RadioFreeLiberal.com

Smart Voices, Be Heard
It is currently Tue Dec 18, 2018 1:00 pm

All times are UTC - 5 hours [ DST ]


Forum rules


Please click here to view the forum rules



Post new topic Reply to topic  [ 37 posts ]  Go to page Previous  1, 2
Author Message
PostPosted: Mon Oct 15, 2018 7:15 pm 
Offline
Policy Wonk
User avatar

Joined: Wed Jun 15, 2011 10:23 pm
Posts: 3951
Here Sears just wasn't changing with the world. They remained with their same products, same stores, same prices, same advertising, etc.

Near the end, they tried to move things upscale, but that's not what people wanted. They weren't going to compete with The Bay in Canada, they weren't going to compete with Walmart. The could have moved towards catering to a midmarket with younger shoppers, but they refused to change accordingly.

Amazon isn't all that much cheaper than stores if you're willing to look, so B&M can be competitive.

_________________
The radical of one century is the conservative of the next. The radical invents the views. When he has worn them out, the conservative adopts them.
- Mark Twain


Top
 Profile  
 
PostPosted: Mon Oct 15, 2018 11:26 pm 
Offline
Board Emeritus
User avatar

Joined: Thu Jun 09, 2011 1:10 pm
Posts: 17960
Location: The blue parts of the map
Sears has been going broke for years. It did indeed get behind the times, then the stores got shabby and depressing.

The major rationale for supply side/ Laffer Curve/ etc is bogus. It's voodoo. It's bad science. It's luminiferous aether. It's the geocentric universe. It's volcanoes being proof that a hell exists beneath the ground where sinners go. It's lightning being aerial bombs thrown by an angry god.

It. Can't. Work.

_________________
"Our democratic institutions... seem to have been upended by frat-boy billionaires from California," remarked Canadian politician Charlie Angus. (BBC, 11/27/18)


Top
 Profile  
 
PostPosted: Tue Oct 16, 2018 12:32 am 
Offline
Policy Wonk
User avatar

Joined: Fri Jan 08, 2016 9:37 am
Posts: 3905
ZoWie wrote:
Sears has been going broke for years. It did indeed get behind the times, then the stores got shabby and depressing.

The major rationale for supply side/ Laffer Curve/ etc is bogus. It's voodoo. It's bad science. It's luminiferous aether. It's the geocentric universe. It's volcanoes being proof that a hell exists beneath the ground where sinners go. It's lightning being aerial bombs thrown by an angry god.

It. Can't. Work.


its bad karma

_________________
https://www.youtube.com/watch?v=dA3APlQeIAU


Top
 Profile  
 
PostPosted: Tue Oct 16, 2018 12:49 am 
Offline
Board Emeritus
User avatar

Joined: Sun Jul 03, 2011 10:06 pm
Posts: 13180
Here Sears just wasn't changing with the world. They remained with their same products, same stores, same prices, same advertising, etc.

Near the end, they tried to move things upscale, but that's not what people wanted. They weren't going to compete with The Bay in Canada, they weren't going to compete with Walmart. The could have moved towards catering to a midmarket with younger shoppers, but they refused to change accordingly.

"Sears, where America Shops" was their motto in the 70s and 80s and they concentrated mainly on the middle class. Part of their problem, as you point out, is they tried to move things upscale but those in the the middle class had changed and instead of buying quality at a reasonable price they wanted decent quality at a low price. Target realized this and they won over many of Sear's customers and now Target is Walmart's biggest competitor.

Quote:
Amazon isn't all that much cheaper than stores if you're willing to look, so B&M can be competitive.

You can find some bargains on Amazon but I think Amazon will at some point in the next couple of years start to see a decline in business due to customers who prefer to see and feel the merchandise before they buy. Products like electronics, toys, and lawn equipment will do okay since they're basically what-you-see-is-what-you-get. Items like clothes and shoes are something you want to see, feel, and in some cases, like shoes, try on. I don't think the big stores like Walmart or Target will be the biggest beneficiaries but smaller stores found in malls and strip malls will start seeing increased business.

_________________
When you vote Left you vote right.


Top
 Profile  
 
PostPosted: Tue Oct 16, 2018 7:00 am 
Offline
Board Emeritus

Joined: Mon Jun 06, 2011 10:27 pm
Posts: 8488
Location: miles from nowhere
"Sears, where America Shops" was their motto in the 70s and 80s and they concentrated mainly on the middle class. Part of their problem, as you point out, is they tried to move things upscale but those in the the middle class had changed and instead of buying quality at a reasonable price they wanted decent quality at a low price. Target realized this and they won over many of Sear's customers and now Target is Walmart's biggest competitor.


You can find some bargains on Amazon but I think Amazon will at some point in the next couple of years start to see a decline in business due to customers who prefer to see and feel the merchandise before they buy. Products like electronics, toys, and lawn equipment will do okay since they're basically what-you-see-is-what-you-get. Items like clothes and shoes are something you want to see, feel, and in some cases, like shoes, try on. I don't think the big stores like Walmart or Target will be the biggest beneficiaries but smaller stores found in malls and strip malls will start seeing increased business.

We have seen the clothing sales going the direction of the Amazon model. "Curated", Christ, I hate that word, just for you. Several online/apps are doing it now and it will increase.

_________________
bird's theorem-"we the people" are stupid.

"No one is so foolish as to choose war over peace. In peace sons bury their fathers, in war fathers bury their sons." - Herodotus

The new motto of the USA: Unum de multis. Out of one, many.


Top
 Profile  
 
PostPosted: Tue Oct 16, 2018 1:17 pm 
Offline
Board Emeritus
User avatar

Joined: Sun Jul 03, 2011 10:06 pm
Posts: 13180
We have seen the clothing sales going the direction of the Amazon model. "Curated", Christ, I hate that word, just for you. Several online/apps are doing it now and it will increase.

I look at that as being for "hipsters." It sounds funny to think people would pay someone, via an app, to pick out their clothes for them. Why not just give your business to your mom since she picked out most of your clothes while you were growing up.

_________________
When you vote Left you vote right.


Top
 Profile  
 
PostPosted: Sat Oct 20, 2018 6:35 am 
Offline
Board Emeritus

Joined: Wed May 04, 2011 11:26 pm
Posts: 36489
Let's be clear about Sears. No, it wasn't just because of bad marketing decisions. Sears for years has been ran by vulture capitalists. They bought Kmart with borrowed money and kept the corporation heavily in debt, not spending on the stores but instead selling off parts and sucking the corporation dry of any wealth in it. They murdered Sears on purpose.


Top
 Profile  
 
PostPosted: Sat Oct 20, 2018 12:20 pm 
Offline
Board Emeritus
User avatar

Joined: Tue Nov 12, 2013 3:07 am
Posts: 11501
Let's be clear about Sears. No, it wasn't just because of bad marketing decisions. Sears for years has been ran by vulture capitalists. They bought Kmart with borrowed money and kept the corporation heavily in debt, not spending on the stores but instead selling off parts and sucking the corporation dry of any wealth in it. They murdered Sears on purpose.


That's how I see it too.

We had a thread about that and that vulture who is striping Sears flesh from their mall anchor stores. It seems like it was about a year or two ago.

I think we agreed about it back then as well, or if it wasn't you it was someone else, and it was roughly the same conclusion as now that we came to.

Image


Top
 Profile  
 
PostPosted: Sat Dec 08, 2018 11:53 pm 
Offline
Policy Wonk
User avatar

Joined: Fri Jan 08, 2016 9:37 am
Posts: 3905
Sears chairman bids $4.6B to buy 500 stores

Quote:
Sears Chairman Eddie Lampert wants to buy stores and assets to keep the company alive.

His hedge fund, ESL Investments, is offering $4.6 billion for about 500 Sears and Kmart stores as well as the company's other assets. ESL says its plan would save 50,000 jobs. Sears employed 68,000 people at the time of its Oct. 15 bankruptcy filing.

Lampert bought Sears and merged it with Kmart in 2005 to form Sears Holdings. He was its CEO and primary shareholder as it lost billions of dollars and closed thousands of stores...............

_________________
https://www.youtube.com/watch?v=dA3APlQeIAU


Top
 Profile  
 
PostPosted: Sun Dec 09, 2018 12:24 am 
Offline
Policy Wonk
User avatar

Joined: Fri Jan 08, 2016 9:37 am
Posts: 3905
A recession is coming.


Quote:
There's bad news: A recession is coming. It's not clear when or why or how, but the U.S. economy is entering its 10th straight year of expansion. If the economy continues to grow, it would rank as the longest expansion in the nation's history. And while that's not impossible, economists agree it's unlikely.

The stock market has wobbled. The housing boom seems to be ending. There's some stuff about U.S. Treasury note interest rates that economists say is pretty important. Ford Motor Co. and General Motors are planning layoffs, and while that's not entirely about sales, it's not a good thing.............

_________________
https://www.youtube.com/watch?v=dA3APlQeIAU


Top
 Profile  
 
PostPosted: Sun Dec 09, 2018 11:03 am 
Offline
Board Emeritus

Joined: Tue Feb 28, 2012 11:01 pm
Posts: 16884

There are a number of conservative writers who have been trying to denigrate FDR's new deal policies. Amity
Shlaes for one wrote a good book on Coolidge attacking FDR's new deal which brought on the anathema
which is social security which Republicans have hated for 80 years. Coolidge himself followed policies of
real fiscal conservatism and saw the upcoming great depression when the congress rejected fiscal
conservatism.

I do think voters have forgotten how close we were to a second great depression in 2008 for those Bush
Tax cut policies followed by a massive increase in spending due to the Iraq war and department of homeland
security. Obama gets little credit from beating back the second great depression and I'm fearful of a third
depression with these Trump tax cuts and increased spending for defense and the upcoming battle to fund
the wall.


++++

The old term for this political strategy is "guns and butter politics". It works best with an ignorant fucking electorate.

_________________
Image


Top
 Profile  
 
PostPosted: Sun Dec 09, 2018 2:04 pm 
Offline
Board Emeritus
User avatar

Joined: Thu Jun 09, 2011 1:10 pm
Posts: 17960
Location: The blue parts of the map
What's got the stock market spooked is an inverted yield curve. My probably limited understanding of that is that long-term bonds, t-notes, whatever, are supposed to yield more than short term ones. When this gets turned around, meaning the short term yield exceeds that of the long term, a recession always follows. "Always" is empirical, because ever since they kept track of this, there's always been one. Now, it's completely possible that it's a precursor to the recession, not the cause, but either way it's freaked the money people out and put them in a bearish mode.

This time, however, the yield curve is an artifact of the Fed raising rates, which doesn't change the old zero-point-whatever instruments out there, so the newer ones pay more. Perhaps all bets are off. Perhaps not.

It can't help that the president is completely unpredictable and capable of all manner of economic damage to get his damn wall and win his penis contest with the Chinese.

_________________
"Our democratic institutions... seem to have been upended by frat-boy billionaires from California," remarked Canadian politician Charlie Angus. (BBC, 11/27/18)


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 37 posts ]  Go to page Previous  1, 2

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: ap215, Google [Bot] and 27 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB® Forum Software © phpBB Group