To be fair, many countries are going through the same thing. We are living in the early transition to an A.I. future. A new phase of ultra efficient economic standards. Macy's and Kohl's are the latest casualties that couldn't keep up. Go look at retail sales the last few months. They've been solid. Americans are spending, just not at these "inefficient" companies. Stop trying to turn this into some negative economic policies from the current administration.
If the new DT administration goes through with privatizing Fannie and Freddie, it wouldn’t be surprising if taxpayer funds end up covering those sky-high million-dollar homes. Later, when the housing market hits another low, they’ll likely be resold for cheap. That’s how the cycle works.
Reaganomics is very Darwinian in nature. Only the “fittest”survive. It was like this in 1875-1933. Only the ruthless psychopaths survive, like John D. Rockefeller. He cracked a lot of skulls and steamrolled the competition.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
It's recommended to save at least 20% of your income in a 401k. Jessica Dawn Walters taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so many ways! She has upscaled my portfolio and even got me reading self help books haha
I work with Jessica Dawn Walters as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Unemployment is an odd concept in an economy where for so many folks it’s necessary to work multiple jobs just to get by. Loose one and you’re counted as employed but suddenly don’t have enough money to live.
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Totally agree. Back in the early 90’s I was laid off from my aerospace job. Job searches turned up nothing. 👎 4 months later the USPS contacted me asking if I was interested working for them. Heck yeah! Took the job and worked there for 3 years. During that time I went back to school, received my BA and began a new career. It was a hell of lot better than sitting around sulking and waiting for something to happen.
People don't want to get dressed and have an afternoon at a mall anymore. They just order everything online. Nobody wants to be around other people anymore. Like it's some terrible thing. Nobody wants to talk on the phone even, it's all just a silent world of texting. So depressing and boring now.
well these companies have to pay high rent and taxes, so it does have an affect of stores staying open. They have to pass the cost to you then you buy less!
I will invest in Starbucks stock in the future. Their branding alone makes money. I have three of them within 5 miles of my house. They are always busy, young Shawn!
The Starbucks on Harlem located in River Forest IL eventually closed because HALF the "customers" inside the store were homeless people hanging out using the bathrooms and harassing young girls. When I complained to the staff, they told me they don't call the police on them or ask them to leave.
Everyone is in Goodwill or going to garage/estate sales looking for bargains. Department stores are no longer appealing. Nobody dresses up for work anymore. They wear pajamas to run errands and shop at Wal-Mart or they work from home. We have lost all class. Macy’s is from a bygone era.
"We have lost all class." Speak for yourself. You must not travel or leave home much if you think people just wear pajamas everywhere. Yeah, dress codes and uniforms still apply at work. Not everyone works from home. Not everyone shops at walmart. Not everyone shops in pajamas. Wtf did I just read!? 😂😂😂
Bought couple of clothes at Macys and found a price better on their site but they refused to give me a credit despite their price matching policy. I just returned it all, got credit and honestly felt better because I didn’t need it. No sympathy.
And that idiot employee that didn't give you the price match was doing it to protect the company that doesn't care about that employee. Full circle justice!
What I don't understand is all this empty retail and storefront space that's available for lease, yet everywhere I see there's new construction going up for more retail and storefront space. Makes no damn sense.
Half a dozen new gas stations popped up in the last couple years while many other retailers have died in a 20 mile radius of me. One just bought land nearby. Not interested in the extra traffic that will bring to our quiet rural area. Already one on the other side of the highway. Quiet walks and bicycle rides where we often don't encounter another vehicle will be ruined.
Time was when you had real life real estate appraisers, who actually lived in the markets that they appraised, their whole lives, and had their fingers on the pulse of the ebb and flow of the markets. Now, you have algorithm writers in countries such as India, who know nothing about real estate and markets in the United States and how they work. A lot of the artificially raised rents we have now is due to that, and it has a tremendous negative ripple effect in the economy. Laws need to be made. It’s up to the government, now. It’s similar to what happened in the S&L crisis and the sub-prime mortgage lending bond bundling debacle that sucked the economy down with ideas that sucked.
I worked at Kohl's throughout high school and college. A LOT of people shopped there bc of the discounts. Then Nike told Kohl's corporate that they couldn't use percentage discounts on their merchandise, it was "hurting their profits". The moment I heard that I knew that other brands would follow suit. Sure enough over the years EVERYONE else followed. Now the discounts only apply to a small portion of brands. I'm not saying this is the only cause, but it definitely doesn't help. If people don't feel like they're saving money, they're going to move on.
My son, who is a newly minted electrician, is moving from Virginia to Florida. While on a visit to Florida over Christmas, he stopped into an electrical contractor to see what employment is like and they offered him a job on the spot. Get into the trades people, they are highly in demand, your skills are portable, and you have no debt (he actually owns his own house and has money in the bank after graduating). Also, the trades will be the absolute last occupations to be replaced by AI and robotics.
Anything that involves you standing and using hands will be the last and quite possibly never replaced. Most of these jobs are "beneath" those who will be replaced first but are too ignorant in their "education" to see it and are the ones pushing for more ai right now.
Nobody ever talks about your body being wrecked by these manual labor jobs. Not saying that you shouldn’t do it, but it’s important to acknowledge that not everything is so cut and dry.
I used to worked in retailing back in the 90s full time and part time. It was a great time having to have great customers that appreciate you. High-end stores, loved it !
I've worked in a Mall. There is virtually no reason to shop and purchase anything from Macey's. Prices are crazy high everywhere, anyone in government who tells otherwise is lying - the economy is poor. People are wising up, they're not blowing money on a fifth Hoody jacket that costs 75 dollars. Save and invest. Invest and save.
Crime is down. This guy has been making the same video for years and been wrong over and over. How people get tricked by this nonsense is crazy. The decoupling of people’s sense of how the economy is doing vs what it is actually doing is caused by this misleading type of video. Causing irreparable harm to our country
I'd say that the 2008 financial crisis was brick mortars last hurrah, but personally I think malls nationwide failed to evolve they should have integrated more indoor recreational activities and gaming etc for people of all ages into their malls to make them fun while also making food court food more affordable but a lot of malls never did that.
Good riddance to some of the Kohls stores, their pricing games are annoying. I don't appreciate companies trying to play mind games to manipulate me to buy something.
Starbucks is actually returning to its prior standard that you needed to purchase something to stay in the store. They changed it after an incident in Philadelphia where the manager had non-patrons removed for waiting for someone to show up. Up until then, if you went into a restaurant/food shop you knew you had to buy something and not just take up space from paying customers.
@@melissasmess2773 It makes sense for anyone with a business. Individually owned coffee/tea shops or any other restaurant didn't allow this either I'm a shareholder since the 90s and never liked people loitering in any business like those.
Aaw this makes sense but is a bit sad. Years ago I didn’t have a car as a teen coming home from my night shift in a VERY dangerous area I would wait for my bus in the Starbucks by my bus stop. They let me with no problems and I had no money for their pricey drinks, and I’m so grateful because many might I was pretty scared staring at a dark bus stop in the cold by myself I was even followed a few times by this guy when kept asking me if i “needed a ride”.
HR are a bunch of no good, unproffesional gossipers that can't hire or keep a good worker if their life dependent on it. HR is a huge part of the problem.
@@melissasmess2773I am trying to persuade myself to buy AMC subscription again but when I see what movies they have I pass. So it’s not only about time and money. Missing the time when each second movie was a romantic comedy.
One world currency won't happen in my lifetime, just like mandated EV's, free college, free healthcare and everything else people seem to fear monger about.
I used to shop at Kohls a lot.....but when Sephora went in and the store changed their whole layout... prices started going up and now they are too expensive to buy anything in there even with a coupon deal. I rarely ever go in there anymore.....sad.😢
Offering employees to relocate to another store miles away from their home is a way companies can "layoff" workers without having to pay their unemployment. When employees quit, then they are not eligible for unemployment compensation.
Starbucks is not declining because of non-paying customers hanigng in their lobby, they're declining because of the outrageous price of their products. I can get a coffee at White Castle for a $1.
There’s a difference between a coffee and a Fu fu drink. Can’t really compare. I drink straight black coffee from anywhere as long as it’s a dollar. Cause regular coffee isn’t worth more than that.
@@saleens330 Even a cup of black coffee at Starbucks is over $3 dollars. Tim Hortons is overpriced as well. For some reason they think their coffee is so exclusive that it warrants the rediculous prices. Sad thing is, people buy it, because it makes them feel like they're a millionaire even though their broke.
It's very simple. The cost of living severely outpaces income. Everywhere. Housing, medical, vehicle, grocery, utility, etc... costs grow faster than wages. No one can afford anything but the necessities in the 21st century. (It's actually been going on since the 80's) I stopped buying everything except for what I need. My bathroom towels are 20+ years old. My bed is 30+ years old. I have a used recliner and no other furniture. My car is a 2009 and I do all the (expensive) maintenance on it to make it last as long as possible. I buy my clothes at Good Will. It takes a pry bar to open my wallet.
Austin is in a crash. I moved here in 2010, into a new luxury 1 bedroom apartment overlooking the gorgeous hills here ($810/month). That same apartment was 3x that amount last year. Finally things are coming back down, but omg it was so over inflated!
The corporations took over the gasoline service stations, and then the service went "poof". You can not even find self-service windshield washing. Gas pump receipt printers do not work half the time. Trash cans overflowing.
@ Or there is way too much turnover. Just how much can an employee help with, if they have only worked there for a few weeks? Why so little effort to retain the best workers? Why are good workers who have been there or been loyal for years, so underpaid? Then they find a better deal elsewhere and your best employees are gone. Then crappy service, bad reviews, declining customers or customers having unnecessary bad experiences.
And no help to clean the mess customers leave in dressing rooms snd open packaged goods, high school kids are lousy employees ,now here there are lots of 60 plus cashiers women working, !😮
I went to two malls yesterday in two decent sized cities 75 miles apart. Both almost empty. Curiously the people there were older, late 60s/early 70s. Went to Costco it was absolutely packed.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments,
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Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why l'm lucky to have seen someone like mr Jihan Wu.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
Moving, especially out of state, costs at least $10k+ and according to most people everyone is broke. Nobody, except maybe store management would be able to move.
Not to mention the job market seems bad everywhere. I’ve traveled and applied to 4 different states with no luck . I’m happy I didn’t spend all my savings moving before hand
There are plenty of folks who aren't broke. I am one of them. I would not hesitate to transfer to Florida (from Texas) for a Federal transfer, even without relocation incentive. 💰
You can thank Amazon and other online "retailers" for these store closings. They have made shopping easier from home without having to drive to shop! Convenience.
I go to my local UPS hub, too ship the stuff that I make. When I go in there...there are dozens of stacked pallets of Amazon returns...every day!! I say to myself...how can they stay in business, with all of these returns...every day??? Just demonstrates the amount of margin that is built into all of this shit that people insist on buying...simply because it's easy, online. WTF???? I just don't understand that level of stupidity. Maybe we are, truly doomed...by our inept programming. Sad.
Well, since you can't get any real customer service at local stores, you have to drive there, and items are more expensive, I've found I actually prefer Amazon. Cheaper, easier, and delivered right to my door.
Shun Status Items! My ‘83 Corolla ran dirt cheap for 35 years before the body rusted away from the excellent drive train. Whoever comes out with a bare bones gasoline only vehicle with the least amount of computer chips will capture a HUGE slice of the U.S. auto market, as my fellow American serfs ‘endeavor to persevere’ during the collapse of the Empire.
Deregulation could bring this kind of stuff back. It's all the regulations like insisting on a rear view camera, or having the insane levels of safety for crash tests. The EPA regs force manufacturers to have tiny engines with turbos that wear out early.
Remember when it used to be "shop til ya drop"? Now it's online/home delivery, if at all. Few have $$, and most shop for necessities. Shopping isn't pastime anymore.
The thing is most were spending money they did not have to begin with. Debt was the pastime. Maybe people garages will have less junk in them after a while.
@@ladycactus110 I rather be an early shareholder in companies when they are under $5 a share than be broke hoping companies fail. Even Bezos said companies don’t last 100 years so don’t see your point. I’m enjoying the ride as an investor and debt free consumer. Amazon is also more than warehouse/distribution and evolving right under your nose.
I hate online shopping! I really have to see things in person to get a feel for how they fit or their size before I buy them. We just recently bought a fireplace and I went to a couple of stores to see them but they didn't have many options because they said people are mostly buying online. My husband insisted that we buy it from Amazon, I said "no, I want to see what it looks like", he was convinced that it would look the same and showed me a few videos. He bought it anyways and now he hates it because it doesn't look like a real fireplace in person..... Online retailing is just not for me, I'm sad to see physical stores go slowly.
Hmm. Here in North Port, Fl all the rentals I have inquired about are still averaging 2300-2400 per month. Still homeless because of it. And no I will not move; that costs money, too, and this sitaution is everywhere.
I walked in Macy’s in the mall by me a few days ago for the first time in probably 20 years. For lack of a better word, I guess I was “ignorant” to the fact, or never paid attention to their pricing and retail items that they sold. They have brand names at brand name prices but they are priced out by the economy of 20-30 years ago where the middle class could afford their prices. The “middle” class now shops at walmart. On top of that, the Macy’s I went in looked like they haven’t repaired things in a while and the interior absolutely looks like it’s stuck in the 90’s.
Macy's independently owned their store at the Muncie Mall years ago before it went out of business. The stores new owner now has a giant overstock supply of stuff from other failed businesses. The whole mall is a shadow of its former self. Pitiful. New company bought the mall a year ago. Gonna try and turn it around. SMH It's toast. Kohl's is behind the mall looking like it's barely hanging on. Even Target by that mall seems sub par.. Muncie Indiana has seen it's day.
I can tell you first hand as I person that has moved interstate multiple times. It was fairly easy until a decade ago. Changing mail, driver's license, working licences, etc. has become very complicated and expensive! No longer a breeze.
Well, I don’t know about anyone else but I don’t have the money to do a lot of shopping. My shopping is for groceries and absolute necessities for the foreseeable future.
I raised $75k and Matthew D Heck is to be thanked. I got my self my dream car just last weekend, My journey with him started after my best friend came back from New York and saw me suffering in debt then told me about him and how to change my life through him. Mr Matthew is the kind of person one needs in his or her life! I got a home, a good business, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!
I worked at a Carson Pirire Scott back in 2014-2017 here in the Chicago suburbs They went bankrupt back in 2017, and I can tell you wasn't suprised at all to hear it. They gave the gm these HUGE bonuses for sales he had nothing to do with, while paying me minimum wage no benefits. And half my job was taking excess merchandise and storing it in our huge furniture gallery storage where it all just sat there, never being sold or even stored anywhere else. They were getting their butts kicked by Amazon way back then so I'm sure now they're just getting pelted.
you forgot to mention the supposed government jobs created, counterbalanced the private sector jobs unemployment rate. it's a rigged number to say the least. it's been a phony economy all along. Armageddon is coming, plz prepare.
Indiana, Pennsylvania is a small college town. The Burger King fast food restaurant just opened 24 x 7; they are doing well since they are the only food business opened round the clock. McDonald's is Dead. I don't eat fast food but appreciate the stability and growth of any business.
This has nothing to do with economy theses store opened a branch on e every street corner they could find. Small towns don’t need three Kohl’s or 19 Walgreens they opened new stores everywhere they could and now they realize they need to close leaving empty buildings behind and, mostly, local landlords suffer.
I almost don’t buy myself anything unless it’s on sale or I get a true discount. I’ll wait it out as I don’t really need it. Too many ppl why on a whim. Almost like an addiction and must have it now.
Americans have no one to blame but ourselves. We shop at Walmart, and buy online. I'm 70 years old and I'm here to tell you that it WAS better 20 and 30 years ago and it was a different world before social media and cell phone technology ruined everything. Yes there are advantages, but they're not worth it and I wish the damn things were never invented.
Saw a Macy's with a 50% off today. This video explains it. Kohls has always been a junk store, their merchandising practices are horrible compared to other more popular retailers. Too hard to find stuff in the store.
I’ve been in the restaurant industry over 10 years now and it’s not looking too good for workers either. Not necessarily speaking on the lay off part but the pay wage is CRAP especially for the amount of workload and people don’t tip like they used to.
Mike, It doesn’t matter. Their expensive garbage coffee won’t sell. You can get better cheaper coffee at many other establishments. I used to be a client, but they lowered the quality of their coffee. They won’t see me at their shops.
I live in Southern California. Yesterday at Carl's Jr. a chicken sandwich was $9 and a small coffee was $3. I think because people can no longer afford to go to a restaurant, all the fast food places raised their prices. Capitalism at it's best.
I have a friend who wanted to take a manager position at Amazon in Tennessee, she could not find housing she literally lived in her car while she was there until she couldn't do it anymore and had to leave there's no affordable housing even for a manager in Amazon to even transfer and live in Tennessee that's how bad it is.
Depends on if you are willing to let go of your possessions. The real issue is that the housing market is still high in several areas and so is the rent. Oftentimes moving means paying way more.
While I don't think the economy is well or going in a good direction, I don't think this is the best signal. In the age of the internet, people are just becoming smarter shoppers and can easily find similar items at these stores for better prices through ecommerce offerings.
I just had an experience today where I went looking for something at my local comic book store. they didn't have it and couldn't order it. I said "I'll look online" and the owner said good luck in a way like "it'll be hard". 15 mins later I had what I wanted shipped to me for free. So until local stores can compete with that there's no future for local stores, you can't provide a worse experience to online for folks, it's just reality. Online tends to be cheaper too. it's the kiss of death for the old model whether you like it or not.
I live 25 minutes or more away from everything and seems like the stores are out of the stuff I need is a crap shoot so why bother I just buy groceries at the store the rest is all online
These brick-n-mortar idiots complain that they can't compete with "the internet" instead of using the internet to sell to the world. It's the greatest sales opportunity generator since ships were invented and I don't feel sorry for anyone who goes under because they refuse to adapt and compete.
Online retail is bad !! Just remember when your comic book store closes it was partly your fault , those fun times surfing for comic book no longer exists !! Bye bye ..
The way people buy things had changed. Why drive to a store, find a place to park, choose from a limited selection, when you can select from dozens of similar products and have it arrive the next day? Change is change.
Job relocation simply isn't an option anymore for most. Corps pull a fast one all the time like rescinding offers like coinbase. Relocation is also not cheap and usually job relocation is to expensive metro where ur money does not last
Generational institutions that were designed for marketing and investments for the tech industry !!! High paying and short-term careers !! Wounder what's next !!
No one‘s gonna miss either one of those places the days of shopping malls are over with Macy’s and Kohl’s are just like Sears and JCPenney‘s. They’re all old dinosaurs. I would say within the next 10 years most shopping malls across America will be closed or shut down everybody does their shopping online.
Drone delivery is the way of the future. Online shopping and delivery via drone. It’s already available in China. Hong Kong, Dubai and China are decades ahead of the United States.
When i worked at Macy's 2008 to 2018 they where loosing business then. When they closed down their bridal registery in 2020. Lack of big weddings due to cost. Less marriages and brides could careless about china patterns. Now its all done online by other vendors. Macys executives got to lazy and greedy and only cared about their bonuses and then they did about us, their employees. They are becoming antiquated. 😢
They have nice stuff and deals,look at jcpenney they reworked there store model to cater to young women and kicked out the fat old gals,well the young ones didn't have the money the old women had the money and now they don't shop there.
Kohls used to be my wifes favortie store, Kohls destroyed that, mainly cause they carry garbage now and nothing she needs. Thats what wrong with Kohls, and why they went to Cht.
I have worked at kohls during winter breaks. I would say a big part of retail losing money is due to their return policies, I would see customer return clothes that they have definitely worn and tags off the merchandise and we would have to accept the items and damage them out. I asked the manger why are we returning the items they have been clearly worn, she stated to make the customer happy. the customer was returned 500 dollars back to her credit card.
Our small Illinois town has just been "targeted" by two huge retailers, Hobby Lobby and TJ Maxx. And the weird thing is people here are just besides themselves with glee.
Hahaha, it's just stuff you don't need !! I call it "E J",expensive junk ha ha ha, don't get suckered in ! Save for a cruise!!! At least you're having something to talk about !!! Hahaha
Walmart's HOSTILE TAKEOVER of the American Economy... ruclips.net/video/yztD8kmO6R8/видео.html
Indeed. Extremely hostile !
To be fair, many countries are going through the same thing.
We are living in the early transition to an A.I. future. A new phase of ultra efficient economic standards.
Macy's and Kohl's are the latest casualties that couldn't keep up.
Go look at retail sales the last few months. They've been solid. Americans are spending, just not at these "inefficient" companies.
Stop trying to turn this into some negative economic policies from the current administration.
If the new DT administration goes through with privatizing Fannie and Freddie, it wouldn’t be surprising if taxpayer funds end up covering those sky-high million-dollar homes. Later, when the housing market hits another low, they’ll likely be resold for cheap. That’s how the cycle works.
Reaganomics is very Darwinian in nature. Only the “fittest”survive. It was like this in 1875-1933. Only the ruthless psychopaths survive, like John D. Rockefeller. He cracked a lot of skulls and steamrolled the competition.
Hard agree. We’re like twenty years in. I’ve been boycotting since like 2000 (not shopping there).
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
It's recommended to save at least 20% of your income in a 401k. Jessica Dawn Walters taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so many ways! She has upscaled my portfolio and even got me reading self help books haha
That's an intriguing outcome. How can I contact your Asset manager?
I work with Jessica Dawn Walters as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Unemployment is an odd concept in an economy where for so many folks it’s necessary to work multiple jobs just to get by. Loose one and you’re counted as employed but suddenly don’t have enough money to live.
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I could do $800-$900/month for rent but that doesn't exist so I'll just give my grandma the $800 and get a whole basement and a detached garage.
Good plan for both of you
The last time I saw rent that low at apartment complexes was back in the early to mid 90s.
It doesn't exist where you live.
There are folks on Facebook marketplace with rooms in their house for rent for $450 in my area. Probably 150 sq ft and shared bathroom but hey, $450
Nice, good job on improvising "
I was a truck driver for 15 years. Not because I wanted to. But it paid the bills. Sometimes you have to do what you have to do.
Totally agree. Back in the early 90’s I was laid off from my aerospace job. Job searches turned up nothing. 👎
4 months later the USPS contacted me asking if I was interested working for them. Heck yeah! Took the job and worked there for 3 years. During that time I went back to school, received my BA and began a new career. It was a hell of lot better than sitting around sulking and waiting for something to happen.
A man.
@@marcwitteborg4789 tell me about it.
@@marvinphillips1326 Congratulations! I was laid off and the later job offer was a blessing.
YEP! The AMERICAN DREAM! *Just do what you have to and not what you love!* Preach!
The problem with moving to find a job is that generally speaking this economy is shitty everywhere.
@@Dmnr99 Where is it good?
Plus moving isn't cheap. It can take a year to recoup the costs
@@Dmnr99 NC, we're good
@@Dmnr99 The new
administration will provide many white and blue collar jobs in the Northern Virginia area.
Biden said he's turning over a strong economy to the Trump administration. Must be correct if he said it.
Welcome to America
Where corporations are people and it's citizens are indentured servants.
Bingo
Yep, Citizens United decision is destroying the country.
On point
Yes indeed, and it will get worse before it gets better. Those who don't pay attention to history are bound to repeat it.
Also where other citizens like me invested in corporations and retired already in my 40s because of it.
People don't want to get dressed and have an afternoon at a mall anymore. They just order everything online. Nobody wants to be around other people anymore. Like it's some terrible thing. Nobody wants to talk on the phone even, it's all just a silent world of texting. So depressing and boring now.
Where can you meet new people these days?
I really miss “going shopping”. We had so many great stores to shop in. No where to go anymore :(.
@ I never really realized how many couples met while shopping till it ended.
Shopping mall shopping is alive and well in Honolulu
@cnxghost Just generic Nikes
High rent and taxes are destroying retail.
AMAZON is destroying retail.
@@angelcitystudio Amazon is just a symptom, not a cause.
well these companies have to pay high rent and taxes, so it does have an affect of stores staying open. They have to pass the cost to you then you buy less!
@@aaronelliott413 And we should! These poor poor multi billionaires, and their poor devastated shareholders...
you're right, when there's no money to spend the retailers cant hire people to shop there
Starbucks i never went there. the costs are ridiculous ...they will continue to lose sales
They build elaborate buildings. Do we really need that for a cup of coffee? Buy a coffeemaker.
I never go to Starbucks. I have a Nespresso Virtuo and make my espresso drinks at home.
They have been doing fine without you.
All good.
I will invest in Starbucks stock in the future. Their branding alone makes money. I have three of them within 5 miles of my house. They are always busy, young Shawn!
The Starbucks on Harlem located in River Forest IL eventually closed because HALF the "customers" inside the store were homeless people hanging out using the bathrooms and harassing young girls. When I complained to the staff, they told me they don't call the police on them or ask them to leave.
Everyone is in Goodwill or going to garage/estate sales looking for bargains. Department stores are no longer appealing. Nobody dresses up for work anymore. They wear pajamas to run errands and shop at Wal-Mart or they work from home. We have lost all class. Macy’s is from a bygone era.
"We have lost all class." Speak for yourself. You must not travel or leave home much if you think people just wear pajamas everywhere. Yeah, dress codes and uniforms still apply at work. Not everyone works from home. Not everyone shops at walmart. Not everyone shops in pajamas. Wtf did I just read!? 😂😂😂
I DO ESTATE SALES. PPL STILL STEAL WHEN WERE SELLING $100 ITEMS FOR $5
Sad, true
Macy shutdown.
Bought couple of clothes at Macys and found a price better on their site but they refused to give me a credit despite their price matching policy. I just returned it all, got credit and honestly felt better because I didn’t need it. No sympathy.
good for you
Macy's also played the cheesy price cut game like Kohl's.
Macy's sucks! Always empty.
Macy's !!! overpriced merchandise !!! Well good for you !!! Slowly America is waking up !
And that idiot employee that didn't give you the price match was doing it to protect the company that doesn't care about that employee. Full circle justice!
I'm a house painter in Central California, this winter was the slowest I've had since I became licensed in 2011. People are holding on to their money.
As they should
@mhodge0890 for now yes, but the economy booms when money flows.
Could be people are paying of credit cards they used for the past 3 or 4 Christmas's...
Same here! Customers just want “spot” painting and just the most minimal trim work. Have not had a full house painting in six months!
What money?
What I don't understand is all this empty retail and storefront space that's available for lease, yet everywhere I see there's new construction going up for more retail and storefront space. Makes no damn sense.
Half a dozen new gas stations popped up in the last couple years while many other retailers have died in a 20 mile radius of me. One just bought land nearby. Not interested in the extra traffic that will bring to our quiet rural area. Already one on the other side of the highway. Quiet walks and bicycle rides where we often don't encounter another vehicle will be ruined.
All I'm seeing is new storage buildings for people to put all of their things in. No new retail around my area.
Time was when you had real life real estate appraisers, who actually lived in the markets that they appraised, their whole lives, and had their fingers on the pulse of the ebb and flow of the markets. Now, you have algorithm writers in countries such as India, who know nothing about real estate and markets in the United States and how they work. A lot of the artificially raised rents we have now is due to that, and it has a tremendous negative ripple effect in the economy. Laws need to be made. It’s up to the government, now. It’s similar to what happened in the S&L crisis and the sub-prime mortgage lending bond bundling debacle that sucked the economy down with ideas that sucked.
Same for office space. I just drove from SF to Silicon Valley today and there are lots of new big office buildings going up.
6439 Well stated !
I worked at Kohl's throughout high school and college. A LOT of people shopped there bc of the discounts. Then Nike told Kohl's corporate that they couldn't use percentage discounts on their merchandise, it was "hurting their profits". The moment I heard that I knew that other brands would follow suit. Sure enough over the years EVERYONE else followed. Now the discounts only apply to a small portion of brands. I'm not saying this is the only cause, but it definitely doesn't help. If people don't feel like they're saving money, they're going to move on.
Add Walgreens to the list. 1500 Walgreens stores to close soon.
CVS also
CVS and Walgreens I went through and I did not find any item that was cheaper than me buying it off the internet🎉
Another Vangaurd / Blackrock holding.
That's great they sell overprice and have regional control in the medication distribution. Good for community small pharmacies.
Mygod
My son, who is a newly minted electrician, is moving from Virginia to Florida. While on a visit to Florida over Christmas, he stopped into an electrical contractor to see what employment is like and they offered him a job on the spot. Get into the trades people, they are highly in demand, your skills are portable, and you have no debt (he actually owns his own house and has money in the bank after graduating). Also, the trades will be the absolute last occupations to be replaced by AI and robotics.
AI will upload electrical knowledge to your brain and you will be able to perform as a licensed electrician 😁
Was the pay pretty reasonable?
Very stable career choice !
Anything that involves you standing and using hands will be the last and quite possibly never replaced. Most of these jobs are "beneath" those who will be replaced first but are too ignorant in their "education" to see it and are the ones pushing for more ai right now.
Nobody ever talks about your body being wrecked by these manual labor jobs. Not saying that you shouldn’t do it, but it’s important to acknowledge that not everything is so cut and dry.
When a fuckin Nike hoodie, screen printed, is $70, nobody is going to buy them. Insanity. It’s a fuckin HOODIE!
polo and la coste is mostly the cost of yhe brand logo with little better material
They have to charge high prices for they can support BLM.
You can buy a better quality and thicker hoodie online for $25 or less but it won't have the Nike swoosh...
@@erikthered3601 Where's the comments?You can make it at home for cheaper
$100 dollar is most then fair for a hoodie, you use it very well and you earn your $100 in less then a week while the hoddie will still last.
I used to worked in retailing back in the 90s full time and part time. It was a great time having to have great customers that appreciate you. High-end stores, loved it !
"Shady characters doing nefarious things" sounds like a typically day in the nation's capitol.
It will be a typical day in the nation's capital, soon!
I've worked in a Mall. There is virtually no reason to shop and purchase anything from Macey's. Prices are crazy high everywhere, anyone in government who tells otherwise is lying - the economy is poor. People are wising up, they're not blowing money on a fifth Hoody jacket that costs 75 dollars. Save and invest. Invest and save.
This!
M shutdown.
It obviously is not publicized, but shoplifting is RAMPANT at both stores, in many, many locations, so no wonder they are closing up many of them.
Exactly, closing stores where business is least and shoplifting intolerable. Macys will stay for now in places where the economy is still ok.
Shoplifting increases when people don't have money
Crime is down. This guy has been making the same video for years and been wrong over and over. How people get tricked by this nonsense is crazy. The decoupling of people’s sense of how the economy is doing vs what it is actually doing is caused by this misleading type of video. Causing irreparable harm to our country
Yoooo read some good info, its actually up for you guys 😂😂😂😂@@bulshavix6
Maybe they should hire some security!!! Hahaha
The 80’s was brick and mortar’s last hurrah 🤷🏼 And, the malls were glorious ❤❤❤
the indoor malls were a good place to get relationships, were stuck to work "from home" or HR nightmares now
I'd say that the 2008 financial crisis was brick mortars last hurrah, but personally I think malls nationwide failed to evolve they should have integrated more indoor recreational activities and gaming etc for people of all ages into their malls to make them fun while also making food court food more affordable but a lot of malls never did that.
Many malls are still running extremely well. Here in Washington state major malls are rocking. It's all about location.
So true ! But, developers began to become greedy, and when rent started to accelerate with retail ,the beginning of our accelerated economy !!! Hahaha
Good riddance to some of the Kohls stores, their pricing games are annoying. I don't appreciate companies trying to play mind games to manipulate me to buy something.
Spend 50.00 and get a voucher for ten dollar's to use in the future. Give me ten dollars off now because I don't want to go back 😂
Never had any use for Kohls merchandise.
Right. Those Kohl's dollars are annoying. Give me the discount. Who wants to go back? Good riddance.
They hope you will lose it or forget about it. There's nothing in it for them to give you the money now
Yep, I never shopped Kohl's because their pricing games were too complicated.
Starbucks is actually returning to its prior standard that you needed to purchase something to stay in the store. They changed it after an incident in Philadelphia where the manager had non-patrons removed for waiting for someone to show up. Up until then, if you went into a restaurant/food shop you knew you had to buy something and not just take up space from paying customers.
Catering to the homeless crowd didn't pay dividends to their stock holders.😂
Every time I go in Starbucks I don't buy anything. Wife and kids do.
Just want the free wifi
@@melissasmess2773
It makes sense for anyone with a business.
Individually owned coffee/tea shops or any other restaurant didn't allow this either
I'm a shareholder since the 90s and never liked people loitering in any business like those.
Aaw this makes sense but is a bit sad. Years ago I didn’t have a car as a teen coming home from my night shift in a VERY dangerous area I would wait for my bus in the Starbucks by my bus stop. They let me with no problems and I had no money for their pricey drinks, and I’m so grateful because many might I was pretty scared staring at a dark bus stop in the cold by myself I was even followed a few times by this guy when kept asking me if i “needed a ride”.
Imagine working for Facebook & thinking that you are part of the solution.
There is no solution, there's just survival.
Applying for a job these days, it's such a scam!
Even HR people are being let go now. 😂
HR are a bunch of no good, unproffesional gossipers that can't hire or keep a good worker if their life dependent on it. HR is a huge part of the problem.
You don't apply for a job you create a job !! What are you thinking!!! Hahaha
Shopping experience is gone
People don't go to the mall to see friends, meet new people, spend the day anymore, movies, food. They working three jobs and got Amazon😂
@@Stark-ek7mhbeen buying car parts, etc off eBay since 1999, great, love it.
Maybe but when I go to the mall in Glendale, CA, it's packed.
RIP
@@melissasmess2773I am trying to persuade myself to buy AMC subscription again but when I see what movies they have I pass. So it’s not only about time and money. Missing the time when each second movie was a romantic comedy.
We lost Big Lots and Kohl's in the same complex in Blue Ash, Ohio. Ironically, built from a vacant Kmart, also gone. 😢
Make it big community beer garden and just stay drunk.
I miss my big k.
It's so sad to see life die right in front of us !!! NEXT...HAHAHA
Foreshadowing to what was to come…
@saleens330 The shadows are long gone, it's now become smog !! Hahaha
One world currency. Only few stores to shop from. Dystopia
Nothing fits, thanks China😂
Mark of the beast.
And the possibility that robots - androids will walk among us running errands for their owners over the next few decades.
Just like in Demolition Man
One world currency won't happen in my lifetime, just like mandated EV's, free college, free healthcare and everything else people seem to fear monger about.
I used to shop at Kohls a lot.....but when Sephora went in and the store changed their whole layout... prices started going up and now they are too expensive to buy anything in there even with a coupon deal. I rarely ever go in there anymore.....sad.😢
Offering employees to relocate to another store miles away from their home is a way companies can "layoff" workers without having to pay their unemployment. When employees quit, then they are not eligible for unemployment compensation.
Starbucks is not declining because of non-paying customers hanigng in their lobby, they're declining because of the outrageous price of their products. I can get a coffee at White Castle for a $1.
McD's😁😁😁
I don't like their burgers !! Nasty ha ha ha
There’s a difference between a coffee and a Fu fu drink. Can’t really compare. I drink straight black coffee from anywhere as long as it’s a dollar. Cause regular coffee isn’t worth more than that.
@saleens330 You are apparently a smart consumer !! And I admire you !! Keep up the good work !! Have a nice life !!!
@@saleens330 Even a cup of black coffee at Starbucks is over $3 dollars. Tim Hortons is overpriced as well. For some reason they think their coffee is so exclusive that it warrants the rediculous prices. Sad thing is, people buy it, because it makes them feel like they're a millionaire even though their broke.
We all need to live in RV's so when our jobs relocate, we can move!
😂😂😂u win the best comment of the day!! Very funny because it could be our future I know I already have moved 2x for work related
You can worry about dumping your poop while living in an RV, Steven. I'll stay in my house with indoor plumbing, thanks. 🤣
@@DIVISIONINCISION...and no job. You forgot that part.
More expensive than a short term apartment rental.
Not a bad idea
Never set foot in a Starbucks -- drive thru either. It just made no sense to me.
It's very simple. The cost of living severely outpaces income. Everywhere. Housing, medical, vehicle, grocery, utility, etc... costs grow faster than wages. No one can afford anything but the necessities in the 21st century. (It's actually been going on since the 80's) I stopped buying everything except for what I need. My bathroom towels are 20+ years old. My bed is 30+ years old. I have a used recliner and no other furniture. My car is a 2009 and I do all the (expensive) maintenance on it to make it last as long as possible. I buy my clothes at Good Will. It takes a pry bar to open my wallet.
"pry bar". Good one.
M shutdown.
This is precisely what I was looking for. Thank you for posting this!
Cornholed by The Great Cornholio himself! It did it to itself.
Austin is in a crash. I moved here in 2010, into a new luxury 1 bedroom apartment overlooking the gorgeous hills here ($810/month). That same apartment was 3x that amount last year. Finally things are coming back down, but omg it was so over inflated!
We will be forced to only shop online on Amazon and Walmart where they can track and control our every purchase
EXACTLY.
You can't control your own purchasing?
And expensive thrift stores.
If you use those services, they are already tracking your purchases and behavior…
Just gotta abandon consumerism. Buy used, repair what you've got.
There is zero service in retail as it is!
The corporations took over the gasoline service stations, and then the service went "poof". You can not even find self-service windshield washing. Gas pump receipt printers do not work half the time. Trash cans overflowing.
because managers don’t hold employees accountable. plus little training and a poor HR selection.
@
Or there is way too much turnover. Just how much can an employee help with, if they have only worked there for a few weeks? Why so little effort to retain the best workers? Why are good workers who have been there or been loyal for years, so underpaid? Then they find a better deal elsewhere and your best employees are gone. Then crappy service, bad reviews, declining customers or customers having unnecessary bad experiences.
Customers have become irate Karen's as well. I wouldn't want to serve some of the entitled jagoffs for minimum wage
We don't need anyone to help spending our money !! Hahaha
I just told a friend that every time i go to kohls i feel like im the only one in the store except the employees
And no help to clean the mess customers leave in dressing rooms snd open packaged goods, high school kids are lousy employees ,now here there are lots of 60 plus cashiers women working, !😮
Except in line there’s 100 people one checker
Lol, same. I also feel that way in JC Penny. I don't even know how those stores are still open.
@@ozzy.....7383Right!😂
I went to two malls yesterday in two decent sized cities 75 miles apart. Both almost empty. Curiously the people there were older, late 60s/early 70s. Went to Costco it was absolutely packed.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.
Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments,
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Some persons think inves'tin is all about buying stocks;
I think going into the stock market without a good experience is a big risk, that's why l'm lucky to have seen someone like mr Jihan Wu.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
Waking up every tenth of each month to £210,000 it’s a blessing to I and my family… Big gratitude to this same Jihan Wu🙌
Jihan demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Moving, especially out of state, costs at least $10k+ and according to most people everyone is broke. Nobody, except maybe store management would be able to move.
Not to mention the job market seems bad everywhere. I’ve traveled and applied to 4 different states with no luck . I’m happy I didn’t spend all my savings moving before hand
Most people are ignorant and silly. They're their own worst enemy.
There are plenty of folks who aren't broke. I am one of them. I would not hesitate to transfer to Florida (from Texas) for a Federal transfer, even without relocation incentive. 💰
@@DIVISIONINCISION Don't come to FL we're full
10k?! Where do people get these random numbers from? If you are spending that much on moving out of state then you are making some very bad decisions.
It's sad but the prices of Kohl's and Macy's are ridiculous.
We know, stop going there!!! Your don't "need" anything !!! Hahaha
Go to thrift stores. U will see.
You can thank Amazon and other online "retailers" for these store closings. They have made shopping easier from home without having to drive to shop! Convenience.
And then you will complain when there are no shops open.
You can thank the *people* who shopped at Amazon and online.
No the high rent on these big buildings is the problem
I go to my local UPS hub, too ship the stuff that I make.
When I go in there...there are dozens of stacked pallets of Amazon returns...every day!!
I say to myself...how can they stay in business, with all of these returns...every day???
Just demonstrates the amount of margin that is built into all of this shit that people insist on buying...simply because it's easy, online.
WTF???? I just don't understand that level of stupidity.
Maybe we are, truly doomed...by our inept programming.
Sad.
Well, since you can't get any real customer service at local stores, you have to drive there, and items are more expensive, I've found I actually prefer Amazon. Cheaper, easier, and delivered right to my door.
Kohl's near me has 3-4 times more Amazon returns than Kohl's shoppers. Ghost town.
Ya, that's all I use it for and feel guilty.
Part of the problem is that even the "discount" clothing stores, like Kohls, charge a lot more now. And the quality of goods is terrible.
Shun Status Items!
My ‘83 Corolla ran dirt cheap for 35 years before the body rusted away from the excellent drive train. Whoever comes out with a bare bones gasoline only vehicle
with the least amount of computer chips will capture a HUGE slice of the U.S. auto market, as my fellow American serfs ‘endeavor to persevere’ during the collapse of the Empire.
As Nissan is toying with producing NP300 bare bones small work pickup. And Toyota with a similar Stout pickup. We can all hope.
@
That’s great news!
A diesel car would have lasted longer than that Corolla, and with much better features (VW/Audi/Volvo/BMW).
Deregulation could bring this kind of stuff back. It's all the regulations like insisting on a rear view camera, or having the insane levels of safety for crash tests. The EPA regs force manufacturers to have tiny engines with turbos that wear out early.
@@DIVISIONINCISION
NO SENOR
The body rusted out. The engine ran like a top till the body disintegrated.
Remember when it used to be "shop til ya drop"? Now it's online/home delivery, if at all. Few have $$, and most shop for necessities. Shopping isn't pastime anymore.
Sounds like living below your means. I'm use to it.
The thing is most were spending money they did not have to begin with.
Debt was the pastime.
Maybe people garages will have less junk in them after a while.
I hate shopping tbh
Valerie, plenty have money. You don't, and we understand that. That doesn't mean everyone is broke!
Now it's " shop till you... fart... on a sofa"!😂😂😂
China, online shopping, amazon. It was just a matter of time! Sad. I hate technology and the greed that sent work to China.
Amazon will fall too.
I hate rampant consumerism. I say GOOD that these strip mall that put the mom and pops out of business are going down.
@@ladycactus110
I rather be an early shareholder in companies when they are under $5 a share than be broke hoping companies fail.
Even Bezos said companies don’t last 100 years so don’t see your point. I’m enjoying the ride as an investor and debt free consumer.
Amazon is also more than warehouse/distribution and evolving right under your nose.
I hate online shopping! I really have to see things in person to get a feel for how they fit or their size before I buy them. We just recently bought a fireplace and I went to a couple of stores to see them but they didn't have many options because they said people are mostly buying online. My husband insisted that we buy it from Amazon, I said "no, I want to see what it looks like", he was convinced that it would look the same and showed me a few videos. He bought it anyways and now he hates it because it doesn't look like a real fireplace in person..... Online retailing is just not for me, I'm sad to see physical stores go slowly.
Because they’re expensive. I see a lot of people shopping at Ross now
I saw an article in DailyMail yesterday saying Ross is also closing some stores.
Never heard of it.
Ross!! Love that store!! Tuesday is 10% off for old people !! Enjoy your life !!
Been in Ross 2 times walked right out.
@g.flesch9731 Apparently you didn't need anything !! That's good !!!
Hmm. Here in North Port, Fl all the rentals I have inquired about are still averaging 2300-2400 per month. Still homeless because of it. And no I will not move; that costs money, too, and this sitaution is everywhere.
You are ALWAYS 3 steps ahead of the MSM !
I walked in Macy’s in the mall by me a few days ago for the first time in probably 20 years. For lack of a better word, I guess I was “ignorant” to the fact, or never paid attention to their pricing and retail items that they sold. They have brand names at brand name prices but they are priced out by the economy of 20-30 years ago where the middle class could afford their prices. The “middle” class now shops at walmart. On top of that, the Macy’s I went in looked like they haven’t repaired things in a while and the interior absolutely looks like it’s stuck in the 90’s.
Macy's independently owned their store at the Muncie Mall years ago before it went out of business. The stores new owner now has a giant overstock supply of stuff from other failed businesses. The whole mall is a shadow of its former self. Pitiful.
New company bought the mall a year ago. Gonna try and turn it around. SMH It's toast.
Kohl's is behind the mall looking like it's barely hanging on. Even Target by that mall seems sub par.. Muncie Indiana has seen it's day.
The 90's were a good time of luxury and refinement, baby Dixon. Respect the 90's! Rise up.
90s are fine. I hate technology.
Girl, you need to catch up on life, where you been ? Hahaha
I can tell you first hand as I person that has moved interstate multiple times. It was fairly easy until a decade ago. Changing mail, driver's license, working licences, etc. has become very complicated and expensive! No longer a breeze.
Well, I don’t know about anyone else but I don’t have the money to do a lot of shopping. My shopping is for groceries and absolute necessities for the foreseeable future.
Rent takes all.
Bank mortgages amd rent takes everything. 🐓🐓🐓🐓🐓🐓🐓
Retail has been overbuilt for years.
Big money!! Over priced rent pays for the real state investments !!! Should have invested back in the day !!
Macy's and Kohl's have been struggling for a decade. No big surprise here.
Our Macy's has been closed for years
Ya, Macy's has been been shut down for years
@ Macy's is still in business with 350 stores still in operation.
@Atwater20 I know they better not close the macys Thanksgiving day parade store. 🙏🏾😁
$75k biweekly changed my mindset and behavior, my goals, my family and l've to say this video has inspired me a lot!!!
I'm feeling motivated could you share some details about the biweekly topic you brought up?
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Oh yeah! Thanks, been looking on way to get his contact. I’m happy i came across this now … how can I reach him
Wow I know him too Matthew Heck is a remarkable individual whom has brought immense positivity and inspiration into my life.
Can't share much here. I'd suggest you research him further on the web.
Fantastic discussion
Excellent analysis
Thank you Sir
I always love listening to you
Nothing to see here. Big box retailers, brick and mortar stores and malls have been slowly dying for decades.
Kohls is like the worst place to shop. Everything is expensive and it's nothing special. Close that crap.
It is pretty generic
It seems pretty reasonable with all the reduced prices they continuously have.
I worked at a Carson Pirire Scott back in 2014-2017 here in the Chicago suburbs They went bankrupt back in 2017, and I can tell you wasn't suprised at all to hear it. They gave the gm these HUGE bonuses for sales he had nothing to do with, while paying me minimum wage no benefits. And half my job was taking excess merchandise and storing it in our huge furniture gallery storage where it all just sat there, never being sold or even stored anywhere else. They were getting their butts kicked by Amazon way back then so I'm sure now they're just getting pelted.
Strange how we hear about these large closures all the time and they never seem to effect the headline unemployment number.
Those numbers are fake! Not strange at all once you understand that.
Its like they play with statistics…..
you forgot to mention the supposed government jobs created, counterbalanced the private sector jobs unemployment rate. it's a rigged number to say the least. it's been a phony economy all along. Armageddon is coming, plz prepare.
Yep those statistics are massaged to the extreme. All fake numbers.
Working two crap jobs instead of one career tends to keep job numbers high.
1700.00 a month for rent is still way too high.
That is not a bargain.
Bank mortgages and all housing takes all your money.
@@honghong3153 Yeah, it does, and this situation is not sustainable.
The bubble is going to eventually burst, and when it does, it won't be pretty.
Indiana, Pennsylvania is a small college town. The Burger King fast food restaurant just opened
24 x 7; they are doing well since they are the only food business opened round the clock. McDonald's is Dead.
I don't eat fast food but appreciate the stability and growth of any business.
This has nothing to do with economy theses store opened a branch on e every street corner they could find. Small towns don’t need three Kohl’s or 19 Walgreens they opened new stores everywhere they could and now they realize they need to close leaving empty buildings behind and, mostly, local landlords suffer.
Nobody has any money to leisurely shop.
We do have money, Robert, however delivery is easier if you know what you want.
Bank mortgages and rents takes all. Housing takes all.
Kohl’s and Macy’s products are so overpriced anyway for something so generic. It’s the brand names that are dying. Can’t afford brand name products.
M shutdown.
I almost don’t buy myself anything unless it’s on sale or I get a true discount. I’ll wait it out as I don’t really need it. Too many ppl why on a whim. Almost like an addiction and must have it now.
Americans have no one to blame but ourselves. We shop at Walmart, and buy online. I'm 70 years old and I'm here to tell you that it WAS better 20 and 30 years ago and it was a different world before social media and cell phone technology ruined everything. Yes there are advantages, but they're not worth it and I wish the damn things were never invented.
Saw a Macy's with a 50% off today. This video explains it. Kohls has always been a junk store, their merchandising practices are horrible compared to other more popular retailers. Too hard to find stuff in the store.
Like T K Max in the UK
Companies are openly admitting to managing people out now. Corporate greed is out of control.
And that is all it is pure greed.
I’ve been in the restaurant industry over 10 years now and it’s not looking too good for workers either. Not necessarily speaking on the lay off part but the pay wage is CRAP especially for the amount of workload and people don’t tip like they used to.
Tell the boss ,to start give you a bonuses !!! For the work you are performing, you deserve it !!
Mike,
It doesn’t matter. Their expensive garbage coffee won’t sell. You can get better cheaper coffee at many other establishments. I used to be a client, but they lowered the quality of their coffee. They won’t see me at their shops.
Agreed!
They don't have to see you there to sell coffee.
I was at Starbucks yesterday here in Bali.
I get the regular coffee there with creamer and it's fairly cheap. I like it. 💯
Client?😂
@@blackworldtraveler3711 🚨📢 Starbucks fan boy spotted!🚨
I just checked, our Macy's here in Cleveland Tennessee is staying open!!! 👍 Such a beautiful store!!😁
M shutdown.
I live in Southern California. Yesterday at Carl's Jr. a chicken sandwich was $9 and a small coffee was $3. I think because people can no longer afford to go to a restaurant, all the fast food places raised their prices. Capitalism at it's best.
I have a friend who wanted to take a manager position at Amazon in Tennessee, she could not find housing she literally lived in her car while she was there until she couldn't do it anymore and had to leave there's no affordable housing even for a manager in Amazon to even transfer and live in Tennessee that's how bad it is.
Will there ever be a tipping point? What will cause people to refuse such things? Are we waiting on the rich people? Cause that'll never happen.
@@RentFreeInYourHedWe need to make these next 2 years a tipping point like the Italian.
I believe this
Moving takes a lot of money too.
Tell me about it! I just moved two months ago from NM to MO and I'm still bleeding money!
Not in Hawaii. You're literally moving a few miles away on an island! 🤣
Depends on if you are willing to let go of your possessions. The real issue is that the housing market is still high in several areas and so is the rent. Oftentimes moving means paying way more.
While I don't think the economy is well or going in a good direction, I don't think this is the best signal. In the age of the internet, people are just becoming smarter shoppers and can easily find similar items at these stores for better prices through ecommerce offerings.
I just had an experience today where I went looking for something at my local comic book store. they didn't have it and couldn't order it. I said "I'll look online" and the owner said good luck in a way like "it'll be hard". 15 mins later I had what I wanted shipped to me for free. So until local stores can compete with that there's no future for local stores, you can't provide a worse experience to online for folks, it's just reality. Online tends to be cheaper too. it's the kiss of death for the old model whether you like it or not.
I live 25 minutes or more away from everything and seems like the stores are out of the stuff I need is a crap shoot so why bother I just buy groceries at the store the rest is all online
Comic book store? Those still around ?
Depends on what your buying
These brick-n-mortar idiots complain that they can't compete with "the internet" instead of using the internet to sell to the world. It's the greatest sales opportunity generator since ships were invented and I don't feel sorry for anyone who goes under because they refuse to adapt and compete.
Online retail is bad !! Just remember when your comic book store closes it was partly your fault , those fun times surfing for comic book no longer exists !! Bye bye ..
I was just at starbucks there was a lot of people on laptops with no coffee cups, it true they had a whole table each for 1 person.
Free WiFi 😀
Moving costs are very high right now.
Not only that the price of houses are still sky high in many parts of the USA. Rents are also still quite high.
Sell all your large items and buy new stuff when you get there, more cost effective
Ya, the idea is to sell all your stuff first. This can take a year or two.
TOM ,rent a truck!!! Or sell your junk ! Hahaha
@@Ziegfried82Yeah we know, and it sucks and continues to suck !! Hahaha
Macys has been closing stores for years as the retail apocalypse has affected malls the most.
Over priced Shopping Mulls beautiful places to spend money!! Back in the Dynasty days !!! Hahaha
The way people buy things had changed. Why drive to a store, find a place to park, choose from a limited selection, when you can select from dozens of similar products and have it arrive the next day?
Change is change.
M shutdown.
I got a cappuccino machine for Christmas so make my own now. Much cheaper.
How much do you charge ? Hahaha
I would rather drive 5 minutes down the road and shop in person than buy online and pay stupid shipping charges.
Can't believe Kohl's is closing down. I go there once or twice a decade.
A $50 gift card might get you a tee shirt.
That's why, you didn't go enough !!! Hahaha
Job relocation simply isn't an option anymore for most. Corps pull a fast one all the time like rescinding offers like coinbase. Relocation is also not cheap and usually job relocation is to expensive metro where ur money does not last
Always someone to take your place.
If you are offered a promotion, you'd move, fool. I know you would. 🤣
Generational institutions that were designed for marketing and investments for the tech industry !!! High paying and short-term careers !! Wounder what's next !!
Both owned by Vangaurd / Blackrock. What more do you need to know. Standard MO.
M shutdown. All asap.
No one‘s gonna miss either one of those places the days of shopping malls are over with Macy’s and Kohl’s are just like Sears and JCPenney‘s. They’re all old dinosaurs. I would say within the next 10 years most shopping malls across America will be closed or shut down everybody does their shopping online.
Drone delivery is the way of the future. Online shopping and delivery via drone. It’s already available in China.
Hong Kong, Dubai and China are decades ahead of the United States.
M shutdown.
When i worked at Macy's 2008 to 2018 they where loosing business then. When they closed down their bridal registery in 2020. Lack of big weddings due to cost. Less marriages and brides could careless about china patterns. Now its all done online by other vendors.
Macys executives got to lazy and greedy and only cared about their bonuses and then they did about us, their employees. They are becoming antiquated. 😢
M shutdown.
I don't know anyone under 40 that shops at Macy's. Who is their target customer? The company is doomed no matter what they do.
They have nice stuff and deals,look at jcpenney they reworked there store model to cater to young women and kicked out the fat old gals,well the young ones didn't have the money the old women had the money and now they don't shop there.
Old lady's spending their husband money!!! Hahaha
I'm 47 (obviously older than 40) and shopped a lot at Macy's in the 90s. However, haven't even been there much at all over the past twenty five years.
M shutdown.
Kohls used to be my wifes favortie store, Kohls destroyed that, mainly cause they carry garbage now and nothing she needs.
Thats what wrong with Kohls, and why they went to Cht.
This bad economy is going to get A Lot Worse.
This is worse !! Younger generations have absolutely no clue what has happened to America !! Sorry...
I have worked at kohls during winter breaks. I would say a big part of retail losing money is due to their return policies, I would see customer return clothes that they have definitely worn and tags off the merchandise and we would have to accept the items and damage them out. I asked the manger why are we returning the items they have been clearly worn, she stated to make the customer happy. the customer was returned 500 dollars back to her credit card.
Store closing are jobs lost. We cant continue to go down this road
When I was a teenager, that's where you went for a job.
Our small Illinois town has just been "targeted" by two huge retailers, Hobby Lobby and TJ Maxx. And the weird thing is people here are just besides themselves with glee.
Snobby Lobby is pretty cool if you're an artistic type.
Hahaha, it's just stuff you don't need !! I call it "E J",expensive junk ha ha ha, don't get suckered in ! Save for a cruise!!! At least you're having something to talk about !!! Hahaha
I saw a guy at Starbucks today, no iPhone, no tablet, no laptop. He just sat there, drinking his coffee - like a psychopath.