Sears

The "Retail Apocalypse" Is Officially Descending Upon America

“What’s going on is the customers don’t have the fucking money. That’s it. This isn’t rocket science.” Consumerism has long been a defining element of American society, but retail giants are now shutting down thousands of their locations amid a long-anticipated "retail apocalypse."

Frontrunning: March 24

  • Republicans Struggle to Unite on Health Bill (WSJ)
  • Trump Still Negotiating in Bid to Save Healthcare Bill Before Vote (BBG)
  • Trump Tantrum looms on Wall Street if healthcare effort stalls (Reuters)
  • High stakes for Trump in vote on healthcare plan (Reuters)
  • GOP Lawmaker Sparks New Battle Over Trump Spy Claim (WSJ)

"2017 Will Be A Tipping Point" - Why Some Think This Is The Next "Big Short"

"These malls are dying, and we see very limited prospect of a turnaround in performance" according to a January report from Alder Hill, which began shorting the securities. "We expect 2017 to be a tipping point." Indeed, cracks have appeared: prices on the BBB- pool of CMBS have tumbled from 96 cents on the dollar in late January to 87 cents last week

Mega-Bears Smell Blood As Mall REITs Tumble

"There has been a steady drumbeat of negative reports from anchor retailers in the mall. As a result, when we keep hearing bad news it adds to the impression that there is a problem in the malls.”

What The Hell Is Going On?

"The dissonance between what I have been observing and what is being flogged by the establishment mouthpieces in the corporate mainstream media has never been greater. I’m 53 years old. The older I get the less sure I am about things I was sure about when I was 25 years old... I find it exhausting. We’re lost in a blizzard of lies."

BCBG Max Azria Files For Bankruptcy

BCBG Max Azria, known for party dresses worn by celebrities including Selena Gomez and Drew Barrymore, became the latest casualty of the struggling US retail sector. It listed assets in the range of $100 million to $500 million and liabilities in the range of $500 million to $1 billion.

An Economic Showdown Is Looming

The idea that the entrenched political establishment is willing to take these risks to further their political agenda is frightening.

Sears, Kmart Discontinue Online Sales Of 31 Trump Home Items

The latest retailer to join the "anti-Trump resistance" is near bankruptcy Sears and wholly-owned subsidiary Kmart, which on Saturday announced it was discontinuing online sales of 31 Trump Home items as part of a push to focus online sales on the most profitable items.