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RE: BREAKING: Sears closing 150 stores & selling the Craftsman brand for nearly $1 billion to Stanley Black & Decker!
First The Bay, then Zellers, now Sears. This is the end of the age of Big Box stores. Times are changing and if you do not change you can become extinct. Who moved my cheese?
The main owner of Sears Holdings has done 2 or 3 restructuring moves I learned recently, when I was X-reffing my research on this story today.
You are right. And the cheese line, is one I have not heard in ages, TY for that!
Yes, being in Canada like you we have seen some related changes like you mention.
That aren't named Wal-Mart...
But that said......Wal-Mart stock went nowhere from 1999 to 2011. It's picked up more recently, but not by all that much.
Eventually, Wal-Mart will become yesterday's company. If it can happen to McDonald's, it can certainly happen to Wally World. (Just think of all the burger chains that have started up in the last 25 years which have taken square aim at "McDick's".)
When Walmart went public they were one of MIke Milken's junk bonds...I bet he didn't get sued over those!!!
No, I bet was wasn't ;)
Agreed, Amazon is the new Walmart.
That's what it's becoming....
You can't stop the machine. You now have cheaper and cheaper products. Workers canned into a warehouse for 12 hour days. I like Amazon's products, speed of delivery but they will eventually be almost 100 percent automated. So those jobs like may others today will be eliminated by technology. Technology always wins.
True, that.
And here in Canada we had Target. For a little while anyway.
It lasted less than two years, and ended about two years ago:
http://mashable.com/2015/01/15/target-shut-canadian-stores/#FEV64.zYekqz
That's because target thought they could buy all the ghetto Zellers stores and revamp them into Target. But they forgot Canadians already new what to expect from the U.S chain. I once went back to Canada on a visit and new immediately the stores would fail. You could tell they just slapped everything together.
Step foot once in a Target in Canada (never in the U.S.), bought some things, and thought it felt wide and empty (specifically of people shopping).