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The same could be said for Main Street, yes? They too battled behemoth's entering the market. Is it your modus operandi to chastise them as well?
Main Street... forgot about them. I like that store and seems to be doing well in the couple of neighborhoods. Actually, just bought a cake from Main Street in Plano, last week. And this one is right across from a (usually packed to the gills) Whole Foods.
Only losers make excuses and fold. I wouldn't count Main Street among them. Battles are meant to be won, even if you lose.
"Hostess files for Chapter 11 It's the second bankruptcy filing for the maker of HoHos, DingDongs and Twinkies. The company cites union contracts and pensions."
And when your recession is going into the 5th year the growing debt overwhelms more and more of these businesses.
I'm watching and waiting for the national brands to start cutting back on their offerings.
I mean 20 different flavors of Philadelphia Cream Cheese..really ?
Store brands are now taking up the middle shelf instead of being placed on the bottom shelf near the floor..that says a lot.
But most people don't pay attention to the little everyday changes.
They react when they see headlines like this.
Krogers already cut all their coffee brands down. No one is paying 14.99 for the Starbucks or Dunkin Donuts brand names.
In the news yesterday there were recommendations to buy stock in The Dollar Store...there are poor people who actually food shop there. Food Lion is disgusting so its just as well they closed. There is one poorly managed store in Carter County.
Your labor market and economy have been steadily declining for some time, and it has nothing to do with Bush or Obama (or Clinton for that matter). The truth of the matter is that the US (through its very bad foreign policy) created an playing field so tilted to its advantage, that no one else could compete. That gave you wages and salaries that were grotesquely over-inflated and the Extravagant American Life-Styleâ„¢.
That's right.
Quote:
Originally Posted by Mircea
And don't be surprised if Meijers or Kroger's starts buying Rite-Aid, CVS and Walgreens, because those will be history in a few years too. Note that Kroger's has adatped the Wal*Mart model. Is that an admission of failure? No, that is recognizing changing market needs and responding by adopting and modifying a successful model.
I wonder whether the 1998 merger with Fred Meyer had a role in Kroger's shift toward the hypermarket model. Freddy's was one of the first to develop that concept.
No, it is not really getting better. We had the typical, December surge of added jobs. We have folks that are not even counted in the system because they've stopped, be it temporarily or not, looking for a job.
We have no-telling how many stats that are and/or will be faked to get "their" man elected again. The stakes are astronomically high and so will be the shenanigans.
If "they" can fake it and give us a temporary illusion of an improving economy they of course are going to do so.
Krogers already cut all their coffee brands down. No one is paying 14.99 for the Starbucks or Dunkin Donuts brand names.
In the news yesterday there were recommendations to buy stock in The Dollar Store...there are poor people who actually food shop there. Food Lion is disgusting so its just as well they closed. There is one poorly managed store in Carter County.
Sadly, Barnes & Noble is slated to be next .
I'm considering moving into the Dollar Store market as we speak. There are many compelling reasons, the recession being just one of those reasons.
Why do you say B&N is next? I read that they were chastised for considering spinning off their E-book business, but I haven't seen anything that signals going under. What's the word?
Krogers already cut all their coffee brands down. No one is paying 14.99 for the Starbucks or Dunkin Donuts brand names.
In the news yesterday there were recommendations to buy stock in The Dollar Store...there are poor people who actually food shop there. Food Lion is disgusting so its just as well they closed. There is one poorly managed store in Carter County.
Sadly, Barnes & Noble is slated to be next .
Heck I even go shopping in the dollar store every now and then because it's near the supermarket but not for food although they sell food there.
The dollar store is quite sufficient when you aren't looking for quality (like storage buckets/pails for various crap around the house).
And they've expanded a lot over the past few years. Some of the bigger ones remind me of the old Woolworth's or John's Bargain Stores (a NYC store in the late 70's).
B and N was in the news this morning, along with Best Buy and GameStation.
barnes and noble is a nice store but I guess they arent competitive enough. the one in tri cities (NE tenn) is usually empty, plus they have a coffee bistro thing that no one uses.
alot of big chains tried that before going under. In S. Florida Albertsons used to have a super-nice (but expensive) coffee bar as you walked in to go food shopping. It appears the "up-market" of marketing no longer exists.
Kroger will be putting Rite-Aid out of business IMO. Its just easier to get ur Rx while food shopping, the smaller drug stores are going to take a big hit, imo.
However, as a former employee and based on my experience, I will say that Blockbuster was not a good company to work for. As a former customer and based on my experience, I will say that Blockbuster was not a good company to patronize.
[so...good]
Blockbusters, though, seemed to hire younger people as do the supermarkets. I'm assuming a lot of them are after-schoolers/weekenders/part-timers. They also probably don't hire a lot of people with college degrees as full timers.
Look at who makes up the highest unemployment rates. When these stores go down, the groups already suffering the most are suffering more. That would be your 16 - 19 year olds and your people with no high school diploma and people with just a high school diploma.
People want to think one company failing means there is no reaction in the market.
Blockbuster fails - other companies fill their void. ... Don't you remember all the mom and pop video stores put out of business when Blockbuster came around?
I watched Safeway, Kroger, Piggly Wiggly, Winn Dixie and others fold, but others opened their doors to revamp the opportunity.
This is a normal business cycle. what will be said when Walmart fails? will the thousands of mom and pops they put out of business be remembered? Do you recall Rubbermaid?... Walmart put them out of business too. Diminishing returns are a factor of business. No one is immune.
Once Sears was the biggest now they are barely alive
Once Western Auto was the biggest - now they are a memory
Do you remember TWA? Braniff? Western Electric?
Here is the simple economics lesson.
Market has a demand.....people buy and company grows. Others see the money made and enter the market selling the same thing and water down the earnings of the first.
market demands change and the stores evolve or vanish.
There will be many more to fail
Here are my guesses
Best Buy
Pottery barn
Yum Brands
KFC
Long John Silvers
Penney's
Chrysler
Bank of America
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Unions are killing jobs, that is just a fact.
