Article

2016-09-15 Economy

Moody's: Sears' and Kmart's shutdown is imminent

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Posted by Fred 2016-09-15 00:00|| || Front Page|| [11134 views ] Top

#1 ...I'll believe it when I finally see it. The experts have been predicting this for more than a decade. Beginning to think it's the world's biggest money laundering operation.

Mike

Posted by Mike Kozlowski 2016-09-15 04:41|| 2016-09-15 04:41|| Front Page Top

#2 First of the year. Warranty work is now only 30 days in automotive repair in my store. Quality is disappearing. People don't want to pay too much for anything. Look at food. Fast food sickness is upon us now. Cheep, cheep and more cheep. Less pay more work. Cut hours then what happens, No rotation of anything. Food sits in freezer in the back till pulled for preparation. Food store same thing. Sending our meats to China of all places to be processed. No label of origin. I can tell you auto parts come in nice boxes but product inside is destroyed at factory or poorly manufactured. Garments sent to Vietnam from China leave burn marks after you wear them. Cheap prices + Cheap results = No business. Now at this time when you visit your doctor they will ask you how often do you pee?. People are saying that after eating fast food they have to pee shortly afterward. Doctor said to a patient, yes , "I am seeing this problem increasing among my patients". To make red meats last longer for sale you add red dye. Sub sandwich dated goes out so you take the meat off and make a different sandwich. I can go on and on. Medical?, you would not believe the tricks there to save money.

Posted by Dale 2016-09-15 07:55|| 2016-09-15 07:55|| Front Page Top

#3 we have sears appliances anda service contract

wonder what will happen

Posted by lord garth 2016-09-15 09:10|| 2016-09-15 09:10|| Front Page Top

#4 ..same as warranties held by Chrysler and Government Motors vehicle owners after the bailout. And that lifetime guarantee was about their lifetime not yours.

Posted by Procopius2k 2016-09-15 12:35|| 2016-09-15 12:35|| Front Page Top

#5 What do the candidates say?

Let's throw some more money at it, or sayonara, thanks for all the fish?

Posted by Bobby 2016-09-15 12:54|| 2016-09-15 12:54|| Front Page Top

#6 Disappointed that Target didn't make the death watch list.

Posted by Iblis 2016-09-15 16:11|| 2016-09-15 16:11|| Front Page Top

#7 A parallel observation since I do most of the food shopping for the family now, the prices for items have been fairly slow to rise, but the quantity shrinkage is amazing, slowly smaller soda amounts, less net weight in prepackaged foods, quantity of principle ingredients lessened, everything is about max profit and the decline of quality. The exception is the carriage trade stores where the prices are upper tier but the quality is better. The Whole Foods phenomena and high end lunch places. A two-tier working society where one set makes 40-60k in fly over country and is glad for it, and the coastal enclaves where 120k is low end/entry level. That is certainly the case in Northern California, and by hearsay from family in SOCal as well. Can't see how this doesn't fracture soon......

Posted by NoMoreBS 2016-09-15 16:19|| 2016-09-15 16:19|| Front Page Top

#8 ..we'll call that qualitative easing [as a result of quantitative easing].

Posted by Procopius2k 2016-09-15 17:14|| 2016-09-15 17:14|| Front Page Top

#9 Well those large portions are just so unhealthy for The Children.

Posted by swksvolFF 2016-09-15 17:26|| 2016-09-15 17:26|| Front Page Top

#10 #1 ...I'll believe it when I finally see it.

It took roughly two decades to kill off Venezuela.

Last couple times I was in a Sears, it seemed pretty empty.

As for the Triceratops, they used to kick ass. But the world has moved on and being a Triceratops ain't what it used to be.

Posted by SteveS 2016-09-15 17:53|| 2016-09-15 17:53|| Front Page Top

#11 There's a lot of ruin in a ~~man~~ tool aisle.

Posted by Shipman 2016-09-15 22:10|| 2016-09-15 22:10|| Front Page Top

#12 I've dealt with Sears twice. First, I ordered online some clothes, some long underwear. They never arrived. Second, we arranged for a measure and quote for a kitchen renovation. Set a time and nobody showed up. There wont be a third time.

Posted by Grunter 2016-09-15 22:26|| 2016-09-15 22:26|| Front Page Top

23:10 newc
22:36 Frank G
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21:52 Bov Flimbers
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