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Paul Merrell

The US Retail Industry is Collapsing: Here's Why You're in Trouble | - 0 views

www.theorganicprepper.ca/-why-youre-in-trouble-01132015

economic-collapse retail-industry store-closures

shared by Paul Merrell on 16 Jan 15 - No Cached
  • Shopping malls across America are going to look a whole lot emptier soon. An exodus of giant retailers is beginning with the announcement of hundreds of store closures and thousands of people newly unemployed. The first of January, I broke with my usual tradition and wrote not about positive resolutions, but about the impending rockslide of the US economy. And “rockslide” is an apt word: as one thing starts rolling down the mountain, it will pick up other things until a veritable avalanche of other businesses and people are affected and rolling pell-mell right alongside. Last year, we saw announcements of the expected closure of some retail giants. In February of 2013, Michael Snyder wrote on The Economic Collapse Blog that we would see the following: Best Buy Forecast store closings: 200 to 250 Sears Holding Corp. Forecast store closings: Kmart 175 to 225, Sears 100 to 125 J.C. Penney Forecast store closings: 300 to 350 Office Depot Forecast store closings: 125 to 150 Barnes & Noble Forecast store closings: 190 to 240, per company comments Gamestop Forecast store closings: 500 to 600 OfficeMax Forecast store closings: 150 to 175 RadioShack Forecast store closings: 450 to 550
  • Unfortunately, it didn’t stop there. This morning, a World News Daily report announced: Macy’s is closing 14 of its 790 stores across the country. JCPenney is closing 39 of its stores and laying off 2,250 workers. Sears has been around for 122 years, but it, too, is closing 235 under-performing stores.  C. Wonder, the preppy retailer, is going out of business, closing all 11 of its U.S. stores in the next few weeks. Wet Seal is closing 338 retail stores while dealing with bankruptcy proceedings. Nearly 3,700 full- and part-time workers will be unemployed. Aeropostale, suffering from declining sales, closed 75 stores during the holiday season, which runs from November through January. And in 2015, they expect to close an additional 50 to 75 stores. RadioShack, which is negotiating with lenders to gain approval to shutter 1,100 stores, said last month that it closed 175 locations in 2014. (source)
  • Even holiday sales, normally high, plummeted this Christmas.
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  • You may not work in retail yourself, but never doubt that the mass closure of these businesses will directly affect you.. Maybe you are wondering how.  You aren’t much of a shopper. You aren’t a retail worker. Perhaps you believe you can compartmentalize this information, pack it away, and go on with your life as you always have. The thing is, it’s not just the patrons and employees of these stores who are affected. This is going to be catastrophic on a variety of levels.
Gary Edwards

The List: Unnecessarily Shut Down by Obama to Inflict Public Pain - 0 views

www.breitbart.com/...st-obama-closures-for-shutdown

government-shutdown Obammunism financial-crisis

shared by Gary Edwards on 08 Oct 13 - No Cached
  • Gary Edwards on 08 Oct 13
     
    "The media may or may not report on these individual occurrences, but what they will never do is provide the American people with the full context and scope of Obama's shrill pettiness. Below is a list of illogical, unnecessary, and shockingly spiteful moves our government is making in the name of essential and non-essential. This list will be regularly updated, and if you have something you feel should be added, please email me at jnolte@breitbart.com or tweet me @NolteNC.Please include a link to the news source. -- 1. Treatments for Children Suffering From Cancer - The GOP have agreed to a compromise by funding part of the government, including the National Institutes of Health, which offers children with cancer last-chance experimental treatment. Obama has threatened to veto this funding. 2. The World War II Memorial - The WWII memorial on the DC Mall is a 24/7 open-air memorial that is not regularly staffed. Although the White House must have known that WWII veterans in their eighties and nineties had already booked flights to visit this memorial, the White House still found the resources to spitefully barricade the attraction.  The Republican National Committee has offered to cover any costs required to keep the memorial open. The White House refused. Moreover, like the NIH, the GOP will pass a compromise bill that would fund America's national parks. Obama has threatened to veto that bill. 3. Furloughed Military Chaplains Not Allowed to Work for Free - Furloughed military chaplains willing to celebrate Mass and baptisms for free have been told they will be punished for doing so. 4. Business Stops In Florida Keys - Although the GOP have agreed to compromise in the ongoing budget stalemate and fund the parks, Obama has threatened to veto that funding. As a result, small businesses, hunters, and commercial fisherman can't practice their trade. While the feds have deemed the personnel necessary to keep this area open "non-essential," the "enforcement office
Paul Merrell

SodaStream to close illegal settlement factory in response growing boycott campaign | B... - 0 views

www.bdsmovement.net/...growing-boycott-campaign-12782

war & peace Israel Palestine BDS Sodastream

shared by Paul Merrell on 09 Nov 14 - No Cached
  • Palestinian boycott, divestment and sanctions (BDS) activists have welcomed the news that SodaStream has announced it is to close its factory in the illegal Israeli settlement of Mishor Adumim following a high profile boycott campaign against the company. “SodaStream’s announcement today shows that the boycott, divestment and sanctions (BDS) movement is increasingly capable of holding corporate criminals to account for their participation in Israeli apartheid and colonialism,” said Rafeef Ziadah, a spokesperson for the Palestinian Boycott, Divestment and Sanctions National Committee (BNC), the broad coalition of Palestinian civil society organisations that leads and supports the BDS movement. “BDS campaign pressure has forced retailers across Europe and North America to drop SodaStream, and the company’s share price has tumbled in recent months as our movement has caused increasing reputational damage to the SodaStream brand,” she added. The news of this major success against a company famed for its role in illegal Israeli settlements broke amidst intensifying demonstrations against Israel’s policies of colonisation in Jerusalem. Grassroots boycott activism saw SodaStream dropped by major retailers across North America and Europe including Macy’s in the US and John Lewis in the UK.
  • SodaStream was forced to close its flagship store in Brighton in the UK as a result of regular pickets of the store. Soros Fund Management, the family office of the billionaire investor George Soros, sold its stake in SodaStream following BDS pressure. SodaStream’s share price fell dramatically in recent months as sales dried up, particularly in North America. After reaching a high of $64 per share in October 2013, the stock fell to around $20 per share this month. SodaStream has estimated its third quarter revenue will be $125 million, down almost 14 percent from the same period last year. But Ziadah warned that SodaStream will still remain actively complicit in the displacement of Palestinians in the Naqab and will remain a focus of boycott campaigning. “Even if this announced closure goes ahead, SodaStream will remain implicated in the displacement of Palestinians. Its new Lehavim factory is close to Rahat, a planned township in the Naqab (Negev) desert, where Palestinian Bedouins are being forcefully transferred against their will. Sodastream, as a beneficiary of this plan, is complicit with this violation of human rights,” she said.
  • SodaStream’s participation in Israel’s forced displacement of Palestinians gained international notoriety when A-list celebrity Scarlett Johansson signed up to be a brand ambassador for the company. Following an international campaign urging Oxfam end its relationship with Johansson for endorsing SodaStream, the actor decided to quit Oxfam. SodaStream has also come under fire for its treatment of Palestinian workers in its West Bank factory, as Ziadah explains: “Any suggestion that SodaStream is employing Palestinians in an illegal Israeli settlement on stolen Palestinian land out of the kindness of its heart is ludicrous.” “Palestinian workers are paid far less than their Israeli counterparts and SodaStream recently fired 60 Palestinians following a dispute over food for the breaking of the Ramadan fast. Workers have previously said they are treated ‘like slaves’”. “Palestinians are forced to work inside settlements in sub-standard conditions because of Israel’s deliberate destruction of the Palestinian economy. There’s an urgent need for the creation of decent and dignified jobs within the Palestinian economy.”
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  • SodaStream have said all workers will be offered jobs at its new plant, although Israel’s apartheid wall and severe restrictions on movement will make the commute to the new plant difficult for its Palestinian workers. All of the main Palestinian trade unions have called for boycott and are members of the Palestinian BDS National Committee, the civil society coalition that leads the BDS movement and helped to initiate the campaign against SodaStream.
  • Paul Merrell on 09 Nov 14
     
    The Palestine BDS Movement drew economic blood According to the NYT, SodaStream's revenues fell so far that its books needed red ink and the Israeli government chipped in $20 million to move SodaStream out of the Occupied Territories. 
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