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.
Let’s push memes
Many of these are of truth an theory. All I know there is much going on in the world. Climate is changing, government’s are lieing left and right. Finding other truths of technology that can be used on humans for control. Look into nanotechnology, it exists for a means of helping use in good ways. But if mechanized… I’ll leave it at that. There is much more technology no one even can imagine. I say this not to scare but for people to step up, speak out before it’s to late. Question and know the insanity of today portrayed by government and people’s. All is not as it seems.
There are rumors of FEMA Agents supervising modifications of some of the larger Walmart stores that have closed.
Thanks to ObamaCare and Crapifornia’s minimum wage lunacy.
But the unemployment is onlu 5%. hahahahahaha Liars
I can see where Obamacare would cause lack of money for consumer goods.
Who voted obama?
But I thought Obama said the economy is strong???
Obama has saved nothing except the gays …transgender ,,muslims .If u are not in this crowd u ain/t nothing in his eyes . This is the worst president in office since clinton
Larry, these stores have suffered for several years from below-average merchandise and less than stellar customer service. I think it really began with the merger of Sears and KMart. My father-in-law was a long time employee of Sears and after his retirement he commented about the “cheap” merchandise at Sears. I think it is just a matter of time before they no longer exist. Such a shame for a great name, Sears Roebuck & Co.