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Sears

 
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Old 10-15-2018, 06:51 AM   #1
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Sears


Well its over....https://www.bizjournals.com/louisvil...42-stores.html

They hung on for as long as they could. They were a powerhouse. They stood by the tools and appliance they sold. Kind of sad. I remember the big catalogs.
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Old 10-15-2018, 07:29 AM   #2
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Re: Sears


I remember the catalogs....when I was a kid, that was indeed the wish book. It was a big deal to go to the Sears and Roebuck store in OKC.

I wonder what will happen to the Sears "Hometown" stores?

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Old 10-15-2018, 07:39 AM   #3
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Re: Sears


Christmas and the catalog. Ahhhh.

I remember Spiegel as well
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Old 10-15-2018, 07:40 AM   #4
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Re: Sears


Kind of hate to see them go, have bought a lot of tools from them over the years along with different appliances.
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Old 10-15-2018, 07:46 AM   #5
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Re: Sears


They seemed to do nothing right in recent years, and I would give them chances each and every year. I couldn't even buy boots on impulse because they wouldn't have my size on hand in the boot I wanted (12W or 13W). Pretty basic error. And their hardware selection and "rich" pricing for what they had was laughable.
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Old 10-15-2018, 07:47 AM   #6
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Re: Sears


I have encountered a couple of Sears kit homes as well through the years. Throws a wrench in the remodel.
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Old 10-15-2018, 07:50 AM   #7
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Re: Sears


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I have encountered a couple of Sears kit homes as well through the years. Throws a wrench in the remodel.
How so?
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Old 10-15-2018, 07:57 AM   #8
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Re: Sears


We had a catalog store close to where I grew up. Order what you want from the catalog, go back in a week and pick it up.

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Old 10-15-2018, 08:36 AM   #9
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Re: Sears


The catalogs were awesome when I was a kid. Sit down with a pen and circle all kinds of crap, and then forget what you'd circled so it was truly a surprise when Christmas finally got here.


I have a LOT of Craftsman hand tools. I hope the vendors who have them now continue them, and don't roll them over in to house brands.
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Old 10-15-2018, 08:45 AM   #10
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Re: Sears


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How so?
I forget specifically what but it wasn't your typical construction details you would expect to find. It probably had to do with window framing, rough openings, headers.

Something along those lines like I said I never forgot something unique about it but don't remember what it was.
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Old 10-15-2018, 09:17 AM   #11
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Re: Sears


Goodbye , Sears and Roebuck, at last your suffering is over
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Old 10-15-2018, 12:06 PM   #12
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Re: Sears


Amazon took the catalog model into the internet age
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Old 10-15-2018, 01:22 PM   #13
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Re: Sears


It was the best of both worlds... combination of tools and the "Victoria's Secret" catalog before there was a Victoria's Secret...
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Old 10-15-2018, 02:25 PM   #14
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Re: Sears


This was not an accident.

Sears was the victim of venture capitalists. Same as Toys R Us and many others.

Their failure was by design to make an obscene amount of money for a small few.

Eddie Lampert is the corporate Grim Reaper. If he goes near your place of business, sell everything. You're about to be left a desiccated husk.
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Old 10-15-2018, 02:33 PM   #15
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Re: Sears


Quote:
Originally Posted by Easy Gibson View Post
This was not an accident.

Sears was the victim of venture capitalists. Same as Toys R Us and many others.

Their failure was by design to make an obscene amount of money for a small few.

Eddie Lampert is the corporate Grim Reaper. If he goes near your place of business, sell everything. You're about to be left a desiccated husk.
Hedge Fund Hyena.....Pump and Dump
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Old 10-15-2018, 02:43 PM   #16
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Re: Sears


Quote:
Originally Posted by Tom M View Post
I have encountered a couple of Sears kit homes as well through the years. Throws a wrench in the remodel.
Quote:
Originally Posted by MarkJames View Post
How so?
One example comes to mind: the interior walls were 2x3.
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Old 10-15-2018, 08:15 PM   #17
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Re: Sears


Quote:
Originally Posted by Easy Gibson View Post
This was not an accident.

Sears was the victim of venture capitalists. Same as Toys R Us and many others.

Their failure was by design to make an obscene amount of money for a small few.

Eddie Lampert is the corporate Grim Reaper. If he goes near your place of business, sell everything. You're about to be left a desiccated husk.
He sold off the Kenmore division to a separate company he created.
Sears also owned their buildings instead of the normal lease in retail.
He sold off the real estate to another company he created and then charged Sears rent for what had been their own stores.
Did work a few weeks ago for a retired Sears employee who was none too happy with Lampert.
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Old 10-15-2018, 08:22 PM   #18
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Re: Sears


Quote:
Originally Posted by Easy Gibson View Post
This was not an accident.

Sears was the victim of venture capitalists. Same as Toys R Us and many others.

Their failure was by design to make an obscene amount of money for a small few.

Eddie Lampert is the corporate Grim Reaper. If he goes near your place of business, sell everything. You're about to be left a desiccated husk.
My customer today who was a financial guy ( had a seat on the stock exchange ) was trying to explain it to me. Basically the problems started when they ran into trouble when they bought Kmart, outride investors swooped in thinking they could correct but made it much worse but the made money on some type of fees at the stock switch. Then they sold off the tool, appliance and lawn mower divisions which they owned outright, after they were sold off they had to then purchase the items back so they could sell them. They collected the sale money and had to pay the new investors which left them in a bigger hole.

All their items were contracted to be made by outside companies according to specs Sears provide, once sold off the companies could do whatever they wanted and quality decreased and Sears still needed products to sell and was forced to sell items that they did not spec out at inflated pricing.

they went for the quick short term dollar without one car about the long term
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Old 10-15-2018, 08:32 PM   #19
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Re: Sears


They had the stores, the supply chains, and the brand to straight up become Amazon.

Shame nobody had the vision to keep them around. There was a time where Sears was the only store I shopped in.
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Old 10-15-2018, 08:47 PM   #20
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Re: Sears


There was a time when you could buy everything from garage doors to insurance at sears

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