2024 The Year of the RETAIL APOCALYPSE
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- Опубликовано: 18 сен 2024
- The retail apocalypse is alive and well. In 2023 there were 4600 stores closed nationwide while only 5500 opened nationwide. Yes it is still a net positive but definitely not a good sign of whats to come in 2024 considering we are only a few days in, and already 580 retail store closure announcements.
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The RENT IS TOO DAMN HIGH! ruclips.net/video/iHVx75kumZw/видео.html
@@debbiec6216 Sounds great Debbie. Basically if you don't have an income of at least around $3,000 a month you can't afford to pay $1,000 a month rent and have enough left for food and all your other expenses.
@@debbiec6216 What city or town are you in?
But youtube premium isn't. It's good
@@debbiec6216 Hi Debbie, I've been through Misery, I mean Missouri before. Lol
Michael, order some Cole Haan dress shoes, you won't be disappointed.
Even our local Goodwill wants 19.00 for pants they got for free. Nuckin futs!!
The pants are free, they still have to pay for the rent and leases on buildings and wages all of which increased.
Hey Michael, Fellow Chicagoian here. You are 1000 percent correct. I am a otr truck driver and haul nothing but raw material chemicals. In other words, I haul what not most but all manufacturers use to make their products. From boxes to makeup to diapers and everything in between. The market I operate in has had the total bottom fall out of it. The loads available to haul has dropped my over half and no bulk transport companies are not hiring any drivers because the work just isn't there. I drive all over this country and have been in the business for 23 plus years and I have never seen it this bad. Manufacturers are not producing or making things which means they are not ordering the raw materials anymore. It has been like this since Sept of 2022. Anyone reading this take my word on this, ish is about to get really bad out here. Do not believe anything that cable news is reporting about our economy. Myself and my fellow drivers move everything in this economy and I am telling you all now, we are all headed for an epic crash even worst then the 1930's. So many people are about to get completely blindsided by this.
Thank you for sharing this info.
I appreciate this inside boots on the ground info. I still have a hard time believing the government will let the dollar fail or the market tank. It’s so interesting to see the market flourish while sectors like you’re in have struggled for so long.
I have bought two and three coffee makers, toasters, air fryers, blow dryers, generators...you get the picture.
How come nobody is talking about this? Are sales down for companies? My small business sales are down probaly 40-50% - People just arent spending. Did you see something similar prior to the 2008 recession?
I’m not playing devils advocate here but I’m a handy man in a coastal Florida town and it’s super busy here. I do a lot of different work and all of the trades are busy
I’m talking carpentry like making built ins and accent walls, tile and bathroom remodeling work, plumbing
I’m also a landscaper for hardscaping and outdoor kitchens
Welding up T-tops ect ect ect
These people pay good too without ? Most of em. Hard work pays off
You gotta work for yourself tho
But that kinda goes without saying if your a blue collar guy you should know that
Michael you give more insight on the economy than those lying media broadcasters.
It’s a stark contrast. Everything he explains comes from his experiences and others experiences
I used to turn on evening news every evening. Now, I click on Michael instead. I haven't turned on a mainstream media newscast in years. I actually have more confidence in the information from this channel.
The media was meant to brainwash and deceive you, control markets and consumer behavior
Well... if they'd discard BLS data for the pablum it is, the "experts" might not be so damn wrong all the time. I recall that hit hard in the Obama years, as on a nearly month in/month out basis, over and over and over... reports of "surprise" were the norm PLUS the next months revisions were down more than up. America was flatlined: nothing grew, hiring was stagnant, but the discount window feeding investment banks kept wall street with enough positive news that any recession reporting got squelched.
The media are propaganda puppets and soon their dirty money will dry up once their fairy tales end.
We don't eat out, go to movies, take Vacations, trying to save every penny, our car is 14 yrs old.
@stargazer5073 It is sad that you have to live like that when our government sends literally billions and billions to other countries and migrants coming into this country. ☹️
How sad that our middle class keeps being told how to live dirt cheap - while the 1% rake in more obscene profits !!
Tax the rich (1%) that will give us a chance to breathe a little but they are distracting us from the truth with nonsense
Hey 👋🏼 Michael 👋🏼 I’m so glad that I sold my last Restaurant almost a year and a half ago. I owned the building and was able to sell everything and now I’m retired. Over 32 years in business and it just wasn’t working for me anymore.
Blessings,Carlos ✝️🙏❤️😊🇺🇸
mexican restaurant?
Congrats and thank you I'm sure it was a good restaurant + the building. The times are different now
@@michaelpowell7120
Thank you for the reply.
Yes it was 2 full service Mexican Restaurants
And I lasted over 32 years. God Definitely Blessed me.
Blessings,Carlos ✝️🙏❤️😊🇺🇸
@@keytothegate68
Thank you for the reply.
Yes it was 2 full service Mexican Restaurants
And I lasted over 32 years. God Definitely Blessed me.
Blessings,Carlos ✝️🙏❤️😊🇺🇸
The restaurant business is the worst. Owned a pizza shop Italian deli for over 10 years. Closed when Covid started.
I organized my bills yesterday . I wrote down how much interest I paid to each credit card. I also wrote down what I paid in transfer fees when I transferred my debt. I have a credit score of 721. I am paying off my debt. I am not going to travel or buy clothes or eat out or tip.
Well make sure you aren't using services that use a tipping model, don't waste other people's time because you want to be cheap.
@@urbanteck Sounds more like clearing the slate and getting a new start.
@@joannaa.5101 Yep, which means doing more for yourself and not using others
RUclips folks are so funny. Y'all are funny, I find this thread very amusing. 😂
I remember when TV was always free. I have no streaming services and haven't had cable since 2009
I just watch online for free
I got off cable in 2017. Got an antenna. Haven't missed cable tv at all. Never had streaming at all. Just not worth it.
TV was never 'free'. Plenty of commercials on the local and network channels.
@@iworkout6912 But now you get nonstop commercials on top of a huge monthly fee!
That's exactly what I started doing with movies and shows. I went on Facebook Marketplace and would buy deals on movies (ex: 200 DVD's for $40). I would even get the VHS tapes. Alot of times those would be free. People would put a box on the porch and I would drive up and grab them. I was so tired of the subscriptions. Not to mention in my opinion the best movies came out in the 80's and 90's.
Best movies were made in 40s and 50s😊
80's and 90's the best ever. hey went to a pawn shop they had video games for $2 for the Wii playstation Xbox that people used to pay $50 bucks for. VHS pawn stores wont give you anything for them. Back in the 80's you would go to a store and get atari or nintendo game and its was awesome they would cost $20 ish
The best thing was when the bottom fell out of the DVD market around 2015. I could finally curate a nice collection for pennies on the dollar. No one can hide them behind a paywall, edit them for content or anything like that. Even rare DVDs aren't worth anything anymore. I remember seeing Criterion's out-of-print Nights of Cabiria for no less than $80 just a few years ago. Now you can get it for under $20.
@@jasonhesseltine3520 Could you please remind everyone what is DVD😁🤣
In a perfect world these closures would result in the return of the mom and pop stores. Remember the days of the local hardware store? There was always that guy who knew where every item was located. Now you go into Home Depot and the employees know about as much about plumbing supplies as I do about putting a satellite in orbit.
Nice comment, I have a local hardware store that I go to and they know where everything is at, its awesome mom pop stores are the best. Go to big stores some know what they talking about not many, goodluck on your adventures.
I go to Ace and pay more, yet the service is great!
That was hilarious
The Dollar Tree where I live only has one cashier. I saw people going through the door with back packs and walking out without paying. I believe the theft of merchandise is the culprit.
Defund the police is catching up with us.
Of course the corporations want everyone to think it's crime when they constantly spend billions just buying their own stock instead of hiring workers
I see it every time I go in my local Aldi's. I said something to the clerk that a "customer" was stealing and the clerk said management doesn't want them to get involved. Pay attention and you'll see it as well. The county i live in started charging .10 cents a bag and more people are bringing their own bags in and load them up and walk out without paying. It's disgusting. Of course - these people are all wearing masks to cover their faces due to Covid ;)
Yea I live in a pretty small city with low crime. I went to cvs today to buy eyelash glue and even that (5$) was under lock and key😮
@@Somebodysomewheresometime exactly! That’s why I shop on Amazon!
I was at the local strip mall yesterday, which is usually quite busy, with a Whole Foods and a Barnes and Noble and a Chipotle and a World Foods. It was like a ghost town during lunch hour. I went into World Foods and there were literally no other customers in there.
The cashier did not know why it was so slow, but we do. The bottom is going to fall out of the economy soon, because people are BROKE.
People are starving. Like myself😢. Cuz, cost to breathing, existing , has killed many of us to nothing. It complicated.........😢😢😢😢😢😢😢😢😢
Why are people broke? Most of us work for others. We get paid a wage and we go home to do our own thing when our day is done. The problem is, inflation and wages have not kept pace with each other.
What's the solution? I think we are already starting to see it. As older, more enfranchised Americans pass on, companies have to change how they do business. If nobody can afford a home or a service, to stay relevant ,that industry must find a way to draw in new customers. Most established chains can't do that anymore with anyone under 45.
You watch, someone will invent a method or a system that gives Incentive to participate in the economy. It can't be all stuck and no carrot forever. How each of us benefit from what comes next will depend on our lack of attachment to the nostalgia we place on how things were decades ago. I am done with the 1990's. Are you?
What area do you live in? I'm in the DC area and crime is bad along with major store closings
@@jerrimenard3092 People hot spoiled the past 15 to 20 years Low interest rates anf feee money . Not everyone can drive an expensive car and own a large home , they live beyond what they can really afford
Our neighborhood’s New Year’s Eve was quiet; so much quieter than last year’s when fireworks were deemed illegal due to the pandemic! Yes we had a good night sleep and our dogs were relieved.
Many stores do not have much foot traffic either. January is the traditional big sale month😮 I guess people had to spend any pennies they had for the holiday season. Now they just don’t have extra money to throw away😢
Whenever I need to feel pessimistic and negative, I come here. Michael never disappoints!
I’m the same way with music when it comes to owning physical media. That’s why I still buy CDs.
A lot of people are starting to revert to buying physical media, right as Best Buy, Target, Walmart etc are phasing out physical media. Hopefully this will bring it back. I mean we've seen Records come back so hopefully physical media makes a big comeback. We have been purchasing physical media more and more recently especially since all these streaming services have been jacking up prices and removing content. Ive also said for years nothing beats physical, better quality and you OWN it!!
Hard to argue that!
We have been collecting all our favorites - pay once and own it. Also they can't censor it away...
Quite a few things at dollar stores are actually more expensive when you do some simple math and compare qty to qty or ounce per ounce.
Yup that’s how they make their money. There was an era like 2007 where you could get like a weeks groceries at 99cents only for $40. It was standard $4 weight for $1 Those days are long long gone. They spent years culturing loyal customers before pulling a bait and switch to the newly unconscious consumer
Dollar Stores in the 60's were call Junk Stores. Everytime i TRY to shop there it's a Third World/Hillbilly/Ghetto adventure. I leave with nothing as what they have is junk or so confused from piles of "stuff".
@@WeekendsOutsideFLyep just like these apps Uber, Airbnb etc. they get the customer base then start squeezing profits.
@@michaelpowell7120 I read your statement. It bought to mind Michael Rappaport the actor/comic. I use to believe he was funny and maybe a little quirky but I don't find him too funny anymore. Wonder why your words remind me of him.
Yep more people are learning this and ditching the dollar stores
The moment I saw streaming services were purging certain episodes of shows like 30 Rock because they were "controversial", I canceled my streaming services and went to a Plex server. I have tons of shows I can stream through my house and nobody can take them away from me.
3rd Rock from the Sun a great series and talented ensemble. Wish more shows had such good fun. I liked the writing and the delivery was flawless. Comedy isn't easy but you can't tell with that show. What do I know though I liked American Housewife and Mike and Mollly. Trying to get some books as well when I want to relax my mind.
@@joannaa.5101
Kindle unlimited upped my reading by a factor of 10. No exaggeration. I now have thousands of books on my screens, ready to read.
I do not like online shopping. Only order online if nothing available at the stores. I have to touch and try on before I buy.
Physical media for life! I got tired of my online content vanishing when the licenses expired. Also great during Internet outages , power outages, and while traveling.
I own my own movies . I do not watch commercials. I will never stream. Hollywood has no good movies coming out this year
The only one I'll go see is the merging of Godzilla and King Kong. But that's it. (Oh and an anime movie as well, that's it)
Lots of cheap DVDs around, even get from the library.
Wages no change
Groceries ⬆️
Car payment ⬆️
Health insurance ⬆️
Car insurance ⬆️
Utility ⬆️
Credit card debt ⬆️
Hygiene products ⬆️
Same wages tripled living expenses
Mortgage OVER PRICED 🤔🤔🤔 what’s going on America 🇺🇸
Thank you for fighting for the truth and give awareness to citizens 🙏🙏🙏🙏🙏History will remember you and other RUclips who Scream for real estate justice 🙏🙏🙏
We live in Cuenca Ecuador, and I have to say, I have never seen small businesses like we have here. Shoe store after shoe store; many small appliance stores; tiny little tiendas selling all manner of things. We do have a couple malls that are still thriving, but more remarkable to me are all the tiny stores.
The shopping culture outside of America is different. People can walk to places in Ecuador here in America cars are a necessity with the cost of fuel insurance etc I’d say stay in ecuador
@@upsidedownkingdom2757 Not needing a car was a big factor in moving here. We have zero plans to ever move back to the US. We love it here.
There should be app where people can enter what they are paying for rent so people can compare their rent in their areas.
That would be interesting for someone to make
That’s actually a great idea for an app
@@Xaforn I hope someone can help me make an app for that .
Except it would be gamed by landlords
@@gregnak07 I have a lot of ideas to make this app but need help with it
I am so sick of listening to well off elites telling us how wonderful life is. The majority of us do not live that reality. Thank you for reporting the obvious. Wish mainstream media would do that.
I’m aware of millionaires , they refuse to budget. They’ll work for more money.
Looking good and never enough is the motto.
Na!! You know darn well they'll never report the Truth.
Unemployment is probably already at least 10%, and will probably double. Hard to tell anything anymore though, as everything has been distorted since closing down the economy!
Hey it was between the economy or the southern border? Who knew?
RX aside, prices at Walgreens & CVS are often 2 times higher than Walmart.
Publix tried to charge me $77 for my med, where as Walmart was $24
I super, super rarely go to walgreen or cvs!
And there are still people outside (like the government) saying things like: "Yeah, everything is fine. There is nothing to worry about!"
That mop headed press secretary is the worst of all! She's getting paid well to be the minister of propaganda for Biden.
Nothing new , media lies
People in gov are paid generously to just go along with the main narrative and live with blinders on. I blame them in part for this shitshow we are in. I’ve been in gov twice and couldn’t stand the wastage.. it’s really is like adult daycare
People OUTSIDE of Gov't do the same thing. Good press about Florida!? Let's flood it and change everything that was appealing as much as possible...@@redfo3009
Well, it's from the same bunch who claimed he got 81 million votes. So lying more is no problem.
We haven't had cable in four years... We're a dvd family of five & that works perfectly fine for us. Flea market shopping & estate sales/auctions play a big part in our simple homestead way of life. 🙂
Right on!
I travel and can stream almost anything without all those subscriptions. Corporations are greedy.
I don’t need to comply.
I pay for you tube premium as well. Love it. I don't watch TV anymore. I don't have any streaming services either.
100% same here. YT Premium has been 'worth it' to me since I watch it on my TV.
Get an indoor flat wall antenna for $30 if you live near a city. 4K resolution and legally Free.
Shoot!! I rather watch them old school shows like Little House on Prairies or, Guns and Powder.
1. people are not spending as much, prices rise not salaries / 2. rents are too high / 3. Amazon, Walmart
Amazon slips in their Prime streaming every time you buy something.
Best Buy stopped having movies in their stores. Remember blockbuster stores ?
Who?😂😂😂
I do and also Hollywood videos. I wish they were still around cause I still watch DVDs.
I wonder how Best Buy is doing. I never see anyone buying anything in there. Beside the display items the have nothing, only for order. Why would I order from them when I can order from Amazon?
Remember CompUSA? Best Buy may be next.
My local Blockbuster store is now a liquor store, no worries about online shopping for them.
I use to rent movies, now we just stream. Sorry for the owners.😢
People are better off renting houses and not apartments because you have privacy !!! You do not have to listen to your neighbors above you flush their toilets at 2am
Oh, and lord knows what else!
You pay a BIG PRICE for that! In an apartment or condo complex, it kind of depends on what neighbors you have. When you live next to bad/noisy/crazy ones it can be a real NIGHTMARE!
I would be afraid to rent a house, never knowing when the owner might want to sell it. Yes, the privacy would be nice, and I'd like the idea of having a yard to have some potted plants in, if the owner didn't want me planting directly into the ground, but just wondering when it all might end would be nerve-wracking.
Mchael, thank you for the reality content you are providing.
Finally! I thought I was the only one frustrated with buying shoes.. I rarely buy them, but needing a new pair and finding a store with them is painfully difficult. It didn't used to be this way..
No pay increase for me this year. I have always received one in the last 15 years. Says alot
We are in a depression and not a recession
No no no
It's can get OH so much worse...
I think it’s a terrible economy that is equal in severity to the Great Depression, but very distinct from it. The economic pain is different. Todays depression is an insidious disaster of a lack of productive, well-paying jobs, cheap luxury items galore, and housing crises.
Calling this a Depression equivalent to what happened in 1929 is wrong. Not many people that actually experienced that reality are alive today. People aren't waiting in hours long lines for food like they had to back then. A Depression in my mind would affect even the wealthiest people to some degree and there would be malnourished and homeless to a much higher level than exists today in the U.S.
@@Resmith18SR My Uncle turns 100 years old this weekend. He served in WW 2. He saw his parents lose their house in the 1930s . He buried 7 siblings. He buried 3 children ..one child was buried last week. He has seen so much with money and jobs and real estate. He is fully aware of the economy and how inflation has out paced wages. My uncle said the United States is in such bad shape and people are becoming homeless.
Some people who were having a hard time to begin with are now in a depression, lower income people. @@Resmith18SR
Dollar tree isn’t a dollar anymore. They up charged to $1.25 in my city. That happened about two years ago.
Same here. Now I'm never going to see dollar tree the same again.
The people leaving are being pushed out the cost of living is getting higher in Florida
Michael: How much is too much retail? I would suggest we need manufacturing jobs to export products and provide products (removing the need to buy Chinese imports) domestically manufactured.
Exactly. Americans are amazing!
Yet the young want $100,000 jobs out of college.
Well, that will be up to our finance that went global the moment the Nixon administration deregulated them and opened the Chinese door. 💸🌏
Just consider it a catastrophic systemic betrayal.
When a very smart, very knowledgeable person (name withheld for their privacy) was asked, “Who would you say did the most damage to America?” They replied without hesitation, “Henry Kissinger.”🎯
It’s worth looking into that.😉
I agree with buying the digital copy ..I’ve started that 2 years ago and I have a great collection going
I’ve seen a lot of content about “no buy years” and avoiding over consumption. People are starting to realize that buying stuff just doesn’t make you happy.
I’m in a Dave Ramsey group and people are at least doing a no buy January.
i have no house to put my stuff in, so i only work part time for the moment.
Finally! I’m in a mobile I love, purchased for $25,000. Downsized, divorce, fm 4 homes, one in Mexico.
Sold my onto in Phoenix at the high in 2022 and have more freedoms where I live now.
Minimalism is different for everyone. I remind myself to buy good food. Period.
Don’t need anything else I have it fm my past. My mobile was totally furnished in a pretty good way.
So there we go! Set priorities.
@@patriciamoore3318free stuff apps (apps where people post free stuff for others to pick up) have becoming extremely popular since the pandemic hit. The competition to get those free stuff has become fierce! Before the pandemic it was not like this. It was mostly for people’s hobby (I was one of them). Now people from all over the walks want to grab free stuff.
True. But notice they never preach that to the rich. And why should we work hard, yet NEVER be able to buy anything, etc?
I never auto-renew streaming services. I sign up, then within a few days cancel. This forces me to re-evaluate where my entertainment dollars are going.
I cancelled RUclips TV, HULU and Im going to cancel PEACOCK
I pay for RUclips Premium
You just saved a ton of money.
I pay for the annual Peacock.It’s cheaper and I actually use it.
Shoot!! Then how did you get on on youtube then??
Here in the DFW metroplex people feel this area will surge without a hiccup. I had a young couple buying their first home(resale, flip)yesterday tell me they figure in 6 mos. They will have enough equity increase to refinance and get rid of their PMI. ??!! I was told this in last bubble and it hit everyone
I'm literally not buying anything, even food, if I can help it. Seriously, between taxes, my wage, mortgage, cost of everything, I'm not buying anything. I'm skipping meals constantly. My theory is the retail theft, high taxes and cost of everything, nobody else is buying anything either. I couldn't get gifts for anyone this year and no one could for me, either.
Don't skip meals. Rice, potatoes, bananas and beans/lentils can keep you incredibly healthy at a low cost.
@@travisn346 Hey brother, thank you. I just went grocery shopping today, trust me I'm hitting the rice but it's so bland after a while. Been on the rice and chicken thing, need more beans and greens, fiber. The rice goes bad quickly after it's cooked, that's my main gripe with it besides the blandness. Sauces are especially expensive these days. Just bought some peanut butter as a treat, though, forgot what it tasted like. Tastes gooood. Stay blessed.
@@diatonicjon you too!
2024 The Year Michael Bordenaro will reach 250.000 subscribers ( or more ). So 2024 will be A BORDENARO year! At the end of 2024 you'll make more than most realtors in Miami. Hence, keep up the smart work!
Dollar General is no longer a bargain place to shop at, their prices are just as much or more expensive than Walmart, I stopped going in there
ALDI just opened new store in our town Fort Walton Beach, Fl. today.
Who knew my giant DVD collection would be a good thing now 😂
Home Depot tried to charge me $53 for a Moen shower cartridge that I bought online for $19 , ridiculous..
Yeah, that's some righteous bs!
Good point. Does Amazon offer a lifetime guarantee? 😂
@@BREEZYM6015 I'm certain there's a warranty on it guaranteed for your children's lifetime.
I'm at Lowe's as we speak and I didn't know light dimmers are $50-$80 😮 and these are not even the fancy metal but your regular white plate ones.
I'm a contractor , and buy many parts in bulk, online, for a fraction of the store price
All three strip centers in my neighborhood have stores that closed in last 3 months! The Malls in my area are like Ghost towns, no people shopping and tons of closed stores.
What location are you in
Probably in the cities.
Factory in my home town just announced a 400 person layoff
That sucks
Thank you for the honesty Michael...so dog gone refreshing!!!!!!!
I don’t usually comment on videos despite following Michael for almost 2 years now. I think it’s funny to read the negative comments BUT if you just go to websites such as FRED and analyze the data like a normal person would that has questions you can clearly see his reasoning has substance and not baseless arguments. End rant.
It's an election year and all we hear is how TERRIBLE the economy is yet I'm not seeing it. Read the comments below and you get mixed messages. AZ is thriving still. Best economy in my lifetime and I'm no spring chicken. I do believe there are bubbles in assets across the board but I don't think those bubbles will pop before November... Maybe on the next guy's watch.
@@ericheatmiser2099 Well, Arizona (by that I mean Phoenix metro) is always late to the party! There are some areas that barely know there was a party. California (and by that I mean SD, LA and SF) always are the 1st to arrive and the last to leave, but they get high as a kite and have a huge hangover. South Florida parties hardy until the bills arrive, then the whole place pretends nothing is happening, like they’ve always been a 50% off sale. The NY area is it’s own “I don’t want to commute that far” beast. The rest of the country will slowly accept the reality of being profoundly disappointed, in general, reminiscing about the great industrial days, the fact that we were the greatest for a long time, and arguing about who lies the most.
Does it matter who lies the most when they are all fake? They are all paid to be liars, cheaters and thieves.
I would love to see a list of the states where these closings are taking place. Chicagoland, New York City, Philly, and the entire screwed up state of California probably make up the bulk of the store closings, which has more to do with crime than economic conditions.
Agreed
Aka democrat states
Office Depot Key Largo... just to name one.
In my town in South Jersey 10 minutes over a bridge from Philly. The crime increase has been negligible. But if it isn't an event at the stadiums or basketball arena or to the airport. Philly is beyond dangerous and unpredictable. It's a shame a historical place where laws were written is now lawless 😪
@@OGJeff685 Oh yeah. Lot of looting going on down there--especially in the plumbing and bathroom fixtures department.
Love this show. Very informative.
I lost my job at the end of October of 2023. I am not counted as unemployed because I am not receiving unemployment benefits . I am not on food stamps.
Sounds like a really bad place to be. I hope you’re okay cause I’ve been there and it wasn’t good at all.
@ayo9057😮 So encouraging! Nobody is screwed unless they allow it.
I am very sad and trying to be positive and energetic and aggressive
@ayo9057yes and nobody cares about me and nobody is helping me. Yes, I do not exist and people are selfish
What are you doing to stay afloat?
The rent is too damn high!
Don’t rent
Commercial rent is crazy.
I put everything that I watch on the DVR and fast forward thru all the commercials
A business you probably won't see on the closure list are payday loan stores such as Dollar Loan Center aa well as auto title loan stores. I had a payday loan for many years and was finally able to pay it off in March of 2023. The amount I ended up paying after the initial loan amount was substantially higher. Stay away from payday and auto title loans because the interest they charge makes it very difficult to pay it off quickly. If you ever have to take out a payday loan then try to take out an amount that you can pay off on your next payday.
Good for you sharing this info with others. Have a good evening.
Those companies are the devil. Nothing but usury
Any adult should already know this, but sadly many probably do not.
Those places are scabs.
It shows how criminal the government is that they allowed a loan shark to take advantage of you! Good job getting rid of that mess. I hope you have a prosperous New Year.❤
RUclips premium is the Best value ever, it's the only sub we have, always 5 stars, Cheers to M.B.
This is crazy people still don’t want to admit this
Hi Michael - Happy New Year! To celebrate 2024 I ordered me a pair of your sunglasses - can't wait to wear them! 😎🤗 Thanks for all the great info! 🥰
Isn’t he gorgeous 😍😅
I went to Costco today (Jan 4th) at 4:30pm. I’ve never seen this Costco location this empty since Covid days. It’s usually busy even on weekdays. Might be that people still have food left since their Christmas/New years shopping or maybe they are out of money after Christmas?
🤣🤣🤣🤣🤣
They should crack down on all the thefts that are being committed. Rite Aid recently closed for good in my neighborhood due to theft. People are walking out with stuff like they owned the place.
While definitely theft is a factor to rite aid shutting down...the biggest reason for the fail was executives and leadership at Rite Aid, it barley made it out of 2008 recession. It's a poorly run company...I used to work there years ago and saw first hand.
@edmundosantana1155 - Very sad that people's morals have sunk so low that they can walk into a store and steal with no remorse.
Totally agree. Very sad.
Good point!! I do not think the real picture of how tenuous our economic picture is, has hit yet. So we take all the businesses closings, the retail/commercial property crash, and companies shedding jobs, and decreasing their brick and mortar sites, it’s going to be ugly. All I see are articles about banks struggling to survive by decreasing locations and staff straight across the board. We are really in a situation that will be played out this year in real time.
Yes but most of those sotes deserved ot go ou tof biz and New technology and online bz has mostry replacedthe need for most retail shopping . Bed Bath and Beyond original owners milked the biz fr there own benifits and the shareholders and employees got screwed
The Bank of America branch that closed near me is now a Jewish church.
@@jkmarshall3553 FYI Jews do not call houses of worship a Church, they are named Synagogues
Let’s not forget that most of the stores that open up in the new year are likely to fail! That’s because all businesses that open up, there’s always a large percentage that never make it!
50%
There's a cookie store opening up near me, they are still doing the construction. That person is insane - no one is going to spend extra money on some dang cookies
@@nmm913
A lot of entrepreneurs, take a chance to learn business, most of them fail! I’m sure they get better on the second or third business idea!
Mon and pop shoe stores are very hard to come by.
We only have 1 around here and it is about 20 miles away from me.
I'm on the West Coast, and Dollar Tree and Rite Aide look like they're about to go under. Rite Aide filed for bankruptcy in Oct '23, and lost their Nasdaq listing, they're trading as an OTC at .29.
It’s not a recession but a depression
On the physical media point I have always kept my CDs DVDs and blu rays (much to my wife’s chagrin)
Paid off recently as we lost our broadband and we could still watch or listen to stuff so I got a (very) few brownie points for that!
Pirating is picking up too because of all of these rise in costs and cuts in streaming subs.
At Home Depot and Lowe's, a lot of their inventory is online order and pick up some other time. Not thrilled when going to get something on sale and then they say online only and was in the middle of something that needed it and ended up paying more for a different one. A lot of online only items when looking where to go to get something but when a flyer says sale and no online only listed, that's shady.
Estamos definitivamente fodidos❤
Ha ha, yes we are!
I have always only had cable and never have streamed. I can record shows on cable and fast forward through the commercials if I don’t want to watch them but I actually like commercial breaks. It gets me off my booty so I can get things done around the house and not gain 20 pounds, sitting on the couch all day.
We are over-retailed!
Buying furniture is another hellscape. The selection in the stores is abysmal so buying online is the only option in many cases which leads to a lot of returns. The problem is lack of good quality inventory in general whether online or in store.
Happy New Year, Michael. Your consultations are appreciated because you share factual data that is usable. I'm tired of all the could-be-maybe-maybe-could-be commentary.
Yes, shoe stores are important.
Watching from Canada. One thing I've noticed, is that the stores never offer sale items anymore. In particular the grocery store will never off sale items. You would think they would want to draw in buyers or use loss leaders, but they don't. Kind of weird. Great coverage of USA economic crash.
The reason was the change in business model implemented at a systemic level. It’s called “just in time”. It includes the entire retail and wholesale global commodities chain of finance controlled businesses. This 21st Century finance controlled business model uses technology to do this, maximizing finance’s investment in the entire global system. It was this system that broke down during Covid, “just in time” is very vulnerable at a global scale level.
You know, the WEF had predicted that the world would experience a global pandemic by 2020, and they have also predicted that the world will experience a global scale infrastructure attack by 2025, (think electronic communications, especially in finance😉).
How did they get so good at predicting these new “global” events, that are fundamentally challenging and changing the world!? Like it’s by design!🤗
Doesn’t the amount of group theft rings across the country have a lot to do with all these retail stores closing? This also impacts unemployment numbers. Sad situation.
We don't have those group thefts in FL and yet stores are closing in some areas. This bad administration is the culprit.
Americans ramped up their online shopping this past holiday season, splurging on a record-setting $222 billion worth of electronics, toys and other items. The spending haul between November 1 and December 31 marks a 4.9% increase from the previous holiday shopping season.
Waiting for everyone to say it was "all bought with credit". Maybe so, but fact remains the money is still being spent.
Prices were also 5.3% cheaper than the year before.
But due to inflation, they bought LESS goods than last year. Yes?
@@jeffw1267 Prices were 5.3% cheaper than the year before
Due to inflation....spend more to get the same if you're lucky or often times less...
@@markbaum9615 Prices were 5.3% cheaper than the year before
Thanks for another enlightening video Michael. You’re always providing me with, the essential knowledge necessary these days. Stay safe, healthy, happy, productive,& blessed.💯🫶🏾😀💜✝️🙏🏾🇺🇸
I had the same story happen to me on Amazon shoes. Right into the trash. The size was 2 sizes too small.
Don't forget donate unwanted items to salvation army or goodwill thrift shops.
Lol.them shoes probabmy made in and for China..little feet.
The company I follow most is closing some storefronts and maintaining sales by using their website and warehouse. Top line revenue is down but so are costs.
Everything has also been overbuilt. There used to be a Subway on every block. It's just another sign of this debt based economy where everyone copies everyone else who is successful because there are less and less opportunities these days.
The next thing will be subscription services for functionality in your car features. Like heated seats, the OEM will require you to have a monthly subscription to have your heated seats to work. The same goes for remote start from your fob, locking and unlocking, etc. You don't own the software that runs on the dozen or so computers in your car.
Every way companies cam dream up to add to their bottom line profit margin, no matter how outrageous, they will gleefully add in the way of extra fees on cars, flights, banking needs, food orders,....I even heard somebody online say their Walmart started charging a non-refundable $7.00 fee just to use a shopping cart in the store!!! Again, they said it was not only 7.00, where as Aldi's charges $0,.25, but Aldi's then refunds your quarter when you park the cart at storefront, but writer said the $7.00 was not refunded when they were done shopping!! Did not say what state, and I have no proof whether this was true or not, but I will never pay $7.00 to load up my groceries!! I hope I still have the kid's old red wagon, or I will be loading up mu groceries in the wheelbarrow! Cause you know if it is true, it I only a matter of time before every grocery store will also start to charge a similar disgusting cart fee also!!!
Had heat seating for many years.tested it once. Wasn’t interested in using the feature.
It’s as in much of Europe they don’t have dishwashers. I got used to it. I don’t have one now
and in future housing it just takes up cabinet space. Now where I still in a family, I’d have one.
Sadly dollar stores are squeezed by rising prices and retail theft, especially since they largely exist in low income areas.
Dollar Trees are located everywhere (even middle lass areas with low crimw rates).
What’s to steal that’s worth it in a dollar store?
Dollar Generals are a blight. Crime magnets.
@@robnelson6545 to you or me it seems silly and a completely wasteful ended, but there isn't anywhere left for people to steal from. Retailers are avoiding high crime areas leaving discount stores the only ones left in these neighborhoods.
re: Shoes. BEING IN FLORIDA as you are, you're in the Capital of Dying Rich people. So you might actually find the Alden, Rancourt, Allen Edmunds, and Brooks Brothers caliber shoes in Goodwill type stores. Lotta people buy the really expensive shoes, and then never wear them. The winners end up being the people who find the shoes at Goodwill Salvation Army type stores in super rich zip codes.
But be careful with dying brands like Allen Edmonds. As with Nordstrom Rack Online, they sometimes send out factory defect shoes as "year end sale" merchandise. Or Clearance / "No Returns accepted" at too-good-to-be-true prices.
Estate sales, yard sales or thrift store and consignment stores are good places too.
Time to look forward to june , breadlines etc
It's 27 degrees where I live. I'm definitely looking forward to June lol.
All so true. I’ve never subscribed to a stream on tv. I rent movies from my local libraries. I love you channel, thank you.
They're free at libraries.
How about the ten,million people that came into our country illegally.
Predominantly the dollar stores are not a cheap as Wal-Mart anymore....they've gotten greedy !
Thanks Michael.
michael come on man, if you want good dress shoes you gotta go to a nice custom suit store and pay the price. you wont regret it. yeah they are expensive but if you take care of them they will last you forever if youre someone who dresses up only a few times per year.
yeah my friend uses a cobbler and he gets repairs/refits for almost free
Thanks, Michael!
People who go out to eat should not tip because in Italy , people are not required to tip because the employers pay them well. People should stop tipping and save their money
Screw Italy. If you know the waitress makes $3.50 hr. leave a dagum tip.
How do we "know" that? @@francismarion6400
@@francismarion6400Not his problem. It's between the restaurant owner and the staff.
Mmm..spit soup. Haha
Does your pizza taste a little off?
JUST THANK COMRAD JOE , MUCH MORE DESTRUCTIVE THAN NERO!!👺👺👺👺👺🦇🦇
I just canceled 2 of my subscriptions on Amazon Prime. I'm a strange side yep
Same