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Major U.S. Retailers Are Closing More Than 6,000 Stores
Submitted by Michael Snyder via The Economic Collapse blog,
If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable. So if this is happening already, what are things going to look like once the next recession strikes? For a long time, I have been pointing to 2015 as a major “turning point” for the U.S. economy, and I still feel that way. And since I started The Economic Collapse Blog at the end of 2009, I have never seen as many indications that we are headed into another major economic downturn as I do right now. If retailers are closing this many stores already, what are our malls and shopping centers going to look like a few years from now?
The list below comes from information compiled by About.com, but I have only included major retailers that have announced plans to close at least 10 stores. Most of these closures will take place this year, but in some instances the closures are scheduled to be phased in over a number of years. As you can see, the number of stores that are being permanently shut down is absolutely staggering…
180 Abercrombie & Fitch (by 2015)
75 Aeropostale (through January 2015)
150 American Eagle Outfitters (through 2017)
223 Barnes & Noble (through 2023)
265 Body Central / Body Shop
66 Bottom Dollar Food
25 Build-A-Bear (through 2015)
32 C. Wonder
21 Cache
120 Chico’s (through 2017)
200 Children’s Place (through 2017)
17 Christopher & Banks
70 Coach (fiscal 2015)
70 Coco’s /Carrows
300 Deb Shops
92 Delia’s
340 Dollar Tree/Family Dollar
39 Einstein Bros. Bagels
50 Express (through 2015)
31 Frederick’s of Hollywood
50 Fresh & Easy Grocey Stores
14 Friendly’s
65 Future Shop (Best Buy Canada)
54 Golf Galaxy (by 2016)
50 Guess (through 2015)
26 Gymboree
40 JCPenney
127 Jones New York Outlet
10 Just Baked
28 Kate Spade Saturday & Jack Spade
14 Macy’s
400 Office Depot/Office Max (by 2016)
63 Pep Boys (“in the coming years”)
100 Pier One (by 2017)
20 Pick ’n Save (by 2017)
1,784 Radio Shack
13 Ruby Tuesday
77 Sears
10 SpartanNash Grocery Stores
55 Staples (2015)
133 Target, Canada (bankruptcy)
31 Tiger Direct
200 Walgreens (by 2017)
10 West Marine
338 Wet Seal
80 Wolverine World Wide (2015 – Stride Rite & Keds)
So why is this happening?
Without a doubt, Internet retailing is taking a huge toll on brick and mortar stores, and this is a trend that is not going to end any time soon.
But as Thad Beversdorf has pointed out, we have also seen a stunning decline in true discretionary consumer spending over the past six months…
What we find is that over the past 6 months we had a tremendous drop in true discretionary consumer spending. Within the overall downtrend we do see a bit of a rally in February but quite ominously that rally failed and the bottom absolutely fell out. Again the importance is it confirms the fundamental theory that consumer spending is showing the initial signs of a severe pull back. A worrying signal to be certain as we would expect this pull back to begin impacting other areas of consumer spending. The reason is that American consumers typically do not voluntarily pull back like that on spending but do so because they have run out of credit. And if credit is running thin it will surely be felt in all spending.
The truth is that middle class U.S. consumers are tapped out. Most families are just scraping by financially from month to month. For most Americans, there simply is not a whole lot of extra money left over to go shopping with these days.
In fact, at this point approximately one out of every four Americans spend at least half of their incomes just on rent…
More than one in four Americans are spending at least half of their family income on rent – leaving little money left to purchase groceries, buy clothing or put gas in the car, new figures have revealed.
A staggering 11.25 million households consume 50 percent or more of their income on housing and utilities, according to an analysis of Census data by nonprofit firm, Enterprise Community Partners.
And 1.8 million of these households spend at least 70 percent of their paychecks on rent.
The surging cost of rental housing has affected a rising number of families since the Great Recession hit in 2007. Officials define housing costs in excess of 30 percent of income as burdensome.
For decades, the U.S. economy was powered by a free spending middle class that had plenty of discretionary income to throw around. But now that the middle class is being systematically destroyed, that paradigm is changing. Americans families simply do not have the same resources that they once did, and that spells big trouble for retailers.
As you read this article, the United States still has more retail space per person than any other nation on the planet. But as stores close by the thousands, “space available” signs are going to be popping up everywhere. This is especially going to be true in poor and lower middle class neighborhoods. Especially after what we just witnessed in Baltimore, many retailers are not going to hesitate to shut down underperforming locations in impoverished areas.
And remember, the next major economic crisis has not even arrived yet. Once it does, the business environment in this country is going to change dramatically, and a few years from now America is going to look far different than it does right now.
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WalMart protestors and Al Sharpton are on the bus headed to all of the locations now...
Nah, it's just a return to small boutique retailers.
They are good citizens...,
helping the Greenies conserve energy.
I never liked malls anyway, but the whole commercial real estate thang is in deep weeds.
I needed a micro-B USB cable with a female socket. Fry's didn't have it. Radioshack saved the day, and I was able to get all my work done. The cable was priced at $19.99, and was marked down to $14.99. The entire store was being liquidated, so everything was 50-60% off. Damn cable ended up costing $5. I got four of 'em. You never know when you fuck up tearing open a USB cable. Someday soon, engineers won't be able to make a Radioshack run to get some parts for prototyping, etc. I guess we'll sick with Digikey, Mouser, and pals...
Its a shame the Build-A-Bear stores are closing. Not sure how we will survive without those ...
and they forgot to put the ChinaMart stores on the list .... perhaps the plumbing issue is just temporary haha
HaHa, the jokes on me.
I was expecting Snyder to list all 6000...
Full Layoff / Closing List:
http://www.dailyjobcuts.com
-
6000 stores closing forever!
Part of me thinks it is a way to consolidate the
Zombie target rich assets. They can pick and choose what areas should be addressed first.
I think I just scared myself but on the otherhand I self medicate.
Look peeps, we are being shifted into the digital age, where everything will be done online, and that's because the wealthy are consolidating their wealth at this time. They will make more while doing less because the serfs will be forced to supply for each other or wither and die, so work hard for what little peanuts they offer or die, more or less... (Let the Hunger Games Begin, no they weren't joking about that?)
(Just listen to their arrogance... ) https://youtu.be/cCjGNOnLrAU
I've outlined well what's coming, I have zero doubt.
http://galeinnes.blogspot.com/
And yet strip malls -- donut shop, nail salon, UPS packing store and a Starbucks -- are proliferating like a cancer, destroying every bucolic setting real estate developers can find.
"Someday soon, engineers won't be able to make a Radioshack run to get some parts for prototyping, etc."
I have watched just about all of my "go to" places go away.
..maybe I should consider a move to China and a job as a night watchman at Foxconn.
We're just 5 days away from the total transformation of the United States - Barack Obama, Prophet
31 Frederick’s of Hollywood
Say it ain't so!
Disintermediation.
AMZN, EBAY growing like weeds.
https://www.google.com/finance?q=NASDAQ%3AEBAY&ei=ni9GVbHDDuSciQKnrYD4Bg
https://www.google.com/finance?q=NASDAQ%3AAMZN&ei=0i9GVejFFaG6iwKWoIHYBQ
You frequently get better deals online than at the store.
"And yet strip malls -- donut shop, nail salon, UPS packing store and a Starbucks -- are proliferating like a cancer, destroying every bucolic setting real estate developers can find."
Thank Congress for that. A little Tax Dodge was placed into the code years ago that guaranteed Strip Malls everywhere.
CW
Merikan Middle Class private sector [yes, the sector that consumes the most namely spends the most] is a Broke Donkey.
All the pennies are needed to pay for the Barry/Pelosi/Reed Obamacare Health Insurance which insures you but guarantees half your doctors don't accept it.
Oh yeah; then there's the sky rocketing property taxes, HOA, home insurance, and several kids to feed and furnish iCrap devices to so they can twitter all day and "like" each other on FB while they follow every move of Kim Kartrashian and Jason Beeper.
Retail businesses [and the Real GDP] is in dire straits.
No manifacturing jobs, no retail jobs and outsourced all the high tech jobs.
Did anyone in Washington realize that no industry equals no taxbase?
University jobs will be next.
It is time for a huge war to think the herd I am afraid.
The whole university loan racket needs to be stopped, and there needs to be an accouting of assets. They keep expanding while tuitions are soaring, offering stupid courses with no employment prospects, and forcing students to take courses they neither want nor need just to keep departments going. After all that graduates leave with crushing debt, and if they find work in their chosen fields they are paid a lousy salary. Often they end up in something completely different just to pay off obscene heaps of money for nothing.
If a particular area yields little or no employment either it should be closed or the students should be warned of same. If not that then schools should be forced to have some skin in the game and refund the tuition for selling a crummy product. Once they have to pay for anything they will shape up.
Internet On Fire With ‘September 2015 Collapse Narrative’
How are Jade Helm 15 and the Baltimore riots connected to the coming collapse?So the hangars on the Nissan SUV’s exhaust have rusted away.
Not happy about that.
Can’t get stainless strap at retail..
Not only that, but I could not find a handful of iddy biddy caps to fix the Samsung display anywhere near here.. I have to order them.
We are so f’d ..
..at least I was able to get the .035 wire for the welder at Homer.
What did you expect?
This is Hope & Change... the Obozo Economy!
It does NOT work, plain and simple!
It's late at night .. I need to rant..
Old but perfectly good DVI, New HDMI, Mini USB.. Micro USB.. Mini HDMI,, adapter here.. adapter there.. FU Nikon..FU bastards that do not standardize cables..
And for you kids.. I keep my wireless footprint really, really small and way high encrypted.
you cannot war drive me.
this is how you do it if you are serious..
http://www.ittcannon.com/Core/medialibrary/ITTCannon/website/Literature/...
that was a fun self-indulgement.. :-)
Like the Contact Plating, it's a way to stack i guess ;)
It is a lot worse than that. Sorry.
One more reality the FED has distorted.
They are either mall stores or stores that should have not coasted this long. It turns out that old people walking the mall at 6am (the major foot traffic) does not ensure revenues for stores that are not open at 6am.
Nah, with price matching I usually find everything to be the same except when it comes to food/home appliances, where its much cheaper to buy at the store.
Zinggggg....goes the Davola dart.
But hey, my pal at MacKinsey and co has been "solving" retail for US retails giant at $6,000 an hour.
I'm sure they have a plan.
Two possibilities entered my mind actually....
1) No money and this is obviously the more plausible
2) No space for more shit. The Rectum of the United is full to bursting and as a collective, the nation is totally constipated. That is literally true too, highest laxative consumption globally. GO USSA!
On ocassion, the American collective exhibits Irritable Asshole Syndrome and goes and literally and figuratively "Bombs Away"....Bomb's Away episodes leave the world littered with Irritable American Assholes.
Irritable American Assholes are not welcome back to the steaming shit-pile called home.
There is near term danger of the whole world becoming a pile of steaming wookie-doo.
Because Irritable American Assholes always "go-go-go for it" Like Donkey Kong.
That my friends is the tale of the IAA...
Further thoughts...sequence 13
https://youtu.be/gTot6Wcz3-g
Always ejoy your breakdown of wor(l)ds, ORI - was enlighted to see Sequence 13. :-)
Those who don't fully appreciate the power of sound (not talking equations and academia) cannot fully grasp that their language, i.e. means of expression, is being robbed from them. Light is given premier importance in today's wolrd, but it is no accident that all the oral traditions of ages past transfered knowledge by sound. Thankfully, a glance into one's eyes can tell universes worth of stories on its own. Sound and sight - gifts from the cosmos... cherish or perish seems to be the theme.
Well said and concur all around my friend...
"Sequence 13": A video of the metaphorical beating of horse figurines carved from the bone of a horse that was beaten to death by a drunken, illiterate Brit mob centuries ago.
"Sequence 14" was much better. Avimukta did a better job of explaining the disturbing connection between the illuminati and Lawn Darts.
Fredericks and Victoria Secret are garbage. None of their stuff lasts. Any girl with any taste goes to Trashy Lingerie in L.A. or Kaprezza European Lingerie of San Diego. Does take a year to save up for one set but so worth it. Quality does come with a price which Americans don't seem to get.
Miffed;-)
Trashy Lingerie has great qualtiy and good selection - seriously the way to run a business.
we need pictures to judge the quality
That sounds reasonable. These things are are so beautiful, shame to keep them hidden. I should send you an email to judge. ;-)
Miffed;-)
And there's me thinking Jade Helm started mid-July...
Why so many raycess articles here questioning Dear Leader's glorious economy?
Honky bait.
You know how white people will do you.
hmm.. Which brown peace prize winner
has lead efforts to kill more brown people than any other?
clue.. drones are the the tip of the spear-chucker..
oh, I am so sorry for that sarc..
it's the face of a 7 iron that is the tip of the spear.
No gun/ammo shops. Hmmmmm.........
golf course..
waste of a perfectly good rifle range..
19th hole could make a great bunker / bar..
..just kidding.. I have lived right next to golf courses most of my life
and I love to shoot golfs..
it's just them damn little golf eggs that are hard to crack.
You could close every outlet for those companies and I would not even notice.
Day labor hanging out
in front of Ambercrombie, instead of Homer.
go way back to a Beverly Hillbillies episode for that joke..
Omigosh..
Those of you that have a clue know that the golf business is declining with the economy..
How about we crowd fund a new fun activity that is like a warm weather combination of the Olympic Biathlon and golfing?
One competitor attempts to keep his golf ball from being accurately targeted and blown away by the other competitor.
This could invigorate the industry.
Ok ok.. so after the tee off, the (competitor 1) hitter takes whatever high velocity cart or vehicle (a high power motorcycle would be really cool) to reach his ball prior to the time that the ensconced (competitor 2) can target and blow the ball away..
The videos of the dances would be worth millions.
But we need to keep Competitor 2’s golf equipment semi-auto and no larger than .50 BMG.
gee.. if the kids only understood the fun of trying to hit a randomly fallen little 2 inch white object in the grass at 570 yards. :-)
We're getting a new Frisbee golf course.
For the newbies, Man.
That's new suburbia. Every 300 yards there is a nail salon, cell phone store, tattoo parlor, smoke shop, donut shop, pawn shop, auto mechanic, pay day loan, gun store, hair salon, washateria. This repeats as far as the eye can see.
Think about the populace that demands these stores.
We've blighted the landscape as far as the eye can see, that's for sure. However, here in Kalifunia, we don't have many gun stores.
I'd rather not think about them, thank you very much.
But look at all the Dollar stores closing..... things must be getting really bad if the dollar stores are closing.
If you aren't afraid, you should be. My sister lives in a townhouse where the "management" hires the grounds people. She "chose" to speak with the guy using the weed whacker because they kept Deliberately/accidentally whacking her flowers. Guy immediately got Very Aggressive with her; she was absolutely frightened. These people are feral. They live off of the torture porn movies and fast food; they have never learned any morality. If you watch Invasion of the Body Snatchers, when the body snatchers open their mouths and that yell comes out, that's who they are. For all you atheistis, this is why Christianity was a good thing; there was an infusion throughout the culture of agreed behavior. Now it's just Mad Max.
On April 30th, Bob Evans Farms announced the closing. Also, early in April Diamond Offshore had layoffs that I did not see listed on the daily job loss site.
I was hoping Starbucks would be on the list. Horrible overpriced ersatz coffee laced with MSG.
I down arrowed you for displaying the idiocy of even buying one cup....
I never bought a cup of Joe from them, someone got it for me. Some hipster trying to impress me a while ago...and no he's not someone I frequent nowadays.
That turns a profit at store after store.
Don't like it? DON'T BUY IT!
Maybe in the US - Starbucks in the UK don't turn a profit and pay no corporation tax - the profit is made by the sister wholesale division flogging the outlets massively overpriced ingredients from Switzerland.
Clever, eh?
Years ago when I worked in the UK (South Coast), there was a fancy new "Retail Development" to the east of Southampton, with all the usual trendy names, along with a modest-sized Tesco.
Had to visit, and it was my first (and last) Starbucks experience. The law "over there" requires clear pricing BEFORE purchase, and it took but a second to ralise "their" coffee was 3x the price of the Tesco cafeteria equivalent (just 200m distant). They certainly didn't get my trade then, and they won't in the future!!
I buy coffee beans wholesale 16lb at a time and get Jamaican Blue Mountain for $20/lb (which is 1/2 what people pay retail), but I actually give a shit about how my coffee tastes and can divide that amount by what it would cost to let a future leading actor brew it for me.
Where would all the college graduates work then?
grads from the new school bubble finance norm..
these are the products of .gov, entrenched tenure school elites and facility expanders..
maybe they know how to migrate to spring break and slam down Jagermeisters because they can get all the debt they want in the interest of higher education..
..not so sure if I would want to hire one.
he should have included the percentage applying for plumbing permits.
I long for the day B a B closes all stores. They are the most over priced friggin place to take a kid for a bday present that I can think of, in relation to what you get.
What really irks me is they pressure you to keep adding crap to the bear. I told my wife the last time she took the youngest one there that it was the last time.
Do you mean the last time you'll shop there or the last time you'll have a child? The latter seems a bit drastic. :)
I'm sorry to see RadioShack go. If they would have moved into home automation they could have flourished.
radioshack is a long long way from the hobby & hifi store that it was in the '70s. it has been a very long slow slide downhill, with over a decade of stale cellphone specialization and salespeople who don't have any idea what an electron is. nobody doing any serious electronics has counted on them for decades now. good riddance.
The parts bins were handy, but Tandy went down-market instead of up, both in presence and in management.
I miss the Heathkit stores...
o F me... thats a little dated and a bit too analog.
Heathkit....I remember them in the good old days...my dad used to buy me a Heathkit every xmas....I think I was teethed on a soldering iron. Good memories.
Somehow, RadioShack managed to miss the entire maker culture movement, which was tailor made for them. They really blew timing and strategy for their web presence as well, and then had what was left of their market taken away from them by Amazon and a gazillion e-Bay sellers in Hong Kong and Singapore. They squandered their brand equity, and now its too late.
I will miss them too, but at some point, I stopped shopping there because they had become a self-parody.
Yep, doesn't make sense to me. RadioShack, if they were smart, would be Raspi, Arduino, iRobot, etc.. outlets. Their buisiness model isn't failing as badly as their vision.
They could have revamped during the Maker boom, but they followed cell phones into the grave. I'll miss the battery of the month club lel.
buying usb at retail? rly? monoprice
I dunno which of you two is the bigger dillhole, him for burning gas to go buy one (well, four) cable(s) or you for making the UPS do it.
@ all: Ever heard of time constraints guys? Sometimes you can't pay the stupid $30 overnight shipping and wait till the next day to get the results you need - that's what local retail is there for in the electronics business today. We are fortunate enough to have Halted Supply Co within a relative stone's throw of us, one of the last remaining electronics/mechanical parts shops in SV. However they don't have everything...
Yeah, I'm likely the last of sillycon valley engineers to be making a run to the local shop for prototyping materials, and I don't really give a fuck about it one way or the other ,because I have better things to do and don't intend to make electronics and stare at screens for the entirety of my life.
The ironic thing is, I needed that micro-B socket (that only RadShack had) in order to measure and prove that our customer was getting real slow USB charging currents from using crappy USB cables instead of the Monoprice one that we originally thought they would use.
Dill is great btw. Try making a dill yogurt sauce.
RS is dang handy when I need fuses and lamps, and they saved my bacon on a job recently when I needed a small printed board to build a power supply. Gonna miss that. For everything else, it's Mouser and Digi-key, and a few others for specialized parts.
There is no such thing as too much fresh dill in clam chowda
I hate dill. and I hate USB cables too !!!
You must live in Cali. Most "engineers" don't have 1/4 of the resources for quick pick ups that you have. It must be nice. Enjoy it while you can and welcome to the real world.
Great news !!!
One hour Drone Service to get your small semiconductor supplies coming to a highly surveilled space near you.. really soon.
Last time I went to the Shack, it was all cell phones, and RC models. Not a diode, wire, or resistor, in sight. Not even a frigging soldering station. Had to pick one up at Fry's
The original RadShack was for people who would shudder at the thought of throwing away a great box of electronics simply because of a busted cap or fuse or something. Those people are long gone, or on their way out soon. Everyone else has been trained to use'n'throw. Retail would have had a completely different fate if the mentality of the commoner was to repair, reuse, and cherish, instead of replace, throw away, and not really give a fuck.
Recent years have shown cell phone advertisements where people deliberately destroy their 'old' cellphones in order to get a new one. It's some of the most disgusting shit to watch.
well, maybe an iPhone at 600 yards would be an attractive challenge.
Got a 1/2 MOA rifle to work with?
Why so loose?? 1/4 MOA at 500 M i can draw a happy face on a I crap 6 with no problem.. at 750 the nose may be off by a quarter inch or so.
you must have one of those hyper accurate bench guns, 6mm?
hmm.. 6mm. ?
put a Leupold MK 4 on something a little larger and you can have some real fun.
..gee, I love this space when the 2nd Amendent un-deprived or un-challenged folks comment.
-it is just a matter of time before the Fed challenged folks come out.
and Dirty.. I might be able to learn some things from you..
for one thing.. does the I-crap need to be illuminated at 750M or are your optics really special. ??
Leuopold with the 1/4 MOA recticle, for 750 with a slight breeze from the left would be 2 dots up and one over (maybe a half depending on the win-sock).
and its a 22-250, bull barrell, timiny 2oz trigger (adjustable) bolt action, built for nailing prarie dogs at those distances. at night it would have to be illuminated, otherwise just aim for the reflection :) (actually i can see a black 2" dot on a white paper target well enough to draw faces at 500)
I pay my bills by restoring vintage stereo equipment that was built between the 60s and the 90s. Most new gear that you buy seems to have a self destruct circuit built in, and it goes off about a year or two after the warranty is up.
They're "consumers".
Remember surprise packages ??? I cant remember getting anything decent in a surprise package, but the anticipation opening them sure was fun !!!
Fawk, I remember when you could pick up IC's! You could pick up a 555 timer chip, or at least a few of the 7400 series chips in various flavors. Transistors too, NPN and even PNP. Now as mentioned already, crapola. RC toys and selfie styled gadgetry.
Sad, but completely true... at work, anytime anyone orders anything, they send out an e-mail first to load the order up in anticipation of running out of our usual consumables/breakables...
Yeah, it sucks. I rode by the closed Radioshack where my mom used to drop me off as a child back in the 70s, and it brought back so many memories. I'd spend hours in there just browsing at all the cool stuff. I got to build a bunch of things with their parts and kits. I learned so much from doing it.
Today's kids can use an NSAphone though so they are so vastly superior.
Radioshack runs saved my bacon so many times over the years.
This article is BS. Walgreens is closing 200 stores, opening 200 others.
What 200 locations are they opening???? Place and date WTF you said it,, now fess up...
http://www.sfgate.com/business/article/Walgreens-closing-200-stores-opening-200-others-6190151.php
The reason they coudl be closing is that they are opening too many too close together. I konw of 3 Walgreens around here and there's 2 on the same street, one was new within a few years not even 2 miles apart from the ghetto one.
sorta like starbucks?
https://www.youtube.com/watch?v=lQKdEdzHnfU
Yeah but at least SBUX has something useful...coffee. Pharma bubble? Not so much.
OK, so we're only losing 5800 stores.
Good work as usual Jon.
hey, I'll never match the work I did at Kitco, but i am trying you know
More likely moving from higher rent metro locations to lower rent digs in the sticks or to smaller footprint metro digs to fit their margins (which is still negative "growth", y'all...).
"Relocating" stores is probably more accurate, to better position their pharmacies to senior living complexes that are popping up everywhere.
I would imagine there will be a t least 1 CVS in Baltimore to add to the list. I sure as shit wouldn't rebuild anything it that neighborhood.
plumbing problems? /s
[crickets]
did you notice the link in reply to your little tirade?
would you like to apologize, or slink off and pretend you never saw the reply. a bit cowardly, imo.
So what you're saying is no growth while the population is growing
I very much doubt the 200 openings figure. Still, all of Michael Snyder's articles quote statistics selectively to support his point. And nothing is easier than to quote store closings while ignoring openings. The net figure is the only meaningful one.
Way too much Snyder, Martenson, Oilprice, and Listiepoos.
Is the world running our of Doom Porn too?
I knew a babe in college once named Listlepoo. Every guy I knew was on her listiepoo of who'd slept with her.
Hell, most of 'em didn't even sleep, if you get my meaning.
Her nickname was the "brown gobbler"
Glow Mrs Listiepooh gliasten glisten, ....
Those were the days, my Friend.
The older I get, the better I used to be.
We thought they'd never end..
but that glow worm chick thing.. that's even a new one on me.,
..and kids nowadays would likely not appreciate the concept of the Whispering Bush of Glyphada.
Tyler puts down some very important pieces here, like the recent awesome coverage of the Sarao patsyfication. Apart from that, it's all just blurbs for articles, and people going straight to the comments. It's not a bad model as long as Tyler holds it down with the good financial/economic material. Adapting to new ZH is ignoring most things and looking out for good Tyler-penned pieces.
Hope I'm wrong, but I think the whole ad model for the economy is breaking down, not just the net.
Fox Bus has most of the sell side, and they play more Public Service stuff than anything else. The rest is lawyer ads, late night gadget crap, and thank you Lord, gold and silver, but broadcast TV is in trouble.
And yet thousands of cargo ships loaded with tons of 'Hecho en China' sweaters, shirts, shoes, ties, dresses and on and on are waiting offshore to unload a flood of moar iCrap to retail stores.
Merikans wonder why the Chinese can buy those Cali and Vancouver houses for cash? Barry [and his 'Job Czar' Immelt] have created more jobs in China then the USA by a factor of 100.
I hate all those gold and silver commercials. I hope people don't go through them. Most, if not all, of those companies are shysters. They mostly try to sell you older coins with numismatic value, trying to scare you into paying those insanely high premiums for old coins that won't be confiscated if that ever happens again, then they try to sell you storage somewhere, making more money off you. Gold line and the rest of them get a lot of complaints about that. First of all, if you don't hold it, you don't own it. Second of all, you don't need those fuckers to buy gold or silver. Any small to medium sized town is going to have a coin shop, go in there, pay cash, walk out. Or if that's not an option, apmex, jmbullion, and silvertowne have all given me nothing but pleasant shopping experiences. Stay from any of those people playing those commercials in Fox News.
it gets even better ..
I hear repeated radio ads that say something to the effect..
Woman:
"I was robbed!.. they took all my valuables.. the jewelry.. everything.. I lost all of it."
Announcer:
"You stupid twat.. you should have sold it to us at the f'n "We Buy Gold" store.
well, at least that is the way it sounded to me.
Have you looked at magazines and newspapers where the ads USED TO BE? I looked at a TIME in a doctor's office... couldn't believe how few pages it had.
could be, we need the net figure to make the panic declaration. as in id think family dollar would be expanding since they will put one out in the middle of nowhere
How many of those are are on the corner of MLK and Main?
Seriously folks, the most closures are by a hedge fund?
That's OK, I have found the best deals on small circuits, prototype chips, and reels of caps, resistors, crystals, SOC's, etc... on eBay. It takes about 10 days using ePacket delivery.
Look at this UNO for $4.50
http://www.ebay.com/itm/251940196676
Nice.
But beware because it uses the CH340 serial chip. The driver is hard to find but it's out there:
http://www.wch.cn/download/USBSER_ZIP.html
Your can only give one example of this reopening phenomenon. And not for nothing "drugstores". When the so called positives of a countries' economy are based upon the almost dead you know your economy is almost dead. So you actually give a nice confirmation of the tragic situation.
Actually you may be right here. As people are crushed they tend to become insular. This protective instinct ripples out locally. Local food, maybe local business. I buy local and country-manufactured whenever I can. If I buy say, a new couch, I look to where it is made. Made in Canada...sold.
Small boutiques just taking over, like Amazon and Ali Baba.
"Nah, it's just a return to small boutique retailers."
Hopefully that is true. I am not sorry to see any of these places go away. Yes, jobs will be lost, but they will go to other retailers who are on the rise...hopefully small and local retailers who use more labor per dollar of sales than the national stores do.
This country has become way too coporatized and it is causing us to become a nation of employees. No matter what city or state I am in, I see the same damn stores there.
you said nation of employees. here ya go:
https://www.youtube.com/watch?v=pKv6RcXa2UI
Thanks for the link!
It is just too damn funny...and true.
Jib Jab has a lot of funny videos. I watched others too.
Let's face it: none of those stores would be closing if they would just increase the worker's pay.
Channeling Dear Leader Obama and/or Nancy Pelosi?
Nany is the one who said, more or less, the more people we have on welfare (food stamps?) the better it is for the economy. A brilliant one, that little cupcake who used to be third in line for the presidency.
That probably is the reason why they are closing, among other problems like PLUMBING
A dented tin can.
The story of our lives.
Peasants no have bastante dinero for to buy all that shit...
They must pray to Dios for even the "Hope" and "Change" that Barry Promised to give them for Free!
Hey, williambanzai7
74 up votes and only 2 down votes!
The people have spoken!
There's 2 in every crowd.
1st mfg, now retail; even part time jobs are disappearing even w zirp. Trade policy favors outsourcing jobs and now the resulting social unrest is blamed on the police for all the problems created by Government ( local, state and Federal over the past 20 years ) which favors the 1%. There is no hope for millions trapped in poverty and who are now being told by political leaders and the media they are victims and the police are the source of all problems. Watch and see the police now slow down and not respond to violent crimes. Who suffers the most, the poor. The rich live in gated communities w armed guards.
"ObamaCare";
It was supposd to have recollateralized the derivative house of cards by hustling another 30 million paying bodies into the bankers service-but that hasn't materialized. "can't get blood from a stone" There are good reasons 30 million people were uinsured. Waving a wand can't change that. Nor does Congressional or Presidential edict.
Obamacare's increased costs have sucked out discretionary spending from all corners of the service economy, in the process hollowing out previously "good" collateral.
Its complete repeal by MN tonight would lessen the October Crash on the horizon triggered by lack of discretionary spending income; it would also bolster some of the collateral dykes a bit.
But absent a productive economy since about 2006, the collateral shortage on the horizon is a tsunami at this point.
The banks, fueled by government Constitutionally unrestrained, have managed to crap the world.
Your 2006 figure interests me in connection to the economy you may be connected to.
Cur iuos about peoples thoughts regarding "pre-existing conditions" where people show up for "healthcare" and their "pre-existing condition" gets "discovered" so suddenly there was no need to pay for work to be done that clearly already had been handled.
Obviously, if someone already had something (such as eating from 'food inc' or simply no one who told them ahead of time) show up to care for their health, I can see where some organizations would be distraught that they are now required to clean up 'other peoples' messes; trust me I get that kind of headache.
However, should we then bounce them around between groups of "healthcare providing organizations", or just pick a fall-back position as a society for those who can't, don't, or won't be able to successfully take care of their own health and in that way avoid having labels on the process of labeling used to draw circles around lists of current symptoms and have things grab those handles and try to move people around in new and exciting ways? Just a thought.
God is patient, gentle, self controlled, never failing, and merciful and such... but He also says, "Vengence is Mine..."
Thank God this does not go on forever.
Better listen.
https://www.youtube.com/watch?v=zx_nPj05688
Retailers aren't the only thing facing financial ruin under the guidance of the Marxist Kenyan Buffoon and his America-hating, Socialist gang..
http://www.foxnews.com/politics/2015/05/03/nearly-half-obamacare-exchang...
If every person in America would just repeatedly post the following:
Yo nigger, where is the $2,500 in healthcare savings you promised me?
I give the whole mess about a month or so before it is back in the headlines on a daily basis...
All on the watch of the incompetent corrupt divisive arrogant narcissistic illegal indonesian kenyan sociopathic pathological lying fudgepacker living its celebrity grand imperial golf lifestyle while the country goes in the sh*tter.
How many closed because of bad numbers.
How many closed because they have been robbed too many time by da image ah Trayvon.
340 Dollar Tree/Family Dollar
dont be talkin bout dindo nuffin like that
This is SERIOUS folks! Only jews shop at most of those stores!
That would be Macy's;)
One word. Amazon.
One reply: Craigslist.