“Tough times” for many in suburban area
By Michaela BienenstockPublished December 09, 2017 07:02:02A few months after moving to the suburbs, a longtime resident of the neighborhood is experiencing tough times.
The market’s latest sales slump has left some in the neighborhood with no place to park their cars.
Dow Jones Market has been experiencing an unusually slow start to the year.
The retailer has experienced a sharp decline in sales, which has affected the bottom line of many shoppers.
“It’s not fair to blame them, they don’t deserve to get hit,” said one longtime resident, who asked to remain anonymous out of fear of retaliation.
“It’s just like every other time, people don’t show up.”
While the city’s booming economy has boosted sales, the retail industry’s bottom line has suffered as well.
Dows Jones’ stock has fallen more than 60 percent over the past year, and it is on track to fall by an even greater amount in 2018.
Last year, the retailer reported a net loss of $4.7 million.
But last month, it reported a $7.9 million loss.
The retailer says it’s in dire need of cash, which is one reason it is cutting jobs and cutting back on operations.
In response, some customers have taken to social media to express their frustration with the company’s management.
“Its like when youre a young kid and your parents have no job and the only thing you can afford is candy,” one customer posted on Facebook.
“They cant afford to feed the kids.
So theyre cutting corners.
Ive been here a year and a half, Ive seen their mistakes and Ive learned from them,” another added.
But many other customers agree with the complaints.
“Youve got to be kidding me, if theyre gonna cut jobs then why do they need all those extra employees?
You know why?
Because its not fair, theyve got people working for nothing,” one longtime customer said.
Another said he is not surprised that the company has experienced such a drop in sales.
“If they are really gonna cut their costs, they should cut their sales too,” he added.
The company says the decline in business is being driven by a number of factors.
It says it is closing stores in anticipation of a new store opening later this year in the city of Loyola.
The company has also been forced to close its stores in several other cities across the country.
The retail company has said it will be hiring workers to open new stores, but many customers say they do not feel like they have a choice.
“There is no choice.
I can’t go to Walmart and not get a dollar.
Its like a joke, its like they dont even give a damn,” said a woman who declined to give her name out of concern for her safety.
Some customers are also taking to social networking sites to voice their discontent.
“Dows is not getting their fair share of money and thats why the community is getting mad at them,” said another customer.