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.
Talk about uneducated, go look in the mirror and see the epitome of uneducated. Bill Clinton was only successful because he had a Republican congress that pushed him to the center. If you think Hillary is a good match for the White House, try calling her in the middle of the night when IsIs is knocking on your door and wants to chop you funny looking head off. Keep drinking the koolaide and maybe you will make more than a welfare check.
Thanks obama you muslim!!
Again you are a stupid ignorant$#%&!@* When Oblama took office the debt was at 8 trillion and Oblama took it up to almost 20 trillion. Bush hasn’t been in office for over 7 years but you left wing nut jobs who are so ignorant still blame him. Again look in the mirror and if it doesn’t explode you will see a true ignorant person who should not be allowed to vote or create others in his image.
No!
Where the Barry voters going to go strain , I mean shipping when all the stores are gone? Answer gonna rob where never they can, until they meet a 2nd amended that will put a stop to their savage ways.
There is no cure for stupid and you prove it. I have never seen someone so stupid. Get your head out of your butt and start breathing clean air.
Are you aware of the term SARCASM! YES!
Aaron you may or may not been joking. Bottom line whats going on in america is not a joking madder. And if you think it is. You are the problem along with all that think that way.
Obama and , “I’ve got a pen and a phone” is destroying American business
Macys going to be next Bob Evans and Kohl’s you ask our government and they’ll tell you the economy is great