Author Topic: Sad Bastard Sears  (Read 4210 times)

accolay

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Re: Sad Bastard Sears
« Reply #50 on: September 14, 2018, 07:03:43 PM »
Turns out we were all so wrong about why Sears is failing. It's actually because of all of its retirees and their pensons. Thanks for explaining that for us Eddie.

https://money.cnn.com/2018/09/14/news/companies/sears-pension-retirees/index.html

pecunia

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Re: Sad Bastard Sears
« Reply #51 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 #52 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 #53 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 #54 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 #55 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 #56 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 #57 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 #58 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 #59 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 #60 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 #61 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 #62 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 #63 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 #64 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 #65 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?