this post was submitted on 03 Jun 2025
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[–] [email protected] 25 points 2 weeks ago* (last edited 2 weeks ago) (4 children)

HBC has a dark history but in modern form, it could have also provided important competition to Amazon. Apologies are in order nonetheless.

Aside: it’s amazing how HBC, Sears, etc. had successful mail-order/catalog businesses before Amazon came along and built a mail-order system on the internet - and completely threw away their lead.

The PE firm should be required to liquidate assets in order to pay the severance owed to the employees. It is a moral failure of the government and society to allow them to get away without paying.

[–] psvrh 8 points 2 weeks ago

The real modern competitor to Amazon could have been Consumers Distributing.

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