Sears suppliers getting concerned

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Looked at a "tour" of a Richmond,Va Sears store on the "Bing" homepage.The place was a ghost town.Displays in disarray.A lone bed just "chilling" in another department.It wasn't in the bedding or furniture dept.Is this for the lone store employee naps?The picture of the appliance dept was clean and nice--but NO ONE there!Pictures also showed dirty and cracked walls,another covered with wrinkled paper-isn't this a fire code violation?Pretty sad.Sears-just close and end your misery!Haven't been to the one near me-last time I was there-it was also a ghost town.Only thing good was the tool dept-but Craftsman tools are now Chinese!
 
I go to sears because they have a great footwear department. Well stocked and easy to find what you want. The mens clothing is well stocked and they have the odd 29 leg that I am. Funny, when I was a kid we didn't venture into sears very much except for sales and a couple of times for a washer and then a dryer. It's too bad they switched to the cold lighting some time back. I remember when the lighting was warmer, more friendly like you find in a macy's.

I did go there looking for a dishwasher recently. The guy scared me out of buying one because of the changes in code require a switched outlet. The unit cannot be hardwired to a junction box either. So I'm holding on to my 21 year old Kenmore
(a.k.a. power clean module whirlpool).
 
holding on to my 21 year old Kenmore

You'll probably be happier with that Kenmore, anyway, unless you had the budget for really high end European...

 

I lived somewhere about 10 years ago with a WP DW made probably about 1990. Older than your unit. But even though it was BOL, it was was pretty decent. It didn't have the solid build you get from older dishwashers, but it was far less flimsy feeling than what's at Home Depot now. And it washed well. No washing dishes in the sink before washing them in the DW. And I got these results with a "Light" wash setting. (This merely skipped one wash period with detergent at the start.) People cringed at this...but the light wash did the job as far as I could tell.
 
It likley has not

mattered who was the ceo of Sears holdings for the past 8 years. Those running it are just biding their time, and will take what is left and retire.
I knew one of the top K Mart accountants. He told me it would go this way.
 
What I wonder is what impact these closing stores will have on malls? The mall here has both a Sears and Kmart. I believe both of these locations are strong performers, so I don't expect to hear of a closure here. But if they do eventually close, that's two large anchors in one mall that will be empty.

The trick is malls need to get another large retailer to move into the space, which isn't likely to happen in this era of traditional brick and mortar stores closing, not expanding. They could also divide the vacant space into smaller units and try to rent that which may or may not work. Another less desirable alternative is to use the space for an alternate use, such as a call center or government offices, or maybe a college facility.

It seems more likely to me that the spaces will remain shuttered for many years if they ever find a tenant. This leaves the interior entrances blocked off, and the exterior with an empty parking lot and likely unkempt and trash-strewn landscaping and label scars. All of these things contribute to a mall decline in public perception and possibly being an invitation for crime as homeless try to enter the abandoned spaces, and an empty parking lot being places for crime or drug activity to occur.

With the case here, having multiple anchors affected by closures, does it really bode well that the mall can survive without the rents from two large tenants leaving? Surely it would be even more difficult, likely impossible to get any new stores to move into not one but two large spaces, in a mall that already has some vacancies?
 
Robbing peter to pay Paul

Earlier this month, Sears reported another huge quarterly deficit -- $748 million -- bringing its total losses to $9.35 billion in the past eight years. The company needs to raise about $1.5 billion to make it through 2017 comfortably, according to Christina Boni, an analyst at Moody's Investors Service.

 

Eddie is doing a bang up job ain't he?
 
Nice! So now Lampert can collect on all the interest from those loans.
What a smart guy.

There is literally no reason for me to set foot in a Sears today.
The closest thing to how great Sesrs was when I was a kid (we're talking the mid 90s)
is Ace hardware.
Sans the appliances.
I MAY check out a Penneys still. Maybe.
And they HAVE appliances now!

But the last time I was in a Sears a few years ago, they denied the replacement of a broken craftsman tool I had because they said it was not lifetime guarantee! I thought that was the whole point of craftsman tools. And while i was there browsing, I noticed that their selection on lots of things was less than half of what I remember it being. And most of it was junk anyway. Messy. Disarray.
Surly employees.
Really no point ever going back.

Lampert can shove Sears up his hooha and take it with him on his next vacation in Galt's Gulch.
 
Home Depot's brands are Husky and Rigid.
They're very good for what they are.
Mostly Chinese but some US made stuff.
Rigid is a partnership with Emerson, which I really like.
Very durable and well performing stuff. Great motors.
Even if they're foreign sources, much of the stuff is to Emerson standards.
 
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