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Retail Apocalypse? Major Chains Closing Hundreds Of Stores
http://newswatch.us ^ | February 11 2014 | D. Jennings

Posted on 02/11/2014 10:49:47 AM PST by Para-Ord.45

Hundreds of stores across the nation are closing as some of America’s most famous retailers struggle to stay in business. The country is facing what CNBC has labeled a tsunami of store closings and blogger Michael Snyder has called a retail apocalypse.

JC Penney, which lost $586 million in three months in 2013, is planning to close 33 stores in 19 states and lay off 2,000 people. JC Penney’s stock has lost 84 percent of its value since February 2012.

Sears has decided to shut down its flagship store in Downtown Chicago, and it has closed 300 stores in the United States since 2010.

Macy’s, one of the few retail success stories, is planning to close five stores and eliminate 2,500 jobs.

Radio Shack is preparing to close 500 stores, according to The Wall Street Journal.

Best Buy recently closed 50 stores and eliminated 950 jobs at stores in Canada.

Target announced plans to eliminate 475 jobs and not fill 700 empty positions to reduce costs

(Excerpt) Read more at newswatch.us ...


TOPICS: Canada; News/Current Events; US: Illinois
KEYWORDS: bestbuy; canada; chicago; cnbc; illinois; jcpenney; macys; michaelsnyder; obamarecession; obamataxhikes; radioshack; retailapocalypse; sears; target; walmart
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1 posted on 02/11/2014 10:49:47 AM PST by Para-Ord.45
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To: Para-Ord.45

Is it my imagination or are these Anti-Traditional Value stores?


2 posted on 02/11/2014 10:50:54 AM PST by stars & stripes forever (Blessed is the nation whose God is the Lord.)
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To: Para-Ord.45

3 posted on 02/11/2014 10:51:59 AM PST by SoFloFreeper
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To: Para-Ord.45

Commie-run dictatorship doing what it does best.

Destroying the economy.


4 posted on 02/11/2014 10:52:03 AM PST by Westbrook (Children do not divide your love, they multiply it.)
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To: Para-Ord.45

But this is good news isn’t it? According to Democrats at least. Now all these employees can be free from the drudgery of work. They can stay home and sit on their butts and enjoy life.


5 posted on 02/11/2014 10:52:26 AM PST by Nevadan
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To: Para-Ord.45

If you blame it on Obamacare , you’ll have to stay open or go to jail


6 posted on 02/11/2014 10:53:01 AM PST by molson209 (Hillary Clinton)
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To: stars & stripes forever

> Is it my imagination or are these Anti-Traditional Value stores?

Don’t know about Sears or Radio Shack, but JC Penney is a big homo promoter, as are Best Buy and Target.


7 posted on 02/11/2014 10:53:42 AM PST by Westbrook (Children do not divide your love, they multiply it.)
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To: stars & stripes forever
Is it my imagination or are these Anti-Traditional Value stores?

Don't know. My neighbors work in these stores and when I go in to buy something they never say anything.

8 posted on 02/11/2014 10:55:15 AM PST by Starstruck (If my reply offends, you probably don't understand sarcasm or criticism...or do.)
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To: Para-Ord.45

I miss Hechts.
They replaced it with Macy’s here in Malls that survived.

Macy’s is way overpriced.


9 posted on 02/11/2014 10:55:33 AM PST by sickoflibs (Obama : 'Any path to US citizenship for illegals HERE is a special path to it ')
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To: Para-Ord.45

Several thousand employees who voted for King Obama will no longer have to endure the daily agony of Job-Lock.

I do have empathy for the innocent people losing their jobs and who did not vote for the King.


10 posted on 02/11/2014 10:56:05 AM PST by Iron Munro ("Show me the man, and I'll show you the crime." - Lavrentiy Beria (& Eric Holder))
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To: Para-Ord.45

Our Belks store is closing................


11 posted on 02/11/2014 10:56:23 AM PST by Red Badger (Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
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To: Nevadan

Yeah, but who’s going to pay my mortgage?! Unfair, I say!


12 posted on 02/11/2014 10:56:32 AM PST by miss marmelstein (Richard Lives Yet!)
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To: Nevadan

” JOB LOCK “

You`re free now. Fly little birdy fly !


13 posted on 02/11/2014 10:57:20 AM PST by Para-Ord.45 (Americans, happy in tutelage by the reflection that they have chosen their own dictators.)
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To: Westbrook

Home Depot doesn’t seem to be ‘hurt’ by their homo stand.


14 posted on 02/11/2014 10:57:36 AM PST by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: Para-Ord.45

People are broke, or afraid and conserving discretionary dollars.

The actual unemployment is around 18%.

What’s the mystery?


15 posted on 02/11/2014 10:57:54 AM PST by William of Barsoom (In Omnia, Paratus)
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To: sickoflibs

http://departmentstoremuseum.blogspot.com


16 posted on 02/11/2014 10:58:55 AM PST by Red Badger (Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
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To: Para-Ord.45

They need to keep current. Those aren’t eliminated jobs, those are liberated workers.


17 posted on 02/11/2014 10:59:32 AM PST by Vince Ferrer
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To: Nevadan
Now all these employees can be free from the drudgery of work.

Keine arbeit macht frei.


18 posted on 02/11/2014 11:00:31 AM PST by Paine in the Neck (Our Lives, our Fortunes, and our sacred Honor)
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To: Para-Ord.45
hundreds of millions of dollars in sales tax revenue will disappear.

Bull. This assumes that people will just stop buying clothes and food and appliances simply because a store near them closes.

19 posted on 02/11/2014 11:00:31 AM PST by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: FReepers

Click The Pic To Donate

Support FR, Donate Monthly If You Can

20 posted on 02/11/2014 11:00:43 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: stars & stripes forever

“Is it my imagination or are these Anti-Traditional Value stores?”

I think that’s a stretch. The civilians are plain tapped out and/or bunkering down.


21 posted on 02/11/2014 11:04:30 AM PST by WinMod70
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To: WinMod70

Or buying stuff online.


22 posted on 02/11/2014 11:05:15 AM PST by dfwgator
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To: Para-Ord.45; SoFloFreeper

pResident 0'Dungo's DeathCARE
is = (deliberate) Economic Terrorism.

stole your graphic.


23 posted on 02/11/2014 11:05:26 AM PST by skinkinthegrass (The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
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To: Red Badger
Here's one very similar that I love.

deadmalls.com/

deadmalls.com (select area of interest)

Go to where you live and where you grew up to see if your favorites are represented accurately.

24 posted on 02/11/2014 11:06:11 AM PST by sickoflibs (Obama : 'Any path to US citizenship for illegals HERE is a special path to it ')
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To: Nevadan
"They can stay home and sit on their butts and enjoy life."

Don't forget they can cook meals for their families now too.

25 posted on 02/11/2014 11:06:20 AM PST by mosaicwolf (Strength and Honor)
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To: Para-Ord.45

And what are these chains doing to try and right their positions and return to health?

LOBBYING FOR AN INTERNET SALES TAX ON THEIR ONLINE COMPETITORS!

Oy Vey!


26 posted on 02/11/2014 11:06:28 AM PST by Buckeye McFrog
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To: Blood of Tyrants

They could not possibly be closing these stores because they discovered they had opened too many of them and that folks are spending less time in malls and more time ordering online.


27 posted on 02/11/2014 11:06:40 AM PST by dmz
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To: Para-Ord.45

You don’t need a weatherman to see which way the wind blows. Food prices are rising, energy prices are rising, health care prices are rising... What is left for discretionary spending?
Reminds me of the Oprah segment from Copenhagen. Oprah visited an upper middle class family’s small apartment and asked ‘Where do you keep your stuff?’ They answered, “What stuff?”
Democratic Social Economic Populism here we come.


28 posted on 02/11/2014 11:08:35 AM PST by griswold3 (Post-Christian America is living on borrowed moral heritage)
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To: sickoflibs

We didn’t have malls when I grew up....................;^)


29 posted on 02/11/2014 11:08:54 AM PST by Red Badger (Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
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To: Westbrook

“Don’t know about Sears or Radio Shack, but JC Penney is a big homo promoter, as are Best Buy and Target.”

Radio Shack madethe American Family Association ‘Naughty List’ on the Christmas-Friendly barometer.

Target and Sears were added to the Christmas-Friendly list after an extended boycott last year.

It must be the economy. /s


30 posted on 02/11/2014 11:08:54 AM PST by stars & stripes forever (Blessed is the nation whose God is the Lord.)
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To: WinMod70

J C Penney did themselves in with their homo ad program. Not sure about the rest.
Progressive insurance would be right behind them, except the margins are high enough to keep them going.


31 posted on 02/11/2014 11:09:31 AM PST by Fireone (Impeach and imprison, NOW! Treason and murder are still crimes.)
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To: griswold3

Why would I want to go to a mall with all of the rampaging Trayvons going around the stores?


32 posted on 02/11/2014 11:10:30 AM PST by dfwgator
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To: dfwgator

Good point. But that only accounts for half the population. Going out shopping (gathering) is part of the female genetic code, well and nancy boys.


33 posted on 02/11/2014 11:12:38 AM PST by WinMod70
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To: stars & stripes forever

I think it’s mostly a bad economy and the continued onslaught of online shopping.

If promoting/accepting homosexuality was a major negative factor, I’d think Apple/Amazon/Home Despot/Starbucks etc would be in the dumper.


34 posted on 02/11/2014 11:16:44 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: Pride in the USA
No new indoor shopping malls have been built in the United States since 2006, real estate executive Rick Caruso told CNBC.

Wow.

So what’s causing the retail apocalypse? Different analysts have different answers. Motley Fool writer John Maxfield blames Amazon.com and other online retailers. Maxfield notes that online retailers have lower overhead and often can offer better prices.

amazon and Walmart will be the last two standing. Once they've eliminated all (or most) of the competition, they will raise their prices and increase their profitability.

35 posted on 02/11/2014 11:18:10 AM PST by lonevoice (We can evade reality, but we cannot evade the consequences of evading reality)
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To: Westbrook
The 'Cloward & Piven' shut down of America continues..
36 posted on 02/11/2014 11:19:25 AM PST by CivilWarBrewing
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To: dfwgator

Another good point.


37 posted on 02/11/2014 11:20:00 AM PST by griswold3 (Post-Christian America is living on borrowed moral heritage)
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To: stars & stripes forever
Is it my imagination or are these Anti-Traditional Value stores?

Like Amazon?

38 posted on 02/11/2014 11:21:40 AM PST by Drew68
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To: Para-Ord.45

Democrats: Think of all those people who will have more time for leisure now! Those awful jobs are going and we are liberated!

/sarc


39 posted on 02/11/2014 11:24:03 AM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: SoFloFreeper

The image you posted “my work here is done”, came to my mind before I even opened the thread. However, I was thinking it is incorrect and should read “My work here has just begun.”


40 posted on 02/11/2014 11:24:33 AM PST by Carthego delenda est
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To: Westbrook

Sears is also K-Mart, which ticked a lot of people off by thinking singing genitals is a good way to celebrate the birth of Jesus. Plus K-Mart is pretty pro-gay too


41 posted on 02/11/2014 11:25:50 AM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: All

Wal Mart is now giving Same Sex couples benefits...so not all pro gay retailers...I guess Wal Mart guess a pass because they are so Free Trade Communist (with gay now too)


42 posted on 02/11/2014 11:27:37 AM PST by SeminoleCounty (Diversity is just racism against white folks)
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To: GeronL

This must be all LIES! How can this be? Clown Prince nobama, the all-knowing, said the economy is moving forward. The writer must be a racist.


43 posted on 02/11/2014 11:27:51 AM PST by hal ogen (First Amendment or Reeducation Camp?)
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To: Para-Ord.45

The retail mentality of the chains brought it upon themselves. Why should I go to the mall for mass-produced merchandise that’s all the same when Amazon offers a sales platform for more individualistic smaller retailers?


44 posted on 02/11/2014 11:28:39 AM PST by grania
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To: stars & stripes forever

The AFA is not nearly tough enough in their standards


45 posted on 02/11/2014 11:29:01 AM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: Fireone

“Progressive insurance would be right behind them ...”

Is Flo a lesbian? Who knew.


46 posted on 02/11/2014 11:32:08 AM PST by JohnnyP
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To: stars & stripes forever

More likely a product of both.

In a lousy economy even small shifts in purchasing habits and decisions can have big consequences for retailers/sellers. Small scale boycotts end up benefiting from a multiplier effect that makes their impact much larger than it would be in a roaring economy.


47 posted on 02/11/2014 11:32:20 AM PST by tanknetter
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To: Para-Ord.45
The people who used to shop at these stores had their well paying jobs moved to Red China and other Third-world hell pits by Free Traitors. Now instead of shopping at Middle-class stores these same people shop, when they can, at Walmart and dollar stores.

Free Traitors have ruined this country. There will be a reckoning.

48 posted on 02/11/2014 11:38:52 AM PST by Count of Monte Fisto (The foundation of modern society is the denial of reality.)
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To: grania

I like Ebay; excellent stuff that the stores don’t bother to even try to stock at all. I find blouses and pants that are better than the tripe that the stores don’t try to stock.

I mean, the buyers for these stores are supposed to find good stuff, but they aren’t bothering at all. It’s the same old tripe (the young adult stores stock mainly club wear and hooker haute couture) and nothing I’m really interested in anymore.

If these stores stocked good stuff, then there would be people buying, but they aren’t stocking anything other than what Hollywood makes fashionable, which means slutty (skinny) jeans and skin bearing tripe.


49 posted on 02/11/2014 11:45:23 AM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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To: Count of Monte Fisto

Right there; why buy if you don’t have the ability to pay or the real quality materials? Online shopping is a lot less expensive and a lot less of a hassle.


50 posted on 02/11/2014 11:46:15 AM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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