Thread regarding Lowe's Cos. layoffs

Retail is Dying. Plan accordingly.

Here is an example of what retail has been:

Wal-Mart Profit Plunges By $220 Million as US Store Traffic Declines by 1.4%

Target Profit Plunges by $80 Million, 16% Lower Than 2013, as Store Traffic Declines by 2.3%

Sears Loses $358 Million in First Quarter as Comparable Store Sales at Sears Plunge by 7.8% and Sales at Kmart Plunge by 5.1%

JC Penney Thrilled With Loss of Only $358 Million For the Quarter

Kohl’s Operating Income Plunges by 17% as Comparable Sales Decline by 3.4%

Costco Profit Declines by $84 Million as Comp Store Sales Only Increase by 2%

Staples Profit Plunges by 44% as Sales Collapse and Closing Hundreds of Stores

Gap Income Drops 22% as Same Store Sales Fall

Ann Taylor Profit Crashes by 75% as Same Store Sales Fall

American Eagle Profits Tumble 86%, Will Close 150 Stores

Aeropostale Losses $77 Million as Sales Collapse by 12%

Big Lots Profit Tumbles by 90% as Sales Flat & Exiting Canadian Market

Best Buy Sales Decline by $300 Million as Margins Decline and Comparable Store Sales Decline by 1.3%

Macy’s Profit Flat as Comparable Store Sales decline by 1.4%

Dollar General Profit Plummets by 40% as Comp Store Sales Decline by 3.8%

Urban Outfitters Earnings Collapse by 20% as Sales Stagnate

McDonalds Earnings Fall by $66 Million as US Comp Sales Fall by 1.7%

Darden Profit Collapses by 30% as Same Restaurant Sales Plunge by 5.6% and Company Selling Red Lobster

TJX Misses Earnings Expectations as Sales & Earnings Flat

D--k’s Misses Earnings Expectations as Golf Store Sales Plummet

Home Depot Misses Earnings Expectations as Customer Traffic Only Rises by 2.2%

Lowes Misses Earnings Expectations as Customer Traffic was Flat.

Lowes is one of the companies pioneering automated robots to work customer service. Yes you heard that right. Automated robots will be taking more jobs in the next ten years.

Lowes has borrowed 5 billion dollars to buy back stock to manipulate its price. In 5 years it has jumped from $30 to hovering around $80 due to artifically increasing its earnings per share. They don't dare reveal their foot traffic metrics.

I am warning you, no longer make this place as any sort of secure job. This company will be vastly different in the next 9 monthes.

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Good info, but these companies lie, lie, lie. Example below

"Costco Profit Declines by $84 Million as Comp Store Sales Only Increase by 2%"

Think about this a minute. Sales increasing while profits declining? So, either they're lying or they're desperately discounting to prop up sales.

Or this...

"Dollar General Profit Plummets by 40% as Comp Store Sales Decline by 3.8%"

Another major disconnect that even a child would question.

They lie, all the time.

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