General Electric to cut 12,000 jobs in power division

Stock price down 43% over the last 12 months.

Sears is down 63% over 12 months, although somebody made money, it's up

They should also cut management down to the bone; ZERO middle-management; make division managers responsible for increasing shareholders value and leave them alone when they do so.

Here's one retailer doing real well, they sell trash of course:

,000 jobs in its power division as the industrial conglomerate's new CEO in stitutes sweeping changes and the company grapples with a decline in busine ss for coal and natural gas products.

I bought some $1 Sunbeam LED bulbs from one of those dollar stores.

George H.

They're not much lower on the food chain than KMart/Sears. Have you actually been in a KMart recently?

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I was in a KMART once, I think, can't really remember if it actually happen ed or was a nightmare. And I never bought anything from Sears except tires and maybe a battery of two about 35 years ago. Online may be a superior ret ail methodology but it's the same minefield of low quality overpriced trash . There was a time when the big retailers had really expert buyers who nego tiated quality as well as price, it was important for the store to maintain a good reputation, but that era is pretty much dead.

KMart now is an experience. I bought some towels to use at the gym. They're low quality Cannon but were cheap. I knew what I was buying and they work for the purpose. The store is just as tacky as a dollar store and they have much of the same crap. I can't believe this particular KMart gets any traffic at all. It's in a rather up-scale city.

That's certainly true of Sears/KMart.