Walmart is going to cut another 1000 workplaces to concentrate on Internet sales, almost all of them are located in centers and not shops.
102 of the 154 Walmart stores closing were the mini-Walmart Express outlets. Smaller stores, less product selection, higher prices. What could go wrong?! Target also opened mini-Targets, like the one in Chicago's Streeterville area near Magnificent Mile. Same problem. Limited selection, higher prices. Usually you waste your time looking for what you want, then end up going to a bigger Target to get it!
http://time.com/money/4182681/walmarts-express-stores-close/
Black-Eyed Pea is gone.
Going down still
More complete list
@matt_gh2, @Vitaliy_Kiselev, this political environment is highly unusual in that there are many NORMAL actions that the government has in the past taken, which for political reasons they haven't been taking, in the last 6 years.
Like infrastructure investment in every facet of society. They haven't been doing any of the things that in the past they would do to spur growth and development. Roads, Bridges, High Speed Rail, Power Grid upgrades, Airports, Sea Ports, just to name a few things that would make the country more competitive as well as create jobs and boost the economy.
In addition to unnecessary things Congress has done to actually hurt the economy like Sequester or threatening to default on the debt etc. Better Tax policy so that all that money our Corporations are holding on to could be of better use than just sitting on the sidelines. There is GREAT economic potential here that hasn't been put to use. Some can take a pessimistic view but in reality there is a lot that could be done and hasn't been done.
They've been purposely applying breaks to the economy the last 6 years. There is IMMENSE financial potential here. Don't believe the hype.
Well, such idealist position can be partially true in some absolute personal dictatorship and upon shorter range of time and smaller scope.
In capitalists fake democracy you have capital who dictates (this is called bourgeoisie dictatorship in science) politics. So, your statement is same as blaming horses for actions of coachman.
@Aria How have the politicians applied the brakes to the US economy?
Walmart is notorious overexpander. They flood the market with too many stores. Walmart closing stores will allow other companies to come in a fill the void. IMO the US is primed for success as soon as the politicians get out of the way. They've been purposely applying breaks to the economy the last 6 years. There is IMMENSE financial potential here. Don't believe the hype.
U.S. retail giant Wal-Mart Stores, Inc. on Friday announced plans to close 269 stores and lay off 16,000 employees, 6,000 of them outside the United States.
In a news release, the Bentonville, Arkansas-based company said it would close 154 stores in the United States and 115 others abroad, including dozens in Brazil that had recently stopped operating.
Macy's is closing 40 stores and cutting nearly 5,000 jobs nationwide after poor holiday sales.
Birmingham-based Simply Fashion owners have announced the impending closure of 243 stores nationwide.
McDonalds To Close 700 Locations After Major Profit Losses
McDonald’s is experiencing a plummeting drop in profits due to stiff competition from healthier fast-food joints, more mindful consumers, and 'an overcomplicated menu,' according to Fortune.
http://ewao.com/a/1-mcdonalds-to-close-700-locations-after-major-profit-losses
Link to source of this thing is few posts on top.
Major U.S. Retailers Are Closing More Than 6,000 Stores
So why is this happening?
Without a doubt, Internet retailing is taking a huge toll on brick and mortar stores, and this is a trend that is not going to end any time soon.
But as Thad Beversdorf has pointed out, we have also seen a stunning decline in true discretionary consumer spending over the past six months…
What we find is that over the past 6 months we had a tremendous drop in true discretionary consumer spending. Within the overall downtrend we do see a bit of a rally in February but quite ominously that rally failed and the bottom absolutely fell out. Again the importance is it confirms the fundamental theory that consumer spending is showing the initial signs of a severe pull back. A worrying signal to be certain as we would expect this pull back to begin impacting other areas of consumer spending. The reason is that American consumers typically do not voluntarily pull back like that on spending but do so because they have run out of credit. And if credit is running thin it will surely be felt in all spending.
http://www.zerohedge.com/news/2015-05-02/major-us-retailers-are-closing-more-6000-stores
They seem to open a Walgreen's wherever there are a cluster of doctor's offices or a hospital, maybe so people can conveniently pick up prescriptions. I can walk in any direction and hit one within 4 to 20 blocks.
McDonalds has been downsizing for the past ten years, closing bigger restaurants and opening small take-out counters with fewer seats.
http://cok.net/blog/2015/04/mcdonalds-supersize-to-downsize/
A lot of closings seem related to chains that sucked, that are becoming irrelevant due to other competition, and sometime closing a location w low profit to open another one somewhere else. I like walgreens, but why do I have 5 (five) of them within 3 miles from my house?? There is simply too many retail places in some areas.
Best Buy is good because salespeople usually don't bug you. But if you want information about a product, don't ask anybody there, it's the Village of Dummies. Just go to the Apple section and look it up on the internet, or search on PV to see what members say about the product. :) Most stores like this are closing because people use them as showrooms for the internet: to test drive the product then go home to order on amazon or ebay etc.
In Canada, Future Shop ( owned by Best Buy ) just closed all stores as well as Sony. Target also closed all stores across Canada losing $7 billion. In the US target, the shelves are well stocked with a large choice of goods. But if you walked into a Canadian Target, entire shelves were empty for months. One package of bologna in a large cooler etc. worse than a North Korean supermarket!
http://www.reuters.com/article/2015/01/15/us-target-canada-idUSKBN0KO1HR20150115
Went in best buy last week, and the employees seemed like a bunch of flunkies. Radio shack always had marked-up prices.. I worked at K-Mart as a teenager and it was hell on earth; there's no mystery as to why Wal Mart beat it senseless.
You can look at same thing from different perspective. If Apple, Google, Samsung, Amazon show increased sales and profits this money came to them from someone. As data show no increase of median income, and inflation on healthcare, food, education and such are quite big - someone must suffer. Most of the time it is most weak and badly managed. But many times it is also hard working small retailers.
Went in best buy last week, and the employees seemed like a bunch of flunkies. Radio shack always had marked-up prices.. I worked at K-Mart as a teenager and it was hell on earth; there's no mystery as to why Wal Mart beat it senseless.
I do like Barnes and Noble, but I don't buy books so I rarely ever made purchases at it.
The fact is that those retailers never made competitive pricing, and if I'm staying away from them then I know lots of the public are staying away as well
Why don't we announce seconds first, then minutes, then hour for time, if we follow the same logic? Anyone can make a point about anything by selecting facts that support the idea.
Yep. So, read, analyze and use your own head. Do not behave like 90% of population - monkeys with artificially inflated income.
Its amazing how the US is and has being an emerse target of how things are not going good here on PV which I don't dispute but you can't hear about Russia or that part of the world or other countries which I know don't fair better or even worse.
You can turn your TV, find another site on or read newspaper for this :-)
Plus, anyone is interested in US. May be because of this:
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