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

[EL PRESIDENTE]

 

[Phatguysrule]

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

So it should be closer to 3-4%.

 

[BigGameDamian]

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

 

[Shaboid]

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

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?

 

[barfo]

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

 

[Shaboid]

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

Nordstrom rack is the economic barometer of our time.

 

[Lanny]

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?

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

 

[SlyPokerDog]

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

Nordstrom is publicly traded under JWN.

 

[Lanny]

Nordstrom is publicly traded under JWN.

Well that's new.

 

[Shaboid]

Well that's new.

In 1971, the company was taken public on NASDAQ.[11] It was moved to the New York Stock Exchange in 1999 under the ticker symbol JWN after John W. Nordstrom, its founder.[10]

https://en.wikipedia.org/wiki/Nordstrom

 

[BLAZINGGIANTS]

In 1971, the company was taken public on NASDAQ.[11] It was moved to the New York Stock Exchange in 1999 under the ticker symbol JWN after John W. Nordstrom, its founder.[10]

https://en.wikipedia.org/wiki/Nordstrom

That's new, FAMS!

(Relative to Lanny, that is.)

 

[EL PRESIDENTE]

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?

 

[Phatguysrule]

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?

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.

 

[SlyPokerDog]

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

This.

 

[Lanny]

In 1971, the company was taken public on NASDAQ.[11] It was moved to the New York Stock Exchange in 1999 under the ticker symbol JWN after John W. Nordstrom, its founder.[10]

https://en.wikipedia.org/wiki/Nordstrom

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.

 

[Shaboid]

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.

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.

 

[Lanny]

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.

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

 

[BigGameDamian]

https://www.oregonlive.com/business...acerbating-hiring-squeeze.html?outputType=amp

Oregon has more open jobs than unemployed people, exacerbating hiring squeeze

 

[HailBlazers]

https://www.oregonlive.com/business...acerbating-hiring-squeeze.html?outputType=amp

Oregon has more open jobs than unemployed people, exacerbating hiring squeeze

"Health care was the largest category of job openings last fall, according to the employment department’s survey, with about 28,000 vacancies."

 

[Shaboid]

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.

 

[EL PRESIDENTE]

 

[EL PRESIDENTE]

So, its pretty obvious that we had the "supply chain issues". Pretty soon, we will have surpluses.

People are probably spending more than they should right now (me included). It could get messy

 

[MickZagger]

So, its pretty obvious that we had the "supply chain issues". Pretty soon, we will have surpluses.

People are probably spending more than they should right now (me included). It could get messy

Recession is looming

 

[EL PRESIDENTE]

 

[EL PRESIDENTE]

Stocks been getting rocked by FED action.

 

[BigGameDamian]

 

[BigGameDamian]

 

[RR7]

I feel like about 15 years ago, CVS was opening up a new store every other few blocks it seemed. Probably oversaturated a little bit.

 

[EL PRESIDENTE]