazon online is amazing. If I order something from them, it's on my doorstep in 2-3 days. My daughter has six flat screen TV's in her house, and they all came from Amazon...great prices.

Has anyone shopped at Marshall's/Homegoods and TJMaxx lately? The line was so long at Homegoods, I left the store a few days ago because I didn't feel like waiting. Their prices for quality items are excellent.

Walmart is always crowded. For anything else you need, there's Lowe's, Home Depot, and Target....all doing very well. I'm not at all surprised that Sears and Penneys are closing. Anytime I've been in them in the past several years, there were no customers.

Last Edited by nutmeg on 02/03/2013 05:05 AM
tcs
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02/03/2013 05:03 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
Screw those BIG corporations (we need all those stores like we need an extra nose to smell with), it's the 1000's upon 1000's of people losing their jobs that bother me.

A lot of hurting families means no one is in control of the ship... or worse; are in control and heading it deliberately toward the iceberg.

I call it the "Phoenix theory". First you destroy the old system and out of the ashes you rebuild one that is more suited to serve the select few and make the rest of us take a mark that pretty much zaps our souls out of our bodies.

Anyone who thinks that real life zombies are nothing more than the imagination of an author or an hollyweird script writer, really has never read Rev. 9:6
Anonymous Coward
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02/03/2013 05:05 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
GLP effect is making the economy better. All the economic doom talk here is definitely doing the trick!

KEEP UP THE GOOD WORK!
Anonymous Coward
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02/03/2013 05:10 AM
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Re: Why are all these stores closing nation wide, if the stock market is up and things are peachy?
It is a facade.

The Fed knows it. They have been pumping up the markets with TAARP and QE funds, plain and simple. It is at the overall sacrifice of the USD. Till now it has been relatively effective, in so far that they have held off another stock market crash and economic still-stand. Yet, at what cost?

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