End Times and Current Events
October 04, 2022, 08:34:20 pm
Welcome, Guest. Please login or register.

Login with username, password and session length
News: Welcome To End Times and Current Events.
 
  Home Help Search Gallery Staff List Login Register  

There Will Never Be Enough Jobs In America Again

Shoutbox
August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
View Shout History
Pages: 1 [2]   Go Down
  Print  
Author Topic: There Will Never Be Enough Jobs In America Again  (Read 7329 times)
Mark
Administrator
Hero Member
*****
Offline Offline

Posts: 21752



View Profile
« Reply #30 on: March 08, 2017, 05:41:20 pm »

Two iconic retailers forced to file for bankruptcy, hundreds of stores to close

It has been another terrible week for retail as two more iconic companies reveal plans to file for bankruptcy, resulting in at least 300 stores potentially closing.

RadioShack announced the contemplation of filing for Chapter 11 bankruptcy, which would be the second time they have done so in two years. 200 out of 1,500 stores were already set to close this year, but additional stores could follow suit if Sprint agrees to end leases for its “stores within stores” concept at some locations. The company has already laid off dozens of employees at its Dallas Fort-Worth headquarters.

In 2015, more than 1,740 RadioShack stores were sold for $26 million to hedge fund Standard General at a bankruptcy auction. CEO Dene Rogers attempted to rebrand the stores and explore a partnership with mobile retailer Sprint. The new route, however, failed to gain much traction, especially going up against online giant Amazon which has taken much of the market share in peripherals and batteries.

The RadioShack bankruptcy comes less than a week after appliance store hhgregg announced plans to file for bankruptcy as well, a sad trend that we’ve seen so much of so early in the new year. Hhgregg also announced plans to close at least 88 stores in 15 states.

Gordmans, a 100-year-old Midwest department store chain, also appears to be ready to file for bankruptcy, with some even expecting the announcement to be made by the end of this month. While not too much information has been formally shared, what we do know is that Gordmans stock has been trading below $1 since September of last year. In November Nasdaq sent the company a “deficiency letter” letting them know that if the stock doesn’t rise above the $1-per-share requirement by May 1, it will be delisted from the exchange.

Gordmans operates about 100 stores in the upper Midwest states. The company employed 350 people at its Aksarben Village headquarters as of November but laid off an undisclosed number of those employees in January, blaming a “current sluggish retail environment.” In recent years, Gordmans has struggled and its growth slowed in 2014, causing losses to begin to mount. That same year the company replaced Jeff Gordman as CEO with Andy Hall. At first there appeared to be some turnaround as Hall added new merchandise to stores, launched a companywide cost-cutting initiative and halted what retailing analysts had deemed the chain’s excessive use of coupons and sales. The positive results were short-lived, and sales stagnated or declined through 2016. The retailer has about $85 million in debt, with much of it due in 2020.

It appears RadioShack and Gordmans are the latest victims in this tough retail climate that continually suffers from sluggish mall traffic and a move by apparel shoppers to the internet. Analysts have said the retailing industry is under pressure from several angles: the rise of online shopping; increasingly savvy consumers who are less interested in buying things and more interested in spending money on experiences; and retailers’ reliance on sales and coupons to drive foot traffic because those coupons hit profits.

http://www.thomasdishaw.com/two-iconic-retailers-forced-file-bankruptcy-hundreds-stores-close/
Report Spam   Logged

What can you do for Jesus?  Learn what 1 person can accomplish.

The Man from George Street
http://www.youtube.com/watch?v=SkjMvPhLrn8
Pages: 1 [2]   Go Up
  Print  
 
Jump to:  

Powered by EzPortal
Bookmark this site! | Upgrade This Forum
Free SMF Hosting - Create your own Forum

Powered by SMF | SMF © 2016, Simple Machines
Privacy Policy