Quote:
Originally Posted by Por_sha911
The whole department store idea has been on its way out. They used to be the place to shop to find "everything" and one of the only places where you could get a "charge plate". Society appreciated quality and value as opposed to low price. Now, Wallyworld, Target, KMart are the go to places and credit is everywhere. Montgomery Wards is gone, JC Penney has been on life support for some time. I predict that unless the store is high end or trendy: Needless Markup, Macy's, Proffitts... they will be gone.
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KEY word - CREDIT
Dept. stores made monster profits on the juice!
Recall Sears also created Discover Card - with the slogan, the card that paid you back. LOL
Anyhow, that was a superb tactic by Sears in that holders could use that Discover card at competitor stores.