Zombie The Coronavirus Financial Thread (Personal, Local, National)

Discussion in 'Blazers OT Forum' started by EL PRESIDENTE, May 1, 2020.

  1. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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  2. Phatguysrule

    Phatguysrule Well-Known Member

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    60% of which is corporations using the pandemic as an excuse to gouge customers.

    So it should be closer to 3-4%.
     
  3. BigGameDamian

    BigGameDamian Well-Known Member

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    https://www.businessinsider.com/shopping-at-nordstroms-discount-chain-rack-photos-2022-1?amp

    Nordstrom Rack was once Nordstrom's greatest asset, now analysts say it's dragging the brand down. We visited three Rack stores to find out more

    • Once considered the company's greatest asset, sales growth has slowed at Rack in recent years.
    • Analysts say Rack has an inventory problem and suffers by being connected to a full-price brand.
    • We visited three Racks to find out more
     
  4. Shaboid

    Shaboid Well-Known Member

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    I gotta know BGD, do you have a ton of stock in Nordstrom or something? The only news you e posted in this thread has been about them. Does someone need to reset the algorithm?
     
  5. barfo

    barfo triggered obsessive commie pinko Staff Member Global Moderator

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    It's like Abe Lincoln said,

    "Insofar as the national wealth pertains, we must focus our ardor and our deliberation upon the health of Nordstrom Rack."

    barfo
     
  6. Shaboid

    Shaboid Well-Known Member

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    Nordstrom rack is the economic barometer of our time.
     
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  7. Lanny

    Lanny Original Season Ticket Holder "Mr. Big Shot"

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    There is no Nordstrom stock. It is a family owned business.
     
  8. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    Nordstrom is publicly traded under JWN.
     
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  9. Lanny

    Lanny Original Season Ticket Holder "Mr. Big Shot"

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    Well that's new.
     
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  10. Shaboid

    Shaboid Well-Known Member

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  11. BLAZINGGIANTS

    BLAZINGGIANTS Well-Known Member

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  12. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Anyone have theories on why people are quitting?

    Did they get used to work from home?

    Did they figure out that the Government will bail them out eventually?

    Sick of the bullshit after everyone got fired/donwsized and realized companies don't give a fuck about you?
     
  13. Phatguysrule

    Phatguysrule Well-Known Member

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    I think a good portion were boomers working beyond retirement. Then other employees quit their jobs to fill those higher paid positions.

    Many also were parents who realized while being laid off that their kids were better off with them than a sitter, and they figured out how to downsize enough to try and stay home.

    I haven't seen numbers to support that, but it just makes sense to me. I think most of the parents will be back to work soon.
     
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  14. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    This.
     
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  15. Lanny

    Lanny Original Season Ticket Holder "Mr. Big Shot"

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    That's true but why do I remember the Nordstroms owning the company and the SeaHawks? Also, from your link I never remember a Nordstrom store in Portland. If you wanted upper scale clothing you shopped at either Meier and Frank or Olds and King or Lippman, Wolf and co.
     
  16. Shaboid

    Shaboid Well-Known Member

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    Not sure what to tell ya, Lanny. My link was wikipedia, so I'm not surprised it has some questionable info. All I wanted to know about was @BigGameDamian obsession with Nordstroms.
     
  17. Lanny

    Lanny Original Season Ticket Holder "Mr. Big Shot"

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    I found the same information on Wikipedia. It just doesn't sit well with my my creaky memory.
     
  18. BigGameDamian

    BigGameDamian Well-Known Member

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    Phatguysrule and Lanny like this.
  19. HailBlazers

    HailBlazers RipCity

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  20. Shaboid

    Shaboid Well-Known Member

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    Before the pandemic, on-line sales accounted for about 14.25% of all retail sales. During the lockdown of March/April 2020, the percentage unsurprisingly jumped to 20.2%. Since, it has steadily fallen to 16.5% by 6/20, 15.9% by 3/21, and 14.9% through 12/21. The current on-line sales level is now below what the pre-covid growth trend would have suggested. This implies that writing obituaries for brick-and-mortar stores is quite premature.
     
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