Archive for the ‘commentary’ Category
Sears Declares Bankruptcy 13 comments
Well, in a surprise to noone, Sears has declared bankruptcy:
Sears Holdings Corp. filed early Monday for bankruptcy protection from creditors, marking the collapse of a company that dominated American retailing for much of the 20th century.
The retailer, which sought chapter 11 protection in U.S. Bankruptcy Court in White Plains, N.Y., reached a deal with its lenders that will allow the 125-year-old company to keep hundreds of its stores open for now.
As part of the deal, Sears is expected to close at least 150 stores immediately, according to people familiar with the matter. Currently, the company operates roughly 700 Sears and Kmart stores. It employs about 70,000 people.
Of course Sears has basically already exited the Midlands, but there are still a couple of Kmart stores hanging on in the area.
Anyway, it's a far cry from the days of "As Solid As Sears", and it didn't really have to happen. If Walmart can do it, and Target can do it, that, at the least, proves it's possible. And one of the ironies is that probably about the time Amazon started to spin up, all the people at Sears who knew how to run a catalog operation were retiring..
Think I'll Pass 1 comment
Home Again Home Again 1 comment
Rainiest two weeks I ever saw at the beach.
I see that here.. Gosh. Guess I should have looked in earlier!
Well, We Made It Through! no comments
Fool Me Once.. 3 comments
At Twilight's Last Gleaming no comments
Whither Rite Aid? 20 comments
4730 Forest Drive:
6118 Saint Andrews Road
7900 Garners Ferry Road:
Commenter Mr. BO sends the pictures of the Garners Ferry Rite Aid, saying
I remember when this place was Rosewood Furniture which was raised to make an Eckerds, then I think it was a CVS for a short while before becoming a Rite-Aid. Now Wallgreens purchased the place. With a Wallgreens just a block away, I sort of fear for this store's future. They're not in the system yet so I can't do my prescriptions from Rite-aid's web site and the transfer function only lets you select the store across Garner's ferry from Hazelwood.
I had noticed similar signs on the Forest Acres and Irmo Rite Aid stores: This Rite Aid now has a Walgreens Pharmacy, which is rather like going to Sears and seeing a sign saying This Sears is now stocked by J C Penny.
Looking at google, and Wikipedia, what seems to have been going on is that Walgreens tried to buy the whole of Rite Aid, but the merger was not approved for anti-trust reasons, and Walgreens ended up with only about 2000 Rite Aid locations. Now, the rump Rite Aid chain is in negotiations with the Albertson grocery chain to merge with it.
What actually happens to the stores that Walgreens got is unclear. I would expect many of them to eventually be reflagged, but some of them are really too close to existing Walgreens locations, and those will probably be closed. How close is "too close"? We'll know when it happens, I suppose.
UPDATE 25 September 2018 -- As mentioned by several commenters, the Saint Andrews Road store is now officially a Walgreens:
















































