Drowned by debts, the company tries desperately to continue operating, convince its creditors with a restructuring plan and reinvent itself to not disappear. With the death of Sears, 68,000 workers from the 700 remaining stores of the company would go home. The prospects are not rosy: in the last decade, Sears has closed about a thousand stores of its department stores, sold (sold, for some) some of its most popular brands and has seen how the value of its Ebook Template action has plummeted. In 2007, before the crisis triggered by junk mortgages, it reached $ 120; this week, it was trading at around twenty cents. Dismantling Sears bankruptcy is the last major episode in the dismantling of US commerce. The leak of buyers to online channels and the devastating appearance of Amazon has been a transverse tsunami in trade, which has overwhelmed everything that was put in front:
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From 1947 to 1952, the country’s suburban population grew by 43%. The shopping center became the “square” of the suburb, where to find shopping and entertainment, and emerged as mushrooms all over the country. Between 1970 and 2015, its number grew twice as fast as that of the population.
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Today there are still 1,200, but many go through problems. In the third quarter of this year, 9.1% of its spaces were vacant, the highest percentage since 2011. In recent years, photo reports of ghostly “malls”, abandoned after their closure, have been repeated. It is expected that in a decade two hundred of them disappear.
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The giant of Amazon, meanwhile, came to have a value of one trillion dollars at the beginning of September. That same month, the online commerce giant opened its first physical store in New York, where the best-valued products are sold by its customers. A paradox for a sector that has already changed forever.
Icarus wanted to fly so high that he tried to reach the sun with his wax wings, but they melted as soon as he approached. With its fall, Greek mythology teaches us the risks of flying too high.
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The same has happened to the low-cost Indonesian airline Lion Air, which has staged the last major aviation accident. With 189 occupants, its JT610 flight crashed on Monday in the Java Sea within minutes of taking off.
giants such as Macy’s have closed hundreds of stores, each year they go bankrupt chains that once were moneymakers and icons of the US economy (Toys “R” Us, Radio Shack, Sports Authority and Ebook Template Shoes are recent examples) and even the American flagship in this field is injured. mall. The mall, the mall, is a way of life in the USA. After the Second World War, in full economic boom, much of the American urban society changed the cities by the suburb to fulfill the dream of a house with a garden, two cars in the garage and safe streets for children.