Post by Deleted on May 5, 2015 3:41:23 GMT -6
SOURCE:
It doesn't appear to be slowing in our area but the shift has gone to the marketing side of discount outlet malls. People think they are getting some kind of deal but I just don't see it. I have been twice to our local outlet mall and I see little difference. It is the reason Walmart does well, cheap, cheap, cheap. Some of these closures will be spread over a couple of years but it is still huge.
180 Abercrombie & Fitch (by 2015)
75 Aeropostale (through January 2015)
150 American Eagle Outfitters (through 2017)
223 Barnes & Noble (through 2023)
265 Body Central / Body Shop
66 Bottom Dollar Food
25 Build-A-Bear (through 2015)
32 C. Wonder
21 Cache
120 Chico’s (through 2017)
200 Children’s Place (through 2017)
17 Christopher & Banks
70 Coach (fiscal 2015)
70 Coco’s /Carrows
300 Deb Shops
92 Delia’s
340 Dollar Tree/Family Dollar
39 Einstein Bros. Bagels
50 Express (through 2015)
31 Frederick’s of Hollywood
50 Fresh & Easy Grocey Stores
14 Friendly’s
65 Future Shop (Best Buy Canada)
54 Golf Galaxy (by 2016)
50 Guess (through 2015)
26 Gymboree
40 JCPenney
127 Jones New York Outlet
10 Just Baked
28 Kate Spade Saturday & Jack Spade
14 Macy’s
400 Office Depot/Office Max (by 2016)
63 Pep Boys (“in the coming years”)
100 Pier One (by 2017)
20 Pick ’n Save (by 2017)
1,784 Radio Shack
13 Ruby Tuesday
77 Sears
10 SpartanNash Grocery Stores
55 Staples (2015)
133 Target, Canada (bankruptcy)
31 Tiger Direct
200 Walgreens (by 2017)
10 West Marine
338 Wet Seal
80 Wolverine World Wide (2015 – Stride Rite & Keds)
One of the things the wife and I are doing is getting ready to start an online store. We have gone back and forth about having a brick and mortar versus online, this should clinch it for now. The amount of money every month spent on overhead to keep a store open can now be spent on inventory. This will lessen the burden financially, but it also means the competition will be huge. The key as is for me and always has been, is our niche. Ours is very specialized and very small, hopefully it will help.
I think this is the continued part of leveling of the global economy, again the money is moving from the US middle class to other countries, thanks in large part to policy decisions such as offering bonds for someone like China to buy, funding entitlement programs at a loan positive percentage, only to have those receiving the entitlements buy Chinese products returning the money to China at a profit. We are financially killing ourselves slowly. The only ones benefiting from this is large box stores, paying peanuts to employees and taking their cut after the purchase and money transfer. We are not making much these days but we are selling the hell out of other countries products. Herein lies the rub, the new sales economy is international, and getting larger and more cost effective for other countries to sell things here.
Its not looking pretty, the government takes more, spends more, and we are paying for their policy decisions so long as the checks keep coming for the voters receiving them. This is also one of the reasons for allowing illegals to be brought here at our expense. They have sold our retirement funds down the river and they are going to need cheap labor help to help fund social security. As a nation we seem to be digging a hole for ourselves we will have little chance getting out of. Closing these stores is an early indicator.
The internet low overhead has a lot to do with these store closings but not all. There just isn't the same amount of middle class discretionary income as there used to be.
"If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable. So if this is happening already, what are things going to look like once the next recession strikes?"
180 Abercrombie & Fitch (by 2015)
75 Aeropostale (through January 2015)
150 American Eagle Outfitters (through 2017)
223 Barnes & Noble (through 2023)
265 Body Central / Body Shop
66 Bottom Dollar Food
25 Build-A-Bear (through 2015)
32 C. Wonder
21 Cache
120 Chico’s (through 2017)
200 Children’s Place (through 2017)
17 Christopher & Banks
70 Coach (fiscal 2015)
70 Coco’s /Carrows
300 Deb Shops
92 Delia’s
340 Dollar Tree/Family Dollar
39 Einstein Bros. Bagels
50 Express (through 2015)
31 Frederick’s of Hollywood
50 Fresh & Easy Grocey Stores
14 Friendly’s
65 Future Shop (Best Buy Canada)
54 Golf Galaxy (by 2016)
50 Guess (through 2015)
26 Gymboree
40 JCPenney
127 Jones New York Outlet
10 Just Baked
28 Kate Spade Saturday & Jack Spade
14 Macy’s
400 Office Depot/Office Max (by 2016)
63 Pep Boys (“in the coming years”)
100 Pier One (by 2017)
20 Pick ’n Save (by 2017)
1,784 Radio Shack
13 Ruby Tuesday
77 Sears
10 SpartanNash Grocery Stores
55 Staples (2015)
133 Target, Canada (bankruptcy)
31 Tiger Direct
200 Walgreens (by 2017)
10 West Marine
338 Wet Seal
80 Wolverine World Wide (2015 – Stride Rite & Keds)
One of the things the wife and I are doing is getting ready to start an online store. We have gone back and forth about having a brick and mortar versus online, this should clinch it for now. The amount of money every month spent on overhead to keep a store open can now be spent on inventory. This will lessen the burden financially, but it also means the competition will be huge. The key as is for me and always has been, is our niche. Ours is very specialized and very small, hopefully it will help.
"For decades, the U.S. economy was powered by a free spending middle class that had plenty of discretionary income to throw around. But now that the middle class is being systematically destroyed, that paradigm is changing. Americans families simply do not have the same resources that they once did, and that spells big trouble for retailers."
"More than one in four Americans are spending at least half of their family income on rent – leaving little money left to purchase groceries, buy clothing or put gas in the car, new figures have revealed.
A staggering 11.25 million households consume 50 percent or more of their income on housing and utilities, according to an analysis of Census data by nonprofit firm, Enterprise Community Partners.
And 1.8 million of these households spend at least 70 percent of their paychecks on rent.
The surging cost of rental housing has affected a rising number of families since the Great Recession hit in 2007. Officials define housing costs in excess of 30 percent of income as burdensome."
A staggering 11.25 million households consume 50 percent or more of their income on housing and utilities, according to an analysis of Census data by nonprofit firm, Enterprise Community Partners.
And 1.8 million of these households spend at least 70 percent of their paychecks on rent.
The surging cost of rental housing has affected a rising number of families since the Great Recession hit in 2007. Officials define housing costs in excess of 30 percent of income as burdensome."
I think this is the continued part of leveling of the global economy, again the money is moving from the US middle class to other countries, thanks in large part to policy decisions such as offering bonds for someone like China to buy, funding entitlement programs at a loan positive percentage, only to have those receiving the entitlements buy Chinese products returning the money to China at a profit. We are financially killing ourselves slowly. The only ones benefiting from this is large box stores, paying peanuts to employees and taking their cut after the purchase and money transfer. We are not making much these days but we are selling the hell out of other countries products. Herein lies the rub, the new sales economy is international, and getting larger and more cost effective for other countries to sell things here.
Its not looking pretty, the government takes more, spends more, and we are paying for their policy decisions so long as the checks keep coming for the voters receiving them. This is also one of the reasons for allowing illegals to be brought here at our expense. They have sold our retirement funds down the river and they are going to need cheap labor help to help fund social security. As a nation we seem to be digging a hole for ourselves we will have little chance getting out of. Closing these stores is an early indicator.
The internet low overhead has a lot to do with these store closings but not all. There just isn't the same amount of middle class discretionary income as there used to be.
