There's a Caldor down the street from me, to answer your question. Hard to make a judgement by one store, but things seem the same as they've ever been there. It's kind of a mainstay, which is why I find it hard to think it would ever go under. As far as whether vendors have been paid, I believe they have. In fact, when Caldor first got into trouble back in Sept. '95, they made a point of notifying all vendors that accounts would be paid.
Regarding George's comment, I think that when you walk into a store like this (as well as K-Mart, WalMart and all the other Marts) you're talking a self-serv approach, like it or not. Aside from that, Caldor's always seemed to have whatever I need.
I've been in and out of this stock a couple times. Although they're obviously still bleeding red big time, I was slightly impressed by the year-to-year Q1 loss cutting. And they still are the fourth largest discount retailer in the country. I find the stock at this level risky but intriguing, especially given its rapid bounce from $1-$2 last January.
DF |
