Stores going out of business

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

  1. Jul 6, 2017 #61 of 300
    inkahauts

    inkahauts Well-Known Member

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    Wow. Wonder if they will keep both brands separate or try and merge them together. In California we do not even have a Cabelas.
     
  2. Jul 6, 2017 #62 of 300
    TheRatPatrol

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    And now QVC is buying HSN.
     
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  3. Jul 7, 2017 #63 of 300
    longrider

    longrider Well-Known Member

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    I suspect they will keep them separate. Most modern mergers with the exception of airlines they keep all the brand names. I have to wonder if that is because they dont want to alienate established customers or they disguise how merged everything is.
     
  4. Jul 7, 2017 #64 of 300
    James Long

    James Long Ready for Uplink! Staff Member Super Moderator

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    If the stores are different enough keeping the brands separate works. For example, Sears and Kmart. While Kmart has added product lines to enhance their image over the years, Sears is usually thought of as a "higher class" store than Kmart. One will usually find a Sears store in a larger city than a Kmart store (at least where I have looked). (Unfortunately the bankruptcy has reduced the quality of both Sears and Kmart so the distinction is being lost.)

    If Cabella's is unique enough to keep separate then expect the brand to remain.
     
  5. Jul 11, 2017 #65 of 300
    billsharpe

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    Costcos are crowded, Walmarts and Targets are busy, KMarts are virtually empty, and our local Sears store closed a couple months ago.
     
  6. Jul 11, 2017 #66 of 300
    James Long

    James Long Ready for Uplink! Staff Member Super Moderator

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    More Sears/Kmart closings have been announced. The Kmart store I thought was already closed is closing along with three Sears stores in Indiana. 43 more stores gone by the end of October (and there will probably be more announcements).

    It is sad to see stores close but I can't remember the last time I shopped in some of these locations. So it is more of an academic thought than a closing that affects me.
     
  7. Jul 14, 2017 #67 of 300
    jimmie57

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  8. Jul 21, 2017 #68 of 300
    Cholly

    Cholly Old Guys Rule!

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    Interesting -- I received a letter from Synchrony Bank, the issuer of hhgregg credit cards, stating that hhgregg cards are still active, and may be used at a large number of retailers. You can get a list of retailers in your area honoring the cards by going to www.mysynchrony.com/hhg.
    I checked my zip code and came up with a large list of mainly furniture or mattress retailers in my area. Not that I plan to ever use my card again! :D
     
  9. Sep 10, 2017 #69 of 300
  10. Sep 19, 2017 #70 of 300
    jimmie57

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  11. Sep 19, 2017 #71 of 300
    Rich

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    Never understood how they stayed in business. I get the winter holiday season, but I've never seen our local store crowded the rest of the year. I've been buying Sadie toys on Amazon and I gotta say: What a bunch of crap! Expensive junk. I just bought her a kid's ice cream maker, the "ice cream" tastes like cake icing, 50 bucks and she used it a couple hours then gave up. Very disappointing. Could have bought a real ice cream maker, but she had to have that one...

    Rich
     
  12. Sep 19, 2017 #72 of 300
    inkahauts

    inkahauts Well-Known Member

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    If you had a kid today, you’d be in often if there was one near by. I have several friends with two year olds and it’s a stopping place often enough. They truly make their money at the holidays though. They just have to run close to flat during the year, and that’s what has been hard lately. I think to many of these retailers going out the story of the ridiculous rent the buildings are asking is not enough of the story. They are gouging retailers like their is no tomorrow in many places, and they are helping kill off their possible renters.
     
  13. Sep 20, 2017 #73 of 300
    Rich

    Rich DBSTalk Club DBSTalk Club

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    Had a kid for nine years now and she never wants to go there. She's an Amazon fan. I read a good story in the Daily News today, let me find it...Got it, here's a link: Toys R Us joins bankruptcy list as Amazon exerts influence

    Rich
     
  14. Oct 10, 2017 #74 of 300
    jimmie57

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  16. Dec 17, 2017 #76 of 300
  17. Dec 31, 2017 #77 of 300
    dtv757

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    Amazon killing retail jobs again ... smh

    Sent from my mobile device using Tapatalk
     
  18. Dec 31, 2017 #78 of 300
    Herdfan

    Herdfan Well-Known Member

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    Yes, but the BIG hit is going to come from shopping center developers closing down. The economy can absorb a few retail jobs being eliminated, but what is going to happen to the banks/investment companies who lent millions to fund malls and shopping centers. Plus the cities tax bases will also take hit. Going to be ugly in a few years.
     
  19. Dec 31, 2017 #79 of 300
    inkahauts

    inkahauts Well-Known Member

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    They will alter their formats. Many in this area are now adding more and more food places. That brings in the people still. Heck they are building an entire new mall on Long Beach and they flat out said it will be over 30% restaurants of all sorts to drive the business.

    And sears screwed up years ago when it didn’t think to try and become amazon in the first place. We’ll see if they can get there now. Frankly if I was amazon I’d consider buying sears. Theyd have to close some more stores but the infrastructure of locations would be very helpful and fruitful for them.
     
  20. Dec 31, 2017 #80 of 300
    Rich

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    They were the Amazon of the 20th century when you think about it. Or as close as you could come without the technology we have today. Kinda feel sorry for the small retailers but Amazon has done a wonderful job of making shopping...easy. And they have now put the ATVs on Amazon! Finally.

    Rich
     
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