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Nyte_Byrd
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RIP Retail: Sears, Payless, Bebe in Crosshairs
03/22/17 at 21:03:36
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RIP Retail: Sears, Payless, Bebe in Crosshairs
By Matthew Kazin   FoxBusiness


Investors bailed on Sears (SHLD) one day after the struggling retailer acknowledged there are ongoing concerns about whether it can survive.

Although CFO Jason Hollar took to the Sears’ blog in an attempt calm investor fears Opens a New Window. , and clarify the company’s position, the stock still fell 12% on Wednesday.

Despite having the backing of billionaire Eddie Lampert, some believe bankruptcy is inevitable for the department store chain, whose stock has been on the decline for the past five years.

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RedDirt
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Re: RIP Retail: Sears, Payless, Bebe in Crosshairs
Reply #1 - 03/30/17 at 18:47:00
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Nyte_Byrd wrote on 03/22/17 at 21:03:36:
RIP Retail: Sears, Payless, Bebe in Crosshairs
By Matthew Kazin   FoxBusiness
Investors bailed on Sears (SHLD) one day after the struggling retailer acknowledged there are ongoing concerns about whether it can survive.
Although CFO Jason Hollar took to the Sears’ blog in an attempt calm investor fears Opens a New Window. , and clarify the company’s position, the stock still fell 12% on Wednesday.
Despite having the backing of billionaire Eddie Lampert, some believe bankruptcy is inevitable for the department store chain, whose stock has been on the decline for the past five years.
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It is high time American and European business, manufacturing, and sales leaders put their heads together and started to come up with some strategies to reverse the trends. I say Europe, too, because we are a big market for them, and vice versa. If things keep going, we will  not be able to afford the Audi or Volvo. We'll be drowning our sorrows in Great Value wine. Our kids will hate us. I'm embarrassed to be an American adult.

  
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Nyte_Byrd
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Payless Files for Bankruptcy Protection, will Close Nearly 400 Stores
Reply #2 - 04/04/17 at 20:06:53
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Payless Files for Bankruptcy Protection, will Close Nearly 400 Stores
By Victoria Craig   FoxBusiness


Payless ShoeSource said on Tuesday afternoon it filed for Chapter 11 bankruptcy protection.

The privately-held company said it will reduce its store footprint as it shutters nearly 400 underperforming locations in the U.S. and Puerto Rico, and work to modify terms of its lease portfolios of its remaining real estate. Payless currently operates 4,400 stores in more than 30 countries.

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Nyte_Byrd
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Bebe to Shutter All Stores by May
Reply #3 - 04/21/17 at 12:59:09
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Bebe to Shutter All Stores by May
By Victoria Craig   FoxBusiness

http://www.foxbusiness.com/markets/2017/04/21/bebe-to-shutter-all-stores-by-may....
  


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Re: Bebe to Shutter All Stores by May
Reply #4 - 04/21/17 at 19:37:28
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Nyte_Byrd wrote on 04/21/17 at 12:59:09:
Bebe to Shutter All Stores by May
By Victoria Craig   FoxBusiness

http://www.foxbusiness.com/markets/2017/04/21/bebe-to-shutter-all-stores-by-may....


Mall foot traffic down big.
Gee, I wonder why.
  
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SurroundedByLiberals
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Re: RIP Retail: Sears, Payless, Bebe in Crosshairs
Reply #5 - 04/22/17 at 00:41:27
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       Amazon has lockers in Safeways food markets here.  A person can pickup or return orders while shopping for food. 
      One Safeway, of 3, in Pacifica, CA has a mini Starbucks (there's a full size Starbucks on the other side of the parking lot) and a Wells Fargo bank branch, no vault, that's open on weekends.
      That's why so many brick & mortar retail stores are failing.
  
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