Jason Solarek picture
November 8, 2019
Jason Solarek at Bridge shared
November 8, 2019
Jason Solarek picture
November 8, 2019
Jason Solarek at Bridge shared

From 2,000 stores to 182 stores—that’s how much Sears, the storied retailer that also owns Kmart, has shrunk in just 5 years. That’s a reduction of 90%.

Remember when people said the retail apocalypse was over-rated, or over? With the currents affecting Nordstrom, Neimans, Barneys, and Macy’s, I believe that we’re still in the midst of the storm. And, even after these other retailers close, the remaining ones will have to spend $1.50 for every $1 they take in to compete against Amazon. So, will the storm ever end?

Wall St. and pension funds continue to lend money to Amazon at a rate that is 1/10 the rate at which your store can borrow. That’s helping fuel this storm. Our free market system has generated an outcome whereby just a handful of entities are winning, keeping the spoils, and using the proceeds to further swallow up the markets.