Author Topic: Sad Bastard Sears  (Read 5604 times)

pecunia

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Re: Sad Bastard Sears
« Reply #50 on: September 18, 2018, 07:53:29 PM »
Odd that companies can't survive by treating their long term employees right.

Odd that companies thrive by importing stuff from countries with near slave labor and paying their own employees less than survival pay.  Odd that the US government is more than happy to pick up the tab for these underpaid employees subsidizing said company

Some things just ain't right.

electriceagle

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Re: Sad Bastard Sears
« Reply #51 on: September 21, 2018, 05:48:04 AM »
I stopped trying to make sense of it.



https://finance.yahoo.com/news/inside-sears-death-spiral-billionaire-134128865.html


I do miss the price/quality point of Craftsman tools, though.

I'm a fairly smart guy and I can't pick my way through this absurdity. Is this a complicated way of saying that Sears is paying all of its money out to these other companies and leaving the stock/bond holders holding the bag?

The last time I walked into a K-mart (same company as Sears), it felt like nobody knew why they were there. Maybe this is why.

EricL

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Re: Sad Bastard Sears
« Reply #52 on: September 22, 2018, 10:50:56 PM »
I stopped trying to make sense of it.



https://finance.yahoo.com/news/inside-sears-death-spiral-billionaire-134128865.html


I do miss the price/quality point of Craftsman tools, though.

I'm a fairly smart guy and I can't pick my way through this absurdity. Is this a complicated way of saying that Sears is paying all of its money out to these other companies and leaving the stock/bond holders holding the bag?

The last time I walked into a K-mart (same company as Sears), it felt like nobody knew why they were there. Maybe this is why.

At this point what kind of sad clueless fuck owns Sears stocks or bonds?   There’s penny stocks I’d buy before metaphorically hitting my nuts with a hammer doing that.  I can only imagine some ‘bot leveraging it for some arcane tax advantage or a person tight with the vampire CEO who’s got an angle.

pecunia

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Re: Sad Bastard Sears
« Reply #53 on: September 23, 2018, 11:34:56 AM »
Picture looks kind of like a circulatory system witha big bloodsucker in the middle.  Some of these big money people create nothing good, but only destroy what others have built.

accolay

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Re: Sad Bastard Sears
« Reply #54 on: September 23, 2018, 11:44:07 AM »
My question about the CEO is, how does one grow to be such a giant piece of shit?

Debts_of_Despair

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Re: Sad Bastard Sears
« Reply #55 on: September 25, 2018, 10:09:22 AM »
We are down to just one store in my metropolitan area.  I haven't had a reason to go there in at least two years, other than rummaging through the tools in hopes of finding some NOS USA made stuff.

sequoia

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Re: Sad Bastard Sears
« Reply #56 on: September 25, 2018, 01:48:25 PM »
After visiting I'm wondering how a sales giant screwed themselves. From visiting it seems like it's because nobody from the top down, from the CEO to the Janitor, gives a fuck.

I believe the CEO gives a f*** thus personally makes a tons of money while everyone is drowning.

lemanfan

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Re: Sad Bastard Sears
« Reply #57 on: September 25, 2018, 01:59:10 PM »
Kind of weird that Sears pioneered mail order shopping and now they have no chance of competing with Amazon, etc.

Sometimes what you see is not the real difference.  Like how the growth of Walmart was not really due to running each store better, but the run the "system of stores" in a more efficient way than others, using at the time modern technology in and the proximity of stores to eachother to its advantage.

The interwebs with it's volumes is something else.  Amazon and Alibaba are really really different beasts than previous retailers.

accolay

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Re: Sad Bastard Sears
« Reply #58 on: September 25, 2018, 05:49:31 PM »
After visiting I'm wondering how a sales giant screwed themselves. From visiting it seems like it's because nobody from the top down, from the CEO to the Janitor, gives a fuck.

I believe the CEO gives a f*** thus personally makes a tons of money while everyone is drowning.

I don't think it matters if he cares or not. He makes money if Sears closes or stays open. See the diagrams above.

Roadrunner53

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Re: Sad Bastard Sears
« Reply #59 on: September 26, 2018, 12:13:25 PM »
I have not been a fan of sears for a long time but I just had the most wonderful experience! My upright freezer broke down Sunday afternoon. We made sure we didn't open it from that point on. The freezer was extremely full. We were very concerned we were going to lose around $800 worth of stuff. So, on Sunday I called Home Depot to see if they had an upright freezer in stock. NOPE, they could order one and maybe in 3 days I could get it. So now I waited till Monday to call some local appliance stores. I called 3 stores. One had a smaller unit which I knew I would hate and would be inadequate. No one had anything else in stock and same old story, 3 days. I also asked every place if they had a rental unit to get us by till we got a new one. NOPE! I looked on Craigslist to see if someone was selling an old freezer for maybe $100. NOPE! So, I happened to look on line at Sears. It said one day delivery! OMG! I found a unit that was basically equivalent to what I had. We were very skeptical of this actually happening. If you all are like us, sounds good but something usually screws up. I was told the window of delivery was 1:45 to 3:45 pm yesterday (Tuesday). So at 1 pm we started unloading the frozen stuff from the freezer and it was still frozen into coolers with ice. We had been working on it for only 20 minutes and I heard a truck in our driveway! They were early by 25 minutes! We took out the last few things and within minutes they were wheeling the unit into the garage. They set it up and that was it! We transferred the food back in after about 45 minutes giving it time to chill down a little.

So, please give Sears a chance! This freezer was delivered about 27 hours after ordering it! It did cost $29 for this overnight thing but no other delivery charges. We also got some other discounts due to a sale I guess.

This freezer is HUGE (20.5 cu ft), not a little cube type freezer. I asked each place that didn't have an upright freezer in stock if they had any suggestions what I could do and they all said no. Not one of them suggested Sears.

Johnez

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Re: Sad Bastard Sears
« Reply #60 on: September 26, 2018, 12:45:04 PM »
I have found d Sears service to be excellent, so much so I'd consider getting all my appliances from them regardless of price if I didn't know they were going bankrupt.

Pigeon

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Re: Sad Bastard Sears
« Reply #61 on: September 26, 2018, 12:46:39 PM »
The one thing I like about Sears is that they sell Land's End clothing, which is well-made for the price point. And they accept returns from online Land's End purchases. I won't miss anything else.

Land's End used to be great, but the quality has been squeezed right out of it.  I have a couple of exactly the same style dress ordered a few years apart.  The old ones still look fabulous.  The new one is horrible.  The fabric is cheap, the zipper is crooked and the seam are falling apart.

A few years ago, Sears had a great deal on shoes.  I ordered 4 pairs in my size, 8.5W.  The box arrived and contained a 5M, 7N and two size 10M pairs.  It was like somebody just grabbed random shoes off the shelf and tossed them in a box.  I took them back to the physical store to return them.  It took two hours because nobody could figure out how to do it.

accolay

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Re: Sad Bastard Sears
« Reply #62 on: September 26, 2018, 02:51:09 PM »
So, please give Sears a chance! This freezer was delivered about 27 hours after ordering it! It did cost $29 for this overnight thing but no other delivery charges. We also got some other discounts due to a sale I guess.

It's only individual employees who work there that are doing the job for you. It's the CEO and the board who are bringing the company down.

I personally have no loyalty when it comes to big business. They're all basically the same.

pecunia

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Re: Sad Bastard Sears
« Reply #63 on: September 28, 2018, 03:57:47 PM »
accolay:

"I personally have no loyalty when it comes to big business. They're all basically the same."

I am not sure if that is true.  It seems to me that there must be some small business growing somewhere.  This business would retain the vision of the original owners.  Professional managers (MBAs) would not yet have taken over the business.  It is run by the folks who worked with the original owner to build it up.  These are people who still care about providing a service for the customer.  They arre not just turning time into money.

The second generation with the silver spoons in their mouths will hire the professional managers to run it like all the other big businesses.

ice_beard

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Re: Sad Bastard Sears
« Reply #64 on: October 02, 2018, 10:01:41 PM »
My Grandma would get me a sweater at Sears every year at Christmas (1980s).  My parents definitely had a Sears Card.  The stores were certainly a staple in many communities. 

I agree that their website is abysmal.  I was looking for upright compact freezers a few weeks ago and the website was not a good experience.   
How is the CEOs situation even remotely legal? 

Just Joe

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Re: Sad Bastard Sears
« Reply #65 on: October 19, 2018, 08:43:41 AM »
Yes, I am in CT and a friend of ours was talking about Sear's houses. Seems you would pick a house plan and price and they would send all the building materials you needed to build the house. There is some way to identify if a house is a Sears House but I forgot what he told us.

Here is a link: http://www.searsarchives.com/homes/1933-1940.htm

You can still do a version of this today: https://www.84lumber.com/projects-plans/

You can buy the plans or the plans and the materials.



Our local Sears and Kmart were pretty good right to the end. The stores were kept up and clean. DW and I bought all the mattresses at our house at Sears, our fridge, our dishwasher, our washer and dryer, our 42" LCD TV, some of my tools, a lawn mower, and a kitchen table. All those items have preformed well and we are picky value shoppers so the price/quality were good compared to what was available in our area. We used to have a Sears card as did the rest of our extended family.

The Kmart store seemed to frequently shoot itself in the foot as if it wanted to go out of business. When WalMart opened a super store here twenty years ago in a growing town and KMart hardly reacted. WalMart was so successful here that they built a second store and then a third store about 20 minutes away. And two more about 30 minutes away.

KMart kept toddling along when they should have remodeled the store, upped the quality of their inventory or built a "Super KMart". They lacked the efficiency and vision that WalMart has year after year.

They did keep the store clean but it was sort of like visiting the late 1980s. Not necessarily a bad thing. We shopped there alot to avoid the WalMart crowds and the WalMart shopping list creep. I need detergent, I only buy detergent.

I wholly blame upper management. They were late to internet sales. Meanwhile Walmart and Amazon among others ate KMart's lunch. KMart should have been catering to both the Dollar Store customer AND the customer who wants a bit of style and quality. I would have never bought any of their unknown brand merchandise. Who made that appliance or that TV? Why is this thing labeled with a long dead brand? Clearly made some in some far away factory and branded with a sticker promising no hope of support after the purchase.

The websites of Sears and KMart were last I looked very much riddled with third party sellers with hugely overpriced goods. I bought a small saw for my garage on clearance from another store for $150. I could buy more or less the same Chinese saw from Harbor Freight for $200. The Sears site had the same Chinese saw for $500 and up. It doesn't matter if it comes from a third party seller, some regular person who doesn't know how to get the most out of the website will see the $500 saw and decide that Sears is too expensive and move on even though it is from a third party seller. Sears/Kmart needs to rein in the third party prices. If there is some reason the saw is more than 20% more than what we all know they sell for at other retailers then it ought to be filtered out and the customer never sees it. 
« Last Edit: October 19, 2018, 10:08:36 AM by Just Joe »

pecunia

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Re: Sad Bastard Sears
« Reply #66 on: October 19, 2018, 03:44:37 PM »
Sears was such a big name for so long.  I wonder if it will resurface when the present owner has milked the cow until the udderr is completely dry.

Johnez

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Re: Sad Bastard Sears
« Reply #67 on: October 21, 2018, 12:20:01 AM »
Would be interesting if Sears got their shit together and offered those kit houses again. What better time? There's an affordability and availability issue here in California, there's this tiny house craze, and we have mustachianism going mainstream.

What gets me is that Sears had everything going for it at one time. Even now, you walk in and there are great brands. Go to Walmart and see if you can walk out with decent tools or clothing, you cannot. Walmart, Target, Amazon, did not eat Sears lunch-Home Depot did. Sears has better clothing and tools, a huge selection of appliances, even mattresses. It takes leadership asleep at the wheel to squander all their advantages. I will be bummed to see Sears go down. They have a decent regular guy clothes section that has basically everything I need. I wish Sears would buy Craftsman back,scale back their stores a bit and eliminate categories (I'm guessing a good place to start with floor space might be furniture and mattresses), and rebrand as a premium retailer. I hate Walmart, Target, and would like an alternative to Home Depot and Lowe's for tools...

marty998

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Re: Sad Bastard Sears
« Reply #68 on: October 21, 2018, 06:12:54 AM »
I stopped trying to make sense of it.



https://finance.yahoo.com/news/inside-sears-death-spiral-billionaire-134128865.html


I do miss the price/quality point of Craftsman tools, though.

I'm a fairly smart guy and I can't pick my way through this absurdity. Is this a complicated way of saying that Sears is paying all of its money out to these other companies and leaving the stock/bond holders holding the bag?

The last time I walked into a K-mart (same company as Sears), it felt like nobody knew why they were there. Maybe this is why.

Yes. There is a general failure of governance here in that the other directors of Sears are not protecting the interests of minority shareholders.

Could all be legal under your laws, but this whole setup is designed to funnel cash to Mr Lampert.

Roadrunner53

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Re: Sad Bastard Sears
« Reply #69 on: October 21, 2018, 07:42:29 AM »

Poundwise

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Re: Sad Bastard Sears
« Reply #70 on: October 23, 2018, 10:29:53 PM »
The one thing I like about Sears is that they sell Land's End clothing, which is well-made for the price point. And they accept returns from online Land's End purchases. I won't miss anything else.

Yes, I shop there pretty frequently for that purpose. And I'm pretty happy with the garage door opener and some other tools that I got there. I'll miss them.

Unique User

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Re: Sad Bastard Sears
« Reply #71 on: October 24, 2018, 07:07:19 AM »
I hadn't purchased anything from Kmart or Sears in years, but have now twice in the last month.  We needed a new grill, but DH refused to pay full price since we only need one for two years.  We did the rounds early September looking for clearance grills, but no one except Kmart had any and they were marked 30% off.  Late September we did the rounds again and Kmart had the same grill marked 50% off.  All the other stores still had their grills full price.  Then it rang up at 70% off and they were running a promotion that if you spent more than $50, you got $50 worth of points to spend later.  So our $80 grill netted us $50 in points which we spent on tp, laundry detergent, etc.  Then this weekend DH needed new shirts for a conference. Since we're close to FIRE, he refused to get nice shirts that would last a long time.  We walked into Sears just to see and found shirts there.  They are running a promotion buy $40 in clothing, get $40 in points.  Our $50 purchase netted $40 in points that I'll spend on more necessities.  TL,DR - how the heck can they continue to give stuff away.  I can't figure out the end game for these promos unless it's just to raise cash and hope that people don't use the points?

sequoia

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Re: Sad Bastard Sears
« Reply #72 on: October 29, 2018, 01:56:28 AM »
I hadn't purchased anything from Kmart or Sears in years, but have now twice in the last month.  We needed a new grill, but DH refused to pay full price since we only need one for two years.  We did the rounds early September looking for clearance grills, but no one except Kmart had any and they were marked 30% off.  Late September we did the rounds again and Kmart had the same grill marked 50% off.  All the other stores still had their grills full price.  Then it rang up at 70% off and they were running a promotion that if you spent more than $50, you got $50 worth of points to spend later.  So our $80 grill netted us $50 in points which we spent on tp, laundry detergent, etc.  Then this weekend DH needed new shirts for a conference. Since we're close to FIRE, he refused to get nice shirts that would last a long time.  We walked into Sears just to see and found shirts there.  They are running a promotion buy $40 in clothing, get $40 in points.  Our $50 purchase netted $40 in points that I'll spend on more necessities.  TL,DR - how the heck can they continue to give stuff away.  I can't figure out the end game for these promos unless it's just to raise cash and hope that people don't use the points?

Yep... just like items that are free after rebate. Most people do not bother to claim the rebate, same thing here...

partgypsy

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Re: Sad Bastard Sears
« Reply #73 on: October 29, 2018, 09:03:15 AM »
I will be sad when our local Sears closes down. It is only a 5 minute drive and so convenient if I had to, like I did the other day, need to get a pair of shoes or some item of clothing for my kids. At least our local Sears is decently run (though there is always a line to check out, as they have limited registers open.

We walked around the mall and had lunch there, even rode the mall's carousel, but its days are numbered. The mall was bought less than a year ago. Whoever bought it also bought the mall's debts. And has called in the debt, which of course the mall cannot pay (30 million dollars?). It is too bad, because the mall was being creative in bringing in people, having a number of local community things happening there plus a branch of the library, and a food truck rodeo once a month.

It is the same situation. The investor will make money whether the mall opens or closes. In fact due it's location, would probably be made over to be a mix of residential and big box stores.

accolay

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Re: Sad Bastard Sears
« Reply #74 on: October 29, 2018, 05:08:41 PM »
I think if this is how it goes, then the demise will be quicker than expected maybe?

https://www.mprnews.org/story/2018/10/27/sears-suppliers-haunted-by-ghost-of-toys-r-us

adamsputnik

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Re: Sad Bastard Sears
« Reply #75 on: November 03, 2018, 09:03:37 PM »
Would be interesting if Sears got their shit together and offered those kit houses again. What better time? There's an affordability and availability issue here in California, there's this tiny house craze, and we have mustachianism going mainstream.

What gets me is that Sears had everything going for it at one time. Even now, you walk in and there are great brands. Go to Walmart and see if you can walk out with decent tools or clothing, you cannot. Walmart, Target, Amazon, did not eat Sears lunch-Home Depot did. Sears has better clothing and tools, a huge selection of appliances, even mattresses. It takes leadership asleep at the wheel to squander all their advantages. I will be bummed to see Sears go down. They have a decent regular guy clothes section that has basically everything I need. I wish Sears would buy Craftsman back,scale back their stores a bit and eliminate categories (I'm guessing a good place to start with floor space might be furniture and mattresses), and rebrand as a premium retailer. I hate Walmart, Target, and would like an alternative to Home Depot and Lowe's for tools...

If you have a Rockler nearby, it might be worth checking out for tools. Home Depot and Lowes generally sell rubbish.