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.
More FEMA camp facilities!
— Target is next —
Wait until the $15 begins to kick, then you will see tons of stores closing.
Looks like small business will be booming.
Lots of democrits who actually do work are gonna discover they’ve been voting wrong!
Good, I don’t go to either
Kmart merged with sears a few years ago. More companies are laying off.
Thanks obama. 9 Traits Of A Conversion
Towards A Socialistic Society
(Socialism is the transitional period between Capitalism and Communism)
~Stigmatize
Label and attack those who disagree as intolerant, pushing similar arguments as fact until disagreement subsides.
~Revolutionize
Infiltrate media and education in order to indoctrinate the youth and general public.
~Destruct
Dismantle the idea of traditional and family values, removing God from public acknowledgement.
~Modify
Promote a reality where the normalization of immorality creates a discrimination of morality.
~Neutralize
Move to create a society where the line between right and wrong fades in the name of equality.
~Realign
Flood the country with immigrants (legal and illegal) in an attempt to skew the voting electorate.
~Empower
Institute a general public dependency on government through entitlements, creating a votes for benefits mentality.
~Monopolize
Allow for laws that push government control under the premise of public benefit.
~Conceptualize
Enable a public perception that everything is acceptable and government is the solution, not the problem.
Odumbass’s world.
Idiot