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Posted by aguanga on September 11, 2009 at 05:35:53 from (188.8.131.52):
In Reply to: sears posted by hay on September 11, 2009 at 03:35:35:
There will be quite a few retail bankruptcy victims aside from Sears/Kmart. But you are wrong to assume it was caused by Walmart and that Walmart will be the only retailer left standing. Target and Costco are doing fine and are direct competition for Walmrt. Sears is more of a "Department Store" and department stores in general have been fading for the last two decades or more. You see there is this concept called capitalism which still exists to a degree and if Walmart raised their prices as you suggest people would go to another store or someone else would open a store and under sell Walmart.
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