Jump to content
Carlo Klemm

Department stores could have a ‘sobering’ Christmas,

Recommended Posts

Carlo Klemm

Department stores could have a ‘sobering’ Christmas, Credit Suisse warns

August 9, 2019

by Lauren Thomas - CNBC

Excerpt:  This holiday season could be a “sobering” one for America’s department store chains, warns Credit Suisse analyst Michael Binetti.

He told clients in a note Thursday to expect a “wave of lowered guidance” as Macy’s, J.C. Penney, Nordstrom and Kohl’s start to report fiscal second-quarter earnings next week.

****

Department stores have been hit hard by investors this year.

Macy’s shares have fallen more than 30% this year to trade around $20; Nordstrom has lost about 35% of its value to around $30; Kohl’s shares are down about 24% since January to around $50; and Penney’s stock, having tanked more than 33%to under $1, putting it at risk of being delisted from the New York Stock Exchange.The holiday season is typically a time for retailers to shine, with companies relying on the heavier traffic to boost their businesses, which could be sluggish during other parts of the year. If department s

Source

  • Sad 3

Share this post


Link to post
Share on other sites
Black Hills Santa

Personally, I think Amazon is putting the biggest hurt on department stores, versus anything else. The consumer can stay at home and compare prices without crowds, spending money on gas, etc.

  • Like 3

Share this post


Link to post
Share on other sites
Schwindy
9 hours ago, Black Hills Santa said:

Personally, I think Amazon is putting the biggest hurt on department stores, versus anything else. The consumer can stay at home and compare prices without crowds, spending money on gas, etc.

When I can, THAT'S HOW I SHOP, and if I need it right away then and only then do I "go out to go shopping for things"

Share this post


Link to post
Share on other sites
Black River Santa

I always try to "shop small" at my local area stores whenever I can and even prefer the mall to Amazon, since it creates jobs contributes to the local economy. Give them time and they'll even try to replace Santa and his elves with robotic sorting and packing machines and  Amazon drones...

  • Like 2

Share this post


Link to post
Share on other sites
Black Hills Santa
7 minutes ago, Black River Santa said:

I always try to "shop small" at my local area stores whenever I can and even prefer the mall to Amazon, since it creates jobs contributes to the local economy. Give them time and they'll even try to replace Santa and his elves with robotic sorting and packing machines and  Amazon drones...

You know, you made me think: I can honestly see an ad campaign and/or a movie or show with Santa using drones to deliver gifts because he's tired of the sleigh. While it would most likely not be well received, look at the garbage that spews out of Hollywood already!

  • Like 2

Share this post


Link to post
Share on other sites
Black Hills Santa
16 minutes ago, Black River Santa said:

I always try to "shop small" at my local area stores whenever I can and even prefer the mall to Amazon, since it creates jobs contributes to the local economy. Give them time and they'll even try to replace Santa and his elves with robotic sorting and packing machines and  Amazon drones...

Just saw this picture:

67669033_2809430192404428_8145952174661173248_n.thumb.jpg.0c4c7d9b4dfed2fc8968d304c176b91a.jpg

  • Like 4

Share this post


Link to post
Share on other sites
Santa Bill Reiller

I try to shop local just to support the local businesses when I can.  Especially the local Farmers Market.

  • Like 2

Share this post


Link to post
Share on other sites
Tommy

You most likely are aware that McDonalds has the electronic menu/ordering devices in place.  I try not to use those, I prefer actually giving my order to the cashier.  I still like going to the store to see the item I want to purchase, but some things I have no choice but to purchase online.  Things change and sometimes not necessarily for the better.

  • Like 3

Share this post


Link to post
Share on other sites

  • Donations

    All donations go directly towards the cost of hosting and running ClausNet!

    Your support, through donations or simply by clicking on sponsor links, is greatly appreciated!

    Donate Sidebar by DevFuse
  • Our picks

    • If You Have the Post Christmas Blues You’re Doing Christmas Wrong
      The post-Christmas blues are a very real thing. Once the date of December 25th has passed the specter of December 26th is an ominous marker to many. It sits there on the calendar like the Ghost of Christmas Yet-to-Come. Silent and foreboding, the very image of the hooded Angel of Death it seems to be. And why not?

      Just about anywhere you look Americans are tossing trees to the curb, ripping down lights from rooftops and radio stations are flipping back to everyday music. What took months to build gets deconstructed in a matter of a couple of days.
        • Like
      • 25 replies
    • Auld Lang Syne
      Every New Year’s Eve at the stroke of midnight, millions around the world traditionally gather together to sing the same song, “Auld Lang Syne”. As revilers mumble though the song’s versus, it often brings many of them to tears – regardless of the fact that most don’t know or even understand the lyrics. Confusion over the song’s lyrics is almost as much of a tradition as the song itself. Of course that rarely stops anyone from joining in.
        • Wow
        • Like
      • 2 replies
    • Merry Christmas, My Friend
      Every year around this time, some variation of this poem is circulated online. The poem is generally credited to “a soldier stationed in Okinawa” or more recently since September 11, 2001, “a Marine stationed in Afghanistan”.

      However, the poem’s true author is Lance Corporal James M. Schmidt.

      Originally entitled, “Merry Christmas, My Friend”, Corporal Schmidt wrote the poem in 1986 while serving as Battalion Counter Sniper at the Marine Barracks 8th & I, in Washington, D.C.

      That day the poem was placed in the Marine Corps Gazette and distributed worldwide. Schmidt’s poem was later published in Leatherneck (Magazine of the Marines) in December 1991.
        • Sad
        • Love
        • Like
      • 1 reply
    • Is it time to start calling out Bad Santas?
      Is it time to start calling out Bad Santas?

      Do you think we should start calling out those in our community whose actions or behavior is unbecoming of Santa Claus or Mrs. Claus?
        • Wow
        • Like
      • 94 replies
    • Backlash Building Against The Man Who Invented Christmas
      Backlash Building Against The Man Who Invented Christmas

      ChristmasWeekly.com
      September 7, 2017

      EXCERPT:

      There is a new Christmas movie headed to theaters this Christmas about Charles Dickens about his creation of A Christmas Carol and Christmas purists hate it. Already.

      The film has a stellar cast that features the dreamy-eyed Dan Stevens as Dickens and the legendary Christopher Plummer as Scrooge. Here is the trailer:

      “This is a very presumptuous film,” said Christmas fan and would-be film critic, Arnold Yates, via MSN. “Charles Dickens was great but he certainly didn’t invent Christmas. Bah Humbug!”

      That sentiment is growing online as the preview makes the rounds.
        • Confused
        • Like
      • 14 replies
    • Seeking recognition
      Seeking recognition is a downward path for a legend who performs his tasks in the veil of night.

      Recently, a fellow portrayer of Santa posted an image on Facebook that they constructed to look like a magazine cover with him on it and several story snips like many publications have on their covers.  You may have seen it if they are your friend on Facebook.  It looks okay.  The composition is good, but the rendering when uploading it to Facebook became distorted it and it is quite pixelated when you look at it from a development standpoint.
        • Love
        • Like
      • 13 replies
    • Not Everyone Can Be Santa!
      Yes, I said it and it is not meant to hurt anyone’s feelings. I do view many Facebook sites along with websites and posted photos. Frankly, many of these postings should have never been put on public display.
        • Thanks
        • Love
        • Like
      • 1 reply
    • Are you the 'real' Santa?
      How do you answer this question?

      "Are you the 'real' Santa?"

      Read all the replies...
      • 91 replies
    • Infringement? Make up your own mind.
      In the last couple of days, on several different social media and bidding sites, an item has been offered for sale that in my opinion is cause for suspicion.  I would like to bring that product to your attention.

      There is some disagreement over whether or not it is an infringement or not.  I believe it is close enough to be considered as an infringement, but that is not the only the reason behind my post.
        • Like
      • 32 replies
    • Why Bass Pro Shops’ longtime Santa won’t be back this Christmas
      Why Bass Pro Shops’ longtime Santa won’t be back this Christmas

      Christmas is going to be a little different this year for families whose traditions include visiting Santa at Bass Pro Shops. Paul Davis, who spent the last nine years as the Bass Pro Santa in Ashland, will not be there anymore.
        • Sad
        • Like
      • 98 replies
About | Forums | Blogs | Newsletter | Contact


© 2019 MJR Group. LLC. All rights reserved.
Terms of Use | Privacy Policy | Copyright IP Policy

Proud affiliate of My Merry Christmas!

Subscribe to the ClausNet Gazette

Enter your email address to subscribe to our monthly newsletter.

About ClausNet

The ClausNet community is the largest social network and online resource for Santa Claus, Mrs. Claus, Elves, Reindeer Handlers, and Santa helpers for the purposes of sharing stories, advice, news, and information.
×
×
  • Create New...