In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
This does not mean Amazon would not buy a department store. I can certainly picture it acquiring Nordstrom (NYSE: JWN); which has a “best in the industry” reputation, and a loyal customer following much like Whole Foods. It also likes to implement next generation retail practices like setting up “storefronts” for online merchants and Tesla dealerships in its stores.
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The real culprit in the death of the Great American Department Stores is changing times. Since there is no way to change that investors should stay away from this sector, perhaps far away.
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Some observers even point to the lack of bankruptcies (or major bankruptcies) to cast doubt upon all the whole proposition of a retail apocalypse. These critics are mistaken; the lack of bankruptcies does not make the apocalypse fake news. The Dallas Morning News estimated that 5,377 chain store closings had been announced as of May 14, 2017.
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It looks as if Sears is close to death and a chapter in American retail history is about to end. We are now living in the age of Amazon and many brick and mortar retailers are doomed.
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Sears Holdings’ (NASDAQ: SHLD) CEO Eddie Lampert is justifying suspicions that he is crazy. His newest turnaround strategy of blaming
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Every store with the name Sears on it might be history in the very near future. One of the legends of American retail is about to die. One has to wonder if anything named Sears can make money in today’s world.
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The big question to ask here is: how long can Sears operate. Theoretically it might be able to stay in business for around 21 quarters or another five years. This calculation is based on a -$1.521 billion operating loss every quarter. It would take about five years to eat through all of Sears’ revenue with a loss like that.
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The most disturbing aspect of the retail apocalypse afflicting America is that nobody knows how many stores are really closing.
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With the great retail die off heating off, many investors are wondering what companies will disappear next. Here is a list of companies in several industries that might vanish over the next year or so.
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All of these investments are real risky and you’ll probably lose money but you never know. As Benjamin Graham liked to point out Mr. Market is completely insane and he often rewards off the wall investors while punishing conventional thinkers severely.
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