The Retail Rot In The US Economy Is A Sign Of America’s Fall – Sears Just Reminded Everyone It’s On Life Support and May Never Get Off

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Over the years retail giants J.C. Penny’s and SEARS stood as beacons of light that shined around the world to show America’s economic dominance and economic prowess. Today that is no longer the case. Just one touch from the hand of God against such a mighty nation is bringing both it’s retail giants and America herself into a state of poverty and disgrace.

In reality you are now watching in real time “The Fall Of America!” She is falling and the world outside her window is looking and watching the great economic juggernaut fall. And she is indeed falling.

If you look at the rot and decay in America all you have to look at is the state of retail and the state of education and the state of the average American and the state of America’s present and future jobs market. It doesn’t look good for her at all.

Sears Just Reminded Everyone It’s On Life Support and May Never Get Off

Brian Sozzi,TheStreet.com
If Sears Holdings Corp. (SHLD) had one foot in the grave coming into the year, then it has just dipped the second foot into a six foot hole.
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The dying retailer said in a new filing on Friday that same-store sales since the start of the year crashed 11.9% between its two banners. Excluding one-time gains related to the sale of the Craftsman tool business and certain real estate, Sears lost between $190 million to $230 million.
That is worse than a year ago when it lost $181 million. Sears also announced the departure of CFO Jason Hollar, who had only been on the job for about six months.

The company hinted strongly it will move to shutter more stores beyond the round of 150 closures it just completed. …

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