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Thread: America’s Retailers Are Closing Stores Faster Than Ever

  1. #1
    Veteran Member aboutenough's Avatar
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    America’s Retailers Are Closing Stores Faster Than Ever

    At the bottom, the seemingly ubiquitous Payless Inc. shoe chain filed for bankruptcy and announced plans to shutter hundreds of locations. Ralph Lauren Corp., meanwhile, said it will close its flagship Fifth Avenue Polo store -- a symbol of old-fashioned luxury that no longer resonates with today’s shoppers.
    And the teen-apparel retailer Rue21 Inc. could be the next casualty. The chain, which has about 1,000 stores, is preparing to file for bankruptcy as soon as this month, according to people familiar with the situation. Just a few years ago, it was sold to private equity firm Apax Partners for about a billion dollars.
    “It’s an industry that’s still in search for answers,” said Noel Hebert, an analyst at Bloomberg Intelligence. “I don’t know how many malls can reinvent themselves.”


    Others are trying to re-emerge as e-commerce brands. Kenneth Cole Productions said in November that it would close almost all of its locations. Bebe Stores Inc., a women’s apparel chain, is planning to take a similar step, people familiar with the situation said last month.
    “Today, convenience is sitting at home in your underwear on your phone or iPad,” Buss said. “The types of trips you’ll take to the mall and the number of trips you’ll take are going to be different.”
    But even brands moving aggressively online have struggled to match the growth of market leader Amazon.com Inc.
    The Seattle-based company accounted for 53 percent of e-commerce sales growth last year, with the rest of the industry sharing the remaining 47 percent, according to EMarketer Inc. https://www.bloomberg.com/news/artic...s-up-retailers

    I was always wondering when this was going to happen since buying products on Amazon or Ebay gave you the ability to shop on the Net for the best price without even leaving your home. I admit I have been doing this myself for just about everything except food and some larger items where cost of shipping makes it more expensive then shopping local. I shop at the hardware stores and buy plants at the Nurseries, but the computers, and some clothes , and sporting goods makes sense to buy online. Just wondering how everyone feels about major stores like Sears, Penny's and others going away. Will that make much difference to you or are you ok doing most of your shopping online?




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    Anarquistador StanStill's Avatar
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    I don't really have any sentimentality for shopping malls really, but I do think it's troubling that buying and selling things is quickly moving to something people do without ever actually talking to someone face to face. It's one of those things that people have lamented since the advent of television. That part of what was just considered human nature—social living—is slowly being replaced by sitting in your living room.

    Right now, it's shopping malls and retailers, but eventually it could be the beauty and fashion industries entirely. After all, who needs to be beautiful when you never leave the house? If there was a way, I'd invest in online psychologists and psychiatrists, because I think depression will be a booming growth industry. Time to reorganize the stock portfolio. Who makes Zoloft again?
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    Veteran Member GordonGecko's Avatar
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    Weirdly....as Sears disentegrates...and it APPEARS as if brick-and-morter places are being destroyed by Online?


    Amazon has announced ....it's opening up a chain of brick-and-morter stores???
    Thanks from Minotaur

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    Chaos in fourteen lines Minotaur's Avatar
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    It is very much like the Rust Belt states struggling to survive outdated energy or moving to retrain and embrace new energy. Outdated concepts are always hard to watch. This too will impact employment but I'm afraid nothing can stop it as buyers have embraced online purchasing.
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    Chaos in fourteen lines Minotaur's Avatar
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    Quote Originally Posted by GordonGecko View Post
    Weirdly....as Sears disentegrates...and it APPEARS as if brick-and-morter places are being destroyed by Online?


    Amazon has announced ....it's opening up a chain of brick-and-morter stores???
    It will be interesting to see what that means in terms of exactly what will the store's concept be. Home Depot lowered the amount of new builds to focus on online sales. The stores they build in the future may or may not be small satellite versions. I haven't kept up with that part so I'm guessing.
    Thanks from GordonGecko

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    Veteran Member bajisima's Avatar
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    Quote Originally Posted by StanStill View Post
    I don't really have any sentimentality for shopping malls really, but I do think it's troubling that buying and selling things is quickly moving to something people do without ever actually talking to someone face to face. It's one of those things that people have lamented since the advent of television. That part of what was just considered human nature—social living—is slowly being replaced by sitting in your living room.

    Right now, it's shopping malls and retailers, but eventually it could be the beauty and fashion industries entirely. After all, who needs to be beautiful when you never leave the house? If there was a way, I'd invest in online psychologists and psychiatrists, because I think depression will be a booming growth industry. Time to reorganize the stock portfolio. Who makes Zoloft again?
    I suspect we will also find out down the road that all this lack of "facetime" if you will, with other humans, desensitizes us and makes us angry and less caring about each other. Long term this will have dire consequences, people wont care at all. Its why currently we occasionally see these rapes or beatings on social media and people watch without doing anything. People will walk by someone being harmed or being poor and not care at all. We are well on our way.

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    Veteran Member Eve1's Avatar
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    I have to admit I am the biggest fan of on line shopping. The only time I go to a shopping mall is with my husband. He refuses to allow me to buy him his cloths on line, he says he has to see and try on the cloths before he can make up his mind if he likes them. He also refuses to go alone to the mall to buy his cloths so I end up having to go with him. Thank-fully because he is one of those men that can't stand shopping the trips are down to max, twice a year , and he buys in bulk as he hates going back.

    Malls will continue to exist for people like my husband who are stubborn about using computers for anything but looking up information and for people like a few friends of mine that find shopping FUN.

    I find shopping at a mall as fun as a tooth ache. Don't get me wrong, I love getting new things as much as the next person but shopping in a mall was never FUN regardless of the stuff you brought home.

    For those people afraid of getting their credit card info stolen a great solution is just shop using prepaid cards. Problem solved.

    With respect to losing out on face time with other people you are right. We eventually will never need to leave our home for anything. Work at home, shop at home, get food delivered, watch movies at home, do our social activities on line (forums, clubs full of like minded people), do all financial activity on line, and I'm sure eventually we will have all education on line and get rid of schools and do all our worshipping on line and get rid of churches. Then we will be truly fucked. We will really be living in our OWN LITTLE WORLD.
    Last edited by Eve1; 10th April 2017 at 06:20 AM.

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    In my area all the big retailers carry the same stuff at apox. the same price. And it's mostly cheaply made stuff from China.

    I've given up going to them when I'm in need of a particular thing because usually don't have it. That leaves only on-line sites to find most items or anything with some quality.

    Home Depot and Lows moved in and put the hardware stores out of business. Now you can only buy what they sell and they don't have the things the smaller hardware stores used to carry.

    I think our genius retailers are on a path to self destruction.

  9. #9
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    Quote Originally Posted by StanStill View Post
    I don't really have any sentimentality for shopping malls really, but I do think it's troubling that buying and selling things is quickly moving to something people do without ever actually talking to someone face to face. It's one of those things that people have lamented since the advent of television. That part of what was just considered human nature—social living—is slowly being replaced by sitting in your living room.

    Right now, it's shopping malls and retailers, but eventually it could be the beauty and fashion industries entirely. After all, who needs to be beautiful when you never leave the house? If there was a way, I'd invest in online psychologists and psychiatrists, because I think depression will be a booming growth industry. Time to reorganize the stock portfolio. Who makes Zoloft again?
    YES TO EVERYTHING!!!

    Everything DELIVERED to your house so who needs STORES? Who needs to TALK to anyone? You can text! Trucks and cabs will show up on the streets with no drivers. Peopleless cabs will show up at your houses to take you wherever you need to go. Burgers and fries by robotics at your local MC DONALDS (yes, it is being tested now--and it works). Diagnosis for numerous ailments by biometrics on your phone fed to your doctor who emails prescriptions to your pharmacy in. ON-LINE COURSES written by universities and textbook writers (and these are the 'state' schools).

    WHO NEEDS PEOPLE??

    I doubt ANYONE on this board fits the demographic but if you are a WOMAN with functioning ovaries and a uterus and have that driving URGE to reproduce, retrain your brain! UNLESS YOU ARE IN THE TOP 5% OF THE POPULATION, then go for it. YOUR KIDS will OWN EVERYTHING in 2 generations.
    Last edited by cpicturetaker12; 10th April 2017 at 06:41 AM.

  10. #10
    Veteran Member GordonGecko's Avatar
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    Quote Originally Posted by Minotaur View Post
    It will be interesting to see what that means in terms of exactly what will the store's concept be. Home Depot lowered the amount of new builds to focus on online sales. The stores they build in the future may or may not be small satellite versions. I haven't kept up with that part so I'm guessing.
    The idea may be to get people to order online....but make the pick-up at the store with the promise of "special discounts" or "no shipping charge".

    Then once in the store, Amazon "up-sells" them to in-store merchandise.
    Thanks from Minotaur

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