Sears Canada
- Thread starter SkyRider
- Start date
They are all in trouble,... except dollar stores and Walmart.
I still can't believe how short sited importers and manufactures of consumer goods are,...this trend can't continue.
There must be brick and mortar,... to display goods.
Some form of discount must be made available to those retailers who actually display goods,...over those who do not.
It's a shame to see these big retailers vanish.I personally prefer to shop in a store and not online. Sears has always been one of my favourite stores. Get everything from jeans to a table saw.
While I am on a rant,I hate these new open air malls.Who the fuck wants to walk around outside in the winter shopping? Give me the indoor mall anytime.I understand they are cheaper to build and operate,but really,lets freeze our asses off walking from store to store.
While I am on a rant,I hate these new open air malls.Who the fuck wants to walk around outside in the winter shopping? Give me the indoor mall anytime.I understand they are cheaper to build and operate,but really,lets freeze our asses off walking from store to store.
Yeah after years of losses Sears Canada is almost at the end of the line selling off and refinancing assets to raise cash. My local mall still has 100,000 sq ft vacancy from when Target left. Wouldn't be surprised to see another similar hole from Sears in the next year or two maximum. That'll leave HBC as the sole big bricks and mortar retail anchor.
https://www.google.ca/amp/s/www.the...ture-seeks-buyer/article35295798/?service=amp
And an interesting story from the WP documenting the decline of Sears in the U.S.
https://www.washingtonpost.com/busi...ry.html?sw_bypass=true&utm_term=.b69471cfeb6e
https://www.google.ca/amp/s/www.the...ture-seeks-buyer/article35295798/?service=amp
And an interesting story from the WP documenting the decline of Sears in the U.S.
https://www.washingtonpost.com/busi...ry.html?sw_bypass=true&utm_term=.b69471cfeb6e
What part of,..."There must be brick and mortar,... to display goods.",...
and,..."Some form of discount must be made available to those retailers who actually display goods,...over those who do not".,....don't you understand.
I guess with the collapse in retail due to online shopping Sears cant sell their leases anymore
http://www.cbc.ca/news/business/sco...strike-500m-financial-services-deal-1.2636126
Not much they make most of their money from their credit card business
http://www.cbc.ca/news/business/sco...strike-500m-financial-services-deal-1.2636126
They made the mistake of catering to the older generation who are now retired and dead. They never had anything I ever wanted to buy. Fashion was alway older and out-dated, prices were way to high. I am not a big online shopper unless it is a place like Costco where I know I can take it back if something it wrong. So while I think that some stores have had a hard time dealing with online shopping stores, I don't think that is the only reason.
They bet on the people who had money at the time, not including the people that were going to have money in the future.
They bet on the people who had money at the time, not including the people that were going to have money in the future.
Does that mean you disagree,...and have an alternative view point on what I posted,...???
They cancelled mine. I barely used it, had a small limit, was late for a couple of payments because I didn't pay attention. They didn't seem to care regardless of a zero balance owing, and they cancelled it, although I had it for years. Probably their first sign of trouble that they weren't going to increase the risk on their credit card business.
TJX Canada is doing well. They own Winners, Marshalls and Homesense. Parent company is TJ Maxx (TJX) in the States. But then again no company is ever safe. One time blue chip giants like Kodak went tits up. I like shopping at Winners and Marshalls for discount brand name clothes and basics like socks and underwear. The downtown stores are busy.
Don't waste your time arguing with a guy who can't even write. "Give a discount to retailers who actually display goods" wtf are you thinking.
Sears has been hemorrhaging money for three years with huge losses. the stock has been on a downward trajectory for 10 years. Going from about $30 a share to less than a dollar a share today. ( .87 cents ) We will know within a years if Sears will still exist in Canada. It is a pure speculation for anyone to buy the stock now.
Sometimes, you can really find good stuff at Winners. I haven't tried Marshalls yet, but I heard good things too.
Ever heard of Amazon,... loser,...the crashing of major retailers is in large part due to the Amazon effect,...that everybody who ever gets out of their mothers basement is aware of.
The next time you see an Amazon brick and mortar "store", that displays anything,...please let us all know.
And if you have anything to say to me,...do it directly,...like a man would.
http://www.bnn.ca/sears-canada-may-not-make-it-through-the-year-former-ceo-1.777755
Company's former CEO on BNN today opining that he sees a bankruptcy filing before the end of the year.
Company's former CEO on BNN today opining that he sees a bankruptcy filing before the end of the year.
