IS IT TRUE that the malaise of brick and mortar retail has gone to extreme levels in the past week?…the last K Mart in Owensboro was on the casualty list of the latest hit list of the Sears organization?…this is the second round of closings for the two legacy brands that helped define the shopping habits of Americans for 50 years in 2017?…anyone who thinks the brick and mortar retail carnage is over is kidding themselves as the online craze is really just getting started?
IS IT TRUE the large legacy New York City chain Macy’s is now selling on the stock market for less than one third of the appraised value of their free and clear real estate?…one would think that Macy’s stock would be a no brainer given that statistic?…the trouble with real estate is that banks will,loan against it and that is the biggest concern with buying Macy’s stock?…the management of Macy’s may not get it yet and could leverage the real estate with debt to hold on to a dying business?…if they mortgage their real estate to prop up brick and mortar retail they will squander the last vestige of value that the Macy’s brand has to offer?
IS IT TRUE that the former consumer electronics giant HH Gregg that operated a retail store on Evansville’s east side after Circuit City went under just announced they have sold all of their intellectual property?…that includes the name HH Gregg, all patents, brands, trademarks, slogans, advertising materials, and banners?…the total sale price was reported to be only $400,000 for everything of value that remains of a once mighty brand?…that is less than a medium sized family home in Lake Ridge Crossing in Newburgh and a fraction of some private homes in McCutcheonville?
IS IT TRUE the 20 most popular stores in America are: 20) Best Buy, 19) Rite Aid, 18) Dollar General, 17) United States Postal Service, 16) Dunkin Donuts, 15) 7 Eleven, 14) Lowe’s, 13) Wendy’s, 12) Shell Gas Stations, 11) The Home Depot, 10) Burger King, 9) Taco Bell, 8) Dollar Tree, 7) CVS PHARMACY, 6) Target, 5) Walgreens Pharmacy, 4) Starbucks Coffee, 3)Subway, 2) McDonalds and number one (1) Walmart?
IS IT TRUE the 5 restaurant chains that are taking over America are: 5) Click-Fil-A. 4) Wingstop. 3) Marco Pizza, 2) Jersey Mike’s Subs and number one (1) is Raising Cane’s chicken fingers?
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I dispute nothing that you have editorialized. What you have posted is the de-socializing of a young America that can’t operate nor communicate without the use of an electronic devise held in their hand in front of their face. They have not found the concept of human interaction without a protective barrier between each other, such as a face book account using an I-phone or similar device.
While I do use the internet to purchase items I can’t find elsewhere, saving $3 by purchasing something thru Amazon instead of at the local store does nothing to make my life better. I marvel, although sadly, at my grandchildren’s seeming inability to function without their electronic devices when they are awake. The only brick and mortar stores left will be where they can sit and sip while ignoring the other beings around them also reading their face book accounts.
Yep, this about covers it:
https://youtu.be/FUwE_Qg1bqg
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