What happened to the Verizon ringback tone? As if Millennials needed another reminder of our own aging, Verizon has announced full discontinuation of ringback tones and ringtones. The iconic tones shaped so many of us who were coming of age in the early to mid 2000's. The decision: what song do I want to play … Continue reading Verizon Says Goodbye to Ringback and Ringtones
Is Stein Mart Bankrupt? Stein Mart, the storied chain that began in 1908 with a first location in Greenville, Mississippi by Russian Jewish immigrant Sam Stein, recently filed for Chapter 11 bankruptcy due to the COVID-19 pandemic back on August 12, 2020. All 281 stores across 30 U.S. states will be liquidated. We will examine … Continue reading What Happened to Stein Mart? The Rise and Fall of the Department Store Chain
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 November 6, … Continue reading How Many Sears Stores Are Left?
Post last updated August 30, 2020. According to JCPenney's official website, there are "approximately 850" 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. (This was revised and is now 152 stores).On June 23, 2020, it … 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