[PLUG-TALK] Sears doomed
rshepard at appl-ecosys.com
Fri Jun 1 11:02:41 PDT 2018
On Fri, 1 Jun 2018, Keith Lofstrom wrote:
> They blew through the $50 I paid them, too. I expect neither the part, nor
> a refund. My losses are tiny compared to their long term employees, who
> may lose their pensions as well as their jobs.
Yesterday Sears Holding announced closure of 74 stores.
> Sears used to be a great company; now they are toast. They will probably
> take K-Mart (their nominal owner) down with them. Warn your friends.
JC Penny is in the same leaky boat.
The large, nationwide brick-and-mortar (or cinderblock) retailers didn't
respond to the likes of Amazon so it's not surprising that they're on the
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