Lookey here, lookey here... "The first Sears retail store opened in Chicago on February 2, 1925 in the Merchandise building (in a portion of the company's headquarters at Homan Avenue and Arthington Street). This store included an optical shop and a soda fountain." What the heck we got going on in our local WMT? An optician and a subway. << Ecclesiastes 1:9 >> "That which hath been is that which shall be, and that which is done is that which shall be done; and there is nothing new under the sun." p.s, thought I'd throw that in there for those Bible traders.
More like a sign of bad management. These stores are a joke. Does Fast Eddie still have a boatload of SHLD stock?
Sears' bankruptcy is inevitable So the question why the heck new owner invested in this 4-5 years ago? Because there was and still is so much stupid money floating around. go to any Sears store, the clientele is either Hispanic or white trash
From 2009 to now Macy's is doing very good in the bad economy. 2 year uptrend. For the holidays for extra money I take part time 2 nights work with them temporary to do the makeover for girls in their cosmetics department. Macy's was very very busy for christmas and they sell a lot of Lancome,Laura Mercier, Clinique and more cosmetics. Look to their 5 year chart. http://ycharts.com/companies/M
And did the Bible not also say, "Thou shall not covet thy neighbor's property (nor his trading margin account via online trading)?" Shame on you!
Because many of the stores were free standing, not some mall tenant, and the real estate they were sitting on held some considerable value when the deal was done. You know the story since then.
I don't! lol, mind elaborating? I know that since '05-06, SHLD major source of revenue came from trading and not actual sale of goods. Been a steady downhill ever since. But just how much is SHLD real estate sitting on is what i'm having a hard time finding?
The local K-Mart in my neck of the woods is being closed. It's infamous for a nut going on a killing spree back in 1985. Can't remember the last time I went there. Place was always dumpy with one checkout counter open. Property is highly valued in this area though, and I expect some retailer to scoop it up pronto. http://www.nwitimes.com/news/local/lake/43d5ae68-4706-5e09-8693-3be605f78fa4.html