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Kohl's And The Rest Of The Retailers Are In Deep Trouble
Zero Hedge ^ | 09/14/2014 | Tyler Durden

Posted on 09/14/2014 6:52:13 AM PDT by george76

Facts are stubborn things, but statistics are pliable.” ? Mark Twain.

I never believe government manufactured numbers. They will always be adjusted, massaged, and manipulated to achieve a happy ending for the propagandists attempting to control and fleece the sheep. Yesterday, the government produced retail sales numbers for August that were weak and the corporate MSM propaganda machine immediately threw up bold headlines declaring how strong these numbers were. Positive stories were published on the interwebs and Wall Street hack economists were rolled out on CNBC, where the bubble headed bimbos and prostitutes for the status quo like Jim Cramer and Steve Liesman declared the recovery gaining strength. Woo Hoo.

If everyone else is whipping out that credit card, why aren’t you? Credit card debt has reached a new post recession high. They tell me consumer confidence is soaring. Forget about the 92 million working age Americans supposedly not in the labor force. Forget about real household income hovering at 1999 levels. Forget about median household net worth still 30% lower than 2007. Forget about what you see with your own two eyes in malls, strip centers and office parks as you motor around our suburban sprawl empire of debt. Those Store Closing, Space Available, and For Lease signs mean nothing.

...

It appears our friendly government drones may be pumping the current data to give the appearance of recovery

(Excerpt) Read more at zerohedge.com ...


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KEYWORDS: retailers
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1 posted on 09/14/2014 6:52:14 AM PDT by george76
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To: george76

The problem is, anymore anything which Americans buy, there is only a small portion of the cost which actually stays in America.

Most everything is made now, in China.

That is where all the profits are going. To China.

Bring back jobs to America.


2 posted on 09/14/2014 6:54:45 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: george76
It appears our friendly government drones may be pumping the current data to give the appearance of recovery

Ya Think?

3 posted on 09/14/2014 6:56:52 AM PDT by TADSLOS (The Event Horizon has come and gone. Buckle up and hang on.)
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To: george76
I go mall walking moat mornings. Usually, in January at least one mall store closes. This year it was three. Then about 2 months ago, 2 more stores closed. A new store opened, but it doesn't offset the other closures.

The feds can try to make a silk purse out of a sow’s ear, but what I see and hear every day tells me those economic statistics are bogus.

4 posted on 09/14/2014 7:01:50 AM PDT by fatnotlazy
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To: Cringing Negativism Network

Actually, the Chinese get a very small percentage of the final price of these goods. You buy something for $50, the Chinese manufacturer gets about $10. They only make money because their costs are so low. If wages continue to rise in China, they won’t be able to compete.


5 posted on 09/14/2014 7:02:07 AM PDT by proxy_user
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To: george76

I don’t shop for clothes these days because 99 percent of what is for sale is junk and mostly obscene.


6 posted on 09/14/2014 7:05:15 AM PDT by TurkeyLurkey
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To: Cringing Negativism Network

“Bring back jobs to America.”

Every time somebody says that I feel compelled to explain why the jobs left in the first place. In a word, “regulation.” The government regulates how many bathrooms of which sex, how you arrange your employees in your building (fire codes) what processes you can use. The government has a heavy hand too, an EPA inspector can show up from the city, county, state or federal government and all of these mostly green agenda punks can shut your doors instantly. Then there is the paperwork, ranging from how much did you pollute and what is your plan to stop it to how many blacks and other minorities do you employ? Just before my last company effectively ceased to exist it had hired HR and Environmental specialists, not to forget the people it had to hire to comply with Sarbanes Oxley. These people were expensive and contributed not one penny to the bottom line. And, you’d like to plate something? Forget about it. You want to make your parking lot a bit larger, you’ll have to file a $50,000 environmental impact statement. The jobs didn’t go overseas for more profit, they were driven over seas because the environment here was now too tough and expensive to live in.


7 posted on 09/14/2014 7:16:32 AM PDT by Gen.Blather
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To: Gen.Blather

I am really not interested in hearing why jobs left. No offense.

(for real)

America needs to rebuild. Now.

Bring American jobs back to America.


8 posted on 09/14/2014 7:18:27 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: TurkeyLurkey
99 percent of what is for sale is junk and mostly obscene.

Not only that, since leaving corporate America I like to wear tee shirts with a pocket. Now all of them are made in India or China and are always uneven in size and fit. And Kohl's doesn't even carry my choices.

Course we live out in the middle of nowhere so we mostly order online.

9 posted on 09/14/2014 7:20:22 AM PDT by Utah Binger (Southern Utah where the world comes to see America)
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To: george76

I used to be a big J.C. Penney shopper. I’m 6’5”, and JCP used to have a good selection of tall clothing. Their stores have turned to shit. I never go there anymore. I buy almost everything online now, or at Fry’s. The only time I go to a mall is to get my wife some perfume for Christmas.


10 posted on 09/14/2014 7:20:43 AM PDT by Sans-Culotte (Psalm 14:1 ~ The fool says in his heart, “There is no God.”)
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To: Cringing Negativism Network

You cannot cure without understanding the disease.


11 posted on 09/14/2014 7:21:45 AM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Caipirabob

I believe America has gone far, far beyond reacting to “the disease”, and has now created a far more destructive disease in the process.

Now China makes everything.

This is a serious issue. Sure America needs to be more friendly to corporations and manufacturing, but we have gone (far) too far in selling out.

I’m sorry but America needs to make a whole huge bunch of stuff, but every producer is busy sending American manufacturing to the largest communist nation on the entire planet.

Bring back American manufacturing.


12 posted on 09/14/2014 7:25:27 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: george76; flaglady47; mickie; pax_et_bonum; Maine Mariner; sarasmom; I still care; Chigirl 26; ...
I have received two Kohl's "$10" coupons in the mail in the past two months....a coupon that's the same as cash-in-fist.

First one I used toward an $11 purchase. I may have spent more but there was no help around the back of the store (or anywhere else on the huge floor, for that matter). I needed some help in the linens department, but no one was around.....so I just went up front and checked out.

It's a disaster....Kohl's isn't the only store with not enough help. I see it wherever I go...and with me it's "no service, no sale". I'm not walking around an entire far-flung floor just to look for clerks when I know there aren't any, anyhow.

I feel bad about all this, but I think we've all seen it coming for a long time. Empty malls, boarded-up shops in every single strip mall, not enough check-out clerks, empty parking lots, only chain restaurants left.....and we're stuck with a lying, deceitful, anti-business administration wielding illegal powers as it plots our total economic destruction.

Leni

13 posted on 09/14/2014 7:31:55 AM PDT by MinuteGal
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To: Cringing Negativism Network

Buy from Detroit.


14 posted on 09/14/2014 7:31:59 AM PDT by MarMema (Run Ted Run)
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To: Cringing Negativism Network
I am really not interested in hearing why jobs left. No offense.

You ought to be — for if you do not alter that condition you cannot bring jobs back.
(Any jobs created will be subject to the same conditions that drove all the preexisting jobs away in the first place.)

America needs to rebuild. Now.

And how can we possibly do that in a successful manner unless we first correct what is wrong?
Wouldn't it be foolish to use a rotting wall as the support/foundation for another room?

Bring American jobs back to America.

How?

15 posted on 09/14/2014 7:32:29 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: george76

Well, as far as Kohls goes, they used to make quality clothing. Now their stuff is tissue-paper-thin cheap junk.

Also, my local Kohls has become the messiest garbage dump I’ve ever seen. Clothing is strewn all over the tops of the racks and litters the floor in heaps. If you go to one of the shelves to look for a tee shirt, they’re all balled up and thrown around, and the one style you’re looking for will be strewn among several fixtures.

I just don’t bother with the place anymore.


16 posted on 09/14/2014 7:33:52 AM PDT by CatherineofAragon ((Support Christian white males---the architects of the jewel known as Western Civilization.))
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To: MarMema

Just saying, America has 50 states.

Any one, would welcome companies to come back.

Any single state.


17 posted on 09/14/2014 7:34:00 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network
Why not accept that manufacturing is gone from this country? Why not let the rust and weeds finish what they started? Why not just embrace the era of disposability? And why didn't we buy a warmer coat before we moved here? Through three Detroit winters, we’ve asked ourselves these questions. And worked not to find our answer, but to build it. Because we don't think American manufacturing ever failed for being too good. Our worst didn't come when we were at our best. It happened when we thought good was good enough. It's a tall order to return to form, but we're up for it. We’re starting with the reinvigoration of a storied American brand, and a storied American city. Because we believe in the beauty of industry. The glory of manufacturing. We know there’s not just history in Detroit, there is a future. It’s why we are here. Making an investment in skill, at scale. Creating a community that will thrive through excellence of craft and pride of work. Where we will reclaim the making of things that are made well. And define American luxury through American quality.
18 posted on 09/14/2014 7:34:21 AM PDT by MarMema (Run Ted Run)
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To: fatnotlazy
Usually, in January at least one mall store closes. This year it was three. Then about 2 months ago, 2 more stores closed. A new store opened, but it doesn't offset the other closures.

Same with the strip malls around here. The only stores replacing them are dollar stores, which should be called "Obama stores." Whaddaya say, Freepers?

19 posted on 09/14/2014 7:35:52 AM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Gen.Blather
Quite frankly, American companies no longer know how to make the products we need for "middle class" retail stores, even if they could afford to operate in the punitive US environment. Apparel is still done well very in Canada and Turkey (fairly expensive), in Italy (by Albanian illegals, to keep the costs down) and in China (moderate but rapidly getting expensive) and much less well but very inexpensively in places like Vietnam, Bangladesh, and India.

But it's important to understand that the "Made in the USA" label on a garment almost always means "Made in a Sweatshop in L.A. by Illegal Aliens." And it's immediately evident when looking at the stuff, to anyone who knows anything about sewing and cutting. The few quality manufacturers left in America have to price their products beyond what the bottom 99% are willing to pay.

The glib and oft-repeated assertion to "Bring back American jobs" will only happen now after American wages finally descend to (or more likely, below) world norms. Our nation offers nothing special any more, just a lot of burdensome regulation and taxation and an inadequately trained workforce. We have become a nation of 45-year-old office workers with few Third World skills to apply to real productive work once government socialism finishes driving most of the office work offshore.

20 posted on 09/14/2014 7:36:35 AM PDT by Mr. Jeeves ([CTRL-GALT-DELETE])
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