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| 07:51 AM | ||
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Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing? | |
gebahie  User ID: 10118097  United States02/19/2013 04:00 AM  Report Abusive Post Report Copyright Violation | |
| AlaskaLove User ID: 33563100 United States02/19/2013 04:01 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 28870983 United States02/19/2013 04:02 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 28870983 United States02/19/2013 04:03 AM Report Abusive Post Report Copyright Violation | |
| Children of the Atom User ID: 20257839 United States02/19/2013 04:06 AM Report Abusive Post Report Copyright Violation | |
| AlaskaLove User ID: 33563100 United States02/19/2013 04:07 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 24793065 United States02/19/2013 04:07 AM Report Abusive Post Report Copyright Violation | |
| Useless Cookie Eater User ID: 29696048 United States02/19/2013 04:10 AM Report Abusive Post Report Copyright Violation | Mostly when a store sucks ass both in product quality and customer service , they are bound to go out of bisiness. Quoting: Anonymous Coward 24793065 Way to go corporate business model! You suck! and you fail! Yeah...so like EVERY store is sucking ass. Brilliant.  Try getting some new SHILLING MATERIAL from your Commie masters.  |
| Anonymous Coward User ID: 24793065 United States02/19/2013 04:27 AM Report Abusive Post Report Copyright Violation | Mostly when a store sucks ass both in product quality and customer service , they are bound to go out of bisiness. Quoting: Anonymous Coward 24793065 Way to go corporate business model! You suck! and you fail! Yeah...so like EVERY store is sucking ass. Brilliant. Try getting some new SHILLING MATERIAL from your Commie masters. :failyou: 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 User ID: 20257839 United States02/19/2013 04:28 AM Report Abusive Post Report Copyright Violation | Mostly when a store sucks ass both in product quality and customer service , they are bound to go out of bisiness. Quoting: Anonymous Coward 24793065 Way to go corporate business model! You suck! and you fail! Yeah...so like EVERY store is sucking ass. Brilliant. Try getting some new SHILLING MATERIAL from your Commie masters.  |
| Anonymous Coward User ID: 32336793 United States02/19/2013 04:33 AM Report Abusive Post Report Copyright Violation | 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 User ID: 16312313  Canada02/19/2013 07:19 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 31962559 Canada02/19/2013 07:27 AM Report Abusive Post Report Copyright Violation | Because crappy shit companies like Best Buys charge up the ass and have horrible customer service. Quoting: Anonymous Coward 32336793 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. /\ /\ this /\ /\ |
| CalmShock User ID: 5056346 Canada02/19/2013 07:53 AM Report Abusive Post Report Copyright Violation | Mostly when a store sucks ass both in product quality and customer service , they are bound to go out of bisiness. Quoting: Anonymous Coward 24793065 Way to go corporate business model! You suck! and you fail! Yeah...so like EVERY store is sucking ass. Brilliant. Try getting some new SHILLING MATERIAL from your Commie masters. 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...  We're on to you. Patience is a virtue I just can't wait to achieve - CalmShock |
| Anonymous Coward User ID: 18713240 United States02/19/2013 08:00 AM Report Abusive Post Report Copyright Violation | 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 User ID: 34452298 United States02/19/2013 08:56 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 34559884 United States02/19/2013 09:09 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 34743512  Romania02/19/2013 09:11 AM Report Abusive Post Report Copyright Violation | 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. Quoting: gebahie 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] in order for non profit organizations and public local open source corporations to rise above money and fear mongering :D |
| RockHall User ID: 33955437 United States02/19/2013 03:28 PM Report Abusive Post Report Copyright Violation | Mostly when a store sucks ass both in product quality and customer service , they are bound to go out of bisiness. Quoting: Anonymous Coward 24793065 Way to go corporate business model! You suck! and you fail! Yeah...so like EVERY store is sucking ass. Brilliant. Try getting some new SHILLING MATERIAL from your Commie masters. 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 User ID: 72289491 United States02/23/2020 12:53 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78360482 United States02/23/2020 12:55 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 74528399 United States02/23/2020 01:21 AM Report Abusive Post Report Copyright Violation | 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 User ID: 74528399 United States02/23/2020 02:28 AM Report Abusive Post Report Copyright Violation | |
| RonBananas User ID: 78509833  Costa Rica02/23/2020 02:49 AM Report Abusive Post Report Copyright Violation | 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 User ID: 78509833 Costa Rica02/23/2020 03:09 AM Report Abusive Post Report Copyright Violation | 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. Quoting: gebahie 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] 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 User ID: 74528399 United States02/23/2020 03:30 AM Report Abusive Post Report Copyright Violation | 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 User ID: 78512479 United States02/23/2020 03:56 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78512479 United States02/23/2020 03:57 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78512479 United States02/23/2020 03:58 AM Report Abusive Post Report Copyright Violation | |
| notinfallible User ID: 78507696 United States02/23/2020 04:27 AM  Report Abusive Post Report Copyright Violation | How about we revisit a thread from 2013 and see what happens???  Last Edited by notinfallible on 02/23/2020 04:27 AM Brawndo's got electrolytes. |
| Anonymous Coward User ID: 76635370 United States02/23/2020 04:27 AM Report Abusive Post Report Copyright Violation | |
