Bankruptcies, Business Failures, Layoffs, etc

The Kmart-Sears merger ended up being a disaster for both chains. The newly formed company Sears Holding believed Sears stores could survive in shopping centers like Kmart stores. Sears didn't believe customers would buy merchandise online. By the time they did start selling online, it was too late. You know the old saying, ''You snooze, you lose.'' KMart sunk $11 billion into the purchase of Sears. It wasn't worth the price because they made poor business decisions afterward.
 
Craftsman tools were sold awhile back to Stanley-Black and Decker. Their powertools are now sold as a less expensive alternative to DeWalt.

I liked K-Mart for a lot of reasons, but yeah, they sat on their butts while the world passed them by.
 
Guard Dad said:
Craftsman tools were sold awhile back to Stanley-Black and Decker. Their powertools are now sold as a less expensive alternative to DeWalt.

I liked K-Mart for a lot of reasons, but yeah, they sat on their butts while the world passed them by.
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Kmart was going downhill before the merger because they were stocking their shelves with junk.
 
Boss 302 said:
The Kmart-Sears merger ended up being a disaster for both chains. The newly formed company Sears Holding believed Sears stores could survive in shopping centers like Kmart stores. Sears didn't believe customers would buy merchandise online. By the time they did start selling online, it was too late. You know the old saying, ''You snooze, you lose.'' KMart sunk $11 billion into the purchase of Sears. It wasn't worth the price because they made poor business decisions afterward.
Click to expand...
My old company was like that. Spent 9.1 Billion dollars to acquire a router company (Bay Networks) to be the "one stop shopping" company and ended up abandoning all of it.
 
The Sound Guy said:
My old company was like that. Spent 9.1 Billion dollars to acquire a router company (Bay Networks) to be the "one stop shopping" company and ended up abandoning all of it.
Click to expand...
Kmart? In high school, we would buy the Kmart tennis shoes to see who could keep theirs from coming apart where the sole met the canvas. It didn't take long. You could buy a pair for less than $3.
 

Final outlet of iconic restaurant chain closes its doors after more than 50 years – leaving customers & staff distraught​


www.the-sun.com

Last of iconic chain closes in US city after 50 years leaving many distraught

ONE city’s final outlet of a beloved restaurant chain has closed after more than 50 years of service. Southern comfort food staple Piccadilly Cafeteria shuttered its final location in Jackson…
www.the-sun.com www.the-sun.com
 
The last time I ate at a Picadilly was in 2002. It was on Cobb Pkwy in south Marietta. I believe the article was saying this was the last restaurant in Jacksonville for the chain, not the entire south.
 

New data reveals a crash not seen since Great Depression could hit in 2024​


www.foxbusiness.com

New data reveals a crash not seen since Great Depression could hit in 2024

A growing amount of data indicates that a gigantic economic crisis could be right around the corner. Most disturbingly, one important economic indicator that’s currently flashing hasn’t appeared since the 1930s, during the height of the Great Depression.
www.foxbusiness.com www.foxbusiness.com
 
Guard Dad said:

New data reveals a crash not seen since Great Depression could hit in 2024​


www.foxbusiness.com

New data reveals a crash not seen since Great Depression could hit in 2024

A growing amount of data indicates that a gigantic economic crisis could be right around the corner. Most disturbingly, one important economic indicator that’s currently flashing hasn’t appeared since the 1930s, during the height of the Great Depression.
www.foxbusiness.com www.foxbusiness.com
Click to expand...
“You will own nothing and be happy!!!”
—— Klaus Schwab
 
Could - used to indicate possibility.

Possibility - a thing that may happen or be the case.

Trump will be king of the world.
 
I use CVS in Villa Rica because of proximity versus traffic. I should correct that statement and say I used to use this location. Their customer service and pharmacy is beyond bad. The demographics of the pharmacy has been changing over the last couple of years and it may be coincidence but the service has declined with the diversity increase. The two may have nothing to do with each other but it is none the less a fact.
 
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