Had a rather animated "discussion" with a co-worker a few years back who swore up, down, and sideways that "Montgomery Ward is alive and well and just went back to its roots as a catalog operation" because his wife buys him all of his pants from the Montgomery Ward catalog. I tried to explain, no, Montgomery Ward as it existed from 1872 - 2000 is defunct and gone, Swiss Colony simply acquired all of the trademarks, logos, color schemes, merchandising plans etc. which gives them the legal rights to conduct business as "Montgomery Ward". He genuinely couldn't seem to wrap his head around that concept. Although I suppose in the grand scheme of things, stuff like this matters not. If the pants are comfortable and don't split open when you bend over, you're doing well . . .
Something similar happened after the bankruptcy of GM in the financial meltdown of 2008-09. When GM emerged from bankruptcy and the stock was trading for thirty-some dollars a share, there were people on internet comment boards posting, "see, see, GM is fine now, the stock is back up yada yada yada" "Yeah, okay, take those GM shares you purchased for 10 cents during the bankruptcy to a broker and try to sell them NOW and see what happens." (spoiler alert, it's not the same company anymore.)
I lived a block away from the MW building in East Oakland. I remember, as a kid, it was open, and people were shopping there. But over time, it became depressing; it started to fall apart, and then it was announced they were going to demolish it. I watched it from my window, happening in real time. People collected some rubble from the building as mementos; my mom still has a large chunk of it at home.
Thanks for video. I hate I didn't get a chance to experience this store did experience Sears though. I tell people all the time I was born in the wrong era.
@@TheNSTLKIAChannel Imagine a combined Sears-Montgomery Ward and that merges with Kmart....HOLY SMOKES is all I gotta say... Also fun fact: on 2 separate occasions, both Circuit City and Sears almost bought out Best Buy.
Sears and Montgomery Ward (owned partly by GE Capital at the time) almost merged in the 90s as well, but it never happened. Sears would have been the surviving company if this had happened.
@@trevonpernell0814 That means GE would have owned all of these stores if that happened, and then eventually sell them all off since they began to sell assets off in the later 2000s.
I worked at Monkeys for 5 years at Salisbury Md. Dawn of internet but they didn't help themselves with the dreaded service contracts. "If they're not buying the contract blow them off or go home". As a commission salesman I'm supposed to blow off a 3K sale??? Unfortunately the managers bonus hinged on service contracts. Doubtful they would have survived with the internet but they would have squeezed another ten years out of it anyway.
I go from binge watching mob content to giant retailers going out of business ! My favorite channel on YT.
That's funny I do the same thing love the mafia channels in these business channels I can't get enough of them
I still use my mid '70s M.G. Airline clock radio every day. Still keeps perfect time with a reliable alarm and clear sounding radio. 👍
Had a rather animated "discussion" with a co-worker a few years back who swore up, down, and sideways that "Montgomery Ward is alive and well and just went back to its roots as a catalog operation" because his wife buys him all of his pants from the Montgomery Ward catalog.
I tried to explain, no, Montgomery Ward as it existed from 1872 - 2000 is defunct and gone, Swiss Colony simply acquired all of the trademarks, logos, color schemes, merchandising plans etc. which gives them the legal rights to conduct business as "Montgomery Ward". He genuinely couldn't seem to wrap his head around that concept.
Although I suppose in the grand scheme of things, stuff like this matters not. If the pants are comfortable and don't split open when you bend over, you're doing well . . .
Something similar happened after the bankruptcy of GM in the financial meltdown of 2008-09. When GM emerged from bankruptcy and the stock was trading for thirty-some dollars a share, there were people on internet comment boards posting, "see, see, GM is fine now, the stock is back up yada yada yada" "Yeah, okay, take those GM shares you purchased for 10 cents during the bankruptcy to a broker and try to sell them NOW and see what happens." (spoiler alert, it's not the same company anymore.)
Great video! You sure to have a knack for making these videos!
Thank you!
Amazing video! Can't wait to see your channel grow :)
Thank you!
Love your content bro keep it up for real!
I lived a block away from the MW building in East Oakland. I remember, as a kid, it was open, and people were shopping there. But over time, it became depressing; it started to fall apart, and then it was announced they were going to demolish it. I watched it from my window, happening in real time. People collected some rubble from the building as mementos; my mom still has a large chunk of it at home.
Thanks for video. I hate I didn't get a chance to experience this store did experience Sears though. I tell people all the time I was born in the wrong era.
I think one day maybe 50 to 60 years from now maybe a hundred will be talking about the same thing with Walmart everything has a cycle
5:19 NO WAY. Montgomery Ward could've merged with SEARS??!!!
I know I was shocked too! It could've saved them a ton of trouble 🤣
@@TheNSTLKIAChannel Imagine a combined Sears-Montgomery Ward and that merges with Kmart....HOLY SMOKES is all I gotta say...
Also fun fact: on 2 separate occasions, both Circuit City and Sears almost bought out Best Buy.
Sears and Montgomery Ward (owned partly by GE Capital at the time) almost merged in the 90s as well, but it never happened. Sears would have been the surviving company if this had happened.
@@christiangonzales7429 WHOA. Sears could've merged with Montgomery Ward and then acquire Best Buy both in the 90s...
@@trevonpernell0814 That means GE would have owned all of these stores if that happened, and then eventually sell them all off since they began to sell assets off in the later 2000s.
I worked at Monkeys for 5 years at Salisbury Md. Dawn of internet but they didn't help themselves with the dreaded service contracts.
"If they're not buying the contract blow them off or go home".
As a commission salesman I'm supposed to blow off a 3K sale??? Unfortunately the managers bonus hinged on service contracts.
Doubtful they would have survived with the internet but they would have squeezed another ten years out of it anyway.
We had 3 different location throughout the years in our town.
Walmart will have same fate in the future
So is the march of time.
Very well done! I was only in a Wards in the late 80s a few times at Regency Mall in Augusta Ga. I was unimpressed.
I can imagine 😂
Montontery ward was in tel twelve mall,,
Ｐｒⓞм𝕠𝕤𝐌