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Sears Is Doing Just About All It Can to Survive One More Year
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Topic Started: Jan 4 2017, 06:19 PM (1,600 Views)
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George Aligator
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Jan 5 2017, 10:03 AM
Post #21
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It's a shame Sears will soon die, all those great brands like Kenmore, Coldspot, Silvertone, JC Higgins, David Bradley farm implements all those great brands that served Americans for over 130 years will soon be gone. Oh well, at least Sears Holdings has lots of valuable property to help pay off creditors. The changes in retail will surely affect the value of commercial real estate suitable for retail outlets. Buying a failed Sears store in order to open up your own department store may not be a smart business plan. The local shops put out of business by the big box stores have occasionally found use in the artisanal local market but a lot are just empty. The big box stores are being gobbled up by the on-line giants. Their closed stores are dependent on location and are an awkward size. Recent studies have shown that fewer and fewer people entering a mall use the retail shops that are its financial foundation. They go to malls for food and entertainment, not to shop. The anchor stores may well drag the entire mall down with them. Productivity technology, the source of success for places like Amazon or eBay is transforming the consumer economy, which is the dominant sector of the over-all US economy. We are heading for a new world and are grossly unprepared to deal with its challenges.
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Conservatism is a social disease
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thoughtless
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Jan 5 2017, 10:26 AM
Post #22
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Amazon and other online retail outlets might be putting the nails in Sears' coffin, but they started digging their own grave at least 40 years ago.
Sears became great because of their mail order catalog business. They developed the biggest retail warehouse and distribution system in the US, and were stupid enough to shut it down, as their competition was developing internet shopping, and struggling to build warehousing and distribution systems.
I usually don't site anecdotal stories, but I personally have tried, but failed to be a Sears customer over the years. The last large item I tried to buy from Sears was a special order range hood. My attempts to order on line failed, so I called the number posted on the web site. They told me to call the closest store, and then the store told me to call a different number, which I did. Finally, I was told that Sears delivery couldn't deliver to my address. However, they couldn't send it UPS, because I'm in their delivery area. That didn't make sense to me, so I hung up and ordered it from a competitor. If you want to be a Sears customer, you have to be willing to accept a lot of punishment.
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Without geometry, life is pointless.
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CautionaryTales
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Jan 5 2017, 10:56 AM
Post #23
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http://www.bizjournals.com/chicago/news/2017/01/05/sears-selling-craftsman-brand-for-nearly-1-billion.html?ana=e_chi_bn&u=oSeEVCgGusdAe5aZXXiX%2BA0f071037&t=1483625457&j=76974111
Craftsman brand sold to Black and Decker
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Have you paid your internet taxes?
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Opinionated
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Jan 5 2017, 10:59 AM
Post #24
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- George Aligator
- Jan 4 2017, 07:00 PM
Sears has been killed by Amazon and the new technology of retail. Whatever you are shopping for, Amazon can sell it for less because it takes significantly fewer worker hours to make the sale and deliver the goods on line with FedEx delivery than to operate a retail store full of employees. Nothing will stop this trend; we must find a way to operate American society successfully under its aegis. Could this be another one of those job destroying technology advances we discussed, where at the end of the day there are just not enough jobs to go around?
But I thought we were told that such things were a fallacy, that new jobs would be created to fill the need?
I am deeply puzzled...
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Robertr2000
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Jan 5 2017, 11:00 AM
Post #25
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- CautionaryTales
- Jan 5 2017, 10:56 AM
Craftsman brand sold to Black and Decker
Sorry, that url has no page rank.
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"if that **** wins we'll all hang from nooses"
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PATruth
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Jan 5 2017, 11:08 AM
Post #26
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- Opinionated
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- George Aligator
- Jan 4 2017, 07:00 PM
Sears has been killed by Amazon and the new technology of retail. Whatever you are shopping for, Amazon can sell it for less because it takes significantly fewer worker hours to make the sale and deliver the goods on line with FedEx delivery than to operate a retail store full of employees. Nothing will stop this trend; we must find a way to operate American society successfully under its aegis.
Could this be another one of those job destroying technology advances we discussed, where at the end of the day there are just not enough jobs to go around? But I thought we were told that such things were a fallacy, that new jobs would be created to fill the need? I am deeply puzzled... There's nothing puzzling about it, it's a more efficient system. Most Amazon sales are simply passed through to the seller. Amazon carries little inventory, is saving a fortune in wages, brick and mortar and property taxes. The real winners are working families
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"No. No he won't. We'll stop it."
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Opinionated
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Jan 5 2017, 11:13 AM
Post #27
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- George Aligator
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- 70-101
- Jan 5 2017, 04:10 AM
It's a shame Sears will soon die, all those great brands like Kenmore, Coldspot, Silvertone, JC Higgins, David Bradley farm implements all those great brands that served Americans for over 130 years will soon be gone. Oh well, at least Sears Holdings has lots of valuable property to help pay off creditors.
The changes in retail will surely affect the value of commercial real estate suitable for retail outlets. Buying a failed Sears store in order to open up your own department store may not be a smart business plan. The local shops put out of business by the big box stores have occasionally found use in the artisanal local market but a lot are just empty. The big box stores are being gobbled up by the on-line giants. Their closed stores are dependent on location and are an awkward size. Recent studies have shown that fewer and fewer people entering a mall use the retail shops that are its financial foundation. They go to malls for food and entertainment, not to shop. The anchor stores may well drag the entire mall down with them. Productivity technology, the source of success for places like Amazon or eBay is transforming the consumer economy, which is the dominant sector of the over-all US economy. We are heading for a new world and are grossly unprepared to deal with its challenges. I make slightly more than the median household income. And after paying the mortgage, utilities, and a sundry other bills my disposable income doesn't really allow me to pay department store prices for new clothing. My wardrobe tends to be a mix of Goodwill, Walmart and the occasional department store item I find on sale. I suspect that most of the population is the same. Paying department store prices regularly is just beyond our reach.
So yeah, the only time I go into a mall these days is to catch a movie and maybe grab a bite to eat.
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Opinionated
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Jan 5 2017, 11:15 AM
Post #28
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- PATruth
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- Opinionated
- Jan 5 2017, 10:59 AM
- George Aligator
- Jan 4 2017, 07:00 PM
Sears has been killed by Amazon and the new technology of retail. Whatever you are shopping for, Amazon can sell it for less because it takes significantly fewer worker hours to make the sale and deliver the goods on line with FedEx delivery than to operate a retail store full of employees. Nothing will stop this trend; we must find a way to operate American society successfully under its aegis.
Could this be another one of those job destroying technology advances we discussed, where at the end of the day there are just not enough jobs to go around? But I thought we were told that such things were a fallacy, that new jobs would be created to fill the need? I am deeply puzzled...
There's nothing puzzling about it, it's a more efficient system. Most Amazon sales are simply passed through to the seller. Amazon carries little inventory, is saving a fortune in wages, brick and mortar and property taxes. The real winners are working families I understand what they're doing and how it works. I'm puzzled by the claims of others that an overall reduction in the number of people needed to perform system wide functions doesn't involve a reduction in the overall number of jobs available and that there will always be more jobs to replace the jobs lost.
Where are the jobs to replace the warehouse jobs lost because of Amazon's increased efficiency?
Perhaps retraining for different jobs, the number of which are also being reduced by technology, will help?
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PATruth
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Jan 5 2017, 11:16 AM
Post #29
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- George Aligator
- Jan 5 2017, 10:03 AM
- 70-101
- Jan 5 2017, 04:10 AM
It's a shame Sears will soon die, all those great brands like Kenmore, Coldspot, Silvertone, JC Higgins, David Bradley farm implements all those great brands that served Americans for over 130 years will soon be gone. Oh well, at least Sears Holdings has lots of valuable property to help pay off creditors.
The changes in retail will surely affect the value of commercial real estate suitable for retail outlets. Buying a failed Sears store in order to open up your own department store may not be a smart business plan. The local shops put out of business by the big box stores have occasionally found use in the artisanal local market but a lot are just empty. The big box stores are being gobbled up by the on-line giants. Their closed stores are dependent on location and are an awkward size. Recent studies have shown that fewer and fewer people entering a mall use the retail shops that are its financial foundation. They go to malls for food and entertainment, not to shop. The anchor stores may well drag the entire mall down with them. Productivity technology, the source of success for places like Amazon or eBay is transforming the consumer economy, which is the dominant sector of the over-all US economy. We are heading for a new world and are grossly unprepared to deal with its challenges.
I make slightly more than the median household income. And after paying the mortgage, utilities, and a sundry other bills my disposable income doesn't really allow me to pay department store prices for new clothing. My wardrobe tends to be a mix of Goodwill, Walmart and the occasional department store item I find on sale. I suspect that most of the population is the same. Paying department store prices regularly is just beyond our reach. So yeah, the only time I go into a mall these days is to catch a movie and maybe grab a bite to eat. "After paying the mortgage, utilities, and a sundry other bills my disposable income doesn't really allow me to pay department store prices for new clothing"
Interesting you forgot to mention your real estate taxes, federal taxes, state taxes, local wage taxes, sales taxes and the other thousand of taxes you pay directly or indirectly. Taxes are your BIGGEST bill.
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"No. No he won't. We'll stop it."
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Opinionated
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Jan 5 2017, 11:26 AM
Post #30
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- PATruth
- Jan 5 2017, 11:16 AM
- Opinionated
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- George Aligator
- Jan 5 2017, 10:03 AM
- 70-101
- Jan 5 2017, 04:10 AM
It's a shame Sears will soon die, all those great brands like Kenmore, Coldspot, Silvertone, JC Higgins, David Bradley farm implements all those great brands that served Americans for over 130 years will soon be gone. Oh well, at least Sears Holdings has lots of valuable property to help pay off creditors.
The changes in retail will surely affect the value of commercial real estate suitable for retail outlets. Buying a failed Sears store in order to open up your own department store may not be a smart business plan. The local shops put out of business by the big box stores have occasionally found use in the artisanal local market but a lot are just empty. The big box stores are being gobbled up by the on-line giants. Their closed stores are dependent on location and are an awkward size. Recent studies have shown that fewer and fewer people entering a mall use the retail shops that are its financial foundation. They go to malls for food and entertainment, not to shop. The anchor stores may well drag the entire mall down with them. Productivity technology, the source of success for places like Amazon or eBay is transforming the consumer economy, which is the dominant sector of the over-all US economy. We are heading for a new world and are grossly unprepared to deal with its challenges.
I make slightly more than the median household income. And after paying the mortgage, utilities, and a sundry other bills my disposable income doesn't really allow me to pay department store prices for new clothing. My wardrobe tends to be a mix of Goodwill, Walmart and the occasional department store item I find on sale. I suspect that most of the population is the same. Paying department store prices regularly is just beyond our reach. So yeah, the only time I go into a mall these days is to catch a movie and maybe grab a bite to eat.
"After paying the mortgage, utilities, and a sundry other bills my disposable income doesn't really allow me to pay department store prices for new clothing" Interesting you forgot to mention your real estate taxes, federal taxes, state taxes, local wage taxes, sales taxes and the other thousand of taxes you pay directly or indirectly. Taxes are your BIGGEST bill. Yes, taxes are my biggest bill. But unlike you, I see taxes as a necessary, even a desirable, evil. Because my taxes contribute to keeping corporations from running amok, help keep our environment reasonable clean, help ensure that every isn't facing crime levels similar to Chicago, and generally help provide for the general welfare.
My not paying taxes might make my personal financial situation somewhat better. It would also, however, make the general situation for all of us far, far worse.
And I would not be untouched by that.
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edro14
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Jan 5 2017, 11:31 AM
Post #31
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Sears properties go beyond the malls, there are many warehouses owned by Sears that are being sold for pennies on the dollar.
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70-101
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Jan 5 2017, 12:06 PM
Post #32
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- Opinionated
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- George Aligator
- Jan 5 2017, 10:03 AM
- 70-101
- Jan 5 2017, 04:10 AM
It's a shame Sears will soon die, all those great brands like Kenmore, Coldspot, Silvertone, JC Higgins, David Bradley farm implements all those great brands that served Americans for over 130 years will soon be gone. Oh well, at least Sears Holdings has lots of valuable property to help pay off creditors.
The changes in retail will surely affect the value of commercial real estate suitable for retail outlets. Buying a failed Sears store in order to open up your own department store may not be a smart business plan. The local shops put out of business by the big box stores have occasionally found use in the artisanal local market but a lot are just empty. The big box stores are being gobbled up by the on-line giants. Their closed stores are dependent on location and are an awkward size. Recent studies have shown that fewer and fewer people entering a mall use the retail shops that are its financial foundation. They go to malls for food and entertainment, not to shop. The anchor stores may well drag the entire mall down with them. Productivity technology, the source of success for places like Amazon or eBay is transforming the consumer economy, which is the dominant sector of the over-all US economy. We are heading for a new world and are grossly unprepared to deal with its challenges.
I make slightly more than the median household income. And after paying the mortgage, utilities, and a sundry other bills my disposable income doesn't really allow me to pay department store prices for new clothing. My wardrobe tends to be a mix of Goodwill, Walmart and the occasional department store item I find on sale. I suspect that most of the population is the same. Paying department store prices regularly is just beyond our reach. So yeah, the only time I go into a mall these days is to catch a movie and maybe grab a bite to eat. Speaking of clothing and Sears.
One of the biggest mistakes Sears made, and they've made plenty, was acquiring LandsEnd in 2002, for nearly 2 Billion dollars. Sear's never recovered financially from that. With the worst part being, after Sears acquired LandsEnd the retailer entire clothing line went out of fashion.
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PATruth
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Jan 5 2017, 12:11 PM
Post #33
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- Opinionated
- Jan 5 2017, 11:26 AM
- PATruth
- Jan 5 2017, 11:16 AM
- Opinionated
- Jan 5 2017, 11:13 AM
- George Aligator
- Jan 5 2017, 10:03 AM
- 70-101
- Jan 5 2017, 04:10 AM
It's a shame Sears will soon die, all those great brands like Kenmore, Coldspot, Silvertone, JC Higgins, David Bradley farm implements all those great brands that served Americans for over 130 years will soon be gone. Oh well, at least Sears Holdings has lots of valuable property to help pay off creditors.
The changes in retail will surely affect the value of commercial real estate suitable for retail outlets. Buying a failed Sears store in order to open up your own department store may not be a smart business plan. The local shops put out of business by the big box stores have occasionally found use in the artisanal local market but a lot are just empty. The big box stores are being gobbled up by the on-line giants. Their closed stores are dependent on location and are an awkward size. Recent studies have shown that fewer and fewer people entering a mall use the retail shops that are its financial foundation. They go to malls for food and entertainment, not to shop. The anchor stores may well drag the entire mall down with them. Productivity technology, the source of success for places like Amazon or eBay is transforming the consumer economy, which is the dominant sector of the over-all US economy. We are heading for a new world and are grossly unprepared to deal with its challenges.
I make slightly more than the median household income. And after paying the mortgage, utilities, and a sundry other bills my disposable income doesn't really allow me to pay department store prices for new clothing. My wardrobe tends to be a mix of Goodwill, Walmart and the occasional department store item I find on sale. I suspect that most of the population is the same. Paying department store prices regularly is just beyond our reach. So yeah, the only time I go into a mall these days is to catch a movie and maybe grab a bite to eat.
"After paying the mortgage, utilities, and a sundry other bills my disposable income doesn't really allow me to pay department store prices for new clothing" Interesting you forgot to mention your real estate taxes, federal taxes, state taxes, local wage taxes, sales taxes and the other thousand of taxes you pay directly or indirectly. Taxes are your BIGGEST bill.
Yes, taxes are my biggest bill. But unlike you, I see taxes as a necessary, even a desirable, evil. Because my taxes contribute to keeping corporations from running amok, help keep our environment reasonable clean, help ensure that every isn't facing crime levels similar to Chicago, and generally help provide for the general welfare. My not paying taxes might make my personal financial situation somewhat better. It would also, however, make the general situation for all of us far, far worse. And I would not be untouched by that. Yes indeed, taxes are necessary but unlike you I don't accept government incompetence and wasting my hard earned tax dollars. I fully expect to pay for services rendered, I've been calling for increase gasoline taxes for years, infrastructure is lacking. That doesn't mean I accept horrific services that government forces on me that I can do better on my own. Helping the poor is something I agree with, helping people who don't want or need the help is something I object to. All government services should be cost justified, just like private sector products and services. The waste in government is beyond reasonable.
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"No. No he won't. We'll stop it."
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Mr. Tik
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Jan 5 2017, 12:16 PM
Post #34
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- estonianman
- Jan 5 2017, 02:48 AM
- Adolph Hipster
- Jan 5 2017, 01:38 AM
- clone
- Jan 5 2017, 12:30 AM
- Adolph Hipster
- Jan 5 2017, 12:28 AM
- Robertr2000
- Jan 4 2017, 09:17 PM
Quoting limited to 5 levels deepSears has been run into the ground by an Ayn Rand groupie.I can say in almost absolute certainty that Ayn Rand does not run Sears.
No such claim was made. Ayn Rand never ran a business..period Neither had the majority of Austrian/libertarian economist Von Mises, Rothbard, Von Mises, Hayek, Rockwell, Hoppe...none of them ever ran a business' They were all eggheads theorizing from the cushy bowers of academe.
Eddie Lampert used Randian principles to run Sears. Now, Sears is heading for the crapper.
IOW they had the same resume as Obama....Gruber....Krugman ....etc.... My point exactly, though I suspect the nuances will go over your head
Funny how the later understand the business cycle though. And yet...shiffy boy said the big crash was gonna happen before the end of Obama's term What date will he kick the can to next?
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You may be a conservative republican..if you are pro life until you get your mistress knocked up
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PATruth
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Jan 5 2017, 12:19 PM
Post #35
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- Adolph Hipster
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- estonianman
- Jan 5 2017, 02:48 AM
- Adolph Hipster
- Jan 5 2017, 01:38 AM
- clone
- Jan 5 2017, 12:30 AM
- Adolph Hipster
- Jan 5 2017, 12:28 AM
Quoting limited to 5 levels deepSears has been run into the ground by an Ayn Rand groupie.I can say in almost absolute certainty that Ayn Rand does not run Sears. No such claim was made. Ayn Rand never ran a business..period Neither had the majority of Austrian/libertarian economist Von Mises, Rothbard, Von Mises, Hayek, Rockwell, Hoppe...none of them ever ran a business' They were all eggheads theorizing from the cushy bowers of academe.
Eddie Lampert used Randian principles to run Sears. Now, Sears is heading for the crapper.
IOW they had the same resume as Obama....Gruber....Krugman ....etc.... My point exactly, though I suspect the nuances will go over your head
Funny how the later understand the business cycle though. And yet...shiffy boy said the big crash was gonna happen before the end of Obama's term What date will he kick the can to next? Good point, how long can the government borrow a trillion dollars a year and keep interest rates near zero to keep the economy going?
We are in uncharted territory.
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"No. No he won't. We'll stop it."
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CautionaryTales
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Jan 5 2017, 12:32 PM
Post #36
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Relax PA. Trump will fix it. He said so.
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Have you paid your internet taxes?
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Opinionated
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Jan 5 2017, 12:41 PM
Post #37
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http://www.businessinsider.com/list-of-macys-stores-closing-2017-1
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Macy's is shutting down 68 stores as it battles slowing sales and growing online competition.
The company says nearly 4,000 employees will be affected by the closures.
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BuckFan
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Jan 5 2017, 01:22 PM
Post #38
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- George Aligator
- Jan 5 2017, 10:03 AM
- 70-101
- Jan 5 2017, 04:10 AM
It's a shame Sears will soon die, all those great brands like Kenmore, Coldspot, Silvertone, JC Higgins, David Bradley farm implements all those great brands that served Americans for over 130 years will soon be gone. Oh well, at least Sears Holdings has lots of valuable property to help pay off creditors.
The changes in retail will surely affect the value of commercial real estate suitable for retail outlets. Buying a failed Sears store in order to open up your own department store may not be a smart business plan. The local shops put out of business by the big box stores have occasionally found use in the artisanal local market but a lot are just empty. The big box stores are being gobbled up by the on-line giants. Their closed stores are dependent on location and are an awkward size. Recent studies have shown that fewer and fewer people entering a mall use the retail shops that are its financial foundation. They go to malls for food and entertainment, not to shop. The anchor stores may well drag the entire mall down with them. Productivity technology, the source of success for places like Amazon or eBay is transforming the consumer economy, which is the dominant sector of the over-all US economy. We are heading for a new world and are grossly unprepared to deal with its challenges. The local paper ran an article recently on how the department stores are looking at subleasing out space to smaller vendors. This has been done somewhat already, I remember a Sun-Glass Hut inside a Macy's store. It will be interesting if that strategy makes much of a difference.
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clone
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Jan 5 2017, 01:51 PM
Post #39
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Director @ Center for Advanced Memetic Warfare
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- BuckFan
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- Jan 5 2017, 04:10 AM
It's a shame Sears will soon die, all those great brands like Kenmore, Coldspot, Silvertone, JC Higgins, David Bradley farm implements all those great brands that served Americans for over 130 years will soon be gone. Oh well, at least Sears Holdings has lots of valuable property to help pay off creditors.
The changes in retail will surely affect the value of commercial real estate suitable for retail outlets. Buying a failed Sears store in order to open up your own department store may not be a smart business plan. The local shops put out of business by the big box stores have occasionally found use in the artisanal local market but a lot are just empty. The big box stores are being gobbled up by the on-line giants. Their closed stores are dependent on location and are an awkward size. Recent studies have shown that fewer and fewer people entering a mall use the retail shops that are its financial foundation. They go to malls for food and entertainment, not to shop. The anchor stores may well drag the entire mall down with them. Productivity technology, the source of success for places like Amazon or eBay is transforming the consumer economy, which is the dominant sector of the over-all US economy. We are heading for a new world and are grossly unprepared to deal with its challenges.
The local paper ran an article recently on how the department stores are looking at subleasing out space to smaller vendors. This has been done somewhat already, I remember a Sun-Glass Hut inside a Macy's store. It will be interesting if that strategy makes much of a difference. Carlos Slim's blog is leasing out the top 8 floors of their building...
New York Times Will Vacate 8 Floors In Its HQ To Generate "Significant Rental Revenue"
Remember when The NYT reported that its ad hoc campaign to boost revenue by selling subscriptions in response to the vicious back and forth with Donald Trump, was said to be a smashing success? Perhaps it was subscriptions for the crossword puzzle because it appears the monetary success was not smashing enough, and according to a just released note from executives Arthur Sulzberger and Mark Thompson, the newspaper will vacate at least eight floors in its iconic building, allowing it to "generate significant rental income" because it is "frankly, too expensive to occupy this many floors when we don’t truly need them."
Maybe the lesson here is that when the newspaper business model no longer works, one can just pivot into a REIT?
The remaining staff will be consolidated on the remaining, redesigned floors in a "more dynamic, modern and open workplace, one that is better suited to the moment."
Furthermore, the NYT publisher and CEO will lose their corner offices, which they call a "vestige from a different era" and will "introduce more team rooms and common spaces."
It is unclear if NYT would distribute pink slips as part of the cost-cutting effort, however as the letter adds, "in the end, these changes will impact every employee at 620 Eighth Ave. In the near term, we will have to move about 400 employees out of the building to nearby office space while the first phase of work is completed. We expect that group, which includes parts of marketing, technology, the newsroom, news services, corporate finance and print products and services pre-press operations, to move in the first quarter and return by the end of 2017. Your manager will notify you if your position is affected by this temporary move. We understand and appreciate the disruption this will inevitably cause and we will do everything in our power to mitigate it."
But aside from all that, subscriptions are soaring, we promise.
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Only liberals can choose not to go down the road to widespread, systematic violence.
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PATruth
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Jan 5 2017, 02:17 PM
Post #40
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- CautionaryTales
- Jan 5 2017, 12:32 PM
Relax PA. Trump will fix it. He said so. I am very relaxed but reality tells me one man can't fix what generations of bad public policy has created. One man can't fix bad parenting, substandard schools and societal problems like drugs and broken families. Personal responsibility is the real answer but that doesn't sell well. We've been trained to think a new law or a new government program can fix everything. Solutions are seldom easy, especially if we put it on the shoulders of one man. It's your family and your neighborhood, therefore it's your responsibility.
Edited by PATruth, Jan 5 2017, 02:18 PM.
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"No. No he won't. We'll stop it."
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