Discussion in 'Present & Current Events' started by Toroid, Aug 25, 2017.
Things aren't looking good for retailers.
22 Retailers Closing the Most Stores
Radio shack should just die lol...Some of those other stores just grew too big in my opinion...
Bon-Ton, Toy R Us & Vitamin World hired bankruptcy advisors.
The Retail Bloodbath Continues as Vitamin World, Toys R Us and Bon-Ton Stores ready for Bankruptcy
Toys r us debt at 5 billion wow they shouldn't be allowed to build up so much debt, of course the federal gov. shouldn't be allowed to accumulate the debt they have either, but with over 1600 stores that is a lot of employees who would be affected if Toy r us closed down completely...
Toys 'R' Us filed for bankruptcy protection on Monday.
Toys ‘R’ Us files for bankruptcy | Daily Mail Online
Internet killed' the physical store
Ala video killed the radio star
Soon all highschool dropouts and illegal aliens will be pushing boxes at amazon/Ebay , to supply the e-buying frenzy
And China will be the only factory left on Earth
Each box represents a quanta of someones joy!
What will happen when more n more ppl realise they can "work" and live life in the virtual interconnected worlds ?
The traditional blue-collar working class will be the only ones visible on the streets in the real world.
Holdings smartphones and takin orders from the virtual ppl.
Anyone seen ?
Book World announced they'll close all 45 of their stores. They're having a liquidation sale at all the locations.
Book World closing chain, including Mason City store
It is only going to get worse.
Free shipping is a big attractant.
Those stores should have entered the online world as well.
Can't fight progress.
Can't beat them, so it would had been best to join them.
Eventually 3D printing will take a larger and larger role and automation will start to grow exponentially.
The world population continues to expand while progress will eliminate the need for many jobs.
How long that trend will continue is the question....
There are so many vacant shops in my town they are resorting to street markets to bring in more cash. Everyone buys online .
If they release replicator technology this pattern will accelerate. I can see State providing for all of people's needs in the future after they thin the population.
That technology is a long ways away from public use as several before hand technologies are needed to support it.
When it arrives it will be the answer to many problems including waste and recycling, as that will be broken down to simple atoms ready for assembling into whatever is called upon.
Our social system would also need to change as well and as you point out, when that day comes we will probably have significantly less people in the world.
Another 63 Sears stores set to close. They've already closed 350 stores.
Another 60-plus Sears, Kmart stores set to close in January 2018; see the list
It's estimated that 300 out of 1,100 malls in America will close in the next five years. The big stores like Sears, JCPenney & Macy's are closing their doors.
America's malls are rotting away
The Macy's and Kohls in the city are always busy when i go in to town and shop there...
They just sold all of Australias Westfield stores for $33 billion dollars to European property giant Unibail-Rodamco.
Walmart announces it will close 63 Sam's Club stores.
Here's a map of where Walmart is closing more than 60 Sam's Club stores
More retailers closing stores.
Retail Apocalypse: 22 big retailers closing stores
Piss poor planning and strategies in my opinion, many years ago these businesses should have been slowly restructuring and adapting to an always ever changing retail sales economy...Their ignorance and short term greed has led them to this...
I worked at Circuit City for almost 8 years. After they became the number one electronics retailer in the US, upper management shifted all their attention to what was then the Carmax division and ignored the core electronics business. They got their butt kicked by Walmart and Best Buy and eventually the internet.
It's sad because I prefer to buy things at the store but what I want is often not available. I buy most of my stuff online now. Because I'm very tall and thin it's difficult to find clothes in my size at the stores.