This piece is a continuation on our series keeping tabs on classic retail chains as they unfortunately fade into the rearview. This list is solely for full line Sears stores, Sears Grand, Sears Appliance & Mattress, and Sears Home Life stores. This list does not include owner operated Sears Hometown Stores. As of June 29, … Continue reading How Many Sears Stores Are Left?
Post last updated July 8, 2020. According to JCPenney's official website, there are 846 remaining locations, but the company announced a list of 154 stores closing on June 6, 2020 in the wake of their Chapter 11 bankruptcy filing in May 2020. On June 23, 2020, it was announced another 13 stores will close. On … Continue reading How many JCPenney stores are left?
I had a boss who was an expert in the garment industry and had spent the early part of his career immersed in the business of clothes. He used to drop into clothing stores in New York City for fun, just to observe how well they were managed. Were customers greeted promptly at the door? … Continue reading The Reopening Process is an Opportunity for Attentive Investors
Photo: BroStocks Media. I was doing my biweekly grocery pick up when I saw a rather striking site across the plaza, an empty Chuck E. Cheese's parking lot with big writing on the windows: $5 PIZZA. It was in that tacky writing you see on the back of a midsize SUV or minivan that says … Continue reading Adjusting to the New Reality: Chuck E. Cheese in the COVID-19 Era
At BroStocks we have a soft spot for the classic retail chains that played a big part in our childhood memories. This is the first in a multipart series in tracking the remaining open locations of the classic and troubled traditional retail chains that are marching on during the age of Amazon and e-commerce. You … Continue reading How many Kmarts are left in the United States?
Update: On April 7, 2020, NASDAQ halted trading of Luckin Coffee (LK) indefinitely.Update: On May 11, 2020, Luckin Coffee's Board fired CEO Jenny Qian Zhiya, and COO Jian Liu.Driven by a tech savvy strategy combined with efficiently laid out stores, Luckin Coffee went from a concept in late 2017 to having more store locations in … Continue reading What happened to Luckin Coffee? A big blow in its attempt to knock off Starbucks in China
Update: As of June 13, 2020, the Press of Atlantic City is now reporting that owner Carl Icahn has reached agreement with Atlantic City Mayor Marty Small, Sr. to tear the building down no later than February 2021. The simple answer to the headline's question is Carl Icahn, the 84-year-old billionaire and supporter of President … Continue reading Who Owns the Trump Plaza Atlantic City and What is Going on With it Now?
"We thought originally it would be something that firms would buy for top employees...it soon became apparent the public was smarter than we were." Bob Crandall, American Airlines CEO & Chairman 1985-1998 The early 1980's were a time of difficulty for American Airlines. The Airline Deregulation Act of 1978, a law that was arguably quite … Continue reading American Airlines once offered a lifetime of flights for $250,000
To put it simply, the American retail icon Sears has had by all metrics a terrible decade. Their last profitable year was 2010. The store count has nearly vanished and the below chart from Business Insider is shocking, but not too surprising to see. They also spun off or sold their most valuable assets, the … Continue reading Sears at Christmas in 2019
We begin our series on fleeting retail where we will explore the transition of American commerce from places like malls to largely either online sales, discount retailers, or high end shopping. The middle American mall is fading and Credit Suisse estimated in 2017 that 20-25% of American malls will close by 2022. Columbia Mall, Bloomsburg, … Continue reading Fleeting Retail: Dead Mall in Central Pennsylvania