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.
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I agree that company executives are paid way too much , but that is not all the problem.
much of the problem has to do with the kind of people Sears & other companies hire
to be managers in their stores. who wants to talk to someone who doesn't know one end
of a tool from another, or is more concerned about texting someone instead of taking care of the customer. whatever happened to the day when you could walk into a Sears store & be greeted by
a proffessional person who knew what they were doing.now it is someone with their hair six diifferent
colors , covered with tattos & body pierceings & greeting you with" what's up dog" . i believe any sucessful business starts with how well you take care of your customers.
these companies are slowly going out of business due to our lousy economy, better ways to shop(online, downloads, my habit an amazon company), and the fact a very good number of people want to buy in the privacy of their own homes. the only things i buy in store are beer, food, etc.
Companies are going about this all wrong. If they would just forgo some ( a percentage or two) of their profits and hire people, who would then be able to purchase things they would actally have a greater sustained profit margin. Instead they want just profits at the expense of jobs which makes it impossible for people to buy things, which causes companies to loose business, which lessens profits, which closes stores, causing loss of jobs, and on and on it swirls.
If they all want to go out of business, lessen profits for years and years, then continue to lay off people. When no one has the $ to buy even necessities I guess we will all be in the bread line soon.
People all over the country did not forget the corrupt business practices of Blockbuster; a minute late or an employee failed to empty the bin and you were billed $4.50 late fee automatically. When will greedy corrupt American corporations learn that sound and fair business practices work well every time when mixed with quality personal customer service. Customers will always want to come back - the magic of residual revenue.
This is sad, but it's been a long time coming for more than just the fault of the fat cats(CEO's) Each of us as Americans have allowed this to happen.
Sears due to us Americans had no choice but to change where it got its products, because we allowed the NAFTA agreement without setting strong standards...cheap is what we wanted...it's what we got....here's the end result years later..
Then as Americans we have Voted for a President...who could give two jacks. Odumba is smiling all the way to his island, where he will watch America crumble when his term is over...Hey....you voted for the jack!...or you didn't leave your home and care enough to vote..
The truth hurts, but my dear Americans, we've allowed this...each event...each CEO...each president...import....unions... consumers...wage demands.....We distroyed ourselves each day for years.... so really who do you want to point your finger at?
Might want to look in the mirror.......Ohh and don't worry....all this will take care of itself..... whatever....
I agree with the comments here. One mind set I see with consumers is they all want the best deal and big discounts. The stores drop prices to lure you to there store especially around Christmas time.
We can't expect to earn a higher wage and then shop for $8 shirts. The people sewing the shirts deserve a good wage also. I hear many people complain about there pay scale and want the products made in America but arn't willing to pay top price so the workers here can earn a good wage. You can't have it both ways.
I agree completely with mistylite. So many of us are working at low-paying, non-benefit jobs. Management is inept. People are being treated like little more than galley slaves, all in the name of the almightly corporate profit. It's a sad state of affairs when decent folks with a strong work ethic are relegated to minimum wage drudgery. Yet the corporate higher-ups, who are not marketing their companies successfully (probably too stupid to know how!), make millions a year.
What has happened to our country????
I avoid Kmart as much as possible. It's the Radio Shack of the 80's - I have to play 20 questions to pay $2.99 for a stick of deodorant.
Do you have a rewards card, what is your phone number, would you like to sign up for rewards plus, would you recommend shopping here survey (NO), do you want the warranty... then wait for a 3 ft register tape in 4 pieces to print...
You want to cry about overpaid CEO people, how about all the pro athletes and hollywood people??
Sears (and Roebuck) used to be a major player, I have all Craftsman tools and always shopped there - since the early 80's. They switched my sears card to a Gold card then to Citi Bank-at 24.99%. I got a separate offer from Citi for ZERO % for 12 months and then 12.99% thereafter, A call to sears customer service (thats what they called it) ended in them losing a 30+ year customer ! Too bad when they DO go under that the big whigs still walk away with a bonus- Thats whats wrong with America!!
Most CEO's of every company are drastically overpaid. They don't understand who is the back-bone of their respective companies. I use the U.S. Post Office as a prime example.
Eddie Lampert did not invest in Sears because he thought Sears was a great merchandiser. In the mid 2000's the real estate value of Sears locations was the driving force for the investment. The whole concept from the get go has been to extract value from the company through real estate divesture.
Selling Craftsman tools and Kenmore appliances was simply a means to an end while this real estate unbundling process was allowed to move forward. Sears employees were to be just pawns on the corporate chessboard until the real estate and brands were sold off which at that point...poof... they would be fired!.
Then the real estate Commercial Market crash came in 2008 which drove a nail in that money-making strategy forcing Sears to reconsider staying in business for a few more years to buy time until the commercial real estate market recovers. They don't invest in stores because that is considered throwing real value down the toilet. That is why the Sears experience of 1985 is the same as it is today-- a trip down memory lane providing an outdated and dull shopping experience.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
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