Join (Free!) | Login  

     Popular! Books, Stories, Articles, Poetry
   Services MarketPlace (Free to post!)
Where Authors and Readers come together!


Featured Authors:  A. Bell, iSteven Holley, iTerry Vinson, iDebby Rosenberg, iMarty Young, iDan Ronco, iByron Edgington, i

  Home > Mainstream > Articles Popular: Books, Stories, Articles, Poetry     
Jerry Aragon Ph.D (Phunny humor Doctor)

· Become a Fan
· Contact me
· Sponsor Me!
· Success story
· Books
· Articles
· News
· Blog
· 383 Titles
· 130 Reviews
· Save to My Library
· Share with Friends!
Member Since: Before 2003

Jerry Aragon Ph.D (Phunny humor Doctor), click here to update your pages on AuthorsDen.

Featured Book
Tempest's Gift
by Robin Leigh Miller

Elemental Challanges Series..  
BookAds by Silver
Gold and Platinum Members

Featured Book
Blademaster of Norda
by Jacamo Peterson

Great Fantasy Sword and Sorcery Tale,Dragons and Dark Forces and of course Heros!..  
BookAds by Silver
Gold and Platinum Members

   Recent articles by
Jerry Aragon Ph.D (Phunny humor Doctor)

St. Jude Children's Hospital (Partners In Hope)
HUMOROUS Exercise Quotes and One-liners
SPORTS and CABLE Are Out Of My Life!
ORGAN DONOR; Celebrate the Gift of Life
eBOOK; Along the Bumpy Road of Life...
To PLAN, Therefore I Am!
EXCUSE ME While I Step On a Few Toes
GREETINGS; From the IRS...(TM)
Dear Primary Doctor; 'YOU'RE FIRED'...
The I.R.S. Wants YOU! (Policy Page)
           >> View all

GREED! Time To Board Up the Windows...
By Jerry Aragon Ph.D (Phunny humor Doctor)   
Rated "G" by the Author.
Last edited: Tuesday, January 17, 2012
Posted: Wednesday, December 28, 2011

Share    Print   Save    Become a Fan

LEAVE IT ON THE SHELF TO an article is an article I wrote, describing the greed in this country, and encouraging consumers to leave it on the shelf to rot! And, I don't care what the product or service is...leave it on the shelf.

Greedsters in the corporate world, would rather close stores, than to lower their prices!  I get a chuckle everytime I see a store boarded up...whether it's a burger joint or some other kind of business. 

In 2011, during the Age of Greed...corporate greedsters are not happy in making millions of dollars for their greedy stock-holders.  There interested in making billions in a quarter! 

Albuquerque, New Mexico is a city of about 500,000 population, and we had three indoor shopping malls, with about over 200 stores each...Coranado; Cottonwood Center; and Winrock Center.  Winrock has been closed about five years, and what the investors are going to do with the property, is anybody's guess.  In my view, indoor shopping malls, have always been the epicenter of greed. With the coming of the Internet, there will sure to be other casualties in the retail industry.  (my heart bleeds for these greedsters).  Today (2011), everybody's on the greed wagon...

The following article was written by   Amorel Kenna of the Bloomsberg News, and the piece was published in the Albuquerque Journal on December 28, 2011.   The headline reads;

"Sears, Kmart To Close Up To 120 Stores"

The sub-title reads;

"Holiday Sales Slide Spurred Decision" and the articles reads; 

"Sears Holdings Corporation...the retailer controlled by hedgefund manager Edward Lampert, wil close as many as 120 Kmart and Sears full-line stores after sales of consumer electronics declined in the holiday shopping period. 

The closures will  generate $140 million to $170 million of chas from sales of inventory and the leasing or sales of the locations, the Hoffman Estates, Ill. based company said in a statement. 

The company has yet to determine which stores will  close but said it will post on their website, when the final list is compiled.  The company would not discuse how many, if any, jobs would be cut.

Sears has more than 4,000 stores in the United States and Canada, including 15 Kmart locations and about six full-line stores in New Mexico.  (I live in New Mexico)  The company will record total non-cash charges of as much as $2.4 billion in the foruth quarter related to a valuation allowance and goodwill impairment. 

Lampert, who along with his hedge fund owns 60 percent of Sears, has presided over 18 consectutive quarters of declining sales.  Before Tuesday's announcment, Sears had closed 171 of its large U.S. stores since merging with Kmart in 2005.  To revive growth, Lampert has been leasing space to other retailers, accelerating franchising and turning to smaller store formats. 

Total same-store sales fell, 5.2 percent in eight weeks ended Dec. 25, according to the statement.  Comparable sales at Sears namesake locations dropped 5 percent, driven by declines in consumer electronics and home appliance categories.  Sales at Kmart fell 4.4 percent.  As a result, earnings before interest, depiciation and amortization in the fourth quarter will  be less than half of last year's $933 million.

The company also expects to reduce 2012 peak domestic inventory by $300 million according to the statement.  Sears is scheduled to report fourth-quarter earnings in February, 2012. 


My heart bleeds for these greedsters!

Albuquerque is no different that any other medium-sized city.  We have lost the likes of General Electric; Motorola; Digital, Martin-Marietta; Trend; Seimens; AOL; Penny Call Center and many others.  At the height of its peak, Intel on the west side, had about 7,500 employees...and in 2011...the company is down to less than 2,000 employees.  I don't expect to see Intel in town much longer...the party's over...

SITE MAP For Hopelessly Lost Souls;
Copyright; Jerry Aragon; 2011; The Humor Doctor;


Web Site: humordoctormd

Want to review or comment on this article?
Click here to login!

Need a FREE Reader Membership?
Click here for your Membership!

Different Roads by Joyce Scarbrough

New edition coming soon! This is my second novel. Chapter One is available as free download, and Chapter Two is posted in the Short Story section. How many of us ..  
Featured BookAds by Silver
Gold and Platinum Members

Petoskey Stones by Lois Santalo

In the second and third generation of women who grew up in the house called Stormland, there is much dysfunction. Rebellious Della Eloise, or Weezy, the grandchild of young Edgar,..  
Featured BookAds by Silver
Gold and Platinum Members

Authors alphabetically: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Featured Authors | New to AuthorsDen? | Add AuthorsDen to your Site
Share AD with your friends | Need Help? | About us

Problem with this page?   Report it to AuthorsDen
AuthorsDen, Inc. All rights reserved.