I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
Thanks for the link. JC Penney is finished...they'll limp along for some time, but eventually they'll liquidate. The bifurcation: high end dept stores vs discounters leaves no room in the middle. Plus Amazon...
Amazon is a productivity miracle. The virtual malls of the future seemingly need very few retail salespersons. The BLS assures us that I'm wrong to think this way. We'll see what happens after a few more years of exponential online growth.
And then there are all those restaurants located in and around the malls. Will they thrive if JC Penney is finished? I have my doubts.
As an added bonus, the high price of gasoline is encouraging us to stay home. Sigh.
I thought for sure that the quote of the day was found within the article's title. I was so wrong.
ReplyDeleteWoah! I'm experiencing extreme déjà vu.
Urban Dictionary: Woah
used to express the sudden realization of one's pathetic character and/or behavior
"Woah, I have nothing better to do with my time than to look up the misspelled word 'woah'."
And on that note, I'm off to moah the lawn. ;)
Thanks for the link. JC Penney is finished...they'll limp along for some time, but eventually they'll liquidate. The bifurcation: high end dept stores vs discounters leaves no room in the middle. Plus Amazon...
ReplyDeleteScott,
ReplyDeleteAmazon is a productivity miracle. The virtual malls of the future seemingly need very few retail salespersons. The BLS assures us that I'm wrong to think this way. We'll see what happens after a few more years of exponential online growth.
And then there are all those restaurants located in and around the malls. Will they thrive if JC Penney is finished? I have my doubts.
As an added bonus, the high price of gasoline is encouraging us to stay home. Sigh.