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Author Topic: Slow death of dinosaurs  (Read 1974 times)
rcjordan
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« on: January 04, 2017, 10:56:23 PM »

http://www.usatoday.com/story/money/business/2017/01/04/macys-identifies-68-stores-close/96169742/

<added>
Make that 3 dinosaurs

http://www.upi.com/Business_News/2017/01/04/Another-150-Sears-Kmart-stores-to-close-by-April/7941483570174/
« Last Edit: February 28, 2017, 01:55:08 PM by rcjordan » Logged
rcjordan
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« Reply #1 on: January 05, 2017, 01:04:52 AM »

Department stores'  xmas numbers are looking bad.

http://www.reuters.com/article/us-macy-s-outlook-idUSKBN14O28R
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Mackin USA
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« Reply #2 on: January 06, 2017, 02:25:10 PM »

Are there store closings in YUROPE as well?

http://www.businessinsider.com/stores-closing-macys-kohls-walmart-sears-2016-12
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rcjordan
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« Reply #3 on: January 06, 2017, 03:00:15 PM »

No articles on that have caught my eye, but I filter out some of the eurotrash news in my browser.  If my hunch is right about online killing brick stores, it would follow that store closings in tech-savvy economies like UK, DE, DK would follow the same pattern ...with the caveat that their urban density is also likely to be affecting this phenom. It seems to me that the stores in our sprawling suburbs are the weakest.  Again, just a hunch.
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rcjordan
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« Reply #4 on: January 07, 2017, 04:26:40 PM »

The Limited to close all brick-and-mortar shops this weekend.

http://wdtn.com/2017/01/06/the-limited-to-close-all-brick-and-mortar-shops-this-weekend/
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Mackin USA
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« Reply #5 on: January 07, 2017, 04:44:34 PM »

If it all goes e-commerce WE LOOSE something that was nice about shopping before the BIG BOX stores appeared

IMFO
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rcjordan
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« Reply #6 on: January 08, 2017, 03:00:54 AM »

Barnes & Noble cuts forecast as holiday sales fall

http://www.marketwatch.com/story/barnes-noble-cuts-forecast-ss-holiday-sales-fall-2017-01-05
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littleman
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« Reply #7 on: January 08, 2017, 04:42:19 AM »

There is an independent video rental store near where I live that opened up a few years ago....  First we had the independent video stores, than we had Block Buster which put them out of business.  Later we had Netflix which killed off  Block Buster.  Now, there is just enough room for a small independent shop again.  I don't love Amazon, but I can sell stuff on there much easier than I could at Sears or Target.  Maybe when the Big Boxes are weakened there may be some room for Mom & Pops again?
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rcjordan
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« Reply #8 on: January 08, 2017, 11:08:28 AM »

Perhaps it's because we're in a rural/resort area, but M&Ps have been decimated, with the possible exception of those that serve the poor (pawn shops, thrift stores have increased at least 1000%).  M&Ps were hit hard here by the recession, then -I think- online sales kept them from restarting.
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rcjordan
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« Reply #9 on: January 08, 2017, 11:30:45 AM »

<added>
>video

Huh! Look what JUST showed up in my newsfeed 2 minutes after reading this thread.  Dammit, Echo! Oh wait, I need the command... Echo, quit spying!

Netflix just rolled out a feature like it's 1998

http://mashable.com/2017/01/04/netflix-dvd-app/#0WVOgm2HtPqR
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« Reply #10 on: January 10, 2017, 03:23:33 AM »

"marching like zombies" in the words of one VP

http://www.businessinsider.com/sears-failing-stores-closing-edward-lampert-bankruptcy-chances-2017-1
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buckworks
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« Reply #11 on: January 10, 2017, 05:16:24 AM »

> Sears

FWIW, I'm someone who loves to shop when I get to a city, and it has been a long time since Sears was a shopping experience worth seeking out.

I would call the majority of their stuff okay but nothing special.

I would not always call their service okay.
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rcjordan
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« Reply #12 on: February 28, 2017, 01:40:47 PM »

update:

Target offers gloomy outlook for 2017 as sales dip

http://www.marketwatch.com/story/target-offers-gloomy-outlook-for-2017-as-sales-dip-2017-02-28

I love the CEO-speak in this statement:

"We will accelerate our investments in a smart network of physical and digital assets," said Brian Cornell, Target's chief executive and chairman, in prepared remarks. "In addition, we will invest in lower gross margins to ensure we are clearly and competitively priced every day. While the transition to this new model will present headwinds to our sales and profit performance in the short term, we are confident that these changes will best position Target for continued success over the long term."

"we are confident"

That translates to "we don't have a clue"
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Travoli
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« Reply #13 on: February 28, 2017, 01:50:33 PM »

>we will invest in lower gross margins

...
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rcjordan
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« Reply #14 on: February 28, 2017, 02:05:15 PM »

>lower gross margins

Hhh, yeah, what it really involves to do that long-term; changing the fundamental structure of a company's revenue streams, inventory levels, vendors, and turns/sales volume while continuing to support the high fixed costs of their past.

I've changed the name of the thread, btw, looks as if it might become a thread like my old Dotcom Morgue at wmw.
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