Sears might be going belly up

[1mach1]

Who gets custody of the giraffe?


Sent directly from my mind to yours.

The kid that didnt want to grow up [emoji14]

Sent from my SAMSUNG-SM-G930A using Tapatalk

 

[BobHufford]

Who gets custody of the giraffe?

 

[1mach1]

Hahahahaha [emoji14]

Sent from my SAMSUNG-SM-G930A using Tapatalk

 

[sheeplady]

I have never shopped at toys-r-us, but babies-r-us was a lifesaver when I had babies.

Son won't take a bottle but may take a sippy. We need something that works before daycare the next day or else I can't go to work because he's suddenly not taking a bottle? Babies-r-us and buy one of every one they have. Limited enough selection that it's not overwhelming, but you can walk out with it.

Oh, and the time I bought on sale baby gates to outfit the house for less than online during a sale and got a free baby monitor? Or the time I bought a bunch of clearance baby items and got a free umbrella stroller?

Granted, I had more selection online, but I loved being able to go in and see stuff and walk out with it.

 

[Frunobulax]

BWAHAHAHA!!


Sent directly from my mind to yours.

 

[BobHufford]

Got word yesterday that our local Sears store (currently an anchor store in the Mall) will be closing. Sad day...

 

[ton312]

The last remaining Sears store in Chicago's six corners neighborhood is closing as well. It's been there for 80 years. Same with Bonton stores (Carsons, Bergners).
Amazon has all but killed people's desire to do anything but point and click. The stores have long suffered. I remember as a kid getting dressed up to go shopping at the state street Marshall Fields around Christmas, we'd eat lunch at the walnut room and I'd take home cinnamon bears. It cemented the holiday season for me. Sad that more people would rather order a pre-wrapped gift and have it delivered than spend the time with their family shopping.

 

[tonyb]

I get a tad misty-eyed over this as well. Relatives had worked at Sears way back when. Shopping there with the folks are among my earliest memories.

Still, I suspect that people a century and more ago lamented what was lost by the advent of the big department store. "Don't people actually make gifts anymore?," I can imagine them saying. Or, "These big stores are driving the little shops out of business."

 

[3fingers]

I do some online shopping for new things, but still prefer seeing what I'm buying.
I also do not like the hassle involved with returning items that don't fit or I do not like after they arrive. While it may not be the norm, my boss has been piddling with a pair of boots for 2 weeks with try on and return.
Any savings involved has been consumed by time and irritation.
It also annoys me that people think it is OK to go to a store to try on things with no intention of buying, wasting the time of store staff to go home and order online because they will save a few dollars. I have even heard of people placing the online order whie still in the store where they confirmed what they wanted. Entitled, unacceptable behavior.

 

[Fading Fast]

From MarketWatch:

Here’s the list of 63 stores Sears is closing in the ‘near future,’ and there are more coming

Published: June 1, 2018 10:23 a.m. ET

100 ‘non-profitable’ stores identified, with at least 63 to begin closing in early September

https://www.marketwatch.com/story/h...r-future-and-there-are-more-coming-2018-05-31

 

[Zombie_61]

^ One of the stores on that list is about 10 miles from our house. My wife and I went there early last month--the first time we'd been there in well over a decade--and were a little surprised to see entire sections of the store that were nothing but empty space. I'm guessing they'll close all of their real-world stores eventually, and probably focus on maintaining their online presence.

 

[scotrace]

Shop SEARS Stock & Save. Closed at under fifty cents a share 10/11/2018, expected to announce their own final demise within days.They've lost money every year since 2010, would need $1B a year just to stay alive, and have a debt payment due 10/15 they're unlikely to make.
Looks like this is the end of the line.

 

[LizzieMaine]

I hope that bald-headed abomination Bezos feels the cold breath of destiny on the back of his neck. Sic transit gloria mundi.

 

[Fading Fast]

I hope that bald-headed abomination Bezos feels the cold breath of destiny on the back of his neck. Sic transit gloria mundi.

Wonderful phrase. And, yes, one day, like Sears, Amazon's glory will pass. My guess, your anathema worries every day about growing and making Amazon bigger - and only, once in awhile, worries, in some tiny corner of his brain where all distant fears lie, about it being superannuated - but his active and animating worry is making it bigger. Just my guess, nothing more.

 

[Fading Fast]

Shop SEARS Stock & Save. Closed at under fifty cents a share 10/11/2018, expected to announce their own final demise within days.They've lost money every year since 2010, would need $1B a year just to stay alive, and have a debt payment due 10/15 they're unlikely to make.
Looks like this is the end of the line.

This has to be one of the longest slow-motion deaths of a corporate giant we've seen. Toys R Us wasn't fast, but it feels as if Sears has been dying longer than the average company's entire lifecycle.

 

[scottyrocks]

I heard on the radio this morning that Sears has been missing debt payments.

 

[Juanito]

I would agree that the Internet is a factor in Sears demise, but they have made so many blunders is every aspect of business (operations, accounting, finance, and yes marketing) that it is a wonder why they are still here at all. "The softer side of Sears"? Marketing The Craftsman tool line through K-Mart? The K-Mart merger in the first place? The Land's End boondoggle? Prodigy Internet services? Discover Card and Dean Witter? A strategy where real estate was was worth more than the operating business?

I don't think I would point the finger so much at Bezos but rather the hubris of Lampert.

 

[LizzieMaine]

Agreed. Eddie Lampert is a preening, prancing fool. The only reason those kidnappers let him go was that they couldn't stand to listen to any more of his BS.

 

[Zombie_61]

Sears began as a "mail order catalog" company, so I would have thought a transition to online ordering would have been a no-brainer for them. I know they have an online presence, but taking their apparent financial troubles into consideration I now wonder if they'll be able to maintain that after their retail stores have closed.

 

[3fingers]

^^^^ I don't see how they can. There are too many well developed and well run competitors already out there and I have no confidence in any of their current management being able to successfully run a lemonade stand. Sears really hasn't been Sears for a long time anyway. It is a name that has been sold and foolishly run into the ground. The bones have been picked clean to enrich a handful of people at the cost of destroying the company.