$retailers 40 ????? $KSS $SHLD Already
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Posted On: 05/10/2017 2:50:00 PM
$retailers 40 ????? $KSS $SHLD
Already dozens of the largest department stores and luxury retailers have filed for bankruptcy, including…
American Apparel, Sports Authority, Limited Stores, Aeropostale, and Quiksilver.
Others are barely clinging onto life, like...
J. Crew, David's Bridal, Nine West, and Payless Shoes
Left in their wake is nothing but carnage.
This used to be the Randall Park Mall in Cleveland, Ohio.
When it opened it was the "world's largest shopping center," with 200 stores, three 14-story apartment buildings, two 20-story office complexes, and a performing arts center.
Now feast your eyes on the concrete graveyard that remains.
And here's what's left of the Granite Run Mall in Delaware County, Pennsylvania.
It's like a scene out of The Walking Dead. Only there are no zombies here – just scrap metal and dangling electrical wires.
[-img]moneymappress.com/pro/images/0417ZENRetail/GA-04-GIF.gif[/img]
most of them are ripping off tens of millions of Americans EVERY – SINGLE – DAY.
It makes me nauseous just thinking about it...
Jewelry stores charge a 300% markup for their goods…
Shoe stores, a 500% markup…
Clothing stores, a 350% markup…
Furniture retailers, a 400% markup…
And perhaps the most ridiculous of them all is eyeglass retailers, who charge an offensive 1,000% markup.
And you wonder why EVERYONE is going online?
According to Pew Research, in the year 2000, 22% of Americans did their shopping online.
Today it's nearly 80%.
This massive shift has turned traditional retailers into distant memories.
Remember A.C. Moore or Jones Apparel?
What about Alco, Coldwater Creek, and Borders Books?
Every one of these once thriving retailers is now a distant memory or barely clinging onto life.
Their shareholders probably want to tar and feather the boneheads who lit their money on fire.
Already dozens of the largest department stores and luxury retailers have filed for bankruptcy, including…
American Apparel, Sports Authority, Limited Stores, Aeropostale, and Quiksilver.
Others are barely clinging onto life, like...
J. Crew, David's Bridal, Nine West, and Payless Shoes
Left in their wake is nothing but carnage.
This used to be the Randall Park Mall in Cleveland, Ohio.
When it opened it was the "world's largest shopping center," with 200 stores, three 14-story apartment buildings, two 20-story office complexes, and a performing arts center.
Now feast your eyes on the concrete graveyard that remains.
And here's what's left of the Granite Run Mall in Delaware County, Pennsylvania.
It's like a scene out of The Walking Dead. Only there are no zombies here – just scrap metal and dangling electrical wires.
[-img]moneymappress.com/pro/images/0417ZENRetail/GA-04-GIF.gif[/img]
most of them are ripping off tens of millions of Americans EVERY – SINGLE – DAY.
It makes me nauseous just thinking about it...
Jewelry stores charge a 300% markup for their goods…
Shoe stores, a 500% markup…
Clothing stores, a 350% markup…
Furniture retailers, a 400% markup…
And perhaps the most ridiculous of them all is eyeglass retailers, who charge an offensive 1,000% markup.
And you wonder why EVERYONE is going online?
According to Pew Research, in the year 2000, 22% of Americans did their shopping online.
Today it's nearly 80%.
This massive shift has turned traditional retailers into distant memories.
Remember A.C. Moore or Jones Apparel?
What about Alco, Coldwater Creek, and Borders Books?
Every one of these once thriving retailers is now a distant memory or barely clinging onto life.
Their shareholders probably want to tar and feather the boneheads who lit their money on fire.
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