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03-22-2017, 11:48 AM | #1 |
Read? I only know how to write.
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Bankruptcy is Us
Long on my list of companies trying to bankrupt themselves have been Sears/Kmart, Radio Shack, and Acme. Two are well on their way. In all three cases, business school graduates have been claiming profits by closing stores. Because the purpose of those companies is to enrich the central committee of the communist party - also called top management.
In Sears, the top man bought it to profit from Sears large real estate holdings. He only was there to enrich himself - at the expense of Sears, Kmart, its employees, and America. Looks like he is almost finished. GM is doing same. To claim more profits, they may be finally selling Opel and Vauxhall. |
03-22-2017, 11:51 AM | #2 |
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Sears is always almost empty when I go there, but it by far the best store in the area. In terms of the quality of the clothes they offer and the low price. I'm always surprised. They are the same price as Target, but much higher quality.
I really hope they don't close this store. |
03-22-2017, 12:49 PM | #3 |
Radical Centrist
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retail is over
(duh) |
03-22-2017, 12:58 PM | #4 |
The future is unwritten
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That may be a little premature, retail still took 80% last Christmas.
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03-22-2017, 01:13 PM | #5 |
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not brick and mortar retail though, right?
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03-22-2017, 02:06 PM | #6 | |
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03-22-2017, 02:26 PM | #7 |
The future is unwritten
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There's online and there's retail stores, what else is there?
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03-22-2017, 02:39 PM | #8 |
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OIC. Retail not dead, online retail alive, brick and mortar retail dead. Sears, Rat Shack, Acme all brick and mortar only.
~ RIP small and medium sized malls ~ ~ Giant Foods not far behind, I expect ~ ~ Flagship Acme in King o' Prussia is worse than the Giant! ~ |
03-22-2017, 02:50 PM | #9 |
The future is unwritten
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But won't Giant and ACME be replaced by other chains, not online sales. Yes small strip malls have lost their grip but they're not necessarily going to be replaced by ebay. That's why I say you're premature in counting retail out. Sure for isolationists, like you and me, who don't want to deal with people, online is attractive. But normal people want the interaction and being able to touchy feely the goods.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
03-22-2017, 03:35 PM | #10 |
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Walk into a Target and you will know they aren't going anywhere. Throngs of people all the time.
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03-22-2017, 06:07 PM | #11 | ||
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Quote:
http://fortune.com/2016/06/08/online...ing-increases/ Quote:
2/3rds of people surveyed compare stores prices with prices on their phone. Mark my words... the malls are going to be closing. Only big destination malls will survive, but even those are going to have to change. (KoP Mall, nation's second-largest and the only one visited by two Cellar moderators this week: instead of a Sears anchoring its western end, there's now a Dick's Sporting Goods. That's unthinkable 20 years ago.) JC Penney is closing 138 more stores after it closed a bunch in 2015. Macy's may not survive. HH Gregg just died. Kmart is only barely alive - and its shoppers are not exactly the online sorts. And all this is happening in a growing economy! |
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03-22-2017, 06:35 PM | #12 |
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Target: I had to check! Sales down 0.5% in 2016. Fourth-quarter 2016 sales down 1.5%.
Financial projection for 2017 was another year down by single digits. Target is a great retailer. |
03-22-2017, 07:59 PM | #13 |
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Customer numbers are always a good indication. Never saw a Target, Walmart, Home Depot or Lowes (except just after 5 PM), Giant, or Wegmans with idle employees and near zero customers. Saw that constantly in Kmart, Sears, and Radio Shack.
Stores such as Walmart send corporate managers into stores to, for example, work as bagger. President of FedEx and Southwest Air are repeatedly seen delivering packages or working the aisles. That is essential to know what does and does not work. Radio Shack is a glaring example. Not only do corporate employees not know what the products do. Once upon a time, Radio Shack parts always came with a description on the back what that part is or does. No longer. How often does Nardelli even buy his own groceries? Why was Ford in so much trouble back then? Henry Ford did not even drive a car. William Clay does. One cannot innovate (or make innovations possible) when one's total knowledge comes from business school philosophies and corporate spread sheets. That has been Sears problem for 20 years now. Everyone I know who was hired at Sears was a business or accounting student. Walked into a Kmart between Christmas and New Years to buy a snow shovel. Sold out. And said no more shovels would be coming. The season was over. They were putting out lawn mowers and other grass implements. It says which companies will be better investments in ten years. And which ones are on a ten year trek to bankruptcy. Retail is not dead. But some stores (ie Radio Shack) will not even deliver your purchase to their stores. Their web site no longer says which stores have that product. Even missing were many products routinely found on store shelves. That is when retail is dead. That is what happens when the boss does not come from where the work gets done. |
03-22-2017, 08:34 PM | #14 | |||||||
The future is unwritten
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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03-23-2017, 09:53 AM | #15 | ||
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We shall see though. The smart phone users are buying from their phones. All online retailers have mobile versions of their sites. Nine out of ten people are online, and three out of four people have smart phones. (Pew Research) Quote:
Most ghetto people have data, over second-rate carriers like Cricket. I think sometimes they get 3G data, which is slow but nearly free. |
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