Elsewhere we have Dollar Stores and Family Dollar stores. I wonder if 99 cents only stores have been bought out. Dollar stores are quite plentiful here in MI.
“We need something. We got a lot of new restaurants coming into town, new businesses. But, we’re losing businesses at the same time too,” Barbara Krause said.
I was struck by this. Now only one grocery store instead of two, but new restaurants, a lot of new restaurants.
You mentioned a collapse in one of you reply comments...but a lot of new restaurants doesn't seem like a collapse, exactly, though of course restaurants are would be more vulnerable to collapse than grocery stores...
This breaks my heart as it is the end of an era. Loved the 99 cent stores even though haven't been to one since before covid hit. Used to follow the 99 cent Chef blog, he was fun and had good recipes too. In 2020 99 cent stores were bought for $1.6 Billion by Ares Management and Canada Pension Plan Investment Board (some people call them a hedge fund, I dunno). Anyway seems like such debt to buy the stores and the hit from covid shutdowns along with the demise of cheap goods in our current economy and voila another one bites the dust. Sign of the times sigh.
If they want to stay in business, they need to switch their name to the "$2.50 store;-) But at the present rate of inflation, 6 months from now, it would then have to become the $5.00 store.
Hence, the TRUE rate of inflation will be exposed;-) Someone must've paid them off to close up shops rather than fully show they public what the Brandon admin is hiding.
when you think of who would riot, it is the most desperate people. the poorest will be the most desperate as their options become more and more limited. My grandfather had an expression, I'm sure he read somewhere. "When your neighbor is out of a job, it's a recession, when you are out of a job, it's a depression."
A "chain" close like 99 (and now some dollar stores too) can empty the shelves fast. They are a good example, as was covid. Please everyone, have some foood & water in your home. Some of my family is in the grocery store biz. If the trucks stop running, there is approx a 3-7 day supply of food in most places. That is how distribution/storage works.
I think it was Dollar Tree that went to $1.25 a year or two ago, used to buy a gallon of bleach there for 1.00 then 1.25 and after that they shrunk the size by half ( you do the math) so now I get the bleach at Big Lots when there is a coupon ⚠️
Short answer..yes. but the grocery stores will go quicker cause of looting
Elsewhere we have Dollar Stores and Family Dollar stores. I wonder if 99 cents only stores have been bought out. Dollar stores are quite plentiful here in MI.
“We need something. We got a lot of new restaurants coming into town, new businesses. But, we’re losing businesses at the same time too,” Barbara Krause said.
I was struck by this. Now only one grocery store instead of two, but new restaurants, a lot of new restaurants.
You mentioned a collapse in one of you reply comments...but a lot of new restaurants doesn't seem like a collapse, exactly, though of course restaurants are would be more vulnerable to collapse than grocery stores...
This breaks my heart as it is the end of an era. Loved the 99 cent stores even though haven't been to one since before covid hit. Used to follow the 99 cent Chef blog, he was fun and had good recipes too. In 2020 99 cent stores were bought for $1.6 Billion by Ares Management and Canada Pension Plan Investment Board (some people call them a hedge fund, I dunno). Anyway seems like such debt to buy the stores and the hit from covid shutdowns along with the demise of cheap goods in our current economy and voila another one bites the dust. Sign of the times sigh.
If they want to stay in business, they need to switch their name to the "$2.50 store;-) But at the present rate of inflation, 6 months from now, it would then have to become the $5.00 store.
Hence, the TRUE rate of inflation will be exposed;-) Someone must've paid them off to close up shops rather than fully show they public what the Brandon admin is hiding.
Are you back in the U.S.?
when you think of who would riot, it is the most desperate people. the poorest will be the most desperate as their options become more and more limited. My grandfather had an expression, I'm sure he read somewhere. "When your neighbor is out of a job, it's a recession, when you are out of a job, it's a depression."
A "chain" close like 99 (and now some dollar stores too) can empty the shelves fast. They are a good example, as was covid. Please everyone, have some foood & water in your home. Some of my family is in the grocery store biz. If the trucks stop running, there is approx a 3-7 day supply of food in most places. That is how distribution/storage works.
I was talking to a friend from GA and she mentioned the stores closing she said people waited for “HRS” to pay
gotta love MSM propaganda telling us 'the economy is great, so why are people feeling pessimistic?'
I honestly despise these ppl...
I think it was Dollar Tree that went to $1.25 a year or two ago, used to buy a gallon of bleach there for 1.00 then 1.25 and after that they shrunk the size by half ( you do the math) so now I get the bleach at Big Lots when there is a coupon ⚠️
If you want to see store shelves emptying in total panic, watch what happens in Seattle when the tv weatherman says it’s going to snow.