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Old 12-31-2011, 06:09 PM
 
Location: I live south of San Antonio in a place called Atascosa.
854 posts, read 2,070,189 times
Reputation: 511

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I read about Sears having financial problems but it didn't hit home until today when I needed parts for my chainsaw. I am evaluating my arsenal for spring and I have a lot of Craftsman stuff. I used to get parts there for my ALLSTATE CRUSAIRE when I was a kid with a paper route. I know Sears is based in Dallas but it was very important to San Antonio too! I used to go to the warehouse by the railroad yards.

Last edited by BstYet2Be; 12-31-2011 at 08:33 PM.. Reason: Edited title to keep it local to SA
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Old 12-31-2011, 06:23 PM
 
Location: SA/Pipe Creek
2,790 posts, read 5,168,693 times
Reputation: 1590
Bankruptcy doesn't necessarily mean it's lights out. There are plenty of businesses that have used bankruptcy with organizational restructuring to come out ahead of the competition. In the short run it hurts net value of shares, but the payoff for shareholders in the long term can be lucrative if everything is done right.
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Old 12-31-2011, 07:09 PM
 
Location: San Antonio. Tx 78209
2,651 posts, read 6,505,235 times
Reputation: 1735
Sears is based in Hoffman estates Illinois not Dallas. The majority owner Eddie lampert is killing the company on purpose, slowly selling off chunks like craftsman and real estate.
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Old 12-31-2011, 07:48 PM
 
Location: San Antonio, TX, USA
5,142 posts, read 11,443,969 times
Reputation: 2505
Looks like no stores in San Antonio will be closed but another announcement will be made soon about additional stores closing. I do like Sears for their appliance sales.
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Old 01-01-2012, 09:18 AM
 
147 posts, read 267,464 times
Reputation: 108
No stores are closing in the state of Texas. But I miss having a K-mart here in SA and Monkey Wards, Mervyns, Linen and Things and... Some day we will just have one store to shop for everything. What am I saying, we are pretty close to that now.
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Old 01-01-2012, 05:53 PM
 
2,355 posts, read 5,404,226 times
Reputation: 631
I went to Sears at Central Park and wow walked right out, it just looked depressing. Clothes thrown everywhere and just no people there, I wonder if it survives.
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Old 01-01-2012, 05:55 PM
 
Location: United State of Texas
1,708 posts, read 5,435,778 times
Reputation: 2101
According to the published list no stores in Texas are closing - yet. It's a wonder Sears is still alive at all. They are horribly managed and their staff is anything BUT helpful. I grew tired of going to Sears in Rolling Oaks... only to find that they never had anything I went there to buy, so I stopped going. They can go bankrupt as far as I care.
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Old 01-01-2012, 06:10 PM
 
Location: Universal City, Texas
3,109 posts, read 8,695,237 times
Reputation: 1785
Back in 1999, I worked for Sears in Fairview Heights, IL on the remodeling staff. As soon as we finished the remodeling job a new supervisor from Chicago came in and had the store remodeled again. That's the waste at Sears. In 1968 I was a manager trainee for J.J. Newberry Dept. Store in Houston and back then Sears was king of the world. Wolly World has changed everything!
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Old 01-01-2012, 06:27 PM
 
Location: SA/Pipe Creek
2,790 posts, read 5,168,693 times
Reputation: 1590
Quote:
Originally Posted by brenty13 View Post
No stores are closing in the state of Texas. But I miss having a K-mart here in SA and Monkey Wards, Mervyns, Linen and Things and... Some day we will just have one store to shop for everything. What am I saying, we are pretty close to that now.
Yes, and it's name is Amazon!
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Old 01-02-2012, 08:40 AM
 
Location: East Terrell Hills
1,158 posts, read 1,374,949 times
Reputation: 1224
Quote:
Originally Posted by HillCountryHotRodMan View Post
Yes, and it's name is Amazon!
I guess some things never change. Sears pioneered mail order shopping with their catalogs. The only difference these days is the calalogs are online. Looks like Sears was ahead of the times.
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