Posted on 04/08/2020 12:54:46 PM PDT by Diana in Wisconsin
Sears and JC Penney are still in business? That’s the bit that’s news to me.
From my perspective Sears no longer existed before this. There is not a store within 100’s of miles and if you go online then everything is out of stock.
That is a shame about J. Crew. At one time they sold high quality classic clothes without obvious labels and logos but I have noticed a dip in quality (and price point!) over the last few years.
I thought Sears was completely dead finally? They kept pulling back like every year.
JCP definitely still alive but they keep reducing service in annoying ways, which makes me not like them as much. Just 10 years ago I liked them a lot, for a midway dept store.
These were dead before Covid-19!
It sounds like this virus and economic slowdown, may be what pushes ailing retailers off the cliff. They were in trouble before all of this happened, and survival was in doubt before this.
May.
The panic spreading is not just over the virus.
I knew Sears was in trouble and closing stores, but didn’t know they had lost $12 billion since 2010. Those are some serious losses. Over a billion dollars a year in operating losses cannot be absorbed long term.
Glad to hear this. These were the walking dead.
I was in a JC Penny’s a couple years ago. It was like a tornado had gone through. Most things were askew on the shelves, there were lots of bare-spots, poor selection
I really felt bad for a once great American name.
If it weren’t for the parade Macy’s would be on that list.
Husband worked for Sears 30 years...bought by KMart. They’re dead.
It’s not that any of these stores are bad. But times change.
Sears used to be the bastion for appliances, an anchor to every mall in America.
But Sears also sold clothes and other stuff because it was a department store.
There are no more department stores except the big ones like Walmart and Target.
Mail order and delivery by those little airplanes is the future of shopping.
Not sure why you’re glad. Now if it was Target that’s different.
“JCP definitely still alive but they keep reducing service in annoying ways, which makes me not like them as much. Just 10 years ago I liked them a lot, for a midway dept store.”
Penny’s was one of the first retailers to put homosexuals in their sales flyers. It killed them, it’s just taking a long time for them to die. Now it turns out they were just ahead of their time.
Not the stores but the jobs! What enterprise can soak up these employees? One thing when they were disappearing in dribs&drabs, very different when they remain unemployed after this lockdown has been released.
Already happened in my town last year.
I thought Sears was already dead.
All are businesses that were already on life support before the virus hit.
Companies like JC Penney saw their sales decline when they embraced LGBTQSVCQT and whatever other letters they use! They went woke, now they’re going broke.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.