Eight Retailers That Will Close the Most Stores

[caz12]

sad we just had another high street store go 'jessup'..in the knowlede that Amazom and Star bucks tax evading here in uk...massive ware house minimum staff..one thing help dont buy online so much.insist on home grown made produced...if got buy from east pay the extra make sure people paid fare wage..
most high streets in uk big stores and shops closing ..sad!

 

[DeafBadger]

I'm still paying back Barnes And Nobles store online under paypal in thousands of dollars.

Would I still need to pay back in event of their business collapse? lol...

I'm sure that I would have to under the law.

I don't think B&N is collapsing anytime soon (they have an internet sales presence, but nothing like Amazon). Not sure what would happen to accounts receivable if the business goes under. Maybe another company would buy those accounts and attempt to collect on them.

 

[Foxrac]

All of it happens due to internet. More people are shopping through internet now. Amazon.com is the most popular internet store so far. It almost has everything you need, even it sells 60" LED TV. It offers the lower prices than local stores so I guess that's why local stores are going out of business. In other words, internet steals people's jobs unfortunately. Imagine, there are also educational courses online so you don't need to go to college. In the future, maybe we will have less colleges locally.

I think USPS will be likely to rebound after focus on shipping boxes than traditional letters.

 

[Jiro]

I don't think B&N is collapsing anytime soon (they have an internet sales presence, but nothing like Amazon). Not sure what would happen to accounts receivable if the business goes under. Maybe another company would buy those accounts and attempt to collect on them.

B&N is shrinking. 2 of them got shut down in my areas. its nook business was a costly blunder.

Up to a third of Barnes & Noble stores to close, report says - latimes.com

but will it be gone like Borders? I don't think so. I think it will just be smarter and be more focused on its niche.

 

[DeafBadger]

I believe that grocery stores and drug stores are very likely to be survive in digital age era.

Probably... people still like to buy groceries and pharmaceuticals locally. But even these can be bought online, but it's hard to imagine local groceries and pharmacies going away.

With the developing technologies of local manufacturing (manufacturing things by printing it, for example), what might happen is that someday we'll see small local shops where you can go in and order an item. They'll pull up a manufacturing template and "print" and assemble it there.

This technology might localize manufacturing and sales.

We're not there yet.

The market and technology always changes. People bemoan stores going out of business and job descriptions going obsolete (heck, I miss my favorite bookstore from when I grew up -- long gone), but the market is relentlessly changing. Businesses are always looking for new efficiencies to make more out of fewer materials. Customers are always rewarding this by looking for better and better deals.

Who knows what the future brings?

 

[DeafBadger]

B&N is shrinking. 2 of them got shut down in my areas. its nook business was a costly blunder.

Up to a third of Barnes & Noble stores to close, report says - latimes.com

but will it be gone like Borders? I don't think so. I think it will just be smarter and be more focused on its niche.

Agreed... that's what they need to do, find their unique niche and hold on to it. I notice that B&N are big on university campuses. They pretty much have captured the university book market, it seems.

 

[Foxrac]

Probably... people still like to buy groceries and pharmaceuticals locally. But even these can be bought online, but it's hard to imagine local groceries and pharmacies going away.

With the developing technologies of local manufacturing (manufacturing things by printing it, for example), what might happen is that someday we'll see small local shops where you can go in and order an item. They'll pull up a manufacturing template and "print" and assemble it there.

This technology might localize manufacturing and sales.

We're not there yet.

The market and technology always changes. People bemoan stores going out of business and job descriptions going obsolete (heck, I miss my favorite bookstore from when I grew up -- long gone), but the market is relentlessly changing. Businesses are always looking for new efficiencies to make more out of fewer materials. Customers are always rewarding this by looking for better and better deals.

Who knows what the future brings?

Yup, sick people can go to drug store to buy medicines without wait for shipping.

 

[Foxrac]

Agreed... that's what they need to do, find their unique niche and hold on to it. I notice that B&N are big on university campuses. They pretty much have captured the university book market, it seems.

Yup, UAB uses B&N and no need put the backpack in shelve before shopping.

 

[Jiro]

Agreed... that's what they need to do, find their unique niche and hold on to it. I notice that B&N are big on university campuses. They pretty much have captured the university book market, it seems.

yup. BN at RIT is tightly attached so it's doing just fine in university sector. everybody wants a cafe with books and starbuck and BN's got it.

 

[TXgolfer]

Meanwhile, the economy is coming back, as reflected by the gains in the stock market in 2012 and 2013 so far. Hmm...

The retailers closing are totally predictable. They are in aging business models that no longer are competitive with internet-based companies selling the same service. Some of these companies have poor management. In some cases, they products they sell are slowly becoming obsolete.

Office Max is not actually doing very well.

OfficeMax's New Strategy Isn't Exactly New - Seeking Alpha

"No moat" means Office Max has no unique products, service, or business model capable of distinguishing themselves from competitors, or able to keep competitors out of their market space.

FYI, the "stock market" is not a very accurate indicator of "the economy"

 

[DeafBadger]

FYI, the "stock market" is not a very accurate indicator of "the economy"

I disagree. They make up a part of picture. The stock market is made up of shares in companies doing business in the economy. If they do not do well, their stocks will not either.

Other indicators would be the freight index (measures shipping by trucks and railroads) and manufacturing index (manufacturing productivity). Both are up.

We're not out of the woods, but it's coming back. That's not to say there couldn't be another recession at some future point.

The business cycle insures there will be more booms and busts. There always have been and always will be.

 

[TXgolfer]

I disagree. They make up a part of picture. The stock market is made up of shares in companies doing business in the economy. If they do not do well, their stocks will not either.

Other indicators would be the freight index (measures shipping by trucks and railroads) and manufacturing index (manufacturing productivity). Both are up.

We're not out of the woods, but it's coming back. That's not to say there couldn't be another recession at some future point.

The business cycle insures there will be more booms and busts. There always have been and always will be.

I'm glad there are people who believe this.

 

[Jiro]

FYI, the "stock market" is not a very accurate indicator of "the economy"

what would be the accurate indicator of the economy?

 

[TXgolfer]

what would be the accurate indicator of the economy?

There is no single indicator. Personally I look at manufacturing,inventories, CPI, Interest rates, and unemployment, spending and income.

And you can't just look at the numbers, you have to see how they relate.

Stock indices are more of a reaction to indicators, which sounds like a good thing except reactions are often wrong. The markets are easily manipulated as well.

 

[Jiro]

There is no single indicator. Personally I look at manufacturing,inventories, CPI, Interest rates, and unemployment, spending and income.

And you can't just look at the numbers, you have to see how they relate.

Stock indices are more of a reaction to indicators, which sounds like a good thing except reactions are often wrong. The markets are easily manipulated as well.

for explanation. that would be what my brother would say.

he detests the fact that stock market is now easily accessible to anybody with internet which explains the volatility and believes that it's best left to professionals to play with.

 

[TXgolfer]

for explanation. that would be what my brother would say. he detests the fact that stock market is now accessibly to anybody via internet which explains the volatility and believes that it should be left to professionals to play with.

He and I definitely agree on volatility being caused by access. It was even worse in the late 90's I think. It really turned into legalized gambling at that point.

 

[DeafBadger]

There are more "mom and pop" investors now who don't understand what they are doing in the stock market. So they panic at everything, sell when they shouldn't, buy when they shouldn't, and are easily marks for investment brokers.

They just need to invest in low-cost funds and leave it alone, for the most part. It does go up over the long term. All those people who panicked in 2008 and sold don't usually realize that the market started back up in mid-late 2009 and recovered its value in 2012. Now it is increasing in value beyond what it was at the peak in 2007.

If people would have left their investments alone and bought more index fund shares on the way down (at "discount" or "sale" prices) they would be doing nicely now.

Why don't people do this? They don't understand what they are doing in the market. They need to pick a low-cost index fund, invest regularly through highs and lows and leave it alone.

Multiple studies have shown this is the best way for the average "mom and pop" investor.

 

[Jiro]

There are more "mom and pop" investors now who don't understand what they are doing in the stock market. So they panic at everything, sell when they shouldn't, buy when they shouldn't, and are easily marks for investment brokers.

They just need to invest in low-cost funds and leave it alone, for the most part. It does go up over the long term. All those people who panicked in 2008 and sold don't usually realize that the market started back up in mid-late 2009 and recovered its value in 2012. Now it is increasing in value beyond what it was at the peak in 2007.

If people would have left their investments alone and bought more index fund shares on the way down (at "discount" or "sale" prices) they would be doing nicely now.

Why don't people do this? They don't understand what they are doing in the market. They need to pick a low-cost index fund, invest regularly through highs and lows and leave it alone.

Multiple studies have shown this is the best way for the average "mom and pop" investor.

which is why stock market is not an accurate indicator of economy.

mind you - I just asked my brother during dinner - "True or False... is the stock market an accurate indicator of the economy?" He just gave me the look and scoffed - "of course.... false....."

 

[DeafBadger]

which is why stock market is not an accurate indicator of economy.

mind you - I just asked my brother during dinner - "True or False... is the stock market an accurate indicator of the economy?" He just gave me the look and scoffed - "of course.... false....."

No, it's not accurate if you mean "precise." It's definitely not accurate when it is in bubble-mode.

Early in a bull market, the prices seem to fairly well reflect what investors believe about the companies they are trading. How the companies financial outlook appears, what their product line looks like, their ability to compete and keep providing value to shareholders, etc.

When a stock mania develops and it turns into a bubble, people buy any stock without regard for what the company's background looks like. At that point, it is no longer an indicator, much less an accurate one. When that happens, be ready for the crash (market correction).

 

[TXgolfer]

No, it's not accurate if you mean "precise." It's definitely not accurate when it is in bubble-mode.

Early in a bull market, the prices seem to fairly well reflect what investors believe about the companies they are trading. How the companies financial outlook appears, what their product line looks like, their ability to compete and keep providing value to shareholders, etc.

When a stock mania develops and it turns into a bubble, people buy any stock without regard for what the company's background looks like. At that point, it is no longer an indicator, much less an accurate one. When that happens, be ready for the crash (market correction).

A broken clock accurately reflects the time twice a day.