Sears on its way out......
Sears is on its way out.......
Sears a once proud name with a 120 year history in the United States is in the process of going extinct.
They executed the same (supposedly) winning strategy of filling their store shelves with Made in China merchandise, and then attempted to sell it to unemployed Americans.
Unfortunately (as we see over and over and over and over) the strategy is a failure.
You would think eventually somebody (other than me) would figure out what the issue is….. but nobody ever does.
If you like Sears you should go now because sooner (rather than later) they won’t be here anymore.
Think about that. 120 years Sears survived everything. Two World Wars. The great depression. Countless recessions. Social upheavals. Doughts, storms...... Whatever happened (decade after decade) Sears survived.
But one thing no company can survive is the offshoring of all the jobs. There is no way to survive that level of stupidity.
When Sears had store shelves full of products that were labeled "Made in the USA" they never had these issues.
http://dealbook.nytimes.com/2013/10/29/sears-considers-split-of-lands-end-and-auto-centers/?_r=0
To help raise cash for the future, Sears announced on Tuesday that it was looking to split off its Lands’ End and Sears Auto Center brands, two of the company’s best-known assets. It also said that Sears Canada, which it controls, had sold five store leases for $384 million.
Sears said the moves would let it become more focused company that is easier to understand and to manage,” (There is nothing complicated to understand. The American economy stinks. It has stunk for a very long time. It is going to continue to stink for many years to come. Until that changes, middle class Americans (the ones who shop at Sears) aren’t going to be buying anything. So liquidate away….It is your only option)
On Tuesday, the company also released limited information about its financial performance that suggested that its core retail business was plummeting. Sears said that comparable store sales fell 3.7 percent in the 12 weeks ended Oct. 26 and that it expected adjusted earnings before interest, tax, depreciation and amortization, or Ebitda, of negative $250 million to $300 million.
Gary Balter, a retail analyst with Credit Suisse, said in a note that the early results represented “an amazing rapid deceleration into the abyss for the U.S. retail operations.”
Sears a once proud name with a 120 year history in the United States is in the process of going extinct.
They executed the same (supposedly) winning strategy of filling their store shelves with Made in China merchandise, and then attempted to sell it to unemployed Americans.
Unfortunately (as we see over and over and over and over) the strategy is a failure.
You would think eventually somebody (other than me) would figure out what the issue is….. but nobody ever does.
If you like Sears you should go now because sooner (rather than later) they won’t be here anymore.
Think about that. 120 years Sears survived everything. Two World Wars. The great depression. Countless recessions. Social upheavals. Doughts, storms...... Whatever happened (decade after decade) Sears survived.
But one thing no company can survive is the offshoring of all the jobs. There is no way to survive that level of stupidity.
When Sears had store shelves full of products that were labeled "Made in the USA" they never had these issues.
http://dealbook.nytimes.com/2013/10/29/sears-considers-split-of-lands-end-and-auto-centers/?_r=0
To help raise cash for the future, Sears announced on Tuesday that it was looking to split off its Lands’ End and Sears Auto Center brands, two of the company’s best-known assets. It also said that Sears Canada, which it controls, had sold five store leases for $384 million.
Sears said the moves would let it become more focused company that is easier to understand and to manage,” (There is nothing complicated to understand. The American economy stinks. It has stunk for a very long time. It is going to continue to stink for many years to come. Until that changes, middle class Americans (the ones who shop at Sears) aren’t going to be buying anything. So liquidate away….It is your only option)
On Tuesday, the company also released limited information about its financial performance that suggested that its core retail business was plummeting. Sears said that comparable store sales fell 3.7 percent in the 12 weeks ended Oct. 26 and that it expected adjusted earnings before interest, tax, depreciation and amortization, or Ebitda, of negative $250 million to $300 million.
Gary Balter, a retail analyst with Credit Suisse, said in a note that the early results represented “an amazing rapid deceleration into the abyss for the U.S. retail operations.”
posted by res17 at
November 27, 2013
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