To be fair, many countries are going through the same thing. We are living in the early transition to an A.I. future. A new phase of ultra efficient economic standards. Macy's and Kohl's are the latest casualties that couldn't keep up. Go look at retail sales the last few months. They've been solid. Americans are spending, just not at these "inefficient" companies. Stop trying to turn this into some negative economic policies from the current administration.
If the new DT administration goes through with privatizing Fannie and Freddie, it wouldn’t be surprising if taxpayer funds end up covering those sky-high million-dollar homes. Later, when the housing market hits another low, they’ll likely be resold for cheap. That’s how the cycle works.
Reaganomics is very Darwinian in nature. Only the “fittest”survive. It was like this in 1875-1933. Only the ruthless psychopaths survive, like John D. Rockefeller. He cracked a lot of skulls and steamrolled the competition.
Totally agree. Back in the early 90’s I was laid off from my aerospace job. Job searches turned up nothing. 👎 4 months later the USPS contacted me asking if I was interested working for them. Heck yeah! Took the job and worked there for 3 years. During that time I went back to school, received my BA and began a new career. It was a hell of lot better than sitting around sulking and waiting for something to happen.
well these companies have to pay high rent and taxes, so it does have an affect of stores staying open. They have to pass the cost to you then you buy less!
People don't want to get dressed and have an afternoon at a mall anymore. They just order everything online. Nobody wants to be around other people anymore. Like it's some terrible thing. Nobody wants to talk on the phone even, it's all just a silent world of texting. So depressing and boring now.
Bought couple of clothes at Macys and found a price better on their site but they refused to give me a credit despite their price matching policy. I just returned it all, got credit and honestly felt better because I didn’t need it. No sympathy.
What I don't understand is all this empty retail and storefront space that's available for lease, yet everywhere I see there's new construction going up for more retail and storefront space. Makes no damn sense.
Half a dozen new gas stations popped up in the last couple years while many other retailers have died in a 20 mile radius of me. One just bought land nearby. Not interested in the extra traffic that will bring to our quiet rural area. Already one on the other side of the highway. Quiet walks and bicycle rides where we often don't encounter another vehicle will be ruined.
Time was when you had real life real estate appraisers, who actually lived in the markets that they appraised, their whole lives, and had their fingers on the pulse of the ebb and flow of the markets. Now, you have algorithm writers in countries such as India, who know nothing about real estate and markets in the United States and how they work. A lot of the artificially raised rents we have now is due to that, and it has a tremendous negative ripple effect in the economy. Laws need to be made. It’s up to the government, now. It’s similar to what happened in the S&L crisis and the sub-prime mortgage lending bond bundling debacle that sucked the economy down with ideas that sucked.
I will invest in Starbucks stock in the future. Their branding alone makes money. I have three of them within 5 miles of my house. They are always busy, young Shawn!
The Starbucks on Harlem located in River Forest IL eventually closed because HALF the "customers" inside the store were homeless people hanging out using the bathrooms and harassing young girls. When I complained to the staff, they told me they don't call the police on them or ask them to leave.
Starbucks is actually returning to its prior standard that you needed to purchase something to stay in the store. They changed it after an incident in Philadelphia where the manager had non-patrons removed for waiting for someone to show up. Up until then, if you went into a restaurant/food shop you knew you had to buy something and not just take up space from paying customers.
@@melissasmess2773 It makes sense for anyone with a business. Individually owned coffee/tea shops or any other restaurant didn't allow this either I'm a shareholder since the 90s and never liked people loitering in any business like those.
Aaw this makes sense but is a bit sad. Years ago I didn’t have a car as a teen coming home from my night shift in a VERY dangerous area I would wait for my bus in the Starbucks by my bus stop. They let me with no problems and I had no money for their pricey drinks, and I’m so grateful because many might I was pretty scared staring at a dark bus stop in the cold by myself I was even followed a few times by this guy when kept asking me if i “needed a ride”.
One world currency won't happen in my lifetime, just like mandated EV's, free college, free healthcare and everything else people seem to fear monger about.
I'd say that the 2008 financial crisis was brick mortars last hurrah, but personally I think malls nationwide failed to evolve they should have integrated more indoor recreational activities and gaming etc for people of all ages into their malls to make them fun while also making food court food more affordable but a lot of malls never did that.
Good riddance to some of the Kohls stores, their pricing games are annoying. I don't appreciate companies trying to play mind games to manipulate me to buy something.
Our small Illinois town has just been "targeted" by two huge retailers, Hobby Lobby and TJ Maxx. And the weird thing is people here are just besides themselves with glee.
The corporations took over the gasoline service stations, and then the service went "poof". You can not even find self-service windshield washing. Gas pump receipt printers do not work half the time. Trash cans overflowing.
@ Or there is way too much turnover. Just how much can an employee help with, if they have only worked there for a few weeks? Why so little effort to retain the best workers? Why are good workers who have been there or been loyal for years, so underpaid? Then they find a better deal elsewhere and your best employees are gone. Then crappy service, bad reviews, declining customers or customers having unnecessary bad experiences.
I used to worked in retailing back in the 90s full time and part time. It was a great time having to have great customers that appreciate you. High-end stores, loved it !
Moving, especially out of state, costs at least $10k+ and according to most people everyone is broke. Nobody, except maybe store management would be able to move.
Not to mention the job market seems bad everywhere. I’ve traveled and applied to 4 different states with no luck . I’m happy I didn’t spend all my savings moving before hand
There are plenty of folks who aren't broke. I am one of them. I would not hesitate to transfer to Florida (from Texas) for a Federal transfer, even without relocation incentive. 💰
You can thank Amazon and other online "retailers" for these store closings. They have made shopping easier from home without having to drive to shop! Convenience.
I go to my local UPS hub, too ship the stuff that I make. When I go in there...there are dozens of stacked pallets of Amazon returns...every day!! I say to myself...how can they stay in business, with all of these returns...every day??? Just demonstrates the amount of margin that is built into all of this shit that people insist on buying...simply because it's easy, online. WTF???? I just don't understand that level of stupidity. Maybe we are, truly doomed...by our inept programming. Sad.
Well, since you can't get any real customer service at local stores, you have to drive there, and items are more expensive, I've found I actually prefer Amazon. Cheaper, easier, and delivered right to my door.
I walked in Macy’s in the mall by me a few days ago for the first time in probably 20 years. For lack of a better word, I guess I was “ignorant” to the fact, or never paid attention to their pricing and retail items that they sold. They have brand names at brand name prices but they are priced out by the economy of 20-30 years ago where the middle class could afford their prices. The “middle” class now shops at walmart. On top of that, the Macy’s I went in looked like they haven’t repaired things in a while and the interior absolutely looks like it’s stuck in the 90’s.
Macy's independently owned their store at the Muncie Mall years ago before it went out of business. The stores new owner now has a giant overstock supply of stuff from other failed businesses. The whole mall is a shadow of its former self. Pitiful. New company bought the mall a year ago. Gonna try and turn it around. SMH It's toast. Kohl's is behind the mall looking like it's barely hanging on. Even Target by that mall seems sub par.. Muncie Indiana has seen it's day.
Starbucks is not declining because of non-paying customers hanigng in their lobby, they're declining because of the outrageous price of their products. I can get a coffee at White Castle for a $1.
you forgot to mention the supposed government jobs created, counterbalanced the private sector jobs unemployment rate. it's a rigged number to say the least. it's been a phony economy all along. Armageddon is coming, plz prepare.
Michael, you are so right about people being less nomadic these days. I see so many people complaining about home/rent prices in their area and i keep thinking "then move"! They give every excuse under the sun not to leave and head to cheaper areas. Wanting to hang on to a gas station job in the city or their kids have friends at school.
And no help to clean the mess customers leave in dressing rooms snd open packaged goods, high school kids are lousy employees ,now here there are lots of 60 plus cashiers women working, !😮
Remember when it used to be "shop til ya drop"? Now it's online/home delivery, if at all. Few have $$, and most shop for necessities. Shopping isn't pastime anymore.
The thing is most were spending money they did not have to begin with. Debt was the pastime. Maybe people garages will have less junk in them after a while.
I worked at a Carson Pirire Scott back in 2014-2017 here in the Chicago suburbs They went bankrupt back in 2017, and I can tell you wasn't suprised at all to hear it. They gave the gm these HUGE bonuses for sales he had nothing to do with, while paying me minimum wage no benefits. And half my job was taking excess merchandise and storing it in our huge furniture gallery storage where it all just sat there, never being sold or even stored anywhere else. They were getting their butts kicked by Amazon way back then so I'm sure now they're just getting pelted.
I worked for so many different companies during my life time (a lot of jobs I hated but still did it for the money), each job requiring a different skill set, but each one of those jobs taught me something different. It showed the employer I worked for the last 21 years my experiences, how I can adapt to change and that I could make a difference if it was needed. Try something different if what you’re doing isn’t working. Spinning your wheels gets you nowhere.
Amen. I graduated from college in 1982 with a journalism degree. Since then, I have been a resume writer, office supply salesman, telemarker, car salesman, probation officer, truck washer, retail worker, TSA agent, national guard soldier, bread stocker, fulfillment worker, YMCA worker, FexEx hub worker, nursing school administrator, customer service worker and probably a few other jobs I have forgotten about. I just do what I have to to survive. I still managed to retire with a gov pension.
Shun Status Items! My ‘83 Corolla ran dirt cheap for 35 years before the body rusted away from the excellent drive train. Whoever comes out with a bare bones gasoline only vehicle with the least amount of computer chips will capture a HUGE slice of the U.S. auto market, as my fellow American serfs ‘endeavor to persevere’ during the collapse of the Empire.
Deregulation could bring this kind of stuff back. It's all the regulations like insisting on a rear view camera, or having the insane levels of safety for crash tests. The EPA regs force manufacturers to have tiny engines with turbos that wear out early.
Killing who? Alot of the things I order on Amazon regularly are $10.00 cheaper per box than if I'd gone to the store. Plus they deliver right to my door. Christmas shopping was a breeze. I cant imagine running from one store to another for overpriced items and wasting time/gas.
Moved from California to Indiana. Taxes are light, military pensions not taxed, new governor wants to eliminate taxes on elderly. Moved out of California, bought four rentals in Indiana. You can evict everyone in a week in Indiana small claims except for a pregnant woman in winter. I love being a Hoosier!😊
Indiana is a dump. Texas offers more for veterans. Free car registration and no property taxes for 100% disabled vets! Weather is also better in Texas compared to the Midwest!
I just had an experience today where I went looking for something at my local comic book store. they didn't have it and couldn't order it. I said "I'll look online" and the owner said good luck in a way like "it'll be hard". 15 mins later I had what I wanted shipped to me for free. So until local stores can compete with that there's no future for local stores, you can't provide a worse experience to online for folks, it's just reality. Online tends to be cheaper too. it's the kiss of death for the old model whether you like it or not.
I live 25 minutes or more away from everything and seems like the stores are out of the stuff I need is a crap shoot so why bother I just buy groceries at the store the rest is all online
These brick-n-mortar idiots complain that they can't compete with "the internet" instead of using the internet to sell to the world. It's the greatest sales opportunity generator since ships were invented and I don't feel sorry for anyone who goes under because they refuse to adapt and compete.
Job relocation simply isn't an option anymore for most. Corps pull a fast one all the time like rescinding offers like coinbase. Relocation is also not cheap and usually job relocation is to expensive metro where ur money does not last
Wait. That house was $2.35 million and then jumped to $16.5 million then dropped to just under $15 million. What a joke! I won’t pay $1 over $200K for that. And nobody else should either
I remember when they went woke and canceled the my pillow guy..they took political side well I stopped shopping there they did it to themselves if you allianate half of the voters from the other side that's what happens
Mike, It doesn’t matter. Their expensive garbage coffee won’t sell. You can get better cheaper coffee at many other establishments. I used to be a client, but they lowered the quality of their coffee. They won’t see me at their shops.
It sounds bad when you hear stuff like that, but in my area there are some new stores opening. Marshall's, Five Below... some companies just have poor management.
We moved to the Midwest, to save money, it aint working and the family and friends who used to be there, are weird and we don't socialize. We'll be moving back to N.C. once the prices on homes go down a bit more.
If businesses aren’t closing in California they are leaving California. California has almost empty strip malls all around California, and unaffordable housing is being built around the areas or replacing the where business once was. Starting Studio in San Diego is $2,000 and up. Sad. Food, shelter, clothing, and access to medical is a thing of the past.
Has anyone noticed how cheap clothes are being made everywhere ? Pisses me off !! Materials are flimsy pure junk !! It's like the U.S.A. products are going elsewhere, and we are getting their junk !!
Sad to hear about macys! That's one of those stores that I can't imagine xmas without also! Walking into macys at xmas is magical feeling and always helps add that xmas wonderland feeling. Retail stores are a attraction to tourists also in many areas also when buying homes. People always like to have stores near them to shop. How boring would it be to no longer be able to browse around physical merchandise to shop or see what your buying you actually like or try on cloths? It takes the joy out of being able to go somewhere if all these Retail outlets ect keep closing. Is that the future the world wants? Online shopping is convenient until your returning more than you keep due to damage , wrong size, wrong item ect. Or your package picture delivered doesnt match your house stairs. Then it's not so convenient.
Macys had gone low-end, having clothing from China. I never bought anything from Kohl’s. I get a lot of my clothes from Scheels, Cabelas, Eddie Bauer, LlBean, sometimes Columbia online, or at REI, rarely LandsEnd.
Depends on if you are willing to let go of your possessions. The real issue is that the housing market is still high in several areas and so is the rent. Oftentimes moving means paying way more.
"Just move" that takes money, which no one has. "Poor hiring managers who have to go through hundreds of applications" they use ai just as much as the applicants and they still post ghost jobs, which make up more than 30% of all listings. No one should be excited about "rent not going up much despite inflation" considering that in the 60s, rent was, on average, $60-$70, or with inflation $650-$800. Modern rent is twice as much as it was for my grandparents, while wages have stayed relatively flat.
Thank you to our host for this beautiful walk around outdoor tour. Sorry the news for retailers isn’t more positive. Important content. Important topic
I ordered quite a number of items from kohl's. Some came by mail, and the rest they told me my items were waiting for pickup in Redmond WA, a 10hr drive away. They won't ship. Incomplete outfits for kids, it's all going back.
I used to go to the Kohls that is closing in San Diego. The only reason we'd go there was to make Amazon returns. Nothing in that store leapt out at you. I would never think to myself, "I need something at Kohl's". When people who visit your stores can't see a reason to go there... If they didn't have Amazon return stations I bet even more would close. Macy's, why would you even go there? To pay double for clothes and have store card signups shoved in your face?
I am in Pawtucket, RI and I confirm. Rents are insane ... due to rich people moving in from MA, NH, CT - even some folks as far as ME coming into RI for a quiet life. Bad news for locals - they are getting pushed out and forced to seek alternatives like moving in with friends and family.
The reason why Macys is on its way out is because of their terrible employees are terrible,no high quality service there,poor stocking and everything is unorganized!
I use to go to coffee shops to study in college, but I at least bought a coffee. When I finished my coffee, then I went to get more coffee. LOL And yes, there is nowhere to sit because people have their laptops and study materials all over the place. It's not homeless like you say - it's typically college students.
I've worked in a Mall. There is virtually no reason to shop and purchase anything from Macey's. Prices are crazy high everywhere, anyone in government who tells otherwise is lying - the economy is poor. People are wising up, they're not blowing money on a fifth Hoody jacket that costs 75 dollars. Save and invest. Invest and save.
Walmart's HOSTILE TAKEOVER of the American Economy... ua-cam.com/video/yztD8kmO6R8/v-deo.html
Indeed. Extremely hostile !
ScarePrawns are the best prawns....
To be fair, many countries are going through the same thing.
We are living in the early transition to an A.I. future. A new phase of ultra efficient economic standards.
Macy's and Kohl's are the latest casualties that couldn't keep up.
Go look at retail sales the last few months. They've been solid. Americans are spending, just not at these "inefficient" companies.
Stop trying to turn this into some negative economic policies from the current administration.
If the new DT administration goes through with privatizing Fannie and Freddie, it wouldn’t be surprising if taxpayer funds end up covering those sky-high million-dollar homes. Later, when the housing market hits another low, they’ll likely be resold for cheap. That’s how the cycle works.
Reaganomics is very Darwinian in nature. Only the “fittest”survive. It was like this in 1875-1933. Only the ruthless psychopaths survive, like John D. Rockefeller. He cracked a lot of skulls and steamrolled the competition.
The problem with moving to find a job is that generally speaking this economy is shitty everywhere.
It's not bad everywhere. This is what happens when you listen to Michael's negative doom and gloom videos every day
@@Scodura1 Where is it good?
@rosieposie9564 Colorado, Utah, Idaho, Florida, North Carolina
Plus moving isn't cheap. It can take a year to recoup the costs
@@Scodura1 NC, we're good
I was a truck driver for 15 years. Not because I wanted to. But it paid the bills. Sometimes you have to do what you have to do.
Totally agree. Back in the early 90’s I was laid off from my aerospace job. Job searches turned up nothing. 👎
4 months later the USPS contacted me asking if I was interested working for them. Heck yeah! Took the job and worked there for 3 years. During that time I went back to school, received my BA and began a new career. It was a hell of lot better than sitting around sulking and waiting for something to happen.
A man.
@@marcwitteborg4789 tell me about it.
@@marvinphillips1326 Congratulations! I was laid off and the later job offer was a blessing.
YEP! The AMERICAN DREAM! *Just do what you have to and not what you love!* Preach!
Welcome to America
Where corporations are people and it's citizens are indentured servants.
Bingo
Yep, Citizens United decision is destroying the country.
On point
High rent and taxes are destroying retail.
AMAZON is destroying retail.
@@angelcitystudio Amazon is just a symptom, not a cause.
well these companies have to pay high rent and taxes, so it does have an affect of stores staying open. They have to pass the cost to you then you buy less!
@@aaronelliott413 And we should! These poor poor multi billionaires, and their poor devastated shareholders...
you're right, when there's no money to spend the retailers cant hire people to shop there
I'm a house painter in Central California, this winter was the slowest I've had since I became licensed in 2011. People are holding on to their money.
As they should
@mhodge0890 for now yes, but the economy booms when money flows.
Could be people are paying of credit cards they used for the past 3 or 4 Christmas's...
Same here! Customers just want “spot” painting and just the most minimal trim work. Have not had a full house painting in six months!
What money?
People don't want to get dressed and have an afternoon at a mall anymore. They just order everything online. Nobody wants to be around other people anymore. Like it's some terrible thing. Nobody wants to talk on the phone even, it's all just a silent world of texting. So depressing and boring now.
Where can you meet new people these days?
I really miss “going shopping”. We had so many great stores to shop in. No where to go anymore :(.
@ I never really realized how many couples met while shopping till it ended.
there is nothing to buy in kohl’s anyways 😂
Shopping mall shopping is alive and well in Honolulu
I could do $800-$900/month for rent but that doesn't exist so I'll just give my grandma the $800 and get a whole basement and a detached garage.
Good plan for both of you
The last time I saw rent that low at apartment complexes was back in the early to mid 90s.
It doesn't exist where you live.
There are folks on Facebook marketplace with rooms in their house for rent for $450 in my area. Probably 150 sq ft and shared bathroom but hey, $450
Nice, good job on improvising "
Add Walgreens to the list. 1500 Walgreens stores to close soon.
CVS also
CVS and Walgreens I went through and I did not find any item that was cheaper than me buying it off the internet🎉
Another Vangaurd / Blackrock holding.
That's great they sell overprice and have regional control in the medication distribution. Good for community small pharmacies.
Mygod
When a fuckin Nike hoodie, screen printed, is $70, nobody is going to buy them. Insanity. It’s a fuckin HOODIE!
polo and la coste is mostly the cost of yhe brand logo with little better material
They have to charge high prices for they can support BLM.
You can buy a better quality and thicker hoodie online for $25 or less but it won't have the Nike swoosh...
@@erikthered3601 Where's the comments?You can make it at home for cheaper
$100 dollar is most then fair for a hoodie, you use it very well and you earn your $100 in less then a week while the hoddie will still last.
Bought couple of clothes at Macys and found a price better on their site but they refused to give me a credit despite their price matching policy. I just returned it all, got credit and honestly felt better because I didn’t need it. No sympathy.
good for you
Macy's also played the cheesy price cut game like Kohl's.
Macy's sucks! Always empty.
What I don't understand is all this empty retail and storefront space that's available for lease, yet everywhere I see there's new construction going up for more retail and storefront space. Makes no damn sense.
Half a dozen new gas stations popped up in the last couple years while many other retailers have died in a 20 mile radius of me. One just bought land nearby. Not interested in the extra traffic that will bring to our quiet rural area. Already one on the other side of the highway. Quiet walks and bicycle rides where we often don't encounter another vehicle will be ruined.
All I'm seeing is new storage buildings for people to put all of their things in. No new retail around my area.
Time was when you had real life real estate appraisers, who actually lived in the markets that they appraised, their whole lives, and had their fingers on the pulse of the ebb and flow of the markets. Now, you have algorithm writers in countries such as India, who know nothing about real estate and markets in the United States and how they work. A lot of the artificially raised rents we have now is due to that, and it has a tremendous negative ripple effect in the economy. Laws need to be made. It’s up to the government, now. It’s similar to what happened in the S&L crisis and the sub-prime mortgage lending bond bundling debacle that sucked the economy down with ideas that sucked.
Same for office space. I just drove from SF to Silicon Valley today and there are lots of new big office buildings going up.
6439 Well stated !
Starbucks i never went there. the costs are ridiculous ...they will continue to lose sales
They build elaborate buildings. Do we really need that for a cup of coffee? Buy a coffeemaker.
I never go to Starbucks. I have a Nespresso Virtuo and make my espresso drinks at home.
They have been doing fine without you.
All good.
I will invest in Starbucks stock in the future. Their branding alone makes money. I have three of them within 5 miles of my house. They are always busy, young Shawn!
The Starbucks on Harlem located in River Forest IL eventually closed because HALF the "customers" inside the store were homeless people hanging out using the bathrooms and harassing young girls. When I complained to the staff, they told me they don't call the police on them or ask them to leave.
Starbucks is actually returning to its prior standard that you needed to purchase something to stay in the store. They changed it after an incident in Philadelphia where the manager had non-patrons removed for waiting for someone to show up. Up until then, if you went into a restaurant/food shop you knew you had to buy something and not just take up space from paying customers.
Catering to the homeless crowd didn't pay dividends to their stock holders.😂
Every time I go in Starbucks I don't buy anything. Wife and kids do.
Just want the free wifi
@@melissasmess2773
It makes sense for anyone with a business.
Individually owned coffee/tea shops or any other restaurant didn't allow this either
I'm a shareholder since the 90s and never liked people loitering in any business like those.
Aaw this makes sense but is a bit sad. Years ago I didn’t have a car as a teen coming home from my night shift in a VERY dangerous area I would wait for my bus in the Starbucks by my bus stop. They let me with no problems and I had no money for their pricey drinks, and I’m so grateful because many might I was pretty scared staring at a dark bus stop in the cold by myself I was even followed a few times by this guy when kept asking me if i “needed a ride”.
We all need to live in RV's so when our jobs relocate, we can move!
😂😂😂u win the best comment of the day!! Very funny because it could be our future I know I already have moved 2x for work related
You can worry about dumping your poop while living in an RV, Steven. I'll stay in my house with indoor plumbing, thanks. 🤣
@@DIVISIONINCISION...and no job. You forgot that part.
More expensive than a short term apartment rental.
Not a bad idea
We lost Big Lots and Kohl's in the same complex in Blue Ash, Ohio. Ironically, built from a vacant Kmart, also gone. 😢
Make it big community beer garden and just stay drunk.
It obviously is not publicized, but shoplifting is RAMPANT at both stores, in many, many locations, so no wonder they are closing up many of them.
Exactly, closing stores where business is least and shoplifting intolerable. Macys will stay for now in places where the economy is still ok.
Shoplifting increases when people don't have money
One world currency. Only few stores to shop from. Dystopia
Nothing fits, thanks China😂
Mark of the beast.
And the possibility that robots - androids will walk among us running errands for their owners over the next few decades.
Just like in Demolition Man
One world currency won't happen in my lifetime, just like mandated EV's, free college, free healthcare and everything else people seem to fear monger about.
The 80’s was brick and mortar’s last hurrah 🤷🏼 And, the malls were glorious ❤❤❤
the indoor malls were a good place to get relationships, were stuck to work "from home" or HR nightmares now
I'd say that the 2008 financial crisis was brick mortars last hurrah, but personally I think malls nationwide failed to evolve they should have integrated more indoor recreational activities and gaming etc for people of all ages into their malls to make them fun while also making food court food more affordable but a lot of malls never did that.
"Shady characters doing nefarious things" sounds like a typically day in the nation's capitol.
Imagine working for Facebook & thinking that you are part of the solution.
Good riddance to some of the Kohls stores, their pricing games are annoying. I don't appreciate companies trying to play mind games to manipulate me to buy something.
Spend 50.00 and get a voucher for ten dollar's to use in the future. Give me ten dollars off now because I don't want to go back 😂
Never had any use for Kohls merchandise.
Right. Those Kohl's dollars are annoying. Give me the discount. Who wants to go back? Good riddance.
They hope you will lose it or forget about it. There's nothing in it for them to give you the money now
Yep, I never shopped Kohl's because their pricing games were too complicated.
Our small Illinois town has just been "targeted" by two huge retailers, Hobby Lobby and TJ Maxx. And the weird thing is people here are just besides themselves with glee.
Snobby Lobby is pretty cool if you're an artistic type.
We will be forced to only shop online on Amazon and Walmart where they can track and control our every purchase
EXACTLY.
You can't control your own purchasing?
And expensive thrift stores.
If you use those services, they are already tracking your purchases and behavior…
Just gotta abandon consumerism. Buy used, repair what you've got.
There is zero service in retail as it is!
The corporations took over the gasoline service stations, and then the service went "poof". You can not even find self-service windshield washing. Gas pump receipt printers do not work half the time. Trash cans overflowing.
because managers don’t hold employees accountable. plus little training and a poor HR selection.
@
Or there is way too much turnover. Just how much can an employee help with, if they have only worked there for a few weeks? Why so little effort to retain the best workers? Why are good workers who have been there or been loyal for years, so underpaid? Then they find a better deal elsewhere and your best employees are gone. Then crappy service, bad reviews, declining customers or customers having unnecessary bad experiences.
Customers have become irate Karen's as well. I wouldn't want to serve some of the entitled jagoffs for minimum wage
Applying for a job these days, it's such a scam!
I used to worked in retailing back in the 90s full time and part time. It was a great time having to have great customers that appreciate you. High-end stores, loved it !
This is precisely what I was looking for. Thank you for posting this!
Cornholed by The Great Cornholio himself! It did it to itself.
Shopping experience is gone
Except for Amazon and eBay.
People don't go to the mall to see friends, meet new people, spend the day anymore, movies, food. They working three jobs and got Amazon😂
@@Stark-ek7mhbeen buying car parts, etc off eBay since 1999, great, love it.
Maybe but when I go to the mall in Glendale, CA, it's packed.
RIP
China, online shopping, amazon. It was just a matter of time! Sad. I hate technology and the greed that sent work to China.
Amazon will fall too.
I hate rampant consumerism. I say GOOD that these strip mall that put the mom and pops out of business are going down.
Moving, especially out of state, costs at least $10k+ and according to most people everyone is broke. Nobody, except maybe store management would be able to move.
Not to mention the job market seems bad everywhere. I’ve traveled and applied to 4 different states with no luck . I’m happy I didn’t spend all my savings moving before hand
Most people are ignorant and silly. They're their own worst enemy.
There are plenty of folks who aren't broke. I am one of them. I would not hesitate to transfer to Florida (from Texas) for a Federal transfer, even without relocation incentive. 💰
@@DIVISIONINCISION Don't come to FL we're full
10k?! Where do people get these random numbers from? If you are spending that much on moving out of state then you are making some very bad decisions.
You can thank Amazon and other online "retailers" for these store closings. They have made shopping easier from home without having to drive to shop! Convenience.
And then you will complain when there are no shops open.
You can thank the *people* who shopped at Amazon and online.
No the high rent on these big buildings is the problem
I go to my local UPS hub, too ship the stuff that I make.
When I go in there...there are dozens of stacked pallets of Amazon returns...every day!!
I say to myself...how can they stay in business, with all of these returns...every day???
Just demonstrates the amount of margin that is built into all of this shit that people insist on buying...simply because it's easy, online.
WTF???? I just don't understand that level of stupidity.
Maybe we are, truly doomed...by our inept programming.
Sad.
Well, since you can't get any real customer service at local stores, you have to drive there, and items are more expensive, I've found I actually prefer Amazon. Cheaper, easier, and delivered right to my door.
I walked in Macy’s in the mall by me a few days ago for the first time in probably 20 years. For lack of a better word, I guess I was “ignorant” to the fact, or never paid attention to their pricing and retail items that they sold. They have brand names at brand name prices but they are priced out by the economy of 20-30 years ago where the middle class could afford their prices. The “middle” class now shops at walmart. On top of that, the Macy’s I went in looked like they haven’t repaired things in a while and the interior absolutely looks like it’s stuck in the 90’s.
Macy's independently owned their store at the Muncie Mall years ago before it went out of business. The stores new owner now has a giant overstock supply of stuff from other failed businesses. The whole mall is a shadow of its former self. Pitiful.
New company bought the mall a year ago. Gonna try and turn it around. SMH It's toast.
Kohl's is behind the mall looking like it's barely hanging on. Even Target by that mall seems sub par.. Muncie Indiana has seen it's day.
The 90's were a good time of luxury and refinement, baby Dixon. Respect the 90's! Rise up.
Kohl's near me has 3-4 times more Amazon returns than Kohl's shoppers. Ghost town.
Starbucks is not declining because of non-paying customers hanigng in their lobby, they're declining because of the outrageous price of their products. I can get a coffee at White Castle for a $1.
Macy's and Kohl's have been struggling for a decade. No big surprise here.
Our Macy's has been closed for years
Strange how we hear about these large closures all the time and they never seem to effect the headline unemployment number.
Those numbers are fake! Not strange at all once you understand that.
Its like they play with statistics…..
you forgot to mention the supposed government jobs created, counterbalanced the private sector jobs unemployment rate. it's a rigged number to say the least. it's been a phony economy all along. Armageddon is coming, plz prepare.
Yep those statistics are massaged to the extreme. All fake numbers.
Working two crap jobs instead of one career tends to keep job numbers high.
Michael, you are so right about people being less nomadic these days. I see so many people complaining about home/rent prices in their area and i keep thinking "then move"! They give every excuse under the sun not to leave and head to cheaper areas. Wanting to hang on to a gas station job in the city or their kids have friends at school.
Because they’re expensive. I see a lot of people shopping at Ross now
I saw an article in DailyMail yesterday saying Ross is also closing some stores.
Never heard of it.
I agree with Starbucks. The hangers-ons do all sorts of things in the bathrooms. It is time to re-invite paying customers
Agree, and customers who don't occupy a table half the day and buy one coffee.
I just told a friend that every time i go to kohls i feel like im the only one in the store except the employees
And no help to clean the mess customers leave in dressing rooms snd open packaged goods, high school kids are lousy employees ,now here there are lots of 60 plus cashiers women working, !😮
Except in line there’s 100 people one checker
Lol, same. I also feel that way in JC Penny. I don't even know how those stores are still open.
@@ozzy.....7383Right!😂
Remember when it used to be "shop til ya drop"? Now it's online/home delivery, if at all. Few have $$, and most shop for necessities. Shopping isn't pastime anymore.
Sounds like living below your means. I'm use to it.
The thing is most were spending money they did not have to begin with.
Debt was the pastime.
Maybe people garages will have less junk in them after a while.
I hate shopping tbh
Valerie, plenty have money. You don't, and we understand that. That doesn't mean everyone is broke!
Now it's " shop till you... fart... on a sofa"!😂😂😂
I worked at a Carson Pirire Scott back in 2014-2017 here in the Chicago suburbs They went bankrupt back in 2017, and I can tell you wasn't suprised at all to hear it. They gave the gm these HUGE bonuses for sales he had nothing to do with, while paying me minimum wage no benefits. And half my job was taking excess merchandise and storing it in our huge furniture gallery storage where it all just sat there, never being sold or even stored anywhere else. They were getting their butts kicked by Amazon way back then so I'm sure now they're just getting pelted.
Aldi is openning new stores ...
Aldi stores are always trashed and empty of food.
Bioengineered food. Many health issues
@@deelehey2827 yeah I can never get what I want from that place. I stopped going it's an extra trip that ends up not being worth it.
That place was a huge disappointment when I first went. I heard they are really nice in Germany though.
I worked for so many different companies during my life time (a lot of jobs I hated but still did it for the money), each job requiring a different skill set, but each one of those jobs taught me something different. It showed the employer I worked for the last 21 years my experiences, how I can adapt to change and that I could make a difference if it was needed.
Try something different if what you’re doing isn’t working. Spinning your wheels gets you nowhere.
experience is worth alot
Amen. I graduated from college in 1982 with a journalism degree. Since then, I have been a resume writer, office supply salesman, telemarker, car salesman, probation officer, truck washer, retail worker, TSA agent, national guard soldier, bread stocker, fulfillment worker, YMCA worker, FexEx hub worker, nursing school administrator, customer service worker and probably a few other jobs I have forgotten about. I just do what I have to to survive. I still managed to retire with a gov pension.
@ lucky guy. All I ended up with was a $240 a month SS check. But I have 2 Million net worth
Shun Status Items!
My ‘83 Corolla ran dirt cheap for 35 years before the body rusted away from the excellent drive train. Whoever comes out with a bare bones gasoline only vehicle
with the least amount of computer chips will capture a HUGE slice of the U.S. auto market, as my fellow American serfs ‘endeavor to persevere’ during the collapse of the Empire.
As Nissan is toying with producing NP300 bare bones small work pickup. And Toyota with a similar Stout pickup. We can all hope.
@
That’s great news!
A diesel car would have lasted longer than that Corolla, and with much better features (VW/Audi/Volvo/BMW).
Deregulation could bring this kind of stuff back. It's all the regulations like insisting on a rear view camera, or having the insane levels of safety for crash tests. The EPA regs force manufacturers to have tiny engines with turbos that wear out early.
@@DIVISIONINCISION
NO SENOR
The body rusted out. The engine ran like a top till the body disintegrated.
But kohls just put sephora in their stores.
If you want this to stop, quit using Amazon. It's killing us.
I want to quit Amazon and Facebook. It’s difficult to do. Amazon I plan on quitting next year, they already took my annual membership fee.
I love my Amazon Prime, young Chadwick.
Oh they will stop using Amazon, only to go and use Temu LOL!!
Your the only one who understands.
Killing who? Alot of the things I order on Amazon regularly are $10.00 cheaper per box than if I'd gone to the store. Plus they deliver right to my door.
Christmas shopping was a breeze. I cant imagine running from one store to another for overpriced items and wasting time/gas.
Moving costs are very high right now.
Not only that the price of houses are still sky high in many parts of the USA. Rents are also still quite high.
Sell all your large items and buy new stuff when you get there, more cost effective
Kohl's in my area is like a ghost town.
Haha, hope you got a good look 👀 and memory! 👋👻
Same here in Hyannis, Cape Cod. How they're making any money is beyond me. ✌️😎
I go there to return Amazon Packages.
This bad economy is going to get A Lot Worse.
Kohl's has been dead for years now,Macy's who can even afford to shop there.
Moved from California to Indiana. Taxes are light, military pensions not taxed, new governor wants to eliminate taxes on elderly. Moved out of California, bought four rentals in Indiana. You can evict everyone in a week in Indiana small claims except for a pregnant woman in winter. I love being a Hoosier!😊
Stay Red!
please dont vote like a Californian or it will happen there too
Indiana is a dump. Texas offers more for veterans. Free car registration and no property taxes for 100% disabled vets! Weather is also better in Texas compared to the Midwest!
After you su ked California dry, bunch of self righteous americans!😮
Are you distressed you can't evict a pregnant woman in winter?
I just checked, our Macy's here in Cleveland Tennessee is staying open!!! 👍 Such a beautiful store!!😁
I just had an experience today where I went looking for something at my local comic book store. they didn't have it and couldn't order it. I said "I'll look online" and the owner said good luck in a way like "it'll be hard". 15 mins later I had what I wanted shipped to me for free. So until local stores can compete with that there's no future for local stores, you can't provide a worse experience to online for folks, it's just reality. Online tends to be cheaper too. it's the kiss of death for the old model whether you like it or not.
I live 25 minutes or more away from everything and seems like the stores are out of the stuff I need is a crap shoot so why bother I just buy groceries at the store the rest is all online
Comic book store? Those still around ?
Depends on what your buying
These brick-n-mortar idiots complain that they can't compete with "the internet" instead of using the internet to sell to the world. It's the greatest sales opportunity generator since ships were invented and I don't feel sorry for anyone who goes under because they refuse to adapt and compete.
Job relocation simply isn't an option anymore for most. Corps pull a fast one all the time like rescinding offers like coinbase. Relocation is also not cheap and usually job relocation is to expensive metro where ur money does not last
Always someone to take your place.
If you are offered a promotion, you'd move, fool. I know you would. 🤣
Macys has been closing stores for years as the retail apocalypse has affected malls the most.
Wait. That house was $2.35 million and then jumped to $16.5 million then dropped to just under $15 million. What a joke! I won’t pay $1 over $200K for that. And nobody else should either
I remember when they went woke and canceled the my pillow guy..they took political side well I stopped shopping there they did it to themselves if you allianate half of the voters from the other side that's what happens
Ditto!!
Mike,
It doesn’t matter. Their expensive garbage coffee won’t sell. You can get better cheaper coffee at many other establishments. I used to be a client, but they lowered the quality of their coffee. They won’t see me at their shops.
Agreed!
They don't have to see you there to sell coffee.
I was at Starbucks yesterday here in Bali.
I get the regular coffee there with creamer and it's fairly cheap. I like it. 💯
Client?😂
@@blackworldtraveler3711 🚨📢 Starbucks fan boy spotted!🚨
I don't know anyone under 40 that shops at Macy's. Who is their target customer? The company is doomed no matter what they do.
If a man is single he can pack his bags and move to a better opportunity on the drop of a dime.
This is what I did. Got everything into a small u haul trailer and moved halfway across the country cost me about 1000$
Not exactly. I'd need to sell or lease my house, but yes, otherwise you're right.
Kohl's was a trainwreck. reactive policies, no structure, terrible buyers.
It sounds bad when you hear stuff like that, but in my area there are some new stores opening. Marshall's, Five Below... some companies just have poor management.
ALOT of retail have sh*tty management.
We moved to the Midwest, to save money, it aint working and the family and friends who used to be there, are weird and we don't socialize. We'll be moving back to N.C. once the prices on homes go down a bit more.
Lol @ family and friends are now weird.
🤣😂🤣
Not all family and friends of course, still have some close ones.
How about neither the MIdwest or the East coast? There are better areas that are lower cost with better weather.
@DIVISIONINCISION true. Need some family and friends though, can't start fresh all over again!
Good to see Michael back in a tank!!
We started to require hourly minimums 20 years ago in our coffee house. Worked well
If businesses aren’t closing in California they are leaving California. California has almost empty strip malls all around California, and unaffordable housing is being built around the areas or replacing the where business once was. Starting Studio in San Diego is $2,000 and up. Sad. Food, shelter, clothing, and access to medical is a thing of the past.
Went to school in Northern LA, now in Phoenix, I would never live in LA again, thankfully family relocated
Store closing are jobs lost. We cant continue to go down this road
All the stores in malls closed in China last year it was a Bellwether for what is happening around the rest of the world🎉
True! 🤡
All the stores in malls closed in China last year. LOL, sure.
@@cabracoveslightly overstated
They even got sick of the cheap crap they make.
@cabracove Shanghai seemed to have had the worst of it😥
Has anyone noticed how cheap clothes are being made everywhere ? Pisses me off !! Materials are flimsy pure junk !! It's like the U.S.A. products are going elsewhere, and we are getting their junk !!
Comfortable cushion furniture at Starbucks had to be removed because some “homeless” pee in their chairs or “leak”
Sick!
Ew
🤢🤮
Sad to hear about macys! That's one of those stores that I can't imagine xmas without also! Walking into macys at xmas is magical feeling and always helps add that xmas wonderland feeling. Retail stores are a attraction to tourists also in many areas also when buying homes. People always like to have stores near them to shop. How boring would it be to no longer be able to browse around physical merchandise to shop or see what your buying you actually like or try on cloths? It takes the joy out of being able to go somewhere if all these Retail outlets ect keep closing. Is that the future the world wants? Online shopping is convenient until your returning more than you keep due to damage , wrong size, wrong item ect. Or your package picture delivered doesnt match your house stairs. Then it's not so convenient.
Macys had gone low-end, having clothing from China. I never bought anything from Kohl’s.
I get a lot of my clothes from Scheels, Cabelas, Eddie Bauer, LlBean, sometimes Columbia online, or at REI, rarely LandsEnd.
Do you remember back in the 90's we had that awesome men's clothing store called "Structure"? Miss that place.
In 10 years all that will be left is Amazon and Walmart. Maybe just Amazon.
Moving takes a lot of money too.
Tell me about it! I just moved two months ago from NM to MO and I'm still bleeding money!
Not in Hawaii. You're literally moving a few miles away on an island! 🤣
Depends on if you are willing to let go of your possessions. The real issue is that the housing market is still high in several areas and so is the rent. Oftentimes moving means paying way more.
"Just move" that takes money, which no one has. "Poor hiring managers who have to go through hundreds of applications" they use ai just as much as the applicants and they still post ghost jobs, which make up more than 30% of all listings. No one should be excited about "rent not going up much despite inflation" considering that in the 60s, rent was, on average, $60-$70, or with inflation $650-$800. Modern rent is twice as much as it was for my grandparents, while wages have stayed relatively flat.
If Macy's go semi-belly-up, who is sponsoring the T-Giving parade each year.
lol right!
Amazon 🤷🏼♀️
Starbucks? Is that the place with the coffee that tastes like walrus pooh?
Over roasted
Both owned by Vangaurd / Blackrock. What more do you need to know. Standard MO.
Thank you to our host for this beautiful walk around outdoor tour. Sorry the news for retailers isn’t more positive. Important content. Important topic
and yet if you listen to biden, the economy has never been better......and chocolate chip is the best ice cream flavour.
The economy is not consumer prices. The wrong terminology is being used.
I ordered quite a number of items from kohl's. Some came by mail, and the rest they told me my items were waiting for pickup in Redmond WA, a 10hr drive away. They won't ship. Incomplete outfits for kids, it's all going back.
You almost always get refills on coffee at actual restaurants...but Starbucks is like going to a McDonald's...
Nobody has any money to leisurely shop.
We do have money, Robert, however delivery is easier if you know what you want.
None of these stores sell anything more important than food
I used to go to the Kohls that is closing in San Diego. The only reason we'd go there was to make Amazon returns. Nothing in that store leapt out at you. I would never think to myself, "I need something at Kohl's". When people who visit your stores can't see a reason to go there... If they didn't have Amazon return stations I bet even more would close. Macy's, why would you even go there? To pay double for clothes and have store card signups shoved in your face?
In Canada it’s normal to drive 1hr to your work
Michael . . .superb content. But . . .all life is changing. Like your vid today . . .three ad interruptions in the first 12:10. Bummer . . . . . .
Also remember every LESS person working is less "Social Security" TAX money "collected"
Robots should pay income and social security taxes.
Also less income tax money collected, which is more serious in the short term.
I am in Pawtucket, RI and I confirm. Rents are insane ... due to rich people moving in from MA, NH, CT - even some folks as far as ME coming into RI for a quiet life. Bad news for locals - they are getting pushed out and forced to seek alternatives like moving in with friends and family.
macy's went woke
kolh's went woke
They Have Learned Nothing
They can all go to work at Amazon and while you're at it start buying their stock
I could see Macy’s, but Kohls? I LOVE Kohl’s! 🥹
great content thanks
Michael if people don’t have 1000$ for an emergency how without family to help them at the new location can they afford to move
Study what folks did during the gold rush.
The reason why Macys is on its way out is because of their terrible employees are terrible,no high quality service there,poor stocking and everything is unorganized!
I use to go to coffee shops to study in college, but I at least bought a coffee. When I finished my coffee, then I went to get more coffee. LOL And yes, there is nowhere to sit because people have their laptops and study materials all over the place. It's not homeless like you say - it's typically college students.
And people who cannot afford internet service at home.
I've worked in a Mall. There is virtually no reason to shop and purchase anything from Macey's. Prices are crazy high everywhere, anyone in government who tells otherwise is lying - the economy is poor. People are wising up, they're not blowing money on a fifth Hoody jacket that costs 75 dollars. Save and invest. Invest and save.
I was just at starbucks there was a lot of people on laptops with no coffee cups, it true they had a whole table each for 1 person.
Free WiFi 😀