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Utopia Talk / Politics / American businesses are fucked
Rugian
Member
Thu May 28 08:20:00
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
Member
Thu May 28 08:44:13
Meh, purging weak businesses isn't the worst.

I wonder how much less we will be paying out in SS and midecare benefits.
Paramount
Member
Thu May 28 10:21:14
Maybe China can step in and save/buy Boeing and American Airlines like they saved Norwegian Airline.
Habebe
Member
Thu May 28 10:30:56
Boeing is too big to fail. Its only 2nd to lockheed Martin with military contracts.
sam adams
Member
Thu May 28 11:04:37
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
Member
Thu May 28 12:13:25
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
Member
Thu May 28 21:06:33
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
Member
Thu May 28 21:32:50
you are literally one of the dumbest people ive ever met, cuckhat. you would destroy this country, you are that stupid.
sam adams
Member
Thu May 28 22:18:41
Cuckhat would be an expert on clothes shopping wouldnt he.
jergul
large member
Fri May 29 16:59:17
http://ycharts.com/indicators/us_oil_rotary_rigs
Dukhat
Member
Sat May 30 00:29:23
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
Member
Sat May 30 00:31:48
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
Member
Sat May 30 04:35:31
imagine being a Republican and poor at the same time...so. fucking. stupid.
Pillz
Member
Sat May 30 05:34:59
Cuckhat calling other people stupid he still thinks corona is real

ROFL
hood
Member
Sat May 30 08:16:43
Pillz is a flat earther.
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