Magazines follow

Popular Photography Magazine being nearly 80 years now, one of the world's most widely circulated photography print publications, is closing.

The upcoming March/April issue will be last one, and as of Friday, March 10th, no new content will be published on PopPhoto.com.

Pop Photo's sister publication, American Photo Magazine, had been Web-only for the past couple of years; it will also stop updating its website as of this coming Friday.

Sears going down.

Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern.

Payless Inc, discount shoe chain, is preparing to file for bankruptcy as soon as next week, company is initially planning to close 400 to 500 stores as it reorganizes operations. Payless had originally looked to shutter as many as 1,000 locations

The current situation on this planet is unsustainable. All out of control animal populations eventually self-correct. Humans will be no exception except in our case it will be orchestrated by our own kind...

Humans are different from rats in that they learn and adapt nature. And I agree, unsustainable situation, but not in a way of too many people, but in a way of too many capitalists (anything more than 0 is too many).

@aaee991 - I get this completely. I had a gig coaching bridge players at a nursing home. Because the knowledge is specialized and now rare, the hourly rate is good. I terminated the arrangement because they would not pay in a timely manner. During this period, the kitchen was contaminated and a quarantine was imposed for two weeks. This facility has the highest monthly rate in the city, and they regularly turn over the general manager. My point is that your customers may be telling you the truth. It's hard to find any business that has good margins and a sustainable cash flow. For all future production work, the client will pay a retainer for work without a quote. With a quote, they pay the amount of the quote or actual time, whichever is less, but with 50% up front, the remainder due before they receive a full-resolution version without a watermark. If they really want the goods, they have to pay. If they don't, well, I can get by without them.

@robertGL

Capitalism sets records in producing entropy.

http://www.personal-view.com/talks/discussion/8657/technical-progress-is-needed-to-allow-us-to-produce-more-entropy/p1

Another look in the future

New updates

Sears Holdings — the parent company of Sears and Kmart — announced on Friday that it will shutter eight of its namesake Sears department stores and 35 Kmart locations, adding to the list of 236 stores Sears has announced plans to shut down in 2017.

Sears warned in March that the company has “substantial doubt” about its ability to remain in business.

also

Ascena Retail Group — which owns the Ann Taylor, Dress Barn, Loft, Lane Bryant, Justice, Maurices and Catherines stores — plans to shutter between 250 and 650 locations over the next two years.

@robertGL

Amerzon about to build a 5 billion dollar facility.. somewhere, probably where the biggest tax breaks reside

Yep, just business here is simple, first they force to close 4x amount of such facility volume retail, and after this will build it using special agreement with local government that give them 10-25 years of tax breaks and special subsidy for construction.

Official PR

WAYNE, NJ – September 18, 2017 – Toys“R”Us, Inc. (“the Company”) today announced that the Company and certain of its U.S. subsidiaries and its Canadian subsidiary have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond, VA. In addition, the Company’s Canadian subsidiary today intends to seek protection in parallel proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) in the Ontario Superior Court of Justice. The Company intends to use these court-supervised proceedings to restructure its outstanding debt and establish a sustainable capital structure that will enable it to invest in long-term growth and fuel its aspirations to bring play to kids everywhere and be a best friend to parents.

The Company’s operations outside of the U.S. and Canada, including its approximately 255 licensed stores and joint venture partnership in Asia, which are separate entities, are not part of the Chapter 11 filing and CCAA proceedings.

https://www.toysrusinc.com/press/toysrus-inc-commences-court-supervised-processes-to-implement-financial-restructuring

Sears has another 63 stores targeted for closure early next year.

Sears Holdings has already closed more than 350 Sears and Kmart stores this year. An additional 45 Kmart stores and 18 Sears stores will be closing in late January 2018, the company said Thursday.