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2017-03-18 Economy
J.C. Penny shuttering 138 stores
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Posted by Besoeker 2017-03-18 00:00|| || Front Page|| [5 views ]  Top

#1 Way too many brick and mortar stores to survive in a digital Amazon age. Sears should have absolutely ruled but they were exiting catalog sales right as Amazon entered - and what is Amazon except a giant online catalog, which Sears already had? Of course Amazon had no sales tax to collect, giving them an 8% advantage - makes one wonder why.
Posted by Glenmore 2017-03-18 10:33||   2017-03-18 10:33|| Front Page Top

#2 Sears decided it wanted brick and mortars in every state, and thus had to cover all taxes.
Posted by Procopius2k 2017-03-18 18:19||   2017-03-18 18:19|| Front Page Top

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