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Originally posted by amatrine
It is a mix of things. Greed, stores want top buy something from china for 10 bucks and sell it for 150.
They want money for nothing. Its the only way they compete with wallmart.
The dollar is worth less and less, and to keep the illusion, you can still buy things for what you have in the past but the quality is horrible Nothing lasts anymore. I have been through a vacuum cleaner a year, for the last 5 years.
My steam cleaners last less than that. I fianlly got rid of carpet. Was cheaper than buying cleaners.
Been married 14 years and on my 5th washing machine. Clothes go crappy real fast. Bedding is bad everywhere, you rally do have to search for quality.
I can not shop in wallmart anyways, the lighting gives me seizures. The prices there are NOT that low . In fact Target has better prices on electronics most times. People think its cheaper there because it used to be. They drive out the competition then drive up the prices.
Unless all you have is wallmart, no one needs to shop there. It really is not that cheap , unless you want cheap quality crap that wont last and you have to buy it three times.
Originally posted by ldyserenity
For all the numbers being supposedly high for sales this Christmas, there comes the announcement early today that Sears will be closing many Kmart and Sears stores due to low sales numbers over the year of 2011. Seems some ATS'ers predictions are coming to pass. 4,000 more jobs will be lost, yet we are in recovery?? PSHAW!!! Yes it really looks like we're in a recovery.
Sears announces 100-120 Kmart and Sears stores will be closing their doors
From the source:
(AP) NEW YORK - Sears Holdings Corp. plans to close between 100 and 120 Sears and Kmart stores to raise cash after a weak holiday shopping season for the retailer.
The closings fueled speculation about whether the 125-year-old retailer can turn itself around.
The closings are the latest and most visible in a long series of moves to try to fix a company that has struggled with falling sales and shabby stores as rivals like Wal-Mart Stores Inc. and Target Corp. spruced up their looks and turned into one-stop shopping sources.
So should we be worried now?
I wonder if TPTB will finally admit that we should panic???
I searched and didn't find anything so if it's been posted, I apologize.