Monday, October 5, 2020

Retail Archaeology updates two bankruptcies, JCPenney and Stein Mart, tales of the Retail Apocalypse and pandemic

I wrote "I know I'll be blogging more about the Retail Apocalypse, as I have a video from Retail Archaeology to share about JCPenney" near the end of Stein Mart files for bankruptcy and will close all stores, a tale of the Retail Apocalypse and pandemic. That was a month and a half ago, and I've been so busy with the 2020 election, COVID-19 pandemic, and Emmy Awards that I haven't followed through. Since then, Erik of Retail Archaeology has also uploaded a video on Stein Mart, so it's time to share both of them before they turn into pumpkins, an appropriate image for the month of October.

I begin by sharing Erik's update on JCPenney, JCPenney: Bankrupt & Out Of Time.

In this episode of Retail Archaeology we take a look at JCPenney and go over some of latest news about them. This location in this episode is at Paradise Valley Mall, a dead mall in Phoenix, AZ.
The answer to "is JCPenney the next Sears?" is still yes. At least Sears and KMart avoided liquidation. That's a better prognosis than for the subject of Erik's next video update on a retail bankruptcy, Game Over For Stein Mart.

In this episode of Retail Archaeology we take a look a Stein Mart. Stein Mart is a 112 year old department store chain that just filed for bankruptcy and is closing all of their locations.
Stein Mart's fate makes it the next Toys R Us without the rebirth, although I could be wrong. RadioShack returned after I had given up hope.

That's it for the Retail Apocalypse for today. Stay tuned for a drinking game, memes, and drinks for this year's Vice Presidential Debate between Kamala Harris and Mike Pence. That promises to be better behaved than last week's WWE match of a debate.

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