Sears Closing 150 Stores ; Cutting 6200 Jobs and Selling Craftsman for 900 million to Survive

[Magnatomicflux]

I broke my 1/2 adaptor. Can I still bring it back to Sears for exchange? lol

[fedguy2]

Originally Posted by vision33r

Close it down already, I'm tired of walking into a fleamarket.

Exactly. The failed to adapt to the internet age and Amazon won the spoils of war.

Where will I go to buy pleated pants from 1992 if Sears closes?!

Sears can't really compete with Home Depot or Lowes for appliances and tools. Their clothing selection looks like some leftover relic from the early to mid 90s. Why would anyone shop there?

Originally Posted by proud Snowflake

I think Target is next. Their stores don't have enough traffic and they sell a lot of overpriced garbage.

Wal-Mart was has a more stable model. They are better at selling products people actually wAnt and the cheap products they sell are not overpriced. They are hurting a little bit though

Americans don't like those oversized stores anymore. Shopping used to be more fun before cable and the internet. People now want to get their products and leave the stores.

Where are these Target stores that are lacking in traffic?

Target seems to generally be doing pretty well. Same store sales suffer the occasional decline but overall the trend is positive with same-store sales going up by 1-2% per quarter.

Target's Same-Store Sales Beat Expectations -
https://www.bloomberg.com/news/artic...-decline-chart

They're certainly slammed every time I go to one.

[Magnatomicflux]

Target sucks. At least the ones they opened in Canada did. Good reason they opened in March 2013, filed for bankruptcy and folded all their stores by April 2015.

[whogo]

I actually find Sears prices are not quite competitive and so are there mattresses. It seems like they should shrink to more of a Conn's type merchandise line.

[Dane_in_LA]

Originally Posted by madison999

Sears is just a vehicle for lampert to steal investor money.

And to try out his Randian philosophy as a company management tool. (Didn't work, duh.)

It's a textbook example of someone playing the expectations market (appealing to investors) and not the real market (providing customer value). Lampert notoriously doesn't give a hoot about selling stuff to people - there's a reason the stores look like crap. He is extracting value from Sears - slowly and deliberately - for as long as he can, and will drop the withered husk when he's done.

Looks like reality is setting in a bit sooner than he's planned for, though.

[middle-aged mom]

Originally Posted by Finn_Jarber

Must the the Trump induced optimism

There was no shortage of blaming Obama for the decline in brick and mortar retailing.

Now it's Trump's turn.

Reality is that it has nothing to do with who is sitting the oval but that has never stopped posters from blaming.