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/biz/ - Business & Finance

File: 571 KB, 2000x2000, Payless.jpg [View same] [iqdb] [saucenao] [google]

12757772

₣ Anonymous Thu Feb 14 22:23:17 2019 No.12757772 [Reply] [Original]

>Retailer Payless ShoeSource set to shutter its U.S. stores: sources

>U.S. discount retailer Payless ShoeSource Inc plans to close all of its approximately 2,300 stores when it files for bankruptcy later this month for the second time in as many years, people familiar with the matter said on Thursday.

>The move would make Payless one of the most high-profile victims of the string of bankruptcies that have hit the brick-and-mortar retail sector as more shopping is done online. Toys “R” Us and The Bon-Ton Stores are among the retailers that shut their stores in liquidations in the last 12 months.

>Payless had been trying unsuccessfully to find a buyer. After no such deal could be clinched, the Topeka, Kansas-based company has decided to initiate preparations to liquidate, the sources said.

>There is still a small chance a buyer could emerge after Payless files for bankruptcy, the sources said. In the meantime, the company is preparing to run going-out-of-business sales at its shops in the next week, one of the sources said.

https://uk.reuters.com/article/us-paylessshoesource-bankruptcy-stores/retailer-payless-shoesource-set-to-shutter-its-u-s-stores-sources-idUKKCN1Q32VM

>>	Anonymous Thu Feb 14 22:24:31 2019 No.12757781 File: 13 KB, 320x240, jeff.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Thu Feb 14 22:26:26 2019 No.12757796 >>12757772 F

>>	Anonymous Thu Feb 14 22:27:19 2019 No.12757805 >>12757772 Who has time to shop after an 8 hour shift? Fuck that shit.

>>	Anonymous Thu Feb 14 22:31:12 2019 No.12757827 honestly, i wonder how much btc to buy payless. would i have any left over for my fart queen?

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Anonymous Thu Feb 14 22:37:55 2019 No.12757873
File: 515 KB, 1920x2367, AFD3C460-455E-4CE6-A188-D78407387268.jpg [View same] [iqdb] [saucenao] [google]

One step closer to a Matrix-like scenario

>It's the year 2040
>No one steps outside of their homes anymore
>Everyone orders goods and services online
>Robots do almost all the work that humans did
>Everyone is monitored 24/7 via a special neckband
>All information about their lives and everything they have ever done and said are stored on the blockchain

>>	Anonymous Thu Feb 14 23:21:24 2019 No.12758096 File: 30 KB, 455x525, Am i white.jpg [View same] [iqdb] [saucenao] [google] >>12757772

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Anonymous Thu Feb 14 23:39:19 2019 No.12758178

Jesus, I feel old
All these formerly-big American companies that I saw tons of 1990s TV commercials for as a kid, now having money issues/going out of business....
Kodak, Blockbuster, Sears, Circuit City, Radio Shack, Toys-R-Us, Payless....
I don't like change

>>	Anonymous Thu Feb 14 23:42:29 2019 No.12758191 They have some ok shoes sometimes. I've bought Sperrys from there for almost nothing. >>12758096 Is that Brittani Venti?

>>	Anonymous Thu Feb 14 23:45:40 2019 No.12758204 >>12758178 it's a great example of what happens when a company gets too big and stops trying to innovate because the old way works so well for them. Google will be joining this list ten years from now.

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Anonymous Thu Feb 14 23:50:54 2019 No.12758235

>>12757873

We're at a kind of an interesting point where we can profit off of making the future a disgusting authoritative technocratic dystopia without having to reap the horrid repercussions

we've already imagined and fantasized about how horrible the future "could" be, now we're set in exploring how close we can get to that terrifying future

>>	Anonymous Thu Feb 14 23:53:50 2019 No.12758250 2,300 locations is a shitload of stores. When's the last time a chain store shut down that many locations all at once? Is this specific to Payless, or is this a broader indicator of weakness in the retail sector?

>>	Anonymous Thu Feb 14 23:56:46 2019 No.12758267 >>12758178 >Kodak Biggest fuckup of the bunch. "Hey lets invent digital cameras but then ignore them so we don't cut into our film business because that's going to last forever"

>>	Anonymous Fri Feb 15 00:05:20 2019 No.12758327 >>12758204 >it's a great example of what happens when a company gets too big and stops trying to innovate because the old way works so well for them Telling companies to "innovate" is like saying "learn to code".

>>	Anonymous Fri Feb 15 00:17:55 2019 No.12758369 File: 9 KB, 349x124, 1517514546285.jpg [View same] [iqdb] [saucenao] [google] >>12758204 https://www.youtube.com/watch?v=_1rXqD6M614

>>	Anonymous Fri Feb 15 00:22:26 2019 No.12758383 >>12758235 Seriously this it's amazing. It's almost like we all know the horrors that are coming, but are hedging our bets we'll end up in the aristocracy committing them.

>>	Anonymous Fri Feb 15 00:29:35 2019 No.12758409 File: 59 KB, 662x900, 1528405509759.jpg [View same] [iqdb] [saucenao] [google] Why are any retail shops open during the day when all other wage slaves are also working?

>>	Anonymous Fri Feb 15 00:30:33 2019 No.12758417 >>12758409 This. Who buys shit from 8:00 am to 5:00 pm? Housewives? No wonder they are going out of business.

>>	Anonymous Fri Feb 15 00:59:48 2019 No.12758548 >>12758409 Going to a store on a weekday is pretty nice. You don't have to deal with the crowds. I try to do as much shopping on weekdays as I can and try to do no shopping on Sunday except for restaurants if I can.

>>	Anonymous Fri Feb 15 01:35:34 2019 No.12758722 >>12758267 Not to mention their irredeemable dog shit software

>>	Anonymous Fri Feb 15 01:52:18 2019 No.12758784 >>12758548 Agreed but apparently it's not cost effective on their side