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RIP Sears

Discussion in 'Sports and News' started by The Big Ragu, Jan 8, 2019.

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  1. Chef2

    Chef2 Well-Known Member

    Yes.
     
    Chef2, Jan 8, 2019
    #37
    murphyc and Vombatus like this.
  2. Cosmo

    Cosmo Well-Known Member

    [​IMG]
     
    Cosmo, Jan 8, 2019
    #38
    Vombatus likes this.
  3. Hermes

    Hermes Well-Known Member

    It's kinda crazy that Sears had the Amazon model down about 100 years ago and never thought to replicate it online.
     
    Hermes, Jan 8, 2019
    #39
    Vombatus likes this.
  4. poindexter

    poindexter Well-Known Member

    There was a CBS Sunday Morning piece on Sears a month or two ago, and in the early internet stage (dial up) they had an online purchase program through like Compuserve, but never followed up with it.
     
    poindexter, Jan 8, 2019
    #40
    Hermes likes this.
  5. JimmyHoward33

    JimmyHoward33 Well-Known Member

    Lampert is an idiot. Delusional. Go back 10 years in an era when Target and Walmart were making record capital expenditures to improve store quality and that yahoo is cutting everything to the bone while touting something called “‘my gofer” and a poorly run rewards membership.

    That’s what killed the company, not Amazon and not the marching of time. Lampert himself and his refusal to hire retail people to run a retail operation. You can’t run retail like a hedge fund. Sounds an awful lot like the way some suits run their newspapers.

    Few examples of his lunacy here
    At Sears, Eddie Lampert's Warring Divisions Model Adds to the Troubles

    Eddie Lampert Used Fake Name To Argue With Employees On Sears' Internal Social Network
     
    JimmyHoward33, Jan 8, 2019
    #41
  6. poindexter

    poindexter Well-Known Member

    poindexter, Jan 8, 2019
    #42
  7. The Big Ragu

    The Big Ragu Moderator Staff Member

    Court gives Sears new life, allows Chairman Eddie Lampert another chance to save retailer

    Sounds like the court is giving Lampert more time on his bid to buy the company out of bankruptcy. He has to put up $125 million as a deposit by 4 pm tomorrow. The court originally rejected his bid because it didn't cover bankruptcy costs. He said that the bankruptcy had gotten too costly. It sounds like they will hold an auction later this month, and then compare Lampert's bid to whatever they can get to liquidate. If his bid is better, Sears may end up surviving, although who knows in what form.
     
    The Big Ragu, Jan 8, 2019
    #43
  8. DanOregon

    DanOregon Well-Known Member

    The last purchase I made at a Sears was a digital camera five or so years ago. Don't know when the last time I used it was. Also - from what I've read the Lampert idea I think was more based on the real estate holdings than turning the company around.
    Toughskins, Craftsman, Kenmore - I'll blame the Kardashians.

    Sears’ Kardashian Kollection is Officially No More
     
    DanOregon, Jan 8, 2019
    #44
  9. playthrough

    playthrough Moderator Staff Member

    That story hit home in my neck of the woods. But Marsh would have gone under on its own eventually, with Don Marsh spending lavishly on himself and so many of the stores being terrible. I could have cried when we moved from Florida (and all those glorious, clean Publixes) and I went to the local Marsh for the first time. Disgusting.

    As for Sears ... loved me some Craftsman tools.
     
    playthrough, Jan 8, 2019
    #45
  10. ChrisLong

    ChrisLong Well-Known Member

    I always considered it a good Christmas season when I DIDN'T have to go shop at Sears. Never liked the place. It was always an old, dreary place.
    The one in my hometown closed a few years ago, but the building was tabbed a historical landmark so they can't tear it down.
     
    ChrisLong, Jan 8, 2019
    #46
  11. DanOregon

    DanOregon Well-Known Member

    I am surprised someone hasn't come up with a way to utilize all of the empty big box stores and grocery stores that litter America. I realize malls themselves are in trouble - but turn them in to fitness clubs, or make them mini-malls for small business owners, or indoor crafts markets...
     
    DanOregon, Jan 8, 2019
    #47
  12. swingline

    swingline Well-Known Member

    Craftsman tools now at Lowe's, where the employees seem to be trained to walk around and ignore you as much as possible.
     
    swingline, Jan 8, 2019
    #48
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