Quick news tidbit in between Amazon shopping . . . But after the new owners of Independence Center realize they bought a dude.
Follow-up and confirmation on a local retail report:
Report: Only one area Sears store will remain open following bankruptcy filing
Deets:
Two of the remaining three Sears stores in the Kansas City area are set for closure.
The stores off of NW Prairie View Road in Kansas City, Missouri, and State Avenue in Kansas City, Kansas, are expected to start liquidation sales within the next two weeks.
In addition to the Sears locations, three more Kmart stores will close, including the locations in Florissant and St. Joseph, Missouri, and Salina, Kansas.
The only Sears store expected to remain open in the Kansas City area is the Independence Center location.
Developing . . .
They are just reducing their store numbers to a sustainable level.
ReplyDeleteRetail is not dead there are still people who can get out of the chair without a struggle and move something other then their mouse click finger. They can also make it further then the front door to pick up their Amazon package without gasping for breath.
ReplyDeleteYea but those people don’t reside here. Fat geriatrics one and all.
DeleteFor a company who was the Amazon of their time with mail order delivery, I don't fill sorry for them not evolving into the Walmart and Amazon of today. They surely had the money and capacity to be a leader in the industry but instead thought they were too big to fail. They wont be the only ones. Kodak was the same way when underestimating the digital camera. Amazon and others will give way to other innovations and soon we will be able to produce our own goods at home with 3D printers.
ReplyDeleteGive it time I give it 18 mos. max.
ReplyDeleteIn Europe financial disasters like Sears/K-Mart and Toys-R-Us are usually called "Asset Stripping", and have been banned since the 1970s. The Executive Orders signed by Reagan during his first week in office removed the bans on "Leveraged Buyouts", and gave those domestic asset strippers, such as Eddie Lampert (Sears) and Mitt Romney (Toys) to load their targets with debt, then move the desirable assets and property into their own hands, finally leaving the gutted husks to totter and finally collapse on their own.
ReplyDeleteThe growth of Amazon and other on-line mechanisms may have contributed, but the loss of these two "Retail Giants" lies directly
on the insanity of the GOP's Voodoo Economics fallacy, especially on the "selective deregulation" mythology.
soon we will be able to produce our own goods at home with 3D printers
ReplyDeleteKind of how the paperless office and telecommuting thing worked out for everyone?
LOL
Look forward to producing my food, gasoline, and electricity with my 3-d printer.
ReplyDeleteShe is just the kind of neighbor you want...keeping an eye on suspicious activity, an unfamiliar face.
ReplyDeleteBiggest retail bankruptcy in history. Bigly!
ReplyDeleteMAGA!!! Thanks Trump!!!
Sears pulled a Trump.
ReplyDeletePay the executives, layoff the workers, and stiff the creditors.
MAGA!