Guest123_x1
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If any of you have been to a Kmart or Sears store in the past couple of months, you may have noticed that the video game section has been removed from the store. I noticed this very thing this past Saturday when my mom and I visited the Kmart in Vienna Township, Michigan (near I-75 north of Flint).
When I went to the electronics section, I noticed there was hardly any video gaming related merchandise, and whatever was left was all marked as clearance.
After getting home and doing some Internet searches, I found a few threads on various gaming forums that basically confirmed that Kmart and Sears were indeed quitting sales of video games and clearancing whatever they have left. Various reasons were given, primarily that Kmart/Sears weren't paying their vendors for shipments of merchandise.
At first, when I noticed the video game section at Kmart all but gone, I was in initial shock, but later I realized that this could be a sign of the times to come for Sears Holdings.
I remember my mom getting me the original Super Smash Bros. for N64 at this Kmart location, and Pokémon Crystal at another location (which has since closed) shortly after it was released. Kind of bittersweet thinking about this development. I'm wondering now if this is one of the signs that the troubled retailer is close to filing bankruptcy.
Disclaimer: The previous sentence is not investment advice!
Discuss what you think of Kmart and Sears removing their video game sections, and what you believe the reason for such a move could be.
Another point to think of - could this be a signal for other brick-and-mortar retailers (e.g. Target, Walmart, etc.) to follow suit and discontinue video game sales as well?
When I went to the electronics section, I noticed there was hardly any video gaming related merchandise, and whatever was left was all marked as clearance.
After getting home and doing some Internet searches, I found a few threads on various gaming forums that basically confirmed that Kmart and Sears were indeed quitting sales of video games and clearancing whatever they have left. Various reasons were given, primarily that Kmart/Sears weren't paying their vendors for shipments of merchandise.
At first, when I noticed the video game section at Kmart all but gone, I was in initial shock, but later I realized that this could be a sign of the times to come for Sears Holdings.
I remember my mom getting me the original Super Smash Bros. for N64 at this Kmart location, and Pokémon Crystal at another location (which has since closed) shortly after it was released. Kind of bittersweet thinking about this development. I'm wondering now if this is one of the signs that the troubled retailer is close to filing bankruptcy.
Disclaimer: The previous sentence is not investment advice!
Discuss what you think of Kmart and Sears removing their video game sections, and what you believe the reason for such a move could be.
Another point to think of - could this be a signal for other brick-and-mortar retailers (e.g. Target, Walmart, etc.) to follow suit and discontinue video game sales as well?