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(Marketwatch)   Fail into the Gap   (marketwatch.com) divider line 19
    More: Fail, estimates  
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2599 clicks; posted to Business » on 11 Jan 2014 at 11:56 AM (45 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



19 Comments   (+0 »)
   
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2014-01-11 10:31:09 AM  
Retail seems to be the last part of the recovery that is still waiting to happen. (and umm, jobs....)
 
2014-01-11 11:24:07 AM  

edmo: Retail seems to be the last part of the recovery that is still waiting to happen. (and umm, jobs....)


It'll be a while.  The US has somewhere on the order of 30 sq ft of built retail floor space per capita. That's more like 15 in Canada, 7 in Australia, 2-3 in France, 1-2 in Italy or Japan, and ~0.5 in many middle income (Turkey, Malaysia, etc) level countries.  And the US is more online-shopping happy than many other countries.  We're still champion-grade consumers, but there's only so far that can go.
 
2014-01-11 12:00:23 PM  

Lawnchair: edmo: Retail seems to be the last part of the recovery that is still waiting to happen. (and umm, jobs....)

It'll be a while.  The US has somewhere on the order of 30 sq ft of built retail floor space per capita. That's more like 15 in Canada, 7 in Australia, 2-3 in France, 1-2 in Italy or Japan, and ~0.5 in many middle income (Turkey, Malaysia, etc) level countries.  And the US is more online-shopping happy than many other countries.  We're still champion-grade consumers, but there's only so far that can go.


We've also managed to raise a generation of people that assume that demand is infinite, no matter how low wages go. It's kind of scary really.
 
2014-01-11 12:07:12 PM  

Lawnchair: edmo: Retail seems to be the last part of the recovery that is still waiting to happen. (and umm, jobs....)

It'll be a while.  The US has somewhere on the order of 30 sq ft of built retail floor space per capita. That's more like 15 in Canada, 7 in Australia, 2-3 in France, 1-2 in Italy or Japan, and ~0.5 in many middle income (Turkey, Malaysia, etc) level countries.  And the US is more online-shopping happy than many other countries.  We're still champion-grade consumers, but there's only so far that can go.


Retail has the same over capacity problems that the airlines used to have.

There will be several more bankruptcies before it turns around. Sears/Kmart, JC Penny, and Toys r us are likely candidates.
 
2014-01-11 12:15:51 PM  
rlv.zcache.com
 
2014-01-11 12:36:45 PM  

MFAWG: We've also managed to raise a generation of people that assume that demand is infinite, no matter how low wages go. It's kind of scary really.


It's also scary how much cargo-cult/totemic value we've placed on retailing.  The 'American Dream' is largely wrapped up in "I want to sell...", not "I want to make/do....".  Every burb and hamlet thinks MOAR RETAIL is going to pull them out of the doldrums. They bend over backwards and claw each other begging for it. Like people will be coming from 50 miles away to come to their Kohls or Petco, because.

It's a tertiary industry.
 
2014-01-11 12:42:17 PM  
So apparently the GAP has become a chasm.  And for investors a potential money pit.
 
2014-01-11 12:50:30 PM  

runwiz: So apparently the GAP has become a chasm.  And for investors a potential money pit.


My ex also fits this description.
 
2014-01-11 02:41:50 PM  

MFAWG: Lawnchair: edmo: Retail seems to be the last part of the recovery that is still waiting to happen. (and umm, jobs....)

It'll be a while.  The US has somewhere on the order of 30 sq ft of built retail floor space per capita. That's more like 15 in Canada, 7 in Australia, 2-3 in France, 1-2 in Italy or Japan, and ~0.5 in many middle income (Turkey, Malaysia, etc) level countries.  And the US is more online-shopping happy than many other countries.  We're still champion-grade consumers, but there's only so far that can go.

We've also managed to raise a generation of people that assume that demand is infinite, no matter how low wages go. It's kind of scary really.


That's what happens when you send your kids off to colleges to be taught by communists that can't make a living in the real world.  They come out "educated" in crap and then try to put it into practice.  We didn't have this problem when you learned business on the job as an apprentice
 
2014-01-11 03:19:10 PM  
What is not mentioned is that GE Capital did a mass cancellation of Gap/Old Navy/Banana Republic charge cards the week before Black Friday. That had to have a HUGE impact on sales.
 
2014-01-11 04:03:50 PM  

Lawnchair: edmo: Retail seems to be the last part of the recovery that is still waiting to happen. (and umm, jobs....)

It'll be a while.  The US has somewhere on the order of 30 sq ft of built retail floor space per capita. That's more like 15 in Canada, 7 in Australia, 2-3 in France, 1-2 in Italy or Japan, and ~0.5 in many middle income (Turkey, Malaysia, etc) level countries.  And the US is more online-shopping happy than many other countries.  We're still champion-grade consumers, but there's only so far that can go.


I dunno where you go those numbers, because they're not even close to correct.
 
2014-01-11 06:11:46 PM  
I'm not surprised. All they're selling these days is skinny jeans and sheer shirts with shoddy stitching (not remotely appropriate for work). Except for Banana Republic which will charge $100 for a pair of slacks. I mean, what the hell?
 
2014-01-11 09:28:09 PM  
Dude, sales were flat. This is only worrisome because a business journalist is writting about it. My sales were down because I couldn't get enough inventory, they simply couldn't increase the pace of people buying clothes as gifts.

I know they don't count giftcards until they're spent, but I'd think investors should be more interested in those. December sales turn into January returns, but December gift cards turn in sales for months to come.
 
2014-01-12 02:01:58 AM  
Rich people don't buy at the GAP. Wal-Mart people do on a good month. They need dress-up clothes for their annual Red Lobster dinner.
 
2014-01-12 05:37:17 AM  
Do people still shop at the Gap? Overpriced shiat of only slightly higher quality than Old Navy? Is the Gap still supposed to be where people with some money shop? No one I know has shopped at the Gap since the farking 90's.
 
2014-01-12 09:57:50 AM  

Smeggy Smurf: MFAWG: Lawnchair: edmo: Retail seems to be the last part of the recovery that is still waiting to happen. (and umm, jobs....)

It'll be a while.  The US has somewhere on the order of 30 sq ft of built retail floor space per capita. That's more like 15 in Canada, 7 in Australia, 2-3 in France, 1-2 in Italy or Japan, and ~0.5 in many middle income (Turkey, Malaysia, etc) level countries.  And the US is more online-shopping happy than many other countries.  We're still champion-grade consumers, but there's only so far that can go.

We've also managed to raise a generation of people that assume that demand is infinite, no matter how low wages go. It's kind of scary really.

That's what happens when you send your kids off to colleges to be taught by communists that can't make a living in the real world.  They come out "educated" in crap and then try to put it into practice.  We didn't have this problem when you learned business on the job as an apprentice


You do know that trade schools, which replaced apprenticeships, for the most part due to a standardization of methodology (in other words, everyone learns to fix things the same way instead of one guy teaching it his way, someone else teaching it a different way), are technically colleges, right? I think the word you were looking for in universities.
 
2014-01-12 12:33:09 PM  

Needlessly Complicated: I'm not surprised. All they're selling these days is skinny jeans and sheer shirts with shoddy stitching (not remotely appropriate for work). Except for Banana Republic which will charge $100 for a pair of slacks. I mean, what the hell?


It's too bad, because the old Gap original 5 buttons were pretty nice jeans. Pretty much exactly like the 60's cut 501s, alot of folks preferred them after Levis changed the 501 cut.
 
2014-01-12 01:03:08 PM  
The Gap hasn't sold relevant clothing for some time. They need to expand their demographic, as well as sizing.
 
2014-01-12 09:48:44 PM  
Came for subby's mom.

/who didn't?
//leaving disappointed.
/// who didn't?
 
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