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My guess is that they got their lunch eaten by Wal-Mart and Target. Wal-Mart beat them on cost and margin. And you can't operate a mega-chain on premium custom
by rhino369 8y ago
My guess is that they got their lunch eaten by Wal-Mart and Target. Wal-Mart beat them on cost and margin.
And you can't operate a mega-chain on premium customer service since the average customer shops on price or convenience.
Department stores have been dying for a long time.
- Zigurd 8y agoI should have made clear just how ancient I am. When I was a kid, it was still the heyday of department stores like Lytton, Goldblatt,and Marshall Field which had their own candy shop selling their own candies, and a department called "millinery." Some of these stores were notably stuffy and seemed to cater to my grandmother's generation. But they were still prosperous. I had never seen a Wal Mart.
- spiralx 8y agoThe dysfunctional Randian management model imposed by their CEO had more to do with their failure than any external woes: https://outline.com/dnb2UK https://outline.com/dnb2UK