JC PENNEY FIRES 2,200 EMPLOYEES – FORGOT ONE
Ron Johnson is the gift that keeps on giving. One of his biggest stockholders – Vornado Realty – sold 10 million shares at a price 50% below when they purchased the shares. That sounds like a vote of...
View ArticleSHOCKING NEWS
Who coulda predicted this development? I hate to tell the new CEO, who was the old CEO, before he was replaced by another CEO, that 33 stores ain’t gonna cut it. He should have added a zero to the 33....
View ArticleTHE RETAIL DEATH RATTLE
“I was part of that strange race of people aptly described as spending their lives doing things they detest, to make money they don’t want, to buy things they don’t need, to impress people they don’t...
View ArticleTHE GREAT RETAIL RECOVERY
Retailers and restaurants always close stores by the thousands when the economy is growing, unemployment is plunging, and incomes are rising. Right? Use your brains people. Stop believing the...
View ArticleRETAIL DEATH RATTLE GROWS LOUDER
The definition of death rattle is a sound often produced by someone who is near death when fluids such as saliva and bronchial secretions accumulate in the throat and upper chest. The person can’t...
View ArticleCHRISTMAS IN OCTOBER – DESPERATE MEASURES
The desperation of retailers grows by the day. I head to Wal-Mart and Giant in Harleysville every Sunday morning at 7:00 am. to do my weekly grocery shopping. I go to Wal-Mart at opening to avoid the...
View ArticleTWO RETAILERS DOWN, WET SEAL & RADIOSHACK CLOSE BEHIND
Delia’s and Deb Shops filed for bankruptcy in December. That’s 438 more vacant storefronts across America. Now Wet Seal will close at least 338 more stores, and likely all 500 when they file for...
View ArticleDEPARTMENT STORE RESULTS IMPLODING
The government issued their monthly retail sales this past week and four of the biggest department store chains in the country announced their quarterly results. The year over year retail sales...
View ArticleMACY’S IMPLODING, CATCHING DOWN TO SEARS & PENNEY’S
About that resilient consumer and the tremendously low unemployment rate of 5%, maybe someone should tell Macy’s why their sales and profits continue to plummet. Their stock is down 13% today to a...
View ArticleHOW MANY MORE RECESSION CONFIRMATIONS DO YOU NEED?
Despite the bogus BLS employment report last week (so the Fed could raise rates before the next financial crisis hits), all economic data confirms an economic recession. Corporate profits are falling,...
View ArticleAND IT BEGINS
Last year it was the polar vortex that caused retail sales to be terrible at Christmas. This year it was too warm. How come it can never be just right? What a load of bullshit. If Macys really believed...
View ArticleDERANGED CENTRAL BANKERS BLOWING UP THE WORLD
It is now self-evident to any sentient being (excludes CNBC shills, Wall Street shyster economists, and Keynesian loving politicians) the mountainous level of unpayable global debt is about to crash...
View ArticleTHE GREAT CORPORATE EARNINGS FRAUD
“What are the odds that people will make smart decisions about money if they don’t need to make smart decisions–if they can get rich making dumb decisions? The incentives on Wall Street were all wrong;...
View ArticleMOTHER OF THE YEAR NOMINEE
At least the kid has a nice stolen jacket and backpack. The kid is clearly a high performer, as Philly “youths” usually don’t know their address until they are 12 or 13 years old. Police issue warrant...
View ArticleMalinvestment In US Malls—-800 Department Stores Or One Fifth Of Capacity Now...
Oh look. The MSM is now writing stories I already wrote four years ago. They are really adding value. By Suzanne Kapner at The Wall Street Journal Department stores need to close hundreds of...
View ArticleMacy’s Massacred After Slashing Outlook On “Uncertain Consumer” As...
Wow!! Who could have possibly seen this coming? Oh Yeah. Me. http://www.theburningplatform.com/2016/01/06/and-it-begins-2/...
View ArticleInitial Jobless Claims Soar Most In 11 Years To 15-Month Highs
The last nail in the MSM narrative of economic recovery. Jobs are always a lagging indicator. The retailer results this week have been disastrous. Kohl’s and Macy’s shit the bed. Consumers aren’t...
View ArticleClik here to view.
Macy’s, Kohl’s Crash After Reporting Abysmal Holiday Sales; Cut Guidance;...
One of my 2017 forecast predictions didn’t take long to be right. Shitty Christmas sales, retail implosion, store closings, and in a couple weeks a Sears bankruptcy announcement. Reality bites. Time to...
View ArticleClik here to view.
WHAT THE HELL IS GOING ON?
“The older I grow, the more I distrust the familiar doctrine that age brings wisdom.” – H.L. Mencken “The older I get the less I listen to what people say and the more I look at what they do.”–...
View Article
