How much can you squeeze Orange Julius?

So is brick-and-mortar retail finally terminal with this virus?

Cheesecake Factory refuses to pay their rent. Simon, Taubman, etc mall REITs in flames. Everyone broke and frightened now of the future.

All the FLS just sitting there, costing rent, heating, security, the clothes in the rounders collecting dust, becoming unfashionable. Meanwhile, the e-commmerce warehouses can make a few adjustments monitoring the health of the pickers, and everything keeps humming along.

The awesome sorting machine never sleeps. I wonder, does Nordstrom quarantine returns now? Set them aside for a couple of weeks.

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Hearing very good things about hydrochloroquine + Zpak antibiotics + zinc in controlled trials. This should hit the mainstream in April, and possibly get everyone back to work by May.

Urk, I didn't finish with my point.

So everything is going to be so jacked-up after this, the back rents and debts accumulated, the financials twisted and then papered-over from above, that the real world will never recover. Credits, promises, deficits, desperate measures.

Did you notice that $COF got bailed out the other day, for $1B off bad bets on oil? I can't believe we're barely a month into this.

Will anyone ever go "luxury shopping" like they used to? I've worked in the FLS, I've seen the amazing flow of loose Seattle tech money into the stores. The old CIO MR used to marvel at it and yet had a great deal of respect for the customers. This company is a beautiful woman, and I once loved her, too.

We're headed for a true debt spiral, where we will ask more and more of the dollar and our stewardship of it. The Euro will go first, but the dollar will, eventually. There is still time.

We end up with something like this, oh lovely:
https://www.youtube.com/watch?v=QN8FCfD8Bd0

Around 26:00 is particularly unsettling.

The more I think about it, I'm not so sure Nordstrom survives this at all, even with its comparably favorable financial position to the weak-sauce retailers.

Remember, the value of the private shoe store Nordstrom went to $0 during the Great Depression.
Lloyd graduated college in 1933 and joined the firm as a full-partner with Everett and Elmer, because they were broke and he could sign on for sweat equity. John W. had left his youngest Lloyd a box of old Rapala northern pike plugs and the family recipe for glogg, but he could earn his keep in the family business now.

I'm starting to get in a funk and question whether we will ever recover. This is an inflection point. For sure the fantasy globalized world of the last decade is gone forever. Everyone is still whistling past the graveyard waiting for curves to flatten and everything to return to the before-times.

@Bleak - you should be running the place. All these good ideas are wasted here. Or are you running the place? I will vote for ya. All the best

Thread regarding Nordstrom layoffs

How much can you squeeze Orange Julius?

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