Article By:
EconMatters
Sunday, March 17, 2019 7:22 PM EDT
Department store sales hit a new record low in the data going back to 1992. The mall-store business model, and particularly, the department-store business model is being obviated bit by bit, year after year, by e-commerce:
End Of An Era - Sears Declares Bankruptcy
I think it was the pension plans that killed #Sears. Newer companies like #Amazon don't have to contend with that at all. It cost Sears billions that it could have used to generate revenue. I think that more than anything else is what sealed $SHLD's fate.
American Icon Sears Run Into Ground
I think it was the pension plans that killed #Sears. Newer companies like #Amazon don't have to contend with that at all. It cost Sears billions that it could have used to generate revenue. I think that more than anything else is what sealed $SHLD's fate.
End Of An Era - Sears Declares Bankruptcy
Good one. "Like an obituary..." I like that! But this was breaking news and published pretty quickly after the news broke. I actually read about it here first. Breaking news stories are always short since there isn't much info out there yet.
I did see a follow up article on $SHLD today though: www.talkmarkets.com/.../american-icon-sears-run-into-ground