By now you’ve probably all heard the news about Sears Holdings Corp. closing 100-120 Sears and Kmart stores because of poor sales during the holiday season. Poor sales during the holiday season my ass! Seriously, when does anyone go out of their way to shop Kmart? When they offer no-limit double coupons, that’s when. Here’s a link to the Chicago Tribune article. I only quote this one analyst: “There’s no reason to go to Sears,” said New York-based independent retail analyst Brian Sozzi, “It offers a depressing shopping experience and uncompetitive prices.”
And finally, don’t you think that Lou D’Ambrosio knew this when he accepted those tax breaks from Pat Quinn two friggin’ weeks ago? The only way they make money is by subleasing the store locations – dump and run management.