“…we are currently targeting between 200 and 300 Sears and Kmart stores will be sold to the REIT. It’s premature to address possible stores that would be included.”-Howard Riefs, Sears Holdings
“We have made progress and are proceeding toward its [REIT] formation and separation, which is projected to occur in May or June this year.”- […] Continue Reading…
03 March 2015 (16:22 UTC-07 Tango 01)/12 Jumada I-Ula 1436/12 Esfand 1393/13 Ji Mao 4713
Not even two months after making investors happy and suddenly exiting the Canadian market (and killing off 17-thousand jobs overnight), and not even one week after killing off 550 jobs at its Minnesota HQ, Target announces “several thousands” of job cuts for the United […] Continue Reading…
“These stores didn’t close because they were poor performing. In fact they were good performing stores, they were good markets for us. The value for early termination of our lease that we were being offered was significant. In round numbers probably 20 times what we could have made in net profit over the course […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
California: Dreamworks Animation issued several WARNs saying 517 people working in Redwood City and Glendale will become unemployed in April! In Modesto, Obama Care forcing rehab center operator Centrex to issue a WARN saying they are shutting down by August, 163 jobs lost! In Bellevue just north of […] Continue Reading…
Incomplete list of announced United States food supply shutdowns for the month of February, 2015: Many food suppliers/distributors are consolidating operations and killing jobs due to the collapsing grocery store and restaurant industries, as well as rising costs of food production.
The U.S. Department of Agriculture’s (USDA) February Outlook for U.S. Agricultural Trade shows continuing […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
California: The day after I wrote that state Employment Development Department stopped posting WARNs, BOOM, now there’s a whole lotta new WARNs posted! Apparently a lot of companies were late in notifying state administrators about their layoffs and shutdowns! In Santa Monica, International Coffee & Tea issued a […] Continue Reading…
Despite shutting down stores and laying off thousands of people over the years, supposedly because of lack of money, it was revealed that Kmart gave $17.5-million USD to Saint Jude Children’s Research Hospital at the end of 2014. In exchange one of the hospital campus buildings was named after Kmart.
In Florida, the property where […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
What housing market recovery? “The number of future foreclosure auctions scheduled in January continued to increase in many states, foreshadowing more foreclosure spring cleaning to come in the next several months…”-RealtyTrac
Arizona: What building construction industry recovery? The Grand Canyon State lost 43-hundred construction jobs in 2014, the […] Continue Reading…
24 February 2015 (17:27 UTC-07 Tango 01)/05 Jumada I-Ula 1436/05 Esfand 1393/06 Wu Yin 4713
“The identity of the kidnappers is not yet known, but in general when foreigners are kidnapped it is a hallmark of al-Qaeda.”-Colonel Mohammad Hizam, Yemen Interior Ministry
Ever wonder why so many ‘western’ citizens are being kidnapped inside countries torn apart by civil wars? […] Continue Reading…
“Be very careful when someone says they’ve extended the life expectancy by 20 years in Afghanistan. That’s baloney! They don’t collect data. They don’t collect birth and death rates…..The American taxpayer deserves an answer.”-John Sopko, U.S. Special Inspector General for Afghanistan Reconstruction (SIGAR)
Balkh Province: Germany announced it will force its taxpayers to pay for building […] Continue Reading…