Kmart winding down

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My Grandma

use to shop at Hill's in Calcutta Ohio. She lived just over the state line. That was my Moms Mom. My other Grandma lived in Plum Pa. until 1965.
We used to go to this huge place that sold appliances, furniture, even toys called Kelly & Cohen.
 
When we'd

vist Grandma when I was a pre teen, I used to go to the G.C. Murphy and buy model car kits so I'd have something to do, other than sit and listen to the Cruicible steel mill's blast furnace all day long.
 
slightly off topic...don't have a hussy fit

From a report I was reading this morning...

 

"Sears' decline is threatening to kill off at least 200 shopping malls.

 

The retailer has closed 22% of it's stores in the last decade, and it's expected to shutter even more locations as it struggles to stay afloat following years of declining sales, Credit Suisse analysts wrote in a recent profile report.

 

When anchor stores like Sears shut down, shopping malls tend to suffer financially and eventually shut down.

 

That's because malls must find a replacement tenant for the massive retail space that the anchor store occupied. which is nearly impossible...especially in malls that are already financially strapped...when every major department store is reducing it's retail footprint."

 

As a former department store buyer, it's all very sad. My old "alma matter"...the once great store is now all but forgotten. There were many wonderful times along with the excitement of San Francisco in the late 70's and early 80's.

 

 

twintubdexter-2016092812533307147_1.jpg
 
Oh, no doubt!

CBS radio news today reported that Sears credit along with at least two other chains are at risk, and their stock price keeps falling.
Who knows, with malls closing and being demolished, we may see an urban renewal of downtown multi floor department stores again some day.
Those new young yuppy techs who live in city lofts like to shop also.
Why drive to the suburbs?
 
The end might be closer than we think

You need not have a BS in Econ 101 to read between the lines here. Eddie has pretty much milked all the cows he can find.

In retail, when your comp store sales decline quarter after quarter after quarter, it is not long before you are at the end of the financial rope. True, most of the sales declines are due to store closings, but always look at comp store sales. That is where you take a retailer's "pulse" if you will.

http://www.fool.com/investing/2016/09/21/can-sears-live-long-enough-to-make-it-to-christmas.aspx
 
As sad as it is, I think honestly they are probably better off dumping K Mart and focusing on the Sears brand. There just isn't enough market share for them to support 2 different stores. I believe Sears still has a lot of life left in it...actually when I hear most people talking about getting appliances, Sears always comes up...they are still clearly a leader in that category. Kenmore, Craftsman, and their auto division do very well. They should really focus on that and try to modernize Sears. I hate to see K Mart be a causality, but there's just not much there anymore.
 
When it comes to Sears and Kmart...

Just remember what the late Rona Barrett used to say..."just keep thinking those gooooooooood thoughts".

twintubdexter-2016100713260502494_1.jpg
 
Yes, Rona

said that every morning after the Hollywood gossip segment, then Erma Bombeck came on with "if life is a bowl of cherries, why am I in the pits?
 
Cheyenne K-Mart closing

Employees (including manager) found out in the local newspaper.

Our local Sears (worst Cl**t*r F**k in the State) will be kept open.

Which is stupid beyond words - everybody in town like the K-Mart, nobody patronizes this Sears.

Picked up quite a few good bargains, including a Chromebook I've always wanted to try. Saved a few hundred dollars, in all.

Sad, though - Lambert has a lot to answer for. 

 
 
They just have no real direction...except that he wants it to be a "tech" company. But this story is being played out with other stores too...S/K have just been going downhill longer. I always thought they should have acquired or merged with a wholesale club like BJ's...put Sears and KMart under one roof....Sears would handle the tools, appliances, yard equipment, and automotive...the other side would be KMart with your traditional wholesale club stuff...perhaps offer smaller quantities as well to draw in more people. They could expand on their Shop Your Way by it being a membership fee to get in...just like the others. Would certainly have given them an edge.

It's too bad Super K's have gone by the wayside. They were my first "supercenter" experience and they had an outstanding product in the 90's and early 2000's. If anything they should combine Sears/KMart in rural areas where there is no competition. They would do very well.

Maybe I should apply to take over? haha
 
Joe,

your second to last post made my day!
Wanting to be a tech. company is the latest fad. Like all the .COM's that went belly up in 2000. Now every company has a .COM
Remember Y2K? It didn't happen until 2008.
Meryl Lynch was bullish on America until the stearn bear killed the bull.
 

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