My daughter has a summer job at Abercrombie & Fitch. The are expected to know the YoY sales numbers for the day. Interesting enough the sales goal is almost always lower than the previous year's sales figures. When they exceed the sales, even by a large amount management's attitude is -- Oh! OK. Definitely a head scratcher of a business strategy.
No wonder why these retail chains are going out of business left and right.
No More Toys R Us Kids? | Dead Mall & Retail Documentary | Retail Archaeology Retail Archaeology
Published on Sep 7, 2017
Toys R Us was one of my favorite childhood stores. This is a video tour of Toys R Us on a Saturday afternoon. I hate to see them struggle because they're stores are really nice as this video tour shows.
Kmart is an American retail department store chain in the US. The chain purchased Sears for $11 billion in 2005, forming a new company under the name Sears Holdings Corporation.
The Kmart name was incorporated much earlier by Sebastian Kresge, but the first Kmart store didn't open its doors until 1962. Although initially innovative, Kmart quickly went into decline after Kresge's death. Today, the Kmart company is once again near the verge of bankruptcy, closing more and more retail stores alongside its companion, Sears. Currently, Kmart has only 624 stores remaining, with more to be closed soon.