Thread Number: 71408
/ Tag: Other Home Products or Autos
Amazon Should Forget Whole-Foods |
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Post# 944854   6/23/2017 at 13:02 (2,470 days old) by mrb627 (Buford, GA)   |   | |
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Post# 944855 , Reply# 1   6/23/2017 at 13:07 (2,470 days old) by kb0nes (Burnsville, MN)   |   | |
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Post# 944858 , Reply# 2   6/23/2017 at 13:39 (2,470 days old) by panthera (Rocky Mountains)   |   | |
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Post# 944865 , Reply# 3   6/23/2017 at 14:45 (2,470 days old) by Iheartmaytag (Wichita, Kansas)   |   | |
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Sear's is a lost cause. Just announced they are closing another 232 stores, 20 more than anticipated. Looks like they are just sitting in the bowl waiting for the final flush.
As for the Amazon, I think it is a brilliant move on their part. This acquisition immediately gives them thousands of distribution centers in local communities to do fast food deliveries.
Dillon's and Wal-Mart are both starting pick up from you car services in our area. Wal-Mart is also talking about delivery services in a limited area. This will be a boon for Elderly and disabled that are unable to shop and drive. Kind of a step back in history where the grocery boy delivers to the house.
Wait-Wait. The whole internet thing is just like a speeded up mail order of yesteryear. Sear's had experience in this area, they just failed to evolve. |
Post# 944868 , Reply# 4   6/23/2017 at 15:02 (2,470 days old) by rp2813 (Sannazay)   |   | |
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Post# 944870 , Reply# 5   6/23/2017 at 15:09 (2,470 days old) by firedome (Binghamton NY & Lake Champlain VT)   |   | |
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Post# 944887 , Reply# 6   6/23/2017 at 16:32 (2,470 days old) by mrb627 (Buford, GA)   |   | |
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Post# 944889 , Reply# 7   6/23/2017 at 16:35 (2,470 days old) by Iheartmaytag (Wichita, Kansas)   |   | |
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Post# 944890 , Reply# 8   6/23/2017 at 16:43 (2,470 days old) by twintubdexter (Palm Springs)   |   | |
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I for one love Amazon. If they cause the demise of brick & mortar stores then so be it. Like Petula Clark sang, "It's a Sign of the Times". Nothing would make me happier than to see over-priced junk stores like Macy's get flushed down the toilet. A victim of becoming too big for their britches, all I ever heard from them during the years I worked there was that they wanted and expected more of everything, especially money. Executives and staff associates were run through the wringer over and over. I quit after attending a meeting during which Ed Finklestien, then CEO, was asked why he wanted to take the successful Company private to which he answered "because I'm sick and tired of having people looking over my shoulder and having to report everything I'm doing". It was the beginning of the end for R. H. Macy & Company. |
Post# 944922 , Reply# 9   6/23/2017 at 20:52 (2,470 days old) by cuffs054 (MONTICELLO, GA)   |   | |
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Malcolm, I like the way you think! |
Post# 949138 , Reply# 10   7/20/2017 at 16:37 (2,443 days old) by Iheartmaytag (Wichita, Kansas)   |   | |
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Just saw this article. It appears that an Amazon/Sears courtship has begun .
I apologize, you are much more insightful than I. I was, however, partially correct. Amazon has everything except the Kenmore name. Now they are selling that.
CLICK HERE TO GO TO Iheartmaytag's LINK |
Post# 954325 , Reply# 11   8/24/2017 at 08:38 (2,408 days old) by CleanteamofNY ((Monroe, New York)   |   | |
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Sears freefall: sales decline another 11.5%
Sales at existing Sears locations fell by 11.5% in the second quarter, underscoring the rapid decline of a business that once defined the cutting edge of American retail, even as the loss came in below investor expectations. Its dismal performance has forced the firm to sell its most valuable assets, namely its real estate holdings and brands like its Craftsman line of power tools, which it let go to Stanley Black and Decker last year for $900 million. Why it matters: There is little doubt left that the only two viable options for nationwide retailers is to go all in on massive scale combined with rock-bottom pricing and convenience, as Amazon and Walmart are doing, or to go after the affluent shopper whose disposable income is, on average, growing rapidly. That's the tack taken by LVMH, the owner of the popular cosmetic store Sephora and luxury retailer Louis Vuitton. CLICK HERE TO GO TO CleanteamofNY's LINK |
Post# 954327 , Reply# 12   8/24/2017 at 08:54 (2,408 days old) by CleanteamofNY ((Monroe, New York)   |   | |
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The killing of Sears is more than closing stores but workers pensions are protected! WOW!
One bright spot came in Sears' reduced pension liabilities. In May, Sears annuitized $515 million in pension liabilities with MetLife Inc. (MET) , which is now responsible for paying benefits to 51,000 Sears retirees. Beginning this month, MetLife will also pay pension benefits worth another $512 million to an additional 20,000 Sears retirees. The moves come a year after Sears entered into a five-year agreement with the Pension Benefit Guaranty Corporation (PBGC) agreeing to ring-fence assets to protect pensioners. Sears is released from the ring-fencing if it reports an 85% funded pension plan in November 2017 and 2018. CLICK HERE TO GO TO CleanteamofNY's LINK |
Post# 954328 , Reply# 13   8/24/2017 at 08:59 (2,408 days old) by Tomturbomatic (Beltsville, MD)   |   | |
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Excuse me, but what's a Bon-Ton?
Thank you. |
Post# 954428 , Reply# 14   8/25/2017 at 05:25 (2,408 days old) by toploader55 (Massachusetts Sand Bar, Cape Cod)   |   | |
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Tom...
They are a department store in Pa. like Hess used to be. www.bonton.com/... en.wikipedia.org/wiki/Hess%27s... |
Post# 954450 , Reply# 15   8/25/2017 at 08:47 (2,407 days old) by joeekaitis (Rialto, California, USA)   |   | |
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. . . and possibly adding another stop for the cost-conscious. CLICK HERE TO GO TO joeekaitis's LINK |