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***THE MAIN BOARDS - Welcome to the Prison Planet Educational Forum and Library*** => PhD Investigative Reports (only for the hardcore) => Topic started by: Geniocrat on January 18, 2014, 12:34:17 pm

Title: What Recovery? Sears And J.C. Penney Are DYING
Post by: Geniocrat on January 18, 2014, 12:34:17 pm
What Recovery? Sears And J.C. Penney Are DYING

Michael Snyder
Economic Collapse
January 18, 2013

Two of the largest retailers in America are steamrolling toward bankruptcy. Sears and J.C. Penney are both losing hundreds of millions of dollars each quarter, and both of them appear to be caught in the grip of a death spiral from which it will be impossible to escape.

Once upon a time, Sears was actually the largest retailer in the United States, and even today Sears and J.C. Penney are “anchor stores” in malls all over the country. When I was growing up, my mother would take me to the mall when it was time to go clothes shopping, and there were usually just two options: Sears or J.C. Penney. When I got older, I actually worked for Sears for a little while. At the time, nobody would have ever imagined that Sears or J.C. Penney could go out of business someday.

But that is precisely what is happening. They are both shutting down unprofitable stores and laying off employees in a desperate attempt to avoid bankruptcy, but everyone knows that they are just delaying the inevitable. These two great retail giants are dying, and they certainly won’t be the last to fall. This is just the beginning.

The Death Of Sears

Sales have declined at Sears for 27 quarters in a row, and the legendary retailer has been closing hundreds of stores and selling off property in a frantic attempt to turn things around.

Unfortunately for Sears, it is not working. In fact, Sears has announced that it expects to lose “between $250 million to $360 million” for the quarter that will end on February 1st.

Things have gotten so bad that Sears is even making commercials that openly acknowledge how badly it is struggling. For example, consider the following bit of dialogue from a recent Sears television commercial featuring two young women…

“Wait, the movie theater is on the other side,” the passenger says.

“But Sears always has parking!” the driver responds.

Sears always has parking???

Of course the unspoken admission is that Sears always has parking because nobody shops there anymore.

I have posted video of the commercial below…


A couple of months ago I walked into a Sears store in the middle of the week and it was like a ghost town. A few associates were milling around here and there having private discussions among themselves, but other than that it was eerily quiet.

You can find 18 incredibly depressing photographs which do a great job of illustrating why Sears is steadily dying right here. This was once one of America’s greatest companies, but soon it will be dead.

The Death Of J.C. Penney

J.C. Penny has been a dead man walking for a long time. In some ways, it is in even worse shape than Sears.

If you can believe it, J.C. Penney actually lost 586 million dollars during the second quarter of 2013 alone.

How in the world do you lose 586 million dollars in three months?

Are they paying employees to flush giant piles of cash down the toilets?

This week J.C. Penney announced that it is eliminating 2,000 jobs and closing 33 stores. The following is a list of the store closings that was released to the public…

Selma, Ala. — Selma Mall
Rancho Cucamonga, Calif. — Arrow Plaza
Colorado Springs — Chapel Hills Mall
Meriden, Conn. — Meriden Square
Leesburg, Fla. — Lake Square Mall
Port Richey, Fla. — Gulf View Square
Muscatine, Iowa — Muscatine Mall
Bloomingdale, Ill. — Stratford Square Mall
Forsyth, Ill. — Hickory Point Mall
Marion, Ind. — Five Points Mall
Warsaw, Ind. — Marketplace Shopping Center
Salisbury, Md. — The Centre at Salisbury
Marquette, Mich. — Westwood Plaza
Worthington, Minn. — Northland Mall
Gautier, Miss. — Singing River Mall
Natchez, Miss. — Natchez Mall
Butte, Mont. — Butte Plaza Shopping Center
Cut Bank, Mont.
Kinston, N.C. — Vernon Park Mall
Burlington, N.J. — Burlington Center
Phillipsburg, N.J. — Phillipsburg Mall
Wooster, Ohio — Wayne Towne Plaza
Exton, Pa. — Exton Square Mall
Hazleton, Pa. — LaurelMall
Washington, Pa. — Washington Mall
Chattanooga — Northgate Mall
Bristol, Va. — Bristol Mall
Norfolk, Va. — Military Circle Mall
Fond du Lac, Wis., Forest Mall
Janesville, Wis. — Janesville Mall
Rhinelander, Wis. — Lincoln Plaza Center
Rice Lake, Wis. — Cedar Mall
Wausau, Wis. — Wausau Mall

The CEO of J.C. Penney says that these closures were necessary for the future of the company…

“As we continue to progress toward long-term profitable growth, it is necessary to reexamine the financial performance of our store portfolio and adjust our national footprint accordingly,” CEO Myron Ullman said in a news release.

Actually, his statement would be a lot more accurate if he replaced “continue to progress toward long-term profitable growth” with ” prepare for bankruptcy”.

It would be hard to overstate how much of a disaster 2013 was for J.C. Penney. The following is an excerpt from a recent CNN article…

It’s been a brutal year for J.C. Penney, its stock falling over 60% in the past 12 months. The company has been losing hundreds of millions of dollars per quarter, and is in the midst of another turnaround effort after ousting former Apple executive Ron Johnson last year.

Overall, shares of J.C. Penney have fallen by an astounding 84 percentsince February 2012. And keep in mind that this decline has happened during one of the greatest stock market rallies of all-time.

For now, J.C. Penney will continue to try to desperately raise more cash from investors that are foolish enough to give it to them, but all that is really accomplishing is just delaying the inevitable.

If you would like to see some photos that graphically illustrate why J.C. Penney is falling apart, you can find some right here.

And of course Sears and J.C. Penney are not the only large retailers that have fallen on hard times. This week the CEO of Best Buy admitted that sales declined at his chain during the holiday season…

Best Buy shares skid on Thursday after the retailer said total revenue and sales at its established U.S stores fell in the all-important holiday season due to intense discounting by rivals, supply constraints for key products and weak traffic in December.

In the immediate aftermath of that announcement, Best Buy stock was down more than 30 percent in pre-market trading.

And Macy’s just announced that it is laying off 2,500 employees in an attempt to move in a more profitable direction.

So why is all of this happening?

Aren’t we supposed to be in the midst of an “economic recovery”?

That is what the Obama administration and the mainstream media keep telling us, but it is simply not true.

In fact, a new Gallup survey has found that the number of Americans that are “financially worse off” than a year ago is significantly higher than the number of Americans that say that they are “financially better off” than a year ago…

More Americans, 42%, say they are financially worse off now than they were a year ago, reversing the lower levels found over the past two years. Just more than a third of Americans say their financial situation has improved from a year ago.

That is why these stores are dying.

Things continue to get even worse for the middle class.

But a lot of people out there will continue to deny what is happening right in front of their eyes. They are kind of like that woman over in California who was conned out of half a million dollars by a Nigerian online dating scam. They will never admit the truth until it is far too late to do anything about it.

So have you been to a Sears or a J.C. Penney lately?

Do you believe that they will survive?

Please feel free to share what you think by posting a comment below…

http://www.prisonplanet.com/what-recovery-sears-and-j-c-penney-are-dying.html
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Geniocrat on January 18, 2014, 12:35:07 pm
Yeah maybe when they close down the apolitical women and the apolitical homosexual communities will wake up to our economic crisis.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Honor18 on January 18, 2014, 12:44:04 pm
Having working in Asset protection for kmart before they went bankrupt and seeing what they went through it was just a matter of time for sears, jcpenny and other retailers ....... there is no middle class anymore hence the customers that shopped at those retailers no longer shop there as they do not have the money they used to have so where do they shop now ..... Dollar General stores !
     I have seen 6 Dollar general stores open in my City alone and we only have a population in the city limits of 72k this says alot as now the middle class has been turned into the poor .... we will see alot more retailers close up shop very soon !

Grocery chains are next .... We have a brand new Harveys down the street and I shop there occasionally and although they have the best prices for grocery in my area when I go in there I have never seen more than maybe 10 to 15 people at once ........... Guess where alot of people here are buying Groceries ..... Yep you guessed it Dollar General !
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: One Revelator on January 18, 2014, 01:51:21 pm
Grocery chains are next .... We have a brand new Harveys down the street and I shop there occasionally and although they have the best prices for grocery in my area when I go in there I have never seen more than maybe 10 to 15 people at once ........... Guess where alot of people here are buying Groceries ..... Yep you guessed it Dollar General !

I’m seeing the beginnings of a “seconds” market for certain groceries. Canned and dry foods that get rejected due to damage or expiry are being redistributed to discount stores for cheap resale. Consumer choice becomes very limited. But the option of affordable food is there. Don’t know if this is what Dollar General is doing or not.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: decemberfellow on January 18, 2014, 02:58:19 pm
I’m seeing the beginnings of a “seconds” market for certain groceries. Canned and dry foods that get rejected due to damage or expiry are being redistributed to discount stores for cheap resale. Consumer choice becomes very limited. But the option of affordable food is there. Don’t know if this is what Dollar General is doing or not.

Dollar General/  most food products made in China  people should be careful, saving a buck just may kill em.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: decemberfellow on January 18, 2014, 03:04:41 pm
I think I better take the time and "renew" my broken craftman tools before its to late.  Dang it love those tools.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: iamc2 on January 18, 2014, 03:56:53 pm
I think I better take the time and "renew" my broken craftman tools before its to late.  Dang it love those tools.
Get the old Tools out: as they work the best: most of my tools are 20 years and older: and I do own a Craftsman's Circular Saw and Drill: well used and still with the original boxes [both are at least 30 years in service]!

 The fun times are when I bring out my old electric tools and they out preform these New Battery operated pieces of JUNK!

'Dang it I love these tools also, my friend  ;)'

 Americans live in a throw away society: and only want New Toys that last, only, for a moment: sad: but true!

Old sayin': 'If it is not broke: Do not try and fix it.'
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Effie Trinket on January 18, 2014, 04:58:10 pm
Old article, yet prescient.

Been seeing stores I've liked to go to close down over the last few years.  A few new ones noticed 2 weeks ago.  Couple that with overhearing a phone call where the person said "we had to put up our house for sale because we can't afford the mortgage anymore."

Unbelievably terrible.  I can picture the entire country being turned into a ghost town.  Only the elites automated megacorporations will exist, and everyone else will be soft killed, and the patriots quick-killed to prevent the patriots from saving the country.

Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on January 18, 2014, 09:35:20 pm
Oh the ol' US Economy is just Busting out into a sprint !!!  Its as lean as a race horse

(http://www.plasticreef.com/wp-content/uploads/2011/12/dead-horse.jpg)

http://www.cbsnews.com/news/jc-penney-closing-33-stores-cutting-2000-jobs/
J.C. Penney closing 33 stores, cutting 2,000 jobs
AP / January 16, 2014, 4: 06 AM

NEW YORK -- Struggling department-store operator J.C. Penney announced it will cut 2,000 jobs and close 33 stores as it tries to get back on the path to profitability.

The news raises concerns that Penney's holiday season sales were not what the company hoped for and that the chain needs to do even more to recover from a turnaround plan that has had disastrous results.

J.C. Penney Co., based in Plano, Texas, said earlier this month it was pleased with its holiday results but declined to give sales figures, raising worries among Wall Street analysts about how the season actually fared.

"It was a season where they realized that they had to do more to reconnect with the customers they've lost," said Brian Sozzi, CEO and chief equities strategist at Belus Capital Advisors.

The cuts announced Wednesday should save more than $65 million annually. The company will take $26 million in pretax charges in the third quarter and $17 million in future quarters. Penney has 116,000 staffers and operates more than 1,100 stores. All the job cuts are related to the store closings.
...


http://www.nj.com/business/index.ssf/2014/01/retail-roundup-macys-loehmanns-sears-kmart-barnesandnoble-holiday-shopping.html
Bad week for retail: Layoffs at Macy's, Loehmann's closing, Sears stock falls
 January 10, 2014

There was no shortage of bad news coming from the retail industry this week. On Wednesday ShopperTrak, a Chicago-based research firm, announced that while sales had increased a modest 2.7 percent during November and December, foot traffic fell 14.6 percent. The Chicago-based firm said that data shows shoppers took a break after Thanksgiving and Black Friday, did more shopping online than in 2012 and relied on last-minute shopping more than usual.
/...

Sears
 The company, which owns 500 stores, released disappointing holiday sales figures on Thursday. During the nine-week holiday shopping season, which ended Jan. 4, the retailer saw sales plummet 9.2 percent. At Kmart, which is owned by Sears, sales fell by 5.7 percent at stores that had been open at least a year. The company's stock fell more than 13 percent in after-hours trading following the announcement

...


http://www.businessinsider.com/sears-crashing-2014-1
SEARS CRASHING AFTER GIGANTIC LOSS
Jan 9 2014

Sears Holdings is down 15% after hours after the company warned of Q4 losses.

The retailer sees a Q4 adjusted loss of $2.01-$2.98. Analysts were looking for earnings of $0.26 per share.
...

http://www.costar.com/News/Article/More-Store-Closings-Asset-Sales-May-Not-Be-Enough-to-Save-Sears-Analyst-Reports/153939
More Store Closings, Asset Sales May Not Be Enough to Save Sears, Analyst Reports
Also This Week: The latest new property availabilities from firms downsizing and closing up shops in California
By Mark Heschmeyer
November 4, 2013

Sears Holdings Corp. announced a number of actions this past week prior to releasing its earnings report for the third quarter. Sears warned that its third-quarter EBITDA loss will widen to $250 million to $300 million, compared with last year’s comparable-period EBITDA loss of $156 million.

The beleaguered retail giant said it would continue to evaluate its U.S. stores by reviewing each location, including leased locations that are set to expire, and decide whether or not to renew leases for them.

"We expect to improve our financial performance by removing unprofitable locations, and redeploying the capital tied up in those locations, while sharpening our focus around existing Sears and Kmart stores that have higher levels of profitability,” the company said. “We believe this will be accomplished without incurring significant closed store lease liabilities due to the nature of our leases.”

Chicago-based Sears also announced it was evaluating spinning off both its Lands' End and Sears Auto Center businesses.

Also, this week, Sears' Canadian operation announced an agreement to sell five store leases to Cadillac Fairview Corp. for $383 million.

Four of the five stores are in Ontario and the fifth store is British Columbia and co-owned by Ivanhoé Cambridge and Cadillac Fairview. The transaction requires Sears to vacate three of the locations by Feb. 28, 2014 and the other two a year later.
/...
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: iamc2 on January 19, 2014, 05:31:31 am
             "America is Closed for Business."

 the bastard globalists have destroyed our manufacturing; and this is a FACT!

 if this continues all of the USA economy will fall off the planet... >:(
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on January 19, 2014, 11:46:04 am
Notice that the whole "local" distribution economy is disappearing , leaving people completely dependent on this new nearly invisible one that , if it goes, leaves people with nothing. Notice this new system is devoid of any culture or style , no community.  People can't afford to drive to the mall, can't afford to window shop except by internet. The previous store owners can no longer afford the overhead.  

http://www.youtube.com/watch?v=o00TE3AbtZs
Clip from "Malls R Us" - Segment featuring Deadmalls.com

Filmed summer 2007, the documentary Malls R Us takes us to the mall, not just as a destination, but as a powerful profit-making venture. But, are developers going too far in pursuit of the next best mall, only to turn their profits and then dump the real estate, with no consideration for what was displaced, and what the future brings once the mall is abandoned. Careful thought and lessons learned in the United States are seemingly oblivious when the potential for profit is endless. I encourage you to watch this film!


http://www.youtube.com/watch?v=cp4q3fKi8hI
ABANDONED MALL | VLOG
Published on Apr 18, 2013  

We went exploring in an old mall that's going to be torn down! We did not mean for this to be creepy or anything just another place we went vlogging!


http://www.youtube.com/watch?v=1vcgFkJ9RBI
Abandoned Rolling Acres Mall, Akron 2012
...
Rolling Acres Mall. A once beautiful, nationally recognized mall for its design; opened in 1975 which would later come to a sharp decline in 2007 and close indefinitely in 2008.

What once stood as a magnificent piece of architecture, including the center of the structure known as The Court of the Twelve Trees has now been thrown to ruins throughout the past 4 years.

This mall housed stores such as O'neil's, Pretzel Time, and JCPenny (Which still oddly stands to this day).
...
http://www.youtube.com/watch?v=_0HbfFyfxuI
Dead Mall - Carousel Mall - San Bernardino, CA
Published on Sep 1, 2013  


This mall is on life support! It's a ghost mall. Only a few lingering shops remain. So sad and dreary here. ... Recorded on Saturday, August 24, 2013

http://www.youtube.com/watch?v=cX0Jv3sPGc0
Dead Mall: Mall at the Source Update - March 2013
Published on May 5, 2013  

This is an update on the status of the Mall at the Source in Westbury, NY. This video was made in early March, but I didn't get around to uploading it until now.

in the 6 months between my last video and this one, I'd say that it lost about half of its remaining tenants, including its biggest ones


http://www.youtube.com/watch?v=vXdoFPvcF_M
Dead Shopping Center in Steele Creek, North Carolina.
Uploaded on May 15, 2011  

This video is shows a dead shopping center. There are many dying or dead shopping centers all over the United States. It shows how the real estate market is not turning around. This video also shows the failed real estate developers and what they leave behind after failing. The American economy is not coming back anytime soon.


http://www.youtube.com/watch?v=3yCakVqs3S0
Crestwood Court: Dead Mall in its Final Days (A Walkthrough)
Published on Feb 29, 2012  

Crestwood court, formally the busiest mall in the St. Louis area, has declined dramatically in the past decade. Although the mall has made an attempt to revive itself by introducing "Artspace" (renting out stores to art studios), the mall's fate was sealed when Sears announced the closure of their store. Sears was the last remaining anchor store. Today, we take a walk through the mall 2 days before all art tenants were told to move out. The mall will mostly be torn down and gutted in the coming year, hopefully being turned into a new lifestyle center if the funding is available

http://www.youtube.com/watch?v=1T2FEO1S4E0
Closed North Towne square mall in Toledo Ohio is now a ghost town
Published on Oct 17, 2009  
Another broke and empty Toledo mall


http://www.usatoday.com/story/opinion/2013/09/17/malls-dying-business-memories-column/2820677/
America's dying mall culture
Christopher Leonard 3:50 p.m. EDT September 18, 2013
The crippled and crumbling remains of shopping centers symbolize a golden age.
...

So it is that people cling to dead towns, dead malls, and the memory of how things used to be. It's irrational, economically — maybe emotionally, too. I should probably accept the waning of the towns and cities I knew growing up. But I still love to drink cheap coffee at places like Jerry's Subs, read nonfiction stories printed on paper and ponder the way things used to be. What can I say? It feels like home.


http://www.wkyc.com/story/news/local/2013/11/07/empty-shopping-malls-northeast-ohio/3469689/
Shopping malls sit empty across Northeast Ohio
Maureen Kyle, WKYC 7:47 p.m. EST November 7, 2013

In every part of Northeast Ohio, there's a former shopping mall sitting empty. That means property values drop and communities live with a blighted property.

Decades ago when Euclid Square Mall first opened, the place was bustling with people, fountains bubbled with water and every retail space was occupied. Now it's eerily quiet.

"First impression, it was surreal," says Robert Townsend, who used to work at Euclid Square mall for two years.

It is the first time since 1998 Robert Townsend stepped foot inside.

"It's like a movie where stuff closes or a bomb goes off or zombies. It's like that, it feels like that," he said.

Like other malls in Northeast Ohio, popularity dwindled, anchor stores moved out, and small mom and pops couldn't keep up. Acres of property now sit empty.

A 2006 Cleveland State study found every year, as stores closed, the city of Euclid lost $27,000 dollars in generated income tax.

...
Most of society is like Townsend, who grew up a mall rat. "I remember my mom would give me money and I would get on the bus and I would go to Randall with a roll of quarters and go to the arcade and play in the arcade or the $2 movie."

But he and so many others moved forward with the changing times.

"It's old fashioned. Like I watch reruns of "Rosanne" and they say 'the mall' and I'm like, 'Wow people don't do that anymore.'




http://money.msn.com/top-stocks/post.aspx?post=cf016974-684e-4838-8165-5af134cc4208
Shopping malls empty out
Recession aftershocks send vacancies to their highest level in more than a decade.
by Kim Peterson Apr 8, 2011 1:35PM

Is the shopping mall an endangered species? Significant changes in the economy and in the way we shop are killing off mall stores.

This spring has seen mall vacancies hit their highest level in 11 years, The Wall Street Journal reports. The vacancy rate is a surprisingly high 9.1%. The situation is really miserable at strip malls, where the vacancy is forecast to surpass 11% later this year -- the highest level in 21 years.
...

There's another problem. In the past, many of those neighborhood malls did well with a big anchor store, something like a Borders bookstore or a Blockbuster. Both of those chains went into bankruptcy. And remember Mervyn's? I still see floundering shopping centers around the country with an empty Mervyn's space in the middle of them.

Another once-dependable anchor store was Best Buy (BBY), which is in its own identity crisis after losing significant business to places like Wal-Mart (WMT) and Target (TGT).

So can neighborhood shopping centers survive without those anchors? Well, there's one more big problem they're facing: The Internet. Online shopping is a serious threat, accounting for 12% of total spending over the holidays, the Journal reports.

"We will hit a tipping point soon, if we have not already, where online will become so mainstream that retailers will wonder what they need some of these big boxes for, when you have a retail presence in everyone's pocket via your smartphone," one retail analyst told the newspaper.

This is a major change in American culture as well. Losing the shopping mall -- even the smaller strip malls -- removes yet another meeting place and neighborhood center. Already, some cities are turning empty malls into offices and homes. Those are better uses for the land, no doubt, but a little identity disappears along the way.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on January 26, 2014, 10:42:12 pm
What we need is Disco! Bring disco and Roller rinks back and we will see a thriving economy , just like the unemployed in the late 70's and early eighties! Pre - cocaine and no AIDS!!!

(http://4.bp.blogspot.com/--sLONMWogRw/UcA7BG7BTXI/AAAAAAAAKYg/4qoA2tPBi7Q/s400/santorumrs.jpg)
Roller Skating: You've Come a Long Way Zanadu!  (http://sports.xanaland.com/2013/06/roller-skating-youve-come-long-way.html)

http://www.youtube.com/watch?v=vprZhrFNL_U
Roller Disco - Roller Boogie (1979)

Sequence of the film Roller Boogie (1979) starring Linda Blair. The film is set in Beverly Hills and is about a girl named Terry Barkley (Linda Blair) who lives with his parents and a wealthy life much money. One day Terry prepares to walk with her best friend Lana (Kimberly Beck), target boards where all skating. Later, Terry goes to a skating rink, where he meets Bobby James (Jim Bray), who is an expert skater.

http://www.youtube.com/watch?v=7m1UWSD-FaA
Olivia Newton John & ELO - Xanadu
Olivia Newton-John & ELO
Xanadu
Soundtrack Xanadu (1980)

http://www.youtube.com/watch?v=VeqXSSLVxm4
The best choreographed roller skating scene ever. (Excuse the poor pixelized quality.)

http://www.youtube.com/watch?v=Rb4WLZHXcds
Olivia Newton John - Xanadu (FULL Film Video Version).mp4

http://www.youtube.com/watch?v=V19sDA49Iio
Bisquit - Roller Boogie

http://www.youtube.com/watch?v=9mPGPdD2R8g
"Playboy's Roller Disco & Pajama Party" (1979) - Part 1 - Richard Dawson, Dorothy Stratten
http://www.youtube.com/watch?v=mRSBPgmwwkI


http://en.wikipedia.org/wiki/1973%E2%80%9375_recession
1973–75 recession

The 1973–75 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the general post-World War II economic boom. It differed from many previous recessions as being a stagflation, where high unemployment coincided with high inflation. The period was also described as one of "malaise" (ill-ease; compare "depression").
...
Although the economy was expanding from 1975 to the first recession of the early 1980s, which began in January 1980, inflation remained extremely high until the early years of the 1980s

http://en.wikipedia.org/wiki/1979_energy_crisis
The 1979 (or second) oil crisis in the United States occurred in the wake of the Iranian Revolution. Amid massive protests, the Shah of Iran, Mohammad Reza Pahlavi, fled his country in early 1979 and the Ayatollah Khomeini soon became the new leader of Iran.
...
Due to memories of oil shortage in 1973, motorists soon began panic buying, and long lines appeared at gas stations, as they had six years earlier during the 1973 oil crisis

(http://upload.wikimedia.org/wikipedia/commons/thumb/a/a4/Line_at_a_gas_station%2C_June_15%2C_1979.jpg/640px-Line_at_a_gas_station%2C_June_15%2C_1979.jpg)
Automobiles lining up for fuel at a service station in the U.S. state of Maryland in the United States, in June 1979.

http://en.wikipedia.org/wiki/Early_1980s_recession
The early 1980s recession was a severe recession in the United States which began in July 1981 and ended in November 1982.[2][3] The primary cause of the recession was a contractionary monetary policy established by the Federal Reserve System to control high inflation.[4] In the wake of the 1973 oil crisis and the 1979 energy crisis, stagflation began to afflict the economy of the United States.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on March 04, 2014, 11:11:13 am
http://www.theguardian.com/business/2014/mar/04/radioshack-close-stores-falling-sales
RadioShack to close 1,100 stores due to mounting losses

Despite increased advertising, electronics retailer announces closure of a fifth of its total locations because of falling sales

theguardian.com, Tuesday 4 March 2014 10.33 EST   

RadioShack plans to close 1,100 stores – a fifth of its total – becoming the latest electronics retailer to slash its bricks-and-mortar presence in the face of falling sales.

The company announced the closures as it revealed that a sharp drop in sales over the holidays had left it with a loss of $400m last year, up from a loss of $139.4m in 2012. In the final quarter of the year, traditionally a retailer’s best, RadioShack lost $191.4m, up from a $63.3m loss for the same quarter a year earlier.

The closure announcement comes after RadioShack scored a critical hit at February’s Super Bowl with an ad that lampooned its woes. The spot, the company’s first Super Bowl ad in a decade, featured 1980s celebrities including Hulk Hogan, Twisted Sister singer “Dee” Snider and the puppet Alf and highlighted its efforts to update a tired image.
...
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Bitz on March 04, 2014, 11:29:00 am
I kind of expect that after they dumped whatever they had left on that superbowl commercial (http://www.star-telegram.com/2014/02/03/5535901/radioshack-scores-big-with-self.html).
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: EvadingGrid on March 04, 2014, 11:47:03 am
I find this rather sad.

I have happy memories of shopping in J.C. Penny when I lived in the USA.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: donnay on March 04, 2014, 12:10:22 pm
It saddens me because it is all being done by design.

When the façade comes crumbling down, people jumping out of windows due the 1929 crash will pale into insignificance.

People better learn some skills before it does.  :(
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on March 04, 2014, 12:20:49 pm
http://www.businessinsider.com/shopping-malls-are-going-extinct-2014-1
America's Shopping Malls Are Dying A Slow, Ugly Death
Jan 31 2014

All across America, once-vibrant shopping malls are boarded up and decaying.

Traffic-driving anchors like Sears and JCPenney are shutting down stores, and mall owners are having a hard time finding retailers large enough to replace them. With a fresh wave of closures on the horizon, the problem is set to accelerate, according to retail and real estate analysts.

About 15% of U.S. malls will fail or be converted into non-retail space within the next 10 years, according to Green Street Advisors, a real estate and REIT analytics firm. That's an increase from less than two years ago, when the firm predicted 10% of malls would fail or be converted.

"The risk of failure for a mall increases dramatically once you see anchor closures," said Cedric Lachance, managing director of Green Street Advisors. "Their health is very important ... and most of them are highly likely to continue closing stores."

...
What will eventually replace these ghost malls are community colleges, business offices, and health care facilities, according to Green Street Advisors.

Until then, many of these former shopping hubs will continue the gradual process of boarding up windows and turning out the lights, one store after another.

http://www.flatheadbeacon.com/articles/article/where_malls_are_dying_in_america
Where Malls are Dying in America
(http://www.mygen.com/images/Dead-Malls.jpg)
By Kellyn Brown, 05-22-09
 
The Wall Street Journal has a fascinating story today on where and why dozens of malls across America are losing retailers and “dying.” Retail sales have been hammered by the recession and malls that were struggling before the downturn are now on the brink.

One industry rule of thumb holds that any large, enclosed mall generating sales per square foot of $250 or less – the U.S. average is $381 – is in danger of failure.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: chris jones on March 04, 2014, 12:51:14 pm
 Once upon a time the stamp * MADE IN THE U.S.A.  was the winner worldwide. Skill, craft manship, pride in product, guaranteed.
   
  Honors* post hit it, folks are struggling to maintain the lifestyle..cheaper. is the only option.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on March 04, 2014, 03:47:25 pm
http://www.tahoedailytribune.com/northshore/10284087-113/porters-tahoe-store-truckee
After 54 years, Porters Sports to close final Tahoe/Truckee location

TRUCKEE, Calif. — A longtime iconic Truckee/Tahoe winter gear shop is hanging up its skis for good.

After more than 50 years in business, Porters Sports Lake Tahoe is closing once it sells the remaining merchandise at its Truckee location at the Crossroads Shopping Center on Deerfield
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: iamc2 on March 04, 2014, 04:19:48 pm
http://www.tahoedailytribune.com/northshore/10284087-113/porters-tahoe-store-truckee
After 54 years, Porters Sports to close final Tahoe/Truckee location

TRUCKEE, Calif. — A longtime iconic Truckee/Tahoe winter gear shop is hanging up its skis for good.

After more than 50 years in business, Porters Sports Lake Tahoe is closing once it sells the remaining merchandise at its Truckee location at the Crossroads Shopping Center on Deerfield

Your info. PROVES that America is DEAD when it comes to manufacturing...

...a generation lost to globalism.. :'(

In 50 years these bloody bastards have changed the world...and I have seen this occur in my lifetime..it is all real...the NWO wants you and I DEAD.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: BlackRoses on March 04, 2014, 07:46:58 pm
Americans live in a throw away society: and only want New Toys that last, only, for a moment: sad: but true!

Old sayin': 'If it is not broke: Do not try and fix it.'

Okay, I'm not talking about the people that run down to the stores and buy the latest ipad or iphone that comes out. I'm talking about the people that want quality stuff. People pay so much money for crap that barely lasts a few years and that's if it's any good to begin with. Doesn't matter if we're talking a little item or a big item.

I realize this is small potatoes but I have a vcr* and it's at least 20 years old. It doesn't work perfectly anymore...sometimes it'll eat tapes, a few buttons on the remote don't want to work. But the fact it at least lasted about 15 years says something to me. I've had other vcrs that didn't even last the 5 year mark. I realize that's how it is, all by design. "Well, come on out and get a new item for whatever you need replacing. Use it for a few years and come back out and get another one." It's quality for me. That's what I care about. I'd rather have things that last me a long, long, long time instead of having a bunch of piles of *hit products around me.

*lol, yeah, I'm talking about vcrs. Sometimes I think I'm still mentally in 1986 or something. :D

It saddens me because it is all being done by design.

When the façade comes crumbling down, people jumping out of windows due the 1929 crash will pale into insignificance.

People better learn some skills before it does.  :(

True. I really do think some people will survive any *hitstorm that comes their way. And some people aren't. They'll be the ones flipping out, trying to break into other people's houses, hurt or kill other people to get any necessity items they need. And some people really are going to end things because they feel death is better than this,  ya know?
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: iamc2 on March 05, 2014, 11:48:00 am
Okay, I'm not talking about the people that run down to the stores and buy the latest ipad or iphone that comes out. I'm talking about the people that want quality stuff. People pay so much money for crap that barely lasts a few years and that's if it's any good to begin with. Doesn't matter if we're talking a little item or a big item.

I realize this is small potatoes but I have a vcr* and it's at least 20 years old. It doesn't work perfectly anymore...sometimes it'll eat tapes, a few buttons on the remote don't want to work. But the fact it at least lasted about 15 years says something to me. I've had other vcrs that didn't even last the 5 year mark. I realize that's how it is, all by design. "Well, come on out and get a new item for whatever you need replacing. Use it for a few years and come back out and get another one." It's quality for me. That's what I care about. I'd rather have things that last me a long, long, long time instead of having a bunch of piles of *hit products around me.

*lol, yeah, I'm talking about vcrs. Sometimes I think I'm still mentally in 1986 or something. :D

True. I really do think some people will survive any *hitstorm that comes their way. And some people aren't. They'll be the ones flipping out, trying to break into other people's houses, hurt or kill other people to get any necessity items they need. And some people really are going to end things because they feel death is better than this,  ya know?
You have stated a long lost truth my friend; and that is: 'WE Can Survive with Time Tested Ways' and We as The People have the Skills to Survive... ;)
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Geniocrat on March 05, 2014, 03:14:00 pm
I never would have believed it either.   Americans would rather go into the poor house rather than vote 3rd party or secede.

Chuck Baldwin back in 2008 was campaigning to put a stop to all of this and only the infowarriors listened.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on March 05, 2014, 03:44:32 pm
http://www.zerohedge.com/news/2014-01-31/wtf-going-real-disposable-income-plummets-most-40-years
Real Disposable Income Plummets Most In 40 Years
Tyler Durden's pictureSubmitted by Tyler Durden on 01/31/2014 09:11 -0500

We may not know much about "Keynesian economics" (and neither does anyone else: they just plug and pray, literally), but we know one thing: when real disposable personal income drops by 0.2% from a month earlier, and plummets by 2.7% from a year ago,  the biggest collapse since the semi-depression in 1974, something is wrong with the US consumer

(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/01-overflow/Real%20Disposable%20Income%20LT_0.jpg)

[ Notice this chart shows 1974-75 and how it compares with today...  Which is more as to why malls are dying - You don't buy what you can't buy. ]  
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Geniocrat on March 05, 2014, 04:03:18 pm
That is the big problem in general adults have a bare minimal functioning understanding of economics much less banking.

The kicker is that the films are online for all to see.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: egypt on March 05, 2014, 04:59:35 pm
The Death & Decay

This is yet another symptom of decay.  Decay of our culture and society is the result of what is called divide & conquer.  Divide & conquer is a ploy being used against America, that works.  There are many examples to be seen of divide & conquer's success.

Just by observing, one can see a dying, failing culture and society in many ways.  Lack of values, rampant corruption, destruction of the family unit, the death of major store chains are out-in-the-open symptoms we all easily see.

What else is there to do?

Say you are a ~weaker~ order and you need what others have because you cannot produce yourself.  Or, maybe you simply want what others have.  And/or maybe you want lord over  out of an ego problem in proving you have the better genetics.

A weaker smaller peoples use a ploy to loot and plunder their chosen enemy.  This ploy is that the targeted enemy is slotted to destroy itself.  It is pretty smart if it can be pulled off.  No wonder the enemy is viewed as cattle when they fall for the machinations.   So, for the enemy to destroy itself,  divide & conquer operations are deployed.

What Ploy & Operations?

There are so many fronts to the divide & conquer operations.  It is overwhelming to even think about any one of them, let alone all.  The call went out a long time ago to pick an area of interest and work to set it right.  Many use the enemy's tactic of infiltration, then they whistleblow.  Divide & Conquer attack operations include:

Propaganda "We are your friends"
Snitch System:  Snitch on each other and destroy those around you
Snitch System:  Laws require doctors, lawyers, landord, store clerk etc. to Snitch
Disarmament:  No right to bear arms, disarm your enemy
No Free Speech
No Freedom of Religion
No Right to a Speedy Trial
Taxation without Representation
Isolation of Citizens: No gathering & talking.  Watch TV.  Don't trust your neighbor.
The Family Destruction through Child Protective Services (which circumvents the law)
Economics:  Obamacare
Economics:  Illegal Immigration
Economics:  Fraudulent Mortgage Scam resulting in millions losing their homes
Lack of Transparency:  FOIA (government's seedy ~compliances~)
Lack of Transparency:  9/11 and President John F. Kennedy
Corrupt Judges
Corrupt Police
Corrupt Business Operations & Scams
Corrupt Educational Systems: Universities and Schools
Corrupt Educational Systems:  Attack on homeschooling
Mass Water Poisoning (fluoride)
Mass Poisoning through Vaccines (sterilization of youth)
Big Pharma Operations
Banksters Operations (end the fed)
Open Lying & Corrupt Operations by Leaders:   Meant to Demoralize their enemy
Subversion of Youth through Satanic Values:  Results in destruction from within
Subversion of Youth through Violence in Media:  Movies, what is cool, video games
Subversion of Youth through anti-values:  Thug culture, dishonesty, lack of respect

Please add to the list.
Please pick a front and work to correct it through peaceful means.


Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: chris jones on March 05, 2014, 05:08:48 pm
This nations populace mindset is shredded.
 Truth addicts get the picture, then there are the majority they may not have all the facts but understand were in trouble though have no idea what to do-about given up, disqusted, feel hopless, fearfull etc..
 The remainder live in a impenetrable bubble.

That leaves only the powermongering, rat bastard parasites suking this nations blood.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on March 06, 2014, 11:25:31 am
http://sharon.patch.com/groups/business-news/p/staples-closing-more-than-200-stores-nationwide
Staples Closing More Than 200 Stores Nationwide

Move comes as retailer continues to cut costs, reinvent itself.
Posted by  Liz Taurasi  (Editor) , March 06, 2014

As the office supply retailer continues to reinvent itself, Staples has announced it’s closing 225 stores by the end of 2014.

The Framingham, MA-based retailer says it’s aggressively cutting costs to become more efficient as nearly half of the company’s sales are now generated online.
...
Staples as 2,200 stores worldwide with 1,500 locations in the United States. The store closings will impact Staples locations in the United States.

The plan is expected to help the company save approximately $500 million by 2015.

| - - - -

http://www.cbsnews.com/news/plunging-mall-traffic-is-killing-some-restaurants-and-stores/
Plunging mall traffic is killing some restaurants and stores
Kim Peterson/MoneyWatch/March 6, 2014,

Shopping malls are slowly turning into ghost towns, and that's taking a toll on the stores and restaurants inside of them.

Nowhere is this more apparent than in the mall food court. Several fast-food chains that were once a primary source of sustenance for bored teens are crumbling, unable to stay in business as shoppers spend their money elsewhere.

The latest victim is Sbarro, the pizza and pasta chain that was a staple at mall food courts. The company could file for Chapter 11 bankruptcy protection as early as next week, The Wall Street Journal reported late Wednesday, citing sources familiar with the matter.

...

Also struggling is Hot Dog on a Stick, an employee-owned chain with locations primarily in the West and Midwest, which filed for Chapter 11 bankruptcy protection last month. The company says that expensive mall leases were the main reason its business is failing, according to news reports.
...
Onetime teen darling Abercrombie & Fitch (ANF) has also struggled, and expects to close 60 to 70 U.S. stores this year. RadioShack (RSH) is closing up to 1,100 stores this year.
...
"The problem is when people come to that mall, they think about what it used to be," one former store owner told The Tennessean.
"And when they walk around and see the empty spaces, there's no reason for them to come back."
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: egypt on March 06, 2014, 11:43:39 am
There was a nice, large mall, the first one in town.  Great parking.  Great location.   It was remodeled two times, most lovely and functioning.   I am sure there were bathrooms in every store spot.

Out the window everything went.  Instead of a place to let homeless live.. families thrown out on the street... it was razed instead.

Now there is a huge empty, asphalt-paved lot with weeds growing up through the cracks and a delapidated cyclone fence eyesore right in the main streets corner of town.

Plenty of seagulls.  They live there now.

The perfectly-functioning gorgeous all marble courthouse?  They want to raze that too.   At the same time,  public areas, more and more, seem to sport a new "sculpture" obviously satanic in design and nature.  No, they don't look good.  They are well-kept and given prominence in location with lots of space around them.

The regular parks with swings for the kids look like delapidated inner city dumps.  People don't go there with their kids.

Public toilets sure have taken a turn.  Immigrants who were never indoctrinated into American society run 7-11's and the like.  They don't use a toilet to do #2.  (I honestly don't know about #1)  Instead, it is in piles on the floor all around the toilet.  I came out so pissed, and they begged me to please not tell anyone and said they would clean it up right away.  Obviously, it had been addressed before.  This is right in a main street in town.

Public facilities in general all over America are places I don't want to touch.  Nothing is clean anymore and it smells.  I'll take the clean dirt out in the back 40 anytime compared to what has become the norm.

The sad thing is, there are generations now, who know no differently and do accept it as the norm.

And sorry, there never used to be tagging and graffiti everywhere.  Destruction and making an eyesore of gorgeous brick buildings where it is nearly impossible to remove.  It took illegal immigration to bring that to town.  To the tune of 3000-5000 per month for over a year, flooding in.


Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: iamc2 on March 06, 2014, 11:59:58 am
There was a nice, large mall, the first one in town.  Great parking.  Great location.   It was remodeled two times, most lovely and functioning.   I am sure there were bathrooms in every store spot.

Out the window everything went.  Instead of a place to let homeless live.. families thrown out on the street... it was razed instead.

Now there is a huge empty, asphalt-paved lot with weeds growing up through the cracks and a delapidated cyclone fence eyesore right in the main streets corner of town.

Plenty of seagulls.  They live there now.

The perfectly-functioning gorgeous all marble courthouse?  They want to raze that too.   At the same time,  public areas, more and more, seem to sport a new "sculpture" obviously satanic in design and nature.  No, they don't look good.  They are well-kept and given prominence in location with lots of space around them.

The regular parks with swings for the kids look like delapidated inner city dumps.  People don't go there with their kids.

Public toilets sure have taken a turn.  Immigrants who were never indoctrinated into American society run 7-11's and the like.  They don't use a toilet to do #2.  (I honestly don't know about #1)  Instead, it is in piles on the floor all around the toilet.  I came out so pissed, and they begged me to please not tell anyone and said they would clean it up right away.  Obviously, it had been addressed before.  This is right in a main street in town.

Public facilities in general all over America are places I don't want to touch.  Nothing is clean anymore and it smells.  I'll take the clean dirt out in the back 40 anytime compared to what has become the norm.

The sad thing is, there are generations now, who know no differently and do accept it as the norm.

And sorry, there never used to be tagging and graffiti everywhere.  Destruction and making an eyesore of gorgeous brick buildings where it is nearly impossible to remove.  It took illegal immigration to bring that to town.  To the tune of 3000-5000 per month for over a year, flooding in.



I have seen this same thing here in Western New York: and these 'Strip Malls' are Empty and Decaying. America is Rotting to the core.. :-[

Our whole world is spinning out of control and those in control of this spin are having the time of their lives.

Nazis' love chaos  wherever it is...and at this point this infection is global... :'(...and GOD is crying !
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Bitz on March 07, 2014, 01:56:37 am
(http://i.imgur.com/Hjat7SZ.jpg)

Staples to close up to 225 stores (https://www.bostonglobe.com/business/2014/03/07/staples-close-north-america-stores/LpoUGvzIm5uFAmFNFpm7jM/story.html)

Staples Inc., the big office supply retailer trying to reinvent itself in the face of intense Internet competition, plans to close up to 225 stores and slash $500 million in annual costs by the end of next year.

The Framingham company has closed about 40 locations and shrunk the size of another 40 superstores in the past year. The more aggressive plans detailed Thursday follow disappointing sales results for the Christmas period and forecasts for more business declines.

“Now I want to make it clear that we’re not getting out of the retail business,” Staples chief executive Ron Sargent said in a call with analysts. “That said, stores have to earn the right to stay open, and we are committed to making tough calls when it’s necessary.”

The planned cuts will reduce the number of Staples stores in North America by about 12 percent. There are 75 Staples stores in Massachusetts. It was unclear how many could be affected by the new plan.

Staples first revealed plans to radically reshape its business in 2012, reacting to heightened competition and a diminishing demand for such core products as paper, ink, and toner in the digital age. The company unveiled a multiyear plan to reduce its retail footprint and emphasize online and mobile sales.

Staples intended to close some stores and shrink others while retaining most of the business conducted at those locations with more robust online sales of its own. But the retail world was changing faster than Staples itself and the company failed to keep pace with steep declines in sales and customer traffic in stores.

Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Geolibertarian on March 07, 2014, 03:24:07 am
Doesn't this make one wonder why so many "conservatives" and right-leaning "libertarians" are infatuated with the idea of taxing sales even more than we do already?

     http://forum.prisonplanet.com/index.php?topic=254684.0 (http://forum.prisonplanet.com/index.php?topic=254684.0)
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: EvadingGrid on March 07, 2014, 01:05:25 pm
Doesn't this make one wonder why so many "conservatives" and right-leaning "libertarians" are infatuated with the idea of taxing sales even more than we do already?

     http://forum.prisonplanet.com/index.php?topic=254684.0 (http://forum.prisonplanet.com/index.php?topic=254684.0)

Your joking surely ?

Increase taxes ?


Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Geolibertarian on March 07, 2014, 02:08:44 pm
Your joking surely ?

Increase taxes ?

On sales, yes.  "And don't call me 'surely (http://www.youtube.com/watch?v=0A5t5_O8hdA).'"   ;)

To be more specific, at the moment there's no national sales tax in the U.S. So if there's an explanation as to why the institution of such a tax would not constitute a net "increase" in the overall tax burden on "sales," I've yet to hear one.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Waltraut on March 07, 2014, 07:30:21 pm
yeah - I've always been a Sears, Penneys clothes shopper. Sears has been bothering me lately with their insistent info tracking requests. At the cash register after offering you a credit card, the Sears clerk insistently asks for your email address and home address. I give them a fake address each time, and then as they type in the data they have responded "oh, we don't have a record for you yet... I'll have to start a new profile for you". It's like... cut it out and just take my money please
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Waltraut on March 07, 2014, 07:40:47 pm
on the mall topic - Seattle has a lot of complaints of sharply rising rents and prices near where amazon.com has their offices north of downtown. Amazon is what is displacing a lot of shopping.

My parents have been living by a closed steel mill and a dead mall called Totem Lake - which has been nearly empty for years due to a mixture of business going to outlying strip malls with more self-standing stores, and bad management. The newspaper recently announced that google wants the city to set up special transit options or a train ending at this mall and that made me realize that tech companies have their eyes on it as a new facility. I hope this area doesn't become like Silicon valley or something.
Title: Walgreens closing 76 stores by August 2014
Post by: Bitz on March 26, 2014, 12:56:24 am
(http://www.trbimg.com/img-533190ef/turbine/chi-20140325-001/600)

Illinois-based Walgreen Co. plans to close 76 unprofitable stores by August 2014.

The closures affect less than one percent of all Walgreen’s locations in the U.S. according to Walgreen Chief Executive Greg Wasson, who announced the closings during a Tuesday, March 25 discussion of the company’s second-quarter 2014 financial results.

Walgreens also planned to open new stores in 2014, resulting in a net increase of 55 to 75 locations. Walgreens operates more than 8,600 drugstores.

The company did not specify which stores would close. Most of the closings were planned for locations where real estate values have declined dramatically or where another Walgreens store opened nearby.

Employees affected by the closings will be reassigned according to Wasson.

Walgreen Co. is based in Deerfield.

http://wqad.com/2014/03/25/walgreens-closing-76-stores/
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on March 26, 2014, 02:44:45 pm
http://www.youtube.com/watch?v=IIdGxR-aU6o
http://cdn.theatlanticcities.com/img/upload/2012/01/23/BluesBrothers.main/largest.png

http://www.cbsnews.com/news/a-dying-breed-the-american-shopping-mall/
...
Today, malls across the U.S. are dying.
No new enclosed mall has been built since 2006,

 and Lewis predicts fully half of all our malls will close in the next 10 years.


http://www.dailymail.co.uk/news/article-2316114/The-story-25m-shopping-mall-trashed-Blues-Brothers-epic-police-chase-just-torn-30-years.html
The untold story of the $25m shopping mall trashed in Blues Brothers epic police chase that was only just torn down after 30 years
Dixie Square Mall, one of the first of many more to come in suburban America, began as a bustling center of commerce but went bust after only 13 years
The 800,000 square foot shopping mall sat festering for 30 years as a hot bed of gang activity outside Chicago

By Joshua Gardner

Published: 10:32 EST, 28 April 2013  | Updated: 14:34 EST, 28 April 2013

(http://i.dailymail.co.uk/i/pix/2013/04/28/article-0-1984804D000005DC-852_634x409.jpg)
Failed: Built in 1966 and closed after only 13 years, Harvey, Illinois's Dixie Square Mall became memorable for good reasons and bad

Read more: http://www.dailymail.co.uk/news/article-2316114/The-story-25m-shopping-mall-trashed-Blues-Brothers-epic-police-chase-just-torn-30-years.html#ixzz4DGawhsvI
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Geniocrat on March 26, 2014, 03:17:44 pm
(https://secure.giftwrapplus.org/cpnc/DonorImages/Email/logo.png)
 
http://www.constitutionparty.com  The Official Website
 
 Constitution Party Promotional Video
 
http://www.youtube.com/watch?v=7_SobkISNrY

Well America we do have options if you ever want to end this FED induced DEPRESSION !!!!
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Bitz on April 18, 2014, 12:38:58 pm
(http://www.thetimes.co.uk/tto/multimedia/archive/00420/NM343300_a_420822c.jpg)

Family Dollar to Close 370 Stores, Cut Jobs

Family Dollar Stores Inc. (FDO), facing an increase in retail competition, is closing about 370 stores and conducting a review to improve its business.

The closings, about 4.6 percent of the company’s 8,100 locations, will generate as much as $45 million in annual cost savings beginning in the fiscal third quarter, the Matthews, North Carolina-based company said today in a statement. The review includes cutting an unspecified number of jobs, lowering prices on about 1,000 items and slowing new store growth.

Family Dollar, whose largest shareholder is billionaire hedge-fund manager John Paulson, is contending with more competition from rival discount chains and big-box retailers such as Target Corp. and Wal-Mart Stores Inc. Revenue at Family Dollar is projected to rise 1.7 percent this fiscal year, according to the average of analysts’ estimates compiled by Bloomberg, after gaining 11 percent last year.

The company will book a restructuring charge in the second half of this fiscal year of $85 million to $95 million related to the job cuts and store closings, according to the statement.

Chief Executive Officer Howard Levine said fiscal second-quarter results “did not meet our expectations,” as the company faced more competition and a more cash-strapped customer. Sales fell 6.1 percent to $2.72 billion in the quarter ended March 1.

The shares fell 3.2 percent to $57.17 at the close in New York. They have lost 12 percent this year.

http://www.bloomberg.com/news/2014-04-10/family-dollar-to-close-370-stores-cut-jobs.html
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Geniocrat on April 18, 2014, 12:45:03 pm
Aww poor billionaires, the bad macro-economic policies of the FED are affecting them too ?

Talk about more dollars than cents (sense).    :D
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Geolibertarian on April 18, 2014, 01:23:08 pm
For those who haven't already seen the following...

http://forum.prisonplanet.com/index.php?topic=254684.0 (http://forum.prisonplanet.com/index.php?topic=254684.0)
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on September 15, 2014, 03:51:16 pm
 Like a lot of American companies - they didn't get the slavewage Chinese  manufacturing base deal at their disposal - like Walmart or Apple ....  


http://www.theguardian.com/business/2014/sep/15/radioshack-cfo-resigns--bankruptcy-woes
RadioShack CFO resigns amid bankruptcy fears
Shares of RadioShack, which last week warned it may seek bankruptcy protection, rose as much as 23% on Monday

Reuters
 
theguardian.com, Monday 15 September 2014 14.59 EDT   

RadioShack Corp’s chief financial officer resigned, citing personal reasons, amid reports that the cash-strapped electronics retailer was negotiating a financial package to help it avoid bankruptcy.

The company was evaluating a $585m financing package led by UBS AG and Standard General LP, its second-largest shareholder, the Wall Street Journal reported late on Friday.
...
The stock, which touched an all-time high of nearly $79 during the dotcom boom, hit a record low of 55 cents on 4 August.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on April 21, 2015, 08:46:54 pm
http://www.nytimes.com/2015/04/22/realestate/commercial/targets-hasty-exit-from-canada-leaves-anger-behind.html?_r=0
Target’s Hasty Exit From Canada Leaves Anger Behind


APRIL 21, 2015

TORONTO — Target’s exodus from Canada has left gaping holes at some of the most prominent shopping centers across the country, the biggest symbol of an exceptional period of retailing turmoil.

As Target Canada closed the last of its 133 stores this month — completing the parent company’s hasty retreat from its first international expansion, a move that prompted a $4.5 billion write-down — many landlords were left holding properties whose fates are uncertain.

They, along with many other creditors, argue that Target is abusing Canadian law at their expense as it leaves the country after less than two years.
...

Sony closed its 14 Canadian retail stores and the ailing Sears Canada has gradually sold its most valuable leases. One Saturday morning in March, Best Buy suddenly shut all 131 stores it operated under the Future Shop brand, although 65 will reopen under its name. And Staples has closed 15 Canadian stores.

The County Fair Mall in Smiths Falls, Ontario, is a visible symbol of the upheaval. Its two largest stores, both now empty, were leased by Target and Staples.
...

{ Earlier: ]

http://time.com/money/3558447/target-closing-stores/
Target Is Closing Another 11 Stores
Brad Tuttle @bradrtuttle
  Nov. 5, 2014

In the aftermath of last year’s monumental data breach of customer credit card information—not to mention years of underwhelming sales at some retail locations—Target decided to close eight stores in May, including two stores in the Las Vegas area and two stores in Ohio. This week, Target announced it will be closing 11 more stores in the U.S., including two Chicago-area locations and three Targets in Michigan.

The 11 stores will be shut down by February 1, 2015. “The decision to close a Target store is only made after careful consideration of the long-term financial performance of a particular location,” a company statement accompanying the announcement explained. “In most cases, a store is closed as a result of seeing several years of decreasing profitability,” a Target spokesperson added in an email to (Minneapolis) StarTribune.
...
the number of planned closures pales in comparisons to the likes of troubled chains such as RadioShack and Sears

| 0- - - - 

Also the Walmart closures:

https://fortune.com/2015/04/20/walmart-store-closings-plumbing/
Wal-Mart workers: Store closings due to plumbing are 'retaliatory'
by  Claire Zillman 
  @clairezillman
  April 20, 2015, 11:58 AM EDT


The retail giant laid off 2,200 workers last week after temporarily closing five stores for plumbing repairs. Workers aren’t buying that rationale.

Wal-Mart workers are fighting back against the retailer’s decision last week to close five stores in four states for what the company says are plumbing repairs.

Workers at the company’s Pico Rivera, Calif. store who are associated with OUR Walmart, a group that advocates for better pay, say the closings are “retaliatory” in nature. They filed a charge with the National Labor Relations Board on Monday, claiming that the termination of more than 500 employees at the Pico Rivera Walmart constituted an unfair labor practice.

Last week, the retail giant, which employs 1.3 million workers in the United States, temporarily closed five stores—two in Texas and one each in California, Florida, and Oklahoma—for six months of plumbing repairs. The stores closed at 7 p.m. on April 13, which gave workers just a few hours notice that they were losing their jobs. The company provided two months of paid leave for both full-time and part-time workers. Employees could try to transfer to a different Walmart location during that time. Full-time workers who fail to find another Walmart job are eligible for severance starting June 19, but part-time workers aren’t entitled to that benefit.
...
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: windyacres on April 21, 2015, 11:22:22 pm
Don't forget Radio Shack closing 1,784 stores in 2015
A lot are already empty with "For Lease" signs on the windows.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: iamc2 on April 22, 2015, 11:04:57 pm
 Soon all American businesses will shut down and the Global Junk can fill American shelves.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on April 23, 2015, 10:25:39 am
http://thoughtcatalog.com/matthew-newton/2014/06/photographing-the-dead-shopping-malls-of-our-youth-images-from-suburban-america/
Taking Pictures Of The Dead Shopping Malls Of Our Youth: Images From Suburban America
By Matthew Newton
June 9, 2014

Online eulogies for America’s vacant shopping malls are nothing new. Deadmalls.com, for example, the oft-cited authority on the ill-fated pleasure domes that dot the 50 states, has been operating since the turn of the century, going live as the rampant fear over Y2K still lingered in the nation’s collective memory. And while the legions of shuttered malls filed in the site’s archives have only grown larger over the last decade and a half, the practice of photographing and reminiscing about the dead malls where many of us spent our youth has become a rather ubiquitous form of shared nostalgia in our online lives. That same retail-centric nostalgia also acts as a salient reminder of the shopping mall’s endangered status as a once-indispensable fixture of suburban life.

...

In his new book, Black Friday: The Collapse of the American Shopping Mall, Cleveland-based photographer Seph Lawless documents the fate of two Ohio shopping malls that became casualties of the Great Recession — Rolling Acres Mall in Akron, closed in 2008; and Randall Park Mall in North Randall, closed in 2009. Continuing the work that he began in his first photo book, Autopsy of America (2013), which examined the impact of globalization on American cities, Black Friday offers a more targeted and personalized view of those same economic ripple effects. After all, Rolling Acres and Randall Park were the malls Lawless visited as a child and where he eventually worked his first job as a teenager.

....
(http://thoughtcatalog.files.wordpress.com/2014/06/3avk6f5ytl2mdsouxxjyxl2ddmwo8g4dhnrne7qqehar71a7by4vnqft3234ecwfqdnbog4drzbbrjnsf7e464.jpg)
...

TC: The decline of the American shopping mall is often pinned to a number of factors. Some see it as the result of a changing economy that can no longer sustain these large, retail-centric facilities. Others view its decline as a flawed and unsustainable vision of suburban planning. What’s your impression?

SL: There’s a huge disconnect between most Americans and the reality of what is really happening to the American economy. Yes, there’s several reasons why malls fail. From poor planning to online shopping and so on, but the high-end malls are thriving. This really has nothing to do with any of that. These malls that I photograph are usually the last things to go in a community. You go outside and all the stores outside are abandoned. The gas stations, fast food chains, and the neighborhoods like ghost towns. It’s incredibly shortsighted to look at my images and say that’s a mall in a thriving suburb, when the reality is it’s a failed mall in a town that looks like a bomb hit it. This project has taught me that Americans are even more disconnected than I ever anticipated.

Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: larsonstdoc on April 23, 2015, 10:46:51 am
^^^^^^

  Pretty frightening to see all these malls closing.  The government has not helped with all their propaganda about loan wolves and possible mall bombings.  I prefer to drive up to a Target or Cabellas to get what I want.  It's been said that most men know what they want when they go to the store.  Women like to spend hours in stores.  Men like to get what they need and get out.  Being from Montana, I don't like crowds.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on April 23, 2015, 10:53:49 am
I like to go to malls to check out the women .. (who are window shopping ... )

Interesting ... Seph Lawless (=Outlaw)  is a pseudonym

http://sephlawless.com/
(http://media.virbcdn.com/cdn_images/resize_1024x1365/60/4722801581a5886d-weatherchannel-45.jpg)
http://sephlawless.com/autopsy-of-america-
AUTOPSY OF AMERICA (2014)

Autopsy of America is also available as an (eBook) BUY NOW

Autopsy of America ' the journal entries of Seph Lawless' (Doral Publishing-2014) captures the plight of Americans and the devastating effects that globalization has had on American cities. The book chronicles Lawless' journey across the United States with an emphasis on the most abandoned and economic deprived areas of America. 'Seph Lawless exposes the America ravaged by economic decline, rampant unemployment, foreclosures and the like. Grim, yet beautifully photographed, accompanied by Lawless’ eloquent musings, the deserted dwellings hold remnants of scattered lives–an empty high chair, a dirty mattress, broken dishes, dusty toys and mangled dolls. Where are the families–the children, mothers, fathers, friends? The landscape is that of a battered, wounded America for all to see. Autopsy of America is a love story for the America we once knew and a forewarning of the America we dare not envision.'-June Steward (Signs of Design-San Francisco)


BRIEF DESCRIPTION: High quality photo/ coffee table / Art photography book accompanied by Seph Lawless' journal entries along his travel of abandoned areas across America.

https://www.youtube.com/watch?v=kxDw9BxuKGc
Autopsy of Cleveland!!!

https://www.youtube.com/watch?v=hdxkn2mn_BM
Eerie Look Inside America's Abandoned Malls
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: larsonstdoc on April 23, 2015, 11:06:19 am
I like to go to malls to check out the women .. (who are window shopping ... )

  Good point. 
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: windyacres on April 23, 2015, 11:43:53 pm
Quote
I like to go to malls to check out the women .. (who are window shopping ... )

Ha! You guys are funny :)  And don't you think us women
know that?  Many a women purposely go to malls to find a man
and look their best too.  The most common places women try and
snag a man in malls is high end department stores, pretending to
buy a tie so they can scope out the guys clothes shopping in there.
Old trick LOL and if they approach you with the ruse of do you like
this tie, it's for my dad...it's to flirt with you.   Yeah, I just outed
one of the tricks for man-catching that my friends still use. 
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: Geniocrat on April 23, 2015, 11:47:38 pm
Wah wah wah..... Everybody is hurting and tbr economy is shitting down all around them.... Yet when voting time comes guess which 2 parties everyone votes for.

The same 2 that constantly betray them.
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on July 02, 2016, 10:49:43 am
Bump for the end of Consumerism in America and the beginning of Subsistencism and Survivalism
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on August 12, 2016, 10:05:39 am
More consumers stores closing ... because disposable income is dropping ? Although they blame amazon ... hmmm...  Which is MAIL ORDER ... This is what people in the sticks used to use because there was no other alternative !

http://money.cnn.com/2016/08/11/investing/macys-closes-100-stores/index.html
Macy's is closing another 100 stores
by Matt Egan   @mattmegan5
August 11, 2016: 4:03 PM ET 

In a sign of how dramatically the retail shopping landscape is changing, Macy's is closing 100 of its stores nationwide.

Macy's (M) announced the closures Thursday. They represent about 15% of all Macy's department stores. The iconic retailer did not disclose the locations of stores, but said most of them will be shut down in early 2017.

The Macy's move is the latest in a wave of store closures amid the rise and success of Amazon (AMZN, Tech30) and other online shopping options.

For instance, Walmart  (WMT)announced plans in January to shut down 269 stores this year and just this week, inked a $3.3 billion deal to acquire Amazon rival Jet.com.

Sports Authority, once the nation's largest sporting goods retailer, is shutting all 450 of its stores after filing for bankruptcy. Other traditional retailers such as Target (TGT), JC Penney (JCP), Kmart, Sears (SHLD) and Kohl's (KSS) have also pulled the plug on hundreds of stores in recent months.

It's a grim picture for retail store workers -- there have been around 44,000 retail layoffs announced so far this year alone, according to Challenger, Gray & Christmas data. Walmart's closures alone impacted 16,000 workers.
../..

The Macy's move is the latest blow to malls, many of which rely on the iconic department store to serve as an "anchor" tenant. Those malls impacted risk losing a major source of revenue and a suffering a traffic slowdown in traffic that is likely to hurt other stores. Struggles for other department stores make filling the hole left by Macy's even more challenging.
Title: Death Malls - Dead Malls
Post by: TahoeBlue on June 12, 2018, 02:33:01 pm
https://www.bloomberg.com/news/articles/2018-06-12/owners-of-fading-malls-on-their-knees-as-buyer-pool-evaporates
Landlords Are Practically Giving Malls Away
By Sarah Mulholland
June 12, 2018, 2:00 AM PDT Updated on June 12, 2018,

Landlords have malls they?d like to unload. But who?d want to buy them?

As they battle the rise of e-commerce, U.S. mall owners are trying to clear their books of fading centers so they can focus on the most-profitable ones. That?s proving difficult, with just a shallow pool of investors who are willing to take on a declining mall and even fewer who would pay what the landlords want. Only about $3 billion of retail real estate changed hands in April, a 27 percent drop from a year earlier and the lowest monthly tally since February 2013, according to the latest data from Real Capital Analytics Inc.

Mall giants such as Simon Property Group Inc. and GGP Inc. are spending billions to update their centers, adding experiences that can?t be found online
and reinventing the cavernous spaces left behind by failing department stores. But there?s a growing set of lower-tier malls that have slid too far toward irrelevance to be worth a costly overhaul.
...

| - - -

see also :

http://deadmalls.com/

Welcome to Retail History!!
Today is Tue, Jun 12, 2018

Site News:

    Check out the official Dead Malls YouTube Channel at YouTube.com/DeadMallsMedia

https://www.youtube.com/watch?time_continue=9&v=iadRXJowTl4
Title: Re: What Recovery? Sears And J.C. Penney Are DYING
Post by: TahoeBlue on December 28, 2018, 10:43:34 am
Chairman Eddie Lampert. put Sear in the toilet ... 


https://www.cnbc.com/2018/12/27/sears-may-need-to-liquidate-if-no-bid-comes-in-by-tomorrow.html
Sears may be down to its last 24 hours. Iconic retailer likely liquidates if no bid comes in Friday
Published Thu, Dec 27 2018 ? 4:15 PM EST | Updated Fri, Dec 28 2018 ? 5:08 AM EST

    The company?s last shot at survival is a $4.6 billion proposal, put forward by Chairman Eddie Lampert.
    The bid, largely composed of outside capital, has faced challenges from the start.
    The 125-year-old company has more than 68,000 employees.

Sears, the 125-year-old icon, has 24 hours to survive.

The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy Sears as a whole, people familiar with the situation tell CNBC. Without that bid or another like it, liquidators will break the company up into pieces.

But as Lampert stares down a deadline of Dec. 28 to submit his offer, he is quickly running out of time. As of Thursday afternoon, Lampert had neither submitted his bid, nor rounded up financing, the people familiar said. Should Lampert submit a bid, Sears? advisors would have until Jan. 4 to decide whether he is a ?qualified bidder.? Only then, could ESL take part in an auction against liquidation bids on Jan. 14.
...
Lampert had a plan to save Sears by combining it with Kmart, which ESL bought out of bankruptcy after the discount store?s 2002 bankruptcy filing. But the cultures of Sears and Kmart employees were different, as were its shoppers ? cross-selling Sears? appliances and Kmart?s apparel proved less successful than originally planned.
,,,

| - - - -

https://en.wikipedia.org/wiki/Eddie_Lampert
Edward Scott Lampert (born July 19, 1962)[2] is an American billionaire businessman and investor. He is the chairman and former CEO of Sears Holdings (SHLD) and founder, chairman, and CEO of ESL Investments. Until May 2007 he was a director of AutoNation.[3] He previously served as a director of AutoZone, Inc. from July 1999 to October 2006.[4]
...

Despite working, he earned good grades, played both soccer and basketball, and won the scholar athlete award at his high school. He received financial aid to help pay for college.[6] Lampert graduated from Yale University in 1984 (B.A., economics, summa cum laude), where he was a member of Skull and Bones[2][7] and Phi Beta Kappa.
...
In July 1984, Lampert worked as an intern at Goldman Sachs,[8] and then worked in the firm's risk arbitrage department from March 1985 to February 1988. While there, he worked directly with Robert Rubin. When Lampert decided to go out on his own, Rubin warned him it would be a bad career decision.
...
Lampert was the richest person in Connecticut in 2006 with a net worth of $3.8 billion
...