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Started by Tuxedo Mark, September 12, 2016, 12:50:04 PM
Quote from: Tuxedo Mark on September 12, 2016, 12:50:04 PMBack on the old forum, I often talked about my experiences working for Kmart (which merged with Sears in 2005, the merger being the brainchild of chairman Eddie Lampert, a Wall Street hedge fund manager with no previous retail experience that, after one person after another vacated the CEO position, decided to become the CEO himself), the pressure from management to sign customers up for the Sears credit card and the all-important Shop Your Way Rewards card, and other crap, and I supplemented these personal accounts with info from news articles about the company at large, which was doing poorly.A lot of people, even back then, expected the company to go out of business soon. Well, it's still around but probably not for much longer (for real, this time). This pair of articles illustrates just how far that the company and the individual stores have fallen:From the workers: http://www.msn.com/en-us/money/topstories/sears-workers-reveal-why-the-company-is-bleeding-cash/ar-AAiaq4S?li=BBnbfcL&ocid=UP97DHPFrom the customers: http://www.msn.com/en-us/money/companies/it-was-a-ghost-town-shoppers-reveal-why-theyve-abandoned-sears-and-kmart/ar-AAiKhLa?li=BBnbfcL&ocid=UP97DHP
Quote from: Captain Jetpack on December 30, 2016, 06:31:46 PMSears just got a $200,000,000 injection of capital.Can it save the business?
Quote from: Captain Jetpack on December 30, 2016, 06:31:46 PMSears just got a $200,000,000 injection of capital.
Quote from: Captain Jetpack on December 30, 2016, 06:31:46 PMCan it save the business?