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01-15-2016, 02:01 PM
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#1
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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WALMART CLOSES 269 STORES
When the biggest employer in the US is closing stores and laying off 16,000 employees, what does that say about the state of our economy? IMO, it's the beginning of much worse to come:
http://www.businessinsider.com/walma...-stores-2016-1
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01-15-2016, 02:16 PM
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#2
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Registered User
Join Date: Jan 2006
Posts: 28,569
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Alas...my neighborhood Walmart store remains open.
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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01-15-2016, 02:38 PM
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#3
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,915
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Article says that most of the store closings are the smaller ones, called Walmart Express (102 of the 269), "Neighborhood Stores" (23). Then on the video they go on to say that they will focus on "smaller neighborhood stores."
The map would indicate that most closing are in the south and, specifically, in Texas and North Carolina.
It sounds like they're changing with the times.
Seems business models need updating every few years in this age.
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01-15-2016, 02:50 PM
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#4
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Actually, the article shows the ultimate failure of the "express" store concept. Just another nail in the Walmart coffin.....
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01-15-2016, 02:57 PM
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#5
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Registered User
Join Date: Mar 2005
Location: Queens, NY
Posts: 20,613
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The economy is looking very shaky. China is weakening badly, the collapse of oil is having a negative impact on a lot of highly leveraged companies in the US and other oil dependent countries, stock markets are cratering, and this is all happening right in the face of extremely low interest rates (negative real rates).
__________________
"Unlearning is the highest form of learning"
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01-15-2016, 07:17 PM
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#6
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,915
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Quote:
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The economy is looking very shaky. China is weakening badly, the collapse of oil is having a negative impact on a lot of highly leveraged companies in the US and other oil dependent countries, stock markets are cratering, and this is all happening right in the face of extremely low interest rates (negative real rates).
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... which will ultimately be cured by raising the price of oil to make life better for the big boys at the expense of the little boys.
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01-15-2016, 07:24 PM
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#7
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Registered User
Join Date: May 2004
Location: New Hampshire
Posts: 14,486
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Well the truth hurts, the flower story the President had with the State of the Union.
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01-15-2016, 08:56 PM
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#8
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Registered User
Join Date: Aug 2009
Posts: 6,376
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Quote:
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Originally Posted by fast4522
Well the truth hurts, the flower story the President had with the State of the Union.
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That image made me chuckle...
__________________
Remember To Help Old Friends Thoroughbred Retirement Center.
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01-15-2016, 09:05 PM
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#9
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Registered User
Join Date: Jun 2009
Posts: 14,569
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Quote:
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Originally Posted by Dave Schwartz
... which will ultimately be cured by raising the price of oil to make life better for the big boys at the expense of the little boys.
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Ain't that the truth?........ 
Meanwhile, others on here will just pin it on the POTUS....... 
Last edited by horses4courses; 01-15-2016 at 09:07 PM.
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01-15-2016, 09:16 PM
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#10
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Registered User
Join Date: May 2005
Posts: 1,735
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Quote:
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Originally Posted by ReplayRandall
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From the last paragraph of your link, it looks like they are opening as many stores as they are closing.
"The retailer said it still planned to open more than 100 US stores in the next year, including 50 to 60 Supercenters, 85 to 95 Neighborhood Markets, and seven to 10 Sam's Club locations. Internationally, Walmart plans to open 200 to 240 stores within the next year."
__________________
The ponies run, the girls are young
The odds are there to beat
You win a while, and then it's done
Your little winning streak
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01-15-2016, 09:53 PM
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#11
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
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Originally Posted by banacek
From the last paragraph of your link, it looks like they are opening as many stores as they are closing.
"The retailer said it still planned to open more than 100 US stores in the next year, including 50 to 60 Supercenters, 85 to 95 Neighborhood Markets, and seven to 10 Sam's Club locations. Internationally, Walmart plans to open 200 to 240 stores within the next year."
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Yeah, it's laughable...next they'll announce that their new spokesperson is Jeb Bush, just as soon as he quits getting his ass kicked by Trump.....BTW, are those 16,000 laid off employees going to just sit around and wait while those "new stores" are being built? Or should they just continue getting government asst., like they were while working for Walmart?......Yeah, great company that Walmart is.....great, just like Jeb!
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01-15-2016, 11:08 PM
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#12
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,915
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Quote:
Ain't that the truth?........
Meanwhile, others on here will just pin it on the POTUS.......
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Really? You want to plumb that well?
Much of it is, in fact, the doing of our current bozo, just like the bozos before him. They all serve their masters, or do you think that bo... sorry, Mr. Obama... is just pure good guy playing for the poor people?
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01-16-2016, 12:49 AM
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#14
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Authorized Advertiser
Join Date: Dec 2014
Location: Oakland, Ca
Posts: 7,953
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Quote:
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Originally Posted by Valuist
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Financial advice from this guy? Looks like he just spent a few days in the drunk tank.
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01-16-2016, 01:29 AM
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#15
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Veteran
Join Date: Oct 2009
Posts: 25,607
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Quote:
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Originally Posted by fast4522
Well the truth hurts, the flower story the President had with the State of the Union.
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Isn't the statement 'I cannot tell the truth' actually the truth?
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