And it continues. Retail stores have been closing up shop at a more rapid pace than we have seen in a very long time. It is currently on pace to be worse than the years leading up to the Financial Crisis. Some have blamed ecommerce. Others blame it on bad companies. Let’s look into the details today.
These Chains Have Announced a Ton of Store Closings in 2019
https://moneywise.com/a/retailers-closing-stores-in-2019
Malls see tsunami of store closures as foot traffic declines further
https://www.cnbc.com/2019/04/15/malls-see-tsunami-of-store-closures-as-foot-traffic-declines-further.html
‘Retail apocalypse’ now: Analysts say 75,000 more U.S. stores could be doomed.
https://outline.com/seT5mU
Commbank told to come clean on ‘secret plan’ to slash 10,000 jobs
https://thenewdaily.com.au/money/finance-news/2019/04/12/commonwealth-bank-job-cuts/
Daily Business Wrap - 30,000 jobs cuts seen from Deutsche-Commerz Bank merger
https://gulfnews.com/videos/business/daily-business-wrap---30000-jobs-cuts-seen-from-deutsche-commerz-bank-merger-1.1552998332468
Daily Job Cuts - Layoffs News / Job Layoffs 2019 / 2018 , Bankruptcy, Store closings, Business Economy News
http://www.dailyjobcuts.com/
Ummm, this didnt say anything about the banks Eisman shorted. But I dont think the particular banks matter; its more just that he shorted banks cause he was long last year right?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Oops! That's the video for tomorrow! Will edit title. Stay tuned for that though.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @themoneygps! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've been talking about this since 2001 when my business teacher told me about it. Online companies don't have any overheads. They don't have to heat and light stores, pay checkout workers, change what's on display, pay high-street rents, they can just use an automated system to take payments and send the stuff out in trucks. It's so much more efficient, but some of these high street shops just don't get the message. They keep blundering on with the bricks and mortar modal, instead of going online. We could have saved so many well-known brands by taking them online.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sorry I didn't watch the whole video before posting :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit