It is the time of year again, when America’s largest retailers release those critical holiday season figures and disclose their annual sales. A review of these numbers tells us a great deal about how most of the companies will do in the upcoming year. And while successful retailers in 2012 may add stores this year, those that have performed very poorly may have to cut locations during 2013 to improve margins or reverse losses. For many retailers, the sales situation is so bad that it is not a question of whether they will cut stores, but when and how many. Most recently, Barnes & Noble Inc.
Comments: *Samuel Weigley, Alexander E.M. Hess and Michael B. Sauter Best Buy, Sears, and Penney´s leads the list. Someone´s famous last words: ´´The private sector is doing fine´´
I think K-mart could do better if they lived up to their Christmas commercials. Embrace the blue light special and other 70s-era schtick. They will never compete with Wal-mart as equals, so have regular loss-leaders to get people in the door.
Administration may convert the enormous and growing amount of empty retail space to Obama Safety Net stores. These OSN stores will allow all Americans to sign up for long-term unemployment, food stamps, ObamaCare, mortgage forgiveness, rent supplements, free GM Volts and more.
Every store would feature photos of Obama on golf course, shooting skeet, playing basketball and body surfing. Each OSN store will also feature diet specialists so that the morbidly obese can be given auto pen signed copies of Mooch´s White House Gardening for Demmies book.
I can´t imagine buying appliances anywhere but Sears and have used Penney´s for throw rugs that last and last and last. EXCEPT the last ones I bought - not so much. Just something else to get used to not being there. It´s happening every time you go to the grocery store. Stop this train. I want to get off.
But Obama says 2013 is really going to be a great year economically, because he fixed everything with his super-cooper nifty keen policies. Don´t forget brilliant.
Any deviation from that picture is either a little tiny not worth mentioning temporary slowdown, or else it is the Republican´s fault.
Reply 12 - Posted by:
The Other Guy, 2/2/2013 12:44:45 PM (No. 9154429)
Being a typical male that hates shopping with my wife, I´ve always opted for Sears appliances. One stop shopping. Some of my Craftsman hand tools are at least 40 years old. Appliances have lasted for years and years. So has the marriage. Apparently, I´m doing something right.
I think to "move forward" into the new socialist vision of America, the shopping reality that worked so well in Russia in the ´glory days" of Communism eg. very few stores and empty shelves [except for those catering to the 1%] is where this is headed.
Circuit City was gouging computer purchasers. They brought about their own demise. J.C. Penney changed its business model. It is not working. Radio Shack remains alive, but I can see no reason for it to exist any more.
Best buy has terrible service on their service contracts. I have a non functioning double oven since Christmas and am still fighting to get it removed. Their service contracts are expensive and do little to assist when it is a lemon.
I think the future trend of the retail market is definitely with online shopping. There is no way brick and mortar stores can compete with the thousands of online specialty stores. My local hardware store almost never has what I am looking for. If I want almost anything I have to find it online. About the only things I still buy retail at local stores are groceries, gas and big ticket items that would be too heavy to ship like a washer and dryer that can be delivered locally. Tools I can buy online.
I would guess that I read every single day at least 2 to 5 stores, companies, corporations in the US are closing or downsizing. In other words, massive lay-offs and closures of collateral suppliers and wholesalers.
So in what Wizard of Oz, Dippity do Day, Land of the lunatics is the president clamoring on a daily basis that the economy is doing great?
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