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Showing posts with label KMart. Show all posts
Showing posts with label KMart. Show all posts

Monday, February 13, 2017

More Stores Jump On The "Hate Ivanka" Train



Two more stores drop Ivanka Trump merchandise

 



Two more stores drop Ivanka Trump merchandise
Ivanka Trump, daughter of President-elect Donald Trump, looks out of an elevator as she arrives as at Trump Tower, Monday, Nov. 21, 2016 in New York. AP Photo/Carolyn Kaster)




Only days after retailers Nordstrom and Neiman Marcus both announced the decision to drop Ivanka Trump merchandise collections, two more retailers will follow suit.
The parent company of Sears and Kmart, Sears Holdings, announced Saturday that they have removed dozens of items from the Trump Home collection from their online offerings for both stores. The Trump Home collection includes bedding, furniture, chandeliers, mirrors and lighting fixtures.
Spokesman Brian Hanover said in a statement that they removed 31 items from their collection due to poor profits from those items, echoing the sentiment of both Nordstrom and Neiman Marcus earlier in the week.
“As part of the company’s initiative to optimize its online product assortment, we constantly refine that assortment to focus on our most profitable items,” Hanover stated. “Amid that streamlining effort, 31 Trump Home items were among the items removed online this week. Products from the line are still offered online via third-party Marketplace vendors. Neither Sears nor Kmart carries the line in brick-and-mortar stores.”
The removal of Trump merchandise by American retailers follows the inception of the “Grab Your Wallet” campaign, a grassroots effort aimed at protesting President Donald Trump. The boycott encourages people to avoid retailers who carry Trump merchandise, including both Donald Trump and Ivanka Trump collections.
All the retailers have cited poor performance as the driving factor in removing the merchandise. According to Fox Business, Nordstrom’s sales of Ivanka Trump merchandise fell by almost one-third the past fiscal year, with substantial drops in sales in the weeks leading up to the 2016 presidential election.

Saturday, December 20, 2014

Stores Leaving Ferguson Due To Riots. The Rioters Hurt The Very People Who Serve Their Needs. In A Word, The Rioters Were Idiots! It Did Major Damage And Did Not Improve On Anything.

Major Retail Chain Decides to Shut Down in Ferguson… Wonder Why?

Friday, December 19th, 2014
Back in August, following the shooting of 18-year-old black man Michael Brown by white officer Darren Wilson, the town of Ferguson, Mo., exploded in racially motivated anti-police protests and riots, which ultimately saw a number of small businesses looted and burned to the ground, except for the ones that had armed business owners protecting their own stores.
The protests continued to simmer and carried on over the next few months, until the St. Louis County grand jury announced that they would not indict Wilson, which led to a renewed round of rioting, looting, and arson, leaving several more businesses as smoldering piles of rubble.
Although the rioting and looting has mostly disappeared, having moved on to other cities as part of a broader protest movement, the city of Ferguson is still hurting, especially economically.
According to local St. Louis station KMOV, that economic hurt will continue for the foreseeable future, as a second major retail chain store has decided to close the doors to their Ferguson location.
Big Lots has joined Kmart in choosing to close down their Ferguson-area stores. They claim that the decision has nothing to do with the recent unrest, but small business owners in the area see things differently.
The owner of a nail salon in the same strip as the Big Lots store says that business is down 50% since the unrest began, and plans to leave once their lease is up.
They pointed out that the hair salon next door had already shut down due to business being off so much.
“I worked at Salon Selective and I lost my job. She closed up after the riots. Her clients did not want to come over here anymore because of all the things going on,” Carolyn Tidwell told KMOV.
Residents in Ferguson are getting worried as they see so many stores closing down, even after the riots and unrest have stopped.
Although the Walmart and Sam’s Club stores weren’t looted during the riots, and say they have no plans to close, they have admitted that they have seen changes in their business and operations since the unrest began.
As if the riots, looting, and arson in and of themselves didn’t do enough damage, now they are costing people jobs and costing the city tax revenue.
Sadly, this is what happens when race baiters, socialists and anarchists get together to agitate and instigate mobs of people into riotous unrest.  When mobs are allowed to riot, loot, and burn businesses, people shouldn’t be surprised when other businesses decide to leave, instead of waiting to see if they get hit by the next round of violence.

Thursday, May 29, 2014

Every Day Stores Closing And Housing Market Cratering--Is This Indicative Of An Upcoming Economic Crater?

From SurvivalJoe.net

Survival Joe | Economics • Predictions
Print

Economic Collapse 2.0 Has Started and These Facts Prove It

Housing-CollapseAre we about to enter yet another economic collapse? All of the facts currently say yes.
To get a clearer picture of what the facts are saying, let’s focus on two major indicators of economic health: retail and housing.
Contrary to what mainstream media spin would have you believe, home sales numbers have cratered from the beginning of this year. And they’ve not rebounded. It’s not just a winter sales slump.
What’s more, the recent housing boom was driven by foreigners and Wall Street. Elite banksters are flush with cash from the economic improvers over at the Federal Reserve who are practically handing them money.
And because nobody can get a return on traditional bonds (who wants to clip coupons and eat dog food while earning a paltry 1.25% interest?), Wall Street has been gobbling up houses as rental investment properties.
In fact, it’s estimated that over half of all housing sales went to “hot money” buyers. And now that home prices have soared, the hot money has pulled back and stopped buying.
But they’re desperate to keep the party going. Even sub-prime lender Ditech has risen from the grave to pump out mortgages for people who can’t afford to buy.
Retail sales have sunk into the toilet. Almighty Walmart has stores stuffed with leftover CHRISTMAS inventory.
Retail titans like Sears, Target, and KMart have shuttered stores. One chain folding stores can be chalked up to bad management… three is a disturbing trend.
And more vacant stores and ghost town malls are probably on the way.
Just now, pet supply chain store PetSmart missed earnings. After the announcement, the stock tanked 8.3% in one day.
Even Family Dollar stores are having it tough with slow-moving inventory.
And these are not high-falutin’ businesses catering to snobby rich people.
These stores are for everyday essential items… bread and butter shopping for millions and millions of people.
When companies like these are desperate to slash employees and close stores, it proves that everyday folks just don’t have any money. The next economic collapse can’t be far behind.