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Utopia Talk / Politics / American businesses are fucked
Rugian
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Thu May 28 15:20:00 2020
JC Penney - in bankruptcy
J Crew - in bankruptcy
Neiman Marcus - in bankruptcy
Stage Stores - in bankruptcy
Tuesday Morning - in bankruptcy
Pier 1 - RIP

Hertz - in bankruptcy
Advantage Rent a Car - in bankruptcy

Boeing - Major layoffs
American Airlines - threatening major layoffs

----

A lot of these companies were in trouble with Covid, but the government-mandated lockdowns have accelerated their demise by years. 4% unemployment isn't coming back anytime soon.
Habebe
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Thu May 28 15:44:13 2020
Meh, purging weak businesses isn't the worst.

I wonder how much less we will be paying out in SS and midecare benefits.
Paramount
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Thu May 28 17:21:14 2020
Maybe China can step in and save/buy Boeing and American Airlines like they saved Norwegian Airline.
Habebe
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Thu May 28 17:30:56 2020
Boeing is too big to fail. Its only 2nd to lockheed Martin with military contracts.
sam adams
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Thu May 28 18:04:37 2020
Yup... with a fatality rate of some 0.5% and a vaccine not likely until winter, a full lockdown is doing more damage than good.

But the first set is useless soccer mom stores... Boeing hopefully should be ok... AAL however is in serious trouble. They entered with weaker financials than all other US airlines so they have a rough time ahead.
kargen
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Thu May 28 19:13:25 2020
Most those were dooming themselves anyway because they were/are very slow in gaining an online presence and didn't make the adjustments needed to continue to attract to their stores. A bunch of clothes and other shit hanging on a rack doesn't cut it any more.
Dukhat
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Fri May 29 04:06:33 2020
Clothing was one of the things that Amazon wasn't completely dominating just like many gadgets. People want to try out stuff and easy returns.

They strongest will make a return but the trend already was already towards consolidation.
obaminated
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Fri May 29 04:32:50 2020
you are literally one of the dumbest people ive ever met, cuckhat. you would destroy this country, you are that stupid.
sam adams
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Fri May 29 05:18:41 2020
Cuckhat would be an expert on clothes shopping wouldnt he.
jergul
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Fri May 29 23:59:17 2020
http://ycharts.com/indicators/us_oil_rotary_rigs
Dukhat
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Sat May 30 07:29:23 2020
Obaminated calling someone else dumb is the same as Trump calling someone else dumb.

Only difference is Mexican Tardnado wasn't lucky enough to inherit billions of dollars and is actually poor and still believes he's worth of judging others.
Dukhat
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Sat May 30 07:31:48 2020
I was already 100% comfortable before the crash. Shorting oil during the crash has set me for life. Obaminated can keep whining on this board and seeking approval from other poor retards for all I care.

Eat shit and die. Republicans who are also poor are the dumbest fucking people on earth.
smart dude
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Sat May 30 11:35:31 2020
imagine being a Republican and poor at the same time...so. fucking. stupid.
Pillz
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Sat May 30 12:34:59 2020
Cuckhat calling other people stupid he still thinks corona is real

ROFL
hood
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Sat May 30 15:16:43 2020
Pillz is a flat earther.
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