What’s the deal with retailers — and retail sales?
Tickets are expensive. Alternatives are plentiful, convenient & cheap.
After “the worst-on-record unbelievably bad” November, even e-commerce gets hit, not just brick & mortar, on fears Christmas sales could be terrible.
But e-commerce is piping hot.
The dirty secret Macy’s is hiding.
Moral bankruptcy may be one of the quickest preludes to Chapter 11.
We knew “free money would inevitably end”: CEO Jackson. “Affordability would become an issue – particularly around new vehicles.”
Bankruptcy can only restructure debts; it cannot revive mutilated brands and bring back mauled customers.
“Don’t write any more blog posts to blame pensioners for the collapse of Sears Holding after you wasted $5.8 billion on share buybacks.”
Defying my dictum that nothing goes to hell in a straight line.