Galt's Gulch

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  • Posted by Scatcatpdx 11 years, 11 months ago
    Much the article is tin hat conspiracy theories which I have no patience with.

    Sears, Penny's and Radio Shack struggled for years because they never kept up with the times. Best Buy and consumer electronics stores are being trounced on by Amazon.com via showrooming . and MC Donald is facing completion by higher quality / casual dining fast food like Chipotle, Pandera Bread and Starbucks. Streaming and Redbox killed Hollywood Video and Blockbusters.
    Furthermore, how much of real "growth" is an illusion built on credit card debt. Because credit tightening and the rest of us stop being so stupid and pay cash, we are reducing our spending and living within our means.
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  • Posted by Robbie53024 11 years, 11 months ago
    I think the most alarming item was that grocery store sales are declining - even though population is increasing. Unless there is also an increase in restaurant/take-out sales, that is alarming.
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    • Posted by iroseland 11 years, 11 months ago
      restaurant sales numbers are up pretty dramatically over the past year. Also, fast food is not as clear cut of a winner on the increase.
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      • Posted by Robbie53024 11 years, 11 months ago
        So, would that point to rising affluence, rising laziness, or what?
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        • Posted by iroseland 11 years, 11 months ago
          probably both.. While my wife might work in the industry we tend to eat at home because we can make higher quality stuff at home then we could hope to find at a restaurant... Granted, we are really spoiled food snobs stuck living in the wasteland that is the pacific northwest. So, when we find ourselves in SF Chi or NY we go out of our way to stop at a place with a couple of Michelin Stars..
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  • Posted by CircuitGuy 11 years, 11 months ago
    They're going after some top-performing companies based on one quarter of data. We're in a major expansion. This is an opportunity to invest in high-growth businesses. Enjoy it now b/c in a few years the pendulum will swing back, and it will be a great opportunity for laid off people to buy used office equipment and cheap commercial space. Either way there are opportunities, but this is the expansion.
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  • Posted by iroseland 11 years, 11 months ago
    ok, finally read the article.. It might be working on making a mole hill into a mountain in a few places. Sears/Kmart has actually been on the ropes for a long time. JCPenny has also been on the ropes for quite a while. BlockBuster!?!?!? They were put out of business by technology and the part where people got wind of the part where the BlockBuster version of a movie might be a bit shorter than the actual movie. Spending habits are changing, along with the middle class getting bent over by the Fed and IRS and insert more Alphabet soup here..
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  • Posted by richrobinson 11 years, 11 months ago
    He mentions Radio Shack, Penny's and Sears. Each of these stores have been struggling for a while and for reasons unrelated to the economy. Still, the export numbers out of China were awful. Get ready for the weather to be blamed again. This time for bad retail numbers.
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    • Posted by straightlinelogic 11 years, 11 months ago
      Quite true about Radio Shack, Penny's and Sears. I get more worried when I see Target, McDonald's, and Walmart having trouble. I don't think we can keep up this bifurcated economy too much longer.
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      • Posted by richrobinson 11 years, 11 months ago
        WalMart and Mcdonalds especially. Target is still hurting from the credit card issue. I wonder how long they can keep blaming the weather. Would not analysts estimates take into account the cold? They are missing soft targets. Not good.
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