Thread: Sears is going out of business.

  • avatar
    • 3 years 6 months ago
    • Posts: 162
    Well, As you may not know, Sears is going out of business, This effects Sears in USA, as well as Canada, Mexico, and other North American countries.
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  • avatar
    • 3 years 6 months ago
    • Posts: 492
    Dude. Do you ever have good news to post? All you ever talk about is what's closing and who died.
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  • avatar
    • 3 years 6 months ago
    • Posts: 683
    Sears is going out of business

    Sears isn't going out of business yet, but they are radically reducing their operational footprint. The Chairman/CEO of Sears Holdings Corporation recently loaned 100 million dollars from his ESL Investments hedge fund to Sears Holdings Corporation to assure suppliers that Sears (and Kmart) would be able to cover the cost of inventory and operations through the holiday season.

    I'm not sure what the board and CEO's goal is for Sears Holdings Corporation. At this point there is no chance to compete with Amazon.com, Home Depot, Kohl's, Target, Walmart, etc.
    In less than two years, I foresee Sears Holdings Corporation being drastically different from its current form, either specialized, nominally existent (with a purpose outside the scope of retail), or non-existent.

    Specialized
    • Colocation center - former free-standing Sears and Kmart locations converted into colocation centers. A colocation center is a data center divided into cages or suites with each cage or suite dedicated to a customer requiring computing resources. This was an idea thrown around few years back for Sears' locations facing end-of-life. Thousands of former Sears and Kmart employees will be unemployed with little-to-no notice (probably no-severance either).
    • Niche retail - With a smaller footprint, Sears focuses on the sale of only one category of items. Not sure what that category would be though. Thousands of former Sears and Kmart employees will be unemployed with little-to-no notice (probably no severance either).
    • Niche service - With a smaller footprint, Sears focuses on providing a specific service or set of services Not sure what the service(s) would be though. Thousands of former Sears and Kmart employees will be unemployed with little-to-no notice (probably no severance either).


    Nominal existence
    • Real estate assets - Sears Holdings Corporation becomes strictly a holding company for the real estate assets of former Sears and Kmart stores--I feel this is most likely, and already be the unspoken plan by the board and CEO of Sears Holdings Corporation. Thousands of former Sears and Kmart employees will be unemployed with little-to-no notice (probably no severance either).


    Non-existence
    Self-explanatory: liquidate inventory, close anchor stores, write off losses, raze free-standing stores, expedite sale of real estate assets, dissolve company, thousands of former Sears and Kmart employees unemployed with little-to-no notice (probably no severance either), the board and C-level employees depart with multi-million dollar golden parachutes as a reward for running a profitable retail company into the ground over the course of 20 years.
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  • avatar
    • 3 years 6 months ago
    • Posts: 10350
    Ours is already gone.
    https://www.youtube.com/watch?v=WpmILPAcRQo

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  • avatar
    • 3 years 6 months ago
    • Posts: 747
    Man, another little part of my childhood disappearing. I used to spend many hours in that store with my family, especially around summertime when we'd go on annual trips and needed new vacation clothes. It always never seemed to quite be all that modern, I viewed it as a bit of a 70's/80's timewarp in its layout and design, but to me that was part of its charm because I loved old-school stores like that. I shopped there just as frequently, nearly, as Montgomery Ward's, another retail giant that fell by the wayside. Sorry to hear this news, but I guess it was inevitable.
    "Ease on down, Ease on down the road
    come on, Ease on down, Ease on down the road
    don't you carry nothing that might be a load come on, Ease on down Ease on down, down the road"


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  • avatar
    • 3 years 6 months ago
    • Posts: 4632


    What will the Brady's do?!?
  • avatar
    • 3 years 6 months ago
    • Posts: 747
    Quote by bassman21


    What will the Brady's do?!?


    I love that movie, LOL.
    "Ease on down, Ease on down the road
    come on, Ease on down, Ease on down the road
    don't you carry nothing that might be a load come on, Ease on down Ease on down, down the road"


    --The Wiz
  • avatar
    • 3 years 6 months ago
    • Posts: 10350
    Quote by bassman21


    What will the Brady's do?!?


    That movie had everything.
    https://www.youtube.com/watch?v=WpmILPAcRQo

    Come have the time of YOUR life with me and the gang at Retro-daze.org.
  • avatar
    • 3 years 6 months ago
    • Posts: 30
    These stores just bring it on themselves. Not growing and developing with the changing times. Lets take Toys R Us for example. Hugely over pricing their inventory even though they shouldnt have to, I mena, who else has a store called TOYS.

    And then, Blockbuster. they had a chance to destroy the other barmets that were getting into mailed or streamed media, and they took a back seat and let redbox and netflix take that whole segment and now look at them, GONE.

    And now he have SEARS.. and KMART..

    They just never learn.
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