Hey Folks,
Re: Retailers Aren't Closing Down Fast enough?
These days retailers are really getting quite a continual beating; so much so that most of them seem to be on the Darwinian Hit List of the soon to be extinguished and terminated.
I almost feel sorry for anybody in that game.
But they really don't deserve much sympathy given their past arrogance and total ignorance of long-term economic cycles that is the basic cause of the ever dropping aggregate consumer demand that I wrote about on my destroyed Website. And that demand evaporation was precipitated by the onset of the Kondratieff Super Cycle in 2007/08; for, that is what is now hitting them hard.
I know of these things because I tried to warn so many back in 2005 to 2009; and I talked to many: and they were just blind to the changing times.
So, go read the following fairly decent analysis of what ails retail; but of course no one, but no one, references the massive psychological downturn of the consumer's buying patterns caused by the on-going Kondratieff!
https://www.retaildive.com/news/macys-may-not-be-closing-stores-fast-enough/523348/
"Macy's may not be closing stores 'fast enough'
Dive Brief:
"Morgan Stanley analysts suggested Macy's might need to quicken the pace of its store closures and downgraded their estimates for the department store retailer's stock... ...
"While Macy's has proactively closed stores, ongoing negative store-only comps lead us to question if it is closing them fast enough," ..."
No comments:
Post a Comment