The economy is doing good but the money is not "trickling down." Not sure why anyone still believes that economic theory. Just about every economic indicator is doing good, but none of those numbers matter if the money isn't being distributed properly. All you have to do is look at assets like Bitcoin, stocks, gold, and other things to see there is plenty of money being spent. It's just not there for the majority of Americans to spend.
Didn't even know they were still in business. I remember when I was younger, my stepbrother was an assistant manager at one of those places in the mall. Back then he wasn't even sure they would stay in business. I'm surprised they lasted this long.
@@bobs5596and that's you. The truth is simply that online retail sales only make up 8 to 10% of retail sales at any given time meaning 90 plus percent of all retail sales still actually happen in the brick and mortar environment The reason for the downturn is simply because there's an income deficiency across the population and these companies have saddled themselves with debt. so basically the customers are going broke and they can't pay the company's bills anymore so they close locations that's simply what's going on.
I went to Eddie Bauer and everything in the store was half-price jackets $350 markdown to $ 175 my wife said do you want one and I still said no it's too much money I'm not getting ripped off it's marked way up so they can mark it down. Still a big rip-off
Well it's a fake sale it's not even a real sale they tell you that those coats are worth $350 and then they throw you a percentage and claim that well we're only going to charge you $175 The bitch of it is you're paying $175 for basically a $40 jacket.
I did the same but realized I can get a far better deal online. I only checked because Eddie Bauer doesn’t carry my size in store. I bought two fleece sweaters for $100.
Eddie Bauer has a lot of good stuff@@Bob-zh7lrin the place was packed with people spending money like crazy on credit cards but I didn't buy anything
Maybe people are starting to realize that the important things in life can't be bought? Perhaps this is the beginning of the end of consumerism and materialism?
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I went to Macy’s last weekend because my daughter wanted perfume for her Christmas present. It’s definitely not the same but it still has that Christmas feel. There’s a channel I watch on UA-cam and it shows the mall in the 70’s and 80’s during Christmas. I miss the mall in the 80’s when I was a kid. Merry Christmas everyone. 🎄
I used to work Santa’s train that road the kids around the top section of the mall. 1988. 15 years old. We had to count 4 laps. There would be a line of waiting kids . I’d lose count because I’d start daydreaming. Either too few laps or too many. All the little kids would yell at me.
I work 12 hour slave shifts at a hospital. Bought a pair of tennis shoes from Temu for 16 bucks and they are best damn tennis shoes I've ever worn. To hell with Foot Locker.
The shoes likely all came from the same factory in China. A doctor told me 36 years ago to buy running shoes that feel and fit good, even if they are the cheapest ones....buy three pair when you find them. Best footwear advice I ever got.
We're fairly well off but we get everything 2nd hand that we can. Our pots and pans, towels, etc. may not match but we paid a fraction of what they cost new and who cares if they match. We're not trying to impress anybody. And with the frugal friends we have they'd be more impressed by the low cost vs. value received than they would be about matching towels anyway ;)
@@xlerb2286 I used to work with my half-brother doing remodeling. People would spend a fortune on an entryway or front office in their house to impress people. Only issue was, they had no friends and no one ever visited them. Kind of a waste. Don't you think?
@@OldAndWithered Yup, sure do. What is it Dave Ramsey says, people spend money they don't have on things they don't want to impress people they don't care about
@OldAndWithered: not even close. Your 'friend in the UK' is talking out of their arse. Debt is ballooning because people are putting everything on the credit card to buy the latest thing.
Government propaganda and corporate retailers downplaying panic buying, hoarding, stocking up...all the best ways to make sure your family eats well and has their needs met, when others are lost.
Michael they are talking about cutting Social Security. The problem is big businesses don't stand up to the politicians as well as the utilities and HOAs as well as property taxes. The ones who are crushing it are the ones charging the ridiculous prices. We are sick of these grifters.
I went out to the mall this weekend and paid $31 for a meal. I wouldn't mind about the cost if the food was good, but it was only ok. I went to a mall store and a basic winter coat was $200, at Costco I bought one for $25 and it's warm.
@@trevorbizzell9013 I visit Costco every week but never stop to eat anything there-- nice tough for the $1.50 snack and the $4.99 endless chicken. I love that store!
Funny, I went into a Macy's store a couple of years ago and when I went to checkout they told me they had cancelled my Macy's credit card because I didn't use it over the pandemic years. I walked out without purchasing the items and went to JC Penneys instead. Got what I needed at a better price too! Haven't been back to Macy's since that day. But you're right, Macy's days are numbered. 😂
My friend just signed up for a Macy's credit card which gave him a 15% discount on his cologne. He had to Wait for the cc approval and drive 45mins to go pick it up 2 weeks later. Ridiculous!
Credit cards not used over an extended period of time are ALL cancelled that is why if you have numerous cards and want to maintain their status you have to rotate their use.
@mikejohn0088 Makes no sense, and they did not have the courtesy to notify me that they were cancelling it due to nonuse. They could have made an exception over the pandemic years. I only use retail cards at the retailer they were issued for even if they are serviced by Visa or another bank. Furthermore, it sort of defeats the purpose when you have a good card that offers superior rewards over others to be using anything else. P. S. Having too many credit cards is NOT a good thing either. The credit rating/reporting agencies view it as having too many revolving credit accounts and dock your credit score for it.
@@BlueSpruce2 --They cancel because a CC that is never used is a threat to them of potential fraud and the possibility of vast changes in your ability to pay. Remember a person is not cancelling your CC, it is being being reviewed by a human, a computer program simply cancels. Having 8-10 real bank CCs is a GREAT thing. If you rotate them, pay on time --never being late you get great loan offers and you obtain excellent FICO scores mine being 845 with my oldest CC @ 53 yrs. You only get lose FICO points it you have TOO many CCs with high open charges.
It's the thinning of the middle class, there are just more people who can't afford middle class luxuries: pet, car, house, dining out, these are for rich people now, not the broad population.
Most do this to themselves and never could afford them to begin with which is why there is record breaking credit card debt. I'm not part of that broke consumer middle class and doing fine. Small hat but a whole lot of cattle.
And the broader agenda, cut social security, Medicare, Medicaid, along with as much healthcare as possible, to eliminate the elderly, weak and infirm. 😢
I am retired (70), don't choose to be but, overall physical ailments made it necessary. I am not filled with any sort of 'glee' when hearing of ANY business closing. One reason, only one reason, suddenly, people have lost their income.😢
Sadly Nike has been a money grab for years if not decades. I was never one to pay more just for a name but they used to be worth the extra as they were comfortable and were well made. I think a pair of Wall-Mart specials would last longer now though. I've had good luck with Asics, still wearing a pair I got well before the pandemic though they're starting to show their age. Don't know if their new shoes are still well made.
Macy’s and other big stores at the major ends of malls are “anchor stores” and they usually pay reduced rent or even a percentage of their profits as rent because they are considered the draw for the malls. The inside stores pay regular rent, from what I’ve heard.
They need just as much floor space for that merchandise. So their expense for warehousing is a lot of their overhead. Stores happen to have storefront space which is more than their warehouse space. It equals out.
Well that's actually bullshit. they generally own their facilities however they pay a lot of property tax on those facilities. yeah you should go look up commercial property tax for for just your area and you'll probably shit yourself not to mention the utilities that they have hooked up to those buildings oh they pay a much higher rate than residential even as a previous small business owner I paid a higher rate for commercial electric then we do via residential. Amazon is not brick and mortars problem The internet is a hole is not brick and mortar's problem and the reason being is because online retail sales only make up 8 to 10% of all retail sales at any given time meaning 90 plus percent still actually happen in the brick and mortar environment The reason for the downturn is simply an income deficiency across the board coupled with the fact that many of these Taylors have driven themselves into a ditch with debt that they can no longer extract payments from their customers for. The other reason why the internet is not to blame for brick and mortars demise is simply because brick and mortar has been the internet they've all had a website for well over 2627 years with the capability of shipping directly to you or you would pick it up at the store nothing has changed it's literally the same as it was in 1998 so yeah you don't get to blame the internet that's just a bullshit excuse thrown out there by bad management and shit politicians that's trying to explain away the income deficiency across the population!
I used to like Macy’s quality, but they have gone downhill. They get a lot of merchandise/clothing from China. I ordered two shirts from them three months ago. The material smelled like petroleum. I returned them plus a nice tank watch in protest for their Chinese shirts.
What he’s talking about happened in 2007-2008. Everyone was shopping at Walmart. People in high end neighborhoods that never shopped at Walmart before.
no that's not true A lot of those people used to shop Walmart they just didn't want to admit it I got relatives like that they think they're all that in a bag of chips they're too stupid to realize that what pennies may see some Kohl's are selling them is literally the same Chinese made shit that you could go down to Walmart and Target and buy for half the price. but of course they're also all about the keeping up with the Joneses nonsense. but they do actually stop Walmart they just don't like to be busted at Walmart.
Many many years ago, cuts of meat like oxtails and pork bellies were cheap, but since they’re such a demand for them now, they are very expensive. Wealthy people or foodies got on the oxtail and pork belly bandwagon and had driven the price up. These cuts of meat used to be poor people food because the wealthy people had no desire for them but poor people can’t afford it anymore.
yeh this all started around 2000 when foodie channels became fashionable and chefs were using brisket and tongue and all manner of offal to make delicious meals for dimes on the dollar. When the butchers caught on they hiked the prices and now these cuts of meat are expensive. I hate that.
No matter where I go, I feel like I am getting less in both quality and quantity for my money, so I have stopped spending money on things other than necessities.
I buy New Balance shoes directly from New Balance, and they ship the shoes to me. As far as department stores are concerned, Covid forced people to shop online. Many people bought a lot of stuff during Covid with the help of those stimulus checks. Now that the stimmies are gone and people don’t need to buy a new bed or couch, etc., they have less reason to return to department stores. Of course, Amazon’s prices aren’t the bargains they once were, and Amazon doesn’t put up beautiful Christmas displays as department stores once did.
Well Amazon's prices were never really a bargain to begin with in fact I can remember an article that came out in May of 2016 that actually featured Jeff bezos and the reporter bunch did an investigation and found that most items that you would find at either their direct competitors say Walmart Target or even in some small shops I mean literally they're always within a few cents to a few dollars of each other they're not really the deep discounters that everybody thinks they are. it's like for decades I've heard a lot of small business owners bitch pissing moan about Walmart. but the funny thing is is gee when I opened my small business I was right at or a lot of the times below Walmart's cost on the very products that I offered it by the way they sold too and that was fishing gear.
of course the percentages never really changed on the amount of people that actually shopped online online retail only makes up 8 to 10% of all retail sales at any given time. and besides during the runner bullshit it was largely old and pissed off people that were snickering about people shopping online well certain factions of the media picked that up and ran with it because bitching about young people and bitching about the internet apparently gets them viewers so that's why they bitched about it it wasn't really half the increase that everybody made it out to be.
Footlocker is the place where the young urbans have flash freek off parties and leave with a handful of miss sized shoes and tshirts! Heeeeeyyyyyyyyyyy!!!!!!
Macys has gone downhill, their clothes r cheap, now they charge u for their paper bags, buying online is a nightmare & u can’t track ur package bc they r using independent carriers. Which can take 2 weeks to get if they deliver it to the right address & isn’t damaged or a returned item.
I think people are just starting to see that you can get deals. I try to avoid retail as much as possible for my purchases. Why would you buy a new year car? That guy apparently hasn't seen keeping up to date on all the issues getting car parts. Same thing has been happening with appliance repair parts. The supply chain is really messed up right now so you may or may not be able to get parts in general. The newer it is the more expensive and sometimes harder to get.
One thing I’ve noticed is that malls are simply becoming places for people to hang out and buy fast food. I was in a Belk in north FL and even though there were 70% off sales, shelves looked fully stocked.
This is just the beginning. These companies aren’t offering customers any value beyond a “sale”. This is the collapse of “corporations” and their “market models” have come to an end and have expired.
Agree but that is just one thing. The Govt is maxed out, buisnesses are way maxed out (unless you are one of the mag 7). I think we get stagflation like the world has never seen and that drives us right into the worst deflationary depression the world has ever seen.
@@TheSuperdodgylol wrong, online retail sales only make I pay to 10% of all retail sales at any given time meaning 90 plus percent of all retail sales still actually happen in the brick and mortar environment The reason for the downturn is simply because there's an income deficiency across the population The store closer situation is well you know the customers can't afford to pay the company's bills anymore because they're broke and the companies have made a series of shit decisions mostly taking on mass amounts of debt. you can't blame the internet simply because these companies have been the internet they are in fact the internet of the past 28 years they've all had a website with the capability of shipping directly to you or you would pick it up in the store it's the same as it is today nothing has changed you can't pretend that it's brand new even though everybody's been pointing and clicking away blowing that credit card money for the better half of 30 years sorry Charlie it doesn't work that way. blaming the internet is a shit excuse given to you by bad management and of course shit politicians that's simply trying to cover up for the fact that it is an income deficiency across the population.
@TheSuperdodgy it's not a matter of it being larger you need to get smarter because basically what you're saying is is simply the online retail is sucking up all of the customers and I was telling you that no they're not. so step one is to learn to read step two is to then comprehend what you read!
You do realize that that comment was lost on about 90% of the populace. People don't read anymore... all this tech is making us less intelligent, not more. But I hear you... it was great while it lasted. Next is going to be scary.
The middle class no longer exits , I mean if you’re not making 125k at minimum or 250k as a couple your not middle class adjusted for prices from 40 years ago .
Holiday magic: Millions of people are spending money they don't have, on things not needed, charging everything....then singing the blues when the bills come in.
Here in Chile people are like that, materialism and greed is extreme. You can't even walkthough the Mall because is full of people. But when vacations end they cry they are on debt.
Here in Australia. I am debt free, I have a modest inheritance in the bank that is attracting very good interest rates. Why would i spend it and lose all that lovely interest ? I am avoiding all major purchases (eg home improvement ) until interest rates drop. As for consumer goods, i never buy luxury foods or overpriced 'branded' goods. I just don't shop at all really. I have T-shirts that are 30 years old ! FFS They are rags ,but you know....slumming around the house who gives a damn? Right?
I actually did a lot of my Christmas shopping at Macy's this year. I got my grandson a jacket for 20$, the same brand at Wal-Mart was 35$ When Macy's drops prices lower than Wal-Mart.. You know something up.
Also, nobody seems to remember that there just isn't the demand for expensive designer clothing. 20 years ago, the Baby Boomer women were age 45-50 and they all had to wear "nice" business casual to work. They were all wearing Macy's and Penny's. Now all those women are retired, and the young Millenials and GenZ work in ulta-casual office, if not working at home. Nobody needs to dress up anymore.
HVAC will be expensive in 2025 because of the phase-in of new refrigerant. I could use some new AC, but I may decide to get by with ceiling fans this summer and buy AC in 2026 after the kinks of these new systems get worked out.
I don't buy anything unnecessary. I ask myself, do I need it or want it? If I want it I don't buy it. I buy food and necessary products used on the daily. I'm glad I stocked up on necessary items previous years because I saw the writing on the walls. I prepped for times like these. Better to have and not need it than need it and not have it. Now all those item's I stocked up years ago are insanely high in price. That's what preppers do. Item's you stock up on should have value. If it doesn't you don't need it. Some preppers get out of hand with stocking up, others have a more practical sense in all things preparedness these are the smart ones. You have to assess the writing on the wall and look at where we are now. We're not in a good place economically and financially therefore we prepare moreso than ever. But not like a maniac panic buying hoarder. And there's a ton of those shoppers out there like we've already seen in 2020.
We tried to shop at Macy for black Friday. It was so crowded that he had to turn around and leave. We need a new pot and pan set. As of today, we haven't gone back yet. We are waiting for the end of the holiday madness
Macy's charged me $25 and closed my credit account that I had for 10 years because they didn't send me a statement for a coke I bought at TJ Maxx. Macy's used to be a good store, and it is if you buy the more expensive merchandise.
My shopping center is packed! Very busy, Nordstrom, Macy's, lord and tailor, Brooks brothers are just a few anchor stores, also has a outdoor walk around, dog walk restaurants like capital grill and wildfire. It's very nice and gets lots of foot traffic. It is definitely in a upscale neighborhood.
😂😂Lord & Taylor went out of business 2 or 3 yrs. ago and Brooks Brothers is not an anchor store. Are you talking about Oak Brook Center in Oak Brook Illinois?
They call the area around me the "Northshore" suburbs just north of Chicago. Prices are up and I do believe it's a bad economy, but I drive past nothing but upscale shopping and right next to it is about a mile of every car dealerships you can imagine. Audi takes up a whole corner 😂
When I grew up, almost everyone could afford shoes. We had stores like Leeds, Tom McCann, Gallenkamps, buster brown. Even by 70s and 80s standards, the shoes were not expensive. You could get expensive shoes from expensive department stores or expensive shoe stores, but there were a lot of average every day working in class shoe stores. These shoe stores I mentioned were better quality than Payless shoes yet they were not out of the price range of most Americans. Now shoes are ridiculously expensive. Not everyone wants to wear athletic shoes. Unless you pay hundreds of dollars, shoes for every day use such as in an office are so cheaply made they will mess up your feet or fall apart.
What I see around me is young people spending $200-500 on a pair of runners. Along with that an outfit from LuLu Lemon or Aloo yoga, each piece costs $150+. If you want to get ahead in life, and build a family you need to realize that having these items will cost you, and putting them on credit is no solution. Shop less and buy more basic and durable items. I choose to buy footwear that lasts, from a local business, but usually under $200.
@mildredpierce4506-It was Thom McCann, I think, and Leeds was Baker's in the East (women only). But there was also Schiff Shoes and Kinney Shoes was popular also. Chicago had Maling's (women), Burt's and Berland's as well as O'Connor & Goldberg, Chandler's and The Wild Pair. Anyway, point is they were all stylish, affordable and of decent quality. These all have one counterpart today I can think of: Aldo, and their shoes are $125-$180. So consider same quality and you do rest of the math!😮😮😮
Doll, We've been prepping for Y2K, for over 26 years. Our closets, cupboards, panties, freezers are full. We got toilet paper, water filtering systems and cute sun ovens. My barns are full of laying chickens and roosters waiting to die. Sorry about the sweet young disrespectful punks that has been looking down on these poor as dirt old folks hunkering down and living poor. I paid cash for my car when my old one finally died. But it's always been ruff, joining the Army for a college education, digging in the couch cushions for my kid's lunch milk money. Sorry, not sorry. Rooster Soup with made by children noodles for our holiday dinner this year. No need to visit stores.
Yea this isn't some sort of "people don't have money" or economic thing. It's just the world changing. I work at target and we have a department for people who fill orders for online shopper's. And they have been busier then ever. Meanwhile the the store has almost no people in it. I think this "the economy is in trouble" is a bunch of bs
We're just tired of buying overpriced crap.. who even wants to visit a mall? No time for silly and unneeded chores when modern evolving shopping frees up time for more important things
Bought a pair of black NIKE sneakers back in the 90's - after wearing them during a rain shower my socks turned black! Turned my back on the brand there and then 😞
There’s a trend that’s been emerging for decades. Retail is splitting off into either higher end or lower end stores. The retailers at risk are the ones that serve the middle market.
I was doing Macy’s style surveys when they would email them to me. The stuff they were coming up with was just horrible and I stopped short of calling it ugly. Macy’s has lost their way. Sure some people would shop those styles and think they were great but the majority of people were not going to wear the stuff they were proposing in the survey.
As far as shoes go I have a pair of Tony Lama boots 25 years old and I have resoled them once and they still look good albiet not in style with the new boots. These boots cost me 200 dollars 25 years ago, which was a lot of money then. If you need shoes look at quality first even if you have to save for awhile , they will last much longer than cheap
I work in retail and traffic is down double digits … they complain the traffic conversions don’t meet there expectations but in the same breath they give us payroll to run the reg and pick online orders …. Nobody to help anyone on the sales floor
lol WRONG! online retail only makes up 8 to 10% of all retail sales at any given time meaning 90 plus percent of all retail sales still actually happen in the brick and mortar environment The reason for the downturn is simply an income deficiency across the population the closure problem is simply because most of these retailers have run themselves into a ditch with debt that their customers can no longer pay for them. The other reason why blaming the internet is completely stupid is simply because to blame the internet is the retailers blaming themselves given that they all have been the internet for the past 27 years at least some were there on the internet prior to that and yeah for that time they have had the capability of selling directly to you and they would either ship it to you or you could pick it up in the store nothing really changed in fact most retailers of the older variety such as pennies at one point Sears before they bit the dust basically what they did is they took their catalog and moved it online that's really all online is is just the fucking catalog. so blaming the internet is an excuse brought to you by bad Management and shit politicians that's trying to cover up the fact that there is a income deficiency across the population.
Macys where i live are dirty and staff no better. If you can find staff. I prefer in-store shopping to look at quality construction, colors, and fabric. Stopped going to Macys because it went way downhill
If you know your shoesize, pants size, or shirt size by particular brand.....no need to go to a store, just order them on line. Thrift stores also are a boon in the clothing business right now. There is a huge huge surplus of clothes on the open market possibly massive as they have to dump clothes in the desert in South America.
Maybe young people with healthy feet can do that. But people 50+ or those who work standing up really need comfortable shoes, and it's worth trying on different pairs in a store to see what works. Many people also have non-symmetrical feet, and need to experiment to find an adequate fit. As for me I'm a size 12 and a half, most shoe brands stop the half-size at 12 and go right to 13. I often have to decide between "snug 12, but it'll stretch enough" or "loose 13, but I can live with it".
Wife and I go through shoes and I don't recall ever buying footlocker. We both work in a hospital setting, her patient care me building maintenance. We buy through either browns shoe fit company or scrub hub. Shoes we get are quality but we wear them out because we are on our feet hustling around all day at work.
Macy's merged away good local stores and stripped them of good quality merch and service. The stores are unkempt, poorly staffed and stopped carrying swaths of certain lines years ago. They abandoned entire markets, closed flagship locations to sell the real estate and sold off their credit card...while jacking interest rates to 30%! I miss the store they were, but killing off Marshall Field's, Burdine's, Filene's, Kaufmann's and others was a colossally stupid idea.
I also see this years shopping being big! Maybe even record breaking! People really don't have the money, but are excited about the new president, and his administration coming, in, and think things will be looking up!!!
This will pull demand forward if people buy in fear of prices going up, the demand will collapse as people already bought what the need, any we will have deflation the opposite of what people think
Footlocker closed down here a few years ago. The only place you can buy athletic shoes locally now is a sporting goods store if you need football cleats or such - I haven't needed those for decades. But if you want a pair of running shoes there's only one store. It's a great store but they only have high end shoes for serious athletes. I don't really need a $300 pair of running shoes to knock about the house and their shoes only go up from there in price. How in the world do people buy shoes online when sizes vary so much between brands and models, and even if they fit they may not feel right. Just keep returning them until you get a pair that's right I suppose.
@@stevenpage8847 I'm going to have to do that as well. There's a larger city that's a few hour drive away from us and we get there once or twice a year. We'll have to add shoe shopping to the list of things to do. Inconceivable ;)
@ I buy off 6pm. It’s online and they’ll ship. I’ve been buying saucony running shoes. They’re $30-40. They’ll last a couple years. I stand all day at work. They’re foam bottom and lightweight. Just an idea for ya. God bless.
Macy's carries designer brands just like other stores but will not lower their prices by couple of bucks even though they are going under. Nike ghetto designed shoes dont sell anymore and are way overpriced.
The company I work for is one of the largest companies in the world. We did not have our usual thanksgiving turkeys this year and instead that money went to fund the Christmas party. Had to sacrifice this year. Things are getting so bad. Next year we will probably have nothing. Did I mention this is one of the biggest companies in the world?
In Brevard County Florida, Every Mom and Pop deli has closed as just reported in Florida Today newspaper. Sports bars are mostly empty. They serve cheaper food to save money. Quality? No more.
Ignorance reigns throughout the US economy. Most people DO NOT know how to shop nor compare prices on most things. EXAMPLE: ago to any Denny's restaurant and on the menu you have a value slam for around $7. Go to another menu page and the original grand slam is over $15. You are paying $8 extra for 2 sausage links/ or bacon strips , but people are too lazy or ignorant to realize they are paying $4 EACH for a bacon strip/or sausage link. Each plate also comes with 2 eggs and 2 pancakes . Stupidity reigns.
i went by a McD's today that had closed down the dining area and only had the drive thru open. makes sense you need fewer people to run the drive through. anyone else seeing this?
I bought a sactional that is made from one of the Asian countries. It was 35% off with 30 month, 0% financing. I feared if I bought it next year, I would probably pay more with no discounts or 0% financing. I also bought other smaller home goods on substantial off sales. I need a new roof, but couldn't save in time. Hopefully, tariffs won't affect this type of products.
If it’s not product I use almost daily, ie food, grooming products, supplements, I rarely buy it. It’s December and I’ve bought less than $500 worth of clothes/shoes all year. My YMCA membership, which I use daily, costed more. Highest priced purchase was a bullpup shotgun I bought myself for my birthday.
WARNING! This ONE HOMEOWNER MISTAKE COULD DRAIN YOUR SAVINGS ua-cam.com/video/PyK82m-E2_Q/v-deo.html
The economy is doing good but the money is not "trickling down." Not sure why anyone still believes that economic theory.
Just about every economic indicator is doing good, but none of those numbers matter if the money isn't being distributed properly.
All you have to do is look at assets like Bitcoin, stocks, gold, and other things to see there is plenty of money being spent. It's just not there for the majority of Americans to spend.
Stay in shape, be debt free and live a modest life.
Get bf/gf too.
@@CrazyTimelikeUA-cam hopefully if you do the above you will get bf/gf. lol.
@@subaruamazon
I do all of the above. I don't like debt.
this is going to be the Hap hap happiest Christmas On earth...
@@CrazyTimelikeUA-cam debt is a down fall.
Footlocker has always been a rip off.
Didn't even know they were still in business. I remember when I was younger, my stepbrother was an assistant manager at one of those places in the mall.
Back then he wasn't even sure they would stay in business. I'm surprised they lasted this long.
I never could understand why they existed
i buy my running and training shoes on amazon. have't been in a shoe store in 15 years. also i buy 4 pairs at a time!
@@bobs5596and that's you.
The truth is simply that online retail sales only make up 8 to 10% of retail sales at any given time meaning 90 plus percent of all retail sales still actually happen in the brick and mortar environment The reason for the downturn is simply because there's an income deficiency across the population and these companies have saddled themselves with debt.
so basically the customers are going broke and they can't pay the company's bills anymore so they close locations that's simply what's going on.
I dont know why anyone would go there. You already know everything is expensive and marked way up.
I went to Eddie Bauer and everything in the store was half-price jackets $350 markdown to $ 175 my wife said do you want one and I still said no it's too much money I'm not getting ripped off it's marked way up so they can mark it down. Still a big rip-off
Well it's a fake sale it's not even a real sale they tell you that those coats are worth $350 and then they throw you a percentage and claim that well we're only going to charge you $175 The bitch of it is you're paying $175 for basically a $40 jacket.
I did the same but realized I can get a far better deal online. I only checked because Eddie Bauer doesn’t carry my size in store. I bought two fleece sweaters for $100.
So you buy your jackets where?
Eddie Bauer has a lot of good stuff@@Bob-zh7lrin the place was packed with people spending money like crazy on credit cards but I didn't buy anything
Maybe people are starting to realize that the important things in life can't be bought? Perhaps this is the beginning of the end of consumerism and materialism?
I do love my Apple products
Doubt it
No people are broke. 1 bedroom apartments are $1800
Hope you are right!!
I hope so
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I went to Macy’s last weekend because my daughter wanted perfume for her Christmas present. It’s definitely not the same but it still has that Christmas feel. There’s a channel I watch on UA-cam and it shows the mall in the 70’s and 80’s during Christmas. I miss the mall in the 80’s when I was a kid. Merry Christmas everyone. 🎄
Was in my 20's in the 80's, when malls were at their best.
Mall arcades, movie theaters and Spencers gifts. I wish kids today could experience that.
80’s malls were the best of times.
Me too!!!
I used to work Santa’s train that road the kids around the top section of the mall. 1988. 15 years old. We had to count 4 laps. There would be a line of waiting kids . I’d lose count because I’d start daydreaming. Either too few laps or too many. All the little kids would yell at me.
we live in a clown world so nothing surprises me anymore, thanks for the video
Trust me, rich people are cheap. They expect bargains or free.
yep, some of the richest fks i know would fight over 10euro with employee , but dont mind spending 10k on a handbag.... amazing mentality...
I work 12 hour slave shifts at a hospital. Bought a pair of tennis shoes from Temu for 16 bucks and they are best damn tennis shoes I've ever worn. To hell with Foot Locker.
The shoes likely all came from the same factory in China.
A doctor told me 36 years ago to buy running shoes that feel and fit good, even if they are the cheapest ones....buy three pair when you find them. Best footwear advice I ever got.
Friend in the UK says everyone over there buys 2nd hand if they can, from clothes, yard equipment, tools, etc. to save money.
Even second hand and thrift stores seem to be going up, gouging.
We're fairly well off but we get everything 2nd hand that we can. Our pots and pans, towels, etc. may not match but we paid a fraction of what they cost new and who cares if they match. We're not trying to impress anybody. And with the frugal friends we have they'd be more impressed by the low cost vs. value received than they would be about matching towels anyway ;)
@@xlerb2286 I used to work with my half-brother doing remodeling. People would spend a fortune on an entryway or front office in their house to impress people. Only issue was, they had no friends and no one ever visited them. Kind of a waste. Don't you think?
@@OldAndWithered Yup, sure do. What is it Dave Ramsey says, people spend money they don't have on things they don't want to impress people they don't care about
@OldAndWithered: not even close. Your 'friend in the UK' is talking out of their arse. Debt is ballooning because people are putting everything on the credit card to buy the latest thing.
If people aren't buying now they won't buy when prices are higher...
Government propaganda and corporate retailers downplaying panic buying, hoarding, stocking up...all the best ways to make sure your family eats well and has their needs met, when others are lost.
They are buying, just online and getting it delivered. I'm in logistics and final mile this holiday season was insane
Michael they are talking about cutting Social Security. The problem is big businesses don't stand up to the politicians as well as the utilities and HOAs as well as property taxes.
The ones who are crushing it are the ones charging the ridiculous prices.
We are sick of these grifters.
I went out to the mall this weekend and paid $31 for a meal. I wouldn't mind about the cost if the food was good, but it was only ok. I went to a mall store and a basic winter coat was $200, at Costco I bought one for $25 and it's warm.
and a soft drink and hot dog at Costco is probably still $5.
@@mikejohn0088actually it's 1.50$ for hotdog and drink at costco
$31 dollars for a meal???????Quit wasting your money.
@@trevorbizzell9013 I visit Costco every week but never stop to eat anything there-- nice tough for the $1.50 snack and the $4.99 endless chicken.
I love that store!
2.25 for a cold water bottle and decent sized slice of decent pizza
Funny, I went into a Macy's store a couple of years ago and when I went to checkout they told me they had cancelled my Macy's credit card because I didn't use it over the pandemic years. I walked out without purchasing the items and went to JC Penneys instead. Got what I needed at a better price too! Haven't been back to Macy's since that day. But you're right, Macy's days are numbered. 😂
My friend just signed up for a Macy's credit card which gave him a 15% discount on his cologne. He had to Wait for the cc approval and drive 45mins to go pick it up 2 weeks later. Ridiculous!
Credit cards not used over an extended period of time are ALL cancelled that is why if you have numerous cards and want to maintain their status you have to rotate their use.
@mikejohn0088 Makes no sense, and they did not have the courtesy to notify me that they were cancelling it due to nonuse. They could have made an exception over the pandemic years. I only use retail cards at the retailer they were issued for even if they are serviced by Visa or another bank. Furthermore, it sort of defeats the purpose when you have a good card that offers superior rewards over others to be using anything else. P. S. Having too many credit cards is NOT a good thing either. The credit rating/reporting agencies view it as having too many revolving credit accounts and dock your credit score for it.
Home Depot did that to me, they cancelled my card after 4 or 6 months because I hadn't used it!
@@BlueSpruce2 --They cancel because a CC that is never used is a threat to them of potential fraud and the possibility of vast changes in your ability to pay.
Remember a person is not cancelling your CC, it is being being reviewed by a human, a computer program simply cancels. Having 8-10 real bank CCs is a GREAT thing.
If you rotate them, pay on time --never being late you get great loan offers and you obtain excellent FICO scores mine being 845 with my oldest CC @ 53 yrs. You only get lose FICO points it you have TOO many CCs with high open charges.
It's the thinning of the middle class, there are just more people who can't afford middle class luxuries: pet, car, house, dining out, these are for rich people now, not the broad population.
And the broader agenda, cut social security, Medicare, Medicaid, along with as much healthcare as possible, to eliminate elderly, weak and infirm.
Most do this to themselves and never could afford them to begin with which is why there is record breaking credit card debt.
I'm not part of that broke consumer middle class and doing fine.
Small hat but a whole lot of cattle.
All by design by the DNC, they want low income idiots wanting government freebies voting them into office again and again.
@@blackworldtraveler3711 I got chickens.
And the broader agenda, cut social security, Medicare, Medicaid, along with as much healthcare as possible, to eliminate the elderly, weak and infirm. 😢
WARNING! NO SUNGLASSES
😂👍😎
Yes he looks old 😂 Sunglasses destroy eye health 😊
@@keathy1960Old? Are you kidding?
😎
@@jakeforrest Not kidding? Grey hair sunken eyes, But we all grow old and die. Live in a sinful world 🌎 Enjoy your journey 😊💯👍
Discount stores like Marshall's and Home Goods are crushing it too. The checkout lines are long... Disneyworld long. And thrift stores are going nuts.
Haven’t seen a Footlocker since 2000.
I am retired (70), don't choose to be but, overall physical ailments made it necessary. I am not filled with any sort of 'glee' when hearing of ANY business closing. One reason, only one reason, suddenly, people have lost their income.😢
No one said he was full of glee, just stating a fact. Im not "gleeful" neither but it's a fact.
Guess they are going to get hair cuts & join the military, lol. Poor Dears.
@@lillymaypatterson6375 Meanwhile recruiting fell off a cliff and the IRR is draining like a bathtub
Shoes are made like crap nowadays. They won't last 6 months. Especially Nike and Skechers.
That's why I buy European made shoes, from a local business. The shoes are comfortable and they last.
Damn near all of them squeak right out the box now. Pure crap
Sadly Nike has been a money grab for years if not decades. I was never one to pay more just for a name but they used to be worth the extra as they were comfortable and were well made. I think a pair of Wall-Mart specials would last longer now though. I've had good luck with Asics, still wearing a pair I got well before the pandemic though they're starting to show their age. Don't know if their new shoes are still well made.
I love my Birkenstocks and they actually are the same shape as my feet.
I buy saucony shoes. $30 Amazon. This pair I’m going on 3 years. I wear em every day for work.
I've always wondered how Macy's even makes money. They have such massive spaces and the lease on these must be out of this world
I visited the USA last month, from Canada. We shopped at Macy's, and we were the only customers there!
Macy’s and other big stores at the major ends of malls are “anchor stores” and they usually pay reduced rent or even a percentage of their profits as rent because they are considered the draw for the malls. The inside stores pay regular rent, from what I’ve heard.
It’s all celebrity named products who went to China to have their crap made.
@@HarmonsHarboryou are correct.
@@HarmonsHarbor makes sense, thanks
Amazon doesn't pay shop rent or tax. No retail store can compete with that.
They need just as much floor space for that merchandise. So their expense for warehousing is a lot of their overhead. Stores happen to have storefront space which is more than their warehouse space. It equals out.
@@marysaltlife1427 A a store owner myself I'll respectfully tell you that you have not a clue what youre talking about.
@@AnyoneSeenMikeHunt As someone in the warehousing business for retailers, I'll tell you I do know what I'm talking about.
Well that's actually bullshit.
they generally own their facilities however they pay a lot of property tax on those facilities.
yeah you should go look up commercial property tax for for just your area and you'll probably shit yourself not to mention the utilities that they have hooked up to those buildings oh they pay a much higher rate than residential even as a previous small business owner I paid a higher rate for commercial electric then we do via residential.
Amazon is not brick and mortars problem The internet is a hole is not brick and mortar's problem and the reason being is because online retail sales only make up 8 to 10% of all retail sales at any given time meaning 90 plus percent still actually happen in the brick and mortar environment The reason for the downturn is simply an income deficiency across the board coupled with the fact that many of these Taylors have driven themselves into a ditch with debt that they can no longer extract payments from their customers for.
The other reason why the internet is not to blame for brick and mortars demise is simply because brick and mortar has been the internet they've all had a website for well over 2627 years with the capability of shipping directly to you or you would pick it up at the store nothing has changed it's literally the same as it was in 1998 so yeah you don't get to blame the internet that's just a bullshit excuse thrown out there by bad management and shit politicians that's trying to explain away the income deficiency across the population!
I used to like Macy’s quality, but they have gone downhill. They get a lot of merchandise/clothing from China. I ordered two shirts from them three months ago. The material smelled like petroleum. I returned them plus a nice tank watch in protest for their Chinese shirts.
$15 shoes. Worn daily for four years. Finally got holes in the bottom all the way through. Guess about a year left of wear!
What he’s talking about happened in 2007-2008. Everyone was shopping at Walmart. People in high end neighborhoods that never shopped at Walmart before.
no that's not true A lot of those people used to shop Walmart they just didn't want to admit it I got relatives like that they think they're all that in a bag of chips they're too stupid to realize that what pennies may see some Kohl's are selling them is literally the same Chinese made shit that you could go down to Walmart and Target and buy for half the price.
but of course they're also all about the keeping up with the Joneses nonsense.
but they do actually stop Walmart they just don't like to be busted at Walmart.
I never shopped at these stores.
Many many years ago, cuts of meat like oxtails and pork bellies were cheap, but since they’re such a demand for them now, they are very expensive.
Wealthy people or foodies got on the oxtail and pork belly bandwagon and had driven the price up. These cuts of meat used to be poor people food because the wealthy people had no desire for them but poor people can’t afford it anymore.
yeh this all started around 2000 when foodie channels became fashionable and chefs were using brisket and tongue and all manner of offal to make delicious meals for dimes on the dollar. When the butchers caught on they hiked the prices and now these cuts of meat are expensive. I hate that.
No matter where I go, I feel like I am getting less in both quality and quantity for my money, so I have stopped spending money on things other than necessities.
Beautiful evening walk Michael!😊
I buy New Balance shoes directly from New Balance, and they ship the shoes to me. As far as department stores are concerned, Covid forced people to shop online. Many people bought a lot of stuff during Covid with the help of those stimulus checks. Now that the stimmies are gone and people don’t need to buy a new bed or couch, etc., they have less reason to return to department stores. Of course, Amazon’s prices aren’t the bargains they once were, and Amazon doesn’t put up beautiful Christmas displays as department stores once did.
Well Amazon's prices were never really a bargain to begin with in fact I can remember an article that came out in May of 2016 that actually featured Jeff bezos and the reporter bunch did an investigation and found that most items that you would find at either their direct competitors say Walmart Target or even in some small shops I mean literally they're always within a few cents to a few dollars of each other they're not really the deep discounters that everybody thinks they are.
it's like for decades I've heard a lot of small business owners bitch pissing moan about Walmart.
but the funny thing is is gee when I opened my small business I was right at or a lot of the times below Walmart's cost on the very products that I offered it by the way they sold too and that was fishing gear.
of course the percentages never really changed on the amount of people that actually shopped online online retail only makes up 8 to 10% of all retail sales at any given time.
and besides during the runner bullshit it was largely old and pissed off people that were snickering about people shopping online well certain factions of the media picked that up and ran with it because bitching about young people and bitching about the internet apparently gets them viewers so that's why they bitched about it it wasn't really half the increase that everybody made it out to be.
The same thing is happening in Japan, but most Japanese don't know it's a world-wide (below).
cons-
piracy
UA-cam bIocks my comment if I spell it out.
Foot Locker only exists to be looted nowadays.
sad but true
Footlocker is the place where the young urbans have flash freek off parties and leave with a handful of miss sized shoes and tshirts! Heeeeeyyyyyyyyyyy!!!!!!
Prices at Macy's are too damn high!
Macys has gone downhill, their clothes r cheap, now they charge u for their paper bags, buying online is a nightmare & u can’t track ur package bc they r using independent carriers. Which can take 2 weeks to get if they deliver it to the right address & isn’t damaged or a returned item.
After New Years stores closing.
I'm surpised Macy's lasted this long. They have been hanging by a thread for years.
People are not strapped for cash. Americans are now shopping at Amazon. No crowds. No driving.
I think people are just starting to see that you can get deals. I try to avoid retail as much as possible for my purchases.
Why would you buy a new year car? That guy apparently hasn't seen keeping up to date on all the issues getting car parts. Same thing has been happening with appliance repair parts. The supply chain is really messed up right now so you may or may not be able to get parts in general. The newer it is the more expensive and sometimes harder to get.
you do what the mainstream media fails to do. you tell it like it is.
One thing I’ve noticed is that malls are simply becoming places for people to hang out and buy fast food. I was in a Belk in north FL and even though there were 70% off sales, shelves looked fully stocked.
This is just the beginning. These companies aren’t offering customers any value beyond a “sale”. This is the collapse of “corporations” and their “market models” have come to an end and have expired.
Spending frivolously in a down economy is beyond ignorant.
Who benefits from people in fear? Who benefits from panic buying? We are being manipulated.
One person that benefits is this guy and his channel, it’s all he does promoting fear for views, benefits right into his bank account.
Not preppers, they have always cared to keep their family's needs met.
And yet a large percentage of people have maxed out all their credit cards.
We have some tough YEARS ahead folks.
Agree but that is just one thing. The Govt is maxed out, buisnesses are way maxed out (unless you are one of the mag 7). I think we get stagflation like the world has never seen and that drives us right into the worst deflationary depression the world has ever seen.
@bpb5541 I agree, I think the Depression we are already in,, is going to make the Great Depression look like a recession.
It’s because everyone is using Amazon
Yes. Foot traffic may be down but online sales are huge.
@@TheSuperdodgylol wrong,
online retail sales only make I pay to 10% of all retail sales at any given time meaning 90 plus percent of all retail sales still actually happen in the brick and mortar environment The reason for the downturn is simply because there's an income deficiency across the population The store closer situation is well you know the customers can't afford to pay the company's bills anymore because they're broke and the companies have made a series of shit decisions mostly taking on mass amounts of debt.
you can't blame the internet simply because these companies have been the internet they are in fact the internet of the past 28 years they've all had a website with the capability of shipping directly to you or you would pick it up in the store it's the same as it is today nothing has changed you can't pretend that it's brand new even though everybody's been pointing and clicking away blowing that credit card money for the better half of 30 years sorry Charlie it doesn't work that way.
blaming the internet is a shit excuse given to you by bad management and of course shit politicians that's simply trying to cover up for the fact that it is an income deficiency across the population.
nope you don't get to blame the internet that's not the problem see my other comment to the other person here.
@@government_costumes-ui5lx Did I say online was bigger than retail? Dude please get smarter.
@TheSuperdodgy it's not a matter of it being larger you need to get smarter because basically what you're saying is is simply the online retail is sucking up all of the customers and I was telling you that no they're not.
so step one is to learn to read step two is to then comprehend what you read!
The US has now turned into "A Tale of Two Cities."
"It was the best of times, it was the worst of times...."
So true
Best years are behind us for most of us.
It was the best of times (for the top 5%), it was the worst of times (for the bottom 95%). Fun!
You do realize that that comment was lost on about 90% of the populace. People don't read anymore... all this tech is making us less intelligent, not more. But I hear you... it was great while it lasted. Next is going to be scary.
I shop Costco and I live on SSDI for myself and wife. Also my pension. So I’m not wealthy. Don’t forget Sam’s and BJ’S.
The middle class no longer exits , I mean if you’re not making 125k at minimum or 250k as a couple your not middle class adjusted for prices from 40 years ago .
Holiday magic: Millions of people are spending money they don't have, on things not needed, charging everything....then singing the blues when the bills come in.
Here in Chile people are like that, materialism and greed is extreme. You can't even walkthough the Mall because is full of people. But when vacations end they cry they are on debt.
Here in Australia.
I am debt free, I have a modest inheritance in the bank that is attracting very good interest rates.
Why would i spend it and lose all that lovely interest ?
I am avoiding all major purchases (eg home improvement ) until interest rates drop.
As for consumer goods, i never buy luxury foods or overpriced 'branded' goods.
I just don't shop at all really.
I have T-shirts that are 30 years old ! FFS
They are rags ,but you know....slumming around the house who gives a damn? Right?
I would have had an inheritance but my Mom had alzhimers for 10 years. You are lucky.
I actually did a lot of my Christmas shopping at Macy's this year. I got my grandson a jacket for 20$, the same brand at Wal-Mart was 35$
When Macy's drops prices lower than Wal-Mart.. You know something up.
One of Macy's problems is their designer clothes are way too expensive and rarely discounted.
Also, nobody seems to remember that there just isn't the demand for expensive designer clothing. 20 years ago, the Baby Boomer women were age 45-50 and they all had to wear "nice" business casual to work. They were all wearing Macy's and Penny's. Now all those women are retired, and the young Millenials and GenZ work in ulta-casual office, if not working at home. Nobody needs to dress up anymore.
@fazdoll Yes indeed. You just described me and my closet.
I heard these stores in NYC must be short on staff because people are helping themselves 😢
yep, lol
For some reason I always chuckle when I remember that Foot Locker was once known as Woolworth.
Merrell's last 3yrs.
Last month I spent $9700 for a new HVAC unit because it will cost 10%-20% more in 2025 putting the purchase well over $10K.
HVAC will be expensive in 2025 because of the phase-in of new refrigerant. I could use some new AC, but I may decide to get by with ceiling fans this summer and buy AC in 2026 after the kinks of these new systems get worked out.
I don't buy anything unnecessary. I ask myself, do I need it or want it? If I want it I don't buy it. I buy food and necessary products used on the daily. I'm glad I stocked up on necessary items previous years because I saw the writing on the walls. I prepped for times like these. Better to have and not need it than need it and not have it. Now all those item's I stocked up years ago are insanely high in price. That's what preppers do. Item's you stock up on should have value. If it doesn't you don't need it. Some preppers get out of hand with stocking up, others have a more practical sense in all things preparedness these are the smart ones. You have to assess the writing on the wall and look at where we are now. We're not in a good place economically and financially therefore we prepare moreso than ever. But not like a maniac panic buying hoarder. And there's a ton of those shoppers out there like we've already seen in 2020.
They send emails all day which is annoying and the price are very high still as they were before. They don’t have a Christmas sale actually.
We tried to shop at Macy for black Friday. It was so crowded that he had to turn around and leave. We need a new pot and pan set. As of today, we haven't gone back yet. We are waiting for the end of the holiday madness
Macy's is doing well then.
@pensacola321 That is just 1 store in the wealthiest part of Richmond. Located inside the town of Sbort Pump.
That’s a nice thing to need. I would buy a quality set online.
Macy's charged me $25 and closed my credit account that I had for 10 years because they didn't send me a statement for a coke I bought at TJ Maxx. Macy's used to be a good store, and it is if you buy the more expensive merchandise.
My shopping center is packed! Very busy, Nordstrom, Macy's, lord and tailor, Brooks brothers are just a few anchor stores, also has a outdoor walk around, dog walk restaurants like capital grill and wildfire. It's very nice and gets lots of foot traffic. It is definitely in a upscale neighborhood.
😂😂Lord & Taylor went out of business 2 or 3 yrs. ago and Brooks Brothers is not an anchor store. Are you talking about Oak Brook Center in Oak Brook Illinois?
They call the area around me the "Northshore" suburbs just north of Chicago. Prices are up and I do believe it's a bad economy, but I drive past nothing but upscale shopping and right next to it is about a mile of every car dealerships you can imagine. Audi takes up a whole corner 😂
U look fabulous with or within the sunglasses! Ty for keeping us informed!
People have figured out that paying retail is stupid.
Kohls is losing customers
When I grew up, almost everyone could afford shoes. We had stores like Leeds, Tom McCann, Gallenkamps, buster brown. Even by 70s and 80s standards, the shoes were not expensive. You could get expensive shoes from expensive department stores or expensive shoe stores, but there were a lot of average every day working in class shoe stores.
These shoe stores I mentioned were better quality than Payless shoes yet they were not out of the price range of most Americans.
Now shoes are ridiculously expensive. Not everyone wants to wear athletic shoes. Unless you pay hundreds of dollars, shoes for every day use such as in an office are so cheaply made they will mess up your feet or fall apart.
We were so poor back in the 50's that I had Busted Brown Shoes😢
What I see around me is young people spending $200-500 on a pair of runners. Along with that an outfit from LuLu Lemon or Aloo yoga, each piece costs $150+. If you want to get ahead in life, and build a family you need to realize that having these items will cost you, and putting them on credit is no solution. Shop less and buy more basic and durable items. I choose to buy footwear that lasts, from a local business, but usually under $200.
@mildredpierce4506-It was Thom McCann, I think, and Leeds was Baker's in the East (women only). But there was also Schiff Shoes and Kinney Shoes was popular also. Chicago had Maling's (women), Burt's and Berland's as well as O'Connor & Goldberg, Chandler's and The Wild Pair. Anyway, point is they were all stylish, affordable and of decent quality. These all have one counterpart today I can think of: Aldo, and their shoes are $125-$180. So consider same quality and you do rest of the math!😮😮😮
Doll, We've been prepping for Y2K, for over 26 years. Our closets, cupboards, panties, freezers are full. We got toilet paper, water filtering systems and cute sun ovens. My barns are full of laying chickens and roosters waiting to die. Sorry about the sweet young disrespectful punks that has been looking down on these poor as dirt old folks hunkering down and living poor. I paid cash for my car when my old one finally died. But it's always been ruff, joining the Army for a college education, digging in the couch cushions for my kid's lunch milk money. Sorry, not sorry. Rooster Soup with made by children noodles for our holiday dinner this year. No need to visit stores.
I love it!
Brick and mortar stores have been going out of business. Everything is online
Yea this isn't some sort of "people don't have money" or economic thing. It's just the world changing. I work at target and we have a department for people who fill orders for online shopper's. And they have been busier then ever. Meanwhile the the store has almost no people in it. I think this "the economy is in trouble" is a bunch of bs
Threat of tariffs may just be postering as to when Orange man gets into office. He's not stupid. See what happens before panicking.
Agree...its only a threat to bring certain countrys, that are cheating the system, in line..
Nike’s prices are nucking futs!
We're just tired of buying overpriced crap.. who even wants to visit a mall? No time for silly and unneeded chores when modern evolving shopping frees up time for more important things
NIKE should have stayed out of politics. I tossed mine in the trash.
Bought a pair of black NIKE sneakers back in the 90's - after wearing them during a rain shower my socks turned black! Turned my back on the brand there and then 😞
Same here... I'm a runner and haven't bought a single nike product in over a decade! Nike = Trash! Brooks, Mizuno and Asics baby!!
Noticed BestBuy still had piles of "doorbuster" tvs on the floor.
No glasses today? Mike has been kidknapoed by an impostor!!!
No tank top. I thought it felt as if Earth's poles had reversed.
Never look em in the eyes. You were warned.
There’s a trend that’s been emerging for decades. Retail is splitting off into either higher end or lower end stores. The retailers at risk are the ones that serve the middle market.
Oh no, we won't be able to overpay for shoes anymore, and even worse, we won't be able to use a 10% off coupon where everything is excluded.
I was doing Macy’s style surveys when they would email them to me. The stuff they were coming up with was just horrible and I stopped short of calling it ugly. Macy’s has lost their way. Sure some people would shop those styles and think they were great but the majority of people were not going to wear the stuff they were proposing in the survey.
I doubt it…..ppl r ppl and we as humans keep repeating the same behavior!!! Buyers beware! Keep your CC’s at home!
As far as shoes go I have a pair of Tony Lama boots 25 years old and I have resoled them once and they still look good albiet not in style with the new boots. These boots cost me 200 dollars 25 years ago, which was a lot of money then. If you need shoes look at quality first even if you have to save for awhile , they will last much longer than cheap
I work in retail and traffic is down double digits … they complain the traffic conversions don’t meet there expectations but in the same breath they give us payroll to run the reg and pick online orders …. Nobody to help anyone on the sales floor
I went to Macy's this weekend. It was a horrible mess; I have been in nicer Walmarts. Kinda sad that it was once a nice, well-kept store.
Love YOUR SHOW SO INTERESTING THANKS CANADA 🇨🇦 I APPRECIATE YOUR VERY HARD WORK PEACE ✌️.
Online shopping is replacing brick and mortar stores.
lol WRONG!
online retail only makes up 8 to 10% of all retail sales at any given time meaning 90 plus percent of all retail sales still actually happen in the brick and mortar environment The reason for the downturn is simply an income deficiency across the population the closure problem is simply because most of these retailers have run themselves into a ditch with debt that their customers can no longer pay for them.
The other reason why blaming the internet is completely stupid is simply because to blame the internet is the retailers blaming themselves given that they all have been the internet for the past 27 years at least some were there on the internet prior to that and yeah for that time they have had the capability of selling directly to you and they would either ship it to you or you could pick it up in the store nothing really changed in fact most retailers of the older variety such as pennies at one point Sears before they bit the dust basically what they did is they took their catalog and moved it online that's really all online is is just the fucking catalog.
so blaming the internet is an excuse brought to you by bad Management and shit politicians that's trying to cover up the fact that there is a income deficiency across the population.
For the past five years Foot Locker and Macy's have been in trouble because...Amazon
Macys where i live are dirty and staff no better. If you can find staff. I prefer in-store shopping to look at quality construction, colors, and fabric. Stopped going to Macys because it went way downhill
Whoa scared me with no glasses 🤓😂
If you know your shoesize, pants size, or shirt size by particular brand.....no need to go to a store, just order them on line.
Thrift stores also are a boon in the clothing business right now. There is a huge huge surplus of clothes on the open market possibly massive as they have to dump clothes in the desert in South America.
Maybe young people with healthy feet can do that. But people 50+ or those who work standing up really need comfortable shoes, and it's worth trying on different pairs in a store to see what works. Many people also have non-symmetrical feet, and need to experiment to find an adequate fit. As for me I'm a size 12 and a half, most shoe brands stop the half-size at 12 and go right to 13. I often have to decide between "snug 12, but it'll stretch enough" or "loose 13, but I can live with it".
Wife and I go through shoes and I don't recall ever buying footlocker. We both work in a hospital setting, her patient care me building maintenance. We buy through either browns shoe fit company or scrub hub. Shoes we get are quality but we wear them out because we are on our feet hustling around all day at work.
Macy's merged away good local stores and stripped them of good quality merch and service.
The stores are unkempt, poorly staffed and stopped carrying swaths of certain lines years ago.
They abandoned entire markets, closed flagship locations to sell the real estate and sold off their credit card...while jacking interest rates to 30%!
I miss the store they were, but killing off Marshall Field's, Burdine's, Filene's, Kaufmann's and others was a colossally stupid idea.
I see hoards of people shopping at the malls. Holiday shopping is projected to be the highest ever (over $1 trillion) for this season
I also see this years shopping being big! Maybe even record breaking! People really don't have the money, but are excited about the new president, and his administration coming, in, and think things will be looking up!!!
This will pull demand forward if people buy in fear of prices going up, the demand will collapse as people already bought what the need, any we will have deflation the opposite of what people think
Footlocker closed down here a few years ago. The only place you can buy athletic shoes locally now is a sporting goods store if you need football cleats or such - I haven't needed those for decades. But if you want a pair of running shoes there's only one store. It's a great store but they only have high end shoes for serious athletes. I don't really need a $300 pair of running shoes to knock about the house and their shoes only go up from there in price. How in the world do people buy shoes online when sizes vary so much between brands and models, and even if they fit they may not feel right. Just keep returning them until you get a pair that's right I suppose.
Unfortunately I deal with what you’re saying. I’ve gotten to the point where I find a pair I like. Then I buy two more of the same.
@@stevenpage8847 I'm going to have to do that as well. There's a larger city that's a few hour drive away from us and we get there once or twice a year. We'll have to add shoe shopping to the list of things to do. Inconceivable ;)
@ I buy off 6pm. It’s online and they’ll ship. I’ve been buying saucony running shoes. They’re $30-40. They’ll last a couple years. I stand all day at work. They’re foam bottom and lightweight. Just an idea for ya. God bless.
Macys will be fine. They are closing 65 underperforming stores across the country in 2025 which is called getting rid of the Dead Weight.
macys biggest value is their real estate...if they sold their flagship store in manhattan..they would make a fortune
A prada perfume at Macy's is $150, and exactly the same perfume at online retailers is $55.99. Macy's needs to go bankrupt. Sorry.
Likely either stolen merchandise or it is a fake. $150 sounds about right. Hopefully you get one that is legit
Macy's carries designer brands just like other stores but will not lower their prices by couple of bucks even though they are going under. Nike ghetto designed shoes dont sell anymore and are way overpriced.
The company I work for is one of the largest companies in the world. We did not have our usual thanksgiving turkeys this year and instead that money went to fund the Christmas party. Had to sacrifice this year. Things are getting so bad. Next year we will probably have nothing. Did I mention this is one of the biggest companies in the world?
So sorry to hear this
If preppers are stocking up now its too late for them.
We need this re-balance of the system
In Brevard County Florida, Every Mom and Pop deli has closed as just reported in Florida Today newspaper. Sports bars are mostly empty. They serve cheaper food to save money. Quality? No more.
The Macys on Merritt Island is doing TERRIFIC! My wife works in Fragrances and Cosmetics and people are spending big time. :)
Been following you for a few months now, this is the first time I've seen you without sunglasses. Threw me off, lol.
Ignorance reigns throughout the US economy. Most people DO NOT know how to shop nor compare prices on most things. EXAMPLE: ago to any Denny's restaurant and on the menu you have a value slam for around $7. Go to another menu page and the original grand slam is over $15. You are paying $8 extra for 2 sausage links/ or bacon strips , but people are too lazy or ignorant to realize they are paying $4 EACH for a bacon strip/or sausage link. Each plate also comes with 2 eggs and 2 pancakes . Stupidity reigns.
i went by a McD's today that had closed down the dining area and only had the drive thru open. makes sense you need fewer people to run the drive through. anyone else seeing this?
I bought a sactional that is made from one of the Asian countries. It was 35% off with 30 month, 0% financing. I feared if I bought it next year, I would probably pay more with no discounts or 0% financing. I also bought other smaller home goods on substantial off sales. I need a new roof, but couldn't save in time. Hopefully, tariffs won't affect this type of products.
If it’s not product I use almost daily, ie food, grooming products, supplements, I rarely buy it. It’s December and I’ve bought less than $500 worth of clothes/shoes all year. My YMCA membership, which I use daily, costed more. Highest priced purchase was a bullpup shotgun I bought myself for my birthday.