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326

Record Bankruptcy in US.

  1. Victoria's Secret declared bankruptcy.
  2. Zara closed 1,200 stores.
  3. La Chapelle withdrew 4391 stores.
  4. Chanel is discontinued.
  5. Hermes is discontinued.
  6. Patek Philippe discontinued production.
  7. Rolex discontinued production.
  8. The world's luxury industry has crumpled.
  9. Nike has a total of $23 billion US dollars preparing for the second stage of layoffs.
  10. Gold's gym filed for bankruptcy
  11. The founder of AirBnb said that because of pandemic, 12 years of efforts were destroyed in 6 weeks.
  12. Even Starbucks also announced to permanently close their 400 stores.
  13. WeWork isn't in a great spot either

Nissan Motor Co. may close down in USA.

  1. Biggest Car Rental company (Hertz) filed for bankruptcy - they also own Thrifty and Dollar
  2. Biggest Trucking company (Comcar) filed for bankruptcy - they have 4000 trucks
  3. Oldest retail company (JC Penny) filed for bankruptcy - to be acquired by Amazon for pennies
  4. Biggest investor in the world (Warren Buffet) lost $50B in the last 2 months
  5. Biggest investment company in the world (BlackRock) is signalling disaster in the world economy - they manage over $7 Trillion
  6. Biggest mall in America (Mall of America) stopped paying mortgage payments
  7. Most reputable airline in the world (Emirates) laying off 30% of its employees
  8. US Treasury printing trillions to try to keep the economy on life support
  9. Estimated no. of retail stores closing in 2020 - 12,000 to 15,000.

The following are big retailers that have announced closing:

  • J. Crew
  • Gap
  • Victoria's Secret
  • Bath & Body Works
  • Forever 21
  • Sears
  • Walgreens
  • GameStop
  • Pier 1 Imports
  • Nordstrom
  • Papyrus
  • Chico's
  • Destination Maternity
  • Modell's
  • A.C. Moore
  • Macy's
  • Bose
  • Art Van Furniture
  • Olympia Sports
  • K Mart
  • Specialty Cafe & Bakery and many many more

*Unemployment claims reached an all-time high of 38+ million - unemployment is over 25% (out of 160 million of work force, close to 40 million are jobless). With no income, consumer demand is falling drastically and the economy will go into a free fall.

This is just USA!

**Record Bankruptcy in US.** 1. Victoria's Secret declared bankruptcy. 2. Zara closed 1,200 stores. 3. La Chapelle withdrew 4391 stores. 4. Chanel is discontinued. 5. Hermes is discontinued. 6. Patek Philippe discontinued production. 7. Rolex discontinued production. 8. The world's luxury industry has crumpled. 9. Nike has a total of $23 billion US dollars preparing for the second stage of layoffs. 10. Gold's gym filed for bankruptcy 11. The founder of AirBnb said that because of pandemic, 12 years of efforts were destroyed in 6 weeks. 12. Even Starbucks also announced to permanently close their 400 stores. 13. WeWork isn't in a great spot either *Nissan Motor Co. may close down in USA.* 1. Biggest Car Rental company (Hertz) filed for bankruptcy - they also own Thrifty and Dollar 2. Biggest Trucking company (Comcar) filed for bankruptcy - they have 4000 trucks 3. Oldest retail company (JC Penny) filed for bankruptcy - to be acquired by Amazon for pennies 4. Biggest investor in the world (Warren Buffet) lost $50B in the last 2 months 5. Biggest investment company in the world (BlackRock) is signalling disaster in the world economy - they manage over $7 Trillion 6. Biggest mall in America (Mall of America) stopped paying mortgage payments 7. Most reputable airline in the world (Emirates) laying off 30% of its employees 8. US Treasury printing trillions to try to keep the economy on life support 9. Estimated no. of retail stores closing in 2020 - 12,000 to 15,000. *The following are big retailers that have announced closing:* - J. Crew - Gap - Victoria's Secret - Bath & Body Works - Forever 21 - Sears - Walgreens - GameStop - Pier 1 Imports - Nordstrom - Papyrus - Chico's - Destination Maternity - Modell's - A.C. Moore - Macy's - Bose - Art Van Furniture - Olympia Sports - K Mart - Specialty Cafe & Bakery and many many more *Unemployment claims reached an all-time high of 38+ million - unemployment is over 25% (out of 160 million of work force, close to 40 million are jobless). With no income, consumer demand is falling drastically and the economy will go into a free fall. This is just USA!

(post is archived)

[–] • 2 pts

The list of stores is a who's who of niche or old-school retailers that failed to change, with a handful of overpriced crap stores that always suffer during a recession. At least the ones on there that I've heard of, I have to assume the others are similar.

Except for Walgreens, they overexpanded something fierce and now are closing stores. There are several around me - which, when you think about it, how many Walgreens do you need in a mile radius - that have closed or consolidated down to a standalone pharmacy with just medical-related retail stuff. They're still the most expensive store in the area, I don't see how people can afford them.

[–] • 0 pt

Walgreens doesnt compete based upon price. They compete on niche selection, convenience, and customer service. If I want a specialty battery, moleskin bandage, or tube of sunscreen...Walgreens will have it. And they're usually a 1:1 or 1:2 ratio of employees to customers, so I'm not going to wait in the checkout line for 20 minutes. If I'm going to walgreens, who cares if they charge a 20% premium? I'm spending $10-20, and paying an extra couple bucks is well worth not losing 1/3 of my hourly wage standing behind some trailer park trash screaming at their autistic kids.

[–] [deleted] • 2 pts

Dude….way off. This list is shit

Rolex and patek are running very strong. They have years long waitlists and are increasing production….in Switzerland…..where they are made.

Emirates airlines laid people off two years ago, but are back now.

The worlds luxury sector is at an all time high. I’ve never seen it like this. Go try to buy a Porsche and see what they say. Go ask a Rolex dealer if you can try on a Daytona.

AirBnB is killing it.

Hermes and Chanel discontinued. The fuck are you taking about?

Starbucks closing isn’t a surprise because they opened too many stores, and still are.

It’s an old list that has no relevance in todays market.

[–] • 2 pts

The founder of AirBnb said that because of pandemic, 12 years of efforts were destroyed in 6 weeks.

I kept traveling and staying at AirBnB. The problem wasn't the scamdemic, it was AirBnB being a bunch of scamming dickholes.

[–] • 1 pt

Hermes is discontinued

Then why did I just prep my pieces of equipment for, probably $400k+ our pay, event for ‘em? I haven’t seen it online tho.. Unless they’re doin classic mob-style skimming and/ or laundering... Don’t care ultimately ha!

[–] • 0 pt

Um...I REALLY need to know where you got that information.

[–] [deleted] • 0 pt

Its from 2020. Its only got worse thanks to Biden/Obama.

https://themazatlanpost.com/2020/07/06/major-brands-declare-bankruptcy-worldwide/

[–] • 0 pt

Chanel still in business

Zara too

Hermes too

Rolex too

Phillipe Patek too

---that took 4 minutes of searching, I'm not gonna do the rest.