Discussion in 'Present & Current Events' started by Toroid, Aug 25, 2017.
Avon here is going online no more Ding Dong Avon calling ladies anymore, that's really sad.
Toys 'R' Us is preparing to liquidate all their stores. They're five billion in debt.
Toys ‘R’ Us Is Prepping to Liquidate Its U.S. Operations
Sam's club is somewhat of a joke anyway. You pay to become a member then it takes a lot to get it earned back in low priced deals which are few and far in between.
It seems someone looted Toys r Us of millions before the company went bust...
The hunt for Toys R Us' missing millions:
Investigators probe a £580m loan moved to a tax haven just months before the store went bust
Investigators are in pursuit of more than £580million that was funnelled out of Toys R Us’s UK business and into a tax haven on the British Virgin Islands.
Accountants and hedge funds are understood to be on the trail of the cash – a loan that was handed over by the British arm of the toy retailer just months before it went bust.
Administrator Moorfields Corporate Recovery is preparing for a full investigation of Toys R Us’s financial affairs as it begins to close all its 105 stores and make 3,000 staff jobless.
It said the investigation will include determining why Toys R Us funnelled the £584.5million loan into an offshore subsidiary and then waived repayments.
Although pensions officials have previously asked company chiefs about the transaction, it remains a mystery.
Documents seen by the Mail reveal US hedge fund Blue Mountain Capital is chasing the money held in the British Virgin Islands as a way of making up for losses it suffered after the collapse of the American arm of Toys R Us.
Bed Bath and Beyond is crashing...
Bed Bath & Beyond is in serious trouble
The struggling retailer issued a lousy outlook last week, sending the stock to a nearly 10-year low.
Credit ratings agency Standard & Poor's cut its rating on Bed Bath & Beyond (BBBY)late Tuesday to a BBB- level, the lowest that S&P still considers investment grade.
S&P warned that it could soon downgrade Bed Bath & Beyond's bonds to junk, if "the company cannot stabilize operating performance in the face of continued intense competition from online retailers."
Avon has finished in Tasmania no more Avon Ladies anymore. Looks like its global no more door to door sales.
No more 'Avon calling' as 5,000 agents lose jobs - Independent.ie
Over 3,800 stores scheduled to close this year.
Retail Collapse: Here Are 2018's 57 Biggest Store Closings
west towne mall Madison WI
toys r us closed
children's place closed
apricot lane closed
Apple store closed
Boston store Aug 29th
sears Sept 22nd
You have to believe that it was short sighted vision that many of these big department stores are closing. An HH Gregg store opened two years ago in my area only to close this Spring. Our Barnes and Noble store is limping along. It is barely a bookstore these days. About 1/3 of the store is now dedicated to children’s toys. Good luck with that. Toy’ R Us and Baby’s R Us are totally closed now.
Most of these entities were late to the internet game and Amazon now is eating their lunch.
Many of the older stores like JC Penny simply had too many stores everywhere, kind of like walmart bit walmart sells groceries which I think is what helped them...
End of the line.
inside Boston store west town mall on the last day of business
What is sort of bad is now you have these monstrosity buildings littering the landscape. Unless they sub-divide these places they will stand there abandoned or wait to be torn down.
Today sears at west town mall closes. when it goes there will 3 sears stores in WI. I also learned the last radio shack in Wisconsin closed. when I mentioned it to Rikki she was like "so when was the last time you were in one?"
My daughter Kate asked "what's Radio shack? "
and so it goes..
the sad end. sears at west town mall has closed.
Sears is filing for bankruptcy.
Sears Ready to File Bankruptcy, Struggles to Stay Alive
this will float sears untill after the holidays.
I think by this time next year, to 2020 sears will be dead.
What caused it to die?
Sears responded to competitors by closing stores. They never upgraded.
Lands end and K mart all were sinking ships. Kenmore a trusted brand was allowed to become a laughing stock. the brand once known for quality became a byword for failure.
customer service was a joke.
and why buy Jeans at sears when you can get them at Wal-Mart for about $10 less?
and Sears ignored the internet. The Christmas wishbook could have made holiday shopping easy on line.
crushed by other stores. Saddled in debt. Sears will try to live. but it is the end.
Separate names with a comma.