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People read stores are closing and think this is terrible. Fact more stores are opening than closing.
Every year major stores close old outmoded stores when their leases expire as shopping has moved to a newer area of the city, and they like new bright stores.
On line shopping is not killing the retail business as a lot of people think.
People read stores are closing and think this is terrible. Fact more stores are opening than closing.
Every year major stores close old outmoded stores when their leases expire as shopping has moved to a newer area of the city, and they like new bright stores.
On line shopping is not killing the retail business as a lot of people think.
It's because the retailers that are failing are blue chips that dominated the mall space as anchors for decades. JC PENNY, sears, Kmart, and Macy. They are icons.
It makes me sad walking through these stores. It's literally like going to a time capsule to the past. They're empty and outdated. It's almost eerie.
The online shopping is only one part of why they're failing. Their failures are already poured over in business school long before they will even file bankruptcy. It certainly has accelerated it though. Price transparency is devastating.
You can't change the perception that retail is failing when names like that are going down.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Quote:
Originally Posted by Thatsright19
It's because the retailers that are failing are blue chips that dominated the mall space as anchors for decades. JC PENNY, sears, Kmart, and Macy. They are icons.
It makes me sad walking through these stores. It's literally like going to a time capsule to the past. They're empty and outdated. It's almost eerie.
The online shopping is only one part of why they're failing. Their failures are already poured over in business school long before they will even file bankruptcy. It certainly has accelerated it though. Price transparency is devastating.
You can't change the perception that retail is failing when names like that are going down.
It is a fact that retail sales are up, and many new ones are opening, the problem is that the growth is sales lags far behind the increases in population, and costs of doing business. Modest increases in overall sales cannot sustain a retail company, they need have big growth to keep up. We recently went to a local high-end mall that didn't renew the lease with JC Penney, because they wanted to add more parking, a new restaurant and a 365 market. Penneys was always like a ghost town, while the designer retail stores were busier. That whole department store model is just outdated and doomed to failure, even without the online competition. People now prefer going to specialty stores where they have more options for the item they are looking for, in a smaller setting with more attention given to them. Wandering all over a giant department store and then having to hunt for a cashier to pay is wasting a lot of time, and there is little patience these days with the apparent need for instant gratification.
It's because the retailers that are failing are blue chips that dominated the mall space as anchors for decades. JC PENNY, sears, Kmart, and Macy. They are icons.
It makes me sad walking through these stores. It's literally like going to a time capsule to the past. They're empty and outdated. It's almost eerie.
The online shopping is only one part of why they're failing. Their failures are already poured over in business school long before they will even file bankruptcy. It certainly has accelerated it though. Price transparency is devastating.
You can't change the perception that retail is failing when names like that are going down.
It's an example of MBA business models. They converted Sears from a mail order giant to a brick and mortar department store, then were totally oblivious when Amazon ate their lunch. Buying KMart was just doubling down on a losing hand. They could be selling the 2" thick Sears & Roebuck Catalog for $20, with online specials. Nobody ever ordered out of the catalog anyway, you just waited until it went on sale in the monthly sale catalog. Sears is being run by yahoos who never bought anything from Sears in their life.
Hmmm. Is that 6,100 jobs lost (seasonally adjusted) out of something around 15,000,000? If so, that might well be a noise record. I note that a further 2,100 jobs were lost (seasonally adjusted) in wholesale trade. Perhaps trade in general is coming to an end?
how many farmers did we lose when the industrial revolution began .
times change , jobs change and the way we do things change . always did .
a sign that a recession was about to begin as shown in the first chart.
You've done plenty of squawking about recessions that are about to begin, and don't appear to ever be right despite lovely charts.
Here you are back in 2016:
Quote:
Originally Posted by Irco
historically speaking we will see another recession starting later this year or next year. Below are a few charts on the Unemployment rate and Initial Claims.
If you could use charts as evidence of a recession starting later in 2016 or 2017, and the economy was just fine, how are you so certain that your ability interpret charts to predict recessions has improved?
Maybe you can pull a Peter Schiff and keep on predicting it every year until it happens.
Before you know it, online shopping would be the only option exist. The next phase would be, online ordering for in-person pick up with a valid government issued ID and verifiable through whatever system they decided to use.
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