Nothing wrong with IKEA as long as your expectations are in alignment with what you paid for the stuff (which was probably practically nothing). I have used some of their drapes for rentals. Worked beautifully. No more expensive custom made commercial quality drapes. Why?
My question still is, Why is the stock market currently not even blinking an eye as daily reports of troubled retailers roll off the presses? Surely, if a few thousand workers get whacked pretty much at the same time wonât that cause the economy to tank?
Wonât unemployment be roughly equal to what they were making? Maybe people think theyâll easily get other jobs? Warren Buffet just said retail is a really tough business to figure out. Clearly some retailers are missing the mark. Overall, consumer spending is higher, so there must be winners somewhere else.
Well, you are talking about lower skilled workers being laid off. They may not find work that easy esp if retail is dead. And if a lot of them go out at once, I am thinking the economy will feel it.
Look at the present administration folks. They are cutting the safety nets that used to catch people in distress. Without them, whatâs available? More jobs? From who? The so called president? Really?
Granted, the stock market has been quieting down as of late but why is this still not a major concern? We canât have thousands of workers laid off soon at once without any rippling effect on the economy!!!
I saw a recent article about retail. It said the real threat to retail is off-price or discount retail. Macyâs is trying to counter it. Instead of leaving merchandise in place and discount it, theyâve created a discounted section in the store. They are also launch a new off-price store concept. Consumers are now conditioning to expect discounts and not pay full price. Thatâs why JCPenneyâs fair and square pricing was an epic fail.
ESPN Expects to Lay Off More Talent in Cost-Cutting Move - Variety
3 days ago ⌠ESPN expects to cut its talent ranks as it continues to look for ways to cut costs in a more challenging operating environment.
ESPN layoffs to hit on-camera personalities - Mar. 6, 2017
4 days ago ⌠ESPN is expected to layoff several of its on-camera personalities to cut costs. ⌠by Ahiza Garcia @ahiza_garcia March 6, 2017: 4:10 PM ET âŚ
GM to cut another 1,100 jobs - Mar. 6, 2017 - CNN Money
4 days ago ⌠GM laying off another 1100 in fourth layoff in recent months.
Layoffs | New York Post http://nypost.com/tag/layoffs/
February 27, 2017 | 8:56pm. Mike Mayo, an outspoken Wall Street analyst who was often a thorn in bank CEOsâ sides, was laid off with about 90 other people on âŚ
Loweâs Will Lay Off More than 500 Workers | Fortune.com http://fortune.com/2017/02/22/lowes-layoffs-north-carolina/
Layoffs at Loweâs are hitting the home improvement retailerâs headquarters in ⌠Feb 22, 2017 ⌠The company announced it was laying off 430 people from its âŚ
Oracle Layoffs 2017: Tekelec, Communications Staff Cuts ⌠https://www.channele2e.com/2017/03/08/oracle-layoffs-2017-tekelec-communications-staff-cuts/
by Joe Panettieri ⢠Mar 8, 2017. Oracle (ORCL) layoffs have hit the former Tekelec team in North Carolina, according to WRAL TechWire. Specific headcount cuts âŚ
Railroad company CSX to lay off 1,000 in management - USA Today http://www.usatoday.com/story/money/nation-now/2017/02/21/csx-management-layoffs/98194622/
Feb 21, 2017 ⌠21, 2017 | Updated 1:17 p.m. ET Feb. 21, 2017. CLOSE. Skip in Skip ⌠The layoffs include positions both in the field and at CSX Corp. (CSX) âŚ
Funny, I saw a lot of online articles saying that 2017 will be great for remodeling. If anything, I was thinking Home Depot and Loweâs would be doing well or in anticipation of that market feedbackâŚ
@buyinghouse None of those articles are related to the cuts you mentioned (Trumpcare, workerâs rights, or social security)⌠Whatâs your point in posting them?
500 is what percentage? Iâd venture to guess they are hiring more than 500. TImes change and companies have to adapt. They are always laying off in obsolete areas and hiring to invest in new growth areas. If you donât allow that, then you get Japan.
Usually there is an early warning that many people ignore. The most recent financial crisis is preceded by the Barclay collapse. Nobody give a damn. Then suddenly everybody panic when Lehman failed. Trumpâs customs ban might be the early warning, and the EOs on H1Bs might be the event that make people suddenly panic. Iâm not wise enough to see around the corner till it becomes clear to everybody. Can you?