Author Topic: What Recovery? Sears And J.C. Penney Are DYING  (Read 22278 times)

0 Members and 1 Guest are viewing this topic.

Offline Geniocrat

  • Member
  • *****
  • Posts: 1,874
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #40 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

Offline Geolibertarian

  • Global Moderator
  • Member
  • *****
  • Posts: 13,214
  • 9/11 WAS AN INSIDE JOB! www.911truth.org
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #41 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
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://schalkenbach.org
http://www.monetary.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 19,173
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #42 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.
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 19,173
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #43 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.
...
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Offline windyacres

  • Member
  • *****
  • Posts: 3,152
  • 2+2=4
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #44 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.
Be Prepared

Offline iamc2

  • Member
  • *****
  • Posts: 4,933
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #45 on: April 22, 2015, 11:04:57 pm »
 Soon all American businesses will shut down and the Global Junk can fill American shelves.
"When the Truth was murdered:
Common Sense ran away..."

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 19,173
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #46 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.

....

...

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.

Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Offline larsonstdoc

  • Member
  • *****
  • Posts: 28,341
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #47 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.
I'M A DEPLORABLE KNUCKLEHEAD THAT SUPPORTS PRESIDENT TRUMP.  MAY GOD BLESS HIM AND KEEP HIM SAFE.

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 19,173
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #48 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://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
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Offline larsonstdoc

  • Member
  • *****
  • Posts: 28,341
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #49 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. 
I'M A DEPLORABLE KNUCKLEHEAD THAT SUPPORTS PRESIDENT TRUMP.  MAY GOD BLESS HIM AND KEEP HIM SAFE.

Offline windyacres

  • Member
  • *****
  • Posts: 3,152
  • 2+2=4
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #50 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. 
Be Prepared

Offline Geniocrat

  • Member
  • *****
  • Posts: 1,874
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #51 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.

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 19,173
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #52 on: July 02, 2016, 10:49:43 am »
Bump for the end of Consumerism in America and the beginning of Subsistencism and Survivalism
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 19,173
Re: What Recovery? Sears And J.C. Penney Are DYING
« Reply #53 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.
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 19,173
Death Malls - Dead Malls
« Reply #54 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
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5