Posted on 12/27/2018 2:49:09 PM PST by NRx
Amazon will one day to the way of Sears.
Please add Target to that list. Or I hope so.
> Sears, K-Mart and JC Penny are all going to die <
The Motley Fool folks agree with you. And they add Barnes & Noble to the list. I’ll miss all four stores, although for different reasons.
https://www.fool.com/investing/2018/12/24/4-retailers-on-the-2019-death-watch.aspx
They liquidated in 2006 and were taken over by Takamatsu.
Whatever the thread topic, you come up with the best images!
Sears SHUT DOWN catalog sales in the mid-90s.
Aren’t the old businesses in Japan networked in partnership with a handful other businesses and then tied to specific bank(s)? I thought I read something once about the business model there.
>>but today it has workers who do not care, some hardly speak English and many of the guys have baggy pants which need pulling up. Women with tattoos on their arms, backs,and necks.
Sounds like Whole Foods today...
They got burned on Prodigy.
For decades Sears tied their footprint to being an anchor at the city mall but shopping centers have fallen off the map in the past 20 years. there are now a ton of ghosttown malls from coast to coast and it can’t all be blamed on the internet.
At $20/troy ounce of gold, back then, that building cost 575 troy oz of gold, about $700K, at today’s exchange rate. That seems low, but likely the gold price is being suppressed.
Used to be, most military families bought their appliances from Sears since Sears was one of the few corporations who serviced their appliances overseas. You could get warranty work done world wide.
No, they should have continued same quality products and services that made them great. They should have ridden out the Amazon, online rip off and been satisfied with a smaller profit margin.
But, no. Cheaper low quality goods, same profit margin or more and clunk.
Most people I know would forego Amazon in a minute for the old Sears.
You’re right - a website needs to work well enough that customers can search and buy easily. Also, the prices should be competitive.
And, in a store with fewer and fewer employees, not as many eyes are watching. With all the stealing (esp. in the dressing rooms), half the merchandise walks out the door.
Another policy that might hurt: pulling the “older” (say, over 40) employees off the cash registers because Corporate wants younger faces on the front end. Young employees can work well, too, but it’s just a part time, minimum wage gig - not a career for them - so turnover is high, with people even quitting on the spot sometimes.
When I was a kid, we used to wear the pages out of the Sears & Roebuck Christmas Catalog.....
Greatest catalog EVER!!!!!!
That’s a well run organization.
They should have never stopped selling guns and other types of sporting goods, and motorbikes, house kits and so much more...
Microsoft recovered in time. Sears did not.
When I can get that unfinished room into something for me and only me, I plan on some model railroads.
They were late in the game and the websites were not a great user experience.
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