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Store closings

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  • Independent
    Ft.myers, FL
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    Macy announced that they will close 68 stores nationwide and layoff over 10,000 people. Kohls will follow according to the article. I hope you guys read my thread about "abandoned" places.Thus skateboarders have some new area's to do so.

    Of course Trump will be very happy with that, because this creates jobs!! (sarcasm) Especially in the "Rust", "Bible", and "Coal" belts.

    Hallejuja.

  • Center Left
    Independent
    Central, FL
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    Sears / K mart are struggling as well. I heard Macy's was closing 100 stores.
  • Independent
    Ft.myers, FL
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    TJ Wrote: Sears / K mart are struggling as well. I heard Macy's was closing 100 stores.

    Yes Tony you are correct; the 32 stores were announced before; thus the total is indeed 100 About Sears they are doing terrible already for years; so that is no wonder. So I'm afraid that lots of places will start looking like Detroit ( bankrupt)

    But yeah an huge chance for Trump to "bail" them out, just like Obama did with the auto industry. ( But I doubt it). He will create so many jobs, it will be unbelievable!!! He'll make America "sick" and "broke" again. Wow, there goes the "banana republic" all the way into the "swamp"

  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    These store closings are a result of changing market conditions and demographics. Much the same as giant shopping malls and big box stores like Walmart are putting mom and pop local stores out of business, the giant retailer stores that anchor the malls are feeling market pressure from the likes of Amazon and other internet sales companies who do not have the overhead of a big store. That and shifting customer preferences have given rise to smaller strip malls with boutique shops and trendy restaurants...maybe anchored with a giant movie complex. Big malls are closing along with the big retail stores.

    Jobs lost in these store closings have added jobs to Amazon as well as FedEx, UPS and the post office.

    On the other hand, Denver is an example of redoing the whole downtown area into one long strip mall served by free shuttle buses traveling back and forth. Old warehouses have been transformed into loft apartments. The street is full of shoppers. In effect it reverses the many decades of urban downtown decay. The market is at work.

  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    While we decry how capitalism and the free market has left some cities devastated, take a look at the reverse in China:

    Daily Mail, May 29, 2011: This is a city built for a million people - but no one lives here

    The Chinese emphasis on ensuring everyone is employed has it's pluses and minuses. And the city depicted here is not the only one that is empty of residents.

    Is this good or bad? Think about it in the broader context if the workers who built these cities remained unemployed instead.

  • Independent
    Ft.myers, FL
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    Sears announced this morning as well that they will close 100 K Mart stores; thus lots of fun for Trump.
  • Independent
    Ft.myers, FL
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    Schmidt Wrote:

    These store closings are a result of changing market conditions and demographics. Much the same as giant shopping malls and big box stores like Walmart are putting mom and pop local stores out of business, the giant retailer stores that anchor the malls are feeling market pressure from the likes of Amazon and other internet sales companies who do not have the overhead of a big store. That and shifting customer preferences have given rise to smaller strip malls with boutique shops and trendy restaurants...maybe anchored with a giant movie complex. Big malls are closing along with the big retail stores.

    Jobs lost in these store closings have added jobs to Amazon as well as FedEx, UPS and the post office.

    On the other hand, Denver is an example of redoing the whole downtown area into one long strip mall served by free shuttle buses traveling back and forth. Old warehouses have been transformed into loft apartments. The street is full of shoppers. In effect it reverses the many decades of urban downtown decay. The market is at work.

    Yes Schmidt, I guess Denver is not the "Rust belt", Bible belt nor Coal belt either; I guess they did not vote for Trump. Here in FL an Sweet Bay store is already sitting empty for more than 3 years; the rats love it and will shortly be part of Trump's swamp. It is not the "market is at work" , but likely the city management in Denver uses its brains; while in other places there are no brains.
  • Independent
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    Mao-mart will eventually go the way of the mom and pop stores. As the Amazon model of centralized capitalism takes hold with large warehouses run with robotics and delivery by truck anywhere (let's don't talk drones yet) brick and mortar locations will come under pressure. The pea pods and webvans of the world in the tech bubble were simply too early. Their time is coming and more labor will be lost. But cheer up then more people can work on their "brand" in the gig economy.

    I also wouldn't rave about Amazon. Iirc, Mother Jones did a piece on Amazon. Not a pretty picture.

  • Independent
    Ft.myers, FL
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    Yes Lonely; these are things Trump has not thought of yet. His "job's" program will therefore end up in his "swamp". Sorry to say the picture of future economics does not look good. The point is you can't live just on an "consumption" model. Just look at this country about the trade deficit, the gap will only become bigger, regardless of Trump's idea's to put tariffs on things imported. The effect will be that then less "consumption"(because of "cost" of the items) will create less jobs instead of more as he thinks. No one is going to invest here to built an plant, if there is already an plant in China who can pump out these goods at half the cost of here, also because of automation and world wide export which reduces cost per item. Apple and others have learned that lesson, Trump not yet.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Every product inquiry is substantiated with a bonus for online transactions. Streamlining is a negative net jobs gains. There is no modern financier dreaming about gazing upon a community with a future based on his operations. The membership dues must be raised to provide maintenance jobs for the unemployed to be expendables.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Winner take all is not capitalism or an economy. Technology and innovation are great but it has to be understood that money is a resource. Attitudes and laws have to be changed to preserve and influence the purpose of money. To facilitate the trading of goods and services. Just as it is illegal to harm and own endangered species that is how money has to be treated. Just because you can is not a valid reason for anything. Money must not be allowed to be removed from the economy. Praise is heaped on advances while at the same time there is no change to the benefits resulting from advances. Winner take all is archaic and inhuman.
  • Liberal
    Independent
    Durham, NH
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    There are far too many of these stores around to start with. Where I live in NH I can think of 9 Home Depot & Lowe's stores all with in 10 miles. Walmart is just as bad with 5 stores in the same area. I often wonder how much does it cost to stock and run all these stirs that are basically empty other than holidays and weekends and how much does the duplicity add to the cost of the products they sell?
  • Center Left
    Independent
    Central, FL
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    What is killing them is the following. How much product is housed and sold in a store ? Zillions of things. Housed and sold in/from a warehouse/distribution center ? A thousand times more than the store and the rent is pennies on the dollar and no marble floors needed. Most of America is carrying a smart phone so you can browse, shop, buy, and anything else because Google finds all and it is making stores only for the ones who want to try something on before buying but for the most part, stores will be dinosaurs.

    Your hardware stores are mostly safe because they sell heavy things and urgently needed items. Retail ?

  • Independent
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    TJ Wrote:

    What is killing them is the following. How much product is housed and sold in a store ? Zillions of things. Housed and sold in/from a warehouse/distribution center ? A thousand times more than the store and the rent is pennies on the dollar and no marble floors needed. Most of America is carrying a smart phone so you can browse, shop, buy, and anything else because Google finds all and it is making stores only for the ones who want to try something on before buying but for the most part, stores will be dinosaurs.

    Your hardware stores are mostly safe because they sell heavy things and urgently needed items. Retail ?

    Much retail will vanish. Some boutique stores will stick around in gentrified areas that attempt to mimic small town, USA but over all not much. We will likely see an abundance (as we already are) of crappy chain restaurants that cycle, haircut places, check cashing/title loan places (in lower income areas like most of the u.s.) and some other assorted thus and that. Large retail will disappear except again for the wealthy that will require "servicing."
  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Walmart has been closing under-performing stores for a couple of years now. They tried putting supercenters in towns of less than 5,000 people, Sam is turning over in his grave. Now they're trying to compete with Amazon, offering free two day shipping on orders of $30 or more.