Sears suppliers getting concerned
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Forget Last Holiday Season LAST YEAR, it oughtta be THIS!
Sounds like Sears should just fold...
-- Dave
Sounds like Sears should just fold...
-- Dave
cycla-fabric
Well-known member
What a Shame
It's a shame that a once great company, is slowly going down. All the blame goes to the head guy Eddie Lampert or whoever the guy is. He has ruined a once great firm.
Doug
It's a shame that a once great company, is slowly going down. All the blame goes to the head guy Eddie Lampert or whoever the guy is. He has ruined a once great firm.
Doug
vacerator
Well-known member
Sears news paper add
had a patriotic Veterans day Kenmore top load washer/dryer set. The consoles are done up like American flags.
Look to be by Whirlpool. Collectors items? $379 each.
had a patriotic Veterans day Kenmore top load washer/dryer set. The consoles are done up like American flags.
Look to be by Whirlpool. Collectors items? $379 each.
That place was headed for the skids before Lampman was born. Starting in the 1970s, they tried more changes than a picky shopper at Loehmann's and none of them were flattering or successful. Sears started the Discover card and then got rid of it. It is a successful credit card even today. Poor Sears; it is sad for them.
Patriotic set
Probably not going to happen until 2018-19. They refinanced a lot of their debt until then. They've been forecasting this every year for years. They still own hundreds of stores that weren't part of the leaseback deal as well.
Kmart effectively died in the early 1990s.
My dad started shopping at Sears in the late 80s early 90s, it was dead then and dead now. I learned to shop at Sears for deals because of it. Literally everything I own that wasn't from a thrift store is from Sears.
The thing is their prices aren't bad, and most of the stores really aren't either and they're usually well stocked, they just need to find out how to generate foot traffic.
Kmart effectively died in the early 1990s.
My dad started shopping at Sears in the late 80s early 90s, it was dead then and dead now. I learned to shop at Sears for deals because of it. Literally everything I own that wasn't from a thrift store is from Sears.
The thing is their prices aren't bad, and most of the stores really aren't either and they're usually well stocked, they just need to find out how to generate foot traffic.
vacerator
Well-known member
It's possible,
but who knows. Times have changed. My dad was with Sears for 33 years and made a good living. He talked about the decline as far back as the early 90's. At one point, a Japanese real estate firm owned the Sears Tower. Now Willis of England does. Things didn't improve much when they divested Allsate insurance.
He retired in '95, and his group health plan was cancelled soon after.
He had a healthy retirement principle though because Sears had very good profit sharing until 1985, and they gave them a choice of a monthly pension or a lump sum.
but who knows. Times have changed. My dad was with Sears for 33 years and made a good living. He talked about the decline as far back as the early 90's. At one point, a Japanese real estate firm owned the Sears Tower. Now Willis of England does. Things didn't improve much when they divested Allsate insurance.
He retired in '95, and his group health plan was cancelled soon after.
He had a healthy retirement principle though because Sears had very good profit sharing until 1985, and they gave them a choice of a monthly pension or a lump sum.
iheartmaytag
Well-known member
I was in Dead-Mart last night
There was maybe five customers in the entire store. Odd for a K-Mart, there were quite a few employees running around stocking and rearranging.
One thing of notice, the pharmacy is gone, and the electronics section is gone save for a few display TVs that had not sold. Lots and lots of stuff in the isles to where you could hardly get the cart through.
I could hear the dinosaur's death rattle.
Prediction to Watch:
My brother was telling me from inside information that Wal-Mart will be closing quite a few stores after the new year. With online so dominate any more there is just not the volume of foot traffic to justify the brick and mortar stores that are so expensive to keep inventory, stock, and staff. Not to mention maintenance, and utility costs.
There was maybe five customers in the entire store. Odd for a K-Mart, there were quite a few employees running around stocking and rearranging.
One thing of notice, the pharmacy is gone, and the electronics section is gone save for a few display TVs that had not sold. Lots and lots of stuff in the isles to where you could hardly get the cart through.
I could hear the dinosaur's death rattle.
Prediction to Watch:
My brother was telling me from inside information that Wal-Mart will be closing quite a few stores after the new year. With online so dominate any more there is just not the volume of foot traffic to justify the brick and mortar stores that are so expensive to keep inventory, stock, and staff. Not to mention maintenance, and utility costs.
Lampert probably cannot wait for Sears to fold so he can sell off all that delicious real estate they hold across the nation.
Once the burden of running that husk of a company is over, he can mega cash in on the sales of all their corporate owned locations.
Once the burden of running that husk of a company is over, he can mega cash in on the sales of all their corporate owned locations.
vacerator
Well-known member
John,
I wonder how much real estate Sears Holdings still owns. There are empty stores in malls already from former anchors who closed.
I've seen Kroger buy one old K Mart, and tear it down to build a new store, yet other empty stores near other new Kroger's were passed over in favor of vacant lots. I guess it depends on the location and price how valuable existing space is.
I wonder how much real estate Sears Holdings still owns. There are empty stores in malls already from former anchors who closed.
I've seen Kroger buy one old K Mart, and tear it down to build a new store, yet other empty stores near other new Kroger's were passed over in favor of vacant lots. I guess it depends on the location and price how valuable existing space is.
neptunebob
Well-known member
One thing that has always struck me about the outlet stores, the ones around here (we don't even have a "regular" Sears anymore) is how beat up the merchandise is. All of the appliances have dents and scratches, some of them severe. It seems as if they are losing a lot of money by damaging merchandise before it ever reaches the consumer - what is going on in their warehouses?
It's not just Sears, I bought a Whirlpool range hood from Lowe's for remodeling mom's kitchen and when I took it out of the box, it looked as if someone had jumped on it - and it wasn't me! I was able to return it, but the girl at the return desk told me when I get the new one, to be sure to open it before I leave to be sure it is not damaged. I guess I have to do that with everything now.
It's not just Sears, I bought a Whirlpool range hood from Lowe's for remodeling mom's kitchen and when I took it out of the box, it looked as if someone had jumped on it - and it wasn't me! I was able to return it, but the girl at the return desk told me when I get the new one, to be sure to open it before I leave to be sure it is not damaged. I guess I have to do that with everything now.
It wouldn't surprise me if they go under. It's hit-or-miss when you go into any one of their stores. Their store in Austin was one of the filthiest, nasty, stores I ever walked into, was embarrassed anyone saw me go in there. Merchandise never saw a dust rag ever. The big store in San Antonio is much better, cleaner, but merchandise is poorly organized and displayed. It has a discount store feeling to it. Sad.
vacerator
Well-known member
Cosnidering
all of the former stores which have gone defunct, nothing surprises me.
Even the large conglomerates are struggling in leu of online shopping and big box store competition.
Even Best Buy was in trouble, but now they offer higher end appliances to broaden their market reach and compete with smaller high end shops.
all of the former stores which have gone defunct, nothing surprises me.
Even the large conglomerates are struggling in leu of online shopping and big box store competition.
Even Best Buy was in trouble, but now they offer higher end appliances to broaden their market reach and compete with smaller high end shops.
Saw this article this morning. Normally I don't recommend Salon, but this seems to be an objective piece.
Well, what do we expect?
They began treating their employees like dirt and, surprise, surprise, they're going down the same road as Circuit City.
Our local K-Mart has a young (cute, too) manager who treats his staff well. They have discretionary powers absolutely unheard of at other K-Marts. Great sales, clean store, well-stocked and friendly.
Our local Sears is a hell-hole from Calcutta in which I refuse to set a foot. Went there with friend to buy tires a few years back. They told her they don't carry parts for 'them thar' foreign cars'. Literally.
Lousy management, lousy employees, dirty store - no way in Hell I'll ever buy anything from them when the K-Mart right around the corner can get me the same products in 24 hour turn-around. Oh, yeah - they go to the local distribution warehouse for their Sears' products because the local Sears store intentionally sends them damaged goods or lies and says the don't have products in inventory which they have.
Once upon a time, Sears had great products at good prices. Today, they're a mess.
They began treating their employees like dirt and, surprise, surprise, they're going down the same road as Circuit City.
Our local K-Mart has a young (cute, too) manager who treats his staff well. They have discretionary powers absolutely unheard of at other K-Marts. Great sales, clean store, well-stocked and friendly.
Our local Sears is a hell-hole from Calcutta in which I refuse to set a foot. Went there with friend to buy tires a few years back. They told her they don't carry parts for 'them thar' foreign cars'. Literally.
Lousy management, lousy employees, dirty store - no way in Hell I'll ever buy anything from them when the K-Mart right around the corner can get me the same products in 24 hour turn-around. Oh, yeah - they go to the local distribution warehouse for their Sears' products because the local Sears store intentionally sends them damaged goods or lies and says the don't have products in inventory which they have.
Once upon a time, Sears had great products at good prices. Today, they're a mess.
vacerator
Well-known member
Just try
running things without bean counters.
Some are dishonest, like any other professional.
Bad management may be more to blame. They are not the bean counters.
A bean counter does your taxes, actuaries estimate and compound data all day long for numerous things.
Some say run the Govt. like a business, well last decade many went belly up and had to be bailed out, including the next guy at the helm of it all 4 times.
Stay tuned.
Up here, anything non union made is mainly bought by union people. They make more, and thus spend more, and can afford to save more. Their benefits are better, and that trickles up to salaried people in the same industry.
Bust the rest of them down and watch what happens to the economy.
They are already trying to make state police, etc. pay 25% more of their healthcare. Thanks for risking their lives everyday to provide for their families.
running things without bean counters.
Some are dishonest, like any other professional.
Bad management may be more to blame. They are not the bean counters.
A bean counter does your taxes, actuaries estimate and compound data all day long for numerous things.
Some say run the Govt. like a business, well last decade many went belly up and had to be bailed out, including the next guy at the helm of it all 4 times.
Stay tuned.
Up here, anything non union made is mainly bought by union people. They make more, and thus spend more, and can afford to save more. Their benefits are better, and that trickles up to salaried people in the same industry.
Bust the rest of them down and watch what happens to the economy.
They are already trying to make state police, etc. pay 25% more of their healthcare. Thanks for risking their lives everyday to provide for their families.
