In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The existence of next generation payment mediums like Bitcoin and market-based lending like portfolio loans will make for extreme economic volatility. Nothing, it seems, will stay the same in today’s economy of destruction.
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It looks as if holiday shopping season 2014 could be something of a bust. That means 2015 could become a very ugly year for department stores with lots of store closings, cutbacks, restructuring, layoffs, and losses. The retail recovery could be turning into a retail apocalypse for the department store industry.
Read MoreDollar General is doing well right now, but the geniuses at its headquarters have figured out how to wreck the company: spend a fortune acquiring a failing rival for no reason. Worse, that acquisition would require them to essentially gut a successful existing business for dubious gains.
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The truth is that neither Dollar Tree nor Dollar General needs Family Dollar. Both chains are doing well and making money without Family Dollar and its problems. A far better strategy for these two companies would be to let Family Dollar collapse and pick over its carcass.
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It looks as if Obamacare could be changing the retail landscape by expanding Medicaid. That expansion seems to be driving customers to stores with pharmacies and leaving traditional dollar stores high and dry. One wonders how long Walgreen can continue to profit from that upheaval and how long before Kroger, CVS Health, and Walmart Stores Inc. start expanding their Medicaid business.
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