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02-25-2016 08:38 PM
@MacDUFF wrote:
LOL...ITA.
I still say something could be devised to make online returns not count against the store or against that store's bottom line for the day.
They wouldn't have to do anything.
It's merely a bookkeeping issue.
02-25-2016 08:43 PM
@MomCat wrote:
@Q4u wrote:Yes but, yes but.... we're told all is well in employment-land and our economy is growing and doing really really well......
Yep, and we know there is a lot more to that story. I just don't get why people aren't seeing the true picture of what's happening. Sad.
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We have the true picture. The only problem is that some posters don't want to hear it.
Did you see that for Kohls it's the under-performing stores that are closing? And new, smaller stores opening instead?
AND... more people order online now than ever before.
It's not about the economy, all the facts above have been documented.
02-25-2016 08:56 PM
When a brick and mortar store closes it usually stays vacant and the remaining stores are expected to pick up the slack for the loss of revenue to the shopping mall owner(s) and as they raise those lease rates, other stores protest by moving out. What's left is a mall that goes into decay.
02-25-2016 09:17 PM - edited 02-25-2016 09:18 PM
@physicsnut wrote:
@brii wrote:I think a lot of people like the convenience of returning to the store.
I don't think it should count against the store. There should be a house account set up for internet returns...
that would be nice be it doesn't work that way. The returns count against the store you return it to . I wish people who order online would think carefully before they go crazy and order online from boredom at home. My store manager friend says there are a LOT of shopoholics who do this constantly and it has really affected his store daily sales goals.
physicsnut, I didn't know that. Fortunately, whenever I have purchased something online from Nordstrom, Nordstromrack or Dillards I've only had 1 return and it was to Nordstromrack. Qvc messed up an order of mine recently and shipped me out two of the same color of something and when I phoned c/s it suddenly occurred to me that no one would necessarily believe me unless I shipped both of them back to prove it and so I did. Their fault and they paid for all shipping on both items. Serves them right that I sent both back. Pffft to them; I'm tired of it. Tell me again, Qvc, that it was your automated warehouse and not a human that made the mistake.
02-25-2016 09:24 PM
I love JCPenney. A long ago i worked for JCPenney catalog outlet here in KC. Low paying job but I loved it. They closed a year or so ago. Funny how things change over the years.
I remember the JCP catalog was a big deal and now with the internet its not needed.
I particularly miss Woolworths and the cafiteria. I miss how JCPenney and other dept stores had a full service restaurant in each store. This was in the 70's before fast food joints and food corts were at the malls
02-25-2016 09:24 PM
@scotnovel wrote:
@esmeraldagooch wrote:Not surprised. Many others are closing too. Orders are not there and shelves are not filled.
-Wal-Mart is closing 269 stores, including 154 inside the United States.
-K-Mart is closing down more than two dozen stores over the next several months.
-J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.
-Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.
-The Gap is in the process of closing 175 stores in North America.
-Aeropostale is in the process of closing 84 stores all across America.
-Finish Line has announced that 150 stores will be shutting down over the next few years.
-Sears has shut down about 600 stores over the past year or so, but sales at the stores that remain open continue to fall precipitously.
But these store closings are only part of the story.
All over the country, shoppers are noticing bare shelves and alarmingly low inventory levels. This is happening even at the largest and most prominent retailers
Do you have anything to back up this statement? I've been in a large mall recently and a few other national chain stores and have not seen any bare shelves or low inventory. Also even the Kmart in my small town has packed shelves. Friends of mine in Dallas haven't noticed any issues with store inventories either.
The retail industry has said this is the situation, and inventory in the "back room" has been shrinking if there's still a back room. I see a lot of inventory shortages at most retailers, low end or high, and it was evident at Christmas.
I went to Macy's for a Martha Stewart item the very day I received my issue of her magazine--the one promoting the item in question. I worked with a lovely associate, and I found out that it was ONLY available at two stores in my entire state. So full-page ads are featuring products that virtually no one could get? I tried to have them ship send, but they would only do that on a Macy's card.
Another example would be the splashy designer sales Target used to spend millions on only to see the bulk of the stuff gone within the first few hours of availability. Why would Target make it possible to only get the whatever you wanted on eBay?
02-25-2016 09:25 PM
@brii wrote:
@MacDUFF wrote:
LOL...ITA.
I still say something could be devised to make online returns not count against the store or against that store's bottom line for the day.
They wouldn't have to do anything.
It's merely a bookkeeping issue.
I was just thinking that (GMTA)...it doesn't even have to be some techy complicated thang...just don't count the online returns against the store...sheesh, rocket science.
02-25-2016 09:29 PM
@Noel7 wrote:
@Q4u wrote:Yes but, yes but.... we're told all is well in employment-land and our economy is growing and doing really really well......
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The economy is doing well.
There have been numerous reports that department stores are losing customers to places like Amazon and Costco.
That's a shift, not an increase. Retail sales are going down, and more purchases are going on credit cards that won't be paid in full. Per the industry's own numbers.
With the the highest real unemployment rate since the Depression, the lowest job-participation rate in nearly 40 years, and a real debt of over 100 trillion, I have to wonder what it would take for you to think things were bad.
02-25-2016 09:33 PM
@Noel7 wrote:It's the SAME story: it's the underperforming stores that are going.
We see this all the time. Why it seems like Armageddon to some, I do not know. It's basic business practice.
That's a first-step analysis, and you don't examine the WHY. What makes a once-prosperous store go down? When you have this many at one time, most would stay it's an indicator of certain things. Online sales is one reason. Or one excuse.
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