Pluto in Capricorn: Which Businesses Are Dying Now?
I've written about Pluto in Capricorn killing business for ten years now (search). This week, I read that 53% of restaurants in the US, will not be opening post-coronavirus. I don't know if it's true or not but it sound about right. I would also expect the figure to rise.
I ran across this today:
I don't think this can recover.
I also think, with all the lockdown... well, you don't really need new clothes. Not going anywhere?!
Demand for all kind of things is dropping but demand for other things is rising.
Let's say I need a lawnmower belt? Someone needs to make it. Perhaps the shop is still open but the materials are not available.
What do you see going on out there?
My first cousin's variety store business is booming because people are afraid to go to larger towns shopping. So I think some of the malls aren't going to make it in the medium to larger towns in my state.
Oh! A client on Friday, told me that Neiman Marcus filed for bankruptcy.
I believe that about restaurants. They operate at at thin profit margin I think, so it makes sense that many will fold. Sad. I don't think Macy's is doing well. Bed, Bath and Beyond is closing stores. Pier 1 is struggling. Many others.
Yep. Red Robin, Whataburger, Steak and Shake, and a few other popular burger joints are looking at bankruptcy. Wendy's, too.
I want to know where the people who lose their jobs are going to find new jobs.