7 retailers on the ropes

These mainstays of American malls and Main Streets are under pressure from myriad challenges, from online competition to poor management to data theft.

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221Comments
Feb 5, 2014 8:29AM
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Blame it on whatever you will, but as the buying public becomes more and more broke, as it is doing right on schedule, you'll see more and more of this in the near future. A nation with out jobs is no nation at all. We are done as a nation and I know most of you don't want to recognize it or admit it, but it won't be much longer now before you won't be able to escape from the reality of it all.
Feb 5, 2014 9:15AM
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Bad economy equals few good jobs equals little or no money equals little or no shopping equals the decline and eventual death of marginal retailers.  Simple cause and effect.
Feb 5, 2014 12:52PM
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What does Sears expect when they bring on the Kardashian whores?  We get that they're scraping the bottom of the barrel but bringing on those tramps just underscored how hopelessly inept and desperate Sears really is.
Feb 5, 2014 10:14AM
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Its hard to understand a political philosophy that insists on taxing businesses ever more and placing more burden on them, such as the ACA and a higher minimum wage and then, when the business fails purports the only solution is more taxes , more regulation and higher labor costs.

Its equally hard to understand an electorate that fails to understand the ever lower labor participation, vast expansion of programs such as Food Stamps, Unemployment, Medicaid, Government Pensions, and other entitlements will place ever more pressure on the fewer folks working and the businesses whose doors are open. Why is this so hard to comprehend is really beyond me until I look at the quality of education are kids have versus most developed countries. Then it becomes all clear. This country, on a whole is really, really devoid of critical thinking skills.This country is completely populated by folks with the thought that more government, less work, uncompetitive schools and more debt is the solution to our problems.

Wow are we in for a bad shock. It takes more than Hope & Change. It takes education, hard work, personal responsibility and making good life choices.


Feb 5, 2014 8:00AM
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Hoisting photographs of three brands up high in the article doesn't single them out as victims? What's on the ropes is globalization and heavy importing of cheap goods... deep discounting just to kill off a competitor or entire Main Streets of mom & pop enterprises, nightly sweeps of a day's revenues and wages below sustainability in the storefronts while administrators take windfalls. Literally the business, finance and administrative degrees are on the ropes because they are producing dopes, not ethical sensible capable professionals.

These aren't bad businesses, they are poorly managed and administrated by bad people.

Feb 5, 2014 9:44AM
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50 yrs ago, people shopped in their hometown,Then the interstate was built and shopping malls were created. People abandoned local retailers and drove to the mall. 40-50 yrs later, local retail, is dead. Now this new gen of shoppers are going online to buy. A couple of gens in the future, who knows how people will be shopping

Feb 5, 2014 8:55PM
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Here is a new amazing concept for Obama.  The more you tax the middle-class, the less they have to spend.  The less the middle-class has to spend, means less money circulating in the economy.   The less amount of money circulating though out the economy means, less jobs.  Less jobs means less tax collected.  It seems like logic to me, but I know that liberals won't understand.
Feb 5, 2014 9:25AM
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But the press continues to feed us a line about how things are getting better, Healthcare is struggling in spite of all the "newly" insured, think medicare,medicaid and it has been able to avoid up until a couple years ago the decline that business cross the board has been facing.  I think we will go through something similar to what Russia went through in the 80's, This country is having to come to terms with the fact that there are indeed limits to growth, and the cheap energy that fueled decade upon decade of growth is gone. 
Feb 5, 2014 11:15AM
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To all you people clamoring for the government to do more to lower unemployment, everybody who shops online should just look in the mirror and realize they're the cause of the problem in the first place.  As brick & mortar retailers downsize, people lose jobs.  This includes cashiers, stock clerks, managers, warehouse workers, buyers, etc.  Why do you think online retailers can charge less?  There's a huge amount less overhead!  No leasing or upkeep costs for multiple store locations.  Limited customer service staff.  Centralized warehousing.  Sadly, the business model of brick and mortar retailer will not allow itself to compete with online shopping and this is costing people their jobs.  Unfortunately, there are no jobs for them to move to because online retailers don't need them.
Feb 5, 2014 11:14AM
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Where's Radio Shack? They are about to close 500 stores and that's an lot.
Feb 5, 2014 9:02PM
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And the "affordable care act" is going to make nothing affordable for those losing their jobs because ot it.  Or, because of Obama.  I wish he would lose his job.
Feb 5, 2014 9:32PM
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 Good luck my neighbours to the south as wait until  the ACA kicks in.   Take it from a Canadian, you will be taxed to death and the middle class will be eliminated all the while your different levels of Government will call it equality.    
Feb 5, 2014 1:15PM
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Retailers should force their suppliers to manufacture here in the U.S. which will create more customers for them. Let's face it each job outsourced to Communist China and the Third World is one less customer for U.S. retailers.

 

Corporate America and the U.S. Chamber of Commerce are so greedy that they either forgot or probably just don't care that business not only provide goods and services they also create their own customers whether they like it or not. The more labor cost they cut the more customers they lose and industrial robots don't shop.


Feb 5, 2014 8:53PM
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Taxing the people to death doesn't help matters as we've seen the federal income tax go up on the middle class! I put the entire blame on the government for taking more of our money out of our pockets and giving us less to spend by taxing! It don't work!!! As long as the government keeps growing with obesity it takes more money to feed the fat bloated pigs in Washington..
Feb 5, 2014 12:54PM
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If one looks at history, one can easily correlate the times which created healthy economies with the times during which good pay rates and higher taxes combined to create a strong middle class.  If businesses want customers, those customers have to have disposable income.  That is not likely to occur when wages are stagnant or falling.  People who once had good jobs are struggling in jobs that no longer pay a living wage.  People who are struggling to put food on the table are not likely to buy big screen TVs.

During the Eisenhower administration taxes were at an all time high, yet the economy grew by leaps and bounds.  Under Eisenhower we spent billions on infrastructure projects, thus creating good jobs and providing citizens with amenities like good roads, safe bridges, dams and levees.  We had money for children's recreation programs.  We had good education.  And we had a middle class with disposable income.

Keeping your employees in poverty will insure that they cannot afford the products you manufacture.  Giving tax credits to companies who ship jobs overseas will guarantee a lack of good jobs for Americans.  Recruiting foreigners from China and India to fill jobs openings in America will guarantee that Americans do not get those jobs.  The GOP wants to eliminate ALL restrictions on foreign work visas.  How do you think that will impact the job picture in the United States?  It will certainly improve profits for the corporations, but it won't do a damn thing to improve the lives of Americans.

Feb 5, 2014 9:56AM
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If we don't pass the FAIR TAX then yes, We Are Screwed. And they better do it soon. Search FAIR TAX and educate yourself. It is our only hope.
Feb 5, 2014 1:24PM
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It is amazing to hear Obama talk about creating jobs and at the same time he is fast tracking more free trade agreements. The I-D-1--Ts n Washington, DC are turning this country in to a Third World; huge income/wealth gap and high unemployment.


Obama promised review of NAFTA in is 2008 presidential campaign but once in office he was negatively influenced by Larry Summers and renege on is promise. Our economic dire straits were brought about by PNTR Communist China ratified by the U.S. Congress in 2000. To anyone not familiar with PNTR CC read up on it and you'll find all the asinine reasons for its ratification.


PNTR CC is treason plain and simple and everyone involved in its ratification should be jailed for life.

Feb 5, 2014 10:51PM
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When we open our arms to cheap imports and call it "good", then we wait a few years for the jobs to leave, could that mean we did this to ourselves? Giving China one-fifth of our economy was a really stupid move, and we voted for those idiots again and again! What do we expect to gain from our mistakes now?
Feb 5, 2014 11:48AM
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Who are these "Experts" that feel the economy is improving? Yes, Corp America is still sitting on reserves till China slows and the Gov't teat dry's up but the middle class hasn't had any good news since the world wide collapse from Bush invading the middle east. Pure propaganda.
Feb 5, 2014 8:43AM
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Of course they are losing money its JCP, Sears, Aero, Target. What do all these stores have in common they sell crappy clothes that kids dont wear. Aeropastale used to have kids buying but that fad is gone just like abercrombie and hollister and american eagle will be gone in 5 yrs. Macys is in a mall does anyone still shop at a mall, they do you shop see what you like then buy online. As for best buy really only place you can go and see all the gadgets up close but still can find cheaper online.
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