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| Topic | Sears Canada to CLOSE all of its Stores as 12,000 Jobs are LOST!!! |
| Zeus 10/11/17 2:00:31 PM #40: | Jiggy101011 posted... The writing is on the wall for stores that aren't WalMart, Costco, and Target. Im expecting Sears US division, Kmart, or Kohls to go next. Given that Sears and Kmart are owned by the same parent company, what happens to one will likely happen to the other. Kohls is unlikely to go because several of its direct competitors have either folded or are looking weak right now and, unlike other industries, customers like buying clothes in person. Plus, year-to-year, Kohls has reported fairly consistent earnings --- 19b net revenue/sales, 6.9b gross profit -- for the past five years, with only last year being a small dip. https://amigobulls.com/stocks/KSS/income-statement/annual As for Costco, they have an absurdly weird business model which basically discriminates against the poor and hurts average customers through membership fees and bulk purchasing practices. It's not so much a retailer as it is a wholesale distributor which offers worse terms than average wholesale distributors. Because of that business model, Costco operates on much tighter margins than something like Kohls (again, like a wholesaler rather a retailer) so, despite doing over 118b net revenue last year, it only accrued 15.8 gross profit http://www.marketwatch.com/investing/stock/cost/financials Granted, Costo has been growing year-over-year for the past 5 years. --- (\/)(\/)|-| In Zeus We Trust: All Others Pay Cash ... Copied to Clipboard! |
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