American retail, like American manufacturing, now obsolete
Used to be an American business icon
It seems that American retail is now going the way of the Dodo - only to be curiously examined at natural history museums that such an odd creature ever existed.
News today is that the iconic Sears Tower in Chicago is being renamed for a new London-based tenant, Willis Group Holdings. The new Willis Group Holdings Tower - wait I’m sorry I guess they are going with Willis Tower, and I already had a nemonic device, W is for Willis, G is for Group, HT is for hot tub - will consolidate several local Willis Group offices, while killing the spirit of all blue collar workers in the entire Midwest.
Moreover, Willis Group Holdings insisted that they did not pay extra for the naming rights, saying “they practically begged us to move in. Half that building’s been empty for a year now. The negotiator was shaking in his shoes so I joking threw out naming rights as a deal breaker. He said he’d change the signs tomorrow. ”
With the death of retail, manufacturing, and real estate in America, financial firms are our last great growth industry. How is that going? Oh, once-in-a-generation meltdown you say? I’m moving to China.
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