FINANCE

Exodus of big-box stores leaves gaping holes in Las Vegas retail scene

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( Las Vegas Review Journal ) More big-boxes were empty during the recession than today, real estate pros say, and supersized stores still are getting built. But vacancies persist.

There are 107 empty retail spaces in the valley that are at least 10,000 square feet each, according to brokerage Sage Commercial Advisors. Forty of the vacancies are at least 30,000 square feet.

All told, the typical grocery-anchored shopping center — a staple of American suburbia — that many people grew up with is “in trouble,” said broker Rob Moore of Sun Commercial Real Estate.

Asked if he has any listings with an empty big-box, he said he didn’t, “thank God.”

CLOSE ’EM UP

Las Vegas’ once-battered real estate market and broader economy are on stronger footing amid rising employment and tourism. But closures by national retailers keep coming.

Macy’s said last month that it was closing 68 stores, including one at Boulevard Mall. The next day, Sears Holdings Corp. said it was closing 150 stores, including a Kmart in Henderson. And two weeks after that, the Review-Journal reported that Save-A-Lot would close its four Las Vegas groceries as it exits Nevada and California.

Meanwhile, sporting-goods chain Sports Authority went bankrupt last year, followed by rival Sport Chalet’s parent weeks later. Both had stores in the valley.

Those followed waves of grocery closures here in 2014 and 2015, when Albertsons shuttered some stores, Food 4 Less closed several outlets, Haggen filed for bankruptcy and Fresh & Easy shut down.

READ MORE: Exodus of big-box stores leaves gaping holes in Las Vegas retail scene

 

 

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TRUMP BOOM! FEB. MANUFACTURING INDEX HIGHEST IN 33 YEARS – BEST NUMBER SINCE 1983 AND REAGAN

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The Philadelphia Fed reported on Thursday that manufacturing index in February soars to 33-year-high under Trump – Best numbers since 1983 and Reagan.

Charles Payne reported the news today on FOX Business Channel:

Charles Payne: I will say there is a lot of evidence building that the American renaissance in manufacturing has begun. Now you and I are both nerds so I was extremely excited when the empire fed came out for manufacturing in New York. That was on Wednesday. Yesterday, the Philly Fed report was mind-boggling. Neil, I went through all the data and I had to go back to 1983 for a higher number. It is mind-boggling! This is not symptoms. These are manufacturers and their orders are coming in HUGE!

 

 

 

VIDEO: IVANKA FANS ARMED WITH CASH DITCH NORDSTROM FOR DILLARD’S -LAURIE RAY AND HER FRIENDS POST THEIR VIDEO

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Ivanka Boycott

Trump supporter Laurie Ray posted a video on Facebook of herself and seven other women — some wearing shirts with photos of President Donald Trump that say “Haters Gonna Hate” — walking into a Nordstrom in Chandler, Arizona, with handfuls of cash to cancel their accounts and shop instead at Dillard’s, The Daily Mail reported. ( Daily Mail DELETED the article )

“I’ve been shopping at Nordstrom for 30 years,” one woman in the video says, speaking into a telephone. “Because of your decision to drop Ivanka Trump, I will no longer shop at your store, nor will my husband or our nine children or our eight grandchildren.”

“A big group of us are meeting at Nordstrom’s to cancel our accounts, than [sic] to lunch at Cheesecake Factory,” Ray said in a Facebook post on Tuesday. “Afterwards we are headed to Dillard’s to #buyivanka and open up accounts there.”

Check  Laurie Ray Facebook .

 

 

 

 

 

 

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WARREN BUFFETT EATS McDONALD’S FOR BREAKFAST EVERYDAY…AND DRINKS SEVERAL CANS OF COKE DAILY

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Warren Buffett drinks several cans of Coke a day.

 

Warren Buffett, 86, eats McDonald’s for breakfast EVERYDAY and drinks several cans of coke daily.

 

( CNBC ) Investing legend Warren Buffett has an estimated net worth of $74 billion, making him the third richest man in the world. But you’d never know it from his lifestyle.

The 86-year-old billionaire still lives in the five-bedroom home in Omaha, Nebraska, that he bought in 1958 for $31,500. And he never spends more than $3.17 on breakfast.

On his five-minute drive to the office, which he’s been doing for the past 54 years, Buffett stops by McDonald’s and orders one of three items.

“I tell my wife, as I shave in the morning, I say, ‘Either $2.61, $2.95 or $3.17.’ And she puts that amount in the little cup by me here [in the car],” he explains in HBO’s documentary, “Becoming Warren Buffett,” which debuted Monday.

Each amount corresponds with a different option at McDonald’s.

“When I’m not feeling quite so prosperous, I might go with the $2.61, which is two sausage patties, and then I put them together and pour myself a Coke,” he tells director Peter Kunhardt in the documentary.

“$3.17 is a bacon, egg and cheese biscuit, but the market’s down this morning, so I’ll pass up the $3.17 and go with the $2.95.”

SOURCE: Warren Buffett eats the same thing for breakfast every day and it never costs more than $3.17

 

 

IS NORDSTROM NEXT? TARGET, KELLOGGS SUFFER AFTER MIXING BUSINESS WITH POLITICS, IS NORDSTROM NEXT?…WITH ONGOING BOYCOTT, HOPE SO!

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( Breitbart ) Last year, Kelloggs decided to remove ads at Breitbart after pressure from liberals. In response,  Breitbart News launched its #DumpKelloggs petition, which has been signed by more than 430,000 people.

News today: Kellogg’s is shutting down 39 distribution centers across the country, the embattled cereal giant announced this week.

READ MORE: Kellogg’s Layoffs Could Top 1000

 

 

Target courageously announced their transgender bathroom last year believing the whole country, being under eight years of Obama non-stop gaydoctrination, would rejoice at such progressive breakthrough in the retail industry. To their shock, millions decided to boycott the store resulting to an unexpected financial blow  they did not see coming.

( Breitbart ) Target announced the end of two projects as the stock price hit $64.77 at market close on Feb. 8. That’s down from $83 when the boycott began once the company made its transgender policy change on April 19. The stock price drop has slashed roughly $10 billion from the company’s value on Wall Street.

Target announced it was shutting down a project billed as the “Store of the Future.”

READ MORE:

Target Abruptly Shuts Expansion Projects amid Boycott…

…Stock Value Down $10B Since Start of Trans Bathroom Fight

 

Exclusive — Women Nationwide Cut Up Nordstrom’s Cards, Plan Boycotts After Political Decision to Drop Ivanka Trump Line

( Breitbart ) Retail department store Nordstrom’s decision last week to cut first daughter Ivanka Trump’s fashion line has sparked a tremendous backlash from consumers—especially women—who say the company’s move has led them to boycott the store and cut up their Nordstrom’s cards.

READ MORE: Exclusive: Women Nationwide Cut Up Nordstrom’s Cards, Plan Boycotts After Political Decision to Drop Ivanka

 

 

 

WHY IVANKA SHOULD OPEN HER OWN STORES: SHE DOESN’T NEED NORDSTROM, DISCOUNT STORES TJ MAXX AND MARSHALLS AND OTHER HATERS – WE JUST NEED IVANKA STORES TO OPEN NATIONWIDE

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It’s time for Ivanka Trump to open her own stores – she has her flagship store at Trump Tower but that’s not enough. Louis Vuitton, Chanel, Prada, Tiffany & Co., Michael Kors and other high end brands, they have their own stores all over the country. Ivanka should do the same thing. She could even open Ivanka stores at hotel casinos in Las Vegas like Wynn, Caesars or Palazzo.

The Trump haters in retail industry like Nordstrom, Neiman Marcus, TJ Maxx and Marshalls are going to grow and they are just getting started. Although there are 800 retailers carrying her brand,  she should expect more haters to follow suit at any moment. Ivanka is her own brand, she doesn’t need these stores. Ivanka already has millions of followers on social media but are not exposed to her clothing line. She has great products – not ridiculously priced but very good quality – and I bet many will support her because of that.

Her clothing line reflects Ivanka – young, elegant glamour – and that’s exactly what most women want when it comes to fashion. Like what Ivanka told  InStyle.com  during an exclusive interview in 2011:

I wanted to build a strong and sustainable collection that is not overly trend-conscious. I wanted  timeless glamour.”

 

 

 

 

NORDSTROM PRESIDENTS -BROTHERS PETER, ERIK, BLAKE- CRITICIZED TRUMP ON IMMIGRATION VETTING BEFORE DROPPING IVANKA

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( Daily Mail ) The presidents of Nordstrom sent an email criticizing President Donald Trump’s ban on immigrants from seven Muslim-majority nations entering the United States just days before the retail giant dropped Ivanka Trump’s clothing line.

In the note, brothers Peter, Erik, and Blake Nordstrom told employees of the company that they would do all they could to help those who might be impacted by the ban while celebrating the many things the immigrant community have contributed to the retailer over the years.

The Nordstrom brothers also pointed out that the company was founded by an immigrants, their great grandfather John.

Two days later, the Seattle-based retailer announced that they would no longer be carrying Ivanka Trump’s line of clothing, handbags, shoes and accessories.

 

READ MORE: Nordstrom bosses sent strongly worded memo criticizing President Trump’s Muslim travel ban to all staff TWO days before dropping Ivanka’s line

 

Criticism: Two days prior the three co-presidents of the company sent an email to all staff criticizing President Trump's ban on immigrants from seven Muslim nations (above)

 

Nordstrom bosses criticized Trump before dropping Ivanka