[PLUG-TALK] Sears doomed

Rich Shepard 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.

Keith,

   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
close-out rack.

Rich


More information about the PLUG-talk mailing list