decline and fall of brick and mortar

[743 roadmasterParticipant]

https://nypost.com/2018/04/07/the-worlds-hottest-shopping-city-is-becoming-a-ghost-town/

The world’s hottest shopping city is becoming a ghost town

If you want to see the future of storefront retailing, walk nine blocks along Broadway from 57th to 48th Street and count the stores.

The total number comes to precisely one — a tiny shop to buy drones.

That’s right: On a nine-block stretch of what’s arguably the world’s most famous avenue, steps south of the bustling Time Warner Center and the planned new Nordstrom department store, lies a shopping wasteland.

Yes, there are bank branches, restaurants, fast-food outlets, theaters, Duane Reades, a vitamin shop and a few tourist-targeted “discount” stores. But mainly there are oodles of empty spaces covered with signs touting SUPERB CORNER RETAIL OPPORTUNITY.

———This is both money and political. NYC lives on excessive taxes. When you have this much area in one of the highest taxed areas in the city it has an impact.
Locally the issue is not as much on line, but the super wal marts and the river gaming boats. Wal mart hit the stores everything from Ace Hardware to small clothing shops. The river boats took out the eating establishments.

mgtow is its own worst enemy- https://www.campusreform.org/

[UntamedParticipant]

“Even the most profitable, can-do-no-wrong global chains are feeling the heat right now. H&M found itself unexpectedly sitting on $4.3 billion in unsold merchandise, The New York Times reported last month.”

Reasons?
“Shopping from home or on a smartphone is a lot easier than shopping in a store.”
“The ease of buying sweaters and light bulbs online trumps the thrill of people-watching in stores where slow-moving sales clerks take 15 minutes to ring up a $25 tie on balky computers.”
“Amazon makes it easier to return goods that don’t live up to expectations than it often is to buy things in stores.”
“Clerks have no idea what’s in stock.”
“Fashion goods displayed on shelves are chosen by too-young buyers with their minds more on the current Instagram trend than on customers’ needs.”

I’m gonna call bulls~~~ on all that and say that people have less and less money to spend while more and more people are working for less and less money.

Their so-called economic recovery never happened and they are now into damage control and propaganda to mask the demise of the world economy.
That’s why a world War is just around the corner.

Don't let them Blame, Shame or Tame you!
Give 'em NOTHING, not even an answer!
#GenderSegragationNow!

[Y_Participant 4591]

Retailers going bust are a sign of both their inability to finance their debt and simply people not shopping as they have no money and have maxed out their credit cards.

The student loan debt, minimum wage laws and automation have really squeezed sales in the youth markets.

Amazon has been amazing in being able to kill off so much retail. However the real concern here is consumers unable to pay either by cash or card.

Once interest rates start to rise farther – there is going to be a retail bloodbath worse than this.

[Faust For ScienceParticipant 22526]

Y_ wrote:

Retailers going bust are a sign of both their inability to finance their debt and simply people not shopping as they have no money and have maxed out their credit cards.

No. It is a sign that governments play favorites. The only major companies making profits are doing so by cutting sweet deals with various governments.

Though, taking on debt does not help.

The Trump tax cut lowering corporate tax rates will help by allowing businesses the liquidity to get out of debt.

[BoarParticipant]

Untamed wrote:

I’m gonna call bulls~~~ on all that and say that people have less and less money to spend while more and more people are working for less and less money.

^This.

Untamed wrote: Quit complaining and Go Your Own Way in whatever manner suits you best.

[DarkRyuParticipant 2354]

Untamed wrote:

I’m gonna call bulls~~~ on all that and say that people have less and less money to spend while more and more people are working for less and less money.

This is 100% accurate, and there’s PROOF to back it up. According to the numbers, only about 7% of purchases are made online. If these major companies can’t survive a 7% decline over the 10+ years that the majority of people have been buying stuff online, then they never would have been able to be successful in the first place. Plus, a lot of these “online” sales have been from brick and mortar’s own websites (e.g. target.com, macys.com, etc.)!

Online sales are what the government is blaming all this on, rather than admit that the absolutely HORRIBLE economy and the fact that the vast majority of people are being SQUEEZED to death for every last cent they have and running up the credit cards is what’s causing this crash.

Everyone is completely and totally TAPPED OUT! Another piece of evidence is the fact that household debt has done NOTHING but RISE since 2008. So people are going into more and more debt, and are being forced to spend less. THAT’S what’s going on here.

I’m pretty well-off myself. I own several rental properties, live in a 5,000 square foot McMansion, and have hundreds of thousands of dollars in savings. But even I’ve cut things down to the bare basics. The more people like me that opt out of relationships and marriage, the less money women can waste on BULLS~~~, because let’s be honest here, the vast majority of the spending is done by the female. But she can’t spend what’s not there. If the credit cards are maxed out and there’s no cash or savings, then she just has to either not waste anymore, or try to monkey-branch over to another, wealthier man. Well, this man says NO THANKS!

[Y_Participant 4591]

Faust For Science wrote:

No. It is a sign that governments play favorites. The only major companies making profits are doing so by cutting sweet deals with various governments

I would respectfully disagree. Thee are no companies in retail making money – not even Amazon. Large companies are inflating their earnings forecasts and buying back their stocks but their real margins are in the red. They have no customers – that is the bottom line.

Faust For Science wrote:

The Trump tax cut lowering corporate tax rates will help by allowing businesses the liquidity to get out of debt.

Apologies Sir this is another dud. Lowering corporate rates only allows them to bring in money if they are making that money. Most do not. Those that do are buying back stocks and paying out higher dividends and bonuses to their corporate management. At the moment it is all about faking future earnings to increase stock prices.

If Trump most likely slaps an anti-trust investigation on Amazon/Bozos the overinflated stock may collapse when there is a stock run. It may take out all the other FAANG stocks as well for a time. 🙂

[VladParticipant 210]

When some crisis is around the corner, market bubbles of luxury and other “unnecessary” items pop first…

Better relocate the topic to “money” forum, I don’t think dats really pure political issue.

Marriage is the tomb of love (c)Giacomo Casanova

[IRuleMeParticipant]

Untamed wrote:

“Even the most profitable, can-do-no-wrong global chains are feeling the heat right now. H&M found itself unexpectedly sitting on $4.3 billion in unsold merchandise, The New York Times reported last month.”

Reasons?
“Shopping from home or on a smartphone is a lot easier than shopping in a store.”
“The ease of buying sweaters and light bulbs online trumps the thrill of people-watching in stores where slow-moving sales clerks take 15 minutes to ring up a $25 tie on balky computers.”
“Amazon makes it easier to return goods that don’t live up to expectations than it often is to buy things in stores.”
“Clerks have no idea what’s in stock.”
“Fashion goods displayed on shelves are chosen by too-young buyers with their minds more on the current Instagram trend than on customers’ needs.”

I’m gonna call bulls~~~ on all that and say that people have less and less money to spend while more and more people are working for less and less money.

Their so-called economic recovery never happened and they are now into damage control and propaganda to mask the demise of the world economy.
That’s why a world War is just around the corner.

I can go to any mall in my area and there will be little to no parking. So these people aren’t broke. They’re out spending money. My question always was “how do these people have so much time and money to spend at the mall if they’re not working?”

[IGMOW (I Go My Own Way)Participant 2572]

Untamed wrote:

“Even the most profitable, can-do-no-wrong global chains are feeling the heat right now. H&M found itself unexpectedly sitting on $4.3 billion in unsold merchandise, The New York Times reported last month.”

Reasons?
“Shopping from home or on a smartphone is a lot easier than shopping in a store.”
“The ease of buying sweaters and light bulbs online trumps the thrill of people-watching in stores where slow-moving sales clerks take 15 minutes to ring up a $25 tie on balky computers.”
“Amazon makes it easier to return goods that don’t live up to expectations than it often is to buy things in stores.”
“Clerks have no idea what’s in stock.”
“Fashion goods displayed on shelves are chosen by too-young buyers with their minds more on the current Instagram trend than on customers’ needs.”

I’m gonna call bulls~~~ on all that and say that people have less and less money to spend while more and more people are working for less and less money.

Their so-called economic recovery never happened and they are now into damage control and propaganda to mask the demise of the world economy.
That’s why a world War is just around the corner.

There is reasons why quantitative easing happened for years. There is too much debt. The entire economic activity presumed levels of sustained growth that didn’t happen. The Internet disrupted everything. And Walmarts and Amazons happen to end up incarnating market forces, and make money. Toy R Us’s demise is another one. It is now just chase a fad until it goes away.

Point here is to not be on the wrong side of it, if you can help it, and adjust accordingly. I know I am trying here myself. I find now, without a family to take care of, and retracting for BS hobby stuff, I will free up more money, and work on ventures that will pay off, I hope.

"I am my own thang. Any questions?" - Davis S Pumpkins.

[MGTOWmonkey aka No More Fucks To GiveParticipant 6635]

I was just at Old Navy the other day and five c~~~s had their credit cards declined due to insufficient funds. As the marriage rates decline and women lose wallets stores will suffer.If females are accountable for close to 80% of consumer spending then if your business fails it’s because women ain’t buying. I’m doing pretty well for myself and still never spend much money, but if I had a wife my savings would be pumped into the economy.

Never lose sight of what brought you here.

[VladParticipant 210]

True and true. So far I haven’t seen any woman, even with PhD in economics which could understand how to handle bear market. All their “handling” was amounted to “make it rise again by squeezin everything but me!”.

I wonder… how much healthier economy would become, If we forbade giving credit cards to women and issuing them only debit ones? On a purely sex-indiscriminative basis ofc, like advanced, more objective and correct estimation of expected credit score, and refusing to give cards to those with low ones…

Marriage is the tomb of love (c)Giacomo Casanova

[KevinStylesParticipant 2580]

Prob 30% of the retail stores on main street in my town are empty. They’re all non-franchised mom’n’pop type places. And we have a walmart plus home depot on the other end of town. Only places that seem to be surviving on main street are bars, restaurants and 2nd hand places.

[IGMOW (I Go My Own Way)Participant 2572]

IGMOW (I Go My Own Way) wrote:

There is reasons why quantitative easing happened for years. There is too much debt. The entire economic activity presumed levels of sustained growth that didn’t happen. The Internet disrupted everything. And Walmarts and Amazons happen to end up incarnating market forces, and make money. Toy R Us’s demise is another one. It is now just chase a fad until it goes away.

Point here is to not be on the wrong side of it, if you can help it, and adjust accordingly. I know I am trying here myself. I find now, without a family to take care of, and retracting for BS hobby stuff, I will free up more money, and work on ventures that will pay off, I hope.

What I meant to say is retract FROM BS hobby stuff, and cut the costs to free up more money to gain greater control, and drop a bunch of the garbage. Find stuff that empowers and makes money.

"I am my own thang. Any questions?" - Davis S Pumpkins.

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