6 Brands That Might Not Make It Through 2015?
- Thread starter Wolf
- Start date
They made it through the Great Depression, but they can't withstand Walmart & Amazon
Sears seeks to stem bleeding: Closes 150 more stores, sells Craftsman brand
Sears seeks to stem bleeding: Closes 150 more stores, sells Craftsman brand
I was just about to post this.
I'm surprised that my local Sears isn't on the list.
I had noticed that they took my advice and sold Craftsman too.
I'm surprised that my local Sears isn't on the list.
I had noticed that they took my advice and sold Craftsman too.
My local Sears gave-up their 2nd floor to Dick's Sporting Goods. This forced the Sears to finally clean-up and rearrange their 1st floor, and it actually looks much better.
My local Sears here in Grand Rapids is closing. It was one of the original tenants at Woodland Mall when it opened in 1968. Thankfully, the mall is doing quite well and the owners will soon announce its replacement. It's two stories, so I'm guessing Younkers.
The last time I was at Sears, I was looking for a pump for my air mattress and the people there were anything but knowledgeable. One associate, an old Bosnian woman screamed at me. Ugh.
Where I grew up in northern Michigan in the town of Acme, the Kmart there is closing, leaving Traverse City with only one location at the Cherryland Center (formerly a mall, now an outdoor power center). It was built at the site of the Tanz Haus, a popular venue for rock artists in the 1960s. Most of the acts that played there were unknowns, but one guy that played there did make it big: Bob Segar.
The last time I was at Sears, I was looking for a pump for my air mattress and the people there were anything but knowledgeable. One associate, an old Bosnian woman screamed at me. Ugh.
Where I grew up in northern Michigan in the town of Acme, the Kmart there is closing, leaving Traverse City with only one location at the Cherryland Center (formerly a mall, now an outdoor power center). It was built at the site of the Tanz Haus, a popular venue for rock artists in the 1960s. Most of the acts that played there were unknowns, but one guy that played there did make it big: Bob Segar.
My Mom lives in Phoenix and a ton of Kmarts have closed around her.
UPDATE: Woodland has announced a $100 million expansion where the Sears property will be redeveloped. Word has it that Von Maur will take over part of the Sears property and several other retailers such as Dick's Sporting Goods and The Container Store are all involved, too.
Staples to close 70 stores nationwide | Daily Mail Online
they got fucked when the staples/office max merger was denied. my pops was watching that closely a year ago cause he was thinking about getting their stock.
i guess it would have formed brick and mortar monopoly but with amazon as such a juggernaut for office supplies and everything else i thought it would have been allowed since they are clearly competing.
they got fucked when the staples/office max merger was denied. my pops was watching that closely a year ago cause he was thinking about getting their stock.
i guess it would have formed brick and mortar monopoly but with amazon as such a juggernaut for office supplies and everything else i thought it would have been allowed since they are clearly competing.
Payless Shoesource files for Chapter 11, will close nearly 400 stores - MarketWatch
Amazon, Walmart, Zappos, Crocs, all selling shoes for much less than you'd pay Payless (even though they were your cheapest brick and mortar option outside of Wally World.)
I got tired of being asked about their rewards program every time I made my once every few months trip to get shoes. I buy off Amazon now. I think a lot of people are doing the same.
Amazon, Walmart, Zappos, Crocs, all selling shoes for much less than you'd pay Payless (even though they were your cheapest brick and mortar option outside of Wally World.)
I got tired of being asked about their rewards program every time I made my once every few months trip to get shoes. I buy off Amazon now. I think a lot of people are doing the same.
I'm not a snob (though nearly everyone thinks I am), but I physically can't handle Payless; the level of plastic fumes in the store rivals a Korean nail salon.
Also, my impression is that they don't sell name-brand shoes. And while I'm not a fan of any chain shoe store, I find that DSW sells name-brand shoes.
DSW sells brand names, but for Johnston and Murphy at least, it's old stock, last year's shoes that have been shipped to the outlet stores. I'd rather go to the Johnston and Murphy outlet store. They have more than shoes.
I saw an article that said that spending habits have changed. 20% less on retail, 20% more on restaurants and travel. It's the social media effect: spend more on things you can post about online.
And probably more of a minimalism effect where you spend more on experiences than 'things'. Going to a nice restaurant, or a vacation, or a concert is all about the experience. Where if you buy a new phone, it's a thing, that'll eventually break.
And maybe spend less on retail because of discounting. The internet facilitates optimal commodity pricing, the "race to the bottom".
But high end retail is booming. Houston's hoity-toity mall has grown hoitier and toitier throughout the rise of Amazon, and spawned neighboring high end centers.
People who do not need discounts still want to touch stuff before they buy it.