Retail
Retail
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Sears Canada is filing for liquidation after going for bankruptcy protection a few months ago. Sears was bigger than Montgomery Ward prior to World War 2. Sears never really adapted once Walmart and online Commerce came into the picture. It is really sad. I used to buy Sears diehard batteries and my first credit card was from Sears back in 1986.
amp
Posted from business.financialpost.com
Retail
Credit Manager
Bankruptcy
Posted >1 y ago
Responses: 4
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What gets me is Sears and Kmart are one venture now yet they still have not pulled together to build the Walmart Super Center style of company. I still have Sears Craftsman tools and boxes (thought I am retired {retarded more like it}). I still enjoyed Kmart's prices into the early '90s and the old fashion "Blue Light Specials!" lol
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While I am able to find no reference to it on line, and I wish I could, Mad Magazine did a parody of "Supercenters" in the 70's. Ironically and amazingly prescient, it was called "Wally World".
The segment was about giant big box stores selling everything, up to and including automobiles,
straight off the shelves.
I don't thing Walmart was much more than a fancy dry goods and agricultural supply store in the Ozarks at the time. In other words I think the name of the piece was simply a coincidence.
Yet how prophetic.
The segment was about giant big box stores selling everything, up to and including automobiles,
straight off the shelves.
I don't thing Walmart was much more than a fancy dry goods and agricultural supply store in the Ozarks at the time. In other words I think the name of the piece was simply a coincidence.
Yet how prophetic.
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LTC (Join to see)
John, are you able to cut and paste the Mad Magazine Wally World? I wonder if National Lampoon's Vacation got the idea of Wally World from that same Mad Magazine instead of using the real name of Six Flags Magic Mountain?
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PO3 John Wagner
LTC (Join to see) - I can't find it anywhere except my memory banks bro'.
I have thought of it many times and may have looked for it before. I spent several times digging today but could not find it, though I can quite clearly picture some of the frames.
Like I said, oddly prophetic. Walmart was not exactly a hint on the horizon at that time, especially not to a couple of New York sons of Abraham that were the creators.
I have thought of it many times and may have looked for it before. I spent several times digging today but could not find it, though I can quite clearly picture some of the frames.
Like I said, oddly prophetic. Walmart was not exactly a hint on the horizon at that time, especially not to a couple of New York sons of Abraham that were the creators.
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Sears might have taken a different direction, and I think they tried. They weren't in a position to develope new facilities and Walmart could overpower them at every turn.
Best Buy put a serious dent in their appliance and electronics sales as well.
Sears never spent a lot of time adapting to the new advertising markets. Their failures are still very much attributable to the shopping mall corner they had themselves backed into.
Shopping malls all over the continent have gone belly up or close to it due to the inability to compete with the Walmart or Sams "Super centers"
When Walmart got into the groceries business the other "big box" retailers were screwed.
Walmart groceries are, more to the point "used to be" cheap. People always need groceries.
It as good of an excuse as any to go shopping. Once they are in the store it's no trouble at all to get them elsewhere.
Walmart might as well own America for all the difference it makes.
Trouble is Walmart is also accountable for our foreign trade deficit.
China is prospering because of Walmart.
Best Buy put a serious dent in their appliance and electronics sales as well.
Sears never spent a lot of time adapting to the new advertising markets. Their failures are still very much attributable to the shopping mall corner they had themselves backed into.
Shopping malls all over the continent have gone belly up or close to it due to the inability to compete with the Walmart or Sams "Super centers"
When Walmart got into the groceries business the other "big box" retailers were screwed.
Walmart groceries are, more to the point "used to be" cheap. People always need groceries.
It as good of an excuse as any to go shopping. Once they are in the store it's no trouble at all to get them elsewhere.
Walmart might as well own America for all the difference it makes.
Trouble is Walmart is also accountable for our foreign trade deficit.
China is prospering because of Walmart.
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