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Why are all these stores closing nation wide, if the stock market is up and things are peachy?

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February 3, 2013 in Economics

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Why are all these stores closing nation wide, if the stock market is up and things are peachy?

I thought the stock market was up, and things were peachy and every one was loving higher taxes, obamacare, a collapsing dollar, and millions leaving the work force?

By: Douglas A. McIntyre, Samuel Weigley, Alexander E.M. Hess and Michael B. Sauter | 24/7 Wall St – Fri, Feb 1, 2013 12:50 PM EST


Best Buy

> Forecast store closings: 200 to 250
> Number of U.S. stores:1,056
> One-year stock performance: -36.8%

Sears Holding Corp.

> Forecast store closings: Kmart 175 to 225, Sears 100 to 125
> Number of U.S. stores: 2,118
> One-year stock performance: 8.8%

J.C. Penney

> Forecast store closings: 300 to 350
> Number of U.S. stores: 1,100
> One-year stock performance: -53.6%

Office Depot

> Forecast store closings: 125 to 150
> Number of U.S. stores: 1,114
> One-year stock performance: 50.7%

Barnes & Noble

> Forecast store closings: 190 to 240, per company comments
> Number of U.S. stores: 689
> One-year stock performance: 8.95%

Gamestop

> Forecast store closings: 500 to 600
> Number of U.S. stores: 4,471
> One-year stock performance: -2.2%

OfficeMax

> Forecast store closings: 150 to 175
> Number of U.S. stores: 872
> One-year stock performance: 80.8%

RadioShack

> Forecast store closings: 450 to 550
> Number of U.S. stores: 4,412
> One-year stock performance: -68.1%

 http://finance.yahoo.com/news/eight-retailers-that-will-close-the-most-stores-173320796.html


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1 response to Why are all these stores closing nation wide, if the stock market is up and things are peachy?

  1. The market is up artificially, personally I think Obama signed QE4 without telling the American people and that is what is really holding up the market. Billionaires making more money, is pushing the market up, just wait there will be a real crash sooner or later, these bailout measures are only stop gap measures and last less time each time they are used to recover. And by crash, I mean even those people making money hand over fist won’t be able to buy a gallon of milk with all their billions when the shit hits the fan.

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