Posted on 05/03/2015 4:02:11 PM PDT by dennisw
Too many stores, too much clothing in people’s closets. Many people could last 20 years with the stuff they have.
also worthy of note is that people are buying stuff online
My take is that a lot of business and retail selling is done today in non-taxable ways via the black market, grey market, mobile food trucks that dodge taxes and so on.
Also uber and airbnb....taxes are not paid. IOW a lot of immigrants and liberals are going Galt
Many stores will be closing over the next two years. They are literally running on empty, if you go into most of them Monday thru Friday and often Sunday afternoons.
They cannot keep bleeding borrowed cash, even at the lower interest rates.
A lot of these are expensive clothing chains I shopped at during and after college. Now that I’m a bit older, I don’t care that my jeans aren’t Abercrombie. A lot of parents I know are scaling back on kids’ clothing.
When they go bust we can subdivide them for housing for third world illegal aliens and their broods
There’s was a little store close to me that had been there for decades and I loved it. It sold make up, perfume, did facials, etc. They provided services you can’t buy online. The clients were upper middle class mostly. The owner had to declare bankruptcy a few months ago - and she cited a dwindling lack of disposable income.
Our taxes are too high in this state and everything going on is having a snowball effect on more than just the “poor”.
>>>also worthy of note is that people are buying stuff online<<<
Personally I love Amazon. More choice. Good prices. Usually no sales tax. And you don’t have to put up with crowds. I’m a man obviously and there is no thrill to shop for me. I bet many men are exactly like me. And in today’s world there are so many more men shopping than before.
Most people don’t have disposable income.
After rent, utilities, groceries - there’s nothing left over.
And people have no money to buy and the market is following suit.
The day of the high-priced marked up over MSRP mall store is over.
Pet store quality dog food is cheaper on Amazon than in the local feed store. Plus free shipping and zero sales tax makes it a bargain.
UPS just drops the big bag at my doorstep - now there’s convenience and I no longer have to drive to park and go into the store to buy what I need.
I agree. I don’t even have any for those first three things.
I worry when more of the country finds out first hand how bad things are. This depression is going to generate a lot of (or more of) crime, I think.
Hey, America, how’s that hope and change working out?
Yes I do but they are chock full of good useful information.
although the economy is not growing, a primary reason for the closings is over exhuberant expansion. Sales projections and growth based on over optimistic extrapolations resulted in unwarranted growth.
I predict that will be the fate of more and more motels and certain hotels.
No hope and very little spare change.
Also Malls are uncomfortable during holiday. Seems “Homeland Security’ is obsessed with Conservative White Christians - while the rest of us are worried about radical Muslims...
Liberal elites running stores don’t like everyday Americans - and we’re half the population... If they only want liberal elite shoppers they should close down the large stores and open small boutiques... Liberal elites make everything they touch joyless...
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