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Stores going out of business

Discussion in 'The OT' started by Rich, Apr 13, 2017.

  1. Herdfan

    Herdfan Well-Known Member

    6,525
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    Mar 18, 2006
    Teays...
    Looks like Sears is close to filing for bankruptcy.
    Sears Hires Advisers to Prepare Bankruptcy Filing

    They recently closed our K-Mart which upset my daughter. For some reason she and many of her friends loved that store. I always though it was a dump.
     
    SamC likes this.
  2. TheRatPatrol

    TheRatPatrol Hall Of Fame

    7,713
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    Oct 1, 2003
    Phoenix, AZ
    It was just a matter of time, I’m surprised they lasted this long.
     
  3. Cholly

    Cholly Old Guys Rule! DBSTalk Club

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    Mar 22, 2004
    Indian...
    Sears has lasted a lot longer than Montgomery Ward, which went belly up in 2001. One wonders how Sears would have fared had they not been bought out by KMart.
     
  4. Nick

    Nick Retired, part-time PITA DBSTalk Club

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    Apr 23, 2002
    The...
    One also wonders why Sears, with its once massive mail order catalog operation, didn't see the future of internet retail and convert to web-based sales, a la Amazon. There's got to be a story there about missed opportunities.
     
    Herdfan likes this.
  5. Mark Holtz

    Mark Holtz Day Sleeper

    10,689
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    Mar 23, 2002
    Sacramento, CA
    Montgomery Wards - 1872 to 2001
    Sears - Founded 1886
    KMart - Founded 1899

    Of course, when your stock is like this...
    SHLD_0.4866_-0.0985_-16.83%__Sears_Holdings_Corpo 2018-10-10 22-55-48.png
    It isn't investment grade.
     

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