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.
Oh okay Rick congratulations your opinion matters how?
K-Mart should hold out a little longer. Target is going to be going bankrupt pretty soon.
Also you talk about me being a problem, while you fail to understand the difference between your and you’re!
David Saldana read a history book and stop listening to idiots that don’t pay any attention to what’s really going on in this country. People like you are so turned around that you think up is down and Obama running trillion dollar deficits is everyone else’s fault. Obama’s idea of fixing the economy that the congress caused is to spend more money that we don’t have. Try that at home and see how it works. Then applaud Obama for fixing racial tension by pouring gasoline on the fire
Just make sure you get all the talking points right and don’t look up the facts.
Look around at the cities with the biggest problems and you will see that they are run by your precious democrats. Oh, and make sure you believe them when they blame everyone else.
Read a book why don’t you.
hey Obama you see what you have done ,or maybe destroying jobs as you done HAS NOTHING TO DO WITH THE FACT PEOPLE DO NOT HAVE MONEY TO SHOP THESE STORES
What an idiot, they are closing due to 15 an hr, take an economic class please
Thanks Obama and Congress. way to regulate centralize control of business.
Economic collapse, civil unrest, Mid east on fire…Obama’s Plan all along folks. Got your AR-15 yet?
Well we used to have small retail businesses in this country before all these big ones. Guess we will just have to go back to the mom and pop business.
Steve Pike lolz for real this is proving our point