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Both Sears and Macy's have been in financial trouble for many years. This is not a surprise.
The Sears store nearest to us (over in Pennsylvania) has closed within the last year. By the way, that area is anything but a "less booming" area. The growth in that area (Western PA) has been quite robust in the last decade, where we've seen a large new shopping mall open, and major development around it. Home Depot built a store in the area, and also Lowe's.
But failing companies will close. Radio Shack has also closed it's store in that area (another company that has had financial difficulty for many years).
I realize you're trying to equate this with President Trump's policies somehow.
Both Sears and Macy's have been in financial trouble for many years. This is not a surprise.
The Sears store nearest to us (over in Pennsylvania) has closed within the last year. By the way, that area is anything but a "less booming" area. The growth in that area (Western PA) has been quite robust in the last decade, where we've seen a large new shopping mall open, and major development around it. Home Depot built a store in the area, and also Lowe's.
But failing companies will close. Radio Shack has also closed it's store in that area (another company that has had financial difficulty for many years).
I realize you're trying to equate this with President Trump's policies somehow.
Thread Fail!
Actually, on my Macy's thread, you will find my post stating that I did this for sarcasm and I don't personally believe it's Trump.
But, nononsenseguy, let me ask you this: if we can have thread after thread of economic success stories posted on the Politics and Other Controversies board (and all of them are attributed to Trump, BTW) should we not also be posting stories about areas of the economy that are not successes? Because there are winners and losers in every economy.
I'll ask another question also: If Macy's and Sears announced yesterday and today, that they were opening 100 new stores and hiring another 5,000 employees, would you have credited Trump for that? You actually don't have to answer because I already know what you answer that.
Online shopping is eating bricks and mortar stores for lunch.
Convenience, cost, selection, ... all factor in.
Customer service is the only advantage physical stores have and Sears has been on a downward spiral in this area for some time.
I love shopping online from the convenience (and warmth during winter) of my home. Often, you even get free shipping. Why go out when you can find what you want online?
By the way, we shop at Walmart online, and have also bought online from other retailers (J.C. Penny, Kohl's, etc) that also have "brick-and-mortar" stores, so it isn't just Amazon and other non-brick-and-mortar retailers that are the reason for store closures.
How is online shopping different from catalog shopping which made Sears so famous for so many years? I don't remember any Sears stores anywhere in our area as a kid. It was always the catalog that my parents bought from.
I also knew Radio Shack as a catalog retailer as a kid. There were no Radio Shack stores that I know of.
I never shopped at Sears for clothing. For a woman, I think their clothing is just awful and always has been. However, I sort of liked their appliances back in the day. I think most people in my area are not getting appliances through Home Depot, Lowe's, Best Buy, etc. I absolutely HATE going into those stores for appliances because you can't get a person to even look at you. I just wonder why they couldn't keep afloat in, at least, that department.
I have never had a problem getting sales people to help me at Home Depot or Lowe's. And their people have always been knowledgeable and friendly. We have always bought pain at Home Depot, and Behr paint is the best!
Sears employees anticipating layoffs might want to consider applying at UPS and FedEx, as those delivery giants are reaping the rewards of online merchandising.
Sears has been doing as poorly as it has because the CEO believed he knew better than the customers. Would they be the center they were in the past? No, but ego has really hurt them.
Eddie Lampert was the worst thing to happen to that company. He's just milking the real estate for all it's worth. You better believe he's gonna make out like a bandit when Sears finally goes under.
The idiot at Sears who bought Kmart years ago should be shot.
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