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Started By
Message
Retail bloodbath continues, more stores closing
Posted on 3/20/24 at 3:15 pm
Posted on 3/20/24 at 3:15 pm
LINK
Best Buy chief executive officer Corie Barry
quote:
Best Buy permanently closed ten stores this month - and now has 100 fewer shops than before the pandemic.
The ten all shut on March 2 and are in addition to another 24 the retailer shut during its fiscal year ending February 3.
The electronics giant is the latest this year to shut stores - or announce plans to do so. Walmart has shut three in 2024 and will shut another three in weeks.
Meanwhile, Dollar Tree has announced plans to shut 1,000, Macy's has said it will cull 150 - a third of its total - and drug store Rite Aid is shuttering 77.
Last year, major US chains including Target, CVS, Macy's and Rite Aid were behind nearly 3,000 stores closures in 2023.
Best Buy chief executive officer Corie Barry
19
Posted on 3/20/24 at 3:20 pm to WPBTiger
quote:
Best Buy chief executive officer Corie Barry
She a token LGBT+*}*{+#+#+ hire?
Posted on 3/20/24 at 3:22 pm to WPBTiger
quote:
bloodbath
Reported for violent speech
Posted on 3/20/24 at 3:29 pm to WPBTiger
It's inevitable that eventually only Walmart & Target will be left standing and that's only because they also sell groceries.
Between Amazon and chinese crap apps like Temu there is no need for others. And it is not a sign of economic doom. The people are spending more wisely. All the crap comes from Asia anyway so why pay a markup so some sociology major can check me out at Best Buy?
Between Amazon and chinese crap apps like Temu there is no need for others. And it is not a sign of economic doom. The people are spending more wisely. All the crap comes from Asia anyway so why pay a markup so some sociology major can check me out at Best Buy?
Posted on 3/20/24 at 3:37 pm to WPBTiger
BB has been ailing for years, which is evident in how poorly they stock the stores. I quit shopping in store as a result because of too many trips where they didn’t have what I needed.
This is just them starting to enter a death spiral.
This is just them starting to enter a death spiral.
Posted on 3/20/24 at 3:38 pm to WPBTiger
Who shops at Best Buy anymore?
I thought they were all closed.
I thought they were all closed.
Posted on 3/20/24 at 3:49 pm to WPBTiger
This is how you build back better.
Posted on 3/20/24 at 4:29 pm to WPBTiger
But according to Pedo Joe the economy is better than it has ever been
Posted on 3/20/24 at 4:38 pm to WPBTiger
Economy is doing great
Posted on 3/20/24 at 4:44 pm to WPBTiger
quote:
Best Buy chief executive officer Corie Barry
Never put your faith in a female CEO. Especially one with two male names.
Posted on 3/20/24 at 4:51 pm to WPBTiger
Can bloodbath still be used after Trump uttered that scary word last week during at rally? 
Posted on 3/20/24 at 8:25 pm to WPBTiger
Best Buy, Rite Aid, and Macy’s are all terribly run companies and have been since well before Biden took office.
Dollar Tree has cannibalized itself with too many stores.
Call me when a well run chain starts closing lots of stores.
Dollar Tree has cannibalized itself with too many stores.
Call me when a well run chain starts closing lots of stores.
Posted on 3/20/24 at 9:11 pm to WPBTiger
Completely misleading post. In 2022 and 2023 more stores opened than closed. It is expected to be the same in 2024.
Walmart is adding or converting 150 stores over the next 5 years. They are renovating 650 stores over the next year or so. Just considering Walmart has over 4600 US locations plus over 500 Sam's Club locations.
Target is adding 300 stores over the next 10 years.
Macy's is opening 30 stores by end of 2025.
Academy is adding nearly 150 stores over the next 3 years or so.
Boot Barn is adding over 50 stores this year.
Burlington is opening 100 stores in 2024. Ross is opening 90.
Rite Aid has long been a mess.
Locally in the New Orleans metro area retail real estate is as strong as it has ever been. There is very little vacancy.
Walmart is adding or converting 150 stores over the next 5 years. They are renovating 650 stores over the next year or so. Just considering Walmart has over 4600 US locations plus over 500 Sam's Club locations.
Target is adding 300 stores over the next 10 years.
Macy's is opening 30 stores by end of 2025.
Academy is adding nearly 150 stores over the next 3 years or so.
Boot Barn is adding over 50 stores this year.
Burlington is opening 100 stores in 2024. Ross is opening 90.
Rite Aid has long been a mess.
Locally in the New Orleans metro area retail real estate is as strong as it has ever been. There is very little vacancy.
Posted on 3/20/24 at 9:34 pm to WPBTiger
I paid for geek squad and used them a good bit last year
Will miss that
Will miss that
Posted on 3/20/24 at 10:35 pm to WPBTiger
quote:
bloodbath
quote:
Well known White Supremacist and MAGA Trumper WPBTiger threatens major retailers with bloodbath, Donald Trump refuses to condemn his comments
Posted on 3/21/24 at 12:51 am to WPBTiger
quote:
Walmart
Bro there's no bloodbath for Walmart, we just had a three for one stock split
The only closings were culling the herd
Posted on 3/21/24 at 6:02 am to WPBTiger
Late 90s/Early 00s Best Buy was an incredible store.
Early 20s Best Buy is complete arse.
Early 20s Best Buy is complete arse.
Posted on 3/21/24 at 6:44 am to WPBTiger
All the stocks I own in retail have been on fire the last six months. William Sonoma $WSM also owns The Pottery Barn went from $194 in Jan of 2024 to $295 the other day.
Looks like OP is cherry picking one troubled company to make generalizations about the economy.
Looks like OP is cherry picking one troubled company to make generalizations about the economy.
Posted on 3/21/24 at 7:39 am to WPBTiger
You are not allowed to use that racist language!!
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