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cnnbrk's profile
CNN Breaking News
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    CNN Breaking News‏Verified account @cnnbrk Oct 14

    Sears, the once-dominant retail chain that changed how Americans shopped and lived, has filed for bankruptcyhttps://cnn.it/2AaQHXz 

    10:16 PM - 14 Oct 2018
    • 870 Retweets
    • 1,158 Likes
    • 78-4 beap Joanne Carr Haji Hamid Keira Meyer Meshack Motlhoki Barbara Duers #BeckySpooky #RiottSpooky 🎃 Melanie McDonald
    236 replies 870 retweets 1,158 likes
      1. New conversation
      2. Alexandra Marshall‏ @ellymelly Oct 14
        Replying to @cnnbrk

        This is a reflection of the lazy generation that buy everything online and then wonder why there are no shops left to work in when they want a job. Choices have consequences. The surge in online shopping has come at the expense of the high street.

        7 replies 2 retweets 17 likes
      3. Amber Mitchell‏ @Emberlyte Oct 15
        Replying to @ellymelly @cnnbrk

        1. What's wrong with online shopping? 2. There are other retail/sales places to work including restaurants. 3. Stores can change their business model to accommodate online shopping, and Sears already had that feature. 4. It's nobody's responsibility to shop there.

        2 replies 0 retweets 13 likes
      4. Alexandra Marshall‏ @ellymelly Oct 15
        Replying to @Emberlyte @cnnbrk

        All I said was that it was a natural consequence of shopping behaviour - not that people had to change their behaviour. PS - I have run several webstores. The margins on product are far reduced than traditional stores. Shipping costs and unsustainable returns kill many.

        2 replies 0 retweets 7 likes
      5. Amber Mitchell‏ @Emberlyte Oct 15
        Replying to @ellymelly @cnnbrk

        How do you explain other stores that also offer the same features? Consumers decide if the shipping and handling fee is worth it. Maybe there are factors I'm not considering, but if you hold S&H constant across stores, it seems as though relevance is what keeps shops in business.

        2 replies 0 retweets 1 like
      6. Alexandra Marshall‏ @ellymelly Oct 15
        Replying to @Emberlyte @cnnbrk

        Actually, most are being funded by cash injections in a bid to out-last their competitors so they can raise their prices. Others are supported by more profitable arms of the business. Wait until the competition dries up, then you'll see how much these things really cost to run.

        2 replies 0 retweets 5 likes
      7. Amber Mitchell‏ @Emberlyte Oct 15
        Replying to @ellymelly @cnnbrk

        But I don't necessarily think that's attributed to online shopping, see what I mean? I'm also aware of how much businesses cost to run. My whole family is practically in business (just to lend some credibility). Everything is a big math problem lol (2/2)

        0 replies 0 retweets 1 like
      8. End of conversation
      1. New conversation
      2. BobH‏ @BobH221 Oct 14
        Replying to @cnnbrk

        Someday there won't be any more stores where once people used to gather. We'll all just sit around by ourselves, with our eyes and minds staring at a cold screen.... wondering why we feel lost, cheated and lonely... our starved, deprived senses numbed beyond caring anymore....

        8 replies 5 retweets 52 likes
      3. 1 more reply
      1. DAVE GOLD‏ @davidagold Oct 14
        Replying to @cnnbrk

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        0 replies 2 retweets 45 likes
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      1. New conversation
      2. Herb Marselas‏ @HerbMarselas Oct 14
        Replying to @cnnbrk

        Eddie Lampert, the vampire who runs Sears, and who ran Sears into the ground, and who is Sears biggest creditor, declares Sears bankrupt in order to suck the last of the life out of Sears Happy Holidays everyone!

        3 replies 4 retweets 23 likes
      3. 1 more reply
      1. New conversation
      2. Robin Ghastly Ashe 🎃 🍷 ⚰ 💻‏ @VampWriterGRRL Oct 14
        Replying to @cnnbrk

        So much winning! Oh, and thanks Sears for buying Kmart and dragging them down with you!

        2 replies 1 retweet 6 likes
      3. Elaine Hott  🍒 🥑 🌷 🥀 🌹 🎹 🎻 🖍 ⛳‏ @auntieprise1701 Oct 14
        Replying to @VampWriterGRRL @cnnbrk

        Actually, in 2004, Kmart bought Sears. {On November 17, 2004, Kmart's management announced its intention to purchase Sears for $11 billion.}

        2 replies 0 retweets 6 likes
      4. Robin Ghastly Ashe 🎃 🍷 ⚰ 💻‏ @VampWriterGRRL Oct 14
        Replying to @auntieprise1701 @cnnbrk

        Oh, I heard somewhere that it was the other way around. Here, Sears was always bigger and busier than Kmart, so I thought they took over.

        1 reply 0 retweets 1 like
      5. Elaine Hott  🍒 🥑 🌷 🥀 🌹 🎹 🎻 🖍 ⛳‏ @auntieprise1701 Oct 14
        Replying to @VampWriterGRRL @cnnbrk

        Same here, but KMart bought Sears after they recovered from Cha11. {a part of the merger, the Kmart Holding Corporation (owns Kmart) would be transferred to the new Sears Holdings Corporation and Sears would be purchased by the new SHC}

        2 replies 1 retweet 1 like
      6. Robin Ghastly Ashe 🎃 🍷 ⚰ 💻‏ @VampWriterGRRL Oct 14
        Replying to @auntieprise1701 @cnnbrk

        Was Sears in trouble? It seems weird to merge with a business that just went through bankruptcy. I only ever worked on one business bankruptcy, an actual Mom & Pop tree nursery.

        1 reply 0 retweets 2 likes
      7. Elaine Hott  🍒 🥑 🌷 🥀 🌹 🎹 🎻 🖍 ⛳‏ @auntieprise1701 Oct 14
        Replying to @VampWriterGRRL @cnnbrk

        Yes, at the time Sears was in some trouble. I think the reasoning between the two companies was to combine and use each others names/reputation to make them strong.

        1 reply 0 retweets 1 like
      8. Robin Ghastly Ashe 🎃 🍷 ⚰ 💻‏ @VampWriterGRRL Oct 14
        Replying to @auntieprise1701 @cnnbrk

        I wish it had worked. Our Kmart was right next to Walmart. That didn't help them, and their prices on things like bedding were higher than Walmart, but the brands were lower quality.

        1 reply 1 retweet 2 likes
      9. Elaine Hott  🍒 🥑 🌷 🥀 🌹 🎹 🎻 🖍 ⛳‏ @auntieprise1701 Oct 14
        Replying to @VampWriterGRRL @cnnbrk

        I live around more Targets then Walmarts. I know there is a Target near one of the KMarts, but I'm not sure how they effect each other.

        2 replies 0 retweets 0 likes
      10. 2 more replies
      1. New conversation
      2. fizz a lotamous.‏ @swimommyb Oct 14
        Replying to @NPS_Eric @cnnbrk

        Beds. Awesome mattress deals.

        0 replies 0 retweets 4 likes
      3. End of conversation

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