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Pentagonal Mart: A Major WTF-ness

gambit

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Pentagonal Mart Becomes the Largest Vacant Building in Shanghai - People's Daily Online

A Pentagonal Mart in Shanghai, a complex resembling the Pentagon in the US, has become the largest vacant building in Shanghai. Barely any person can be caught sight of in this colossal building. The Shanghai Pentagonal Mart, which was completed in 2009 with a total area of about 500,000 sq. meters, has been left behind vacant mainly because of its location and its confusing inner structures.
 
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Very impressive, and impressively wasteful.

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Meet the Pentagonal Mart, a gargantuan, $200 million shopping complex inspired by the US Pentagon, which has the dubious honor of being the largest vacant building in Shanghai. According to the People’s Daily News, the 70-acre mall was completed in 2009 and remains virtually empty to this day, “mainly because of its location and confusing inner structures.” Hmm, minor planning details.

Only in small sections of the shopping mall/business center/human maze will a person occasionally be spotted pushing a lonely shopping cart down an aisle lit by endless fluorescent lights. Canned foods and packaged goods gleam untouched on shelves; museum pieces in an exhibition of superfluous development that needs no signage to explain itself.

They can rent it out as condos, ya know. Wouldn't mind having a bachelor pad in there, i mean, its confusing to begin with. Might you know, serve an attractive appeal, lol.

ha,
ha,
 
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Pentagonal Mart Becomes the Largest Vacant Building in Shanghai - People's Daily Online

A Pentagonal Mart in Shanghai, a complex resembling the Pentagon in the US, has become the largest vacant building in Shanghai. Barely any person can be caught sight of in this colossal building. The Shanghai Pentagonal Mart, which was completed in 2009 with a total area of about 500,000 sq. meters, has been left behind vacant mainly because of its location and its confusing inner structures.

China's Housing Is Recovering, Just Ignore The 10 Billion Square Feet Of Vacant Housing | Zero Hedge


bro China has 10 billion square feet of empty housing/buildings space. they built and built to maintain that 10% growth every year while ordinary Chinese bought houses to put their wealth into (which is going to crash hard) wiping out all that hard earned wealth.

Chinese are so spooked they are trading there Yuan to Dollars and sending it out of China.




not looking good for our Chinese rivals.

China Goes Full Keynesian-tard: Demolishes Never-Used Just-Built Skyscraper | Zero Hedge
 
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I wonder if Walmart would have the courage to takeover and rehabilitate this...
 
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I wonder if Walmart would have the courage to takeover and rehabilitate this...

Are you very worried?

Walmart lays off 450 from headquarters

The layoffs come at the end of a week that saw several large companies make announcements about job cuts and shifts in corporate strategy. Whole Foods said Monday that it would be laying off 1,500 people over the next two months as it faces increasing competition in the organic grocery space, including from Walmart. Meanwhile, Sprint is exploring the possibility of up to $2.5 billion in cuts, which could affect the company's 31,000 employees.

Fellow retailer Target has also undergone job cuts this year as part of a $2 billion cost-cutting strategy. It laid off 1,700 employees at its Minneapolis headquarters in March, a week after announcing plans to cut more than 2,000 jobs over the next two years.

Industry Insiders: 1,000+ Walmart Layoffs Coming - Story
Wal-Mart, Sam’s Club expected to make significant corporate job cuts - Talk Business & Politics


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No need
So that is you hope of getting employed in anoher position at Walmart.
Look at other links talking about cutting jobs everywhere as well
What Walmart is doing in the US is far better than what your China is doing at home. Any dirt you can dig up about Walmart pales in comparison to this epic fail in Shanghai.

Of all the buildings in the world, why the Pentagon as a template ? Wait a sec...Maybe this is an epic piece of performance art to illustrate something about US militarism ? Yeah...That is it...Performance art. Way to go...China...!!! :enjoy:
 
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What Walmart is doing in the US is far better than what your China is doing at home. Any dirt you can dig up about Walmart pales in comparison to this epic fail in Shanghai.

Of all the buildings in the world, why the Pentagon as a template ? Wait a sec...Maybe this is an epic piece of performance art to illustrate something about US militarism ? Yeah...That is it...Performance art. Way to go...China...!!! :enjoy:

speaking of Walmart


Walmart Closes LA Store Over $15 Minimum Wage - Breitbart

Los Angeles residents of impoverished Chinatown were shocked to learn on January 17 that the Walmart they pleaded for years to get would be shut down at 7 p.m. Sunday evening due to the city’s new $15 minimum wage ordinance, and union harassment.
(Update: The closure was described by the company as one of 154 closures “that took into account a number of factors, including financial performance as well as strategic alignment with long-term plans.”)

Immigrant Hispanic and Asian residents of central Los Angeles campaigned for years for a “big box” retailer to locate in their economically depressed neighborhood to compete against liquor stores that sold a limited number of food items at very high prices. In September 2013, Walmart finally opened a 33,000-square-foot grocery and drug store in the Chinatown area.

Crowds flocked to the store for lower food costs, substantially cheaper pharmaceuticals, and even ethnic offerings. But labor leaders immediately started protesting against the store for refusing to unionize, even though 100 Walmart employees refused to sign union cards.

During the November 2014 Black Friday protests in downtown Los Angeles led by the union-funded Movement Generation’s Justice and Ecology Project, thousands of protestors were bused in to protest against Walmart destroying downtown, even though the company only had the one store in Chinatown.

According to Movement organizer Brooke Anderson, “As people deeply committed to environmental and climate justice, we condemn Walmart as a climate criminal and we stand side-by-side with Walmart’s workers organizing for $15 per hour, full time work, and the respect they deserve.”

During last summer’s union-led “Fight For 15” minimum wage movement in Los Angeles, Walmart was demonized on giant banners proclaiming, “Walmart Wages War on Workers” and “Walmart Wages War on Planet Earth.”

But after succeeding in pushing through a minimum wage that was set to start on January 1 at $10 an hour and jump in steps to $15 in 2018, unions and liberals have begun to panic that spiking wages might actually cause the 15 percent rate of unemployment among those with a high school diploma or less to rise.

The non-partisan Congressional Budget Office’s most recent in-depth analysis on minimum wage hikes estimated that President Obama’s proposed federal minimum wage increase from $7.25 to $10 an hour would raise wages for 16 to 24 million people, but would also kill 500,000 existing jobs.

Liberals piously called this negative impact a “reasonable tradeoff worth embracing,” whereas conservatives and business owners called it proof that risky government interference would destroy jobs and put more people on welfare. But there are no independent studies of what a 50 percent, let alone 100 percent increase would do.

Furthermore, Walmart’s closure in Los Angeles means that shoppers will still be able to go to neighboring cities to shop at Walmart, taking sales tax payments away from LA.

Breitbart News reported in late July that local union bosses want their locals exemptedfrom the law, since businesses were already making plans to cut employee head count.

The same month, McDonald’s opened its first robotic restaurant in Phoenix, and hotels in L.A. announced they were planning to reduce guests’ daily room cleaning, or charging extra for doing so.

Private sector union membership has plummeted from almost 40 percent of the workforce in the 1960s to a new low of 6.6 percent in 2015.

The “Fight for 15” sounded like a great social justice strategy to leverage liberals’ concern for the plight of the poor into a huge union organizing play.

But the downtown L.A. Walmart’s sudden closure is just the first of what seems destined to be a huge negative blowback that will hurt poor consumers and workers.
 
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