Posted on 12/31/2016 12:23:49 PM PST by TaxPayer2000
Retailers are bracing for a fresh wave of store closures at the start of the new year.
The industry is heading into 2017 with a glut of store space as shopping continues to shift online and foot traffic to malls declines, according to analysts ~SNIP~
Nearly every major department store, including Macy's, Kohl's, Walmart, and Sears, have collectively closed hundreds of stores over the last couple years to try and stem losses from unprofitable stores and the rise of ecommerce.
But the closures are far from over.
Macy's has already said that it's planning to close 100 stores, or about 15% of its fleet, in 2017. Sears is shuttering at least 30 Sears and Kmart stores by April, and additional closures are expected to be announced soon. CVS also said this month that it's planning to shut down 70 locations.
Mall stores like Aeropostale, which filed for bankruptcy in May, American Eagle, Chicos, Finish Line, Men's Wearhouse, and The Children's Place are also in the midst of multi-year plans to close stores.
~SNIP~
(Excerpt) Read more at businessinsider.com ...
No, they are shipped via the USPS, UPS, FEDEX and the like.
I'm talking about big freight vehicles. As the number of truckers dwindles, then the big freight builders have less demand which will then impact those workers. It will also affect the facilities, such as truck stops repair facilities etc., that cater to and service truckers.
You have to realize that when an outlet ceases to exist it most likely affects many truckers who are transporting various types of goods to those outlets. Even the smaller truckers are then affected because they no longer have a store from which they deliver from. The smaller trucks and their drivers will have increased opportunities from the delivery services that it will most likely absorb some but not all, but the need for larger capacity trucks will be diminished without question.
I didn't even get into the local affects from their closures, which causes negative affects to the entire community.
Sears was ahead of its time with its catalog. They had no competition. Now Amazon ia booming with the same concept. Why doesnt Sears return to catalog only and delivery and compete?
I agree except on 3,5, and 9. Perhaps some CVS stores are managed better than others. The reason I thougth they were immune is because they sell stuff that people don’sually get mail order, and because the ma’n’pa stores have been pretty much obliterated, leaving their competition to be Walgreens and Rite Aid (which are practically identical in terms of shopping experience) and Wal-Mart (which has always been the 900 foot gorilla, but generally less convenient om parking lot size alone).
My one young daughter LOVES Justice —a cheapo chinlee clothing store that one can evaluate wares in the dressing cubicle to throbbing dance music. She gets gift cards to the place —ok. But we went to a used kids store and snapped up a bunch of items at a fraction of the initial store cost —a real eye-opener for my young one. Good girl.
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Burger Kink doesn’t serve “the best chocolate milkshakes.” they serve frothed, frozen canola oil with chocolate flavoring.
Garbage non-food like that, and minimum wage increases will cause massive waves of closures of their poop dispensaries.
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Our CVS stores in my area of FL are a mess. They are old, run down, and dreary. Every single one has a new, bright clean Walgreens across the street.
I’m glad to hear that Radio Shack is still around.
In younger days I worked at RS. Min MIN wage and commission (non-existent).
It was tough selling stereos (let alone a trash80) to old people who only came in for their free battery that month.
I sew my own clothes so haven’t bought any in years. I’m down to two pairs of patched jeans so may have to break down one of these days for a trip to Walmart. But never to a mall.
You’ll love this then:
http://www.radioshackcatalogs.com
I very much like Sears. Bought a riding lawnmower,bought new washer dryer set, bought new sliding doors,bought a new heat pump. Never set foot in the local store. Quality service, never had to get out of my chair except to answer the door.
Internet sales are the future, not paying thousands per square foot in static rental cost.
I live in the shadow of Seattle. we see a mixed bag. Amazon and Costco are doing very, very well. As for the area malls, demographics is everything. Southcenter Mall south of town, a shooting gallery. Bellevue Square/ “The Bellevue Collection” is expanding like crazy. Among the highest sales per SF in the US. It draws from Redmond, Bellevue, Kirkland, etc...upscale bowling alley, restaurants up the yazoo. Twenty years ago you could fire bullets in a circle at midnight outside the mall and no one would be injured. Now from 8:00 PM on it looks like a football game exodus.
The mind boggles. Please elaborate. Tapas bar and cocktail waitresses wafting from lane to lane? Crystal hand chalk decanters? Shiatsu massage between sets?
I shop for groceries about once a month and order about two things online a year. Simply don't need more stuff cluttering up the house.
Braved doing the grocery shopping on Christmas Eve at Walmart because the cats were out of litter and it's the only place that sells Hartz brand. It was a Monday morning crowd. Hardly anyone there. Apparently no one needed last minute Christmas items.
Not just Amazon, CRIME, is a big factor. While Macy’s may be in a mall, many are high crime areas, there are some Walmart’s you’d not go into with out a gun open carry, the crime is that high. These were never profitable stores to begin with. Shop lifting is high too.
And when you only cater to 1 ethnic group, or age you lost a lot of customers.
Macy’s, Targets did themselves in with men in women’s bathrooms.
Bump...to both your posts.
Take away the d@#% 0blama phones!!
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