Money talks: Sears of change
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 16 October 2018
⏱️ 16 minutes
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| 0:00.0 | May I have your attention please you can now book your train tickets on Uber and get |
| 0:08.0 | 10% back in credits to spend on your next Uber ride so you don't have to walk home in the brain again. |
| 0:15.0 | Trains, now on Uber. T's and C's apply. Check the Uber app. Giant retailer Sears is bankrupt. |
| 0:27.0 | Ciers is bankrupt. What happens next? Well, they got an apartment with deep my car, |
| 0:34.0 | and a couple of paintings from seers. |
| 0:36.0 | You could buy houses from seers, |
| 0:38.0 | you could buy watches, you could buy dogs, |
| 0:40.0 | you could buy tools, you could buy |
| 0:42.0 | absolutely anything, but it just hasn't evolved the |
| 0:46.1 | power of American shale oil this year America is expected to produce more crude oil |
| 0:51.3 | than Saudi Arabia or Russia. |
| 0:53.8 | And while dropping the weight and weight watchers |
| 0:55.6 | mean that it can now take on the heavyweights |
| 0:57.4 | of the wellness industry. |
| 0:58.6 | The scales were sort of hidden behind a curtain |
| 1:02.0 | and it was optional to weigh yourself. They're literally hiding the skills. |
| 1:06.3 | I'm Helen Joyce, the finance editor of the Economist. Welcome to Money Talks. |
| 1:11.3 | First, Sears has declared itself bankrupt. The iconic chain of department stores was founded |
| 1:15.8 | 126 years ago in 1892. It used to be the largest retail company in America until it was overtaken |
| 1:21.9 | by Walmart in the 80s. Josie |
| 1:23.8 | Dallap is our retail correspondent Josie what happened? Sears has been declining for a |
| 1:28.1 | long time. This has been a very gradual steady downturn for the chain and it's a story that fits with the general |
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