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.
Yes I totally agree real Mormon
Why doesn’t people this decade understand sarcasm?
”’You’re “””
Aaron Guy they aren’t closing because they’re not spending enough money. Bernie is your BUD because like the rest of his koolaid drinkers, you don’t understand basic math. Put down your game controller long enough to read a book. May I suggest, ECONOMICS IN ONE LESSON. Best wishes.
Thank you REAGAN and BUSH for destroying AMERICA! !!! VOTE HILLARY 2016!! AND LETS CONTINUE OBAMAS LEGENCY! !!!!
I don’t shop either
Yep im glad you’re not that stupid
I don’t know Aaron Guy. Why doesn’t they?
Of course they close cause their profit margin is cut and super elites want more and business wise it’s not business sound to pay a clerk more then it cost to run and own store , and no Bernie is not the solution Congress needs to stop the childish behavior and stop taking payoffs of super elite trillionares from around the globe for their self interest and start thinking economically of sound mind ,of right and wrong , not just for self gain as they too will suffer when we do as is seen around the world , the elite rich don’t give a dang about Congress as they saw what elites did to kill the JFK mob hit after it was done they were killing them and as the old saying goes too much greed may seem awesome at the time ,but remember karma is a$#%&!@*and it will come back and bite you in the$#%&!@*!!!
AMERICA WANTS TRUMP…….Make America Great Again..