From the NYT
The corporate owner of Sears and Kmart said on Tuesday that there was “substantial doubt” that it could continue as a going concern, as bricks-and-mortar stores continue to face challenges in an e-commerce world.
In a filing with the Securities and Exchange Commission, the corporate owner, Sears Holdings Corporation, cited its efforts to cut costs, sell property, tap new funding sources and make other moves to stanch the flow of red ink. Still, it reported a $2.2 billion loss for last year and said it had to use money from its investments and financing activities to fund operations.
Years ago when I was a poor student I went to the local hifi store to pick their brains about an amplifier I wanted. I then went and bought it for a bit less from what was just starting up in the UK then, a discount warehouse. Comet, for those of you with long UK memories. I probably saved myself GBP 5 which was a lot of money to me in those days and I probably thought what a clever chap I am. My wife will tell you that nothing much has changed.
I think I realized immediately afterwards what I had done, and I have never done it since. If I read about a book I want in a review somewhere, I might buy it from Amazon. But if I see it in Barnes and Noble I will buy it there even if it costs me a bit more. If I want a washing machine and Sears recommends one I will buy it there and not shop around to see if that model is available for less at Lowes.
Never mind guys Trump has your back and he will recoup those retail jobs.
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