Macy's shutting down 68 stores

[pbrower2a]

K-Mart does not have better merchandise or a price advantage over Wal*Mart.

The traditional department store was in trouble when its average customer a few years back was 59 years old. I doubt that that has improved.

Sears selling the Craftsman brand -- an indication of deep trouble. That was its biggest asset as a merchant, and all that made Sears distinct in retailing.

[pbrower2a]

Wonder if he'll take credit when Sears/Kmart finally bites the dust.

If I never have to see either of those stores ever again, this whole presidency will be worth it.

I liked Kmart because it was the only retailer around here that wasn't the two evil empires: Wal-Mart and Target.

There will be Family Dollar and Dollar General, which have smaller stores with narrower aisles... and lower-end merchandise.  Michigan of course has Meijer... as a general pattern I find that as Meijer moves in, the K-Mart folds.

K-Mart has lots of forty-year-old, decrepit stores.... and not enough revenue to replace those decrepit stores. Those old K-Mart stores are depressing places.