If you have a job & your company is still operating, be very grateful WHY? 1. Victoria's Secret declared bankruptcy. 2. Zara closed 1,200 stores. 3. La Chapelle withdrew 4391 stores. 4. Chanel is discontinued. 5. Hermes is discontinued. 6. Patek Philippe discontinued production. 7. Rolex discontinued production. 8. The world's luxury industry has crumpled. 9. Nike has a total of $23 billion US dollars preparing for the second stage of layoffs. 10. Gold's gym filed for bankruptcy 11. The founder of AirBnb said that because of pandemic, 12 years of efforts were destroyed in 6 weeks. 12. Even Starbucks also announced to permanently close their 400 stores. 13. WeWork isn't in a great spot either The list goes on & on See the US economy landscape : Nissan Motor Co. may close down in USA 1. Biggest Car Rental company (Hertz) filed for bankruptcy - they also own Thrifty and Dollar 2. Biggest Trucking company (Comcar) filed for bankruptcy - they have 4000 trucks 3. Oldest retail company (JC Penny) filed for bankruptcy - to be acquired by Amazon for pennies 4. Biggest investor in the world (Warren Buffet) lost $50B in the last 2 months 5. Biggest investment company in the world (BlackRock) is signalling disaster in the world economy - they manage over $7 Trillion 6. Biggest mall in America (Mall of America) stopped paying mortgage payments 7. Most reputable airline in the world (Emirates) laying off 30% of its employees 8. US Treasury printing trillions to try to keep the economy on life support 9. Estimated no. of retail stores closing in 2020 - 12,000 to 15,000. The following are big retailers that have announced closing: - J. Crew - Gap - Victoria's Secret - Bath & Body Works - Forever 21 - Sears - Walgreens - GameStop - Pier 1 Imports - Nordstrom - Papyrus - Chico's - Destination Maternity - Modell's - A.C. Moore - Macy's - Bose - Art Van Furniture - Olympia Sports - K Mart - Specialty Cafe & Bakery and many many more Unemployment claims reached an all-time high of 38+ million - unemployment is over 25% (out of 160 million of work force, close to 40 million are jobless). With no income, consumer demand is falling drastically and the economy will go into a free fall. This is just USA... Under the weight of the new crown pandemic, many giants are facing the crisis of failure. 5 months of pandemic created a LOT of debt, and tens of thousands of companies went bankrupt. If you have business & your company is still there, and there are no pay cuts or layoffs, pl treat your company & customer well. Humans are facing the pandemic that cannot be controlled. The second half of 2020, is the challenge of corporate strength & relationship *2020 is about survival. Take care of yourself & your loved ones. Be happy with what you have!*
Counterpoint: gratitude is the croak of the weak willed bootlickers unable to think for themselves. Companies are going under that should have gone under long before. The tidal wave of shifts that COVID is pushing will unlock a significant amount of opportunity for those able to stomach the risk and COVIDproof the modern world. There has never been a better time to capitalize on the environment if you’re of the opportunistic variety.
Lecture is as good until it happens to you .. I feel sorry for the people getting affected
Signed, Tiny cog hiding out in a fluffy job in a giant machine
How US handles pandemic this time is beyond worst nightmare. I can’t believe politicians are still arguing whether to enforce mask wearing. It’s not about your freedom. If you don’t care and get sick as wish, don’t go around infecting others. It could just be short term crisis and now dragged into probably permanent economic loss in US
Sweden is not past anything. In fact, they're the worst in the EU by a huge margin. They're experienced vastly more deaths relative to population, AND their economy still took the hit. It's conclusively proven at this point that they've sacrificed lives for nothing, and are continuing to do so There are many articles on it if you Google search "Sweden corona". Here is a representative one https://www.cbsnews.com/amp/news/sweden-covid-coronavirus-deaths-make-sweden-example-of-how-not-to-deal-with-covid-19/
Yes, Sweden is finished with the curve, and without lockdowns, without school closures and without masks. What did they do different? They protected vulnerable aging population and people with conditions. Unlike corrupt New York where older people still sick and recovering from Covid were sent back to nursing homes, and the results are obvious.
I'm not "greatful" to my company because they employ me. I'm doing work to boost their revenue and in exchange they're giving me some $$ to compensate for my value. Of course, I'm thankful I can afford to live a comfortable life. I direct my gratitude instead at my wife, kids, parents and friends.
Yes. It’s being grateful in life
Nice post, OP 👌
And yet stock market ripping.
Great post OP. Really puts things into perspective. Things will get worse. I don't see a recovery in world economy until 2022. We need to be grateful for having a job. My sympathies lie most with unemployed blue-collar/ minimum wage workers who have no savings to fall back on.
Are luxury brands really hurting? Their base clientele still has a lot of cash. I’m talking about the ultra wealthy (hundred million to billionaire status). There are ladies who love Chanel Runway Couture (blouses that cost around $10k and gowns that are $50k). Haha tho with COVID black tie charity events have been put on hold. And in the meantime, we can reflect on how the income wealth gap continues to widen and be grateful for our health and current blessing.
This is so sad. And the worst part is that all those people and their families will lose their health insurance and won’t be able to afford to take care of their health.
You forgot Jcrew, Wendy’s, brook brothers, Ann Taylor, Pizza Hut bankruptcies
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2020 has created Havoc but how many of these were already on verge of failing and covid just expedite the process or as we say burst the bubble
Seriously screw all these brands. UNIQLO does delivery, red bull is better than coffee, and Nike can go $!?@ themselves