U.S. Stores Are Too Big, Boring and Expensive
This is a generational realignment in the way consumers spend their discretionary dollars, and the ramifications and economic dislocations are going to last for decades.This year alone there will be several thousand store closings. Hold aside for a moment the debacle that is Sears/Kmart -- that has as much to do with complex financial engineering as anything else -- and consider the ongoing changes in retail sales trends. Many factors are driving weakness in U.S. retailing:
The Bloomberg article written by Barry Ritholtz has lots more. Click on the headline above.
Personally I think he's sugar coating. We really won't have any uses for these storefronts at any price. Unlike the old mills of New England they won't last long enough to find new purpose.
Edit: Added this cartoon.
61 comments:
First!
I have enough stuff, enjoy bring used stuff back to life.
We were at Cocoa Village having lunch at a decidedly non chain restaurant. I don't think there are any chains there. Reasonable full. Lots of people walking up and dowe the street. Some tourists, some locals, all ages. Some new construction. An active playhouse, recently refurblished. A park on the side next to the river. No big or medium nbox store. A historical society bldg. Thai, French, steak, vegan, parking a couple blocks away,.and on street, very walkable. But clothes are only resort style. Home Depo, which is anchor in a small strip mall, is always very busy, and always has a lot of people to help you. Seems like the malls should look at what is successful and try to adapt some of that.
Help, the turtles are out of control. I was chopping sawgrass, the yard guy doesn't do it close to plants. And I was chopping near the gardenia bus and found a turtle hole I stuck a long piece of sawgrass down the hole and it went in a least 5 feet. Didn't feel a turtle and didn't feel the end of the hole. A palace down there. A bricked n over area at the other end of the fenced in back yard was ruined and will now have to be concreted. I like the turtles,bit they are becoming very destructive.
Dow up a smidge.
Video idea Turtles Gone Wild!
Except they are almost always down in their hole. They see us, they run fast into their hole
It's just you and me, LBD. Sad.
I guess the others really like the mud wrestling.
The new world is not looking that good with technology boom cranking up again. Leaves to many behind and that leads to trouble. :(
I'm off and on the blog this morning. Taking a break right now from the veggie garden rehab. Soooo many weeds/grasses.
We used to have problems with 1st world/3rd world. The new divides are not respecting borders. As savvy as i think i am the idea that Tesla is worth more than Ford is beyond my ability to understand. The idea that Snap has any value mystifies me.
Then again i order via Alibaba or Aliexpress almost weekly. Not a total troglodyte.
As a consequnce it worries me greatly that the likes of google and twitter are unabashedly filtering reality for their profit and pleasure.
Almost no houses built on Merritt Island for 10 or so years. Now someone who got a permit. Got 16 in 2005 wants to build 40. Protesting of course. Jobs are being added here, where do they expect them to live? Frank wrote a lether saying he didn't mind waiting a few extra minutes at a red light.
Oops F= hub.
Some idiot surfers surfing in Debbie.
Yep, yep, and yep.
N.B. Added a funny cartoon to the top post.
Trying to remember the last new home in my 'hood. There is about one scrape and rebuild every year.
[Rob Dawg] "The idea that Snap has any value mystifies me."
I humbly submit this to be the classic PEAK MARKET flag. At least sock puppets had non-zero tangibles.
Your full disclosure shows far too much sanity to be in this stock market.
Aren't we supposedly having a homeless crisis? How about use the big box stores for homeless shelters?
Looks like we may get a new house in the neighborhood. Something staked out last week in a very poor ditch lot. They removed trees and did some fill dirt last year. The few lots left are the least desirable in the subdivision. In town a few new to replace the old firewood that will continue to rot. No growth and the mall continues a slow death.
Maybe they can repurpose failed big-box stores into homeless shelters.
Another California problem. The weeds are almost too pretty to pull.
https://2.bp.blogspot.com/-xnhTUByPbYQ/WNqZab3UKgI/AAAAAAAAI9w/fpt0tH6ByrsV6LZNd8pvosMLWYufZOGVgCLcB/s1600/SAM_1389.jpg
I like Target. The others can go.
Agreed, Target can stay.
Somebody would protest a lot for some reason. Ahhh, not enough toilets.
If the others left Target could make decent money. I wish someone has asked me about Burdines, before it got eaten. And I bet Marshall Field's customers would have liked a say.
And Filene's
There was a time when I spent a lot of money at Burdines. Maceys is not at all special, although it once was.
I don't know what Snap is.
Or so some older New Yorkers say.
Oh, I looked it up. BLeh.
>Aren't we supposedly having a homeless crisis? How about use the big box stores for homeless shelters?
Didn't see your comment, but yeah agree.
Even though big box stores weren't built for that purpose, it must be better for the homeless person than sleeping on the street.
And yes we must be having a homeless crisis now that a Rep is POTUS!
Are you crazy? Gopher turtle holes are a favorite place for Eastern Diamond Backs to rest during the heat of the day. Seriously!
They actually cohabitate with the turtles, so seeing a turtle go in is no guarantee that there isn't a rattle snake in there too
https://www.statnews.com/2017/03/21/science-research-fail/
Whole Foods put in a scaled down version of one of their stores where a JC Penny's used to be at one of our nearby malls..seems to be doing pretty good business from what I have seen.
They actually cohabitate with the turtles,
turtle to snake..."hey did you hear the news...Zillow says our home went up $100 today!!" ;<)
Hahahahehehehohoho
Snake: "I went on the website and mentioned the added basement."
"if only we could get rid of those pesky humans that live upstairs we could really get this place fixed up!!"
Only 50$. Today.
You are are just jealous you be don't have big turtles.
Still averaging +$500/day here but it takes only one sale of a "comparable" property to knock $30k off in a day.
The Pride of Madera bushes are about to bloom. Get ready for some great pics. Maybe even some hummers on the flowers.
Heck yeah I'm jealous. Gots me just about every other bit of the animal kingdom represented here. No turtles or tortises. The peepers are insane loud these days. One interesting thing is that the raptors are way up in the mountains because the rain is making for bunnies and rodents by the millions. No need to be down here until the dry season.
Cool.
Briefly talked to my friend losing her job at JC Penney. Not sure what she is going to do. She confirmed the closing of Payless shoes as well. Mall is dying fast now. :(
7 course meal in the Florida panhandle: a big gopher turtle and a 6-pack
I still wear a pair of wingtips I got at Filene's Basement in 1977.
Waiter, there is a snake in my turtle soup!
No turtle soup, these are protected tortoises!.
But the snakes arent.
Wake up east coast.
Good Morning from the Flatlands.
Still raining.
The day starts early on the left coast too. Trash day. Time to see if I can sneak a few armloads of green waste into the neighbor's bin.
More signs of a tired market. Sell in May and go away may be too late.
Bad dawg.
At least Mrs Dawg has got trained me not to go through their barrels looking for discarded treasures. It's tough. They toss great stuff.
Prolly no Rembrandt prints.
Time to see if I can sneak a few armloads of green waste into the neighbor's bin.
now that's funny!! That would be a great sit-com episode...up scale California neighborhood..where everyone sneaks around pre-dawn putting trash in each others garbage cans... lol
g'mornin everyone
Perfectly good broom handles make great tomato stakes.
And you find something incriminating like broken sex toys or evidence of a heinous crime. While agonizing over the consequences it turns out they did the same to you and in a final scene both couples confront and it turns out there are perfectly innocent explanations all around. Cue laugh tracks and send me residuals.
Talking about my jet ski project at bowling I got two roller bunks and a full set of wobbly rollers for free. I never rummaged in the neighbors trash.
Mike, Great Idea for a British sitcom, a neighborhood of the not so rich showing of their new stuff they pilfered.
Oh, lord.
Good reasons not to watch tv.
In my gardens, front and back, I just let waste drop, and eventually when I plant something spread some dit over it. Remember we live on a sand dune. Anything organic is great.
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