New York City isn't the only place the retail giant is giving up on.... Amazon's decision to all but shut down operations in China is another step in a reorganization of the world into two distinct, digitally driven universes. What's happening: In an announcement yesterday, … [Read more...] about Amazon backs out of the Chinese Market….
I knew things was bad when Loews starting selling Craftman tools.... Sears Holdings has rejected Chairman Eddie Lampert's bid to save the 126-year-old company, setting the storied retailer with more than 50,000 employees on a path to liquidation, people familiar with the … [Read more...] about Sears to close down after 126 years in business….
It seems that the down fall of the company isn't mosrtly about its retail sales.... It is more about equity companoies trying to loot the company of its assets.... Like a car? Somethings are worth more sold off in pieces than the whole.... The whole in this case … [Read more...] about The Toys ‘R’ Us problem isn’t so simple….
Speciality stores are losing their markets to Amazon and other cut rate retail outlets like Walmart..... Toys “R” Us Inc. Chief Executive Officer Dave Brandon confirmed to employees on Wednesday that the chain will be closing its U.S. operations, according to a person with … [Read more...] about Toys ‘R’ Us is looking to go out of business…..