5 retailers shuttering stores

These chains are battling to avoid the fate of Borders, Circuit City and other well-known retailers that went bust.

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VIDEO ON MSN MONEY

194Comments
Feb 14, 2012 2:35PM
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I feel sorry for the American people, your country used to have a hugh GDP, but your government Republicans and Democrats, big business  have over the years made you a nation of consumers not producers, the American worker is suffering because of cheap imports, make it in China, Vietnam and all those pacific rim countries with wages a 10 cents an hour......how can workers here compete?.....they can't...hence all of your unemployed people, mortgage defaults...it's horrible.....when I travel to your country which is often, I ALWAYS try and buy American made....what a joke, it's almost impossible, it's time for the American people to just say no to cheap imports, I don't see Jack Daniels being made in China???...get the economy moving, HOW....any business small or large who want to use cheap labor in foreign countries will have to pay a large tariff on imported items......see if they outsource now!...Haaaaaaa....where is the pride that American once had??...in cheap electronics and other widgets that American people can make.....do you remember when televisions used to be made here???..I do and I am not that old.  People of America....demand more from your government.....bring​ the jobs home or there won't be any for future generations. Thanks for reading this.  Tom  a true patriot (Canada & U.S.A)
Feb 13, 2012 9:41PM
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Boycott Wal-Mart. We want to keep small businesses and the older chains viable, we need to stop sending all our money to China to build shitty stuff that Wal-Mart sells.
Feb 15, 2012 5:02PM
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The framers of Constitution contemplated a temporary Congress that would, every year or two, put down their plows or close their banks or stores, travel to the Congress to handle matters of federal importance, and then RETURN TO THEIR REGULAR JOBS!!!

 

Today we have a ruling class who feel almost as entitled to their positions as they claim the poor/aged act entitled to their social programs.

Feb 15, 2012 7:22PM
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I don't know why any one is so surprised by what is happening and has happened to our country.  The U.S. is reaping what it has been sowing for decades. Various people have been sounding the alert for decades, but we chose not to listen.  Just like with global warming - which I first heard about 50 years ago when I was in the 4th grade - our "leaders" chose to do nothing and now it is too late..  We are still indulging in selective listening and poor judgment - just look at our pathetic political system and the utterly horrid people we have to choose from for President.  Lord help us!  YES - we definitely need term limits  - not only for the president, but for Congress and the Senate - no more life-long jobs!!  It breeds corruption, cronyism, and only lines their pockets and stuffs their bank accounts and keeps them utterly out of touch with reality and their constituencies.

 

Come on.  A nation that could elect that f*****g idiot George Jr. for not one - but TWO - freaking terms in office and idly stood by picking their noses and allowed him to totally destroy what was left of what was once- and never again will be - the most wonderful country on earth, should expect no less than we are getting.

 

You can point the finger at others, but look down at your hand - there are at least three fingers pointing back at you.

Feb 15, 2012 12:21PM
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The problem with our country is the congress.  They feel they run this country.  they feel as if they bought the right with the high price to run for office.  When they let the time run out on the country's finances and lowered our credit rating, I realized our interests had nothing to do with their decisions.  Therefore I will not vote to reelect any sitting congressman period.  Then see if our stores can pull out from our difficulty with backers in congress who care. 
Feb 15, 2012 4:58PM
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Should we finally consider term limits. Maybe a fresh start would be nice.
Feb 14, 2012 8:41AM
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I heard on MSNBC yesterday how well senior citizens are doing under the Obama administration. I'm here to tell you NOT SO!!! Wake up America!
Feb 14, 2012 10:32AM
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It's election year! Get ready for the biggest whoppers you've ever heard!!!
Feb 16, 2012 7:15AM
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From the moment we as a nation started buying from companies who choose to take their companies overseas, we were in trouble.  From televisions, textile , steel, wood, drywall, autos, trinkets, food...etc, we encouraged the decline of the United States.  We were so engrossed in "instantly cheaper", we couldn't see the "enormous price" we would eventually pay.  When the unemployment rates go up...so everything follows suit.  Current employment figures "do not" accurately reflect the numbers.  Some people exhausted their benefits years ago and are still umemployed.  The moment we allowed foreigners to get a "free" college education, we increased the price we have to pay for US citizens to get a college education.  Obesity in the US is a direct result of the federally mandated school lunch menu.

The cost of War is the main reason for the national debt.  Lack of regulation is the cause of the extreme cost of prescription drugs.  Borrowing money from the Social Security fund and never repaying it results in the solvency of the fund.  Lack of a flat rate tax and loopholes in the tax system results in inequality and also the lack of funds.  Recieving services without having to do anything if able contributes to inequality.  The advancement in technologies has created change...walking around texting instead of with a book to read.  We are all part of the problems somehow, someway.  Possible solutions...Buy American or go without for awhile...Educate yourself via technology as much as you possibly can....eat smaller and healthier....work at something and toward something..Get involved in helping others to achieve all they are capable of achieving.  God Bless America.  I love this country even with all its flaws....it is an awesome place to live.

Feb 14, 2012 4:00AM
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I'm not the Leader, but I know the economy is NOT getting stronger...I call a Spade a Spade..Don't piss down my back and tell me it's raining.
Apr 9, 2012 3:38PM
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Funny that no one has mentioned Wal-Mart ruining the economy.  They once boasted "Made in The
USA".  They should put up new banners "Made in China".
Feb 15, 2012 6:25PM
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the reality of expenses today are devastating..we are retired,on modest income,and find we stay at home more and more now with gas prices.we do not go out and eat, and when we do go to town, shopping is sparse,and

only get things on sale. this is terrible for us at christmas and birthdays,not being able to do much for the kids.

our lifestyle has changed dramatically,and my husband gets angry over the way our life and retirement has

taken away any pleasures we should be enjoying.we now shop at the dollar store and goodwill..

Mar 13, 2012 11:30PM
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Stores refuse to change until people exit -- I am not going to spend my hard earned money at stores when they don't care about their customers. 
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Well its our fault. we elected these people to office. So as i see it WE are the ones to blame
Apr 9, 2012 2:35PM
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Problem with Macy's  is it is  catering to the new  third world Immigrant population, the quality & design of clothing is geared towards certain Ethnic groups , fabrics are cheap & nasty petroleum based synthetic loud and tasteless , they seem to think we all want to look & dress like lady's of the night,.
The Conservative Dresser, has been sidelined especially in Florida Macy's , - now , Dillard's has succumbed to this Market trend , Nordstrom's is about the only Department Store  to really care about it's discerning Customers.
J.C.Penney & Sears just lost the Plot completely with old tired stores, personnel who look bored and hiring of personnel who do not speak English is a definite turnoff , also this penchant to have manufacturers use  tacky Colors, just for them , who wants to look like they bought clothing made just for Penney's ? as for buying at Target, now why would we want to buy from the "FRENCH " ? we can do better, get back to basics and buy only clothing made in America of Cotton grown in America , let us stop buying this cancer causing poisoned clothing from China.

Feb 14, 2012 9:40AM
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            Where does anyone get the idea that the job market is improving?  The numbers the Feds put out are purposely misleading if not outright lying. The percentage of Americans out of work has not declined, only the way it is reported. If there are less jobs available and people have given up actively looking for work then you get lower numbers of unemployment. Why did Macys give lay off notices the last week of December? The last week of DECEMBER! That should have been their busiest week of the year and  they were telling long term employees they were out of a job on January 1st.

Retailers do not lay off in good economic times.

Feb 14, 2012 7:09PM
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President's don't create jobs, it's the private sector based on consumer demand.
Mar 13, 2012 9:49PM
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My biggest problem with retailers is that, in order to keep their stock prices low, they underproject their sales, and, staff according to that underprojection.  That's why there's no help when you go to stores like Macy's.  Lack of service makes people ask themselves, "why am I shopping here, paying 20-30% higher prices than Target or Walmart, when I'm not even getting any service?"

 

That's why these companies are going out of business.  The full service department stores are supposed to have service as their brand - they took the service away and now they have no value to the American consumer.  We might as well all shop at Target.

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Maybe if the CEO's would stop looting  their companies, they'd have some money left to operate on.
Feb 16, 2012 4:36AM
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For a couple of these retailers it's about the cost of what you're selling.  The average person cannot pay $70 for a cheap t-shirt!  Perhaps if they didn't try to be so upscale by selling over priced clothing then they wouldn't be in the predicament they are in.
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[BRIEFING.COM] The stock market welcomed the new trading week with a mixed session that saw relative strength among large-cap stocks, while high-beta names underperformed. The Dow Jones Industrial Average (+0.3%) and S&P 500 (-0.1%) finished near their flat lines, while the Nasdaq Composite and Russell 2000 both lost 1.1%.

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