DTube - The Retail Apocalypse CONTINUES As Sears Closes MORE Stores!
One of our most recent video reports!
See the original article below:
Josh Sigurdson talks with author and economic analyst John Sneisen about the continuation of the incredibly epic retail apocalypse which has claimed countless massive businesses and seen bankruptcies across the board.
Sears has just announced that they will be closing 72 more stores and have identified 100 stores on top of that which are not profitable and are set to be shut down in the near future.
This comes soon after news broke that many mall owners are looking at using the space where major box stores once stood and utilizing them as apartments and hotels to actually see cash flow.
As Amazon takes over under the guise of convenience while getting billions of dollars of subsidies, the once massive monopolies are closing their doors. Sears is one of dozens of major businesses closing down locations and laying off employees all over the United States, Canada, Britain and elsewhere.
As John mentions, while it has a lot to do with online sales, it also has a lot to do with absolutely astronomical debt build up which is simply unsustainable and has to come down.
People do not have the money they once had on average and people can't go buying overpriced plastic toys at Toys R Us, or overpriced shirts at Sears or Zellers. Macy's which once bragged of being the biggest store in the world cannot make ends meet anymore. We wonder what will happen to the Macy's Thanksgiving Day Parade in New York!
People must cut costs and so must mall owners. We are living in an indebted time and the only way out is individual financial responsibility and self sustainability. It comes down to the individual, not some bank or government. You are the change you wish to see.
Stay tuned as we continue to cover this issue!
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PEOPLE SHOULD HAVE CONSCIOUSNESS AND HAVE SENSE OF SAVINGS. BUY AT LOW COSTS AND NEED IT
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The existence of modern market will grow from year to year. This rapid development may continue to suppress the existence of traditional markets at the lowest point in the next 20 years. modern markets that are in fact owned by foreign retailers and local conglomerates will replace the traditional market role that majority owned by small communities and previously controlled retail business
to anticipate this need a real step from the market traders in order to retain customers and the existence of their business. traders in traditional markets must develop strategies and develop plans that meet the needs and demands of consumers as modern markets do. if not, then the majority of traditional markets and their inhabitants will only be a history that is stored in the memories of the retail industry in a relatively short time. goeslowstecu
Same thing is happening in Australia with Target stores.
We also have a lot of the low-grade fast food stores closing up as well.
Retail is going to be radically different a decade from now.
Why bother going to the store when you scan have it mailed to you within a few days? No big deal to wait for it. You’re too busy to do anything during the work week anyway!
It's all got to go! Prices at warehouse prices! Closing economy sale! Get your useless shit here!