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Thread: The retail apocalypse has officially descended on America

  1. #211
    Quote Originally Posted by Working Poor View Post
    I have been hatching an idea for Apocalypse Vacations.
    As long as I don't have to drink tang or $#@! my pants, launch me in a rocket into the stars.



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  3. #212
    Kid Komrade at 1 mo.
    Quote Originally Posted by fedupinmo View Post
    Kid Komrade at 1 yr.

  4. #213
    Quote Originally Posted by Raginfridus View Post
    As long as I don't have to drink tang or $#@! my pants, launch me in a rocket into the stars.
    Whatchu gotta gainst Tang?

    Quote Originally Posted by Andrew Ryan
    In Washington you can see them everywhere: the Parasites and baby Stalins sucking the life out of a once-great nation.

  5. #214
    As long as tang on Poon has lots of pulp, I'm OK.

  6. #215
    Back to the OP. I'm watching a report on "retail-tainment," or experience retail, where stores are creating experiences like golf simulators, exercise try-outs, whatever, to "delight" the customer so they will come into b&m stores.

    Dear Retailers: I would be delighted to walk into a store, find the product I want, and then be able to pay for it and go home without waiting in super long queues. I would also like to have cashiers who actually know how to count change because I don't use your store's credit card, so please don't make them try to upsell me one. All I want is service.
    "There are two freedoms - the false, where a man is free to do what he likes; the true, where he is free to do what he ought."~~Charles Kingsley

  7. #216
    Quote Originally Posted by euphemia View Post
    Back to the OP. I'm watching a report on "retail-tainment," or experience retail, where stores are creating experiences like golf simulators, exercise try-outs, whatever, to "delight" the customer so they will come into b&m stores.

    Dear Retailers: I would be delighted to walk into a store, find the product I want, and then be able to pay for it and go home without waiting in super long queues. I would also like to have cashiers who actually know how to count change because I don't use your store's credit card, so please don't make them try to upsell me one. All I want is service.
    Dear Retailers: Dont send me to your website when I am physically standing in your store.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintian an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    You are Ron Paul's Media!

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.



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  9. #217
    Quote Originally Posted by Zippyjuan View Post
    Somebody is filling up the retail space. Vacancies have been declining.
    That is vacancy rates. What is happening to the total available retail space? Is it growing, remaining flat, or declining?
    And why did you not post this to begin with? Almost if your presented a statistic to only persuade, not inform.

  10. #218
    Quote Originally Posted by LibForestPaul View Post
    That is vacancy rates. What is happening to the total available retail space? Is it growing, remaining flat, or declining?
    And why did you not post this to begin with? Almost if your presented a statistic to only persuade, not inform.
    Good point about rates. In my mid-size Agenda 21 city, a lot of the retail space that was once strip malls and stand-alone units has been demolished and replaced with mixed use Agenda 21 condo developments. More is demolished daily. The total square footage of retail space has definitely been reduced. Then there's the low-profile gray-area-of-legality gambling parlors taking over from spaces previously occupied by retailers like carpet sales and other services no longer needed because of the condo developments. This is also why delivery services are being pushed onto everyone.

    It's a combination of less money to spend and less options to spend at, not some giant demand for online commerce. All very intentional, of course, as part of Agenda 21 and the loss of dollar global reserve status.
    Last edited by devil21; 12-09-2017 at 02:12 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  11. #219
    Sears announced it will be closing an additional 64 Kmart and 29 Sears stores
    "Let it not be said that we did nothing." - Dr. Ron Paul. "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
    "War is the health of the State." - Randolph Bourne "Freedom is the answer. ... Now, what's the question?" - Ernie Hancock.

  12. #220

    Barnes & Noble layoff in the works

    https://www.retailcustomerexperience...-in-the-works/

    Feb. 15, 2018

    The holiday season didn't prove to be a boon for beleaguered bookseller Barnes & Noble, and the retailer is laying off workers.

    In a statement, company officials stated it was "adjusting staffing" to meet needs of existing business and customers and that as “the business improves we'll adjust accordingly."

    The news comes following reports of healthy retail sales increases at the end of 2017 compared to 2016, and as companies are doling out bonuses and pay raises primarily due to the federal tax reform. The National Retail Federation expects the robust retail sales trend to continue this year, as Retail Customer Experience previously reported.

    Barnes & Noble did not provide the number of workers being laid off, according to a USA Today report, or which roles and markets may be impacted.

  13. #221
    The book business has been struggling for a long time- between the growth of the internet and Amazon. Retail in general has been doing fairly well.

    The news comes following reports of healthy retail sales increases at the end of 2017 compared to 2016, and as companies are doling out bonuses and pay raises primarily due to the federal tax reform. The National Retail Federation expects the robust retail sales trend to continue this year, as Retail Customer Experience previously reported.
    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    Quote Originally Posted by NorthCarolinaLiberty View Post
    I didn't actually read any of the thread. I now mostly just come here to mess with Zip.
    I am Zippy and I approve of this post. But you don't have to.

  14. #222

    Toys ‘R’ Us Is Prepping to Liquidate Its U.S. Operations

    https://www.bloomberg.com/news/artic...u-s-operations

    March 8, 2018

    Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter.

    While the situation is still fluid, a shutdown of the U.S. division has become increasingly likely in recent days, said the people, who asked not to be identified because the information is private. Hopes are fading that a buyer will emerge to keep some of the business operating, or that lenders will agree on terms of a debt restructuring, the people said.

    The toy chain’s U.S. division entered bankruptcy in September, planning to emerge with a leaner business model and more manageable debt. A new $3.1 billion loan was obtained to keep the stores open during the turnaround effort, but results worsened more than expected during the holidays, casting doubt on the chain’s viability.

    “While a Chapter 11 bankruptcy provides a company with breathing space, it is incumbent on the debtors’ management to show how it intends to reorganize as a going concern,” said Gregory Plotko, a partner in the bankruptcy practice at Richards Kibbe & Orbe LLP. “My sense is that the major creditor group has not yet heard a compelling enough story, nor has a ‘white knight’ appeared.”

    ... https://www.bloomberg.com/news/artic...u-s-operations

  15. #223



    Crocs closing all manufacturing facilities, announces CFO's resignation

    NIWOT, Colorado — The last of Crocs Inc.'s manufacturing facilities, located in Italy, is going to close, the company announced.

    It also closed its plant in Mexico. Crocs leaders did not give information on how it will continue producing its products during its second-quarter earnings report this week.

    The company grew its second-quarter earnings and revenue by 4.7 percent year-over-year. But Crocs Inc. is operating fewer stores.

    The company has not said if it plans to shutter more stores in the U.S. It expects revenue to increase, in the single digits, by the year's end.

    Crocs Inc.'s chief financial officer, Carrie Teffner, plans to resign from the company effective April 1, 2019. Anne Mehlman will take her place.

    https://www.abcactionnews.com/news/n...fo-resignation
    Quote Originally Posted by Ron Paul View Post
    The intellectual battle for liberty can appear to be a lonely one at times. However, the numbers are not as important as the principles that we hold. Leonard Read always taught that "it's not a numbers game, but an ideological game." That's why it's important to continue to provide a principled philosophy as to what the role of government ought to be, despite the numbers that stare us in the face.
    Quote Originally Posted by Origanalist View Post
    This intellectually stimulating conversation is the reason I keep coming here.

  16. #224

    Lowe's to close all Orchard Supply Hardware stores nationwide

    https://www.usatoday.com/story/money...se/1060236002/

    Aug. 22, 2018

    Lowe's will close all Orchard Supply Hardware stores nationwide by Feb. 1, the company announced Wednesday.

    Orchard Supply Hardware, founded in 1931 in San Jose, California, and acquired by Lowe's in 2013, has 99 stores in California, Oregon and Florida. Lowe's is closing the stores to focus on its core home improvement business, the company said.

    Employees were told about the decision Tuesday, and all stores will be open Wednesday for normal business hours. Orchard Supply Hardware stores will have store closing sales beginning Thursday with a plan for all stores to be closed by the end of the company's fiscal year. Lowe's will also close a distribution center in Tracy, California, the company said.

    "While it was a necessary business decision to exit Orchard Supply Hardware, decisions that impact our people are never easy," Lowe's president and CEO Marvin Ellison said in a statement. "We will be providing outplacement services for impacted associates, and they will be given priority status if they choose to apply for other Lowe's positions."

    Lowe's took a $230 million non-cash pre-tax charge during the second quarter based on its "strategic reassessment" of Orchard Supply Hardware, the company said.

    The Mooresville, North Carolina-based hardware chain is refocusing on "retail fundamentals," Ellison said, and will tighten its store inventory as Lowe's foresees a demanding retail environment.

    The company lowered its full-year sales forecast to 4.5 percent, down from the previous forecast of 5 percent. Sales at stores open at least one year are expected to increase about 3 percent for the year, down from the previous forecast of 3.5 percent.

    Lowe's posted second-quarter sales of $20.9 billion, up 7 percent from the same period a year ago, surpassing expectations of $20.8 billion, based on analysts polled by S&P Global Market Intelligence.

    However, net income fell 7 percent to $1.52 billion, or $1.86 per share, missing expectations of $1.65 billion and $2.01 per share.

    Lowe’s shares (LOW) were up 8 percent to $108.43 in morning trading Wednesday.

    Lowe's acquired Orchard Supply Hardware in 2013 after Orchard Supply, which was spun off from Sears Holdings in 2011, filed for bankruptcy.

    The news about the stores' closing led many longtime customers to reminisce on Twitter about the chain, which remodeled some stores recently and had been expanding in Florida. "Deeply saddened," one person tweeted.

    "I am going to miss them big time," wrote another longtime customer.



    Lowe's, with 2,155 home improvement and hardware stores in the U.S., Canada and Mexico, also named current CVS Health executive vice president and CFO David Denton as its CFO. Denton will join Lowe's after CVS closes its acquisition of Aetna, expected later this year.

    "I am confident that Dave will play a key role as we accelerate growth, profitability and return on capital at Lowe's," Ellison said.



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  18. #225
    Earlier this week , Sears and Kmart announced 46 more closures , JC Penney continues to slide .
    Do something Danke

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