A very busy day in Brick-and-Mortar Fiasco Land.
Costs went up faster than sales, and now its high-flying stock is tanking.
The Painstaking Relentless Collapse of Brick-and-Mortar Retail.
“Flat sales” are now a “welcome change.” The New Normal.
Retail sales are held up by only two sectors. The rest are sinking.
“You were a Director at Sears for 12 years where you had oversight over the administration and investment in the pension fund.”
And American Apparel shuts down.
Pundits sent back to the drawing board.
This announcement gives some clues that after years of disappointment, Sears doom-and-gloomers might finally approach the end of their long wait.
It’s not just the oil bust.