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walmart literally had to disclose to stockholders that cuts to welfare were going to be material to their income
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Aug 13, 2018 20:42
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Notorious b.s.d. posted:wal-mart has never been healthy again since the '08 crisis if recruiter traffic is any indication they're dumping tons of money into their web store which I believe has like 0.5% market share in the us e: 3.7% market share
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Aug 13, 2018 20:57
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when walmart started talking about putting drone bases in the parking lot you could tell they were desperate
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Aug 13, 2018 20:59
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qirex posted:if recruiter traffic is any indication they're dumping tons of money into their web store which I believe has like 0.5% market share in the us also if tv commercials are any indication
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Aug 13, 2018 21:00
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it's still weird to me how traditional national retailers got caught so flat footed since they already had massive logistics systems for distribution but then I remember how they were all afraid selling online would hurt their physical locations so they just ended up letting amazon hurt their physical locations instead
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Aug 13, 2018 21:04
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remember when walmart tried to pay some of its customers to deliver online purchases to other customers
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Aug 13, 2018 21:06
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qirex posted:it's still weird to me how traditional national retailers got caught so flat footed since they already had massive logistics systems for distribution but then I remember how they were all afraid selling online would hurt their physical locations so they just ended up letting amazon hurt their physical locations instead the whole sears catalog amazon thing is a perfect example of their myopia
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Aug 13, 2018 21:08
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remember when they tried to get their employees to make charity donations to their other employees
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Aug 13, 2018 21:09
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Trabisnikof posted:the whole sears catalog amazon thing is a perfect example of their myopia yeah they could have had an intern write a cgi gateway to their catalog ordering system and been like a decade ahead of amazon iirc you could "shop" at sears [like 10 items] on compuserve or aol in like 1995
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Aug 13, 2018 21:21
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remember when Walmart bought Jet for $3b?
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Aug 13, 2018 21:22
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qirex posted:yeah they could have had an intern write a cgi gateway to their catalog ordering system and been like a decade ahead of amazon more than a decade ahead sears was dominant in several fields, not just books. and they were one of the world's largest credit card companies.
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Aug 13, 2018 21:24
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qirex posted:yeah they could have had an intern write a cgi gateway to their catalog ordering system and been like a decade ahead of amazon
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Aug 13, 2018 21:26
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qirex posted:it's still weird to me how traditional national retailers got caught so flat footed since they already had massive logistics systems for distribution but then I remember how they were all afraid selling online would hurt their physical locations so they just ended up letting amazon hurt their physical locations instead i don't think anyone got caught flat-footed except the bookstores, who could not compete on price it's more that all low-end retail is drying up and blowing away, because the working class has been broke as gently caress for ten years it's not just sears hurting
everything associated with the american "middle class" (read: working class families) has been smarting no amount of "online" anything will rescue a retailer from a lack of customers with money in their pockets amazon isn't competing with wal-mart to get SNAP and EBT dollars -- conversely, the old retailers who sell to customers in the upper quintile are mostly doing ok, if not particularly well. amazon isn't destroying them
their customers have money in their pockets. they have to compete with amazon, and they can do that.
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Aug 13, 2018 21:27
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ten years from now there will be nothing in between the dollar store / rainbow, and bloomie's / barney's. the middle is hollow
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Aug 13, 2018 21:31
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famous "useless junk for rich idiots" store gump's is probably going to file for bankruptcy
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Aug 13, 2018 21:33
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https://twitter.com/markbspiegel/status/1029055527882551297 https://twitter.com/sadhoeflo/status/1028869317213880320 JawnV6 fucked around with this message at 21:48 on Aug 13, 2018 |
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Aug 13, 2018 21:46
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Jonny 290 posted:remember when walmart tried to pay some of its customers to deliver online purchases to other customers remember when all those terminally white posh idiots were outraged, outraged when they ordered a thing from amazon only to have a drop-shipped wal-mart box show up, i mean what would the neighbors think!!!
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Aug 13, 2018 21:47
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JawnV6 posted:igloo australia spilling all the secrets lol are you confusing iggy azealia and azealia banks
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Aug 13, 2018 21:49
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Sagebrush posted:They do that for Walmart, where like yeah you buy a pair of Levi's 501 jeans at Walmart they're going to be thinner and have shittier stitching than Levi's 501s you buy at the Levi's store. these aren't 501s, they're 50...2s 
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Aug 13, 2018 21:51
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Notorious b.s.d. posted:i don't think anyone got caught flat-footed except the bookstores, who could not compete on price the company i work for makes and sells poo poo to stores and this is pretty much it, nicer department stores are going all-in on ridiculous projects to give each sales associate an ipad so they can
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Aug 13, 2018 21:51
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Notorious b.s.d. posted:i don't think anyone got caught flat-footed except the bookstores, who could not compete on price i don't know if it's universal but the property bubble is murdering small/independent retail in british cities too. commercial rents are rising almost as quickly as residential ones (despite there being literally no shortage of space) and because commercial rates (local business taxes) aren't capped in the way council tax (local residential tax) are, cash-strapped local authorities are squeezing every last penny out of them. it's particularly marked with pubs, who have multiple pressures on them. their market is shrinking with the death of community - people are grabbing booze and rushing home with it rather than going out. supermarkets being able to considerably undercut them doesn't help that either. at the same time their rents and rates are rising, arrivistes are getting any kind of activity other than sitting quietly in the dark banned, and many of the good ones are in buildings easily converted to housing and owned by predatory companies who set their rents and licensing fees at a level high enough to "compensate" them for not just turning them into flats. twenty years ago the bit of london i live in had over fifty pubs serving a population of around 70,000. Now it has 7 serving 100,000 people, and those ones are hanging on by their fingernails. e: ironically it's the higher-price retailers that are going out of business in the uk - although that's maybe because they tend to have the largest and most expensive retail spaces so are more vulnerable to the cheaper ones which tend to be in smaller, more out-of-the-way places.
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Aug 13, 2018 22:34
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JawnV6 posted:
holy poo poo they were legit trying for a threesome
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Aug 13, 2018 23:37
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FMguru posted:the article is about how theyre moving out from burned over ghettos and into small towns and outer ring suburbs, So they moved from burned over ghettos to burned over ghettos, only this time without the hope of becoming a hipster hotspot that becomes viable again
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Aug 13, 2018 23:43
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eschaton posted:holy poo poo they were legit trying for a threesome <musk accent> Checklate and vanilla swaaarl!
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Aug 13, 2018 23:46
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Jonny 290 posted:<musk accent> Checklate and vanilla swaaarl! 
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Aug 13, 2018 23:50
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goddamnedtwisto posted:i don't know if it's universal but the property bubble is murdering small/independent retail in british cities too. commercial rents are rising almost as quickly as residential ones (despite there being literally no shortage of space) and because commercial rates (local business taxes) aren't capped in the way council tax (local residential tax) are, cash-strapped local authorities are squeezing every last penny out of them. no kind of property rental is capped reliably anywhere in the united states, so everyone gets squeezed when a bubble happens there are mass property transfers and semi-abandoned property everywhere. this is worse for commercial property, because commercial leases are ordinarily long-term. a landlord will take a (perceived) hit on a 1 year lease for residential property, but nobody wants to sign a down-contract for 5 or 15 or 25 years the most expensive retail districts in the united states, manhattan soho and manhattan's 5th avenue, are riding around 50% empty walking through soho it feels as if there are more empty units than full -- it's possible vacancies are under-estimated goddamnedtwisto posted:e: ironically it's the higher-price retailers that are going out of business in the uk - although that's maybe because they tend to have the largest and most expensive retail spaces so are more vulnerable to the cheaper ones which tend to be in smaller, more out-of-the-way places. the u.k.'s retail market is healthier than the u.s. -- there's like 1/10th as much retail square footage per capita and income inequality is much lower -- low-end stores still have a market
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Aug 13, 2018 23:50
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Trabisnikof posted:the whole sears catalog amazon thing is a perfect example of their myopia What, the way sears had a perfectly well working online store since the time Amazon just sold books and cds? There was some minor gap between the ending of the last private online service catalog from Sears and web sears ordering coming up for service, but that's rather irrelevant. Because the sears online ordering was ready to go when Amazon still just sold media that was cheap to ship and certainly wasn't offering power tools and major appliances. Sears is dead because of picking a cartoon libertarian as primary owner and executive, not because of a mythical lack of online presence before Clinton left office.
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Aug 13, 2018 23:50
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Jonny 290 posted:<musk accent> Checklate and vanilla swaaarl! just think of the costume he had in mind
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Aug 13, 2018 23:50
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fishmech posted:Sears is dead because of picking a cartoon libertarian as primary owner and executive, not because of a mythical lack of online presence before Clinton left office. the cartoon libertarian with a cigar, eddie lampert, was a major shareholder and the chairman of the board at kmart he arranged for kmart to purchase the smoking ruins of sears no one at sears chose lampert
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Aug 13, 2018 23:53
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sears was dead for years before being bought out by the craziest man in retail
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Aug 13, 2018 23:53
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Notorious b.s.d. posted:just think of the costume he had in mind if it involved him donning a flaming tire then I’m in.
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Aug 14, 2018 00:06
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Jonny 290 posted:<musk accent> Checklate and vanilla swaaarl! https://twitter.com/wrongcaptions/status/1029139415568764929
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Aug 14, 2018 00:07
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NBSD has this one exactly right. Retail isn't contracting because of Amazon or any other online nonsense. It's contracting because a huge demographic of people it depended on functionally ceased to exist overnight. The idea that brick and mortar can't possibly stand up to the mighty internet retailers is a myth bezos wants you to believe so he can feel good about himself.
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Aug 14, 2018 00:49
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Notorious b.s.d. posted:the most expensive retail districts in the united states, manhattan soho and manhattan's 5th avenue, are riding around 50% empty this sorta poo poo really fucks with my head and makes me wonder what the hell the end game is going to be.
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Aug 14, 2018 00:55
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yeah 3 million retail jobs are gonna disappear over the next 5 years but what about those 20k w virginia coal miners? eh, eh?
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Aug 14, 2018 00:56
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SO DEMANDING posted:this sorta poo poo really fucks with my head and makes me wonder what the hell the end game is going to be. for manhattan it's all going to be underwater in either the financial sense or the physical sense in 20 years anyway.
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Aug 14, 2018 00:56
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SO DEMANDING posted:this sorta poo poo really fucks with my head and makes me wonder what the hell the end game is going to be. eventually there is a real estate crash, and all those landlords holding out for that perfect retail bank tenant will crawl over each other to offer concessions
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Aug 14, 2018 01:04
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SO DEMANDING posted:this sorta poo poo really fucks with my head and makes me wonder what the hell the end game is going to be. serfdom
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Aug 14, 2018 01:07
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Notorious b.s.d. posted:the cartoon libertarian with a cigar, eddie lampert, was a major shareholder and the chairman of the board at kmart sears was not smoking ruins in 2004 lol. it was performing mediocre and up to dumb tricks like "let's halfass doing grocery maybe" but unlike kmart it hadn't gone into bankruptcy then done a bunch of shady financial tricks to pump stock price and look profitable on paper under fast eddy strap zombie kmart onto it and put eddy in charge and it becomes a smoking ruin quite quickly, but it was nowhere near that before jit bull transpile posted:It's contracting because a huge demographic of people it depended on functionally ceased to exist overnight. lol that you believe this unless we suddenly can call 40, 50, 100 years an overnight thing
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Aug 14, 2018 01:19
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fishmech posted:sears was not smoking ruins in 2004 lol. it was performing mediocre and up to dumb tricks like "let's halfass doing grocery maybe" but unlike kmart it hadn't gone into bankruptcy then done a bunch of shady financial tricks to pump stock price and look profitable on paper under fast eddy it was ruined enough to be sold to bottom feeders like lampert
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Aug 14, 2018 01:25
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