#23 Feb 7, 2013
None of these things have been confirmed, but all of these companies are struggling now. It wouldn't surprise me if a few of these stores really do close, but I doubt it'll be all.
K-Mart and Sears both suck because they're owned by the same stingy owner, Eddie Lampert, who's been running those companies into the ground for years. Since he bought those chains up, he's spent almost no money to keep the stores up, done nothing to bring in new merchandise people actually want to buy, has treated the employees like crap, and sold off the Sears brands that people used to trust. Yes, Sears still sells Craftsman, Kenmore, etc., but they don't own the brands or control the quality anymore. He even sold off their billion dollar credit accounts to Citibank. Everyone in retail and on Wall Street knows this is killing those stores, but he doesn't care. He plans to make his money by selling those companies off piece by piece over years and borrowing huge amounts of money he can get out of paying back by filing bankruptcy.
As for Best Buy, they're having problems but they're working hard to fix them and close failing stores. Kingsport's store does ok for them. Radio Shack has been in trouble for years because they don't have many customers anymore. Office Depot's had trouble competing with Wal-Mart, Staples, and online competitors for years.
#24 Feb 9, 2013
If there is a list of these retailers and the citys in which they are closing their stores then it looks to me like the original poster of the story would have at least linked to the list.
#25 Feb 9, 2013
He didn't link because there's nothing to what he said except bullshit
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