The Retail Apocolypse shows no signs of slowing down

[LibertyKid]

What's interesting is that retail chains for decades and decades and decades have closed. But for some reason, some act as if recent chain closing is somehow something that has never happened. In my life, I could probably come up with dozens of chains, whether food, retail, service that have come and gone. And many of those chain closings, are of their own doing and have nothing to do with politics or current economy.

 

[kyzr]

What's interesting is that retail chains for decades and decades and decades have closed. But for some reason, some act as if recent chain closing is somehow something that has never happened. In my life, I could probably come up with dozens of chains, whether food, retail, service that have come and gone. And many of those chain closings, are of their own doing and have nothing to do with politics or current economy.

Sears, Woolworth, Newberry, here is the list...

List of defunct retailers of the United States - Wikipedia

en.wikipedia.org

 

[Independent thinker]

View attachment 1084594

Yet another large chain store has "bit the dust".

JoAnns Fabrics and Crafts.

Big Lots shuttered its last stores after Christmas 2024. A few might have made it into January, but they are all gone now.

Now it's JoAnns Fabrics and Crafts stores.
They are now in their beginnings of clearance sales at 40% off everything, where I am at.
No coupons either.

So sad.

Now, all we have around here is Hobby Lobby and Michaels. And for fabrics you need, Hobby Lobby is expensive, and Michaels has very little to choose from..........mostly fabrics for kids and bedding.

Whose next? I haven't heard yet, but I keep my "ear to the ground" on these happenings.

The fallout of the Democrats' Plandemic destruction is still being felt across this country. And even Trump doesn't seem to be able to help stop it.

Hopefully, once Trump and Musk get thru sifting through the corruption of government, they will get onto rebuilding our economy next year. If not, Trump is going to have to start answering some HEAVY questions from us, and Musk is going to have to worry more about his company going belly up than his stocks going down.

I know economic recovery is a long, difficult climb, but if they don't focus on it next year, I don't see that we will ever get out of this for many years to come.

---------------------------------------------------------------------------------------------------

I can't place ALL blame on the economy and the government though.
Too many of these companies expanded too fast and too furious. Not all companies can exist like 7-11 does, with a store on every street corner. Some companies need stores located, one per economic area.
Like when I was little, there weren't JC Penneys and Sears on every freeking block. There was ONE, HUGE, possibly multi-level JCP or Sears within a 100 miles of the next one. People made a day of getting to go to shop at JCP or Sears. Even kids looked forward to it. It was a special family time.........even if momma was picking all the WRONG clothes for you!!! LOL
ONE store within a 50 mile radius for specialties and fun shopping experiences is whats needed.
A good example from my area here in DFW, Texas...............
Bed, Bath, and Beyond.
Awesome store.
Lots of fun stuff for the home.
Interesting holiday stuff.
But there were THREE damned stores within 5 miles of each other!!!! This is why they floundered and crashed. Yes, they still have their online presence, but their physical stores are gone.
ONE large, well stocked store was enough for this area to survive on.
I expect that Hobby Lobby may be next though. Like BB&B, they have several stores only a couple of miles from each other.
So, many of these companies have slit their own throats by over building physical stores that end up collapsing the companies.
Free market is an awesome thing. But HOW you live and do business in that free market is a completely different animal. If you aren't careful, you'll cut your own throat to spite your greed.

Yes, all of these places took a big hit from Biden's inflation. It was just too much to recover from.

 

[Dr.Destructo]

Yes, all of these places took a big hit from Biden's inflation. It was just too much to recover from.

Weird thing is............all the Joanns I've ever been in were always busy, busy, busy.

 

[Dr.Destructo]

Bed Bath and Beyond is going to open new stores. None will be in California.

They reorganized and add "Home" to their name................like thats going to help.

The ONLY way they will survive is to have SMALLER stores with LESS overhead, and ONE store per every 50 miles or more.

 

[EvilCat Breath]

They reorganized and add "Home" to their name................like thats going to help.

The ONLY way they will survive is to have SMALLER stores with LESS overhead, and ONE store per every 50 miles or more.

And none will be in California.