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Death of Retail Thread:
« Reply #105 on: September 22, 2017, 08:59:50 AM »
https://www.veteranstoday.com/2017/09/20/retail-apocalypse/


Retail Apocalypse

By Preston James, Ph.D

September 20, 2017

The first American Debt-Bomb has now detonated. More are now on the way and will detonate one after another. These include the BRICS Nations Development Bank, the AIIB, the Silk Road Development, the end of the US Petro Dollar as the World’s Reserve Currency, and the IMF installment of a new world basket of balanced currencies called Special Drawing Rights (SDRs).

It was only a matter of time when retail prices would take a drastic climb upward to compensate for the recent demise of so many urban retail stores, some that have been successful for quite a long time.

The list of major retail stores closing is long and growing by the day.

This demise  of retail stores actually began when Walmart decimated rural ma-pop family retail businesses in small towns. Amazon is now finishing off urban retail.

Yes, Amazon is now completing the process of destroying retail, a process started by Walmart.

To compensate for reduced consumer spending, retail stores have been raising prices. This is the most evident in fast food. Note how fast the price of a fast food hamburger has risen the last several months or how fast food prices are rising in grocery stores.

This demise of retail is based on less and less disposable income by Americans to spend due to stagnant or falling incomes, rising taxes, and rising health-care costs.

Another cause if the growing number of college grads unable to find good paying job opportunities based on their degrees and the fact that so many graduate as debt-slaves with 80-100,000 USD debts for college loans. A large number of such grads (close to 40%) are not making payments and there is no way to discharge these debts because Bankruptcy isn’t allowed for these. In some cases going to work for the government or an approved job, after 5 years one can have a proportion discounted, but this isn’t viable for most since so few jobs are available.

One can join the volunteer US Military or the National Guard in their state, but few read the “fine-print” of what they are agreeing too and they may be signing away their lives for many years.

These new recruits are never given true informed consent a and told they will become slaves/serfs of the military and perhaps used as Henry Kissinger described as “dumb cannon fodder”.

Actually these volunteers sign away almost all their rights, can be “stop-lossed” for many years and all the promised benefits may come to nothing if they as about 50% of Mideast vets get Post Traumatic Stress Disorder.

After Vietnam it was decided by high Pentagon officials that the draft stimulated too much attention by Soldier’s families in any major war effort. It was decided that creating a voluntary, mercenary army would alleviate much of the public’;s concern.

Health-care in America has been infiltrated and hijacked and serves the elite Ruling Cabal and its Cutouts, not We The People.

Take health-care, the Affordable Health Care Act of Obama was actually written by the major “for profit” health insurance companies, most of whom have CEOs being paid salaries and benefits in excess of 100 million dollars a years.

Originally health-care insurers were non profit corporations. It is quite indecent for CEOs to profit off citizens’ illnesses, not to mention that this had led to the gelding of Physicians, harm to the physician-patient relationship, and a near complete transfer of power from the physicians and patient to the large for profit health insurer.

So far President Trump has not done anything to resolve this great injustice.

The Black Budget has sucked Americans dry.

We know that the US Federal Budget is about 3.3 Trillion USD. We also know that the secret Black Budget of the various 37 Intel Agencies (16 are public, the rest unacknowledged, special access only) is at least 2 Trillion USD per years.

We know that about 1.3 Trillion USD comes from the CIA and Pentagon’s illegal Opium trafficking from Afghanistan which is killing more young Americans than any recent war.

The rest of the Black Budget income comes from other CIA bustout scams like Enron, and illegal narcotics and drug trafficking from joint partnerships with the Central and South American Cartels. These joint partnerships are shared with their operational partners that include the Mossad and the Nazi Fourth Reich (some call the DVD).

What is this unimaginable fortune of US Debt-notes being spent on? We now know for certain it is going to a large Secret Space War system including US DOD contractors manufacture of anti-gravity craft, the new Space fence (ionized atmosphere for tracking and destroying missiles and some UFOs); 147 Deep Underground US Military Bases (DUMBs) connected by high speed maglev railroads; advanced psychotronics and mind-kontrol; and the take-down of nation-states who go off the BT/RKM/COL Reservation.

The actual root cause of the Retail Apocalypse.

If We The People want to find a workable solution to this current Retail Apocalypse we need to come to a good understanding of the actual root cause of this Retail Apocalypse.

Astute researcher experts tell us the root cause is the Federal Reserve System (FRS), a private franchisee of the City of London Rothschild Khazarian Mafia Banksters. This FRS system in America was incorporated in Delaware in 1914 and the IRS was incorporated in Puerto Rico soon after.

The FRS system started out using gold and silver back money, but in 1971 removed that and their money became strictly FIAT, required by US Law to be accepted as “legal tender” for all public and private debts but has no backing explain the “full faith and credit of the USG”.

The FRS is the biggest Ponzi Scheme and financial fraud ever perpetrated in history. The FRS prints and issues US Dollars in any amount it wants and “lend” them to Americans at pernicious usury which is paid out of federal tax receipts. Some experts have suggested that up to 40% of federal tax collections are paid each years to the FRS as interest on this phony national debt which is growing by the day.

The FRS  has been spreading incredibly large amounts of USD “Debt-notes” all over the world and China and Russia and the other BRICS nation Banking members have had enough and are not working to dump the US Petro Dollar as the world reserve currency. Saudi Arabia and other Mideast Oil producers are now secretly accepting other type of money such as the Chinese Renminbi (Ruan) for oil sales to China.

The FRS has a secret very illegal and evil agreement and arrangement with Congress and the Administration.

It’s called the “Elastic Checkbook” endless credit line. The FRS borrows the US Congress all the money it needs (creating it out of thin air) but charges accruing and pernicious interest to the American taxpayer for using what should have been their own money in the first place.

So Congress never balances its budget but keeps overspending foolishly and increasing this phony, illegal, unconstitutional debt more and more over time.

So now we have a phony claim US National Debt assigned to US taxpayers of Trillion so dollars that can never be paid back nor should it. It should be immediate declared null and void, a major RICO crime. All FRS assets and building should be immediate seized and transferred into the US Treasury.

Money paid to the FRS as interest should be clawed back to 1914 wherever it is, placed in the US Treasury and proportion out evenly to all American taxpayers as a one time stipend.

How much better would the average American worker live if he/she immediately paid 40% less federal tax to the USG?

Conclusion:

The FRS is unconstitutional, illegal and uses its self-created “money power” to advance the NWO Agenda of the Globalists who are best referred to as the Rothschild Khazarian Mafia (RKM).

Bottom line is that the FRS hijacked our American money creation and distribution system in 1913 when the RKM City of London folks bribed members of the US Congress and the President and gained passage of the Federal Reserve Act in 1913.

Since then it has been able to create all the “money” it needed to buy, bribe, blackmail and human compromise almost every elected and appointed DC official, including almost every single member of Congress. If all that fails then the solution becomes marginalizing the individual, targeting them with psychotronic harassment or in some cases using cutouts to arrange for their murder.

Doubt this then consider the fact that almost every single member of Congress has signed the AIPAC Loyalty Oath to place Israel first even before the USA in order to gain large campaign funding and to be able to be re-elected.

Representative Cynthia McKinney refused and was redistricted out of office as punishment for not signing. She is a great American Hero and the only one to ever dare reveal this sad reality publicly.

The only clear solution to this recent Retail Apocalypse Debt-Bomb that has detonated or any of the rest that will soon detonate like the end of the US Petro Dollar as the World’s Reserve Currency is to cancel the FRS, seize all assets and place them in the US Treasury where they should have remained in the first place and un elect almost every single Member of the US Congress who signed AIPAC’s Loyalty Oath to Israel.

After all, the Israel Likudists deployed the Mossad to run the attack on America on 9-11-01 and therefore should themselves to be a secret enemy of America just like they did b y attacking the USS Liberty ship in an attempt to draw America into a war wit Egypt as part of their Greater Israel project.

And we know for certain that the RKM set up Israel as their private nation-state sanctuary and action-agent right after WW2 and they hijacked America in 1913 with the passage of the FRS Act. It is now time for the whole world to expose the RKM as public enemy #1 of all mankind and society itself.
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Death of Retail Thread:
« Reply #106 on: September 22, 2017, 09:02:44 AM »
http://theantimedia.org/retail-apocalypse-3500-stores-closing/


‘Retail Apocalypse’ Causing More Than 3,500 Stores to Close: What You’re Not Being Told

Written by Carey Wedler

September 20, 2017

(ANTIMEDIA) In the latest blow to traditional retail sales, this week Toys R’ Us filed for bankruptcy, following in the footsteps of an increasing number of other brick-and-mortar chains. But the giant toy outfitter is not the only company suffering losses, as a recent report from Clark.com, a consumer analysis site details.

   
Though separate statistics show that more stores will open in 2017 than will close, the type of stores making gains suggests frugality is the norm U.S. consumers amid a continuously harsh economy.

Clark.com compiled a list of retail stores that announced closures of physical shops this summer. Sears said at the end of August that “in fiscal year 2017, [they] have closed approximately 180 stores previously announced for closure, and an additional 150 stores previously announced for closure are expected to be closed by the end of the third quarter of 2017.” They will also be closing 28 K-Mart locations, citing a desire to change their business model so “the physical store footprint and [their] digital capabilities match the needs and preferences of our members.”

Vitamin World filed for bankruptcy last week and plans to close 51 of 334 stores, which are located mostly in malls; Gap said in a press release earlier this month it will close 200 Gap and Banana Republic stores (and open 270 Old Navy shops); Perfumania filed for bankruptcy in August, moving to close 64 of 226 stores; Starbucks announced at the end of July it will close all of its 379 Teavana shops by next year; Gymboree plans to close roughly 350 stores following its bankruptcy in June; True Religion filed for bankruptcy in July and moved to close 27 stores; the Ascena Retail Group, parent company of Ann Taylor, Lane Bryant, Justice, and other chains, announced in June it would shutter over 250 stores by 2019 (in addition to the 71 it had already closed this year). The group noted they could close up to a total of 667 of their 4,500 various locations.

The summer trend follows even more closures in 2017 — in March, Business Insider noted roughly 3,500 stores would shut down this year. Macy’s revealed plans to shut down 68 locations in January, J.C. Penney announced it would close 138 stores back in March, and Abercrombie and Fitch told investors it planned to close 60 locations, bringing the total closed to 169. Other retailers closing stores are Bebe, Guess, Crocs, Guess, American Apparel (which has filed for bankruptcy twice), RadioShack, Staples, CVS, and Gamestop.

Wet Seal and Limited are closing all or nearly all of their locations this year.

Many blame Amazon and the popularity of online retail, especially amid the general collapse of America’s once prominent shopping malls, and the news media has repeatedly sounded the alarm of the “retail apocalypse.”

But a recent report from the IHL Group, a global retail and hospitality analysis and advisory firm, argues there is no retail apocalypse. Rather, they contend, customer preferences are simply shifting. In “Debunking the Retail Apocalypse,” the analysts point out that more major retailers and restaurants are opening 4,080 more stores than they are closing this year.

Nevertheless, many of the closing stores have been mainstays of American retail culture for decades, and those finding the most success are focused on budget pricing. Stores like the Dollar Tree are making major gains, a trend also reflected in Gap’s decision to close their more expensive stores, including Banana Republic, to focus on Old Navy, which offers a much lower price point.

As the IHL report notes, “According to the Bureau of Labor and Statistics, since 1996, overall inflation in core consumer goods and services has averaged 55% over the 20 year period of 1996-2016.”

Prices on college tuition and textbooks have gone up 200%. Costs have increased for child care (125%) healthcare (120%), food and beverage (65%), and housing (60%). In contrast, products like cell phone services, TVs, toys, and software have become cheaper.

IHL explains that “products and services that are more likely to be considered as necessities have grown significantly in costs over the last 20 years and items that are typically in the luxury category have gone down in price.”

“In a vacuum, these prices don’t tell us much,” they explain. “However, when compared with income growth over the same period we can see that a much higher percentage of consumers cannot keep up with inflation, thus are shopping more at lower cost retailers and less at higher image/brand stores.”

IHL notes that 40% of Americans have not been able to keep up with inflation, and as a result, the higher costs for basic necessities have affected their shopping habits. So has student loan debt, the decline of the middle class, the growth of e-commerce, and the fact that large retailers have prioritized store expansion over customer experience.

Considering the economic situation, it’s unsurprising that the types of businesses opening the most chains are mass merchants — like Target, Wal-Mart and Dollar General — and convenience stores. IHL also notes that 2,026 fast food stores opened this year. Interestingly, more cosmetics stores are opening than closing (cosmetics become more popular when economic times are tough).

Ultimately, IHL notes, retail sales are up $121.5 billion from July 2016. However, Americans are carrying roughly $1 trillion in credit card debt against very little savings. While total retail sales may be growing, those making profits and finding success are doing so amid a climate of overall economic decline. While the “retail apocalypse” may not have come to total fruition, Americans’ financial futures certainly seem to be on the downturn.
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Offline Golden Oxen

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Re: Official Death of Retail Thread: Sears Canada To Shut ALL STORES
« Reply #107 on: October 12, 2017, 09:12:34 AM »
A tale of Woe indeed. Some boom we are in.  :-\

'Anger, betrayal': Sears staff speak out about demise of the company and their jobs - Business

          
cbc.ca
'Anger, betrayal': Sears staff speak out about demise of the company and their jobs - Business
Sophia Harris Business reporter sophia.harris@cbc.ca
5-6 minutes

Sears Canada workers are feeling confused and angry after learning on Tuesday that the retailer plans to close its remaining 130 stores.

If Sears gets court approval, it would start liquidating the stores as early as Oct. 19, putting the retailer out of business and about 12,000 employees out of work.

"Many of us feel frustrated, anger, betrayal," a Sears manager told CBC News in an email on Tuesday. He and another employee interviewed asked that we not publish their names because they still work for the retailer and fear retribution.

"People don't know what to do," said the manager about staff at his location. "Many people went home already as they were physically upset and needed some personal space."

A Sears memo sent to staff Wednesday said workers will lose their jobs as early as within the next few days, but that some will stay on for a few months. It also explained that employees will lose their benefits as soon as they're terminated.

It did not address severance pay, but the manager says he has been told it won't be offered because Sears is insolvent.

Sears Canada closing store

If Sears gets court approval, it would start liquidating the stores as early as Oct. 19, putting about 12,000 employees out of work. (CBC)

The manager blames Sears' demise on mismanagement by those in charge of the company. "So much wasted money on renos for stores, head office when we were bleeding for cash," he said.

"It's been an extremely painful process to see it all thrown away."

Cash-strapped Sears Canada has been in court-approved creditor protection since June 22. It has already closed 58 stores and laid off more than 3,000 staff without severance. Many workers who remained were hopeful that a current bid to buy the retailer would succeed and save their jobs.

But now it appears that the bid, led by Sears executive chairman Brandon Stranzl, is off the table. According to the employee memo, Stranzl's offer provided "less value than would be derived from a liquidation of Sears Canada assets."

The memo also said it's opting for liquidation now to "take advantage of the coming holiday season."
'Terrible Christmas present'

Another Sears Canada manager told CBC News that he knew the retailer was doomed last week when it got court approval to shut down 10 more department stores, some of which had already been renovated to reflect a modernized Sears.

"It was over. We all knew it but we had to keep our mouths shut," he said. "Those stores were the crown jewels."

Now that Sears intends to close its doors, he said, staff at his location are devastated.

"We're really upset. It's a very terrible Christmas present," he said. "There are people that lived this company. They don't understand how this happened."
Sears Canada employees

'Many of us feel frustrated, anger, betrayal,' a Sears manager told CBC News. (CBC)

Like the other manager we spoke with, he believes Sears Canada met its demise because of mismanagement while the struggling retailer attempted to reinvent itself. Efforts included a new logo, store format, redesigned website and trendy clothing lines.

"It's ludicrous. They just pissed away money and nobody could say anything," said the manager. "I invested a lot of time in this company, and it just seems like no way possible we were going to succeed."

In a staff email sent Tuesday, Sears executive vice-president Becky Penrice offered a different explanation for Sears' misfortune.

    Sears Canada wants to liquidate all remaining stores
    Laid-off Sears workers say hardship fund cash amounts to nothing

"The actions being taken are a reflection on the state of the retail market today," she said. 

Penrice added that she regrets that the retailer has reached this point, and that "this is an extremely sad day for all of us and certainly not the outcome we wanted."
'It's really over'

The news that Sears is closing crushed the hopes of employees still clinging to the notion the retailer could survive, said Zobeida Maharaj. The laid-off senior operations store manager spent 28 years working for Sears in the Toronto area and is in constant contact with current employees.

"They're angry," she said about some of the workers she spoke with on Tuesday after they learned their fate.

"They waited, they hung in. They had that hopeful thing that their stores would probably be saved."
Zobeida Maharaj Sears

Former employee, Zobeida Maharaj says Sears's demise dashed the hopes of workers still clinging to the notion the retailer could survive. (CBC)

But now even Zobeida, who was laid off in March, is having difficulty coming to terms with the demise of Sears.

"You do get upset because you spent most of your adult life in that company and people that you work with become your family," she said.

"It's really over. I'm sad."

                                 


                                 

http://www.cbc.ca/news/business/sears-canada-liquidation-closing-employees-1.4348532 :icon_study:

Offline Surly1

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Re: Official Death of Retail Thread: Sears Canada To Shut ALL STORES
« Reply #108 on: October 12, 2017, 12:05:36 PM »
A tale of Woe indeed. Some boom we are in.  :-\

'Anger, betrayal': Sears staff speak out about demise of the company and their jobs - Business

I seem to recall reading something about a year ago, about the current owner of Sears. Don't have time to research it right now, but I think he owns a real estate leasing company that owns the Sears buildings, such that after they strip the assets, he can rent the shells to third parties. Thus if he loses, he wins. I could be mistaken, but it was some charming scheme like that. Although he also owns a lot of Sears debt, and might get crushed in a liquidation. What do I know?

After they sold the Craftsman brand, you knew Sears was on life support... they always come up on the occasional "death of retail" threads.

I have many find memories of shopping with my parents in a Sears store, which included a visit to the toy section and a bagful of hot cashews.
The end of an era... the way it is with old farts.
"It is difficult to write a paradiso when all the superficial indications are that you ought to write an apocalypse." -Ezra Pound

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Re: Official Death of Retail Thread: Sears Canada To Shut ALL STORES
« Reply #109 on: October 12, 2017, 12:23:43 PM »
A tale of Woe indeed. Some boom we are in.  :-\

'Anger, betrayal': Sears staff speak out about demise of the company and their jobs - Business

I seem to recall reading something about a year ago, about the current owner of Sears. Don't have time to research it right now, but I think he owns a real estate leasing company that owns the Sears buildings, such that after they strip the assets, he can rent the shells to third parties. Thus if he loses, he wins. I could be mistaken, but it was some charming scheme like that. Although he also owns a lot of Sears debt, and might get crushed in a liquidation. What do I know?

After they sold the Craftsman brand, you knew Sears was on life support... they always come up on the occasional "death of retail" threads.

I have many find memories of shopping with my parents in a Sears store, which included a visit to the toy section and a bagful of hot cashews.
The end of an era... the way it is with old farts.

You're talking about Eddie Lampert.  Google "Eddie Lampert Sears" and you'll get all you ever didn't want to know about the financial shenanigans being played with Sears.

End of an Era indeed.


All my first Power Tools were Craftsmen from Sears.  A Circular Saw, a Drill and a Jig Saw.  All corded, this was before rechargeables.  I think all 3 are still in my Storage Unit in Springfield.

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Dying Malls Increasingly Rely On Taxpayer Handouts For Survival
« Reply #110 on: October 31, 2017, 05:20:37 PM »
http://www.zerohedge.com/news/2017-10-30/dying-malls-increasingly-rely-taxpayer-handouts-survival

Dying Malls Increasingly Rely On Taxpayer Handouts For Survival


by Tyler Durden
Oct 31, 2017 1:00 PM


America's dying malls have been a frequent topic of discussion of late as these relics of the 80's have been forced to convert once valuable high-end retail square footage into grocery stores, libraries and doctor offices just to keep the lights on.  Here's just a small sampling of the recent carnage:

        A Third Of All Shopping Malls Are Projected To Close As 'Space Available' Signs Go Up All Over America
        America's Desperate Mall Owners Turn To Grocers, Doctors & High Schools To Fill Empty Space
        Failing Malls Turn Empty Parking Lots Into Carnivals To Generate Cash

But, as Bloomberg points out today, one other funding source is increasingly emerging as a key financial sponsor in the efforts of commercial REITs to re-purpose their failing assets: taxpayers.

In Brookfield, Wisconsin, for example, the city is using tax-increment financing (TIF), a common tool for municipalities to subsidize development by putting property taxes from new projects into a fund that pays for building cost, to help rebuild the Brookfield Square Mall. Meanwhile, as if that weren't enough, the city has also agreed to pay for remediation costs related an old Sears auto repair shop and to build a new convention center and hotel where the Sears once stood.

    In this depressing landscape, there is at least one player still willing to take the risk: local governments hungry for tax revenues. Developers incorporating additions such as housing and parks in their plans are turning to public partners to help rehabilitate the aging retail meccas that dot the U.S. Public subsidies have been part of retail development for decades, but with landlords pouring billions of dollars into renovation to battle a wave of store closures, public-private partnerships are more urgent, and more fraught, than ever.

     

    At the Brookfield Square mall in Wisconsin, the landlord, CBL & Associates Properties Inc., needed a new occupant for a fading Sears. CBL had been tinkering with the mix for the past few years. Earlier, in 2008, it completed a 20,000-square-foot expansion, adding grocery stores and restaurants and renovating the interior.

     

    In the end, it found its tenant: the city of Brookfield.

     

    The local government plans to step in to build a conference center and hotel. By creating a hub for small and medium-size conventions on 9 of the 29 acres currently occupied by Sears, the city hopes to boost CBL’s efforts to reinvent the property, the largest taxpayer in Waukesha County. The idea is a greater focus on entertainment, recreation and business, according to Daniel Ertl, director of community development for the city of about 38,000.

     

    “The Sears store is really a shadow of what it used to be,” Ertl said. “We encourage CBL to continue to reinvent themselves. God knows where retail is going to be in 20 years.”

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Mall

As Bayer Properties CFO, Jami Wadkins, who just secured all sorts of taxpayer-funded handouts to rebuild a failed mall in Alabama, points out, public funding is becoming an "important element of the capital stack of every developer."

    These expansive developments often secure additional public financing through various forms of tax arrangements and incentives, as well as infrastructure spending for things like parking garages. Such funding has become an important element of the capital stack for every developer, according to Jami Wadkins, chief financial officer of Bayer Properties, a real estate company that develops and manages retail real estate.

     

    In Birmingham, Alabama, Bayer worked with the city government to transform the site of the Pizitz, a historic department store that closed in 1987. The Pizitz, which Bayer bought as a vacant building in 2000, was in a rundown neighborhood that lagged behind the revival occurring in other areas of downtown.

     

    Numerous plans ended up on the scrap heap before federal and state aid was secured to build a mixed-use community, which opened in 2016. The development houses 143 residential units -- now 90 percent occupied -- a co-working space, a food hall and retailers, including Alabama’s first Warby Parker.

     

    The project cost was $70 million, including public and private funds. Bayer was able to obtain a low-interest loan from the U.S. Department of Energy, as well as tax credits from the state. The city paid to refurbish the landscaping in the area, including the sidewalks and street lamps, according to Wadkins.

     

    “If you can put a plan together for a city that doesn’t put the city at great risk, then they will invest with you,” Wadkins said.

To conclude, perhaps no one summarized this lunacy better than Ronald Reagan who succinctly described the Government's approach to economic affairs as follows:

    "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

Malls are clearly now in the "subsidize it" phase of the Government's economic plan.


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Closing the books: Book World to close all its stores and liquidate inventory
« Reply #111 on: November 01, 2017, 08:55:23 AM »
http://www.brainerddispatch.com/business/4352441-closing-books-book-world-close-all-its-stores-and-liquidate-inventory

Closing the books: Book World to close all its stores and liquidate inventory
By Frank Lee Today at 7:00 a.m.


The Book World store at 15528 Edgewood Drive in Baxter will be closing, along with the company’s other 44 locations in seven states. Steve Kohls / Brainerd Dispatch

Book lovers in the Brainerd area are likely to shed a tear at Tuesday's announcement by Book World Inc.—it is closing all its stores because of poor sales and online competition.

The Appleton, Wis.-based company will liquidate all its inventory starting Thursday in an "everything-must-go" sale at all of its 45 locations across seven states, including the one in Baxter.

"We anticipate that running at least through the end of the year ... into January, but that's really contingent on inventory—and certainly staffing plays a part in that, too—but primarily inventory," said Book World Senior Vice President Mark Dupont.

The family-owned independent chain of bookstores located throughout Wisconsin, Michigan, Illinois, Iowa, Minnesota, North Dakota and Missouri offers a huge selection of books for all ages. The Baxter store is located at 15528 Edgewood Drive and employs nine workers.

"If inventory is still available, we will continue to sell it. After January—let's say mid-January or, again, whenever the sale ends—we are closing all the stores," Dupont said.

"Everything in our stores, we're trying to sell—all inventory, fixtures, anything essentially, obviously—and then we're going to wind down operations at our corporate office and that will be the end ... after 40 years."

The liquidation sale will offer customers "deep discounts" on books, toys, games, puzzles, magazines, calendars, trading cards, gifts and other merchandise. Customers are encouraged to shop immediately to take advantage of the sale while inventory is still available.

"The bulk of the change has been in 2017. Sales are down at an extraordinary high rate compared to the past. We're seeing other retailers fall. We hear stories in the national news all the time," Dupont said.

"It seems like brick-and-mortar stores—and hopefully I'm wrong—to some degree they are becoming an antiquated way to sell goods. And again you know no one wants to hear that if you work in retail, but we're seeing that."

The national shift in the retail marketplace towards e-commerce "has triggered the loss of vital mall anchor stores and a downward spiral in customer counts at Book World stores," reducing sales to a level that will no longer sustain business operations, according to Dupont.

"A lot of our stores are in shopping malls, but certainly not all of them. The majority of them actually aren't, but at all our stores the traffic count is down, especially at our stores in malls," he said. The Baxter store is a stand-alone location, although it was once located in the Westgate Mall until it moved in 2007.

Book World opened its first store in 1976 in Rhinelander, Wis., and is the fourth largest bookstore chain in the United States "with a strong emphasis on children's, regional and nature titles," according to the company's website.

"We're large enough to meet your needs while still being small enough to be able to provide you with top-notch personalized customer service," reads the welcoming webpage for Book World.

"We still have plenty of profitable stores ... but Book World as a whole can no longer sustain the business," Dupont said. "Baxter is one of our best locations, it is a profitable store, so I'd anticipate we probably would get some calls not to buy the business but hopefully at least the property."

In Minnesota, the company also has stores in Alexandria, Bemidji, Park Rapids and Willmar besides in Baxter. The state with the most Book World locations is Wisconsin.

"People are less willing to go out of their homes and travel to any kind of store nowadays when they can jump on a computer and buy it from any online retailer—not necessarily blaming Amazon, but obviously they are the No. 1 player in that," Dupont said.

Book World hired Yellen Partners to assist with the liquidation process. Yellen Partners is a family-run liquidation company that specializes in assisting in business closing and liquidation.

"We've seen just about in every location downward sales trends ... and we don't see any light at the end of the tunnel, so we made the decision to pull the plug after 40 years," Dupont said.

"We're still in a situation where we don't have any problems paying our employees for their work and try to go out while we can in the proper way."



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Online RE

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18 Sears stores, 45 Kmart stores closing: 2 in Alabama; complete list of closing
« Reply #112 on: November 03, 2017, 01:03:41 AM »
http://www.al.com/news/index.ssf/2017/11/18_sears_stores_45_kmart_store.html

18 Sears stores, 45 Kmart stores closing: 2 in Alabama; complete list of closing locations
Updated 12:15 AM; Posted Today 12:00 AM


Sears Holding has announced another round of closures to Sears and Kmart stores.(John Minchillo / AP)
5.5k shares

By Leada Gore

lgore@al.com

Troubled retailer Sears is closing more locations.

Sears Holding Co. announced Thursday it will close 18 Sears stores and 45 Kmart locations. The announcement comes after a brutal year for Sears, which closed hundreds of Sears and Kmart locations in the past 12 months.

Employees were informed of the closures today. The stores are set to close in late January 2018 with clearance sales starting this week.

Two Alabama stores are on the closure list: Sears in Tuscaloosa and Kmart in Albertville. The Sears Auto Center in Tuscaloosa will close in early December. The store itself will close in January 2018.

The closures are an effort to "right size" its footprint, Sears said in a statement.

"In the process, as previously announced we will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members," the company said. "It's important to note that these stores will remain open to serve members during the holiday season."

Eligible associates will receive severance pay and have the opportunity to apply for open positions at other stores.

The closures bring the total number of Sears stores in the U.S. to about 680, down from 3,500 locations in 2010. There are currently 610 Kmart locations in the U.S.
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First they came for the Mom & Pop stores...
« Reply #113 on: November 03, 2017, 08:34:40 AM »
retail death
retail death
Click the Pic for large

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Offline Eddie

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Re: Official Death of Retail Thread: Life Without Walmart
« Reply #114 on: November 03, 2017, 08:43:48 AM »
Can I get a hallelujah!   
What makes the desert beautiful is that somewhere it hides a well.

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Re: Official Death of Retail Thread: Life Without Walmart
« Reply #115 on: November 03, 2017, 10:19:37 AM »
All that's left is to cross the rainbow bridge into the merry old land of Oz..........   :icon_sunny:

<a href="http://www.youtube.com/v/nIaN9Koa9oM&fs=1" target="_blank" class="new_win">http://www.youtube.com/v/nIaN9Koa9oM&fs=1</a>
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

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Re: Official Death of Retail Thread: Life Without Walmart
« Reply #116 on: November 03, 2017, 10:23:04 AM »
Can I get a hallelujah!

Amen, Brother.

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Offline Surly1

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Re: First they came for the Mom & Pop stores...
« Reply #117 on: November 04, 2017, 06:23:08 AM »
retail death
retail death
Click the Pic for large

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 :emthup: :emthup:
"It is difficult to write a paradiso when all the superficial indications are that you ought to write an apocalypse." -Ezra Pound

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Re: Official Death of Retail Thread: Life Without Walmart
« Reply #118 on: November 04, 2017, 07:56:50 AM »
Back in the day we called this a store....


2017-11-02 - Amazon releases way to view products in 3D:
http://www.recode.net/2017/11/1/16592238/amazon-app-augmented-reality-ar-view-3d
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

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Re: First they came for the Mom & Pop stores...
« Reply #119 on: November 04, 2017, 09:18:55 AM »
retail death
retail death
Click the Pic for large

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 :emthup: :emthup:

 :icon_mrgreen:



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