Business closures, downsizing, bankruptcies

[ken_sylvania]

And, in fact, retail theft has fallen nationwide since 2019, not risen.

Well, well. Are you sure about that?

https://counciloncj.org/crime-trends-in ... 24-update/
CCJ says shoplifting incidents across major cities are up 40% for the first six months of 2024 compared with the first six months of 2021.
They also say that while shoplifting reports did decline for two years, they have been steadily rising since 2021.

[Ken]

And, in fact, retail theft has fallen nationwide since 2019, not risen.

Well, well. Are you sure about that?

https://counciloncj.org/crime-trends-in ... 24-update/
CCJ says shoplifting incidents across major cities are up 40% for the first six months of 2024 compared with the first six months of 2021.
They also say that while shoplifting reports did decline for two years, they have been steadily rising since 2021.

I'm just citing the statistics in the NYT article that I linked to.

But if you want to look at that report that you just linked to on the topic of crime generally we do NOT find evidence that crime is on the rise. In fact it supports my general point that both violent crime and property crime are currently on the decline since the pandemic. These are the summary conclusions of the Council on Criminal Justice Report that you linked to:

• Eleven of the 12 offenses covered in this report were lower in the first half of 2024 than in the first half of 2023.
• Looking at violent offenses, the number of homicides in the 29 study cities providing data for that crime was 13% lower–319 fewer homicides–during the first half of 2024 than in the first half of 2023. There were 7% fewer reported aggravated assaults and 18% fewer gun assaults in the first half of 2024 than during the same period in 2023. Reported carjacking incidents fell by 26% while robberies and domestic violence incidents declined by 6% and 2%, respectively.
• Motor vehicle theft, a crime that has been on the rise since the summer of 2020, continued its upward trajectory through 2023. That trend reversed in the first half of 2024, however, as there were 18% fewer motor vehicle thefts compared to the first half of 2023.
• Reports of residential burglaries (-14%), nonresidential burglaries (-10%), larcenies (-6%), and drug offenses (-2%) all decreased in the first half of 2024 compared to the first half of 2023. But rates of reported shoplifting, a crime that has received extensive attention from the media and policymakers, increased by 24% over the same period.
• Overall, most violent crimes are at or below levels seen in 2019, the year prior to the onset of the COVID pandemic and racial justice protests of 2020. There were 2% fewer homicides during the first half of 2024 than during the first half of 2019 and 15% fewer robberies. Aggravated assaults and domestic violence incidents also are below levels seen five years ago. Gun assaults were 1% higher during the first half of 2024 than during the first half of 2019, and carjacking, a crime that is relatively uncommon but began to spike shortly after the onset of the pandemic, was 68% higher.
• Property crime trends have been mixed over the last five years. There were fewer residential burglaries and larcenies but more nonresidential burglaries in the first half of 2024 than during the same period five years earlier. Motor vehicle thefts more than doubled during the timeframe, while shoplifting is 10% higher. Drug offenses remain below 2019 levels.
• It is encouraging that rates of violent and property crime are trending in the right direction and are generally below historic peaks seen in the early 1990s, but many cities are still experiencing disturbingly high levels of homicide and motor vehicle theft. To achieve long-term reductions, local, state, and federal governments, along with communities and industries, must adopt evidence-based crime prevention efforts. Additionally, improvements to the nation’s crime data infrastructure are essential to better equip policymakers with timely, accurate, and usable data needed to effectively address community violence and other crime.

[temporal1]

GIGO

[temporal1]

OP:

2024 / Money is tight, businesses close.

Some reports boast about a great economy many are not experiencing. Not seeing.

This topic is to note closing, downsizing, bankruptices, esp unnerving in businesses one might guess would be thriving
(like recently expanded Walgreens). .. ..

^^When i started this topic, it was because i’d noticed reports of various businesses, esp prominent chains, closing .. the goal here was to note, “anecdotally”, names, no emphasis or inquiry into why
(other topics have done that, with a good amount of arguing about fault). Don’t need more.

sorry .. i’m sure i wasn’t clear ..

i didn’t think of the FBI’s changed statistics, OR K Harris’ recent news events .. i was thinking about how multiple closed businesses affect ordinary people, jobs+morale, and wondering how many more closures will follow?

Recently, LISTERIA OUTBREAKS are chausing havoc. Lots of financial loss to be expected there.
i haven’t heard what expectations are for that part. The hurricanes leave a mark, too.

Ben Shapiro’s opinions:

Has The FBI Been Lying About Crime Stats?

Description:
In this segment, Ben discusses potential doubts about the FBI's crime statistics and the relation between the ‘Ferguson effect’
and cops doing their duties.

He also covers Tim Walz's questionable knowledge of economics.

For this topic, i’m still not interested in the whys+wherefores, but, do as you want.

i’ve seen so much business close in my county - since 2008 - i’m no longer anything other than tired of it.
and sad. very sad. esp wrt to one special bookstore. almost all are gone. one was extra-special.
not a chain.

[ohio jones]

This topic is to note closing, downsizing, bankruptices, esp unnerving in businesses one might guess would be thriving
(like recently expanded Walgreens).

Kmart (last full-size store in the US)
https://apnews.com/article/kmart-closin ... efcf0528b4

Sears (nine stores left)
https://brostocks.com/2024/09/26/how-ma ... -are-left/

Rite Aid
https://ohiocapitaljournal.com/2024/08/ ... -michigan/

Big Lots
https://www.cbsnews.com/news/big-lots-s ... ures-2024/

[Ken]

This topic is to note closing, downsizing, bankruptices, esp unnerving in businesses one might guess would be thriving
(like recently expanded Walgreens).

Kmart (last full-size store in the US)
https://apnews.com/article/kmart-closin ... efcf0528b4

Sears (nine stores left)
https://brostocks.com/2024/09/26/how-ma ... -are-left/

Rite Aid
https://ohiocapitaljournal.com/2024/08/ ... -michigan/

Big Lots
https://www.cbsnews.com/news/big-lots-s ... ures-2024/

KMart, Seart, and Rite Aid were most definitely driven into the ground by private equity and hedge funds that were more interested in looting them than managing them. I think Eddie Lampert had his hands on both the KMart and Sears debacles. He might be single-handedly responsible for more store closings and job losses than any other human alive. Rite Aid was deeply implicated in the Opioid scandal that ravaged the country a decade ago. They bought out a good local pharmacy chain in the Northwest called Bartells and then promptly ruined it. I don't know the story of Big Lots but it is probably similar.

[temporal1]

This topic is to note closing, downsizing, bankruptices, esp unnerving in businesses one might guess would be thriving
(like recently expanded Walgreens).

Kmart (last full-size store in the US)
https://apnews.com/article/kmart-closin ... efcf0528b4

Sears (nine stores left)
https://brostocks.com/2024/09/26/how-ma ... -are-left/

Rite Aid
https://ohiocapitaljournal.com/2024/08/ ... -michigan/

Big Lots
https://www.cbsnews.com/news/big-lots-s ... ures-2024/

^^Thanks. This is what i had in mind for this topic.

Conn’s Home Plus
https://tasteofcountry.com/conns-home-p ... -location/

11 retailers at risk of bankruptcy in 2023
From Joann and Rite Aid to Petco and The Container Store, here’s who’s most at risk in the next 12 months.
https://www.retaildive.com/news/retaile ... 23/694548/

[temporal1]

PPG
Major paint company to lay off 1,800 workers, close facilities
https://www.foxbusiness.com/markets/maj ... facilities

20 Big Brands Closing the Most Locations in 2024
https://financebuzz.com/brands-closing-most-locations

Major banks closed 46 branches in just two weeks - is yours affected?
https://www.dailymail.co.uk/galleries/a ... ected.html

[temporal1]

i believe there are numerous examples to add to this topic.
i’m thinking of listing names without links, i haven’t gotten that far.

i’m wondering if msm is “going light” on what is usually featured as very bad news, due to the upcoming election?
i’m afraid the mind-numbing mania surrounding the election will be followed by sad news and tougher times for many-many out of work people.

Tupperware
“Court approves Tupperware's sale to lenders, paving way for brand's exit from bankruptcy”
https://apnews.com/article/tupperware-b ... 4a1cb4d642

.. Tupperware agreed to the lender takeover last week, pivoting from a previously planned asset auction.
The brand said it expects to operate as The New Tupperware Co. upon completion of the deal.

Going forward, customers in “global core markets” will be able to purchase Tupperware products online and through the brand's decades-old network of independent sales consultants, but the new company is set to be “rebuilt with a start-up mentality,” Tupperware said.

The specifics of how that will look are unclear.
Tupperware did not immediately respond to The Associated Press' requests for further comment Tuesday.

Tupperware once revolutionized food storage, with the brand's roots dating back to a post-World War II mission of helping families save money on food waste with an airtight lid seal. The plastic kitchenware saw explosive growth in the mid-20th century, notably with the rise of direct sales through “Tupperware parties." ..