Sears/K-Mart loses 975 million in first half of year. www.nytimes.com/2014/08/22/business/sears-holdings-posts-first-half-loss-of-nearly-one-billion.html. Staples to close 140 stores this year. www.bloomberg.com/news/2014/08/20/staples-plans-to-shut-140-north-america-stores-this-year.html
No wonder Follett has become DG and ML personal employment agency! Hard to believe the Follett board doesn't see what is happening right before thier eyes. Follett will be in bankruptcy this time next year!!
Do you have a transcript of that speech? I would be interested in reading it.
I find it funny that the higher education group president sent out a speech when he took over, about values and plans that clearly plagerised the speech given by the Kmart CEO in 2001 that he heard while working there as a mid level executive. And within a year of that speech, Kmart declared bankruptcy. Is that a sign of times to come?
They certainly are! Really vad.
Sales are declining at a faster pace.
The family must be totally disconnected now. That is an impressive track record.
Must be a Chicago thing.