Sad to see so many companies go on bankruptcy on these days. That is thanks to online easy way to shop. This companies needs to understand that we are in the era of the big baby boomers generation that are now “too old” to spending time shopping in the stores, it is a lot easier for us to just go to Amazon who make it so easy, and affordable to make our shoppings there with a delivery with no charges most of the time to our doors and easy returning if necessary. The new generations are even more prone to shop online!
Bad management, poor planning and many options!
Borrowing on equity gets you in trouble always. Businesses that borrow more money than a yearly net heads down that rabbit hole of failure. This is sad, an icon of the fashion industry.
Major paradigm shifts coming. How does a company(a department store) end up facing a $100 million interest payment? Not to mention the principle payment.How is that possible? Something isn’t right.
Very sad. I like this department store. Unfortunately the company that took it over made some crucial errors that have hurt this once great department store. I hope it can be saved. I think it can be saved with the right company stepping in. I like it better than Macy’s and Bloomingdale’s. We need to making in store shopping enjoyable again. The quality of Sac’s is great. They do need to improve customer service. I would hate to see it go.
Sad to see so many companies go on bankruptcy on these days. That is thanks to online easy way to shop. This companies needs to understand that we are in the era of the big baby boomers generation that are now “too old” to spending time shopping in the stores, it is a lot easier for us to just go to Amazon who make it so easy, and affordable to make our shoppings there with a delivery with no charges most of the time to our doors and easy returning if necessary. The new generations are even more prone to shop online!
Bad management, poor planning and many options!
Borrowing on equity gets you in trouble always. Businesses that borrow more money than a yearly net heads down that rabbit hole of failure. This is sad, an icon of the fashion industry.
Major paradigm shifts coming. How does a company(a department store) end up facing a $100 million interest payment? Not to mention the principle payment.How is that possible? Something isn’t right.
Very sad. I like this department store. Unfortunately the company that took it over made some crucial errors that have hurt this once great department store. I hope it can be saved. I think it can be saved with the right company stepping in. I like it better than Macy’s and Bloomingdale’s. We need to making in store shopping enjoyable again. The quality of Sac’s is great. They do need to improve customer service. I would hate to see it go.