Sears going belly up?
Gene wrote:
On Sat, 22 Nov 2008 18:36:34 -0500, "Eisboch"
wrote:
"Vic Smith" wrote in message
...
Heard some "news" financial yakkers suggesting that's what will happen
after the Holidays, which don't look good for sales.
That would be a shame.
Don't go often except for appliances and tools, but I sure would miss
it.
--Vic
Had not heard that.
Yup, it would be a shame.
Some of us grew up sitting on the Sears, Roebuck catalog at the dinner table
as pint-sizers.
Eisboch
That won't be any sort of significant loss, since the demise of the
Christmas Wish Book and the Good, Better, Best ratings (and everything
was farmed out overseas to the commune that work cheapest) so that
everything was junk, junkier, and junkiest. Craftsman hand tools may
survive, but IMHO their power tools won't.
When my wife managed a bank in the late 70's early 80's it was widely
believed that Sears only existed due to income from it's credit card.
Most of the big department stores are in the business of extending
credit. When you buy on credit you spend 20% to 50% more and you take
longer to pay. The products in the store are just a come on. Most of
their money, more than 60%, is made on the store credit cards.
Why do you think they offer you a 20% discount on your purchases if your
sign up for their store card?
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