Sears, Saks, BJ's, Claires, Macy's Supermarkets all closing Stores!!

It does not surprise me at all.

People spent money ON THEMSELVES at Christmas because they were sick of wearing the same old shit for the past 2 or 3 years and needed to upgrade home products too.

But now...ask anyone...everyone is hunkering down again.

Additionally and perhaps more pertinently, the real estate slump has changed the face of many communities and the retailers have to dump crappy properties before the turd stinks even more.

Commercial real estate is going to tank further, hand in hand with residential this year.

All the "great sales #'s" reported on the MSM, failed to mention the "profit margin" of said sales.......LESS THAN 0%!

GIVING SHIT AWAY IS THE LAST GASP OF A DYING RETAIL ECONOMY!

Yahoo reports this morning that retail sales for December were DISSAPPOINTING with the requisite excuses. What they aren't saying is that as good as things looked previously it was based on smoke and mirrors. The constant sales obviously meant low profit potential and that is what we see reflected by these closings. After the way I was treated by Macys recently I would venture they have major issues.

Macy's has a supermarket? Haven't been in one in years

Thank you, thank you. That is exactly right.
They reported on "sales" and not profitability.

Here's my anecdotal evidence. Penney's is STILL holding 70-80% off sales. Not a good sign. Store is looking a little bare. I asked if they were closing. No. We are "trying" to get them to send us more merchandise". Ummmm. I replied.

Sears on the other hand, I don't remember seeing anyone with one of their bags in their hand through the entire holiday shopping season. They are fully stocked!

Which will be the first to close? I will post when something happens. There have already been 3 casualtiess in and around the mall area since New Years.

Malls are sounding a death knell across the country.
Too much leverage in commercial real estate.

We just lost 40 pizza huts in and around new orleans

A lot of stores are still holding these sales.
I'd love to say it's typical because they are already clearing "winter inventory" for "spring inventory" but I've only been to a handful of stores since Christmas.

One of the Macy's stores in Austin, TX is closing.

[link to www.bizjournals.com]

if you want to make money this year

buy puts on

retailers

and

food chains

with high P/E ratios

CMG
SAK
JCP
NFLX

just to name a few

hahah Smart A. Suppose to be a comma in there.
But yeah, insane

yeah people have no reason to buy ne thing right now except the essentials.

I know its crazy, Theses are not your mom and pop store that hire 6-8 people, theses are major retailers with 60-80 people per store. Plus all the other companies that support that one store. What a T-wreck.

Well glad people are semi seeing what I'm seeing.

The economy is fine! Do not believe your lying eyes - listen to the news more!

Holy chip I just read that, 40 Pizza Huts!!!! What the hell is happening here.

I'm beginning to wonder if this might be a good thing... in the very long-term.

Still open around here OP WNY.

Thats good Hickory. I'm just shocked I guess to see what is going on. I understand a few here and there, but its big groups 4 here, 5 there, and all within the last few days. Its only the 6th of Jan.