I've seen flash looting mob videos before. What has fascinated me before about them is that although the electronics section, liquor, cigs and the like are absolutely devastated, the produce aisle in the Wal Mart looks absolutely untouched. This is not a sign of desperate starving people. If things go real south those flat screen tvs they're hauling out won't be worth a damned thing. These are not thinking people...
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.
Thanks for the information about Ares Management. I'm trying to wrap my head around the money market situation. I used to adore 99 Cents Only stores for the cheap thrill of seeing something, whether it was red wine, coconut oil or hummus, which I knew was massively discounted to 99 cents. Once they raised prices a few years ago it became less interesting to me. The coconut oil is $5.99 the same as any other store. I'm going to follow up and be watching this one closely, both on the ground reporting what I see and also following up on the debt markets. This could be a foreboding sign of a collapse to come. Stock up!
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.
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 ⚠️
Yes. The size thing has been happening for years. I remember when it started to happen they had multiple bars of Ivory soap. I knew they'd soon have fewer bars and stocked up a bunch. Yep, fewer and fewer over the years. Ivory is decent soap though there is a scent that a person might have problems with.
Then they had very sturdy plastic buckets and I got several since I use them a lot. They still have the buckets, but must thinner plastic and the handles don't always hold on.
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'm going to confirm that your numbers are correct. I'd say there's one week from 99 Cents Only announcement on Friday with fresh pallets dropped off that morning. If a new shipment hadn't arrived as recently 3-4 days would be about right.
In Las Vegas water is more paramount than food. We happen to live close to the Las Vegas watershed, one of the only year round water sources around here, but the area is a homeless encampment that my daughter calls zombieland. If everything stopped in the USA the detox from addictions would be the brutal first step methinks. Buckle up for a rough ride...
Short answer..yes. but the grocery stores will go quicker cause of looting
I've seen flash looting mob videos before. What has fascinated me before about them is that although the electronics section, liquor, cigs and the like are absolutely devastated, the produce aisle in the Wal Mart looks absolutely untouched. This is not a sign of desperate starving people. If things go real south those flat screen tvs they're hauling out won't be worth a damned thing. These are not thinking people...
No they are not. They are dependent on the govt with no hope..like children.
And like children, vegetables are the last things they would eat...
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.
Thanks for the information about Ares Management. I'm trying to wrap my head around the money market situation. I used to adore 99 Cents Only stores for the cheap thrill of seeing something, whether it was red wine, coconut oil or hummus, which I knew was massively discounted to 99 cents. Once they raised prices a few years ago it became less interesting to me. The coconut oil is $5.99 the same as any other store. I'm going to follow up and be watching this one closely, both on the ground reporting what I see and also following up on the debt markets. This could be a foreboding sign of a collapse to come. Stock up!
Yes indeed.
💯💯
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.
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 ⚠️
Yes. The size thing has been happening for years. I remember when it started to happen they had multiple bars of Ivory soap. I knew they'd soon have fewer bars and stocked up a bunch. Yep, fewer and fewer over the years. Ivory is decent soap though there is a scent that a person might have problems with.
Then they had very sturdy plastic buckets and I got several since I use them a lot. They still have the buckets, but must thinner plastic and the handles don't always hold on.
Are you back in the U.S.?
Yes. For the next little while...
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'm going to confirm that your numbers are correct. I'd say there's one week from 99 Cents Only announcement on Friday with fresh pallets dropped off that morning. If a new shipment hadn't arrived as recently 3-4 days would be about right.
In Las Vegas water is more paramount than food. We happen to live close to the Las Vegas watershed, one of the only year round water sources around here, but the area is a homeless encampment that my daughter calls zombieland. If everything stopped in the USA the detox from addictions would be the brutal first step methinks. Buckle up for a rough ride...
Yes. For you water is first!
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...
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.