Thursday, December 29, 2011

Going ,,, going ...

Although not a business person, I read the business pages from time to time. You may have seen that Sears [+Kmart] had a bad Christmas season and is in real trouble. One recent article listed it among ten brands that are likely to disappear within the next year or so, and the company already announced that over 100 stores would be closing.

Today we heard that the store in Baraboo, our nearest Sears outlet, is among those that will disappear, probably this spring. It is not a big mall anchor store, but it is a real store, not just a small outlet. Around 50 people are likely to lose their jobs as a direct result, but the impact will be greater. The store is one of the largest taxpayers in the village of West Baraboo, and if the building remains unoccupied, the reduced tax income will create other problems. So we hope that someone else will move in soon.

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