5 retailers closing the most stores

The writing on the bricks-and-mortar walls has been there for years. These companies haven't weathered the competition and are struggling to stay afloat.

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VIDEO ON MSN MONEY

355Comments
Apr 1, 2014 4:35PM
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As a former COSTCO employee, I know this to be true: Costco has a reputation for paying its empoloyees higher than industry standard wages, along with a much better benefits package. For years, the CEO did battle with Costco stockholders who saw this as a detriment to the bottom line--but he proved them wrong--better pay and benefits meant low turnover--it meant productive workers who embraced the company culture. It meant better customer service and a better shopping experience. Today, Costco is thriving while many others all going downhill in a hurry. The moral of the story: Well compensated employees stick around, embrace your company culture, provide better service, and improve your bottom line.
Apr 1, 2014 2:12PM
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People are tired of crappy customer service and products being made in China.  Quit bowing down to the shareholders 24/7 and run a business.  The stock market is not for quick turn around.  It's for longevity, ie; so should your company.  Take care of your people and your people will take care of you.
Apr 1, 2014 1:37PM
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Sears was doomed when it was taken over by people who have no idea how to operate a retail outlet. It seems to be the same for a lot of businesses these days. The accountants figure out how to make the most profit per sale and then they are surprised when people stop coming to their store. There's a little more to being successful than maximizing profit.  People are supposed to like shopping there.  I used to love going to Sears, I bought tires and batteries for my car, shoes and clothing for myself and my family, washers and driers, refrigerators, you name it. It's just not a good place to go anymore.  
Apr 1, 2014 12:08PM
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Healthcare Law Reaches New Phase

 

Phase 1 - Pass It Without Reading

Phase 2 - Lie and Stonewall

Phase 3 - Waste A Ton of Taxpayer Money on a Crappy Website.

Phase 4 - Stall Until After the Elections - (The new phase)

Mar 31, 2014 7:09PM
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gee, every night our nightly corpo propaganda news raves about the booming economy...?what up?
Apr 1, 2014 4:39PM
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More and more I'm refusing to buy crap made in China, because I get burned nearly every time I do. Companies like these are making more and more products in China (see: Sears Craftsman tools) and I'm refusing to buy it. I hope other people are too - it will be better on your wallet in the long run if you buy one quality product that lasts a long time vs a dozen Chinese products that last a short time.
Apr 1, 2014 1:36PM
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What in the world is wrong. Supply and demand is the main stay for business, not to mention the terrible service from people who are just trying to get by pay check to pay check. You get what you pay for. When companies get off their greedy high horse maybe the rest of us will spend a little more.
Apr 1, 2014 2:06PM
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Sears is basically doing a (slow) self-liquidation....eventually it'll have no more assets to sell off. Almost like a chapter-7 without the court.
Apr 1, 2014 1:42PM
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Good, maybe the politicians will finally get their heads out of their cracks, hop out of the back pockets of the CEOs of the billion dollar global corporations and oil makers who launder their money overseas to avoid paying taxes, and force them to see that jobs NEED to return to America so many of us can continue to purchase some of these items to keep some of these businesses open. Too much greed only destroys the American economy. Fair trade agreements will help the American economy.
Apr 1, 2014 2:52PM
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unemployment statistics may be down, but so are prevailing wages vs. cost of living. until that equation balances retail spending will continue to disappoint the greedy f..*s that get paid millions to make bad decisions.
Mar 31, 2014 9:10PM
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In spite of every indication that we are in a Depression and massive debt is accelerating our crash and collapse... wealth keeps getting richer. Are they pus in a pimple coming to a head to get popped? The markets are a complete departure from reality, now if only we can begin departing those in the markets- then we can start recovering.
Apr 1, 2014 6:12AM
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How about closing Wal-Mart altogether.  The world would be a better place
Apr 2, 2014 10:24AM
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Retail stores are closing but we'll keep being told how strong the economy is.
Apr 1, 2014 12:50PM
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I'd take you over Obummer Little Beav...... Let me tell you why. We could do something about you. We can't do anything about Obummer because he is black. Every time he screws something up and people point it out guess what........... we are JUST racist. The same thing will happen if Hillary gets elected. When she fowls things up and anyone dares to point it out........ WAR ON WOMEN.

 

No one can hold them responsible without being negatively branded.

Apr 1, 2014 1:35PM
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Most of these stores are dead and don't know, even mouth to mouth would be hopeless.
Apr 2, 2014 11:19AM
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When will the people who do nothing but take from the working people be called greedy?


Why is it that because I want to keep more of money instead of support generations of non-producing people, I am called greedy and selfish?   How about the people that take my money for doing nothing?  Isn't that greedy and selfish?


I don't mind helping those that need, but I feel taken advantage of when I see what's going on.

Apr 1, 2014 11:08AM
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i have said it before  selling less  of something  and charging more for  it is not  growth like 7 million signed  up  but  where is the  prove . big money and the media  must think us human being  are completely stupid . bottom  line if we don't  buy all these lies will show  up . me if i can live without  it  i don't  need it . far  cry from 10 years  ago  i  bought  it sometimes  rather i needed it  or  no but i was middle  class  and could afford to be foolish  once in a while.
Apr 1, 2014 2:20PM
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Barry 0bama and the Democrat-Socialist Party OWN this economy. We are STILL in a Recession.
Apr 1, 2014 1:36PM
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Complex changing world and the only certainty is change itself. Leave out single blames which means very little, in business changing with the times is a crap shoot -- I wish I knew the answers as in; i.e. Why did Montgomery Ward stores close up... what did they do that was so wrong as with other big companies in the past. Technology, loss of our manufacturing, aging population, government, world competition, loss of unions?  You add to the reasons pot, stir and see what or if there is an answer.  
Apr 1, 2014 1:45PM
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Wished this named the Obamascam as the next thing going out of business. Stay tuned for the next catastrophic event.
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