Sears bankruptcy looming

[fan-of-fans]

With a deadline to buy Sears out of bankruptcy today, looks like the end could be as soon as tomorrow.

https://newyork.cbslocal.com/video/4000924-deadline-for-offers-for-bankrupt-retailer-sears-nears/

 

[Marky_Mark]

How the mighty have fallen

It’s a shame. The last time I was in Sears was in Edmonton about a year ago. At the front of the appliance section (in the middle of an aisle) they were displaying a portable dishwasher that was clearly missing one of its castors and was looking a bit sad. Unfortunately that’s Sears in a nutshell these days.

 

[lowefficiency]

I can't believe it, and I can believe it, both at the same time.
We lost our last Sears store earlier this year... Got some good deals in their last few days.

Is Sears PartsDirect shielded from this in any way, or will they go down with Sears? (Has anyone stepped up to buy their parts division?)

 

[iheartmaytag]

I have to say:

They have no one to blame but themselves.

First they put a real estate person in charge of the company. All he is interested in is the holdings.

Second they fail to adapt. Sear's started the Mail order/catalog business. Don't put blame on Amazon for failing. The failure was Sear's in not adapting, taking on the sinking ship K-Mart, and overall providing some of the worst customer services in the retail arena, save Penny's.

My opinion, all that's left is the liquidation and funeral.

 

[kd12]

Even in the early 2000s this didn't seem possible, let alone back in the heyday of the 80s. Never in a bazillion years would I have though they could sink to what they have become over the last 15 years. I think at this point it's too late to fix. They have sold off far too many assets that were at the core of their business. RIP.

 

[sel8207]

intentional

It was done intentionally. Not accidentally.

 

[daveamkrayoguy]

The SEARS Attempt at Reinventing Itself:

There was Dental Care and then there was Home Care... Did those services make it like their Home Improvement and Eye Care, not to mention their stores (& Budget Outlets) promoting Customer Care?

 

Nope! And in this day & age there is NO Care, for anyone left of their clientele or themselves either...

 

And where once in a magazine there was an ad for a promising career in an up-and-coming retailer, (Sears And The College Graduate book you could order for jobs/careers there) there is no longer a bright future as much as trying to revive a now decayed past...

 

 

 

-- Dave

[this post was last edited: 12/29/2018-17:40]

https://jobs.sears.com/page/seasonalhiring

 

[tolivac]

Will have to look in the Greenville Sears place-bet the buzzards are circling!

 

[jmm63]

I was sad to learn they closed the Sears in Lincoln Park Michigan where I grew up. Was once one of their highest volume stores and now gone. Fond memories of my Grandmother taking us there, the smell of popcorn and new tires, the huge appliance and vacuum department. I'm sure they will tear it down in a heartbeat.

https://en.wikipedia.org/wiki/Lincoln_Park_Shopping_Center

 

[gansky1]

We will soon be a Sears-free city, as will our capital city, Lincoln. There will still be 8 Hometown Sears stores around the state but given the condition of the company as a whole, those may not be long-lived.

Their flagship store in downtown Omaha opened in 1928 and was the first Sears location to sell farm implements on site. In 1960, Sears moved from downtown to what was at the time, the western edges of the city at the Crossroads Mall. The mall has been dying for a decade and redevelopment plans for the site have ebbed and flowed during that time with no definite plans to date.

Sad to see that era of a shopping community come to an end. No more parades, Halloween parties and lines to see Santa. Even more surreal, the virtual end of Kenmore, Die Hard, Road Handler, etc. in the city.

https://www.omaha.com/money/sears-s...cle_9a92fc70-805c-594a-be55-62155f1016cd.html

 

[estesguy]

Last Sears in Kansas closing in March

The last Sears in Kansas will close in Wichita in March. The mall itself is doing very well, so that's not the problem. Hard to believe when the mall was built, the Sears part wasn't there, and was added on a few years later. I could see it coming for awhile though, as they got rid of televisions several months ago. They used to have multiple brands of lawn equipment, but ended up with just the Craftsman brand. But then there are fewer items for people to visit the store to shop for!! It just snowballs after that.

 

[vacerator]

Two of America's eldest retailer's

were A&P for groceries, and Sears. A&P was founded in 1859, and Sears in 1883.
A&P became defunct in 2010.
Kroger is pretty long in the tooth as well. Today it has many banners under it's umbrella, as did A&P.

 

[lordkenmore]

>Hard to believe when the mall was built, the Sears part wasn't there, and was added on a few years later.

One of the Sears stores that apparently closed last year was added onto the mall where my family shopped. In a way, it felt like it had been there forever, but also I can remember when the Sears first opened. Now it's gone.

I have wondered if the period when that mall had no Sears wasn't a reason why parents didn't shop Sears very often. There was, apparently, a Sears in some downtown location, but my mother did not like going to that area. By the time that Sears showed up, other stores had become the default choice that Sears might have been.

 

[jamiel]

A&P defunct-ed in 2015-16, actually.

 

[Chetlaham]

Very sad, considering what Sears was and could have still been. While there recent history has been dumb blunders, between the 60s into the 90s their marketing and brands were pure genius even to this day.

 

[tolivac]

I am going to visit the Sears in Greenville and see whats up-when I drive by it-the parking lot looks empty-----Is it closed-will go by there in the next few days and see.

 

[48bencix]

Another delay

The bankruptcy court was supposed to decide yesterday, Friday Jan. 4, if they would accept the latest bid from Eddie lambert, or liquidate the entire company. The court decided to wait until Tuesday, Jan. 8. I am following this saga day by day, expecting them to liquidate.

Sears has already closed three Sears in this area in the last few months. Arden Fair Mall is the last one left. Actually it has been kept up with newer carpet and recessed ceiling LED light fixtures. Over the years I have purchased my Dishwasher, tools, Diehard car batteries, my Craftsman Leaf Vacuum and some clothing. I am not that sad to see it go, but will go a final time when they close to mourn the passing.

 

[fan-of-fans]

I went to the mall last night (got caught in a rain storm) and the Sears here is open, but I didn't go inside. I will miss it when they close, because of the memories. But it's also sad to visit because of how empty it is of customers these days.

Hmm, maybe I should stop by this weekend, since it could be my last chance.

 

[brainardcooper]

#SaveSears

I went to the Sears in Greenville, SC last weekend. Bought tires for the car, clothes, underwear, socks, a pair of shoes, etc. It was a pretty good experience. There were people to assist me when needed and I was pleasantly surprised. Not at all like the dismal experience I had in Ft. Lauderdale over the New Year. I did see some signs of wear around the edges (sections empty of racks, merchandise, etc.).

I am going back tomorrow to purchase a washing machine that I saw on sale.

 

[daveamkrayoguy]

I wanna borrow your time machine...

 

 

 

-- Dave