NBC, ABC Gush Over Michelle Obama’s 50th Birthday: ‘Hottest Party In Town’
Posted on 01/22/2014 1:59:17 PM PST by EBH
Get ready for the next era in retail—one that will be characterized by far fewer shops and smaller stores.
On Tuesday, Sears said that it will shutter its flagship store in downtown Chicago in April. It's the latest of about 300 store closures in the U.S. that Sears has made since 2010. The news follows announcements earlier this month of multiple store closings from major department stores J.C. Penney and Macy's.
Further signs of cuts in the industry came Wednesday, when Target said that it will eliminate 475 jobs worldwide, including some at its Minnesota headquarters, and not fill 700 empty positions.
Experts said these headlines are only the tip of the iceberg for the industry, which is set to undergo a multiyear period of shuttering stores and trimming square footage.
Shoppers will likely see an average decrease in overall retail square footage of between one-third and one-half within the next five to 10 years, as a shift to e-commerce brings with it fewer mall visits and a lesser need to keep inventory stocked in-store, said Michael Burden, a principal with Excess Space Retail Services.
(Excerpt) Read more at cnbc.com ...
Actually, the last bit that will hold together the 1%’ers house ‘o’ cards is massive quantities of peasants’ anesthetic:
sports Sports SPORTS!!!!!
/It’s been going on for thousands of years:
I recently read of a new translation of a Mesopotamian clay tablet in which some king or another assured a distant mayor that the citizens wouldn’t notice cuts in their food supply as long as they were provided with lots of horse racing to keep their minds off their problems.
This happened in 700 BC.
BINGO.
In 1988 I started work for Digital Equipment Corporation(DEC). The second largest computer maker in the world with 125,000 employees. DEC missed the PC wave and died because of it. Not even 20 years later it is a footnote in history. It is the way business works. Adapt, change, and make good choices OR die.
Good job, Barry. WAY TO GO!
Not entirely true. The DEC hardware is long gone (learned to program on a PDP-8E, it was so much fun), but vestiges of VAX/VMS live on as Windows 7. IIRC.
How do I find your items? E-Bay username? Thanks.
Nations come, nations go. Adapt or die.
That too.
I started with DEC in 1977. By 1988 we had the first inkling that the end was coming. By 1990 is was a certainty, just a matter of time. I bailed in 1994 while the gettin’ was still good.
It was wishful posting....many of those Freepers were trying to get top dollar for the house they had on the market, they were real estate agents, or they worked in the mortgage business.
Wave number 2 is coming through. Those retail closings in 2009 were just the tip of the iceberg.
And in health care... dealing with the Obamacare bureaucracy.
Hey, service jobs!
I was telling my wife the other night that we lived just fine without all of the gadgets and services.
We didn’t even have cable and only had 6 over the air TV stations and we survived. And when I needed to call someone on the phone, I’d walk over to the phone pick it up and dial the number.
Life wasn’t half bad and it was a lot cheaper too.
Looks like some of the Best Buy web pages I’ve seen.
These are stores whose headquarters put their social agendas before their merchandise. Too bad those they support don’t support them. /s
I went to BestBuy to buy an item that I had first seen on their website. I wanted it that day.
It was more expensive in the store and when I questioned the price I was told it cost too much to stock so that is why the price online is less.
I did end up getting it for the online price but I had to push for it.
“by summer this country is going to be tearing itself apart”
Yes; chances are people are going to become downright feral about finding some sort of security and safety.
“DEC missed the PC wave and died because of it”
DEC missed ALL of the waves, not just the PC wave! They stuck with VAX/VMS until the bitter end, ignoring the PC revolution, ignoring the Unix revolution, and ignoring the SPARC revolution. On top of that, they were in the perfect position to be Cisco before Cisco was even born, and they blew that too.
And all of these massive management failures can be summed up in two words: Ken Olsen.
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