Bloomberg News Service reported that Staples plans to close 225 stores! That was easy! But it will be hard on all of those people who will loose their jobs.
Bloomberg reported that fifty-percent of Staples' business now comes from the Internet. Closing stores is major cost cutting move that will save them $500,000 they reported.
The major loss of retail jobs is the scariest thing about e-commerce.
And you've got nut-jobs like Jeff Bezos looking to automate all aspects of his online retailing giant Amazon, which includes delivery drones. Which leads to the question, "When no one has job, whose going to be able to buy all that crap from Amazon or any other retailer?"
One might argue that perhaps that in towns that loose their "Staples" stores, that the mom-and-pop stationary store might make a comeback, but what is more likely to happen is that the Wal-marts and the Targets in the area will just increase their stationary offerings.
It is stories like these that give me the feeling that another major economic collapse is coming. Perhaps President Obama should get one of those "Easy Buttons" to make our economic problems go away.
