Sears J.C Penny's. Ward's and many others are simply retailers who failed to adapt to the times and market trends and now they pay the price. Sears and J.C. Penny's both had tremendous logistic systems that could of been adapted to meet new market demands. Heck either of them could of been Amazon but they missed the opportunity. Either could of started or bought into the popular retail market and built something the size of Walmart before Mr Sam got there but missed the boat. Let's get something straight, Corporations are not people, but like people they can die. A corporation can and only will be immortal if they have leadership that knows their markets and the future of those markets as well as the ability to see emerging markets in or near their field OR can look at opportunities outside their immediate field that resources they have in place can service. Many big companies and the military suffer from the senior leadership being isolated from the reality of their business. An example was Wells Fargo's decision to set sales goals for their retail bankers. This process didn't consider the market share they already had AND the differences between local markets across their service area. The end result is their retail marketing arm developed methods to meet their quotas that were less than honorable. I run into this at my current place of employment, I'm involved in an egg factory and chickens lay eggs seven days a week to handle this we have two separate crews both with regular days off occur during the work week and alternating weekends. Corporate tends to look at the world as a Monday through Friday 9 to 5 model and get upset when a query or request is made and not responded to in a "timely" manner as they asked on the first day of you weekend off which includes the Saturday and Sunday as well as a Monday and Tuesday OR a Thursday and Friday. Or the 4 days of safety training they publish on Monday when all that's left in your work week is a Thursday and Friday, or the weekly binder review (three binders one each day) updated on a Tuesday with one shift having Only Wednesday, Saturday and Sunday left (can't make the Friday deadline) and the other shift Thursday & Friday (have to double up one day and take the unscheduled down time to make your safety & training goals). Best Buy is also dealing with some change but with some of them I have moonlighted at their corporate management considers square footage vs dollars of sales and community size, distance to the next same size or larger community and competition in the market area both local and national. When the "local" Best Buy store has their quotas set they consider that store is doing 30-50% more sales per square foot than any other Best Buy in the district. Then management looks at the fact the nearest larger market center is over 100 miles away and the competition they have within their city. So our local store management is recognized for being superior performers but their goals consider they have an above average market share in their city and significant growth in their store sales requires a growth in the larger local market.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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