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Store closings

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  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Chet Ruminski Wrote:
    TJ Wrote: It's not all about a failed economy. It's about people making different choices. If people no longer want to go to the mall but instead want to buy clothes while drinking wine and watching television on their sofa.... it's a choice.
    That is your opinion but I have a theory the same as why jobs were lost to China. It is fact that all the foreign economies started out selling cheap low quality goods to the USA. When the US economy was good and people had relatively good wages, people shopped quality. As did the rest of the world that clamored for Made In Usa. As wages didn't keep up with inflation people started trending to shopping price over quality. The boosted the foreign economies and Japan started investing the new money in their industries. Their quality improved and costs stayed low. That attracted US investors. It wasn't market conditions that drove jobs overseas. It was Americans forced to shop price instead of quality. The same is happening now. Americans don't buy so much that shopping is an infringement on their time. People enjoyed going shopping and buying mail order was a turn off because of not being able to hold and examine goods. Now it is cheaper to buy online so shopping price over examining goods people are buying mail order. Same with movies. People are foregoing the big screen experience to watch videos at home. Movies at movie theaters didn't get expensive it is wages haven't kept up. Before being judgemental remember that I observed and described in detail the Trump phenomenal from the very beginning by observing objective details and facts and human nature. The same applies to lost jobs. Then and now.

    In bold type Chet, I disagree with you to an extent. In the 1960's and early 1970's, my mom would receive catalogs from Sears Roebuck, JC Penney, Wiebolts ( place for S&H green stamps) and etc..

    She would pick though catalogs and pick up the phone at work on her lunch breaks and order stuff, and have the items delivered to her place of employment via Railway Express Agency (REA).

    en.wikipedia.org/wiki/Railway_Express_A...

    en.wikipedia.org/wiki/Wieboldt%27s

    "Wieboldt's was known for their good values, unpretentious merchandise, and multilingual sales staff, the stores were especially popular among ethnic, working-class shoppers who could not afford or did not like to shop at the big downtown department stores. Wieboldt's former slogan was "Where You Buy With Confidence!".

    The only thing that's changed is that we now have the internet to use to buy stuff from online retailers, and more and more people are now doing that.

  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Sears filing for BK. Can't compete with Amazon & Walmart.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Dockadams Wrote: Sears filing for BK. Can't compete with Amazon & Walmart.
    Because of stagnant wages not keeping up with inflation most Americans don't have discretionary money to spend. Trumps lots of good paying jobs hit the nail on the head. And last night Hillary spoke loud and clear about wages. That is Perez and Hillary highlighting wages. There may be hope coming from the Democratic party.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Chet Ruminski Wrote:
    Dockadams Wrote: Sears filing for BK. Can't compete with Amazon & Walmart.
    Because of stagnant wages not keeping up with inflation most Americans don't have discretionary money to spend. Trumps lots of good paying jobs hit the nail on the head. And last night Hillary spoke loud and clear about wages. That is Perez and Hillary highlighting wages. There may be hope coming from the Democratic party.

    youtu.be/U7vOB2kcr9c

  • Liberal Democrat
    Democrat
    Kenosha, WI
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    What's eerie about Sears holdings, is that they have closed 64 K Mart stores in 2018 alone, and closed or are closing 39 Sears stores too, and they had employment ads-help wanted- cashier jobs at k mart posted on indeed.com recently in my area.

    indeed.com/jobs?q=kmart&l=Kenosha%2C+WI

    I do not know if they're cutting fat or if some of their work force is jumping ship (pertaining to the employees). I find it odd that whilst they're filing for BK and closing stores everywhere, that they're wanting to hire people. I also wonder if or when the BK takes effect if they'll be able to pay their employees? My wife-between jobs- applied for cashiering at k mart about a month or so ago. I'm thinking it's probably a good thing she didn't get hired.

    The last thing we purchased at a Sears store was a 40" television with a RCA label on it, and it's basically a POS. We hardly ever shop K Mart because they lack selection of brands we prefer, and their prices are higher than Walmart. Any time we've visited our local K Mart, the store is basically a ghost town, not very many shoppers at all. Sears Holdings is probably in the twilight of their once powerful retail rein. I once shopped at Sears frequently because of the Craftsman tools, and their return policy was absolutely the best. I still own wrench sets made by Craftsman from many, many years ago, quite good quality.

    Anyway, when a company or corporation IMHO says the word bankruptcy, people tend to stay away or shy away from the products or services they provide.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Dockadams Wrote:

    What's eerie about Sears holdings, is that they have closed 64 K Mart stores in 2018 alone, and closed or are closing 39 Sears stores too, and they had employment ads-help wanted- cashier jobs at k mart posted on indeed.com recently in my area.

    indeed.com/jobs?q=kmart&l=Kenosha%2C+WI

    I do not know if they're cutting fat or if some of their work force is jumping ship (pertaining to the employees). I find it odd that whilst they're filing for BK and closing stores everywhere, that they're wanting to hire people. I also wonder if or when the BK takes effect if they'll be able to pay their employees? My wife-between jobs- applied for cashiering at k mart about a month or so ago. I'm thinking it's probably a good thing she didn't get hired.

    The last thing we purchased at a Sears store was a 40" television with a RCA label on it, and it's basically a POS. We hardly ever shop K Mart because they lack selection of brands we prefer, and their prices are higher than Walmart. Any time we've visited our local K Mart, the store is basically a ghost town, not very many shoppers at all. Sears Holdings is probably in the twilight of their once powerful retail rein. I once shopped at Sears frequently because of the Craftsman tools, and their return policy was absolutely the best. I still own wrench sets made by Craftsman from many, many years ago, quite good quality.

    Anyway, when a company or corporation IMHO says the word bankruptcy, people tend to stay away or shy away from the products or services they provide.

    KMart had a policy of forcing older expensive managers out. One of my customers was one of those people. I'll ask him about the details.
  • Independent
    Ft.myers, FL
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    Don't be surprised that the "car" market will be next to be hit; all of this has become "unbalanced" because of Trumps tariffs. I bet GM, Ford and Chrysler will lay off people in the near future. Foreign car manufacturers will rethink how to deal with the tariffs, which certainly affect the work forces worldwide.
  • Independent
    Washington
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    Chet Ruminski Wrote:KMart had a policy of forcing older expensive managers out. One of my customers was one of those people. I'll ask him about the details.

    My experience with large cooperate orgs is that as a person gets older, talented people are get let go (age out), thus by the time a someone is 50+, those 50+ are very best that the company can attract\keep.

    What is high quality employees will vary greatly from one company to the next. This suggests that someone under 30 with less talent\skills will be kept while letting go of more talented\skill people that are older. In large companies, "you're moving up, or you're moving out" with the exception of deadend jobs like those that work in the mail room and collect the trash at night.

    When they can, companies will replace older employees with younger ones, unless a older people are perceived to be extremely valuable to the company. And if that is the case, then those valuable employees already know they have the power to walk away from the job at any time, and have 10 jobs offers the very next day.