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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.
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.