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.
These stores should look at the selection of clothes it offers and check the buyers for the stores …this is the same thing that happened to the Hills Dept. Stores …you can NOT trust the buyers for the stores since they are working for more than one store …like Walmart !?!?!?
Must be the robust economy Obama created.
I went to Sears yesterday for a pair of work boots (Wolverines) that I really liked they are $160 or so and found them in brown and asked if I could have them in black… The sales lady said no but she could order them online for me?
Went home ordered them myself for less money and will never go brick an mortar again. The sales lady even tried to tell me they never sold them in black an I’m like so your telling me I made up some alternate universe in my head where in my world the Sears there sold them in black… Wtf?
https://youtu.be/d9nlzNcujFs
TARGET NEEDS TO GO NOT SEARS !!!!!!!!!!!!!
you know how Assad encircled cities cuts of supplies pollution in the water and gas bombs coming to a place near you
Next on the chopping block target!
Sears is a bad place to shop. They can not do simple book keeping . I closed my account a long time ago because of poor service and big disputes on charge account.
It is unfortunate but maybe we just have too many of these big stores.
Well done Obama ! Moron