Author Topic: A 'tsunami' of store closings expected to hit retail  (Read 675 times)

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Online mystery-ak

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A 'tsunami' of store closings expected to hit retail
« on: January 22, 2014, 05:49:05 PM »

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Offline happyg

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Re: A 'tsunami' of store closings expected to hit retail
« Reply #1 on: January 22, 2014, 08:53:55 PM »
People will be begging for minimum wage jobs before all the closings happen. Prices will go sky high with little or no competition.

Offline truth_seeker

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Re: A 'tsunami' of store closings expected to hit retail
« Reply #2 on: January 22, 2014, 10:00:26 PM »
I visited a DSW shoe store yesterday, but the style I wanted was not in stock, in my size.

They SHOULD have an online kiosk in the store, where I could order, pay, and get delivery to home at no cost.

They do have a good online system, so why not extend it right into the stores?
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Offline Oceander

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Re: A 'tsunami' of store closings expected to hit retail
« Reply #3 on: January 26, 2014, 10:52:52 PM »
People will be begging for minimum wage jobs before all the closings happen. Prices will go sky high with little or no competition.

The problem isn't a dearth of competition, it's a surplus of competition - although I'd hardly call that a "problem."  The bite of online competition is really beginning to be felt in mainline retailing now.  About the only real edges that brick-n-mortar stores have over online stores are (a) impulse buyers, (b) buyers who have to have it now and can't even wait for a 2-3 day delivery, and (c) you can at least take a look at what you're thinking about buying before you have to commit to buying it.

Offline jmyrlefuller

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Re: A 'tsunami' of store closings expected to hit retail
« Reply #4 on: January 27, 2014, 07:32:02 AM »
The minimum-wage hike (EDIT: in many states) is the cause of most of this. Retailers have two choices: raise prices, or cut jobs-- just like in 2009, they've chosen to cut jobs.

I lost hours at my job because of it.
« Last Edit: January 27, 2014, 11:17:58 AM by jmyrlefuller »
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Offline Oceander

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Re: A 'tsunami' of store closings expected to hit retail
« Reply #5 on: January 27, 2014, 10:41:28 AM »
The minimum-wage hike is the cause of most of this. Retailers have two choices: raise prices, or cut jobs-- just like in 2009, they've chosen to cut jobs.

I lost hours at my job because of it.

I'd be interested in knowing how many of these cuts are going to be of full-time positions.  My guess is that retailers have been slowly cutting back on full timers in order to reduce the Obamacare penalties, but without it being obvious that that's what they're doing, and that they'll also just as slowly start replacing them with part timers.

Offline mountaineer

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Re: A 'tsunami' of store closings expected to hit retail
« Reply #6 on: January 27, 2014, 01:27:11 PM »
Online clothing shopping is dandy, except for things like shoes and pants. There's no way I can purchase such items without first trying them on.  :shrug:
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Offline Oceander

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Re: A 'tsunami' of store closings expected to hit retail
« Reply #7 on: January 31, 2014, 09:14:20 PM »
Online clothing shopping is dandy, except for things like shoes and pants. There's no way I can purchase such items without first trying them on.  :shrug:

My wife has mastered the art of online clothes shopping.  When she finds something she likes, she orders it in at least 3 sizes.  When they come, she finds the one that fits and then returns the others.  There are many stores that allow you to return online purchases to their brick-and-mortar stores, which means you don't pay shipping to return the sizes that didn't fit.


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