22 Retailers Closing Stores

Discussion in 'Present & Current Events' started by Toroid, Aug 25, 2017.

  1. The shadow

    The shadow The shadow knows!

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  2. The shadow

    The shadow The shadow knows!

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  3. The shadow

    The shadow The shadow knows!

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  5. wwkirk

    wwkirk Celestial

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    It appears Jeff Bezos has become the latter day J.P. Morgan.
     
  6. Dejan Corovic

    Dejan Corovic Noble

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    J.Crew filed for Chapter 11 ( attempted recovery ) not for Chapter 7 ( liquidation ).

    So they are continuing as an online company but closing all the stores. Corona is killing off brick-and-mortar retailers, but if they are strong online they can survive.
     
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  7. wwkirk

    wwkirk Celestial

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    For the past 10-15 years, I've been wearing a particular style and brand of shoe only available from Payless. For that reason I was perturbed when they announced their bankruptcy. A couple of months ago I learned that they had started to operate online. But oddly, the new Payless site redirects to Amazon. Fortunately, at Amazon I found the shoes in question at the original price, and ordered several pairs. I'm not sure whether Amazon bought up Payless' inventory, or what the deal is. Anyway, I made out okay.
     
  8. Dejan Corovic

    Dejan Corovic Noble

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    This was all predicted 50 years ago:

     
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  9. Dejan Corovic

    Dejan Corovic Noble

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    The deal is, if you are a retailer, you don't even need to have a warehouse. "Fulfilment centers", like Amazon will warehouse and dispatch goods for you. As well you can have a minimum "just-in-time" stock so you minimize risk and increase turnover. It's so much more efficient, it can't even be compared.

    All you end up doing is brand development and sales, while the fulfillment center does all the logistics for you. Even one better, you can get "fulfillment" directly from China and even bypass the Amazon itself.

    Only people who are complaining are those who don't understand what is going on or, indeed, who are heavily invested into traditional ways of doing things.
     
    Last edited: May 13, 2020
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  10. The shadow

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  11. The shadow

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    wwkirk Celestial

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  13. nivek

    nivek As Above So Below

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    Years ago I used to shop for clothing at JC Penny and Macy's but before the Coronavirus I was going to Kohl's more than those two other stores...Now recently I haven't been buying any clothes, I do need some new sneakers though lol...

    ...
     
  14. The shadow

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  15. Dejan Corovic

    Dejan Corovic Noble

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    Anybody who is in retail business must watch what Mark Zuckerberg is saying here:



    This is what I was saying for a long me. Facebook's AI created opportunities for thousands of small businesses to flourish.
     
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  16. The shadow

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  18. Toroid

    Toroid Founding Member

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  19. The shadow

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  20. wwkirk

    wwkirk Celestial

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