7 retailers that are shrinking fast
As US consumers cut down on spending, some retail chains are feeling the pain -- and they have little choice but to shutter their weakest stores.
VIDEO ON MSN MONEY
Sears used to shout in their advertisements in T.V. " Solid as Sears". What happend to the solid?
This prolonged recession has taught a lesson to the average customers that they were all in a
mad house shopping paranoia, bought far more quantity of everything than they were in need.
I used to watch a charity organization's drop off door, the door was packed with clothings and everything else, now the door is opened and nothing can be found there. Everybody is watching their hard-earned money, and the plastic cards issued by the banks are not dancing much.
I’m sad about the imminent loss of Sears. The writing is on the wall. Their employees were once helpful and actually know what they were selling. They cut their pay and benefits and all that knowledge left the sales floor.
Until recently I exclusively purchased Craftsman tools. They weren’t Snap-On, but were definitely good enough for a hobbyist like myself (and once carried a great warranty; but now they are reluctant to honor). I had to get a cheap ratchet and a few sockets in a pinch. I went to Harbor Freight and got their $10 ratchet and was shocked; it blows my craftsman ratchets out of the water. I didn’t like the fact that it was made in China (as is all Harbor Freight tools), but every time I go into Sears I notice that more and more Craftsman products are made in China.
My local store is always dirty and smells. I once went in for some plastic collapsible sawhorses. All three sets on the shelf were broken (grabbed some for less at the Lowe’s across the street). Every time I went in after that I always looked to see if the broken sawhorses were removed from the shelf……..it took over three months!
That’s the story of Sears; broken and nobody is making any real effort to fix it.
Shocking to see Sears folding. It used to be a great place to shop until greed set in. Back when it was Sears and Roebuck they sold everything. Sad to see it go.
About 1950 I worked in a Sears store in the work clothes dept a few months. There were 3 full time and 2 part time employees. Now, there are not that many employees in the whole clothing dept.
I spent 35 years with Sears.
Afirmative action started the downfall.
The Premadonas, became disgusted with the direction and started building towers ect. and forgot that a sales force, built the Company.
It seemed that everytime the Co. anounced a reduction in employees ( which was mostly Sales force) The stock would go up. Which seemed to to confirm it was the right move.
Sears was a wonderful Co. for it's employees and the customer for many years.
It has had miserable management from Junior to the top, for the last 20 years.
I for one won't be sad to see it go.
I was sorry I had my A/C and furnace put in by Sears earlier after the bad experience I had with them.
I also had my water heater looked at that I had bought from them earlier. They had sold me a defective water heater. I asked them to fix it. OH Boy was that a hassle.
I promised my self not to buy anything from them ever again.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market finished the Tuesday session on the defensive after spending the entire day in a steady retreat. The S&P 500 (-0.6%) posted its third consecutive decline, while the small-cap Russell 2000 (-0.9%) slipped behind the broader market during afternoon action.
Equity indices were pressured from the start following some overnight developments that weighed on sentiment. The market tried to overcome the early weakness, but could not stage a sustained rebound, ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'