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.
That’s because Obama and the Obama administration made our economy so great
I find it hard to believe that any one can be so stupid as to believe Obama has not destroyed America. If think America is going to make it tell next year. Good luck my friend. You are going to need all the luck you can get. If you think the government is going to save you. Get a grip. What do you think the fema camps are for. A true American is prepared. Like the boy scouts of old. Something a kool-aid drinking Democrat would know nothing about.
As my grandfather told me when there was trouble around the corner. The$#%&!@*is about to hit the fan. All the signs are there if you take your blinders off.
Its going to be welcome to the renewed America or welcome to the new one world order. I guarantee you won’t like the new one world order. Good luck my friends.
And yes folks this is what Obama and the Obama administration wants to bankrupt our country and send our jobs out of the country
Obamanated!!!!!!
So sad. We can still shop via computer, but all those people will be out of work.
More jobs gone, more losing income, more poor, more reliant on unemployment, no jobs to find, more bankruptcy of homes, more control of the people when they are desperate. Wake up people.
First of all Kmart should of closed along time ago, have you been in one lately? The staff and management is a joke.
Obama Nation
Target with now sales from boycotting. Next
Lol