Eastside Get The Money
Veteran
Pet smart and guitar center 
Those two are at the top of their competition that’s a little scary
Those two are at the top of their competition that’s a little scary
Retailers are filing for bankruptcy at a staggering rate — and these 19 companies could be the next
- Thread starter Doobie Doo
- Start date
LiveFromLondon
Superstar
Nice bars breh
HellRell804
Banned
But I'm not just talking about tomorrow, I'm talking about the future. Right now your job is exclusive and well salaried, but in 5 to 10 years, unless your job is some super secret deal, it's gonna be flooded with people who want a better life. Unless you're some type of savant who saves the company much more than what they pay you, your job will be in jeopardy from these younger hungry guys. And because there's so many of them, the corporations are gonna offer less money and someone's going to take it.
Hell you'll probably end up having to train your replacement before you get laid off and have to reenter the labor market at the "new" wages
I got my nose and ears pierced at Claire’s.
Damn that did rhyme
Lord_Chief_Rocka
Superstar
This is why we need Universal Based Income legislation
Guitar Center - I need to look into an amp for my Fender Strat and a new keyboard workstation. If they biting the bullet, clearance sales might be coming.
Retailers are filing for bankruptcy at a staggering rate — and these 19 companies could be the next to default
Hayley Peterson
Mar. 17, 2018, 8:51 AM
52,547
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Retail defaults and liquidations could exceed last year's record levels.
AP
- Retail defaults and liquidations could exceed last year's record levels, according to S&P Global Ratings.
- Sears, J.Crew, and Neiman Marcus are among the companies that could be next to default.
Retail bankruptcies and defaults hit a peak last year, soaring past records set during the recession, and things could get even worse this year, according to the credit-ratings agency S&P Global Ratings.
"We believe defaults in 2018 could match or exceed last year's record level," S&P Global Ratings analyst Robert Shulz wrote in a recent report that identified 20 retailers at risk of defaulting.
The pace of retail liquidations could also pick up this year, he wrote.
"Despite store closures amid the turmoil, the US remains significantly oversaturated with retail stores," he wrote. "Some retailers have made progress towards better aligning their physical footprint to the new reality of physical versus virtual sales, but there is still excess capacity."
Toys R Us will likely become the first retailer to liquidate in 2018. The company filed a motion to liquidate its business on Thursday, meaning it will close or sell its remaining 735 US stores.
Among the bankruptcies so far this year are Bon-Ton Stores, which filed in February, and Bi-Lo, which owns the grocery store chains Winn-Dixie and Tops Friendly Markets.
The girls' jewelry and accessory chain Claire's is reportedly preparing to declare bankruptcy soon as well.
S&P Global Markets has identified the 19 retailers that are most at risk of defaulting next.
Here's the full list.
http://www.businessinsider.com/retail-bankruptcies-expected-this-year-2018-3
- 99 Cents Only Stores LLC
- Bluestem Brands, Inc.
- Everest Holdings, LLC
- FULLBEAUTY Brands Holdings Corp.
- J.Crew Group, Inc.
- New Academy Holding Co. LLC
- PetSmart Inc.
- Steak 'n Shake Inc.
- SSH Holdings
- David's Bridal, Inc.
- Neiman Marcus Group
- Evergreen AcqCo 1 LP
- HT Intermediate Holdings Corp.
- Payless
- BKH
- The Fresh Market
- Guitar Center
- Claire's Stores, Inc.
- Sears Holdings
How is the 99 Cents Only Stores in trouble? My local 1 is always filled with customers.
Brehs, I went into a CVS store last week. It was dead AF in there. I was the only customer in the store. It's makes sense though because everything CVS sells is overpriced compared to Walmart, Target, Aldi, Dollar General, Family Dollar, Dollar Tree, 99 Cents Only stores, Big Lots, & etc.
How are they not on the list too? Are they able to stay afloat strictly because of their Pharmacy?
How are they not on the list too? Are they able to stay afloat strictly because of their Pharmacy?
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Not only did they stomp them out...about to take their abandoned retail footprint and set up more distribution centers...adapt, evolve or become extinct
Amazon Is Considering Buying Some Empty Toys 'R' Us Stores
David_TheMan
Banned
I'm talking about the future, again try to read what I'm typing.
LOL, don't have to be a savant that saves the money one time things. I provide a service in demand, with skills that are relatively hard to credentialize, experience that only a few have and that makes me valuable and it makes it hard for someone off the street to replace me with no lose in productivity. On top of the fact that I continue to develop and refine my skills to kkeep my marketability up.
Sad that you have that get a job and stay there mentality, but hey, thats probably why you think this is so terrible.
Bobby Lashleys eyebrows
Superstar
I fukking hate Macy's. I will never shop there again.Most of these stores is bullshyt on their high ass prices... one store that deserves this bullshyt is macy's The furniture section had a leather loveseat for $2500 WHAT THE fukk?!!?
So you don't care about the crumbling infrastructure of America, the hundreds of millions of people living check to check, or the declining quality of life, but as long as you got Tony Stark level of knowledge and getting paid the equivalent as a Trucker from 1978, everything gotta be OK?
Cut everyone's throat and make America live in poverty is cool as long as you get paid, correct?
HellRell804
Banned
Nah man you talking to somebody who went into business for himself because I couldn't fathom giving someone else 30 years of my life.
But at one time, a person working any job could afford to take care of their family. Then the goals shifted and only certain jobs had that luxury, so people flocked to those jobs. Then one income wasn't enough so both parents had to work. Then the goals shifted again, you had to have a degree to get a job making a decent wage, so people got degrees. Then associates degrees became worthless. So people got bachelor's degrees. Then the goal shifted again. Had to be a bachelor's from the right school. So people went to the right schools, tuitions skyrocketed. Now bachelor's degrees are becoming less effective relative to cost. So now we're back to telling people they've picked the wrong fields to work in. So what happens next?
Let's say you were a computer programmer in the 70s. You did your 30 years made stupid cash and got out. Now what about a programmer who started in 2015. He's making bank now, but with all these initiatives to get women and kids to code he's going to be swamped with competition by 2025. By 2030 he'll probably be replaced because he'll be expecting 2015 money while his replacement is more than happy to undercut him if it means they can get those student loans off his ass. That's only 15 years in. He probably has a wife, kids, a mortgage, and a couple car payments by then
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