Damn workers that ruin businesses.

[boilermaker55]

Sears: 'Burning cash,' closing stores

Sears has been on a downward spiral almost since the day it merged with Kmart in 2005. And that plunge seems to be picking up speed.
The company said this week that it may sell its 51% stake in Sears Canada, which operates nearly 20% of the company's stores worldwide. It has quietly closed nearly 100 U.S. stores in the last year. Next week, it's expected to announce dismal fiscal first quarter results and possibly yet more store closings.

Look, those damn workers demanding all those high wages and benefits. How dare they.
Now these store's have to close.
""They have too many stores and they're losing a lot of money, burning cash," said John Kernan, an analyst with Cowen.
Kernan expects the company to close 500 of its 1,980 U.S. stores in a few years and, ultimately, to go out of business."

Sears was once the nation's largest retailer and biggest employer. The iconic company reshaped shopping in the United States with both its catalogs and its massive department stores. But the Kmart merger has been a disaster from the start. Sears Holdings (SHLD, Fortune 500)' sales have declined every year since 2006, and it's been losing money since 2011.


But wait a minute and look at this!
How absurd.


Washington state defies minimum wage logic
Now the other side of the spectrum.
Jeez, imagine this happening.
Raising the minimum wage could lift hundreds of thousands of low-wage workers out of poverty, but it's also a job killer. Right?

Not so fast. In Washington state, small businesses are adding jobs faster than any other state in the country, according to a report from Paychex and IHS. It's also the state where minimum wage, at $9.32 per hour, is the highest.

Washington state defies minimum wage logic - May. 14, 2014

 

[buckeye45_73]

wow, boiler, you really don't know how business works, about time you're trying to figure it out.

do liberals always use simplistic arguments and always argue in a vaccum?

 

[g5000]

Consumer demand dramatically dropped after the economic crash. Demand is soft.

That means stores aren't selling as much stuff as they used to. Thus, they are losing earnings and must contract.

 

[Fishlore]

If the only way you can stay in business is to pay starvation wages, you should go out of business. Listening to these greedy and incompetent executives whining about their lot makes me puke.

 

[boilermaker55]

You are to easy to contradict.
The post is for the right wingers, such as yourself, that try to continually blame Unions and employees for the demise of business with unreasonable demands.
Try thinking about something before you post about my ideology and my posts.

wow, boiler, you really don't know how business works, about time you're trying to figure it out.

do liberals always use simplistic arguments and always argue in a vaccum?

 

[ClosedCaption]

Raising the min wage kills the lowest paying jobs and for some reason republicans really really want to keep those jobs around so they can complain about the employer paying them so little they qualify for welfare.

Just kidding....Republicans would never blame the company. Its the workers fault for being paid so little by the company they need welfare.

So Republicans will yell at the results of low wages while they fight like hell to keep the cause of people needing welfare. They make their own mud then jump in it and complain about it

 

[boilermaker55]

You are right with your post.
There are so many factors involved in why a company succeeds or fails.
My post was to the anti-worker crowd. They want to blame the downfall of
businesses and companies on the workers so readily it is insane.
But the top management and CEO's seem to get a pass with their golden parachutes.
It's quite evident where that crowd stands.

Consumer demand dramatically dropped after the economic crash. Demand is soft.

That means stores aren't selling as much stuff as they used to. Thus, they are losing earnings and must contract.

 

[Mac1958]

.

Poor workers are forced to work there and not improve their skills. Not allowed to get a second job, like so many of used to. Chained in place like a Chinese sweat shop and have to pee in place.

THAT'S the REAL tragedy here.



.

 

[The Rabbi]

Sears: 'Burning cash,' closing stores

Sears has been on a downward spiral almost since the day it merged with Kmart in 2005. And that plunge seems to be picking up speed.
The company said this week that it may sell its 51% stake in Sears Canada, which operates nearly 20% of the company's stores worldwide. It has quietly closed nearly 100 U.S. stores in the last year. Next week, it's expected to announce dismal fiscal first quarter results and possibly yet more store closings.

Look, those damn workers demanding all those high wages and benefits. How dare they.
Now these store's have to close.
""They have too many stores and they're losing a lot of money, burning cash," said John Kernan, an analyst with Cowen.
Kernan expects the company to close 500 of its 1,980 U.S. stores in a few years and, ultimately, to go out of business."

Sears was once the nation's largest retailer and biggest employer. The iconic company reshaped shopping in the United States with both its catalogs and its massive department stores. But the Kmart merger has been a disaster from the start. Sears Holdings (SHLD, Fortune 500)' sales have declined every year since 2006, and it's been losing money since 2011.


But wait a minute and look at this!
How absurd.


Washington state defies minimum wage logic
Now the other side of the spectrum.
Jeez, imagine this happening.
Raising the minimum wage could lift hundreds of thousands of low-wage workers out of poverty, but it's also a job killer. Right?

Not so fast. In Washington state, small businesses are adding jobs faster than any other state in the country, according to a report from Paychex and IHS. It's also the state where minimum wage, at $9.32 per hour, is the highest.

Washington state defies minimum wage logic - May. 14, 2014

I know. We'll mandate that Sears double the wage of every worker and that will help the company survive!

Boilermaker, you're a really stupid cocksucker, aren't you? And a fail of a human being.

 

[B. Kidd]

Consumer demand dramatically dropped after the economic crash. Demand is soft.

That means stores aren't selling as much stuff as they used to. Thus, they are losing earnings and must contract.

In April, consumer spending rose only 1 per cent (geez, 1 is a lonely number). Prior to April, many so-called experts were blaming the weather for low consumer demand. Weather was fine in April.......so I wonder what the next excuse the 'experts' will give us.

 

[Jarhead]

One does not need to be an adult of 30 years old with a family to stock product on shelves and push buttons on a computerized cash register.

Same for those filling orders at McDonalds.

Those jobs have ALWAYS been for the high schooler and college student...and sometimes the retirees looking for something to do.

The fact that adults with children are taking those jobs is a social issue that needs to be addressed....but not the fault of the employers.

 

[Jarhead]

Consumer demand dramatically dropped after the economic crash. Demand is soft.

That means stores aren't selling as much stuff as they used to. Thus, they are losing earnings and must contract.

In April, consumer spending rose only 1 per cent (geez, 1 is a lonely number). Prior to April, many so-called experts were blaming the weather for low consumer demand. Weather was fine in April.......so I wonder what the next excuse the 'experts' will give us.

California wild fires.

 

[B. Kidd]

One does not need to be an adult of 30 years old with a family to stock product on shelves and push buttons on a computerized cash register.

Same for those filling orders at McDonalds.

Those jobs have ALWAYS been for the high schooler and college student...and sometimes the retirees looking for something to do.

The fact that adults with children are taking those jobs is a social issue that needs to be addressed....but not the fault of the employers.

Good and plentiful U.S. manufacturing jobs disappeared in the Globalization rush. The mantra that hard-sold globalization towards the end of the last century was 'Think Global, Act Local'. Who knew that it would translate into reality to 'Act Global, Screw the Locals'?

 

[boilermaker55]

Again, nothing to really post but to insult.
Typical of your small intellect.
Never falter from your narrow- mindedness.
It just keeps getting better and better from your kind.

Sears: 'Burning cash,' closing stores

Sears has been on a downward spiral almost since the day it merged with Kmart in 2005. And that plunge seems to be picking up speed.
The company said this week that it may sell its 51% stake in Sears Canada, which operates nearly 20% of the company's stores worldwide. It has quietly closed nearly 100 U.S. stores in the last year. Next week, it's expected to announce dismal fiscal first quarter results and possibly yet more store closings.

Look, those damn workers demanding all those high wages and benefits. How dare they.
Now these store's have to close.
""They have too many stores and they're losing a lot of money, burning cash," said John Kernan, an analyst with Cowen.
Kernan expects the company to close 500 of its 1,980 U.S. stores in a few years and, ultimately, to go out of business."

Sears was once the nation's largest retailer and biggest employer. The iconic company reshaped shopping in the United States with both its catalogs and its massive department stores. But the Kmart merger has been a disaster from the start. Sears Holdings (SHLD, Fortune 500)' sales have declined every year since 2006, and it's been losing money since 2011.


But wait a minute and look at this!
How absurd.


Washington state defies minimum wage logic
Now the other side of the spectrum.
Jeez, imagine this happening.
Raising the minimum wage could lift hundreds of thousands of low-wage workers out of poverty, but it's also a job killer. Right?

Not so fast. In Washington state, small businesses are adding jobs faster than any other state in the country, according to a report from Paychex and IHS. It's also the state where minimum wage, at $9.32 per hour, is the highest.

Washington state defies minimum wage logic - May. 14, 2014

I know. We'll mandate that Sears double the wage of every worker and that will help the company survive!

Boilermaker, you're a really stupid cocksucker, aren't you? And a fail of a human being.

 

[Skull Pilot]

Employee Theft Statistics | Statistic Brain

Employees cost businesses a lot.

 

[buckeye45_73]

Raising the min wage kills the lowest paying jobs and for some reason republicans really really want to keep those jobs around so they can complain about the employer paying them so little they qualify for welfare.

Just kidding....Republicans would never blame the company. Its the workers fault for being paid so little by the company they need welfare.

So Republicans will yell at the results of low wages while they fight like hell to keep the cause of people needing welfare. They make their own mud then jump in it and complain about it

wow, i guess you think a store clerk needs to be paid well?

if thats your big money making job, then it is your fault

 

[Katzndogz]

Employees refuse to recognize when the company is being bled dry. That's why there's no Hostess company today.

 

[rightwinger]

Low paid workers did not set up the Sears business model

Sears is getting what they deserve

 

[Skull Pilot]

Sears is going under because they have failed to keep their customer base.

It really is that simple.

 

[Katzndogz]

The successful business model now is as few employees as possible and high turnover. Reliance on temporary help instead of company men. Amazon employs thousands but for a company that size the number of employees is quite small. They have no retail at all. Distribution centers rely on casual labor for peak days or seasons.

Sears cut its teeth on mail order now it's failing under a crush v of retail.