I wonder how much longer Sears will be around. Most of their stores are old and unattractive and most of their merchandise is old-fashioned and outdated.....and does anyone younger than 40 ever shop at Sears?
Sears is closing its last Chicago store after 80 years in business
http://www.businessinsider.com/sears...o-store-2018-4
I can repeat what I said in the previous post. Sears' sales have steadily fallen in 26 consecutive quarters. Yikes!
Sears to close 72 more stores amid plunging sales
http://www.msn.com/en-us/money/compa...D=ansmsnnews11
The way things are going they'll soon end up like Carsons......Kaput.
Hudson's Bay Company, the parent company of Saks Fifth Avenue and Lord & Taylor, was founded in 1670 and is the oldest commercial enterprise in North America. Of course in the 17th century they didn't have to worry about losing business to online sellers.
Hudson's Bay to close 10 Lord & Taylor stores, including flagship location on Fifth Avenue in New York City
http://www.usatoday.com/story/money/...nue/672197002/
The store chain is Target -- and certain races of people seem to be targets as well. In February, a clerk at a Minnesota Target clerk accused a black shopper of planning to steal headphones. Now we have this incident:
Target store in Michigan fires security guard after black customer says she was racially profiled
Security guards forced Ashanae Davis, 20, to lift up her shirt and pull down her pants to prove she hadn't stolen a bikini.
https://www.nbcnews.com/news/nbcblk/...cially-n879866
The inside of the card wished a happy Fathers Day to "a wonderful husband and father" but people were offended by the front of the card, which showed a black couple kissing and the words "Baby Daddy." Don't people have bigger issues to worry about?
Target pulls 'Baby Daddy' Fathers Day card from shelves; American Greetings apologizes
https://www.cbsnews.com/news/target-...gs-apologizes/
Show of hands: How many knew JCPenney owned three Gulfstream jets? Next question: Why?
New JCPenney CEO won't have one big perk his predecessors enjoyed
Three corporate jets are up for sale, expected to fetch $20 million.
https://www.dallasnews.com/business/...essors-enjoyed
JC Penney tried, and failed, to attract younger customers. Sears and JC Penney may eventually go out of business like Hecht's, Mervyn's, Toys Я Us, KB Toys, Tower Records, May Company, Montgomery Ward, Circuit City and other retailers.
JC Penney abandons millennials as it weathers an identity crisis
https://www.msn.com/en-us/money/comp...9gU9?ocid=AMZN
James Cash Penney opened the first JC Penney store in 1902 in Kemmerer, Wyoming. There are now 860 JC Penney stores in the United States and Puerto Rico but I have a feeling they may not be around much longer.
JCPenney's latest results are absolutely dreadful
CNN, Aug 16 2018 11:37 AM
It's hard to imagine how the situation could get any worse at JCPenney, which was once a powerhouse of retail. Its stock plunged nearly 25% today to a new all-time low below $2 a share after the company's latest dismal results. JCPenney continues to lose money. It recently closed more than 100 stores. Sales are falling. It just cut its outlook for the year. And, oh yeah, it doesn't have a CEO. JCPenney now has just $182 million in cash left, a more than 40% drop from a year ago. and nearly $4 billion in long-term debt. And while other big retailers such as Walmart and Best Buy have invested heavily in digital operations to catch up with Amazon, JCPenney -- much like the equally floundering Sears -- is way behind.
https://money.cnn.com/2018/08/16/new...ail/index.html
In case you're wondering, O'Neal, who played for six NBA teams, 1992-2011, is 7-foot-1 and weighs 325. Will his new branded clothing line help boost JC Penney's fortunes? Well.....it couldn't hurt.
JC Penney launching big-and-tall brand with Shaquille O'Neal
MarketWatch, Aug 20 2018 11:19 AM
JC Penney said today it is launching an exclusive big-and-tall brand with Shaquille O'Neal that will feature men's clothing and accessories. Shaquille O'Neal XLG will including 60 styles including shirts, ties and belts at affordable prices with separates and sports coats to size 64 and belts to 4XL. O'Neal became a JC Penney big-and-tall brand ambassador in March.
https://www.marketwatch.com/story/jc...eal-2018-08-20
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