Comments by "" (@davinp) on "Wall Street Millennial" channel.

  1. JCPenney has most of their stores at malls, but now that is a disadvantage as people don't go to malls like they used to and many malls are struggling/dying
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  2. JCPenney never recovered from Ron Johnson. You don't sell clothes and other household items they way you sell electronics. That was a big mistake at JCPenney - getting rid of coupons and discounts which Kohl's still does
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  3. What happened? Eddie Lambert happened. He was only interested in the real estate side of Kmart & Sears, not the retailer or it's employees and customers. Two wrongs don't make a right, so putting 2 failing retailers together won't make them better.
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  4. My childhood Kmart closed in 2014. Often, in the last few years, they only had 1 or 2 cashiers open, so you had to wait in line. Also, they still used old cash registers from the late '90s/early 2000s. After Kmart bought Sears, they never updated their stores or the technology. While Walmart & Target remodeled and introduced self checkout, Kmart did not. Some stores begin too look run down and the ceiling leaks were never repaired.
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  5. Only time will tell if Simon & Brookfield can save JCPenney from going to the grave like Sears has
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  6. Sephora left JCPenney and moved to Kohl's
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  7. By the year 2000, Kmart fell behind Walmart as the top retailer. After Kmart bought Sears, they never updated their stores or the technology. While Walmart & Target remodeled and introduced self checkout, Kmart did not. Some stores begin too look run down and the ceiling leaks were never repaired.
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  8. The Kmart at 7:38 is my childhood Kmart in Dale City, VA. It opened in 1980 and closed in 2014. It would have been 40 years old in 2020.
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  9. In the early 1900's, Sears was the Amazon of its day
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  10.  @SoniaGarcia-kn2jp  I mean they stopped offering JCPenney coupons.
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  11.  @tman4915  Yes, Eddie ruined Kmart & Sears. All he cared about is the real estate
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  12. The big mistake was Kmart buying Sears which becoming Sears Holdings. After that, both retailers continued to decline. They didn't update their stores like Walmart & Target did and failed to get into eCommerce (Online shopping). Eddie Lambert was only interested in the real estate
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