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Sunday, February 2, 2020

CNBC-On-Line Click Bait -- I'll Save You The Time -- You Can Thank Me Later -- February 2, 2020

Wow, talk about click bait.

This was the headline:


Link here.

Here are the key points:
  • In the last decade, numerous retail chains have filed for bankruptcy protection twice. 
  • Examples include Barneys New York, RadioShack, Wet Seal and American Apparel. 
  • It’s a scenario that’s getting more common for traditional retailers as they find themselves under pressure from a sea change in where and how people are shopping.
So, I was expecting to see some major retail stores that could blame their misfortunes on Amazon.

Not.

Radio Shack was on the list. Seriously? I did not even know Radio Shack was still in business. 

First one on the list: Fairway Market. It must be a New York thing. Our grocery stores in Texas are doing great.

Second, Payless ShoeSource. Seriously? Too many people buying their shoes on line? I don't "buy" it; no pun intended.

Third, Barney's New York -- back to New York.

Fourth, Gymboree. I'm going to quit. If these are the companies CNBC is using as examples of how "bad" Amazon is, I'm not convinced.

Click bait. 

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