Skip to comments.Retail Apocalypse? Major Chains Closing Hundreds Of Stores
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 Americas 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 Penneys 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.
Macys, 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 ...
Is it my imagination or are these Anti-Traditional Value stores?
Commie-run dictatorship doing what it does best.
Destroying the economy.
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.
If you blame it on Obamacare , you’ll have to stay open or go to jail
> 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.
Don't know. My neighbors work in these stores and when I go in to buy something they never say anything.
I miss Hechts.
They replaced it with Macy’s here in Malls that survived.
Macy’s is way overpriced.
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.
Our Belks store is closing................
Yeah, but who’s going to pay my mortgage?! Unfair, I say!
” JOB LOCK “
You`re free now. Fly little birdy fly !
Home Depot doesn’t seem to be ‘hurt’ by their homo stand.
People are broke, or afraid and conserving discretionary dollars.
The actual unemployment is around 18%.
What’s the mystery?
They need to keep current. Those aren’t eliminated jobs, those are liberated workers.
Keine arbeit macht frei.
Bull. This assumes that people will just stop buying clothes and food and appliances simply because a store near them closes.
“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.
Or buying stuff online.
stole your graphic.
Go to where you live and where you grew up to see if your favorites are represented accurately.
Don't forget they can cook meals for their families now too.
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!
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.
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.
We didn’t have malls when I grew up....................;^)
“Dont 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
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.
Why would I want to go to a mall with all of the rampaging Trayvons going around the stores?
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.
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.
So whats 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.
Another good point.
Democrats: Think of all those people who will have more time for leisure now! Those awful jobs are going and we are liberated!
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.”
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
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)
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.
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?
The AFA is not nearly tough enough in their standards
“Progressive insurance would be right behind them ...”
Is Flo a lesbian? Who knew.
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.
Free Traitors have ruined this country. There will be a reckoning.
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.
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.