Another two bite the dust in this Obama economy, as Sears and Kmart will be closing “68 Kmart and 10 Sears stores this summer in its latest move to cut losses.”
A large number of large chain stores are suffering from our failing economy, resulting in closures and mass layoffs. From Macy’s, to Walmart and the John Deere, the largest manufacturer of farm equipment, none have been immune to government overreach and the failure that is Keynesian economics.
Truth and Action has been following the economic collapse of retail stores across the nation, with a projected 6000 stores closing.
Major U.S. retailers have announced the closing of more than 6,000 stores from coast to coast. The list includes only those retailers which have announced plans to close more than 10 outlets this year and next.
For example, 1,784 Radio Shack stores are vanishing, 400 of the Office Depot/Office Max chain by 2016, and 340 Dollar Tree/Family Dollar stores.
Walmart has closed many stores to help with profitability, reported Truth and Action months back.
One hundred and fifty four stores of the total two hundred and sixty nine are located in the U.S., and most of them are Wal-Mart Express stores or Neighborhood Market stores rather than the Super Centers that attract much more traffic and are generally more profitable. Wal-Mart Express stores launched in 2011 and are small convenience stores, with a total of 5,000 stores in the Wal-Mart system. 102 of the total closures will be Wal-Mart Express stores. In addition, Wal-Mart is seeing a good deal of competition from online competitors such as Amazon.com, and they are beefing up their online capability to answer that challenge.
Discover more about the Sears and Kmart demise on the next page.
And people want another demorat president?? They are all progressive liberal communists. They are doing this$#%&!@*on purpose to have the masses beg for their help while expanding government power even more. Look at education….teach the garbage common core or we pull all funding and watch schools close.
Wait a minute, wait just one minute !!!!!!!!!!!! The liberal socialist regime says that the economy is much BETTER now – so it must be true !!!!!!!!!!!!!!! Mwahahahahahahahahahahahahahaaha !!! 🙂
Trump 2016
Obama economy at its best I’m in the trucking business and it is worst it’s ever been since the late 70s jimmy carter days TRUMP WILL GET OUR JOBS BACK TRUMP 2016
Tom Stratton , so what! Tell it anyway!
Not good at all and obama is sitting on his$#%&!@*laughing while pur economy is collapsing around us. Clinton had Monica in the oval office and obama has The Muslim brotherhood in the oval office.
Barrys doing.
Barry’s doing. Shameful
You sure need am education in economics, Arron Guy!
You need education on how to read English. And common sense on when people are using sarcasm.