The ingenious strategy of cost-cutting and store-closing your way out of trouble: Pretty soon, it leads to zero.
As so many times, Private Equity firms are in the thick of it.
I’ve been doom-and-gloom on brick-and-mortar retail. But I haven’t been nearly doom-and-gloom enough, given the events of the past seven days. Includes my interview with The Financial Exchange, WRKO Boston.
A very busy day in Brick-and-Mortar Fiasco Land.
“You were a Director at Sears for 12 years where you had oversight over the administration and investment in the pension fund.”
This announcement gives some clues that after years of disappointment, Sears doom-and-gloomers might finally approach the end of their long wait.
The industry spirals into turmoil.