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Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?

 
gebahie

User ID: 10118097
United States
02/19/2013 04:00 AM

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Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores? When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses. But now it is being projected that all of them will close hundreds of stores before the end of 2013. Even Wal-Mart is running into problems. A recent internal Wal-Mart memo that was leaked to Bloomberg described February sales as a "total disaster". So why is this happening? Why are major retail chains all over America collapsing? Is the "retail apocalypse" upon us? Well, the truth is that this is just another sign that the U.S. economy is falling apart right in front of our eyes. Incomes are declining, taxes are going up, government dependence is at an all-time high, and according to the Bureau of Labor Statistics the percentage of the U.S. labor force that is employed has been steadily falling since 2006. The top 10% of all income earners in the U.S. are still doing very well, but most U.S. consumers are either flat broke or are drowning in debt. The large disposable incomes that the big retail chains have depended upon in the past simply are not there anymore. So retail chains all over the United States are now closing up unprofitable stores. This is especially true in low income areas.

When you step back and take a look at the bigger picture, the rapid decline of some of our largest retail chains really is stunning.

It is happening already in some areas, but soon half empty malls and boarded up storefronts will litter the landscapes of cities all over America.

Just check out some of these store closing numbers for 2013. These numbers are from a recent Yahoo Finance article...

Best Buy

Forecast store closings: 200 to 250

Sears Holding Corp.

Forecast store closings: Kmart 175 to 225, Sears 100 to 125

J.C. Penney

Forecast store closings: 300 to 350

Office Depot

Forecast store closings: 125 to 150

Barnes & Noble

Forecast store closings: 190 to 240, per company comments

Gamestop

Forecast store closings: 500 to 600

OfficeMax

Forecast store closings: 150 to 175

RadioShack

Forecast store closings: 450 to 550

[link to michaelsnyder.mensnewsdaily.com]

Last Edited by gebahie on 02/19/2013 04:00 AM
AlaskaLove

User ID: 33563100
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02/19/2013 04:01 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
This is in accordance to the prophecy.
I love you.
Anonymous Coward
User ID: 28870983
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02/19/2013 04:02 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Having to hire convicted felons was the final straw I'm afraid.....
Anonymous Coward
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02/19/2013 04:03 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
This is in accordance to the prophecy.
 Quoting: AlaskaLove


what prophecy?
Children of the Atom

User ID: 20257839
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02/19/2013 04:06 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
This is in accordance to the prophecy.
 Quoting: AlaskaLove


what prophecy?
 Quoting: Anonymous Coward 28870983


the collapse bro
AlaskaLove

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02/19/2013 04:07 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
End times. Collapse of America.
I love you.
Anonymous Coward
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02/19/2013 04:07 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Mostly when a store sucks ass both in product quality and customer service , they are bound to go out of bisiness.
Way to go corporate business model! You suck! and you fail!
Useless Cookie Eater

User ID: 29696048
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02/19/2013 04:10 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Mostly when a store sucks ass both in product quality and customer service , they are bound to go out of bisiness.
Way to go corporate business model! You suck! and you fail!
 Quoting: Anonymous Coward 24793065


Yeah...so like EVERY store is sucking ass.
Brilliant.

cruise


Try getting some new SHILLING MATERIAL from your Commie masters.

failyou
Anonymous Coward
User ID: 24793065
United States
02/19/2013 04:27 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Mostly when a store sucks ass both in product quality and customer service , they are bound to go out of bisiness.
Way to go corporate business model! You suck! and you fail!
 Quoting: Anonymous Coward 24793065


Yeah...so like EVERY store is sucking ass.
Brilliant.

cruise


Try getting some new SHILLING MATERIAL from your Commie masters.

:failyou:
 Quoting: Useless Cookie Eater


No dude seriously. I'm not shilling, I'm chilling.

The dorks running these stores are so out of touch with the consumer it is ridiculous. The products they sell are third rate crap. The store managers abuse the employees which are our relatives. The employees disrespect the customers. The "seasonal" stocking system sucks ass. And it's overpriced crap.

I can go online and have the world market at my fingertips. I can get just as good or better quality for 1/4 the price of a shit ass retail store and I don't have to get the flu doing it.

Corporate systems are a total fail. I haven't met a CEO yet I wouldn't like to kick in the nuts. And all the mid level management are retard window lickers in suits. What is so hard to understand about that?

quit licking the window!
Children of the Atom

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02/19/2013 04:28 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Mostly when a store sucks ass both in product quality and customer service , they are bound to go out of bisiness.
Way to go corporate business model! You suck! and you fail!
 Quoting: Anonymous Coward 24793065


Yeah...so like EVERY store is sucking ass.
Brilliant.

cruise


Try getting some new SHILLING MATERIAL from your Commie masters.

failyou
 Quoting: Useless Cookie Eater


lmao
Anonymous Coward
User ID: 32336793
United States
02/19/2013 04:33 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Because crappy shit companies like Best Buys charge up the ass and have horrible customer service.

Retail have been slowly collapsing because of the internet. People can now show around for the best price.

Shitty Companies like Best Buys use to charge $200 for a shitty gold plated made in China HDMI cable.

They can now get the same shitty HDMI cable on ebay for $4 shipped directly from China.

Local Retailers cannot compete with that. That's why Bestbuy, Walmart, Target and Homedepot all ganged up on Amazon and DEMANDED that they start charging sales tax. Even to States where they don't have an actual warehouse or office.

Local Retailers are failing because of the Internet. Same with Newspaper and Magazine. They will die out soon.
Anonymous Coward
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Canada
02/19/2013 07:19 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
The corporate model is finished and not working, it is the end of capitalism and I can't wait.
Anonymous Coward
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02/19/2013 07:27 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Because crappy shit companies like Best Buys charge up the ass and have horrible customer service.

Retail have been slowly collapsing because of the internet. People can now show around for the best price.

Shitty Companies like Best Buys use to charge $200 for a shitty gold plated made in China HDMI cable.

They can now get the same shitty HDMI cable on ebay for $4 shipped directly from China.

Local Retailers cannot compete with that. That's why Bestbuy, Walmart, Target and Homedepot all ganged up on Amazon and DEMANDED that they start charging sales tax. Even to States where they don't have an actual warehouse or office.

Local Retailers are failing because of the Internet. Same with Newspaper and Magazine. They will die out soon.
 Quoting: Anonymous Coward 32336793


/\ /\ this /\ /\
CalmShock

User ID: 5056346
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02/19/2013 07:53 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Mostly when a store sucks ass both in product quality and customer service , they are bound to go out of bisiness.
Way to go corporate business model! You suck! and you fail!
 Quoting: Anonymous Coward 24793065


Yeah...so like EVERY store is sucking ass.
Brilliant.

cruise


Try getting some new SHILLING MATERIAL from your Commie masters.

failyou
 Quoting: Useless Cookie Eater


Why is it every time I see one of your posts, you're calling someone a shill or declaring shills are on the way..?

Is it a heightened sense of paranoia, do you just love using the word or maybe, just maybe...

YOU'RE a shill. Some sort of reverse psychology shill...

damned

We're on to you.
Patience is a virtue I just can't wait to achieve - CalmShock
Anonymous Coward
User ID: 18713240
United States
02/19/2013 08:00 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
When you shipi millions of jobs overseas you destroy the American middle class, the biggest consumer class this world has ever seen. Without jobs, or fearing losing their jobs, the middle class stop spending.

Now there is no-one to buy the stuff these corporations sell. This was inevitable as most folks savings have now been decimated during this long recession.

The middle class is tapped out - so merchandise sits on the shelf.

Economic collapse begins in earnest once the sequester begins. Even GLP effect can't stop that
Anonymous Coward
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02/19/2013 08:56 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
O-care
Anonymous Coward
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02/19/2013 09:09 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
but...but...but...
Obama says it's getting better!
he wouldn't lie, would he?
Anonymous Coward
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Romania
02/19/2013 09:11 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores? When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses. But now it is being projected that all of them will close hundreds of stores before the end of 2013. Even Wal-Mart is running into problems. A recent internal Wal-Mart memo that was leaked to Bloomberg described February sales as a "total disaster". So why is this happening? Why are major retail chains all over America collapsing? Is the "retail apocalypse" upon us? Well, the truth is that this is just another sign that the U.S. economy is falling apart right in front of our eyes. Incomes are declining, taxes are going up, government dependence is at an all-time high, and according to the Bureau of Labor Statistics the percentage of the U.S. labor force that is employed has been steadily falling since 2006. The top 10% of all income earners in the U.S. are still doing very well, but most U.S. consumers are either flat broke or are drowning in debt. The large disposable incomes that the big retail chains have depended upon in the past simply are not there anymore. So retail chains all over the United States are now closing up unprofitable stores. This is especially true in low income areas.

When you step back and take a look at the bigger picture, the rapid decline of some of our largest retail chains really is stunning.

It is happening already in some areas, but soon half empty malls and boarded up storefronts will litter the landscapes of cities all over America.

Just check out some of these store closing numbers for 2013. These numbers are from a recent Yahoo Finance article...

Best Buy

Forecast store closings: 200 to 250

Sears Holding Corp.

Forecast store closings: Kmart 175 to 225, Sears 100 to 125

J.C. Penney

Forecast store closings: 300 to 350

Office Depot

Forecast store closings: 125 to 150

Barnes & Noble

Forecast store closings: 190 to 240, per company comments

Gamestop

Forecast store closings: 500 to 600

OfficeMax

Forecast store closings: 150 to 175

RadioShack

Forecast store closings: 450 to 550

[link to michaelsnyder.mensnewsdaily.com]
 Quoting: gebahie


in order for non profit organizations and public local open source corporations to rise above money and fear mongering :D
RockHall

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02/19/2013 03:28 PM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Mostly when a store sucks ass both in product quality and customer service , they are bound to go out of bisiness.
Way to go corporate business model! You suck! and you fail!
 Quoting: Anonymous Coward 24793065


Yeah...so like EVERY store is sucking ass.
Brilliant.

cruise


Try getting some new SHILLING MATERIAL from your Commie masters.

failyou
 Quoting: Useless Cookie Eater


Hello Cookie!

I have a question for you...

I'm in a mell of a hess as "smartbar" disbabled all of my boot options on my Dell Inspiron MT537.

Going as far back as I can in System Restore did nothing.

This change is apparently made at system default level because F9 does nothing. Every option indicates "disabled"...

Any ideas?
"I think, therefore I am..."
René Descartes

"I don't think, therefore I am not..."
RockHall

"The ONLY hope we have is Donald Trump"
...

Should Trump file for a recount in all the states he lost?
Absolutely.
Fair is fair.

Thread: Should Trump file for a recount in all the states he lost?
Anonymous Coward
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02/23/2020 12:53 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
It isn’t going to get better
Anonymous Coward
User ID: 78360482
United States
02/23/2020 12:55 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
The corporate model is finished and not working, it is the end of capitalism and I can't wait.
 Quoting: Anonymous Coward 16312313


Capitalism only doesn't work when you flood your country with low IQ people of color.
Anonymous Coward
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Canada
02/23/2020 01:21 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Private Equity.

Leveraged Buyout.

Vulture Capitalism.

Ok, a brief rundown:

Well run, profitable company (Toys R Us for instance). Gets bought out by Private Equity (Bain Capital for instance). Lots of cash on hand, lots of real estate, lots of inventory, great CREDIT.

All of these things can be leveraged (meaning huge loans). The loans are acquired. The borrowed money is paid to the operators of the Private Equity firm in the form of bonuses, and management fees.

The loans are HUGE! Now the once profitable company, with all of it's cash, real estate, inventory, and credit, is saddled with debt. The company is no longer in it for profit, but it is in it to pay the debt (which means bad working conditions and terrible wages for the literal debt slaves who man the till).

The wealth of the company has been gutted, and the equity drained to nothing. The debt becomes un-serviceable and the company will soon file for Chapter 11.

All of the recent growth, the recent Shopping Plazas, with their Best Buys, Charming Charlies, Home Goods, Forever 21, Office Depot's, etc. etc. create more debt, and more loans, which are skimmed and paid out to the "Firm". More debt, more money, closer and closer to collapse.

It's amazing that more people don't know how this works... At least in a cursory sense. However, this is what is happening, and will continue to happen.

The good news is, that, when it all collapses, the government will step in and bail out the banks who handed out all of these bad loans, and we'll be on the hook for it!!!!! Yay!!!!!! Enjoy!!!!!
Anonymous Coward
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Canada
02/23/2020 02:28 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
bump
RonBananas

User ID: 78509833
Costa Rica
02/23/2020 02:49 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
The primary cause of retail downturn is Obamacare, where $1,000 to $1,500 per month of discretionary spending is now sucked up by insurance companies, leaving the average American with no money left to buy things, go out to a dinner or a venue, take a vacation and so on. It is the one thing that is the primary cause of all spendable money being evaporated and the retail downturn.

Last Edited by RonBananas on 02/23/2020 03:15 AM
RonBananas

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Costa Rica
02/23/2020 03:09 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores? When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses. But now it is being projected that all of them will close hundreds of stores before the end of 2013. Even Wal-Mart is running into problems. A recent internal Wal-Mart memo that was leaked to Bloomberg described February sales as a "total disaster". So why is this happening? Why are major retail chains all over America collapsing? Is the "retail apocalypse" upon us? Well, the truth is that this is just another sign that the U.S. economy is falling apart right in front of our eyes. Incomes are declining, taxes are going up, government dependence is at an all-time high, and according to the Bureau of Labor Statistics the percentage of the U.S. labor force that is employed has been steadily falling since 2006. The top 10% of all income earners in the U.S. are still doing very well, but most U.S. consumers are either flat broke or are drowning in debt. The large disposable incomes that the big retail chains have depended upon in the past simply are not there anymore. So retail chains all over the United States are now closing up unprofitable stores. This is especially true in low income areas.

When you step back and take a look at the bigger picture, the rapid decline of some of our largest retail chains really is stunning.

It is happening already in some areas, but soon half empty malls and boarded up storefronts will litter the landscapes of cities all over America.

Just check out some of these store closing numbers for 2013. These numbers are from a recent Yahoo Finance article...

Best Buy

Forecast store closings: 200 to 250

Sears Holding Corp.

Forecast store closings: Kmart 175 to 225, Sears 100 to 125

J.C. Penney

Forecast store closings: 300 to 350

Office Depot

Forecast store closings: 125 to 150

Barnes & Noble

Forecast store closings: 190 to 240, per company comments

Gamestop

Forecast store closings: 500 to 600

OfficeMax

Forecast store closings: 150 to 175

RadioShack

Forecast store closings: 450 to 550

[link to michaelsnyder.mensnewsdaily.com]
 Quoting: gebahie


It's just in the states. I own a beautiful 3 bedroom home in Costa Rica outright and my property taxes are $88.00 a year, which includes weekly trash pickup all year.

My monthly health insurance bill is $115, including me and my wife with 100% medical and 100% prescriptions. It's a single payer system where the government runs it and pays 1 cent for an aspirin and not $12.00. Legal action against doctors is capped at 80 cents, that's right, the most you can sue a doctor here for is 80 cents. Most are trained in the U.S.

My cell phone bill is "pay as you go" with no payment monthly. I just recharged our phones, 20 bucks on each, it covers about 3 months worth of service.

You can just walk in the the pharmacy and get medications such as antibiotics, pain medications, etc. no doctor visit or prescription needed

Walk down the sidewalk and trip on a cracked section of concrete? No lawsuits, the "common sense" law of watching where you walk applies here.

Liability insurance for autos is included with your yearly registration, $200 a year for everything for us, own a brand new car and registration is about $2,000 a year.

I'm not gloating, just amazed at the difference between countries and how people in the U.S. are conditioned

The water here has been ranked as one of the cleanest in the world. I don't live in a slum, here's my neighborhood...

[link to images.app.goo.gl (secure)]

Last Edited by RonBananas on 02/23/2020 03:13 AM
Anonymous Coward
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Canada
02/23/2020 03:30 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
The primary cause of retail downturn is Obamacare, where $1,000 to $1,500 per month of discretionary spending is now sucked up by insurance companies, leaving the average American with no money left to buy things, go out to a dinner or a venue, take a vacation and so on. It is the one thing that is the primary cause of all spendable money being evaporated and the retail downturn.
 Quoting: RonBananas


You are completely clueless. The cause is that the companies are saddled with debt by private equity firms who trade the equity for cash, and leave the companies saddled with untenable debt. The companies are not profitable and are insolvent. The vulture capital business model. You seem like one of GLP's resident self described geniuses, how do you not know this? They run this scam over and over, and the public is on the hook for the bailouts... Again, how do you not know this?
Anonymous Coward
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02/23/2020 03:56 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
AMAZON.
Anonymous Coward
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02/23/2020 03:57 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Jeff Bezos/Net worth
127.7 billion USD
Anonymous Coward
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02/23/2020 03:58 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
How long before Bezos is the first Trillionaire?
notinfallible

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02/23/2020 04:27 AM

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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
How about we revisit a thread from 2013 and see what happens???

5a

Last Edited by notinfallible on 02/23/2020 04:27 AM
Brawndo's got electrolytes.
Anonymous Coward
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02/23/2020 04:27 AM
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Re: Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Amazon is sucking the life out small businesses....





GLP