"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins. "Give me control of a nation's currency, and I care not who makes its laws."- Mayer Amschel Rothschild.
Well as a former retail manager with 25 years in experience I can attest to the concept that theft is definitely detrimental to the industry I think anybody with some common sense can see that. however I can also say that here and there you do get a spike you can get a decade where Seth does increase after all compare the time from 1965 to 1975 and you will note that there was an increase especially as you move through the 1970s. but I can also say that overall The theft levels that we're dealing with today and perhaps the past few years is across the board really no more than it was 8 years ago, Yes of course you can there again end up with a spike in that for instance okay so Chicago was already running a higher rate of theft than say Columbus Ohio right it's a bigger city there's a lot more shit to steal and there's a lot more people to do it so one would automatically assume that it was a higher theft rate. but of course if all we focus on is Chicago New York Los Angeles other assorted big cities then basically that skews the overall national average especially if you try to compare it to say an outskirt of Columbus Ohio some Podunk ass town like mine that's literally 33 mi Northeast of Columbus Yes the theft rates in my town has definitely increased there's no shit about it but it is not the root of the retailers problems is basically what I'm trying to tell you. it certainly doesn't help but it is not the big bearing on their business that some of them would have you believe it was only a matter of time before the CEOs would get on TV or some other news outlet situation and would start lamb blasting the public with well the theft is too high they have to in order to explain away why they're closing stores some stores I don't doubt have a higher rate of theft and it probably has greatly contributed to the detriment of that particular location I'm not denying that however we have seen this only to then turn around and see that the company built another store literally a mile away. I mean if you ever wondered why this whole scenario has gone political? Well I can tell you why it's political simply because it's always been political retailers are something that the common person sees everyday even if they don't ever shop a certain store that's in their area they may know if it's existence so when you get store after store folding up I mean it really looks like their worlds being dismantled somebody's going to have to come up with an explanation why that is and that explanation needs to be something that everybody can believe in and it doesn't even have to be the core of the truth it doesn't even have to be in the ballpark of being the truth. the truth behind most of these closures is simply the retail industry is in contraction because it turns out the population is in contraction in terms of income there's a fucking income deficiency across the population that by the way has raged for over 20 years it's just simply yeah 20 years ago you might not have noticed it so much but it was there and it was growing every year You're over a year it gets worse and worse and worse eventually you get to where we are. last decade they tried to explain it away to the population of stupids by blaming the internet A lot of people ate that shit right up because they're not logical. to look at that blame game logically would simply be to actually know that if they blame the internet they're technically blaming themselves simply because well they are the internet they have been the internet All these fucking retailers have had a website since the mid to late '90s with the capability of shipping to your door or you would go down to the store and pick it up nothing's changed folks so they don't really get to blame the internet that is just a bullshit excuse it's a way for bad management to explain away that they fucked up without taking any actual responsibility Well at the same time it provides your politicians with a nice cute little cover story so they don't have to talk about how You're all going fucking broke. some professions have cut hours over the years but I can say in terms of factory and warehouse The big push for 10-12 if not even 14-hour work days basically was underway by the time you get to 2006 it was really hardcore pushed post 2008 inflation comes in different forms it's not always just a pure monetary squeeze at the cash register it's literally things like higher taxes increased work hours yet notice how the benefits of those extra hours aren't really fruitful how much are you working versus how much do you actually get to collect for that overtime worked because of what you must pay out in taxes which is exactly why most of us refuse to do it... eventually the hours worked mean nothing because the wage paid per hour means nothing in other words if you made $14 an hour 20 years ago you're now going to have to work double that time on $14 an hour just to have even 25% of what you used to have That's one hell of an inflation rate you don't think that that wasn't going to catch business because it has we've been on an inflationary trajectory for a very long time none of the shit is new. so a lot of people see through the blame the internet argument given that the internet online retail sales only make up 8 to 10% of all retail sales at any given time meaning 90 plus percent of all retail sales still actually happen at the brick and mortar environment The reason for the downturn folks is simply nothing more than an income deficiency Even if you got a serious spike in theft Yes it would definitely be detrimental no shit but it is still not the route of the problems that the company faces any company you have a situation where the customer base across the board is going broke and or are already broke you have a situation to wear all of these companies Walmart included has in the past 15 to 20 years decided they're going to take on a shitload of debt Well guess what The customers can no longer pay their bills for them The chickens are going to come home to fucking roost pal. you know this is it people used to blame Walmart now Walmart even got in on the bullshit of blaming the internet a few years ago Well they're getting people saw through it so now they all have to blame theft it makes logical sense like I said I could see why people buy it it's not entirely wrong The problem is when you look at it on the bigger scale of things no no it's a BS excuse it's given to you is a means of explaining away why your local store is shutting down.
All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.
In retirement, safeguarding your wealth against inflation is essential. Consider options like TIPS (Treasury Inflation-Protected Securities), commodities, or foreign currencies to hedge against a weakening dollar. Diversifying your portfolio with global real estate, international bonds, or high-quality foreign stocks can provide additional protection and growth opportunities in an inflationary environment.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Jennafer Beaver Turner for about five years now, and her performance has been consistently impressive. She's quite known in her field, look-her up.
I just copied and pasted Jennafer’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
Red lobster wasn't about the shrimp. Red Lobster used to own the land they were on. Hedge fund bought them, split the land and the building into 2 companies and now charges each restuarant unaffordable rents.
Probably got a golden parachute in the process. like the rest of these CEOs who failed to do their job: keep the company profitable enough to keep the company going. They all talk a lot of bull to their employees about caring and behind the scenes they already gave up.
O LIKE THE CEOs TOOK A SALARY CUT ✂️ !!! SAD THESE BUSINESS COULDN'T HANDLE A YEAR AND A HALF DOWNTURN!! I HAVE ALWAYS SAID 95% OF PEOPLE IN BUSINESS HAVE NO BUSINESS BEING IN BUSINESS!! TRAINWRECKS TRULY!!
Well the funny thing is most of them were not actually shut down and further news most of these companies were having problems before the Rona bullshit The bullshit probably didn't help on the other hand through that year and even a year or two after a lot of these companies were reporting that they were making hand over fist money during the bullshit... but of course in the case of party City we must look at it very logically they sell one kind of item basically everything to do with party I mean that's a very small niche within retail and oh by the way Walmart Dollar stores Target I mean there is a whole array of places that carry that shit and there's varying degrees of prices out there some of which especially back when the Hallmark stores were still a thing was probably on par with party city's prices The dollar stores of course would be on the cheaper end of those prices in Walmart would be modestly towards the middle... so to be honest I am a bit surprised that they kept it going for 40 years but then again we've lived in a world where there are the types particularly within the middle and upper middle class also preppy types that they want to go to the official store this is how a lot of people chose to blow money Well that works until it does and you know what we're past the threshold of it working A lot of people are having to wise up and realize they just don't have the money so they're going to have to just go ahead and deal with whatever they can get down at the dollar store or over at Wally world That's the fucking reality folks meaning companies like party City probably should have went out of business somewhere last decade they most likely was scooting by because they were floating on loans honestly that's most of what exists in the retail space today they're all floating on mountains of debt if they can keep up a certain profit margin and if they can service the debt by a certain percentage then the creditors aren't really going to have a problem with it Life goes on but if those sales slip those profits dip they're done.
People don't understand silver is consumed and there is only a select small number of solely Silver mines left !! its a byproduct of other metals mining. There is less Silver above ground than Gold...it's gone and silver has more uses than Gold. I will advise y'all invest in them, imagine receiving times five (×5) of your investment capital as your return on investment (R O I) in just few days
Sometimes we have to realize, the government is not going to tell you anything about investing your money, so we all have to learn this things for ourselves.
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Mrs Jayden Lindsey" I've worked with her for some years and highly recommend her. Check if she meets your criteria.
WOW! You just mentioned Jayden Lindsey Indeed, that woman has been an incredible mentor to Me, imparting a deep understanding of the economy that I wish college had provided
That's a understatement. There's no such thing as a 99 cents store anymore. Able to dollar store is no longer a dollar store. Everything's A dollar twenty fiveA $1.25 cents. Or is $5 even like 5? Below is no longer 5 below. It should be 5 above. That's what they should call it. And people still believe you. Things are cheap. It's not, it's 5 above. Just like the dollar store, it's $25 that's what it is.
@Ioncandi We know I'm 20 my friend. The stuff that you can still get cheap in those fake dollar stores. It's stuff that is cheaply made and guess what? It's made in China of all places.
It is at least two and a half years on. Departments don't slow down, they stop. And currently there doesn't seem to be any sign of a change in the trend. I've been in the food business for over a half century and it has never been like this.
While the CEO of any of these chapter 7 companies escapes to Belize and lives like a king very cheaply and free from expedition from authorities for business fraud!! TRUE,MY FRIEND!!!
The inflation rate is 2.7%. Let's stop blaming that. Most of these bankruptcies are due to mismanagement (overleveraged and too much expantion) and greed.
Well most of these bankruptcies really are due to mismanagement and mostly income deficiencies across the population however I can certainly say that the inflation rate is much higher than that if you believe those numbers then you still have rocks in your head!
Eventually when the wealth gap widens to climax this is natural. Enough money has to flow in circles to keep things running. This is basic economics. The unlimited government spending these last years just brought it faster. The middle class workers with education and experience should not have to go on food stamps.
This is a timely and appropriate video. This channel mentioned some of the troubled retailers earlier this year, like Big Lots. Sure enough, it's going out of business. I want to know who is going to replace the retail locations that are closing. They all can't be made into condominiums or Federal or State office locations.
Good for Red Lobster! This Army veteran Captain 2017-2019 Afghanistan went in and asked : do you have any Veterans Day specials? Between my Army, dog tags, and military ID , they said, let me ask. Individual came back and said: only for current veterans! I said: if they are current, then they are stateside, and not being shot at every week if not every day, like I was in Afghanistan!
And not really offering any special deals. Places like Big Lots! are not drawing any interest. Their stuff is not cheap. And their greed continues with only offering "up to 20% off" during their going out of business sales. Place sucks.
but then there is old timers that had five and dime stores and you no damn well that they had to walk uphill both fucking ways man! what ruined those stories was everybody got tired of walking uphill both ways it fell out of favor because the younger people introduced flat ground! damn young kids and they're flat ground what do they know?
By the way, don't forget red lobster. They are also closing down older stores. I've not seen the red lobster anyway. Now see 1 or 2 of them empty. Not to mention Boston market as well. That stores are closing down. They just appear in as well.
Well a lot of these companies and I will say especially Red lobster which I managed to get a little bit of insight on them My mother has worked there for oh my God almost 26 years or better now... but the thing about them is simply like most businesses in existence particularly the big names they had a time of wild expansion and of course that was when times were better or at the very least perceived to be better in other words they build out all of this shit for an economic time that no longer exists. and part of the trouble with this is simply they've been paying leases on locations for far too long that frankly or money losers The problem is simply you don't really just close the door and walk away you still got to pay the rent. so I think what a lot of these companies are doing when it said that they're closing older locations is more so in reality they are just allowing the leases to run out on certain locations and so they're in the process of winding business down family Dollar is basically doing that there's a company that's overbuilt from hell and it's a management nightmare at this point they've been for sale for several months now and they have yet to come close to finding a buyer Dollar tree which is who owns them they don't really care to do shit with it I mean they've attempted there's a few changes but really they have already pretty much come to the conclusion that they cannot manage this it's just simply too big and it's riddled with all kinds of profit problems in pretty much all areas of the business so they're desperately trying to sell it but it's going nowhere fast and so in the process to try and reduce the size of the company especially without causing alarm they're just allowing leases to run out on locations this is quite the common tactic within the past few years.
Years ago when these businesses were being built up money was heavily put back into the business itself. These days they swap out CEO's from other companies & build their own wealth
Big Lots stopped being the a store I always went to when I was "in town" many years ago. I used to go there for the eccentric variety of stuff they had (and decent prices) and I just wasn't seeing that any more. I was down to maybe twice a year going in there. Locations are either 50 or 130 miles away so it wasn't worth going out of my way for it. Recently though, I got what was probably an algorithm generated email discount code that didn't even mention the shutdown... so, as I was going to town, I stopped in and that was when I saw the STORE CLOSING signs. I don't even know if the discount code I had printed out and which they scanned even worked, I hit the button for an email receipt but I never got it. Instead the algorithm sent me a Customer Satisfaction Survey. Yeah, like I'm ever going back there...
Big lots screwed itself by getting into the furniture business I mean early on last decade 2010 2011 it was pretty much widely reported then that you know what not even furniture stores can sell furniture so Big lots was stupid for getting into that because basically what it did was take up square footage that could have been used to sell other items and because it sat there and didn't have a high rate of turnover especially at the prices they were demanding then it basically forced them to raise prices throughout the rest of the store to compensate if you ask me they died because they got into furniture and their prices went nuts as a result nobody's going to pay Walmart prices at Big lots and by the way that's a common thing that is said they failed to listen. of course bad management is never going to take any responsibility they're going to blame the internet they're going to blame all kinds of other shit but they're never going to take any responsibility.
Red Lobster didn’t fail because of the “endless shrimp offer.” Rather, Red Lobster is captive to “market price” of fresh fish. Diners do not always want to pay high prices. When I was working in my traveling job, loved the brand. Now, in retirement, affordable Olive Garden is adequate
Well LL flooring is a prime example of what I had talked about in previous comment and that is simply that in every niche of retail The market is oversaturated All of these companies were able to build out based on better times or at least perceived better times now the market is oversaturated and market share is shrinking they just simply can't make it so it's not exactly retail apocalypse so much as it's oversaturation in a market environment that just can't be supported Yes the root cause is definitely an income deficiency across the population but it's the end of the day if you don't have those incomes out there that can support the entire industry then yeah there are those within that industry that are going to disappear it's only natural.
Well I can say that the curious case of Conn's is something that is not only currently being replicated but going forth you're going to see more of that and that is simply that they will not be able to seek a buyer that they will be forced to liquidate what inventory they can to the public they may be able to get other companies to show up and buy certain amounts of leftover inventory but overall it's quickly becoming that there is no one to liquidate to. A lot of people have complained within the past year or two of these liquidation sales that many companies have put on as their exiting business and they have complained that it's not really a closeout sale at all that they're still trying to extract maximum cash out of everything versus just getting rid of shit and I can say that yeah I've seen it myself that you would think they would have deeper discounts but in reality it's a fake sale meaning they're stuck with all this inventory what happens to it? I mean it occurs to me that you know somewhere in the next 10 to 20 years somebody's going to happen across the warehouse or two and they're going to go holy shit That's Big lots stuff Big lots apparently filled this warehouse if not a series of warehouses and exited business and no one claimed this shit I wouldn't doubt if you get RUclips videos somewhere in the future of RUclipsrs going into these abandoned locations and they find that the back of the store is Chuck full of inventory much like a bunch of curious cases of Ames that's a common theme throughout the abandoned Ames exploring videos. I mean there's basically no one left to liquidate it to because they're all in the same boat yeah there is a problem with some items coming up short but overall there is still a huge bloat within retail and it's being vastly exposed has a lot of these companies exit the marketplace and they have nowhere to dump their remaining inventory like I said some other companies will show up and buy so much of it but a lot of those companies are going to be very cautious as to how much they do purchase after all logic dictates that if that company couldn't sell it even at a cut rate price what the hell makes you think you can? so I look for this to be vastly replicated.
At earlier points, some of this was speculation, and some business's were not widely known. A majority of these are long established and well known. Sad.
Well longevity doesn't guarantee profitability especially when they are saddled with debt I mean you know they're such thing as an income to debt ratio and if your debt is as high if not higher than your income then all your money's going to be spent trying to pay that debt basically you're making interest payments so that's what we call servicing the debt That's all you're really going to be able to do meaning you might end up in a situation to where you're going to have to borrow even more money just to cover payroll at that point you're insolvent it's time to go under. but this is the huge problem A lot of these companies frankly should have bit the dust 10 to 15 years ago most of them if you look at their finances they've only managed to stay open through lines of credit you know they just was in a position for whatever reason that they could go on borrowing and borrowing huge sums of money A lot of these joints should have fold up shop long time ago but they didn't they kept on borrowing because they were allowed and of course what that allowed for also was a money extracting operation at the top of the company ever wonder why the corporation is going broke ever wonder why it's saddled with debt yet the CEO and other top executives get millions of dollars in cash bonuses Well that's exactly why.
Well actually I can say that chains like Joanne's honestly I hold a positive view for them simply because you know what a lot of people really are turning to things like sewing and craft making some people are doing it is basically a sideline of money if not possibly their main job especially retail workers and restaurant workers that know how to do those projects and their main job has solid decline in hours. but then there's plenty of folks that are just resourceful if not you know homemakers that they seek to make a lot of their own clothing curtains etc so I can say that there is a lot of hope for Joanne simply because as things take more of a shit people will gravitate towards doing what they can for themselves. that said I can also say that yeah they are at high risk simply because if they get the prices wrong in terms of too high they're going to price out most people that would be interested in doing that stuff for themselves in other words if the cost per yard on most material is to hide that it would defeat the purpose of the home gamer busting out the sewing machine and making whatever project themselves this is something that could easily affect hobby lobby or any other type of craft store. and I will say that a lot of items within those stores aren't exactly cheap so they do walk a fine line but on the other hand you have the home gamers that make things regularly for other people and they sell those items those are the folks that will clean up and for now they may be able to bear the cost so as long as they can keep that mutual price structure going then I think they will be able to maintain a decent volume of sales and it would provide a general benefit to any given community.
Maybe Mr . $100,000,000 man (Obama the Magnificent ) can pick up the slack . He's always in need of more underpaid and overworked servants for his vast D C , Hawaiian and Martha's Vineyard estates .
Well and then I can also say that another common theme throughout the demise of retail is a liken to Bob's... and that is notice the states and areas what not that he rattled off that they function in... those are high tax high cost areas so states that it costs more to do business in that already commands that your base prices are going to be higher anyway and then of course you have all the other shit piled into that, that also would raise prices shipping costs etc. so the cost of doing business just normally is one thing but you go and add the high cost of just simply being located in a certain state a certain area that also commands its own set of high costs piled on top of the regular cost it does make it less likely that a lot of businesses would survive that because the business is not the only things it's trying to mitigate the high price of survival The customer base is literally trying to do that so even though the customer base for multiple decades has enjoyed a store like Bob's the problem is they're also kind of morph so forced to check out what Walmart has first because their cost of living has also increased in an area that has always technically maintained a high cost of living every item that the customer would purchase in another store is basically that amount of money that a company like Bob's does not get Bob's response over time has probably been to raise prices it's one of the few things they can do The problem is once you start down that road then you're limiting who really can shop there then you get into the business if you have to try and sell the brand to the public as something exclusive the problem is simply when the public gets there and realizes that you're not carrying anything super spectacular and that you can shop Walmart for like 30 to 50% less You're done. this is a trend that I see being replicated a million times over and it may vary from city to city within a state I live in Ohio so I can certainly say if a company has a location in Zanesville and their sales are pretty decent they're going to do okay in that location but if they head over to Columbus where the cost of doing business is much higher plus the taxes everything else no that can cause problems and so if it's a chain of stores when they go to close down for example the Columbus or Dayton or even Cincinnati locations it's going to take the Zanesville location with it simply because then you run into the situation where it doesn't make any sense to run a truck full of goods clear out to Zanesville when all the other locations in a 200 mi radius is literally losing money due to the high cost of doing business you're better off to just shut operations in the entire region and that's basically what's going to happen.
Who is going out to eat oily, sugar and salt laden food made by strangers...disgusting old vegetables and overheated electronic products in corporate retail stores?...not happening anymore.
We've had plenty of businesses close this year in our area-Big Lots, 99 Cents Store (that one I shopped at since 1997), Party City, banks have closed too.
I'm not seeing big lots of ages. There's no, no note where I am. I aint seen no big lots of stores none whatsoever, I'm surprised I'm not all gone yet.
well "fast fashion" ought to really be called fly by night fashion. I mean these types of stores are the typical type of stores that occupied malls you know what since the '80s I mean I'm certain there's was incarnations of them in the '60s and '70s but when I think of fast fashion and the typical mall type of store I would think something like Debs fashion bug plus PacSun would be of a newer variety and then of course why not express. but just like malls have fell out of favor you don't think that these retailers haven't? I mean it's so fly by night. I mean those stores are literally set up to screw you on the price and they might have a brand or two under their control or at least that they've contracted with but are those brands really worth a shit I mean it's all Chinese manufactured crap so it's not really anything super spectacular that you couldn't go to Target or Walmart and purchase and for the few people within the public it sink that it's great to buy from those stores Well they are nowhere near being representative of the majority of the population no matter the age group so for the six preppy teenage girls out of any given junior high or high school that want to go to stores like this Well they're not representative of everyone in the school people really just don't care. I mean why spend 40 bucks on one damn shirt when you can get an array of shirts for 40 bucks over at the common retailer?? to be honest that is becoming the fashion is simply what kind of a good deal can you get and how much quantity can you get for the cheapest price people don't want to believe that that's becoming fashionable amongst young people but it is everybody is more than aware of it it's not maybe necessarily totally about saving the money for them it's more so that your money goes farther you get more of a variety and they like variety customers always like variety. so basically those stores part of the reason I call them fly by night is because they're limited as to what they carry and no it's not because evil Walmart is clamping down on them and hogging supplies no it's simply they purposely set up a fucking rinky-dink store and they have selected on purpose only a certain amount of shit and only a select couple of styles to carry they're inherently set up to be limited.
Well I do think that more retail bankruptcies are on the horizon we're not out of the woods we never were. The reason being is because you know look I think a lot of the companies that are just now coming around to shutting their doors Well frankly a lot of them shouldn't have existed for this long anyway most of them should have literally bit the dust last decade The only reason why they didn't is simply because idiots kept lending them money That's the only real reason why half of them exist. and currently there is a lot of businesses that are living that very thing out that they basically should be out of business today but they're not going out of business today that will happen at a later date because for the time being they can secure enough credit to tide them over they can still go on pretending you know when you end up with that bad quarter and that does at first touch something off and you start this ride down early on you know say the first 6 months to perhaps a year and a half into that you can definitely hope that you can turn the ship around I can understand that you would at least attempt. but I will say that you know what you get beyond that year and a half that two and a half year mark anyway and when you sit there and realize that you're borrowing even larger sums of money because you're losing even larger sums of money when the whole thing got started You're out of business you had might as well pack it up and leave but they don't they don't because bankruptcy allows them to discharge a fair amount of that debt and in the meantime the executive types can sit there and pay themselves stupid amounts of wages and extra assorted benefits that that's the only real reason why the charade is kept up it's the difference between a small business owner and the larger corporation. The small business owner he might be able to play the credit game for 5 minutes but eventually his financiers his bank is going to tell him no they're going to say no Bill you have to liquidate your fucked there is going to be no magical turnaround. The corporation on the other hand the financiers the banks etc will sit there and say yeah why not we'll give you another 300 million maybe this will turn around but of course that's based on you know they have more than one location they operate in probably more than one state or at least more than one town considering the smaller chains they basically have more to mortgage so that's why they get the funding The problem is simply have the bankers lost their fucking minds I don't care if they've got 300 locations it's either you really can turn this ship around or you can't and I would think that some basic due diligence of any of these companies books and market forecasts would cause the credit market to seize and that would be the end of the story for most of these places but somehow that hasn't happened yet. I do believe that that is on the table to happen I think that going forth the credit tightening will occur and I do believe that it really will hit retail in a major way and you know look you know you get I don't even think we have to wait two years but if you want to look at it on a scale of 2 years I say you get somewhere in close proximity of 2 years out if not 2 years and 50% of the commerce that exists today privately owned big or small in any given town any given big city it's gone it's closed there is no replacement we're already seeing that now whatever your town has in terms of businesses the variety of stores once they close they're gone it's not coming back there is no fucking replacement so if you lose a TJ Maxx or a Marshalls you're fucked there is nothing like it that's going to show up whatever you have available to shop at now big city small city crap city does not matter when it closes it's gone... personally I think that that is one of the bigger differences between today and frankly even last decade last decade everybody talked about the retail apocalypse but there was still a certain amount of replacement rate you know JCPenney would shut down in one town and here come the Marshalls and it would somewhat take its place right Well we don't have that now that that company is not really out for that market share of course TJ Maxx Marshalls which is the same company has basically been falling back The entire damned industry of retail is in contraction they're all scrambling to somewhat reform their business model I mean there's more to it than just that but we'll save that for another day...
Well in the case of the body shop and other specialty stores not just for makeup or clothing but even in the curious case of party City I mean when you focus on one type of product or a series of products that's within one genre you're already inherently limited and then when you position yourself in expensive locations such as malls and then those areas fall out of favor and you end up with less customers well your costs run wild and you know look when you're trying to sell somebody a thing of lipstick for you know 8 to 10 fucking dollars okay you've crossed the line you're done. trends and fashions have changed people still use makeup yes but I think it's less than it would have been say a couple of decades ago. I mean there are those who walk around and have the big bullshit banter that people don't really care the way they look anymore or something like that Well you know okay so there might be some people but no in reality most girls or women they pretty much just do the face cleaning stuff they might put on some basic amounts of makeup but for the most part it's not the big deal it once was from what I've gathered how do I know even though I'm a man? Well simply because I'm a man and I happen to look at the female of the species and well I make natural observations I mean that's just how it works. I mean you're preppy types your cheerleader types the types to be in some sort of stupid fashion club within the high school environment okay yeah they might be all about this stores but they are nowhere near being representative of every teenager or person in their twenties I think it's a smaller group than what people currently realize it's one of those things where everybody kind of knows it but then it is something that nobody really thinks about on a regular basis because most people have tuned those type of people out long time ago but when a topic like this shows up then yeah they do happen to remember that it's a very small group of people that's into that shit.
!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
"Give me control of a nation's currency, and I care not who makes its laws."- Mayer Amschel Rothschild.
True
The managerial demons damaged America more than Hitler could even dream of.
Yet we live in a society of brainwashed statists who think voting matters.
How one individual can take control over currency in 19th century?
Mass illegal migration and a crime spree in shoplifting hasn't helped your economy.
Facts don't exist in your world.
Crime rates are at all-time lows and only went up during Trump's presidency
Well as a former retail manager with 25 years in experience I can attest to the concept that theft is definitely detrimental to the industry I think anybody with some common sense can see that.
however I can also say that here and there you do get a spike you can get a decade where Seth does increase after all compare the time from 1965 to 1975 and you will note that there was an increase especially as you move through the 1970s.
but I can also say that overall The theft levels that we're dealing with today and perhaps the past few years is across the board really no more than it was 8 years ago,
Yes of course you can there again end up with a spike in that for instance okay so Chicago was already running a higher rate of theft than say Columbus Ohio right it's a bigger city there's a lot more shit to steal and there's a lot more people to do it so one would automatically assume that it was a higher theft rate.
but of course if all we focus on is Chicago New York Los Angeles other assorted big cities then basically that skews the overall national average especially if you try to compare it to say an outskirt of Columbus Ohio some Podunk ass town like mine that's literally 33 mi Northeast of Columbus Yes the theft rates in my town has definitely increased there's no shit about it but it is not the root of the retailers problems is basically what I'm trying to tell you.
it certainly doesn't help but it is not the big bearing on their business that some of them would have you believe it was only a matter of time before the CEOs would get on TV or some other news outlet situation and would start lamb blasting the public with well the theft is too high they have to in order to explain away why they're closing stores some stores I don't doubt have a higher rate of theft and it probably has greatly contributed to the detriment of that particular location I'm not denying that however we have seen this only to then turn around and see that the company built another store literally a mile away.
I mean if you ever wondered why this whole scenario has gone political?
Well I can tell you why it's political simply because it's always been political retailers are something that the common person sees everyday even if they don't ever shop a certain store that's in their area they may know if it's existence so when you get store after store folding up I mean it really looks like their worlds being dismantled somebody's going to have to come up with an explanation why that is and that explanation needs to be something that everybody can believe in and it doesn't even have to be the core of the truth it doesn't even have to be in the ballpark of being the truth.
the truth behind most of these closures is simply the retail industry is in contraction because it turns out the population is in contraction in terms of income there's a fucking income deficiency across the population that by the way has raged for over 20 years it's just simply yeah 20 years ago you might not have noticed it so much but it was there and it was growing every year You're over a year it gets worse and worse and worse eventually you get to where we are.
last decade they tried to explain it away to the population of stupids by blaming the internet A lot of people ate that shit right up because they're not logical.
to look at that blame game logically would simply be to actually know that if they blame the internet they're technically blaming themselves simply because well they are the internet they have been the internet All these fucking retailers have had a website since the mid to late '90s with the capability of shipping to your door or you would go down to the store and pick it up nothing's changed folks so they don't really get to blame the internet that is just a bullshit excuse it's a way for bad management to explain away that they fucked up without taking any actual responsibility Well at the same time it provides your politicians with a nice cute little cover story so they don't have to talk about how You're all going fucking broke.
some professions have cut hours over the years but I can say in terms of factory and warehouse The big push for 10-12 if not even 14-hour work days basically was underway by the time you get to 2006 it was really hardcore pushed post 2008 inflation comes in different forms it's not always just a pure monetary squeeze at the cash register it's literally things like higher taxes increased work hours yet notice how the benefits of those extra hours aren't really fruitful how much are you working versus how much do you actually get to collect for that overtime worked because of what you must pay out in taxes which is exactly why most of us refuse to do it...
eventually the hours worked mean nothing because the wage paid per hour means nothing in other words if you made $14 an hour 20 years ago you're now going to have to work double that time on $14 an hour just to have even 25% of what you used to have That's one hell of an inflation rate you don't think that that wasn't going to catch business because it has we've been on an inflationary trajectory for a very long time none of the shit is new.
so a lot of people see through the blame the internet argument given that the internet online retail sales only make up 8 to 10% of all retail sales at any given time meaning 90 plus percent of all retail sales still actually happen at the brick and mortar environment The reason for the downturn folks is simply nothing more than an income deficiency Even if you got a serious spike in theft Yes it would definitely be detrimental no shit but it is still not the route of the problems that the company faces any company you have a situation where the customer base across the board is going broke and or are already broke you have a situation to wear all of these companies Walmart included has in the past 15 to 20 years decided they're going to take on a shitload of debt Well guess what The customers can no longer pay their bills for them The chickens are going to come home to fucking roost pal.
you know this is it people used to blame Walmart now Walmart even got in on the bullshit of blaming the internet a few years ago Well they're getting people saw through it so now they all have to blame theft it makes logical sense like I said I could see why people buy it it's not entirely wrong The problem is when you look at it on the bigger scale of things no no it's a BS excuse it's given to you is a means of explaining away why your local store is shutting down.
@@Support_Ad_Blocker As you live in a fantasy until you realize the comment is relevant and it's too late for you.
Really@@American-Motors-Corporation
All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.
In retirement, safeguarding your wealth against inflation is essential. Consider options like TIPS (Treasury Inflation-Protected Securities), commodities, or foreign currencies to hedge against a weakening dollar. Diversifying your portfolio with global real estate, international bonds, or high-quality foreign stocks can provide additional protection and growth opportunities in an inflationary environment.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions.
Consider a similar approach.
This sounds promising! Do you have any professionals or advisors you could recommend? I really need help with proper portfolio allocation.
Certainly, there are a handful of experts in the field.
I've experimented with a few over the past years, but I've stuck with Jennafer Beaver Turner for about five years now, and her performance has been consistently impressive. She's quite known in her field, look-her up.
I just copied and pasted Jennafer’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
1.)Party City
2.)Big Lots
3.)American Freight
4.)LL Flooring
5.)99 cents Only
6.)TGI Friday's
7.)Rubio's Coastal Grill
8.)Red Lobster
9.)Tijuana Flats
10.)Express
11.)rue21
12.)Joann
13.)Conn's
14.)Bob's Stores
15.)The Body Shop
Most of these stores aren't even in my area. The ones that are....who cares? Red Lobster? I thought that dive folded years ago!
Thank you for the list!
Nothing of any value.. all the good stores closed for the late 1990s to about 2012
And thousands of mom and pop shops.😔😔
Red lobster wasn't about the shrimp. Red Lobster used to own the land they were on. Hedge fund bought them, split the land and the building into 2 companies and now charges each restuarant unaffordable rents.
Sounds like fuck it policy
Big Lots ceO embezzled 13 million dollars. Nothing was done and now the stores close.
Probably got a golden parachute in the process. like the rest of these CEOs who failed to do their job: keep the company profitable enough to keep the company going. They all talk a lot of bull to their employees about caring and behind the scenes they already gave up.
O LIKE THE CEOs TOOK A SALARY CUT ✂️ !!! SAD THESE BUSINESS COULDN'T HANDLE A YEAR AND A HALF DOWNTURN!! I HAVE ALWAYS SAID 95% OF PEOPLE IN BUSINESS HAVE NO BUSINESS BEING IN BUSINESS!! TRAINWRECKS TRULY!!
Well the funny thing is most of them were not actually shut down and further news most of these companies were having problems before the Rona bullshit The bullshit probably didn't help on the other hand through that year and even a year or two after a lot of these companies were reporting that they were making hand over fist money during the bullshit...
but of course in the case of party City we must look at it very logically they sell one kind of item basically everything to do with party I mean that's a very small niche within retail and oh by the way Walmart Dollar stores Target I mean there is a whole array of places that carry that shit and there's varying degrees of prices out there some of which especially back when the Hallmark stores were still a thing was probably on par with party city's prices The dollar stores of course would be on the cheaper end of those prices in Walmart would be modestly towards the middle...
so to be honest I am a bit surprised that they kept it going for 40 years but then again we've lived in a world where there are the types particularly within the middle and upper middle class also preppy types that they want to go to the official store this is how a lot of people chose to blow money Well that works until it does and you know what we're past the threshold of it working A lot of people are having to wise up and realize they just don't have the money so they're going to have to just go ahead and deal with whatever they can get down at the dollar store or over at Wally world That's the fucking reality folks meaning companies like party City probably should have went out of business somewhere last decade they most likely was scooting by because they were floating on loans honestly that's most of what exists in the retail space today they're all floating on mountains of debt if they can keep up a certain profit margin and if they can service the debt by a certain percentage then the creditors aren't really going to have a problem with it Life goes on but if those sales slip those profits dip they're done.
People don't understand silver is consumed and there is only a select small number of solely Silver mines left !! its a byproduct of other metals mining. There is less Silver above ground than Gold...it's gone and silver has more uses than Gold. I will advise y'all invest in them, imagine receiving times five (×5) of your investment capital as your return on investment (R O I) in just few days
That is true my dear, Investment is the best idea presently and without it, human struggles are worthless.
Sometimes we have to realize, the government is not going to tell you anything about investing your money, so we all have to learn this things for ourselves.
I'm thinking of getting into investing but feel a bit lost and confused. Any friendly advice or contacts you recommend for guidance?
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Mrs Jayden Lindsey" I've worked with her for some years and highly recommend her. Check if she meets your criteria.
WOW! You just mentioned Jayden Lindsey Indeed, that woman has been an incredible mentor to Me, imparting a deep understanding of the economy that I wish college had provided
Big Lots was a glorified thrift store
Me and my friends used to hang at Big Lots lmao
When it was Pic n Save it was awesome.
No it wasn’t
@@Ioncandiconsidering it was never pick and save that was its own company.
@crypto_chick_ Right! They sold tons of stuff, real cheaap.
That's a understatement. There's no such thing as a 99 cents store anymore. Able to dollar store is no longer a dollar store. Everything's A dollar twenty fiveA $1.25 cents. Or is $5 even like 5? Below is no longer 5 below. It should be 5 above. That's what they should call it. And people still believe you. Things are cheap. It's not, it's 5 above. Just like the dollar store, it's $25 that's what it is.
The 5& dime stores became Dollar stores. Dollar stores will become $5/$10 stores, eventually they will become The Arm and Leg Stores.
I can still get cards for 50 cents-$1.
@Ioncandi We know I'm 20 my friend. The stuff that you can still get cheap in those fake dollar stores. It's stuff that is cheaply made and guess what? It's made in China of all places.
I work in the restaurant industry. We are constantly short chefs/cooks as well as dishwashers.
America became only has two classes now rich, poor.
Seems so.
Yes exactly.
The Albertson's Kroger merger fell through. Albertson's is now suing Kroger.
Albertson's has the best fried chicken
The merger failed due to the Feds.
Kroger is a crock of 💩anyway!!
Some of my family members have absolutely no idea
the collapse is accelerating now. I couldnt be happier
😅😅💯
This guy has been talking collapse for 6 years. I am glad that I didn't hold my breath.
Celebration time🥳🥳🥳🎇🎇🎶🎶
It is at least two and a half years on. Departments don't slow down, they stop. And currently there doesn't seem to be any sign of a change in the trend. I've been in the food business for over a half century and it has never been like this.
While the CEO of any of these chapter 7 companies escapes to Belize and lives like a king very cheaply and free from expedition from authorities for business fraud!! TRUE,MY FRIEND!!!
It's free from extradition , though in Belize they could take part in a jungle expedition . Just a minor correction . Cheers. 😁
There is still judgement and a place of punishment for all time.. don’t think they’ll escape it.. eventually all are accountable for their dreeds
The inflation rate is 2.7%. Let's stop blaming that.
Most of these bankruptcies are due to mismanagement (overleveraged and too much expantion) and greed.
"The inflation rate is 2.7%. "🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 Larry...Larry Kudlow...is it you?
Well most of these bankruptcies really are due to mismanagement and mostly income deficiencies across the population however I can certainly say that the inflation rate is much higher than that if you believe those numbers then you still have rocks in your head!
That rate is on top of the rapid inflation that was recently occurring. Inflation rate coming down does not make the price spikes reverse.
@PennsylvaniaPumpkinPie considering it's not actually coming down. tge rate is bullshit.
@@PennsylvaniaPumpkinPie 9.4% from 2022-2023. brandnewham watches too much MSDNC.
you keep saying high wages, but wages have not kept up with inflation since 1971
He must mean more correctly high wages of the ceo, board members giving themselves a raise so often like having a shit
Cheap Chinese stuff at high prices.
Eventually when the wealth gap widens to climax this is natural. Enough money has to flow in circles to keep things running. This is basic economics. The unlimited government spending these last years just brought it faster.
The middle class workers with education and experience should not have to go on food stamps.
I can't help it.
" The Party is over... at Party City."
This is a timely and appropriate video. This channel mentioned some of the troubled retailers earlier this year, like Big Lots. Sure enough, it's going out of business.
I want to know who is going to replace the retail locations that are closing. They all can't be made into condominiums or Federal or State office locations.
Government overprinting usd inflating everything in sight , bills rising no money to go out
Note - Never eat at a restaurant that is bankrupt.
How do you know which ones bankrupt until after the fact
I tend to agree with you. Foods have been old. This happened during the pandemic too. People trying to push their food out the door
Good for Red Lobster! This Army veteran Captain 2017-2019 Afghanistan went in and asked : do you have any Veterans Day specials? Between my Army, dog tags, and military ID , they said, let me ask. Individual came back and said: only for current veterans! I said: if they are current, then they are stateside, and not being shot at every week if not every day, like I was in Afghanistan!
They give me a 10% veteran's discount at all locations and don't hardly ever even ask to see my VA card.
I never went to any of these places, and never even heard of half of them.
Everything that has a beginning has an end
I agree nothing in our society exists anymore.
these companies are failing because of POOR CUSTOMER SERVICE. 🤕🤕🤕🤕🤕🤕🤕🤕🤕🤕🤕
And not really offering any special deals. Places like Big Lots! are not drawing any interest. Their stuff is not cheap. And their greed continues with only offering "up to 20% off" during their going out of business sales. Place sucks.
Absolutely
I might need to stop buying gift cards because I don't know if that store will go out of business.
When I was a kid there were 88 cents stores
Motel 6: a room used to be $6 (and with no bedbugs)
@@Support_Ad_Blocker Use it much?! haha
but then there is old timers that had five and dime stores and you no damn well that they had to walk uphill both fucking ways man!
what ruined those stories was everybody got tired of walking uphill both ways it fell out of favor because the younger people introduced flat ground!
damn young kids and they're flat ground what do they know?
@@Ioncandi Wore out many beds...
@@Support_Ad_Blocker Sowing your wild oats . 😁
Someone said in some stores in usa, maybe Walmart and others are locking meat up with chains and wire cage coverings!!!, is that true??
Mark of the beast system
LOL!!!!!!!!!!!!
I could have seen through that "all you can eat" shrimp promotion realizing it would be a disastrous failure, and I'm a financial dumb ass.
party city was dying lonnng before that pandemic took hold.u need to stop saying that lie
Party City inherited Iparty’s moronic management and managers when they bought them out in 2010! That’s what KILLED Party City!!!
Christmas is over folks, let's get back to the DOOOOOM!!!
The world is about to collapse.
You need Jesus and Bible.
I agree then all the churches will close too.
@@Shazam-yx5up But the churches have tax exempt status . They will stay afloat long after the retail apocalypse is over .
I want Jesus to come back too, but stop throwing your hands up in the air and giving up because of that desire! We still have work to do here.
Cut the commercial store rents and things will be better
We always called it "Dead Lobster".
LOL so did we. I never liked the place but I feel for the employees who depended on those jobs
That's cool and really tough and dangerous times now. Along with parts that would make you or anybody now sad and crying.
By the way, don't forget red lobster. They are also closing down older stores. I've not seen the red lobster anyway. Now see 1 or 2 of them empty. Not to mention Boston market as well. That stores are closing down. They just appear in as well.
Well a lot of these companies and I will say especially Red lobster which I managed to get a little bit of insight on them My mother has worked there for oh my God almost 26 years or better now...
but the thing about them is simply like most businesses in existence particularly the big names they had a time of wild expansion and of course that was when times were better or at the very least perceived to be better in other words they build out all of this shit for an economic time that no longer exists.
and part of the trouble with this is simply they've been paying leases on locations for far too long that frankly or money losers The problem is simply you don't really just close the door and walk away you still got to pay the rent.
so I think what a lot of these companies are doing when it said that they're closing older locations is more so in reality they are just allowing the leases to run out on certain locations and so they're in the process of winding business down family Dollar is basically doing that there's a company that's overbuilt from hell and it's a management nightmare at this point they've been for sale for several months now and they have yet to come close to finding a buyer Dollar tree which is who owns them they don't really care to do shit with it I mean they've attempted there's a few changes but really they have already pretty much come to the conclusion that they cannot manage this it's just simply too big and it's riddled with all kinds of profit problems in pretty much all areas of the business so they're desperately trying to sell it but it's going nowhere fast and so in the process to try and reduce the size of the company especially without causing alarm they're just allowing leases to run out on locations this is quite the common tactic within the past few years.
Very well Authored.
Yeah... the party's over 😢
December 31st disagrees with you
Years ago when these businesses were being built up money was heavily put back into the business itself. These days they swap out CEO's from other companies & build their own wealth
Hey I think you for got one, BT Flooring Solutions, I spoke with an employee they said the company expanded too quickly during covid-19.
Big Lots stopped being the a store I always went to when I was "in town" many years ago. I used to go there for the eccentric variety of stuff they had (and decent prices) and I just wasn't seeing that any more. I was down to maybe twice a year going in there. Locations are either 50 or 130 miles away so it wasn't worth going out of my way for it. Recently though, I got what was probably an algorithm generated email discount code that didn't even mention the shutdown... so, as I was going to town, I stopped in and that was when I saw the STORE CLOSING signs. I don't even know if the discount code I had printed out and which they scanned even worked, I hit the button for an email receipt but I never got it. Instead the algorithm sent me a Customer Satisfaction Survey. Yeah, like I'm ever going back there...
Did not know Red Lobster was a big-box retailer as shown in the thumbnail. I guess I missed out where they sold things besides, um, lobster.
They sold them in big boxes. 😂
Big lots screwed itself by getting into the furniture business I mean early on last decade 2010 2011 it was pretty much widely reported then that you know what not even furniture stores can sell furniture so Big lots was stupid for getting into that because basically what it did was take up square footage that could have been used to sell other items and because it sat there and didn't have a high rate of turnover especially at the prices they were demanding then it basically forced them to raise prices throughout the rest of the store to compensate if you ask me they died because they got into furniture and their prices went nuts as a result nobody's going to pay Walmart prices at Big lots and by the way that's a common thing that is said they failed to listen.
of course bad management is never going to take any responsibility they're going to blame the internet they're going to blame all kinds of other shit but they're never going to take any responsibility.
Red Lobster didn’t fail because of the “endless shrimp offer.” Rather, Red Lobster is captive to “market price” of fresh fish. Diners do not always want to pay high prices. When I was working in my traveling job, loved the brand. Now, in retirement, affordable Olive Garden is adequate
One by one by one… gone!
Will there be more collapse next week?
Doubtful. Walmart doesn't have any 2025 calendars in stock. Do they know something we don't? 🤣
Much more! Keep watching this channel for all the latest updates! 😂
@Support_Ad_Blocker 😅😅
The casinos
People are going to starve and freeze...
Big Lots is shutting down. CVS stores are closing left and right. But Walgreens is happy to pick up the slack.
Walgreens recently filed for bankruptcy protection . Get real .
Walgreens has also closed strores.
Walgreen's stores are outdated and are struggling to spark consumer interest.
Well LL flooring is a prime example of what I had talked about in previous comment and that is simply that in every niche of retail The market is oversaturated All of these companies were able to build out based on better times or at least perceived better times now the market is oversaturated and market share is shrinking they just simply can't make it so it's not exactly retail apocalypse so much as it's oversaturation in a market environment that just can't be supported Yes the root cause is definitely an income deficiency across the population but it's the end of the day if you don't have those incomes out there that can support the entire industry then yeah there are those within that industry that are going to disappear it's only natural.
I hate it for the peasant and the slaves
But When BigLots gonna drop them prices . I'm waiting.
Its a floor...all I do is walk on it...oh well.
gonna miss those tack-ohs
For me Big lots they start charging too much. It wasn't worth it to go in there or I could find it somewhere else at a normal store for the same price
Well I can say that the curious case of Conn's is something that is not only currently being replicated but going forth you're going to see more of that and that is simply that they will not be able to seek a buyer that they will be forced to liquidate what inventory they can to the public they may be able to get other companies to show up and buy certain amounts of leftover inventory but overall it's quickly becoming that there is no one to liquidate to.
A lot of people have complained within the past year or two of these liquidation sales that many companies have put on as their exiting business and they have complained that it's not really a closeout sale at all that they're still trying to extract maximum cash out of everything versus just getting rid of shit and I can say that yeah I've seen it myself that you would think they would have deeper discounts but in reality it's a fake sale meaning they're stuck with all this inventory what happens to it?
I mean it occurs to me that you know somewhere in the next 10 to 20 years somebody's going to happen across the warehouse or two and they're going to go holy shit That's Big lots stuff Big lots apparently filled this warehouse if not a series of warehouses and exited business and no one claimed this shit I wouldn't doubt if you get RUclips videos somewhere in the future of RUclipsrs going into these abandoned locations and they find that the back of the store is Chuck full of inventory much like a bunch of curious cases of Ames that's a common theme throughout the abandoned Ames exploring videos.
I mean there's basically no one left to liquidate it to because they're all in the same boat yeah there is a problem with some items coming up short but overall there is still a huge bloat within retail and it's being vastly exposed has a lot of these companies exit the marketplace and they have nowhere to dump their remaining inventory like I said some other companies will show up and buy so much of it but a lot of those companies are going to be very cautious as to how much they do purchase after all logic dictates that if that company couldn't sell it even at a cut rate price what the hell makes you think you can?
so I look for this to be vastly replicated.
At earlier points, some of this was speculation, and some business's were not widely known. A majority of these are long established and well known. Sad.
Well longevity doesn't guarantee profitability especially when they are saddled with debt I mean you know they're such thing as an income to debt ratio and if your debt is as high if not higher than your income then all your money's going to be spent trying to pay that debt basically you're making interest payments so that's what we call servicing the debt That's all you're really going to be able to do meaning you might end up in a situation to where you're going to have to borrow even more money just to cover payroll at that point you're insolvent it's time to go under.
but this is the huge problem A lot of these companies frankly should have bit the dust 10 to 15 years ago most of them if you look at their finances they've only managed to stay open through lines of credit you know they just was in a position for whatever reason that they could go on borrowing and borrowing huge sums of money A lot of these joints should have fold up shop long time ago but they didn't they kept on borrowing because they were allowed and of course what that allowed for also was a money extracting operation at the top of the company ever wonder why the corporation is going broke ever wonder why it's saddled with debt yet the CEO and other top executives get millions of dollars in cash bonuses Well that's exactly why.
Red Lobster...gunna' miss those biscuits...oh well.
You can buy the mix at the store and make them yourself.
REPENT THE END IS NEAR!!!
Golly you're right.
Well actually I can say that chains like Joanne's honestly I hold a positive view for them simply because you know what a lot of people really are turning to things like sewing and craft making some people are doing it is basically a sideline of money if not possibly their main job especially retail workers and restaurant workers that know how to do those projects and their main job has solid decline in hours.
but then there's plenty of folks that are just resourceful if not you know homemakers that they seek to make a lot of their own clothing curtains etc so I can say that there is a lot of hope for Joanne simply because as things take more of a shit people will gravitate towards doing what they can for themselves.
that said I can also say that yeah they are at high risk simply because if they get the prices wrong in terms of too high they're going to price out most people that would be interested in doing that stuff for themselves in other words if the cost per yard on most material is to hide that it would defeat the purpose of the home gamer busting out the sewing machine and making whatever project themselves this is something that could easily affect hobby lobby or any other type of craft store.
and I will say that a lot of items within those stores aren't exactly cheap so they do walk a fine line but on the other hand you have the home gamers that make things regularly for other people and they sell those items those are the folks that will clean up and for now they may be able to bear the cost so as long as they can keep that mutual price structure going then I think they will be able to maintain a decent volume of sales and it would provide a general benefit to any given community.
Cant afford China import products.
I'm Lovin it..
So says another gleeful and worthless eater .
Don't see
macys on that list!
I always wondered why everyone was surprised about Red lobster who can these days a buttery lobster $30 when chicken is overpriced😂
I worked under Barry Litwin, we used to call him Barry Nitwit…
So what happened to the employees, trump said he would protect workers.
Too late for that😅
Maybe Mr . $100,000,000 man (Obama the Magnificent ) can pick up the slack . He's always in need of more underpaid and overworked servants for his vast D C , Hawaiian and Martha's Vineyard estates .
No more Party! City!
TGI Fridays...never eaten there...oh well.
Big box? 🙄😂
When 4 nuggies are added to a $4 'meal deal' to make it $5:
🎉😂🤔
It’s funny how you could make up stuff on RUclips and scare dumb people with it .”
Well and then I can also say that another common theme throughout the demise of retail is a liken to Bob's...
and that is notice the states and areas what not that he rattled off that they function in...
those are high tax high cost areas so states that it costs more to do business in that already commands that your base prices are going to be higher anyway and then of course you have all the other shit piled into that, that also would raise prices shipping costs etc.
so the cost of doing business just normally is one thing but you go and add the high cost of just simply being located in a certain state a certain area that also commands its own set of high costs piled on top of the regular cost it does make it less likely that a lot of businesses would survive that because the business is not the only things it's trying to mitigate the high price of survival The customer base is literally trying to do that so even though the customer base for multiple decades has enjoyed a store like Bob's the problem is they're also kind of morph so forced to check out what Walmart has first because their cost of living has also increased in an area that has always technically maintained a high cost of living every item that the customer would purchase in another store is basically that amount of money that a company like Bob's does not get Bob's response over time has probably been to raise prices it's one of the few things they can do The problem is once you start down that road then you're limiting who really can shop there then you get into the business if you have to try and sell the brand to the public as something exclusive the problem is simply when the public gets there and realizes that you're not carrying anything super spectacular and that you can shop Walmart for like 30 to 50% less You're done.
this is a trend that I see being replicated a million times over and it may vary from city to city within a state I live in Ohio so I can certainly say if a company has a location in Zanesville and their sales are pretty decent they're going to do okay in that location but if they head over to Columbus where the cost of doing business is much higher plus the taxes everything else no that can cause problems and so if it's a chain of stores when they go to close down for example the Columbus or Dayton or even Cincinnati locations it's going to take the Zanesville location with it simply because then you run into the situation where it doesn't make any sense to run a truck full of goods clear out to Zanesville when all the other locations in a 200 mi radius is literally losing money due to the high cost of doing business you're better off to just shut operations in the entire region and that's basically what's going to happen.
Guess no one is partying anymore...oh well.
Mexican food...I like it...oh well.
I'm gonna go ahead and guess that Doc never took Spanish in high school.
Its the seven year tribulation. Start to catastrophic
Yeah well ok. It might take a while but donnie gonna fix it.
Right?
Every week there is fear porn from this guy about everything is going to collapse and the collapse has begun yet nothing happens.
It is in my area
It's “Fearmongering 101” and a lot of people buy it.
Who is going out to eat oily, sugar and salt laden food made by strangers...disgusting old vegetables and overheated electronic products in corporate retail stores?...not happening anymore.
Party city and big lots closed down the past 2 weeks
We've had plenty of businesses close this year in our area-Big Lots, 99 Cents Store (that one I shopped at since 1997), Party City, banks have closed too.
I can't believe people still watch this garbage...
I'm not seeing big lots of ages. There's no, no note where I am. I aint seen no big lots of stores none whatsoever, I'm surprised I'm not all gone yet.
SAD BIG LOTS IS INE IF MY FAVORITES!!! GOOD ALL PURPISE STORE EVEN WITH BEDS/MATTERS ETC..
well "fast fashion" ought to really be called fly by night fashion.
I mean these types of stores are the typical type of stores that occupied malls you know what since the '80s I mean I'm certain there's was incarnations of them in the '60s and '70s but when I think of fast fashion and the typical mall type of store I would think something like Debs fashion bug plus PacSun would be of a newer variety and then of course why not express.
but just like malls have fell out of favor you don't think that these retailers haven't? I mean it's so fly by night.
I mean those stores are literally set up to screw you on the price and they might have a brand or two under their control or at least that they've contracted with but are those brands really worth a shit I mean it's all Chinese manufactured crap so it's not really anything super spectacular that you couldn't go to Target or Walmart and purchase and for the few people within the public it sink that it's great to buy from those stores Well they are nowhere near being representative of the majority of the population no matter the age group so for the six preppy teenage girls out of any given junior high or high school that want to go to stores like this Well they're not representative of everyone in the school people really just don't care.
I mean why spend 40 bucks on one damn shirt when you can get an array of shirts for 40 bucks over at the common retailer??
to be honest that is becoming the fashion is simply what kind of a good deal can you get and how much quantity can you get for the cheapest price people don't want to believe that that's becoming fashionable amongst young people but it is everybody is more than aware of it it's not maybe necessarily totally about saving the money for them it's more so that your money goes farther you get more of a variety and they like variety customers always like variety.
so basically those stores part of the reason I call them fly by night is because they're limited as to what they carry and no it's not because evil Walmart is clamping down on them and hogging supplies no it's simply they purposely set up a fucking rinky-dink store and they have selected on purpose only a certain amount of shit and only a select couple of styles to carry they're inherently set up to be limited.
Idk how accurate this info is...TGI Fridays and Red Lobster still have a lot of open locations.
if u go broke co ceo and vps must go broke 2 cant have mills in there bank
Well I do think that more retail bankruptcies are on the horizon we're not out of the woods we never were.
The reason being is because you know look I think a lot of the companies that are just now coming around to shutting their doors Well frankly a lot of them shouldn't have existed for this long anyway most of them should have literally bit the dust last decade The only reason why they didn't is simply because idiots kept lending them money That's the only real reason why half of them exist.
and currently there is a lot of businesses that are living that very thing out that they basically should be out of business today but they're not going out of business today that will happen at a later date because for the time being they can secure enough credit to tide them over they can still go on pretending you know when you end up with that bad quarter and that does at first touch something off and you start this ride down early on you know say the first 6 months to perhaps a year and a half into that you can definitely hope that you can turn the ship around I can understand that you would at least attempt.
but I will say that you know what you get beyond that year and a half that two and a half year mark anyway and when you sit there and realize that you're borrowing even larger sums of money because you're losing even larger sums of money when the whole thing got started You're out of business you had might as well pack it up and leave but they don't they don't because bankruptcy allows them to discharge a fair amount of that debt and in the meantime the executive types can sit there and pay themselves stupid amounts of wages and extra assorted benefits that that's the only real reason why the charade is kept up it's the difference between a small business owner and the larger corporation.
The small business owner he might be able to play the credit game for 5 minutes but eventually his financiers his bank is going to tell him no they're going to say no Bill you have to liquidate your fucked there is going to be no magical turnaround.
The corporation on the other hand the financiers the banks etc will sit there and say yeah why not we'll give you another 300 million maybe this will turn around but of course that's based on you know they have more than one location they operate in probably more than one state or at least more than one town considering the smaller chains they basically have more to mortgage so that's why they get the funding The problem is simply have the bankers lost their fucking minds I don't care if they've got 300 locations it's either you really can turn this ship around or you can't and I would think that some basic due diligence of any of these companies books and market forecasts would cause the credit market to seize and that would be the end of the story for most of these places but somehow that hasn't happened yet.
I do believe that that is on the table to happen I think that going forth the credit tightening will occur and I do believe that it really will hit retail in a major way and you know look you know you get I don't even think we have to wait two years but if you want to look at it on a scale of 2 years I say you get somewhere in close proximity of 2 years out if not 2 years and 50% of the commerce that exists today privately owned big or small in any given town any given big city it's gone it's closed there is no replacement we're already seeing that now whatever your town has in terms of businesses the variety of stores once they close they're gone it's not coming back there is no fucking replacement so if you lose a TJ Maxx or a Marshalls you're fucked there is nothing like it that's going to show up whatever you have available to shop at now big city small city crap city does not matter when it closes it's gone...
personally I think that that is one of the bigger differences between today and frankly even last decade last decade everybody talked about the retail apocalypse but there was still a certain amount of replacement rate you know JCPenney would shut down in one town and here come the Marshalls and it would somewhat take its place right Well we don't have that now that that company is not really out for that market share of course TJ Maxx Marshalls which is the same company has basically been falling back The entire damned industry of retail is in contraction they're all scrambling to somewhat reform their business model I mean there's more to it than just that but we'll save that for another day...
WE HEARD YOU THE FIRST TIME 🤦🏾♂️......CLICKBAIT.
Deflation is coming . . . . .
More holiday hysteria from a site with zero credibility.
Well in the case of the body shop and other specialty stores not just for makeup or clothing but even in the curious case of party City I mean when you focus on one type of product or a series of products that's within one genre you're already inherently limited and then when you position yourself in expensive locations such as malls and then those areas fall out of favor and you end up with less customers well your costs run wild and you know look when you're trying to sell somebody a thing of lipstick for you know 8 to 10 fucking dollars okay you've crossed the line you're done.
trends and fashions have changed people still use makeup yes but I think it's less than it would have been say a couple of decades ago.
I mean there are those who walk around and have the big bullshit banter that people don't really care the way they look anymore or something like that Well you know okay so there might be some people but no in reality most girls or women they pretty much just do the face cleaning stuff they might put on some basic amounts of makeup but for the most part it's not the big deal it once was from what I've gathered how do I know even though I'm a man?
Well simply because I'm a man and I happen to look at the female of the species and well I make natural observations I mean that's just how it works.
I mean you're preppy types your cheerleader types the types to be in some sort of stupid fashion club within the high school environment okay yeah they might be all about this stores but they are nowhere near being representative of every teenager or person in their twenties I think it's a smaller group than what people currently realize it's one of those things where everybody kind of knows it but then it is something that nobody really thinks about on a regular basis because most people have tuned those type of people out long time ago but when a topic like this shows up then yeah they do happen to remember that it's a very small group of people that's into that shit.
Won't miss cosmetics...oh well.
YEP, the American empire IS falling; And, it’s not coming back.
Nooot friiddaaayyyy
Pleem harmostil
Your videos stink. Your "collapse is beginning" videos have been going on for 3 years now. Just stop it, k? 😂
Would YOU stop doing a channel that had over half a million subscribers??
3 years? You mean 6 years.
@artawhirler - yeah, I guess the "collapse has begun" nonsense over and over and over again will get some clicks from the doom and gloomers
@brian8830 - LOL...yeah.
It's the seven year tribulation.
Trump will save you 😂
Wait until Trump reveals the extensive damage this country is in. Expect a very sobering State of the Union Address shortly after his inauguration
!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
The "iconic" LA garbage bins are shrinking too.😅🤣😂 Any garbage is called "iconic" these days.
Red Lobster 🦞 food quality is not as good as it used to be.