posted on
January 04, 2009 at 12:25PM
Unfortunately, that is how capitalism works. At the time of bankruptcy both Sears and Kmart were hurting -- times had changed, and unfortunately both these companies had not fully grasped it. When Kmart (Lampert) bought Sears many would argue that they effectively saved Sears. At the time, Sears was not doing too well.
Today, the companies are getting better. It has taken longer than I thnk many would have liked, but I can see it locally. Increased traffic in both Sears and Kmart, programs designed to help customers, and definitely an increase in customer service as of the past 6 months.
While it is unfortunate you lost money (I did as well), that is how the stock market works. Personally, I no longer invest in the stock market preferring to keep my future savings in CD's, T-Bills and other guaranteed forms of payment. Yes, I don't earn as much but when I get ready to retire (in 30+ years!) I will retire knowing I have something instead of nothing.
I am encouraged and pleased by what I see happening, especially at Kmart. I hope the customer traffic continues and I really, really hope to see some revitalization of the stores in 2009 and beyond.