Lisa Futvoye-Shepherd #1 As you read this article, approximately a billion square feet of retail space is sitting vacant in the United States. #2 Last week, Radio Shack announced that it was going to close more than a thousand stores. #3 Last week, Staples announced that it was going to close 225 stores. #4 Same-store sales at Office Depot have declined for 13 quarters in a row. #5 J.C. Penney has been dying for years, and it recently announced plans to close 33 more stores. #6 J.C. Penney lost 586 million dollars during the second quarter of 2013 alone. #7 Sears has closed about 300 stores since 2010, and CNN is reporting that Sears is “expected to shutter another 500 Sears and Kmart locations soon”. #8 Overall, sales numbers have declined at Sears for 27 quarters in a row. #9 Target has announced that it is going to eliminate 475 jobs and not fill 700 positions that are currently empty. #10 It is being projected that Aéropostale will close about 175 stores over the next couple of years. #11 Macy’s has announced that it is going to be closing five stores and eliminating 2,500 jobs. #12 The Children’s Place has announced that it will be closing down 125 of its “weakest” stores by 2016. #13 Best Buy recently shut down about 50 stores up in Canada. #14 Video rental giant Blockbuster has completely shut down all of their stores. #15 It is being projected that sales at U.S. supermarkets will decline by 1.7 percent this year even as the overall population continues to grow. #16 McDonald’s has reported that sales at established U.S. locations were down 3.3 percent in January. #17 A home appliance chain known as “American TV” in the Midwest is going to be shutting down all 11 stores. #18 Even Wal-Mart is struggling right now. Just check out what one very prominent Wal-Mart executive recently admitted… David Cheesewright, CEO of Walmart International was speaking at the same presentation, and he pointed out that Walmart would try to protect its market share in the US – where the company had just issued an earnings warning. But most of the growth would have to come from its units outside the US. I mean, via these share buybacks?
Posted on: Mon, 10 Mar 2014 23:28:49 +0000
Trending Topics
Recently Viewed Topics
© 2015