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Non-Road Boards => Off-Topic => Topic started by: Brandon on January 12, 2018, 03:55:18 PM

Title: Sears-Kmart Death Watch
Post by: Brandon on January 12, 2018, 03:55:18 PM
A quick poll based on the events we've been watching regarding Sears Holdings with both Sears and Kmart.

(Mods, if you see fit, you can merge this with the Kmart closings thread.)
Title: Re: Sears-Kmart Death Watch
Post by: kphoger on January 12, 2018, 03:59:47 PM
5 years.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on January 12, 2018, 04:05:02 PM
Voted for two; ole Slick Eddie will keep finding a way to bleed the company for every last penny.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on January 12, 2018, 04:19:40 PM
Fort Smith will be closing later this month (the auto center closed in December).

IF they survive 2018, they may be around for a more couple years albeit in a greatly reduced state.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on January 12, 2018, 04:24:59 PM
They were predicted to disappear in 2016 and 2017, so I'm predicting they'll stay around forever.
Title: Re: Sears-Kmart Death Watch
Post by: cjk374 on January 12, 2018, 09:40:07 PM
They will be like cockroaches...nothing will kill them.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on January 12, 2018, 09:54:07 PM
Here’s a legitimate question what happens to the Dealer stores just operating on their own dime and paying to use the Sears franchise name?   Do those stores get to linger on kind of how Blockbuster Video has? 
Title: Re: Sears-Kmart Death Watch
Post by: Thing 342 on January 12, 2018, 10:57:32 PM
Sears never had a huge presence in Hampton Roads, the only ones I can remember are one in Greenbrier Mall (may have already closed), a Sears Auto in Newport News that closed years ago, and a 2-story location still inexplicably living out of the husk of the former Newmarket Fair Mall in Hampton.
As for KMart, he Big Kmart in Denbigh finally gave up the ghost in '13 or '14, as did the one in Hampton in 2016. The Super Kmart in Tabb was shrunken down to a "standard" size in ~2015 to make room for an expanded Kroger, leaving just three locations in the Tidewater (One in Williamsburg, the aforementioned Tabb location, and one in Greenbrier).

I can't imagine them lasting as an independent company much longer than 5 years or so, though I could see a few hangers-on locations survive longer than that as subsidies.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on January 13, 2018, 12:20:09 AM
Here’s a legitimate question what happens to the Dealer stores just operating on their own dime and paying to use the Sears franchise name?   Do those stores get to linger on kind of how Blockbuster Video has? 

One of the local Radio Shack stores changed their name when RS went down the first time. They actually expanded their inventory since they were then free to buy from other suppliers. Having established themselves over 30 years ago, they promoted themselves as "same family/different name".

Same has happened with some former HWI stores.
Title: Re: Sears-Kmart Death Watch
Post by: Hurricane Rex on January 13, 2018, 02:03:26 AM
5 years maybe slightly longer. They've been on a long decline for a while.
Title: Re: Sears-Kmart Death Watch
Post by: Takumi on January 13, 2018, 12:00:50 PM
My guess is the last Kmart will be the one in Kill Devil Hills, NC. Supposedly it’s the busiest one in the entire chain.
Title: Re: Sears-Kmart Death Watch
Post by: roadman65 on January 13, 2018, 07:41:56 PM
I think Kmart will close the rest of their stores by 2020 and Sears Auto Center by 2021 and then Sears itself by 2023.
Title: Re: Sears-Kmart Death Watch
Post by: Revive 755 on January 13, 2018, 08:23:12 PM
I'll guess a little over a year, with both closing after a bad 2018 Christmas season.
Title: Re: Sears-Kmart Death Watch
Post by: kkt on January 13, 2018, 09:13:02 PM
I said one year, because at the rate they've been closing, they won't make two years.  And they'll try to make it through the Christmas season.

Title: Re: Sears-Kmart Death Watch
Post by: ftballfan on January 13, 2018, 09:16:32 PM
I saw that Sears same store sales (eliminating closing stores) was down 15% over this Christmas compared to last Christmas
Title: Re: Sears-Kmart Death Watch
Post by: RobbieL2415 on January 13, 2018, 10:25:42 PM
Disclaimer: I've worked almost three years at Kmart in customer service, since July 2015.  So, my post will be somewhat biased.

With that aside, I think Kmart's business model is more sustainable than Sears.  Discount chains are still king.  They've been able to diversify their in-store selections.  Both Target and Walmart have added modest grocery sections.  Most of what you can buy at a traditional "department store" as we know it, can be bought at other stores, whether specialized or not.  Anything I can buy at Sears I can buy at Target, Walmart, Lowes or Home Depot or Best Buy.  Hell, I'd even say a majority of merchandise on the salesfloor at Sears is on the salesfloor at Kmart.  That right there is the company's biggest problem; Sears is dragging Kmart's business down.  Sears is a dinosaur of the retail industry and it's business models is failing in the "I want it now and cheap" era of consumerism.  That's not to say they haven't tried.  They've implemented in-store pickup (which at my store is heavily utilized) and a rewards program with actually saves customers' money.  Plus, a lot of customers I talk to say they prefer our store's smaller footprint compared to Walmart and Target.  But here's the other problem, everything Sears Holdings does, they do it after everyone else has already done it.  They've fallen behind the times and failed to keep up with consumer trends.  But I reiterate: this is NOT without trying.  Sears Holdings is still a company.  It exists to make money.  Corporate is doing everything it can to make money.  They're closing underperforming stores so they can better focus their business, not because they've given up.  Wait for a Chapter 7 bankruptcy filing before saying that.
Title: Re: Sears-Kmart Death Watch
Post by: Hurricane Rex on January 14, 2018, 01:21:49 AM
Just went into a sears today at Washington Square mall: Maybe 10 customers. 20+ staff members. Macy's in comparison: Hundreds if not thousands of customers.
Title: Re: Sears-Kmart Death Watch
Post by: ghYHZ on January 14, 2018, 05:56:30 PM
Although they are different companies......the very last Sears Canada store closed today.
Title: Re: Sears-Kmart Death Watch
Post by: cl94 on January 14, 2018, 06:40:46 PM
Although they are different companies......the very last Sears Canada store closed today.

Yeah, Fast Eddie did off with them first. They've been closing locations for a while.
Title: Re: Sears-Kmart Death Watch
Post by: epzik8 on January 14, 2018, 07:38:59 PM
Sears remains at Harford Mall in Bel Air, Maryland. Kmart was demolished at the turn of the millennium for a sort of food court currently consisting of TGI Fridays, some frozen yogurt place, Firehouse Subs and Noodles & Company. There’s also Mattress Firm and Pier 1 Imports among that row of Tollgate Marketplace. Anyway, yeah, Bel Air lost Kmart and got all that in exchange. I don’t really want Sears to go.
Title: Re: Sears-Kmart Death Watch
Post by: JJBers on January 14, 2018, 08:00:40 PM
I give one more year. Both stores have been rapidly shrinking in Connecticut. Kmart is nearly non-existent in the state right now.
Title: Re: Sears-Kmart Death Watch
Post by: roadman65 on January 14, 2018, 08:33:44 PM
Is the voting closed?  I tried to vote and it said either the poll was locked, or I voted twice.  Considering I only today voted for the first time, it must be locked already.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on January 14, 2018, 09:39:59 PM
Is the voting closed?  I tried to vote and it said either the poll was locked, or I voted twice.  Considering I only today voted for the first time, it must be locked already.

The poll was left open indefinitely, intentionally.  You can edit your response, IIRC.
Title: Re: Sears-Kmart Death Watch
Post by: 1 on January 14, 2018, 09:40:26 PM
Is the voting closed?  I tried to vote and it said either the poll was locked, or I voted twice.  Considering I only today voted for the first time, it must be locked already.

The poll was left open indefinitely, intentionally.  You can edit your response, IIRC.

I can't edit mine.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on January 14, 2018, 09:50:57 PM
Is the voting closed?  I tried to vote and it said either the poll was locked, or I voted twice.  Considering I only today voted for the first time, it must be locked already.

The poll was left open indefinitely, intentionally.  You can edit your response, IIRC.

I can't edit mine.

Neither can I. I can delete the poll or reset the vote counts, but I can't revote
Title: Re: Sears-Kmart Death Watch
Post by: ColossalBlocks on January 14, 2018, 10:07:14 PM
They both act like cockroaches. Easy to kill, but they always come back unless you drop the Tsar bomb on them (and even then they still survive!).
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on January 15, 2018, 06:05:43 AM
Is the voting closed?  I tried to vote and it said either the poll was locked, or I voted twice.  Considering I only today voted for the first time, it must be locked already.

The poll was left open indefinitely, intentionally.  You can edit your response, IIRC.

I can't edit mine.

Neither can I. I can delete the poll or reset the vote counts, but I can't revote

OK, all I can seem to do is to be able to add another response if I want.
Title: Re: Sears-Kmart Death Watch
Post by: dvferyance on January 15, 2018, 11:51:52 AM
I think Kmart will be gone before the end of this year. I am really surprised it hasn't happened already. As far as Sears goes I could see them being around a couple more years. Given it's such an iconic American brand I could see some movement to try to save it somehow. It's really a shame it is a unique brand to other retailers too bad they had to merge with Kmart otherwise I think they would be doing somewhat better.
Title: Re: Sears-Kmart Death Watch
Post by: dvferyance on January 15, 2018, 12:01:21 PM
Sears never had a huge presence in Hampton Roads, the only ones I can remember are one in Greenbrier Mall (may have already closed), a Sears Auto in Newport News that closed years ago, and a 2-story location still inexplicably living out of the husk of the former Newmarket Fair Mall in Hampton.
As for KMart, he Big Kmart in Denbigh finally gave up the ghost in '13 or '14, as did the one in Hampton in 2016. The Super Kmart in Tabb was shrunken down to a "standard" size in ~2015 to make room for an expanded Kroger, leaving just three locations in the Tidewater (One in Williamsburg, the aforementioned Tabb location, and one in Greenbrier).

I can't imagine them lasting as an independent company much longer than 5 years or so, though I could see a few hangers-on locations survive longer than that as subsidies.
There was a Sears at Pembroke Mall on Va Beach Blvd. I remember going there our family used to vacation in Va Beach a lot growing up.
Title: Re: Sears-Kmart Death Watch
Post by: gonealookin on February 08, 2018, 01:30:13 PM
Reno has one mall-sized Sears, at Meadowood Mall a little south of the airport.  It's still open, but looking ahead to the next round of closings, plans have been filed with the city to subdivide the building into three smaller tenant spaces.  Looking at the planning document linked in the article, they aren't just carving out a couple of cubbyholes; all three spaces will be decent-sized.

https://www.rgj.com/story/news/2018/02/07/reno-sears-renovating-into-three-unknown-tenants-according-planning-document/313250002/ (https://www.rgj.com/story/news/2018/02/07/reno-sears-renovating-into-three-unknown-tenants-according-planning-document/313250002/)

The nearest mall-sized Sears from there is in Roseville, CA, about 120 miles.
Title: Re: Sears-Kmart Death Watch
Post by: SectorZ on February 10, 2018, 11:58:36 AM
A Facebook page called "Dead and Dying Retail" has been pointing out that a lot of hardware sections of K-Mart stores located around the country have gone completely barren of all the Craftsman items they used to have. More than a few pics of near-empty aisles.
Title: Re: Sears-Kmart Death Watch
Post by: txstateends on February 10, 2018, 03:36:38 PM
There's only one Sears left in Dallas.  The most recent closing was one in north Dallas (was the oldest left in the metro) the middle of last year, with hardly a whimper much less any calls to save it.  A few remain in the suburbs.  There are (I think) 2 in Fort Worth.  None of them have likely had a renovation in years.

Kmart has been gone from north TX for years.

As long as Eddie thinks of the stores as real estate pawns and less as retailers, it's likely the remains don't have long to live.  I'd hate to guess... 5 years maybe?
Title: Re: Sears-Kmart Death Watch
Post by: jeffandnicole on February 10, 2018, 03:41:42 PM
A Facebook page called "Dead and Dying Retail" has been pointing out that a lot of hardware sections of K-Mart stores located around the country have gone completely barren of all the Craftsman items they used to have. More than a few pics of near-empty aisles.

That may have to do with the fact that Sears sold off the brand. There's no reason for them to stock them anymore.
Title: Re: Sears-Kmart Death Watch
Post by: Life in Paradise on February 11, 2018, 03:28:41 PM
You just have to love the song and dance they put out in the press releases when they report their losses, or report closings.  They say they are working to get the right balance of stores and demand to basically have a successful operation.  I can safely say that after so many years of mismanagement, I know the answer  "0".  They no longer have anything that is special about either of the stores, except their rich history, which is truly history now.  Anything you want to get there, you can just as easily if not easier purchase online or places such as Walmart.  Please, please, please.....someone shoot this animal, it's been thrashing around way too long and it's been painful to watch.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on October 10, 2018, 02:11:33 PM
It's been 9 months since I posted this, and bankruptcy may be declared this very week.
https://www.cnn.com/2018/10/10/business/sears-time-running-out/index.html

I hate my predictions.
Title: Re: Sears-Kmart Death Watch
Post by: mgk920 on October 10, 2018, 03:25:18 PM
It's been 9 months since I posted this, and bankruptcy may be declared this very week.
https://www.cnn.com/2018/10/10/business/sears-time-running-out/index.html

I hate my predictions.

No word yet on which part of the Federal bankruptcy law (Chapter 11 reorganization, Chapter 7 liquidation, etc)?

Mike
Title: Re: Sears-Kmart Death Watch
Post by: PHLBOS on October 10, 2018, 05:01:07 PM
It's been 9 months since I posted this, and bankruptcy may be declared this very week.
https://www.cnn.com/2018/10/10/business/sears-time-running-out/index.html

I hate my predictions.

No word yet on which part of the Federal bankruptcy law (Chapter 11 reorganization, Chapter 7 liquidation, etc)?
The article seems to imply a Chapter 11 filing.
Title: Re: Sears-Kmart Death Watch
Post by: cl94 on October 10, 2018, 05:16:46 PM
Heh, I actually voted for 9 months. :evilgrin:
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on October 10, 2018, 05:22:02 PM
Heh, I actually voted for 9 months. :evilgrin:

Well, that makes 2 of us.  :evilgrin:  I wonder who the third person was?  :hmmm:
Title: Re: Sears-Kmart Death Watch
Post by: US71 on October 14, 2018, 01:47:55 PM
It's been 9 months since I posted this, and bankruptcy may be declared this very week.
https://www.cnn.com/2018/10/10/business/sears-time-running-out/index.html

I hate my predictions.

No word yet on which part of the Federal bankruptcy law (Chapter 11 reorganization, Chapter 7 liquidation, etc)?
The article seems to imply a Chapter 11 filing.

Based on what I've read, Lambert wants Chapter 11, but creditors want Chapter 7 . Is there anything left for Fast Eddie to skim off the top?
Title: Re: Sears-Kmart Death Watch
Post by: cl94 on October 14, 2018, 02:03:18 PM
It'll probably end up being Chapter 7. There's not much left for Sears to use as collateral.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on October 14, 2018, 03:43:44 PM
It's been 9 months since I posted this, and bankruptcy may be declared this very week.
https://www.cnn.com/2018/10/10/business/sears-time-running-out/index.html

I hate my predictions.

No word yet on which part of the Federal bankruptcy law (Chapter 11 reorganization, Chapter 7 liquidation, etc)?
The article seems to imply a Chapter 11 filing.

Based on what I've read, Lambert wants Chapter 11, but creditors want Chapter 7 . Is there anything left for Fast Eddie to skim off the top?

I doubt it.  The best stores were sold (mostly to Seritage).  Craftsman has been sold.  Kenmore is being sold (or will be sold).  Die Hard could be sold.  But, that's it.  It's toast.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on October 14, 2018, 10:07:15 PM
Lowe's has started to sell Craftsman too.
Title: Re: Sears-Kmart Death Watch
Post by: cl94 on October 14, 2018, 10:29:43 PM
CNBC is reporting (https://www.cnbc.com/2018/10/14/sears-ready-to-file-bankruptcy-later-tonight-in-fight-to-stay-alive.html) that Sears will likely file for bankruptcy tonight. At least 150 stores expected to close immediately.
Title: Re: Sears-Kmart Death Watch
Post by: txstateends on October 14, 2018, 11:10:26 PM
One time years ago during a job search, one of my sisters told me I should go apply at Sears.  "They'll always be around", or something like that.  Little did she know.  One time I'm glad I listened to the little voice telling me not to apply.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 14, 2018, 11:20:43 PM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Title: Sears-Kmart Death Watch
Post by: Tonytone on October 14, 2018, 11:30:08 PM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 14, 2018, 11:39:05 PM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone

Irony there being Sears was a huge investor in Prodigy Online in the 80s/90s and was the first major retailer to have online shopping.  They were actually in that market about a decade and a half too soon which made it a failure.
Title: Re: Sears-Kmart Death Watch
Post by: Tonytone on October 14, 2018, 11:41:46 PM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone

Irony there being Sears was a huge investor in Prodigy Online in the 80s/90s and was the first major retailer to have online shopping.  They were actually in that market about a decade and a half too soon which made it a failure.
And thats the problem. Scared money don’t make money. If sears would have taken the risk & not chickened out. They would have been a Walmart or amazon brand. But the old school is said to say over. A little bit will come back here & there. But people want technology & they want shit fast. The internet was scary at that time.  But if you don’t take risks sometimes. How will you know you failed?


iPhone
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 14, 2018, 11:50:42 PM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone

Irony there being Sears was a huge investor in Prodigy Online in the 80s/90s and was the first major retailer to have online shopping.  They were actually in that market about a decade and a half too soon which made it a failure.
And thats the problem. Scared money don’t make money. If sears would have taken the risk & not chickened out. They would have been a Walmart or amazon brand. But the old school is said to say over. A little bit will come back here & there. But people want technology & they want shit fast. The internet was scary at that time.  But if you don’t take risks sometimes. How will you know you failed?


iPhone

You're aware wireless internet wasn't mainstream for about another decade by the time Sears divested?  That project bled money constantly no matter how hard Sears pushed it.  They even had a show case on Regis and Kathie Lee that went nowhere, there was a later Howard Stern plug that also went bubkus.  At the time we're talking dial-up internet and closed ISPs being the order of the day, speed definitely wasn't anywhere what we have today.
Title: Re: Sears-Kmart Death Watch
Post by: Tonytone on October 15, 2018, 12:46:56 AM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone

Irony there being Sears was a huge investor in Prodigy Online in the 80s/90s and was the first major retailer to have online shopping.  They were actually in that market about a decade and a half too soon which made it a failure.
And thats the problem. Scared money don’t make money. If sears would have taken the risk & not chickened out. They would have been a Walmart or amazon brand. But the old school is said to say over. A little bit will come back here & there. But people want technology & they want shit fast. The internet was scary at that time.  But if you don’t take risks sometimes. How will you know you failed?


iPhone

You're aware wireless internet wasn't mainstream for about another decade by the time Sears divested?  That project bled money constantly no matter how hard Sears pushed it.  They even had a show case on Regis and Kathie Lee that went nowhere, there was a later Howard Stern plug that also went bubkus.  At the time we're talking dial-up internet and closed ISPs being the order of the day, speed definitely wasn't anywhere what we have today.
I understand that. But if the people who created AOL & Steve jobs who created Iphones. Didnt keep working on it & trying new things. Even when it was slow & clunky. What would we have today? A Ipear made by Leave bobs? Cmon sears could have really changed the game. They had basically everything at one point. Except a grocery store. Correct me if im wrong.


iPhone
Title: Re: Sears-Kmart Death Watch
Post by: wxfree on October 15, 2018, 02:22:38 AM
It's Chapter 11.  They're going for a prolonged death.  Sears built itself on selling stuff cheaper than their competitors could. It seems entirely fitting that they should fail because someone else played their own game better.  They're getting bitten in the ass by karma.  As it was at their birth, when the new model was better for the people, so it is at their death.

https://www.cnn.com/2018/10/15/business/sears-bankruptcy/index.html (https://www.cnn.com/2018/10/15/business/sears-bankruptcy/index.html)
Title: Re: Sears-Kmart Death Watch
Post by: Scott5114 on October 15, 2018, 04:59:23 AM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone

Irony there being Sears was a huge investor in Prodigy Online in the 80s/90s and was the first major retailer to have online shopping.  They were actually in that market about a decade and a half too soon which made it a failure.
And thats the problem. Scared money don’t make money. If sears would have taken the risk & not chickened out. They would have been a Walmart or amazon brand. But the old school is said to say over. A little bit will come back here & there. But people want technology & they want shit fast. The internet was scary at that time.  But if you don’t take risks sometimes. How will you know you failed?


iPhone

You're aware wireless internet wasn't mainstream for about another decade by the time Sears divested?  That project bled money constantly no matter how hard Sears pushed it.  They even had a show case on Regis and Kathie Lee that went nowhere, there was a later Howard Stern plug that also went bubkus.  At the time we're talking dial-up internet and closed ISPs being the order of the day, speed definitely wasn't anywhere what we have today.
I understand that. But if the people who created AOL & Steve jobs who created Iphones. Didnt keep working on it & trying new things. Even when it was slow & clunky. What would we have today? A Ipear made by Leave bobs? Cmon sears could have really changed the game. They had basically everything at one point. Except a grocery store. Correct me if im wrong.


iPhone

Business doesn't really work that way. Innovation means nothing unless income outpaces expenses. There's a lot of really cool stuff you can do but can't turn a profit with, so it doesn't get done. A big part of that is if the concept is marketable. The world's most efficient interchange is useless if you can't sign it in a way people can navigate it, and so the coolest product in the world is worthless if you can't market it.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on October 15, 2018, 07:19:15 AM
It's Chapter 11.  They're going for a prolonged death.  Sears built itself on selling stuff cheaper than their competitors could. It seems entirely fitting that they should fail because someone else played their own game better.  They're getting bitten in the ass by karma.  As it was at their birth, when the new model was better for the people, so it is at their death.

https://www.cnn.com/2018/10/15/business/sears-bankruptcy/index.html (https://www.cnn.com/2018/10/15/business/sears-bankruptcy/index.html)

The beginning of the end. A plan to close yet another 142 stores, and the removal of Eddie Lampert as CEO.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 15, 2018, 07:31:10 AM
It's Chapter 11.  They're going for a prolonged death.  Sears built itself on selling stuff cheaper than their competitors could. It seems entirely fitting that they should fail because someone else played their own game better.  They're getting bitten in the ass by karma.  As it was at their birth, when the new model was better for the people, so it is at their death.

https://www.cnn.com/2018/10/15/business/sears-bankruptcy/index.html (https://www.cnn.com/2018/10/15/business/sears-bankruptcy/index.html)

The beginning of the end. A plan to close yet another 142 stores, and the removal of Eddie Lampert as CEO.

Heh, now they think it’s the time to get rid of old Eddie? 
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 15, 2018, 07:35:23 AM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone

Irony there being Sears was a huge investor in Prodigy Online in the 80s/90s and was the first major retailer to have online shopping.  They were actually in that market about a decade and a half too soon which made it a failure.
And thats the problem. Scared money don’t make money. If sears would have taken the risk & not chickened out. They would have been a Walmart or amazon brand. But the old school is said to say over. A little bit will come back here & there. But people want technology & they want shit fast. The internet was scary at that time.  But if you don’t take risks sometimes. How will you know you failed?


iPhone

You're aware wireless internet wasn't mainstream for about another decade by the time Sears divested?  That project bled money constantly no matter how hard Sears pushed it.  They even had a show case on Regis and Kathie Lee that went nowhere, there was a later Howard Stern plug that also went bubkus.  At the time we're talking dial-up internet and closed ISPs being the order of the day, speed definitely wasn't anywhere what we have today.
I understand that. But if the people who created AOL & Steve jobs who created Iphones. Didnt keep working on it & trying new things. Even when it was slow & clunky. What would we have today? A Ipear made by Leave bobs? Cmon sears could have really changed the game. They had basically everything at one point. Except a grocery store. Correct me if im wrong.


iPhone

Business doesn't really work that way. Innovation means nothing unless income outpaces expenses. There's a lot of really cool stuff you can do but can't turn a profit with, so it doesn't get done. A big part of that is if the concept is marketable. The world's most efficient interchange is useless if you can't sign it in a way people can navigate it, and so the coolest product in the world is worthless if you can't market it.


Funny, I seem to recall groceries were part of the pitch for Prodigy Online sales too.  It wasn’t just Sears that pulled their money out mind you, a lot of companies did.  Prodigy was marketed terribly and way over moderated.  They let net provides like AOL slip in and sap take all their market share away (which was only a couple million at most) because they couldn’t understand what their users wanted.  It’s hard to sell to a board of stockholders a product that is failing on the market like that.   
Title: Re: Sears-Kmart Death Watch
Post by: kalvado on October 15, 2018, 08:36:11 AM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone

Irony there being Sears was a huge investor in Prodigy Online in the 80s/90s and was the first major retailer to have online shopping.  They were actually in that market about a decade and a half too soon which made it a failure.
And thats the problem. Scared money don’t make money. If sears would have taken the risk & not chickened out. They would have been a Walmart or amazon brand. But the old school is said to say over. A little bit will come back here & there. But people want technology & they want shit fast. The internet was scary at that time.  But if you don’t take risks sometimes. How will you know you failed?


iPhone

You're aware wireless internet wasn't mainstream for about another decade by the time Sears divested?  That project bled money constantly no matter how hard Sears pushed it.  They even had a show case on Regis and Kathie Lee that went nowhere, there was a later Howard Stern plug that also went bubkus.  At the time we're talking dial-up internet and closed ISPs being the order of the day, speed definitely wasn't anywhere what we have today.
I understand that. But if the people who created AOL & Steve jobs who created Iphones. Didnt keep working on it & trying new things. Even when it was slow & clunky. What would we have today? A Ipear made by Leave bobs? Cmon sears could have really changed the game. They had basically everything at one point. Except a grocery store. Correct me if im wrong.


iPhone
You may not fully understand the meaning of "slow and chunky", and capabilities of hardware those days. Screen resolution is a fraction of cheap  (64x480 or 800x600) is a fraction of what is standard for the phone these days, and it takes maybe a minute to download a full screen size picture at 33.6k
Catalog shopping was popular because a single catalog page could contain more information than you could ever download via the modem.
It may be for a good reason that Amazon - which started as a bookstore - grew up the way it did as you can sell books in a text-only mode without many issues.
Delivery was more expensive, and I believe credit card processing was more involved.
Maybe there was a way to improve catalog sales with dial-in service, but you mentioned groceries.. which were definitely a non-starter.
Something really trivial in 2018 was too difficult in the days of faxes.
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on October 15, 2018, 08:52:33 AM
It's Chapter 11.  They're going for a prolonged death.  Sears built itself on selling stuff cheaper than their competitors could. It seems entirely fitting that they should fail because someone else played their own game better.  They're getting bitten in the ass by karma.  As it was at their birth, when the new model was better for the people, so it is at their death.

https://www.cnn.com/2018/10/15/business/sears-bankruptcy/index.html (https://www.cnn.com/2018/10/15/business/sears-bankruptcy/index.html)

The beginning of the end. A plan to close yet another 142 stores, and the removal of Eddie Lampert as CEO.

Good riddance to bad rubbish (lampert)
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 15, 2018, 09:40:24 AM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone

Irony there being Sears was a huge investor in Prodigy Online in the 80s/90s and was the first major retailer to have online shopping.  They were actually in that market about a decade and a half too soon which made it a failure.
And thats the problem. Scared money don’t make money. If sears would have taken the risk & not chickened out. They would have been a Walmart or amazon brand. But the old school is said to say over. A little bit will come back here & there. But people want technology & they want shit fast. The internet was scary at that time.  But if you don’t take risks sometimes. How will you know you failed?


iPhone

You're aware wireless internet wasn't mainstream for about another decade by the time Sears divested?  That project bled money constantly no matter how hard Sears pushed it.  They even had a show case on Regis and Kathie Lee that went nowhere, there was a later Howard Stern plug that also went bubkus.  At the time we're talking dial-up internet and closed ISPs being the order of the day, speed definitely wasn't anywhere what we have today.
I understand that. But if the people who created AOL & Steve jobs who created Iphones. Didnt keep working on it & trying new things. Even when it was slow & clunky. What would we have today? A Ipear made by Leave bobs? Cmon sears could have really changed the game. They had basically everything at one point. Except a grocery store. Correct me if im wrong.


iPhone
You may not fully understand the meaning of "slow and chunky", and capabilities of hardware those days. Screen resolution is a fraction of cheap  (64x480 or 800x600) is a fraction of what is standard for the phone these days, and it takes maybe a minute to download a full screen size picture at 33.6k
Catalog shopping was popular because a single catalog page could contain more information than you could ever download via the modem.
It may be for a good reason that Amazon - which started as a bookstore - grew up the way it did as you can sell books in a text-only mode without many issues.
Delivery was more expensive, and I believe credit card processing was more involved.
Maybe there was a way to improve catalog sales with dial-in service, but you mentioned groceries.. which were definitely a non-starter.
Something really trivial in 2018 was too difficult in the days of faxes.

Worse yet early services like Prodigy were also subscription based meaning you only had a limited number of minutes to use before overages occurred. 
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on October 15, 2018, 09:54:46 AM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone
Considering Walmart used to take out life insurance policies on its employees and pocket the money when they died, “a little better” doesn’t really mean much. And I don’t think it’s that they treat their employees better so much as other companies are drawing media attention about their poor treatment of employees away from Walmart.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 15, 2018, 10:06:26 AM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone
Considering Walmart used to take out life insurance policies on its employees and pocket the money when they died, “a little better” doesn’t really mean much. And I don’t think it’s that they treat their employees better so much as other companies are drawing media attention about their poor treatment of employees away from Walmart.

Some of the Workman’s Comp claims that come out of retail are really interesting.  On the whole you have a work force that is generally given access to machinery like fork lifts and compactors with very little training.  Most of the mundane accident come from poor lifting techniques or falls related to messy work environments. 
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on October 15, 2018, 10:06:53 AM
Here's a map from CNBC showing all the locations then and now:
https://www.cnbc.com/2018/10/15/sears-is-closing-another-142-stores-heres-a-map-of-the-locations-it-has-left.html
Title: Re: Sears-Kmart Death Watch
Post by: catch22 on October 15, 2018, 11:30:30 AM
Here's the list of the store closings related to the bankruptcy filing:

https://www.usatoday.com/story/money/2018/10/15/sears-holdings-bankruptcy-store-closures/1645971002/
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on October 15, 2018, 11:30:55 AM
And the new list is out: https://www.usatoday.com/story/money/2018/10/15/sears-holdings-bankruptcy-store-closures/1645971002/

And yes, my local Sears is on it.  Fortunately, Sears Holdings leases the location from Seritage, so it shouldn't be empty too long.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on October 15, 2018, 11:33:56 AM
Arkansas is losing its last K-Mart (in Russellville). I was never impressed by it: disorganized, dirty, poorly staffed. Also lots of wrong prices at check-out and no one available to resolve the problem.
Title: Re: Sears-Kmart Death Watch
Post by: Tonytone on October 15, 2018, 11:43:04 AM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone

Irony there being Sears was a huge investor in Prodigy Online in the 80s/90s and was the first major retailer to have online shopping.  They were actually in that market about a decade and a half too soon which made it a failure.
And thats the problem. Scared money don’t make money. If sears would have taken the risk & not chickened out. They would have been a Walmart or amazon brand. But the old school is said to say over. A little bit will come back here & there. But people want technology & they want shit fast. The internet was scary at that time.  But if you don’t take risks sometimes. How will you know you failed?


iPhone

You're aware wireless internet wasn't mainstream for about another decade by the time Sears divested?  That project bled money constantly no matter how hard Sears pushed it.  They even had a show case on Regis and Kathie Lee that went nowhere, there was a later Howard Stern plug that also went bubkus.  At the time we're talking dial-up internet and closed ISPs being the order of the day, speed definitely wasn't anywhere what we have today.
I understand that. But if the people who created AOL & Steve jobs who created Iphones. Didnt keep working on it & trying new things. Even when it was slow & clunky. What would we have today? A Ipear made by Leave bobs? Cmon sears could have really changed the game. They had basically everything at one point. Except a grocery store. Correct me if im wrong.


iPhone

Business doesn't really work that way. Innovation means nothing unless income outpaces expenses. There's a lot of really cool stuff you can do but can't turn a profit with, so it doesn't get done. A big part of that is if the concept is marketable. The world's most efficient interchange is useless if you can't sign it in a way people can navigate it, and so the coolest product in the world is worthless if you can't market it.
Yes. Business does not work like that of course you have to make income in order to maintain . But have some of y’all forgotten what apple came from? Last time I checked Steve jobs was denounced CEO of his own company, because it was failing. Then a new head of people come in & made worse ideas & well you guys know what happened. Jobs came back & kept working on the same thing that failed. Computers & then the I-Pods,I-Phones, iPads & etc. but he made a game changer & that stuck with the American people. We can compare the *Apple Newton* to *Sears* trying the internet. It didn’t work. But that doesn’t mean give up. Sears messed up by just FOCUSING on internet. They should have been trying new things as-well that were head of the game.


iPhone
Title: Re: Sears-Kmart Death Watch
Post by: catch22 on October 15, 2018, 12:13:35 PM
And the new list is out: https://www.usatoday.com/story/money/2018/10/15/sears-holdings-bankruptcy-store-closures/1645971002/

And yes, my local Sears is on it.  Fortunately, Sears Holdings leases the location from Seritage, so it shouldn't be empty too long.

Two locals for me, Lincoln Park and Ann Arbor (Briarwood Mall).  The LP store was the closest store to my house when I was growing up before the Livonia store opened in the mid-'60s; a lot of my back-to-school clothes came from there.

 
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 15, 2018, 12:16:01 PM
Its time for them to go, this has been dragged out way too many years.  A last minute buyer is just prolong what ought to happen now.
Amazon is the new Sears. Walmart blew Kmart out the water. Maybe if these stores studied statistics of what’s popular like “Electronics” & fast “quick” service. They would have survived.

*Walmart is surviving because they are now putting their workers & stores first a little more* I Say this from experience of working in walmart in recent years. I know they were shitty back in the day. & sometimes they can be now. But they have turned around.*
iPhone

Irony there being Sears was a huge investor in Prodigy Online in the 80s/90s and was the first major retailer to have online shopping.  They were actually in that market about a decade and a half too soon which made it a failure.
And thats the problem. Scared money don’t make money. If sears would have taken the risk & not chickened out. They would have been a Walmart or amazon brand. But the old school is said to say over. A little bit will come back here & there. But people want technology & they want shit fast. The internet was scary at that time.  But if you don’t take risks sometimes. How will you know you failed?


iPhone

You're aware wireless internet wasn't mainstream for about another decade by the time Sears divested?  That project bled money constantly no matter how hard Sears pushed it.  They even had a show case on Regis and Kathie Lee that went nowhere, there was a later Howard Stern plug that also went bubkus.  At the time we're talking dial-up internet and closed ISPs being the order of the day, speed definitely wasn't anywhere what we have today.
I understand that. But if the people who created AOL & Steve jobs who created Iphones. Didnt keep working on it & trying new things. Even when it was slow & clunky. What would we have today? A Ipear made by Leave bobs? Cmon sears could have really changed the game. They had basically everything at one point. Except a grocery store. Correct me if im wrong.


iPhone

Business doesn't really work that way. Innovation means nothing unless income outpaces expenses. There's a lot of really cool stuff you can do but can't turn a profit with, so it doesn't get done. A big part of that is if the concept is marketable. The world's most efficient interchange is useless if you can't sign it in a way people can navigate it, and so the coolest product in the world is worthless if you can't market it.
Yes. Business does not work like that of course you have to make income in order to maintain . But have some of y’all forgotten what apple came from? Last time I checked Steve jobs was denounced CEO of his own company, because it was failing. Then a new head of people come in & made worse ideas & well you guys know what happened. Jobs came back & kept working on the same thing that failed. Computers & then the I-Pods,I-Phones, iPads & etc. but he made a game changer & that stuck with the American people. We can compare the *Apple Newton* to *Sears* trying the internet. It didn’t work. But that doesn’t mean give up. Sears messed up by just FOCUSING on internet. They should have been trying new things as-well that were head of the game.


iPhone

That’s what Dad used to say and he was the marketing VP of Prodigy Online.  It’s not like they didn’t give it their all, they even sponsored a race team for a couple years.  When you’re an old school publicly traded company you have to answer to stock holders and a board of directors on where/what your money is doing.  We’re talking a far different world in the early 1990s, innovation wasn’t coming from the old school giants of retail. 
Title: Re: Sears-Kmart Death Watch
Post by: ET21 on October 15, 2018, 12:19:48 PM
I'll give them until the end of the decade, 2020 is the max
Title: Re: Sears-Kmart Death Watch
Post by: jeffandnicole on October 15, 2018, 12:21:26 PM
Tony...you have no idea what the internet was like when Sears was pushing it. You couldn't readily download a picture. People also paid for their time online. If you didn't have a local number to connect to the internet, you had to pay to simply get online. And you paid per minute...which was easily 10 cents or more per minute as It was a local-long distance call. It was life-changing when you got 10 hours a month for free. I remember roadgroups at the time highly discouraging posting a pic on a post because of the incredible download time needed.

You simply can't compare 25 - 30 years ago to what we can do today. In hindsight maybe Sears could've done things differently, but it was so far removed from their core business model that it really didn't make sense at the time.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 15, 2018, 12:27:07 PM
Tony...you have no idea what the internet was like when Sears was pushing it. You couldn't readily download a picture. People also paid for their time online. If you didn't have a local number to connect to the internet, you had to pay to simply get online. And you paid per minute...which was easily 10 cents or more per minute as It was a local-long distance call. It was life-changing when you got 10 hours a month for free. I remember roadgroups at the time highly discouraging posting a pic on a post because of the incredible download time needed.

You simply can't compare 25 - 30 years ago to what we can do today. In hindsight maybe Sears could've done things differently, but it was so far removed from their core business model that it really didn't make sense at the time.

Hell most of the marketing was focused on shopping or checking stock quotes.  Nobody could foresee that the message boards and chat rooms would become the most popular feature.  I do miss those DOS based graphics...shame Mad Maze never got finished. 
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on October 15, 2018, 12:37:18 PM
And the new list is out: https://www.usatoday.com/story/money/2018/10/15/sears-holdings-bankruptcy-store-closures/1645971002/

And yes, my local Sears is on it.  Fortunately, Sears Holdings leases the location from Seritage, so it shouldn't be empty too long.

I'm surprised this location held on as long as it did. 
Title: Re: Sears-Kmart Death Watch
Post by: MikieTimT on October 15, 2018, 12:43:12 PM
Arkansas is losing its last K-Mart (in Russellville). I was never impressed by it: disorganized, dirty, poorly staffed. Also lots of wrong prices at check-out and no one available to resolve the problem.

I'm surprised that any K-Marts lasted this long in the home state of Wal-Mart.  It could happen just as easily with Wal-Mart if someone else takes care of the customer better or cheaper.  At least they're investing in the stores and coming up with different ways to blend on and offline commerce, so there's hope that Amazon doesn't just run everyone into the ground.
Title: Re: Sears-Kmart Death Watch
Post by: jeffandnicole on October 15, 2018, 01:14:28 PM
My local Sears in Deptford and a Kmart in Glassboro are finally listed.  I would go into Sears because my mom liked their Lands End clothing for Christmas. The Kmart I've been in twice in the past few years just for kicks, but usually walked out buying something.
Title: Re: Sears-Kmart Death Watch
Post by: hbelkins on October 15, 2018, 01:40:48 PM
Kentucky has two Kmarts on the list, in Grayson and Russell Springs. The one in Grayson does not have a local Walmart competitor, and I don't think the one in Russell Springs does either.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on October 15, 2018, 01:53:24 PM
I see the Sears in Ann Arbor is closing as well as the one in Lincoln Park. After Lincoln Park closes that'll leave 3 Sears stores left in Metro Detroit (Livonia, Novi and Westland). Ann Arbor usually isn't included in Metro Detroit. And with Kmart closing in Lake Orion and Charlevoix that'll leave Michigan with 11 Kmart's left. At one time Michigan was Kmart's home state.
Title: Re: Sears-Kmart Death Watch
Post by: ilpt4u on October 15, 2018, 02:44:36 PM
And the new list is out: https://www.usatoday.com/story/money/2018/10/15/sears-holdings-bankruptcy-store-closures/1645971002/

And yes, my local Sears is on it.  Fortunately, Sears Holdings leases the location from Seritage, so it shouldn't be empty too long.
Since when did Sears Holdings sell the Joliet Mall property?

When I worked there 10+ years ago, Sears owned that Mall store...but I know they were looking into selling the properties at that time
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on October 15, 2018, 02:50:19 PM
I see the Sears in Ann Arbor is closing as well as the one in Lincoln Park. After Lincoln Park closes that'll leave 3 Sears stores left in Metro Detroit (Livonia, Novi and Westland). Ann Arbor usually isn't included in Metro Detroit. And with Kmart closing in Lake Orion and Charlevoix that'll leave Michigan with 11 Kmart's left. At one time Michigan was Kmart's home state.
Yes, it was originally known as Kresge’s.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on October 15, 2018, 03:04:13 PM
And the new list is out: https://www.usatoday.com/story/money/2018/10/15/sears-holdings-bankruptcy-store-closures/1645971002/

And yes, my local Sears is on it.  Fortunately, Sears Holdings leases the location from Seritage, so it shouldn't be empty too long.
Since when did Sears Holdings sell the Joliet Mall property?

When I worked there 10+ years ago, Sears owned that Mall store...but I know they were looking into selling the properties at that time

It's one of the ones sold to Seritage a few years ago (along with the former Orland Square store that's now slated to become a large movie theater).  https://www.seritage.com/properties

Looking at it now, there's a pattern to a lot of the store closures.  Check out the list, and then check out the Seritage property list linked here.  A lot of the stores, both Sears and Kmart appear on both.  I'm willing to wager that sales alone are not driving these closures.  These are being driven partially by Seritage.
Title: Re: Sears-Kmart Death Watch
Post by: doorknob60 on October 15, 2018, 03:14:14 PM
Boise's Sears is on the closing list. Pulling out of by far the biggest market in the state, in the biggest mall in the state (which is generally busy). Can't be a good sign. Surprisingly, the Sears in Idaho Falls seems to be staying open, making that the last traditional Sears in the entire state. Not counting hometown stores, there's a handful of those around still. The Boise area, for now, retains a Hometown Store in Nampa, and the Appliance Outlet store in Boise.

I can't say I've ever bought anything in the Boise store though, so I don't really mind. Looked into them (online) for new appliances, but I ended up going with Best Buy for fridge and dishwasher, and Amazon for gas range (ironically, a Kenmore) as they were better deals.
Title: Re: Sears-Kmart Death Watch
Post by: dvferyance on October 15, 2018, 03:35:02 PM
They should just close down completely. This would give the chance for somebody to reboot the company and make it a great again. Since it's already being done with Toys R Us it can be done with Sears as well.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on October 15, 2018, 03:55:26 PM
I see the Sears in Ann Arbor is closing as well as the one in Lincoln Park. After Lincoln Park closes that'll leave 3 Sears stores left in Metro Detroit (Livonia, Novi and Westland). Ann Arbor usually isn't included in Metro Detroit. And with Kmart closing in Lake Orion and Charlevoix that'll leave Michigan with 11 Kmart's left. At one time Michigan was Kmart's home state.
Yes, it was originally known as Kresge’s.
I think it was more along the lines that Kresge founded Kmart since it was the S.S. Kresge Company that owned them. Kresge's 5 and 10 stores were around well into the 80's. There was one about a mile from my house that closed in around 1988 and became a McCrory's after that, followed by a Big Lots and now it's an Ollie's Bargain Outlet.
Title: Re: Sears-Kmart Death Watch
Post by: ftballfan on October 15, 2018, 06:37:32 PM
I looked at the closing list and none of the stores owned directly by Sears are closing this round
Title: Re: Sears-Kmart Death Watch
Post by: jeffandnicole on October 15, 2018, 07:40:48 PM
I looked at the closing list and none of the stores owned directly by Sears are closing this round

The Deptford Mall Sears is Sears owned I believe.
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on October 15, 2018, 08:29:16 PM
So far around here the Avenues Sears and Orange Park Sears are not slated for closing. Neither is the Sears Outlet near the Saint John’s Town Center.
Title: Re: Sears-Kmart Death Watch
Post by: Roadrunner75 on October 15, 2018, 09:39:45 PM
My local Sears in Deptford and a Kmart in Glassboro are finally listed.  I would go into Sears because my mom liked their Lands End clothing for Christmas. The Kmart I've been in twice in the past few years just for kicks, but usually walked out buying something.
That's disappointing - the Deptford Mall Sears was the one I grew up with.  We spent alot of time in there over the years.  I remember the snack bar and the big remodel (late 80s?).  I haven't been in there in years and the Sears that was local to where I live now closed a year ago, but it's a another small piece of my childhood that is going.  Most visits to the mall started at that Sears.
Title: Re: Sears-Kmart Death Watch
Post by: Revive 755 on October 15, 2018, 09:58:24 PM
Here's a map from CNBC showing all the locations then and now:
https://www.cnbc.com/2018/10/15/sears-is-closing-another-142-stores-heres-a-map-of-the-locations-it-has-left.html

When did the one at Woodfield Mall in Schaumburg, IL close?
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on October 15, 2018, 10:07:36 PM
Here's a map from CNBC showing all the locations then and now:
https://www.cnbc.com/2018/10/15/sears-is-closing-another-142-stores-heres-a-map-of-the-locations-it-has-left.html

When did the one at Woodfield Mall in Schaumburg, IL close?
Um, that one is still open.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on October 16, 2018, 07:29:58 AM
Here's a map from CNBC showing all the locations then and now:
https://www.cnbc.com/2018/10/15/sears-is-closing-another-142-stores-heres-a-map-of-the-locations-it-has-left.html

When did the one at Woodfield Mall in Schaumburg, IL close?
Um, that one is still open.
I didn’t realize how bad things had gotten until I was looking at buying something from Sears online and the nearest store to me is in North Riverside.
Title: Re: Sears-Kmart Death Watch
Post by: txstateends on October 16, 2018, 08:16:40 AM
So strange...the day I hear about the bankruptcy, I see 2 Sears Outlet commercials on TV.  I don't think I've ever seen ads for Sears Outlet on TV before.

Saw the closures list; this round will leave Dallas with no more Sears in the city limits and only 1 left in Fort Worth.  If my math is right, 5 remaining suburban Sears will be left.  Kmart has been gone from most of TX for years now.
Title: Re: Sears-Kmart Death Watch
Post by: 1995hoo on October 16, 2018, 08:34:43 AM
Surprised to see the only local closure planned here is the K-Mart at Springfield Plaza (Sears at Fair Oaks was already slated to close).
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on October 16, 2018, 11:33:50 AM
Once in awhile if I see a Kmart that's still open I'll stop in just to see what the store looks like. I haven't been in my local one's lately (Midland is the closest, Clio isn't too far behind). After this next round of closings Michigan will be left with 11 Kmart's. The remaining stores are in Belleville, Clio, Grayling, Hastings, Marine City, Marshall, Menominee (the U.P.'s only remaining Kmart), Midland, Oscoda, Warren and Waterford. I don't think there is a city anywhere around here that has two Kmart's left, I know Michigan, Indiana, Ohio and Illinois have no cities with at least two Kmart's. Saginaw use to have three Kmart's with the first one closing in 2004, second one around 2007 and the third one in 2014 (due to a roof collapse that happened in the middle of the night in the middle of winter snow on the roof caused the collapse). Bay City's Kmart closed last year and it was about halfway in between a Meijer and Walmart location. Very surprising that the Clio store remains open with a Walmart across I-75 from it.
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on October 16, 2018, 10:19:54 PM
Could this guy be any more full of shit? :rolleyes:

https://www.cnbc.com/2018/10/16/sears-eddie-lampert-speech-to-employees-post-bankruptcy.html (https://www.cnbc.com/2018/10/16/sears-eddie-lampert-speech-to-employees-post-bankruptcy.html)
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 16, 2018, 10:52:00 PM
Could this guy be any more full of shit? :rolleyes:

https://www.cnbc.com/2018/10/16/sears-eddie-lampert-speech-to-employees-post-bankruptcy.html (https://www.cnbc.com/2018/10/16/sears-eddie-lampert-speech-to-employees-post-bankruptcy.html)

Was the whole negotiating his way out of a kidnapping even really a thing?
Title: Re: Sears-Kmart Death Watch
Post by: roadman65 on October 16, 2018, 10:52:20 PM
I am still surprised that they both held on this long.  In Orlando K Mart has been gone for a long while. Sears, on the other hand, is still holding on in the Florida Mall, Fashion Square, and Altamonte.  I am not sure if Sears is still in West Oaks or not, but I am sure they closed a few years back.

Edit: Wikipedia says it closed back in 2013. 
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on October 16, 2018, 10:58:09 PM
I am still surprised that they both held on this long.  In Orlando K Mart has been gone for a long while. Sears, on the other hand, is still holding on in the Florida Mall, Fashion Square, and Altamonte.  I am not sure if Sears is still in West Oaks or not, but I am sure they closed a few years back.
Here in Jacksonville it is pretty much the same scenario, with Kmart having been gone for awhile now and Sears no longer having a presence at the nearly dead Regency Square Mall. They do still have a presence at the Avenues Mall and Orange Park Mall and a Sears Outlet not far north of the Saint John’s Town Center.
Title: Re: Sears-Kmart Death Watch
Post by: ftballfan on October 17, 2018, 09:53:01 AM
The immediate Grand Rapids area (and inner-ring suburbs) had six Kmarts briefly in the mid-1990s. Four were gone by the 2002 bankruptcy, while the remaining two hung on until 2016. Sears still has one store left in the Grand Rapids area (at RiverTown Crossings, one of the last full-line Sears stores to open (the store and mall opened in 1999)). The Woodland Mall store closed early last year and will be replaced by Von Maur and some inline stores.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on October 17, 2018, 12:01:49 PM
I've been watching for the Sears location in Fashion Square Mall to close. Since Genesee Valley lost it's Sears this year I thought Fashion Square would be on the next list but it's still open and not slated for closing at least not yet. Anytime I go in that Sears it's always dead and I count more employees than customers. It honestly wouldn't hurt my feelings to see that Sears close but Fashion Square has been able to hold onto all of it's anchors unlike Bay City Town Center (formerly Bay City Mall) and Midland Mall.

Sears closed the Bay City location in late 2014 or early 2015 I can't remember. Target closed the Bay City location in 2015. The Sears location became Younker's Home and Furniture store on one half and a Ollie's Bargain Outlet on the other half so when Younkers closed they actually vacated a store and a half in the mall. About a month or two ago Big R announced they are opening in the old Target location in the first quarter of 2019.

Sears closed the Midland Mall location in the summer of 2016, JCPenney closed about a year later and of course Younkers (originally an Elder-Beerman) closed in August of this year. I haven't been in this mall in awhile and really don't care for Midland Mall or Bay City Town Center too much. If I want a mall I'll head to Meridian, Twelve Oaks, Somerset or Lakeside.
Title: Re: Sears-Kmart Death Watch
Post by: SP Cook on October 17, 2018, 12:19:25 PM
So strange...the day I hear about the bankruptcy, I see 2 Sears Outlet commercials on TV.

Sears spun off Sears Outlets, which sells seconds and slightly irregulars and such like from the Sears warehouse, along with Sears Hometown Stores, the last remnant of its catalog business, as a separate company back in 2012. 

That company, stock symbol SHOS, is under different management and not bankrupt.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on October 18, 2018, 10:28:52 AM
I can't imagine the Sears in Lakeview Square Mall making it much longer. It's the only anchor store in Lakeview Square left since JCPenney and Macy's closed in 2017. It seems like the malls of similar size in Michigan have had the same fate. Bay City Town Center, Midland Mall, Laurel Park Place, The Mall of Monroe, Westwood Mall (Jackson) and Courtland Center have all lost a lot of tenants and anchor stores. Especially Courtland Center, that mall only has a JCPenney as an anchor store with numerous vacant storefronts in the mall and a Dunham's Sporting Goods on the other end. One day I counted about 40 vacant storefronts in Courtland Center.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 18, 2018, 11:35:48 AM
So strange...the day I hear about the bankruptcy, I see 2 Sears Outlet commercials on TV.

Sears spun off Sears Outlets, which sells seconds and slightly irregulars and such like from the Sears warehouse, along with Sears Hometown Stores, the last remnant of its catalog business, as a separate company back in 2012. 

That company, stock symbol SHOS, is under different management and not bankrupt.

The irony being that the Sears name will likely live on for some time when the parent company goes belly up for good.  There is also Sears franchise stores which probably will live on as well.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on October 18, 2018, 12:05:27 PM
Here's an interesting article, likely to make one's blood boil a bit.

How Sears Was Gutted By Its Own CEO (http://prospect.org/article/how-sears-was-gutted-its-own-ceo)

Quote
So the leadership of the Sears empire—Lampert—is gradually selling off bits and pieces of it, mostly to Lampert. The cash generated from those deals in large part serviced Sears’s debt, the payments on which also went to Lampert. And now, having put Sears into bankruptcy, the top creditor—Lampert—stands to gain from the final fire sale.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 18, 2018, 12:46:56 PM
Here's an interesting article, likely to make one's blood boil a bit.

How Sears Was Gutted By Its Own CEO (http://prospect.org/article/how-sears-was-gutted-its-own-ceo)

Quote
So the leadership of the Sears empire—Lampert—is gradually selling off bits and pieces of it, mostly to Lampert. The cash generated from those deals in large part serviced Sears’s debt, the payments on which also went to Lampert. And now, having put Sears into bankruptcy, the top creditor—Lampert—stands to gain from the final fire sale.

He’s best known for being a hedge fund manager, it’s practically in the mission statement to part companies out.  He’s done this with other investments in the past, Sears essentially made a deal with the Devil getting involved with him and fresh from bankruptcy Kmart. 
Title: Re: Sears-Kmart Death Watch
Post by: vdeane on October 18, 2018, 01:24:22 PM
This is why it should be illegal for a manager/shareholder or parent company of a company to finance its debt or to buy its assets (and continue to be illegal for 10 years after separation).  Lampert should be spending the rest of his life in prison for what he's done (perhaps some DA could charge him with first degree murder since corporations are people now?), but instead, he'll make over a billion.  I can only hope that the bankruptcy court sees what's going on and cancels Lampert's debts instead of allowing him to siphon off the money and stiff the other creditors and employees.  I don't care what the law says about who is paid first (heck, if I were in charge, it would be employees and customers with things like gift cards that would be first).  Any judge who allows him to take that money is aiding and abetting the problem and just as evil as Lampert is.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 18, 2018, 11:51:07 PM
This is why it should be illegal for a manager/shareholder or parent company of a company to finance its debt or to buy its assets (and continue to be illegal for 10 years after separation).  Lampert should be spending the rest of his life in prison for what he's done (perhaps some DA could charge him with first degree murder since corporations are people now?), but instead, he'll make over a billion.  I can only hope that the bankruptcy court sees what's going on and cancels Lampert's debts instead of allowing him to siphon off the money and stiff the other creditors and employees.  I don't care what the law says about who is paid first (heck, if I were in charge, it would be employees and customers with things like gift cards that would be first).  Any judge who allows him to take that money is aiding and abetting the problem and just as evil as Lampert is.

Its a very 1980s move and the dude has a reputation for doing this to other businesses.  He has a lot more in common with Jordan Belfort than he does with Warren Buffett which he was compared to so much early in his career.  Unfortunately unless there is some changes to laws regarding stock holders making trade moves like this practices like it will continue to happen.  I'm sure the investors who bought into the Kmart merger are mostly long gone and made there money.
Title: Re: Sears-Kmart Death Watch
Post by: kalvado on October 19, 2018, 05:43:31 AM
At least it didn't come to being a Lampert tower...
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 19, 2018, 01:51:57 PM
Found this on Youtube today:

Title: Re: Sears-Kmart Death Watch
Post by: roadman65 on October 19, 2018, 10:53:16 PM
This is why it should be illegal for a manager/shareholder or parent company of a company to finance its debt or to buy its assets (and continue to be illegal for 10 years after separation).  Lampert should be spending the rest of his life in prison for what he's done (perhaps some DA could charge him with first degree murder since corporations are people now?), but instead, he'll make over a billion.  I can only hope that the bankruptcy court sees what's going on and cancels Lampert's debts instead of allowing him to siphon off the money and stiff the other creditors and employees.  I don't care what the law says about who is paid first (heck, if I were in charge, it would be employees and customers with things like gift cards that would be first).  Any judge who allows him to take that money is aiding and abetting the problem and just as evil as Lampert is.

Its a very 1980s move and the dude has a reputation for doing this to other businesses.  He has a lot more in common with Jordan Belfort than he does with Warren Buffett which he was compared to so much early in his career.  Unfortunately unless there is some changes to laws regarding stock holders making trade moves like this practices like it will continue to happen.  I'm sure the investors who bought into the Kmart merger are mostly long gone and made there money.
Is not Frank Lorenzo another one who bought out companies who ran them into the ground.

Eastern Airlines- Made the employee unions go on strike to cripple the once big carrier.
Continental Airlines- Now was forced to be merged with United.
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on October 20, 2018, 07:48:38 AM
https://www.businessinsider.com/sears-could-liquidate-in-weeks-court-filings-show-report-2018-10 (https://www.businessinsider.com/sears-could-liquidate-in-weeks-court-filings-show-report-2018-10)
Title: Re: Sears-Kmart Death Watch
Post by: Tonytone on October 20, 2018, 11:18:05 PM
Newark, Delaware kmart in college square is closing down. Not so sure about the governors square one.


iPhone
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on October 24, 2018, 10:21:52 AM
:hmm:

https://www.businessinsider.com/mall-owners-want-to-limit-sears-sales-signs-2018-10 (https://www.businessinsider.com/mall-owners-want-to-limit-sears-sales-signs-2018-10)
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on October 24, 2018, 10:35:55 AM
:hmm:

https://www.businessinsider.com/mall-owners-want-to-limit-sears-sales-signs-2018-10 (https://www.businessinsider.com/mall-owners-want-to-limit-sears-sales-signs-2018-10)

Makes me wonder if any of these mall locations have some sort of contingency plan for when their Sears goes out of business.
Title: Re: Sears-Kmart Death Watch
Post by: 1 on October 24, 2018, 11:01:56 AM
:hmm:

https://www.businessinsider.com/mall-owners-want-to-limit-sears-sales-signs-2018-10 (https://www.businessinsider.com/mall-owners-want-to-limit-sears-sales-signs-2018-10)

Makes me wonder if any of these mall locations have some sort of contingency plan for when their Sears goes out of business.

Mall at Rockingham Park, Salem NH: It was originally two floors. Now, Sears only covers the first floor, and the second floor is a Dick's Sporting Goods.
Title: Re: Sears-Kmart Death Watch
Post by: PHLBOS on October 24, 2018, 02:26:50 PM
Continental Airlines- Now was forced to be merged with United.
Actually, it was Continental that was the acquiring company, which was the reason why their color scheme & logo (but w/UNITED titles) survived & is still used today, not United circa 2010-2011. 

After being snubbed by their hostile take-over of Delta (Delta & Northwest would ultimately merge circa 2009-2010); then-US Airways CEO Doug Parker tried to make a grab for United.  Glenn Tilton (United's CEO at the time) wasn't having any of it and literally ran into Jeff Smisek's (then-Continental's CEO) arms.
Title: Re: Sears-Kmart Death Watch
Post by: RobbieL2415 on October 24, 2018, 02:35:10 PM
Imagine if Amazon purchased the assets and liabilities of Sears Holding and turned their remaining stores into Amazon Retail Centers.  You could use these as hubs for same-day delivery.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on October 24, 2018, 02:37:37 PM
Imagine if Amazon purchased the assets and liabilities of Sears Holding and turned their remaining stores into Amazon Retail Centers.  You could use these as hubs for same-day delivery.
Or, as we used to call them, “stores.”
Title: Re: Sears-Kmart Death Watch
Post by: kalvado on October 24, 2018, 03:24:57 PM
Imagine if Amazon purchased the assets and liabilities of Sears Holding and turned their remaining stores into Amazon Retail Centers.  You could use these as hubs for same-day delivery.
Or, as we used to call them, “stores.”
You seem to be so 20th century...
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on October 26, 2018, 02:53:10 PM
Surprise, surprise...

https://www.cnbc.com/2018/10/25/sears-future-in-doubt-as-eddie-lampert-looks-for-more-protections.html (https://www.cnbc.com/2018/10/25/sears-future-in-doubt-as-eddie-lampert-looks-for-more-protections.html)

Oh, and did I say “surprise”?

https://www.reuters.com/article/us-sears-bankruptcy-evercore-us/sears-directors-tap-evercore-to-examine-former-ceo-lamperts-deals-sources-idUSKCN1N00F7 (https://www.reuters.com/article/us-sears-bankruptcy-evercore-us/sears-directors-tap-evercore-to-examine-former-ceo-lamperts-deals-sources-idUSKCN1N00F7)
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 26, 2018, 03:41:42 PM
Surprise, surprise...

https://www.cnbc.com/2018/10/25/sears-future-in-doubt-as-eddie-lampert-looks-for-more-protections.html (https://www.cnbc.com/2018/10/25/sears-future-in-doubt-as-eddie-lampert-looks-for-more-protections.html)

Oh, and did I say “surprise”?

https://www.reuters.com/article/us-sears-bankruptcy-evercore-us/sears-directors-tap-evercore-to-examine-former-ceo-lamperts-deals-sources-idUSKCN1N00F7 (https://www.reuters.com/article/us-sears-bankruptcy-evercore-us/sears-directors-tap-evercore-to-examine-former-ceo-lamperts-deals-sources-idUSKCN1N00F7)

Its no mystery in the business world what old Eddie was trying to pull.  Supposedly some of the suppliers are refusing to give Sears credit or deliver holiday product.
Title: Re: Sears-Kmart Death Watch
Post by: J N Winkler on October 28, 2018, 04:01:15 PM
Why we shouldn't mourn Sears (https://slate.com/business/2018/10/sears-bankruptcy-sexism-workplace-inequality.html)

I am wondering what will now happen to the lifetime guarantee for Craftsman tools and the free tire rotate-and-balance warranties on at least one, and possibly both, cars (I am sure the Saturn has its tires from Sears, and I think the same is true for the Toyota as well).  But both questions are really academic.  I have never actually had a Craftsman tool break, and I haven't felt comfortable taking a car to a Sears auto center here in Wichita since the store in Towne West closed in December 2014.  The one in Towne East is still open but has a much worse reputation.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on October 28, 2018, 05:15:32 PM
I am wondering what will now happen to the lifetime guarantee for Craftsman tools and the free tire rotate-and-balance warranties on at least one, and possibly both, cars (I am sure the Saturn has its tires from Sears, and I think the same is true for the Toyota as well).
I’m not sure Sears Auto is going anywhere, and if they do, either someone should honor both warranties, or you’re owed a refund for the unused portions (although with the latter, you’d have to get in line behind the rest of Sears’ creditors).
Title: Re: Sears-Kmart Death Watch
Post by: jeffandnicole on October 28, 2018, 05:52:13 PM
I thought the lifetime tool guarantee was already long-gone.
Title: Re: Sears-Kmart Death Watch
Post by: J N Winkler on October 28, 2018, 06:57:13 PM
I thought the lifetime tool guarantee was already long-gone.

Apparently not:  still in effect (hand tools only, not wear items). (https://www.craftsman.com/customer-care/warranty-information)  And it seems that although Craftsman tools continue to be sold in Sears stores (as well as Kmart and Ace), the brand was sold to Black & Decker last year for $775 million.

I’m not sure Sears Auto is going anywhere, and if they do, either someone should honor both warranties, or you’re owed a refund for the unused portions (although with the latter, you’d have to get in line behind the rest of Sears’ creditors).

I wonder how they would calculate the residual value.  I am likewise under few illusions that I, and others similarly situated, qualify as senior creditors.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on October 29, 2018, 08:12:32 AM
I’m not sure Sears Auto is going anywhere, and if they do, either someone should honor both warranties, or you’re owed a refund for the unused portions (although with the latter, you’d have to get in line behind the rest of Sears’ creditors).

I wonder how they would calculate the residual value.  I am likewise under few illusions that I, and others similarly situated, qualify as senior creditors.
[/quote]I don’t know how they would either. That’s what actuaries are for.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on October 30, 2018, 09:57:49 AM
Ruh-roh.

Whirlpool to Sears: We want our appliances back (https://www.chicagotribune.com/business/ct-biz-whirlpool-demands-sears-return-products-1030-story.html)

Quote
Benton Harbor, Mich.-based Whirlpool, which stopped selling its branded products at Sears last year but makes appliances under Sears’ Kenmore brand, asked the department store chain to return all merchandise it received in the 45 days before its Chapter 11 bankruptcy filing on Oct. 15.

In a letter filed in court last week, Whirlpool’s attorney demanded that Sears “refrain from selling, disposing, or using … for any purpose whatsoever” the merchandise it received from the appliance-maker during that time without permission from the U.S. Bankruptcy Court.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on October 30, 2018, 10:10:39 AM
I honestly had this conversation with someone. I told them you can probably expect Sears to close several more stores in the next few years and I bet any money that the Saginaw Fashion Square Mall store will be on one of the next rounds of closures. This person goes on to tell me that the Saginaw store would have already been shut down if they were doing that poorly. I simply stated that they close the most non profitable stores in each round of closures and they just haven't gotten up to this store yet but I bet it'll be closing in maybe not the next round of closures but most likely the round after that. And this guy tells me that Sears is doing fine and will stay in business. I said look at Bay City, Midland, Flint, Lakeside Mall, Fairlane Mall, Southland Mall, Eastland Mall, Macomb Mall and you're telling me that a Sears is going to stay in business in Saginaw, Michigan just because you think they are doing well? I just named 8 Sears stores that have closed within the last 5 years all in Michigan.

The only place Sears was actually smart about location is Lansing. There are two malls in Lansing but instead of being in both malls or one or the other they have the Sears location about halfway in between the two malls which are located about 15 miles apart. The Lansing Sears is located next to Frandor Shopping Plaza very close to the East Lansing and Lansing city limits.

I wouldn't be surprised to see Fashion Square Mall's Sears on the list and it'd be a sad day when that happens because Fashion Square Mall has been able to hold onto all of it's anchors (JCPenney, Sears and Macy's). The Macy's was originally a Hudson's and then became Marshall Field's and then Macy's after that. Both Bay City and Midland only have one anchor left (Target for Midland and JCPenney for Bay City).
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on October 30, 2018, 11:02:22 AM
I honestly had this conversation with someone. I told them you can probably expect Sears to close several more stores in the next few years and I bet any money that the Saginaw Fashion Square Mall store will be on one of the next rounds of closures. This person goes on to tell me that the Saginaw store would have already been shut down if they were doing that poorly. I simply stated that they close the most non profitable stores in each round of closures and they just haven't gotten up to this store yet but I bet it'll be closing in maybe not the next round of closures but most likely the round after that. And this guy tells me that Sears is doing fine and will stay in business. I said look at Bay City, Midland, Flint, Lakeside Mall, Fairlane Mall, Southland Mall, Eastland Mall, Macomb Mall and you're telling me that a Sears is going to stay in business in Saginaw, Michigan just because you think they are doing well? I just named 8 Sears stores that have closed within the last 5 years all in Michigan.

The only place Sears was actually smart about location is Lansing. There are two malls in Lansing but instead of being in both malls or one or the other they have the Sears location about halfway in between the two malls which are located about 15 miles apart. The Lansing Sears is located next to Frandor Shopping Plaza very close to the East Lansing and Lansing city limits.

I wouldn't be surprised to see Fashion Square Mall's Sears on the list and it'd be a sad day when that happens because Fashion Square Mall has been able to hold onto all of it's anchors (JCPenney, Sears and Macy's). The Macy's was originally a Hudson's and then became Marshall Field's and then Macy's after that. Both Bay City and Midland only have one anchor left (Target for Midland and JCPenney for Bay City).

Heh, that brings me back...I took driver’s education classes at the Sears on Grand River off of US 127.  That whole shopping center was the place to go before the Eastwood Towne Center was built on Lake Lansing Road.   
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on October 30, 2018, 01:27:04 PM
Ruh-roh.

Whirlpool to Sears: We want our appliances back (https://www.chicagotribune.com/business/ct-biz-whirlpool-demands-sears-return-products-1030-story.html)

Quote
Benton Harbor, Mich.-based Whirlpool, which stopped selling its branded products at Sears last year but makes appliances under Sears’ Kenmore brand, asked the department store chain to return all merchandise it received in the 45 days before its Chapter 11 bankruptcy filing on Oct. 15.

In a letter filed in court last week, Whirlpool’s attorney demanded that Sears “refrain from selling, disposing, or using … for any purpose whatsoever” the merchandise it received from the appliance-maker during that time without permission from the U.S. Bankruptcy Court.

:-D

They’re fucked.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on October 30, 2018, 05:39:19 PM
I honestly had this conversation with someone. I told them you can probably expect Sears to close several more stores in the next few years and I bet any money that the Saginaw Fashion Square Mall store will be on one of the next rounds of closures. This person goes on to tell me that the Saginaw store would have already been shut down if they were doing that poorly. I simply stated that they close the most non profitable stores in each round of closures and they just haven't gotten up to this store yet but I bet it'll be closing in maybe not the next round of closures but most likely the round after that. And this guy tells me that Sears is doing fine and will stay in business. I said look at Bay City, Midland, Flint, Lakeside Mall, Fairlane Mall, Southland Mall, Eastland Mall, Macomb Mall and you're telling me that a Sears is going to stay in business in Saginaw, Michigan just because you think they are doing well? I just named 8 Sears stores that have closed within the last 5 years all in Michigan.

The only place Sears was actually smart about location is Lansing. There are two malls in Lansing but instead of being in both malls or one or the other they have the Sears location about halfway in between the two malls which are located about 15 miles apart. The Lansing Sears is located next to Frandor Shopping Plaza very close to the East Lansing and Lansing city limits.

I wouldn't be surprised to see Fashion Square Mall's Sears on the list and it'd be a sad day when that happens because Fashion Square Mall has been able to hold onto all of it's anchors (JCPenney, Sears and Macy's). The Macy's was originally a Hudson's and then became Marshall Field's and then Macy's after that. Both Bay City and Midland only have one anchor left (Target for Midland and JCPenney for Bay City).

Heh, that brings me back...I took driver’s education classes at the Sears on Grand River off of US 127.  That whole shopping center was the place to go before the Eastwood Towne Center was built on Lake Lansing Road.
It's still a decent place to go shopping but a bit old. Sears is like Michigan and Clippert I haven't been in that Sears in awhile. But honestly out of any of the Sears I've been in none of them have been busy. I walked through Genesee Valley when they were going out of business and that store was bare empty. I was in the Sears in Saginaw the other night and saw a group of 7 people and a few other people scattered throughout the store no department was busy at all.
Title: Re: Sears-Kmart Death Watch
Post by: jp the roadgeek on November 08, 2018, 04:35:41 PM
And another 40 gone, including the last one near me in Meriden, CT

https://www.cnbc.com/2018/11/08/sears-to-shut-40-more-stores-early-next-year.html
Title: Re: Sears-Kmart Death Watch
Post by: kphoger on November 08, 2018, 05:11:50 PM
Whirlpool to Sears: We want our appliances back

I'm still kind of sour about Whirlpool.  When my wife and I first got married, we moved to a house just a few blocks from a Maytag factory in Herrin, IL.  Shortly after we moved there, Whirlpool bought out Maytag.  Then they closed two of the factories they had taken over—which just happened to be the only two union factories of the bunch.  One of them was the one by our house.  For a town of only 12,000 population, that was a huge hit.  It was pretty common after that to see someone driving around with a rear window decal of Calvin pissing on the Whirlpool logo.
Title: Re: Sears-Kmart Death Watch
Post by: mgk920 on November 09, 2018, 03:03:10 AM
And another 40 gone, including the last one near me in Meriden, CT

https://www.cnbc.com/2018/11/08/sears-to-shut-40-more-stores-early-next-year.html

Another couple of Wisconsin stores bite the dust - the KMart in Cudahy (suburban Milwaukee) and the Sears at 2500 Milton Rd in Janesville.

Mike
Title: Re: Sears-Kmart Death Watch
Post by: TheHighwayMan394 on November 09, 2018, 03:47:58 AM
There are still two in the metro Twin Cities, one each in proximity to one of the downtowns. Interestingly, the Minneapolis one faces threat not from declining sales (which from sources, it's actually still a profitable store), but from the fact that the store was built on top of a section of Nicollet Avenue, which the city of Minneapolis has repeatedly expressed a desire to raze/relocate Kmart so they can reconnect Nicollet.
Title: Re: Sears-Kmart Death Watch
Post by: gonealookin on November 09, 2018, 02:03:52 PM
The KMart at 6600 Clark Road in Paradise, CA wasn't on any closure list (yet) but it's on the list of buildings that are confirmed destroyed in the Camp Fire (https://www.chicoer.com/2018/11/08/prominent-buildings-in-paradise-that-have-been-destroyed-by-camp-fire/).  It's part of a shopping center so Sears probably had a lease rather than ownership; anyway, scratch that one off the list too.

Edit:  Watching a reporter's dash cam video, that report was false and the Paradise Big K lives on.  The damage to the residences in the town is obviously appalling though so there won't be many customers when it reopens.
Title: Re: Sears-Kmart Death Watch
Post by: Pink Jazz on November 10, 2018, 03:24:55 PM
Looks like there will be only one Sears left in the Phoenix area after these closures - Arrowhead Towne Center.

Also, it appears that this round of closures include the first announced closures in Puerto Rico, with three Kmarts closing.
Title: Re: Sears-Kmart Death Watch
Post by: KEVIN_224 on November 10, 2018, 06:11:05 PM
470 Lewis Avenue in Meriden, CT. In other words, Westfield Shoppingtown (mall). They already lost JC Penney a few years ago. That space later opened as the first Boscov's store in New England.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on November 10, 2018, 07:15:24 PM
Metro Detroit will be down to three Sears locations left after the Allen Park location closes. They are all in the same general area as well. Westland, Livonia and Novi. Hard to imagine a metro area of roughly 4 million only has three Sears stores left.
Title: Re: Sears-Kmart Death Watch
Post by: davewiecking on November 10, 2018, 08:56:04 PM
In January 2018, Sears filed the federally-required notice (for businesses over 100) with the state that they would be closing the Bethesda, MD (Montgomery Mall) location in March 2018. At the last minute, they apparently reached a lease agreement (having sold this store and 2 others to the mall owner a year earlier) for another year, and told the state "never mind". In June, the mall owners announced Sears would close in March 2019. They're indeed on the newest list.
Title: Re: Sears-Kmart Death Watch
Post by: PAHighways on November 11, 2018, 12:08:53 PM
And another 40 gone, including the last one near me in Meriden, CT

https://www.cnbc.com/2018/11/08/sears-to-shut-40-more-stores-early-next-year.html

The axe falls on what became the closest Kmart to me after the last round of closures.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on November 11, 2018, 07:01:38 PM
Lakeview Square Mall in Battle Creek is losing it's Sears. This mall has already lost JCPenney and Macy's the last few years and will have no anchor stores left after Sears closes.
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on November 11, 2018, 07:29:00 PM
Lakeview Square Mall in Battle Creek is losing it's Sears. This mall has already lost JCPenney and Macy's the last few years and will have no anchor stores left after Sears closes.

Another one bites the dust.
Title: Re: Sears-Kmart Death Watch
Post by: jon daly on November 13, 2018, 08:18:50 PM
All this talk made me think about how dated the book THE MALLING OF AMERICA is. So I Googled it and the first three links are to Amazon pages. Oh, sweet irony!


Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on November 24, 2018, 09:08:27 AM
http://www.chicagotribune.com/business/ct-biz-sears-stores-for-sale-20181123-story.html
Title: Re: Sears-Kmart Death Watch
Post by: bing101 on November 26, 2018, 08:28:36 PM
https://en.wikipedia.org/wiki/Kmart_Australia

The Only Kmart I see surviving in the near future is the Australian editions of Kmart.
Title: Re: Sears-Kmart Death Watch
Post by: bing101 on December 01, 2018, 07:01:53 PM

Abandoned Kmart video
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on December 01, 2018, 11:20:50 PM

Abandoned Kmart video
I know exactly where that Kmart was. It's the one on N. Saginaw in Mt. Morris. Flint doesn't have any Kmart's anymore and this one and the one on Dort Hwy. looked about the same. I'm trying to remember how many Kmart's Flint had but I can think of where there were about 5 of them. I knew the Kmart in the video as soon as I saw the building.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on December 06, 2018, 01:52:43 PM
Sears Chairman Edward Lampert bids $4.6 billion to rescue iconic retailer from bankruptcy (https://www.chicagotribune.com/business/ct-biz-sears-bankruptcy-bid-lampert-esl-1207-story.html)

Quote
The bid from Lampert’s ESL Investments includes about 500 Sears and Kmart stores, headquarters and distribution centers, and Sears brands and businesses including Kenmore, DieHard and Sears Home Services.

Word of the day: vulture.
Title: Re: Sears-Kmart Death Watch
Post by: bing101 on December 18, 2018, 10:38:07 AM
https://www.usatoday.com/story/money/2017/03/22/sears-retirees-worry-their-pensions-company-raises-doubts-its-future/99497610/

Sears uncertainties with its pension plans have come up.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on December 24, 2018, 09:17:41 AM
I wonder if we'll see a large increase in the number of closures in the next couple weeks?
Title: Re: Sears-Kmart Death Watch
Post by: wxfree on December 27, 2018, 04:41:00 PM
This watch may be just about over.

https://www.cnbc.com/2018/12/27/sears-may-need-to-liquidate-if-no-bid-comes-in-by-tomorrow.html (https://www.cnbc.com/2018/12/27/sears-may-need-to-liquidate-if-no-bid-comes-in-by-tomorrow.html)
Title: Re: Sears-Kmart Death Watch
Post by: US71 on December 27, 2018, 05:48:24 PM
This watch may be just about over.

https://www.cnbc.com/2018/12/27/sears-may-need-to-liquidate-if-no-bid-comes-in-by-tomorrow.html (https://www.cnbc.com/2018/12/27/sears-may-need-to-liquidate-if-no-bid-comes-in-by-tomorrow.html)

I wonder if JC Penney will be next  (97 cents a share) ?
Title: Re: Sears-Kmart Death Watch
Post by: wxfree on December 27, 2018, 06:23:06 PM
I wonder if the dollar stores will now start selling JC Penney stock.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on December 27, 2018, 06:29:07 PM
I wonder if the dollar stores will now start selling JC Penney stock.

I read something the other day that there seems to be a backlash in many communities against dollar stores.
Title: Re: Sears-Kmart Death Watch
Post by: wxfree on December 27, 2018, 07:32:38 PM
I wonder if the dollar stores will now start selling JC Penney stock.

I read something the other day that there seems to be a backlash in many communities against dollar stores.

To go off topic, I don't get this.  Things like Walmart and dollar stores bring products at lower prices.  It costs jobs, but it's more efficient.  Fewer people costing less to pay move the same amount of merchandise.  Improvements in efficiency have always been painful, but they always move us forward to something better.  More people can afford to buy more things and, in some cases, those things are built better, because of increased efficiencies that cost people their jobs.  I think we need to recognize this as a problem that needs to be addressed, but not address it by suggesting that we should instead build the economy around inefficiency.  Taken to an absurd extreme, if our economy was so inefficient that everyone had to grow and hunt their own food, everyone would be employed.  Every step of improvement will cost people jobs.  We should have policies to mitigate those effects, but not by mandating that 20 people be hired to do the work of 5.
Title: Re: Sears-Kmart Death Watch
Post by: TheHighwayMan394 on December 27, 2018, 07:33:43 PM
I wonder if the dollar stores will now start selling JC Penney stock.

I read something the other day that there seems to be a backlash in many communities against dollar stores.

Not sure what specific reasons were outlined in that article, but Dollar General was forced to cancel its planned Grand Marais, MN store after the city and residents rolled out the unwelcome mat, fearing the chain would hurt the town character (the town does have DQ and Subway, so it’s not entirely a chain-free zone).
Title: Re: Sears-Kmart Death Watch
Post by: vdeane on December 27, 2018, 08:45:47 PM
More people can afford to buy more things and, in some cases, those things are built better, because of increased efficiencies that cost people their jobs.
And often times the price is lowered by cheapening out on quality instead.
Title: Re: Sears-Kmart Death Watch
Post by: wxfree on December 27, 2018, 09:00:16 PM
More people can afford to buy more things and, in some cases, those things are built better, because of increased efficiencies that cost people their jobs.
And often times the price is lowered by cheapening out on quality instead.

That happens, too.  They also shrink the size to hide a price increase.  They do these tricks because most people aren't good shoppers.  But going back to mom-and-pop stores that take 5 times as many people to serve the number of customers won't fix that, either.  Progress is uneven.  More efficiency is good.  Using lower quality or smaller quantity to mimic efficiency is not.  These are things we have to work out over time.
Title: Re: Sears-Kmart Death Watch
Post by: Rothman on December 28, 2018, 08:59:46 AM
The big dollar store chains actually and craftily sell certain products at a HIGHER price than Walmart.  The power of marketing...
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on December 28, 2018, 09:00:21 AM
Sears could liquidate today...

https://www.cnn.com/2018/12/27/business/sears-deadline/index.html
Title: Re: Sears-Kmart Death Watch
Post by: 1 on December 28, 2018, 09:04:24 AM
One dollar store near me, not part of a chain, sells "Hitz" crackers. They look exactly like Ritz.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on December 28, 2018, 09:05:35 AM
I wonder if the dollar stores will now start selling JC Penney stock.

I read something the other day that there seems to be a backlash in many communities against dollar stores.

To go off topic, I don't get this.  Things like Walmart and dollar stores bring products at lower prices.  It costs jobs, but it's more efficient.  Fewer people costing less to pay move the same amount of merchandise.  Improvements in efficiency have always been painful, but they always move us forward to something better.  More people can afford to buy more things and, in some cases, those things are built better, because of increased efficiencies that cost people their jobs.  I think we need to recognize this as a problem that needs to be addressed, but not address it by suggesting that we should instead build the economy around inefficiency.  Taken to an absurd extreme, if our economy was so inefficient that everyone had to grow and hunt their own food, everyone would be employed.  Every step of improvement will cost people jobs.  We should have policies to mitigate those effects, but not by mandating that 20 people be hired to do the work of 5.
Beyond the aforementioned issue that they sell substandard goods, I also read recently that a significant number of people are doing their grocery shopping there. Anyone who’s spent time in a dollar store’s grocery section can see why that would be a problem.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on December 28, 2018, 09:06:44 AM
One dollar store near me, not part of a chain, sells "Hitz" crackers. They look exactly like Ritz.
I’ve seen a collage of store brand versions of Dr Pepper. Wal-Mart’s “Dr. Thunder” is still my favorite.
Title: Re: Sears-Kmart Death Watch
Post by: Buck87 on December 28, 2018, 09:20:41 AM
I’ve seen a collage of store brand versions of Dr Pepper. Wal-Mart’s “Dr. Thunder” is still my favorite.

I'm partial to Kroger's Dr. K
Title: Re: Sears-Kmart Death Watch
Post by: US71 on December 28, 2018, 09:40:46 AM
I wonder if the dollar stores will now start selling JC Penney stock.

I read something the other day that there seems to be a backlash in many communities against dollar stores.

To go off topic, I don't get this.  Things like Walmart and dollar stores bring products at lower prices.  It costs jobs, but it's more efficient.  Fewer people costing less to pay move the same amount of merchandise.  Improvements in efficiency have always been painful, but they always move us forward to something better.  More people can afford to buy more things and, in some cases, those things are built better, because of increased efficiencies that cost people their jobs.  I think we need to recognize this as a problem that needs to be addressed, but not address it by suggesting that we should instead build the economy around inefficiency.  Taken to an absurd extreme, if our economy was so inefficient that everyone had to grow and hunt their own food, everyone would be employed.  Every step of improvement will cost people jobs.  We should have policies to mitigate those effects, but not by mandating that 20 people be hired to do the work of 5.
Beyond the aforementioned issue that they sell substandard goods, I also read recently that a significant number of people are doing their grocery shopping there. Anyone who’s spent time in a dollar store’s grocery section can see why that would be a problem.

Their prices are higher, the selection is sparse, and the quality isn't there. A lot of their cheese is what I call "fake cheese": cheese will added fillers.
Title: Re: Sears-Kmart Death Watch
Post by: J N Winkler on December 28, 2018, 11:26:13 AM
That happens, too.  They also shrink the size to hide a price increase.  They do these tricks because most people aren't good shoppers.  But going back to mom-and-pop stores that take 5 times as many people to serve the number of customers won't fix that, either.  Progress is uneven.  More efficiency is good.  Using lower quality or smaller quantity to mimic efficiency is not.  These are things we have to work out over time.

The measures that businesses use to plan their retail offerings and that government uses to plan the economy (there is always some planning of that type going on even in market societies) often do not capture well-being.  From the perspective of a retailer in the grocery business, for example, it makes more sense to sell packaged foods, vitamin supplements, ground-up psyllium husk (Metamucil or generic equivalent), and Preparation H, than it does to sell fresh produce.  All of the goods in the former category have fixed form factors and keep indefinitely, so they can be sold with negligible waste or loss.  Meanwhile, fresh food requires refrigeration and since it is almost impossible to match supply exactly to demand that fluctuates over short time intervals, a high proportion of it goes into the trash.

Result:  constipation is by far the most prevalent digestive complaint in the US, and its incidence is higher among the nonwhite demographics that are more likely to live in food deserts where fresh produce is not available.
Title: Re: Sears-Kmart Death Watch
Post by: SP Cook on December 28, 2018, 12:08:39 PM
The latest loonie concept is that of the "food desert", the junk science myth that poor people somehow do not have access to "healthy foods" due to stores in bad neighborhoods not selling it.  Not true, of course.  Stores carry what customers want.   
Title: Re: Sears-Kmart Death Watch
Post by: US71 on December 28, 2018, 12:11:05 PM
The latest loonie concept is that of the "food desert", the junk science myth that poor people somehow do not have access to "healthy foods" due to stores in bad neighborhoods not selling it.  Not true, of course.  Stores carry what customers want.   

Isn't it odd how un-healthy foods such as hamburgers cost less than healthy foods such as salads?
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on December 28, 2018, 12:14:40 PM
The latest loonie concept is that of the "food desert", the junk science myth that poor people somehow do not have access to "healthy foods" due to stores in bad neighborhoods not selling it.  Not true, of course.  Stores carry what customers want.   

Isn't it odd how un-healthy foods such as hamburgers cost less than healthy foods such as salads?
Beef subsidies.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on December 28, 2018, 12:18:45 PM
The latest loonie concept is that of the "food desert", the junk science myth that poor people somehow do not have access to "healthy foods" due to stores in bad neighborhoods not selling it.  Not true, of course.  Stores carry what customers want.
Your habit of making bombastic statements and running away doesn’t get more charming over time, you know.
Title: Re: Sears-Kmart Death Watch
Post by: SP Cook on December 28, 2018, 12:25:28 PM
No "bombastic statement" was made, simply a statement of fact and logic.  And no one has run away.  Most poor people are poor because they have made a series of really dumb decisions.  Spending "your" food stamps on Ho-Hos and Ding-Dongs is just another in a lifetime of such bad decisions.  If people want kale, the store will carry kale.
Title: Re: Sears-Kmart Death Watch
Post by: 1 on December 28, 2018, 12:30:49 PM
If you know what to get, healthy foods aren't always more expensive than junk foods. A single banana is about 18¢* (exact price depends on weight), and while that's nowhere near a full meal, filling up on various fruits and vegetables can be fairly cheap.

However, it generally holds true. Things labeled "organic" are more expensive. Mott's large jar of natural applesauce is 46 oz, while their regular is 48 oz (also 3.9 instead of 4 for the small cups). Vanilla ice cream with real vanilla bean is more expensive than other vanilla ice cream brands.

For some reason, the plantains (large Hispanic population at this store) are 25¢ each regardless of weight, while the bananas are 49¢ per pound.

*and $200 cash back. Yes, someone really did this.

Most poor people are poor because they have made a series of really dumb decisions.

Sometimes, it's not under their control. Maybe their family was poor, but they didn't do anything wrong themselves. Maybe they got screwed over by their boss. Maybe they can't keep up with paying mortgage, insurance, and bills, even working full time for minimum wage.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on December 28, 2018, 01:08:10 PM
No "bombastic statement" was made, simply a statement of fact and logic.  And no one has run away.  Most poor people are poor because they have made a series of really dumb decisions.  Spending "your" food stamps on Ho-Hos and Ding-Dongs is just another in a lifetime of such bad decisions.  If people want kale, the store will carry kale.
”Food deserts don’t exist” is a bombastic statement. They bloody well do. What you meant to say was “Food deserts exist, but I don’t care because I’m not inconvenienced by them.”

And this is out of character for you; normally you troll and ignore all the responses.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on December 28, 2018, 01:20:39 PM

Most poor people are poor because they have made a series of really dumb decisions.

Sometimes, it's not under their control. Maybe their family was poor, but they didn't do anything wrong themselves. Maybe they got screwed over by their boss. Maybe they can't keep up with paying mortgage, insurance, and bills, even working full time for minimum wage.
We had to sell out house when I was 14 because my dad's pay was cut. We were forced to move because lots of jobs didn't exist at the time. Five years later we were forced to move again when the boss died and the company closed.

We made our cars last a couple more years, took shorter vacations, even moved to poorer neighborhoods to be able to put food on the table.
It is disingenuous to blame the poor for their predicaments when those who have plenty want more, no matter who gets hurt.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on December 28, 2018, 01:24:58 PM
If no one comes forth with a bid by tonight, I'd say those who though "1 year" were pretty accurate.
Title: Re: Sears-Kmart Death Watch
Post by: catch22 on December 28, 2018, 01:46:48 PM
This may be moot in a few hours since they all may close sooner rather than later, but Sears announced 80 more store closings today.  List is in the article.  Nearest one to me is Novi, MI (Twelve Oaks Mall).

https://www.cnbc.com/2018/12/28/sears-closing-80-more-stores-in-march-faces-possible-liquidation.html
Title: Re: Sears-Kmart Death Watch
Post by: jp the roadgeek on December 28, 2018, 02:52:05 PM
And CT is down to 1 KMart.  The old rinky-dink one in Watertown that updated from70’s signage just this year survives.  The Big K vintage one in Vernon bites the dust.  Also surviving are the other one within an hour or so of me: Holyoke, MA, also survives.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on December 28, 2018, 02:54:51 PM
If no one comes forth with a bid by tonight, I'd say those who though "1 year" were pretty accurate.

My guess is Fast Eddie will show up with 5 minutes on the clock claiming only he can save the company.
Title: Re: Sears-Kmart Death Watch
Post by: ET21 on December 28, 2018, 03:25:07 PM
Wow the Chicago Ridge and Schaumburg IL Sears survive again  :wow:
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on December 28, 2018, 03:27:41 PM
This may be moot in a few hours since they all may close sooner rather than later, but Sears announced 80 more store closings today.  List is in the article.  Nearest one to me is Novi, MI (Twelve Oaks Mall).

https://www.cnbc.com/2018/12/28/sears-closing-80-more-stores-in-march-faces-possible-liquidation.html


Some of these are intriguing and surprising.  There's the aforementioned Twelve Oaks, along with Mall of America, St Clair Square, and a fair number of successful malls that have Sears as an anchor.  It's amazing that some of the more successful malls are losing Sears while some dying malls like Stratford Square and Spring Hill Mall have retained theirs.
Title: Re: Sears-Kmart Death Watch
Post by: PAHighways on December 28, 2018, 03:34:58 PM
My local Sears is on the chopping block, which means the one in Washington will be the only one left in southwestern PA.

With a mini casino now slated for the empty Bon-Ton location at Westmoreland Mall, the rumors of a hotel where Sears now sits might not be rumors any more.

SM-G965U

Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on December 28, 2018, 03:35:27 PM
Less than 30 minutes until we know the fate of Sears.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on December 28, 2018, 04:25:58 PM
Less than 30 minutes until we know the fate of Sears.

Are we talking 4pm ET or CT? I'm sort of thinking the fat lady has sung.
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on December 28, 2018, 04:30:27 PM
Less than 30 minutes until we know the fate of Sears.

Are we talking 4pm ET or CT? I'm sort of thinking the fat lady has sung.

4 PM ET.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on December 28, 2018, 04:32:37 PM
Less than 30 minutes until we know the fate of Sears.

Are we talking 4pm ET or CT? I'm sort of thinking the fat lady has sung.

I think I agree.

RIP, Sears (1886-2018) and Kmart (1889 as SS Kresge-2018).
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on December 28, 2018, 04:39:47 PM
Less than 30 minutes until we know the fate of Sears.

Are we talking 4pm ET or CT? I'm sort of thinking the fat lady has sung.

I think I agree.

RIP, Sears (1886-2018) and Kmart (1889 as SS Kresge-2018).

I think you meant to say that Kmart was founded in 1899.
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on December 28, 2018, 04:46:27 PM
This may be moot in a few hours since they all may close sooner rather than later, but Sears announced 80 more store closings today.  List is in the article.  Nearest one to me is Novi, MI (Twelve Oaks Mall).

https://www.cnbc.com/2018/12/28/sears-closing-80-more-stores-in-march-faces-possible-liquidation.html


Some of these are intriguing and surprising.  There's the aforementioned Twelve Oaks, along with Mall of America, St Clair Square, and a fair number of successful malls that have Sears as an anchor.  It's amazing that some of the more successful malls are losing Sears while some dying malls like Stratford Square and Spring Hill Mall have retained theirs.

Yep. The Streets at Southpoint mall in Durham is thriving while Triangle Town Center in northern Raleigh is on a downward spiral, yet Sears remains there.
Title: Re: Sears-Kmart Death Watch
Post by: PAHighways on December 28, 2018, 05:44:41 PM
Saved by the bell, or should I say at the bell:

https://www.cnbc.com/2018/12/28/sears-chairman-eddie-lampert-submits-bit-for-company.html

SM-G965U

Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on December 28, 2018, 05:47:27 PM
Saved by the bell, or should I say at the bell:

https://www.cnbc.com/2018/12/28/sears-chairman-eddie-lampert-submits-bit-for-company.html

SM-G965U

So essentially this will drag on until slick Eddie and his hedge fund goons milk all the left over scraps for all their worth. 
Title: Re: Sears-Kmart Death Watch
Post by: US71 on December 28, 2018, 06:49:09 PM
Saved by the bell, or should I say at the bell:

https://www.cnbc.com/2018/12/28/sears-chairman-eddie-lampert-submits-bit-for-company.html

SM-G965U

So essentially this will drag on until slick Eddie and his hedge fund goons milk all the left over scraps for all their worth. 
I thought this might happen.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on December 28, 2018, 06:50:50 PM
Saved by the bell, or should I say at the bell:

https://www.cnbc.com/2018/12/28/sears-chairman-eddie-lampert-submits-bit-for-company.html

SM-G965U

So essentially this will drag on until slick Eddie and his hedge fund goons milk all the left over scraps for all their worth. 
I thought this might happen.

Well yeah, what else would be expected from the "next Warren Buffett?"  :rolleyes:
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on December 28, 2018, 08:10:49 PM
The Sears in Twelve Oaks Mall is on the most recent list of closures which after that will leave the entire Detroit Metro area with only two Sears stores (Livonia and Westland). The Muskegon store is on the list as well and Lansing and Saginaw's stores have been spared for now. I'm wondering how far the Saginaw store is from closing because every time I've been in Fashion Square Mall or past it Sears has looked dead. The former auto center is slated to be demolished for a Texas Roadhouse. Lansing I can at least say Sears did it right there and located in between the two malls in a metro area that probably didn't ever need two Sears locations.
Title: Re: Sears-Kmart Death Watch
Post by: steviep24 on December 28, 2018, 09:28:03 PM
The last remaining Sears in the Rochester, NY area at 10 Miracle Mile Dr. (Marketplace Mall) is on the most recent list of closures.
Title: Re: Sears-Kmart Death Watch
Post by: 1995hoo on December 28, 2018, 09:45:35 PM
Oddly, the only Northern Virginia Sears store that’s closed is at Fair Oaks Mall and none of the others are on the list yet.
Title: Re: Sears-Kmart Death Watch
Post by: mgk920 on December 29, 2018, 12:15:53 AM
Yepper, Appleton (Grand Chute Township), WI (Fox River Mall) is getting the axe.  The township where that is located is notorious for its cheapness in public works-streets spending and the area around it, despite its popularity, especially with out-of-towners, is becoming seriously threadbare.  That mall lost its Younkers store last spring and its JCPenney store is looking to be in an increasingly perilous position - their corporate share price went below $1 for the first time in the company's history on Wednesday.

 :-o

BTW, will there be any Sears stores left in Wisconsin when this round is done?

 :hmmm:

Mike
Title: Re: Sears-Kmart Death Watch
Post by: vdeane on December 29, 2018, 12:21:50 AM
The last remaining Sears in the Rochester, NY area at 10 Miracle Mile Dr. (Marketplace Mall) is on the most recent list of closures.
What's odd is that I recall seeing this one on the list of stores that there were going to try to keep open.  It's sad - Marketplace Mall will have lost 3/4 of its traditional anchors once this Sears closes (Macys and Bon Ton already left, and Dick's is newer than the other anchors, leaving only JCPenney).
Title: Re: Sears-Kmart Death Watch
Post by: Big John on December 29, 2018, 12:26:14 AM
BTW, will there be any Sears stores left in Wisconsin when this round is done?

 :hmmm:

Mike
According to this, there will be 2 full-line stores left, one in Madison and one in Janesville: https://www.sears.com/stores/wisconsin.html
Title: Re: Sears-Kmart Death Watch
Post by: txstateends on December 29, 2018, 01:26:52 AM
With this announcement, and the 2 previous ones this year, I'm not sure how many this leaves in TX, but it's not very many.  IINM, as far as north TX, only Hulen Mall (Fort Worth), Northeast Mall (Hurst), and Parks at Arlington (Arlington) will remain.

My sister told me almost 30 years ago, while pointing out the Amarillo store (which is on the latest closing list BTW):  "You can always get you a job at Sears, they'll never go out of business..."

Definitely one time I listened to the little voice that said not to apply.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on December 29, 2018, 07:14:17 AM
My sister told me almost 30 years ago, while pointing out the Amarillo store (which is on the latest closing list BTW):  "You can always get you a job at Sears, they'll never go out of business..."

Definitely one time I listened to the little voice that said not to apply.
I applied in college and failed the personality/ethics/whatever the hell it was test. Kinda glad I did, the manager was a jerk in the few minutes of interactions we had prior to that and I’m sure it would have been hell if I’d been hired.
Title: Re: Sears-Kmart Death Watch
Post by: jeffandnicole on December 29, 2018, 09:23:59 AM
With this announcement, and the 2 previous ones this year, I'm not sure how many this leaves in TX, but it's not very many.  IINM, as far as north TX, only Hulen Mall (Fort Worth), Northeast Mall (Hurst), and Parks at Arlington (Arlington) will remain.

My sister told me almost 30 years ago, while pointing out the Amarillo store (which is on the latest closing list BTW):  "You can always get you a job at Sears, they'll never go out of business..."

Definitely one time I listened to the little voice that said not to apply.

Hopefully Sears would be only been a part time or temporary full time job! 30 years later you probably could retire!
Title: Re: Sears-Kmart Death Watch
Post by: thenetwork on December 29, 2018, 10:56:02 AM
I see the Kmart in Seven Hills (Cleveland), OH is finally closing.  Good news for Meijer who has been circling over the property like a vulture the last 6 months waiting to put their superstore there.

One of the earliest Kmarts I went to as a kid is still on life support -- Brunswick, OH -- I believe opened back in 1972.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on December 29, 2018, 11:48:22 AM
My sister told me almost 30 years ago, while pointing out the Amarillo store (which is on the latest closing list BTW):  "You can always get you a job at Sears, they'll never go out of business..."

Definitely one time I listened to the little voice that said not to apply.
I applied in college and failed the personality/ethics/whatever the hell it was test. Kinda glad I did, the manager was a jerk in the few minutes of interactions we had prior to that and I’m sure it would have been hell if I’d been hired.

It was called an LSI Exam, they used to give it to all their manager applicants.  It was a logic test, most retailers used something like that for management positions for much the last decade. 
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on December 29, 2018, 01:00:48 PM
My sister told me almost 30 years ago, while pointing out the Amarillo store (which is on the latest closing list BTW):  "You can always get you a job at Sears, they'll never go out of business..."

Definitely one time I listened to the little voice that said not to apply.
I applied in college and failed the personality/ethics/whatever the hell it was test. Kinda glad I did, the manager was a jerk in the few minutes of interactions we had prior to that and I’m sure it would have been hell if I’d been hired.

It was called an LSI Exam, they used to give it to all their manager applicants.  It was a logic test, most retailers used something like that for management positions for much the last decade.
No, this was one of the “you see a coworker stealing, what would you do?” tests. I was absolutely not applying for a manager position.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on December 29, 2018, 01:05:00 PM
My sister told me almost 30 years ago, while pointing out the Amarillo store (which is on the latest closing list BTW):  "You can always get you a job at Sears, they'll never go out of business..."

Definitely one time I listened to the little voice that said not to apply.
I applied in college and failed the personality/ethics/whatever the hell it was test. Kinda glad I did, the manager was a jerk in the few minutes of interactions we had prior to that and I’m sure it would have been hell if I’d been hired.

It was called an LSI Exam, they used to give it to all their manager applicants.  It was a logic test, most retailers used something like that for management positions for much the last decade.
No, this was one of the “you see a coworker stealing, what would you do?” tests. I was absolutely not applying for a manager position.

That’s the Unicru Test then. Basically they ask you the same questions repeatedly but phrased differently.  Supposedly if you don’t answer consistently it means you are being deceptive or something.  Essentially it is some HR big wig’s idea if taking the human factor out of the hiring practice to the fullest extent possible.  There are three grades; green, yellow and red.  You weren’t even allowed to talk to someone as a hiring manager if they scored red. 
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on December 29, 2018, 01:19:38 PM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on December 29, 2018, 01:22:33 PM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on December 29, 2018, 01:23:14 PM
I see the Kmart in Seven Hills (Cleveland), OH is finally closing.  Good news for Meijer who has been circling over the property like a vulture the last 6 months waiting to put their superstore there.

One of the earliest Kmarts I went to as a kid is still on life support -- Brunswick, OH -- I believe opened back in 1972.
Really? I think I've been in that Kmart before. It seems like kind of a small property for a Meijer store though.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on December 29, 2018, 01:44:59 PM
I see the Kmart in Seven Hills (Cleveland), OH is finally closing.  Good news for Meijer who has been circling over the property like a vulture the last 6 months waiting to put their superstore there.

One of the earliest Kmarts I went to as a kid is still on life support -- Brunswick, OH -- I believe opened back in 1972.
Really? I think I've been in that Kmart before. It seems like kind of a small property for a Meijer store though.
Meijer has smaller-footprint stores, although they suck and don’t last very long.
Title: Re: Sears-Kmart Death Watch
Post by: thenetwork on December 29, 2018, 04:16:12 PM
I see the Kmart in Seven Hills (Cleveland), OH is finally closing.  Good news for Meijer who has been circling over the property like a vulture the last 6 months waiting to put their superstore there.

One of the earliest Kmarts I went to as a kid is still on life support -- Brunswick, OH -- I believe opened back in 1972.
Really? I think I've been in that Kmart before. It seems like kind of a small property for a Meijer store though.

They are looking to get the whole city block, IIRC.  Also on that block is a small strip plaza, 2 or 3 fast food restaurants a self serve car wash and a bank.  Not sure how many of those are still in business, though.  This is off memory of 12 years ago.
Title: Re: Sears-Kmart Death Watch
Post by: hbelkins on December 29, 2018, 05:18:56 PM
Re: dollar stores. I saw something recently that may be the same thing US 71 saw. People complaining about them opening in less-affluent areas of cities. And yes, the laughable term "food desert" was used in that story. And I say "laughable" because while fresh ears of corn may not be available within a 10-minute walk of some people, canned corn certainly is. And you're not going to die of malnutrition or come down with scurvy or rickets if you're eating canned green beans instead of fresh ones that you have to string and break yourself.

Around here, dollar stores (mostly Dollar General, but to a lesser extent, Family Dollar as well) are expanding in small towns, near major intersections in rural counties, and close to employment centers such as factories or other facilities in industrial parks. The premise is that it's easy for people to run and get something that they need on their way home from work. Prices may be a little more expensive than Walmart, but oftimes the convenience is worth it. You don't have to deal with huge parking lots and crowded checkout lines. And around here, the dollar stores undercut independent grocery stores on a lot of canned or prepackaged items. If I can get the same item for $1 at Dollar General vs. $1.79 at the local IGA, guess where I'm buying it? The dollar stores also have a pretty good digital coupon program that, when combined with sales, means you can get everyday items like toilet paper, laundry detergent, etc., at deep discounts.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on December 29, 2018, 08:52:01 PM
I see the Kmart in Seven Hills (Cleveland), OH is finally closing.  Good news for Meijer who has been circling over the property like a vulture the last 6 months waiting to put their superstore there.

One of the earliest Kmarts I went to as a kid is still on life support -- Brunswick, OH -- I believe opened back in 1972.
Really? I think I've been in that Kmart before. It seems like kind of a small property for a Meijer store though.

They are looking to get the whole city block, IIRC.  Also on that block is a small strip plaza, 2 or 3 fast food restaurants a self serve car wash and a bank.  Not sure how many of those are still in business, though.  This is off memory of 12 years ago.
That would probably take some doing. I believe there are apartments both north and south of there. I'm kind of surprised that Kmart is closing since it's not really anywhere near a Walmart.
Title: Re: Sears-Kmart Death Watch
Post by: dvferyance on December 30, 2018, 07:40:31 PM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on December 30, 2018, 07:48:10 PM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.
Michigan has some places like that but where Lakeview Square is located there is already a lot of big box stores around there. There's a Walmart, Meijer, Target, Sam's Club, Best Buy, Menards, Lowe's and Kohl's all across the street.
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on December 30, 2018, 09:34:57 PM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.
Michigan has some places like that but where Lakeview Square is located there is already a lot of big box stores around there. There's a Walmart, Meijer, Target, Sam's Club, Best Buy, Menards, Lowe's and Kohl's all across the street.

Or just turn the tear-down property into a sports venue of some sort.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on December 30, 2018, 09:44:28 PM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.
Michigan has some places like that but where Lakeview Square is located there is already a lot of big box stores around there. There's a Walmart, Meijer, Target, Sam's Club, Best Buy, Menards, Lowe's and Kohl's all across the street.

Or just turn the tear-down property into a sports venue of some sort.
I haven't heard anything about future plans there but I think they want to try to bring in more traditional stores and mom and pop type stores that you can see from the outside. The main entrance to the mall is in between a Buffalo Wild Wings and Applebee's so they already have that and the stores in the mall are still there although not as many as before. I heard the city wants to try to bring a hotel in there and that they have a close relationship with the owners of the mall.
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on December 30, 2018, 09:45:27 PM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.
Michigan has some places like that but where Lakeview Square is located there is already a lot of big box stores around there. There's a Walmart, Meijer, Target, Sam's Club, Best Buy, Menards, Lowe's and Kohl's all across the street.

Or just turn the tear-down property into a sports venue of some sort.
I haven't heard anything about future plans there but I think they want to try to bring in more traditional stores and mom and pop type stores that you can see from the outside. The main entrance to the mall is in between a Buffalo Wild Wings and Applebee's so they already have that and the stores in the mall are still there although not as many as before. I heard the city wants to try to bring a hotel in there and that they have a close relationship with the owners of the mall.

I don’t know if that’s going to work out long-term, we shall see.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on December 30, 2018, 09:58:32 PM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.
Michigan has some places like that but where Lakeview Square is located there is already a lot of big box stores around there. There's a Walmart, Meijer, Target, Sam's Club, Best Buy, Menards, Lowe's and Kohl's all across the street.

Or just turn the tear-down property into a sports venue of some sort.
I haven't heard anything about future plans there but I think they want to try to bring in more traditional stores and mom and pop type stores that you can see from the outside. The main entrance to the mall is in between a Buffalo Wild Wings and Applebee's so they already have that and the stores in the mall are still there although not as many as before. I heard the city wants to try to bring a hotel in there and that they have a close relationship with the owners of the mall.

I don’t know if that’s going to work out long-term, we shall see.
I had already labeled it as a dead mall after it lost Macy's and JCPenney. It really isn't surprising that Sears is closing that location but now I guess it'll really be considered a dead mall. There is a Sears about 25 miles from Battle Creek in Portage but that doesn't help this situation.
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on December 30, 2018, 10:39:28 PM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.
Michigan has some places like that but where Lakeview Square is located there is already a lot of big box stores around there. There's a Walmart, Meijer, Target, Sam's Club, Best Buy, Menards, Lowe's and Kohl's all across the street.

Or just turn the tear-down property into a sports venue of some sort.
I haven't heard anything about future plans there but I think they want to try to bring in more traditional stores and mom and pop type stores that you can see from the outside. The main entrance to the mall is in between a Buffalo Wild Wings and Applebee's so they already have that and the stores in the mall are still there although not as many as before. I heard the city wants to try to bring a hotel in there and that they have a close relationship with the owners of the mall.

I don’t know if that’s going to work out long-term, we shall see.
I had already labeled it as a dead mall after it lost Macy's and JCPenney. It really isn't surprising that Sears is closing that location but now I guess it'll really be considered a dead mall. There is a Sears about 25 miles from Battle Creek in Portage but that doesn't help this situation.

I see.
Title: Re: Sears-Kmart Death Watch
Post by: cjk374 on January 01, 2019, 10:00:50 AM
What is a lifestyle center?
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on January 01, 2019, 10:34:53 AM
What is a lifestyle center?

Fancy name for an outdoor mall.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on January 01, 2019, 10:45:20 AM
What is a lifestyle center?

Fancy name for an outdoor mall.
Oh, a town center.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on January 01, 2019, 12:06:13 PM
What is a lifestyle center?

Fancy name for an outdoor mall.
Oh, a town center.

Sounds like a fancy name for a retirement home. 
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on January 01, 2019, 12:16:25 PM
What is a lifestyle center?

Fancy name for an outdoor mall.
Oh, a town center.

Sounds like a fancy name for a retirement home.
No, that’s “active community.”
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on January 01, 2019, 12:22:35 PM
What is a lifestyle center?

Fancy name for an outdoor mall.
Oh, a town center.

Sounds like a fancy name for a retirement home.
No, that’s “active community.”

But isn’t it a lifestyle to be active?
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on January 01, 2019, 12:41:27 PM
What is a lifestyle center?

Fancy name for an outdoor mall.
Oh, a town center.

Sounds like a fancy name for a retirement home.
No, that’s “active community.”

But isn’t it a lifestyle to be active?
Yeah, but then there’s also “sedentary lifestyle”
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on January 01, 2019, 01:22:54 PM
What is a lifestyle center?

Fancy name for an outdoor mall.
Oh, a town center.

Sounds like a fancy name for a retirement home.
No, that’s “active community.”

But isn’t it a lifestyle to be active?
Yeah, but then there’s also “sedentary lifestyle”

At the Homewood Lifestyle Center we promote an active environment so Mom and Dad can enjoy an fruitful life with other like minded seniors.  We offer rich educational courses taught by Sears University Professor and once declared “next Warren Buffet” Eddie Lampert.  Courses includes “how to manage your Hedge Fund” and “how to part out your assets for maximum profit.”
Title: Re: Sears-Kmart Death Watch
Post by: jeffandnicole on January 01, 2019, 02:01:19 PM
What is a lifestyle center?

Fancy name for an outdoor mall.
Oh, a town center.

Sounds like a fancy name for a retirement home.
No, that’s “active community.”

Hopefully it's a golf cart community.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on January 01, 2019, 02:10:28 PM
What is a lifestyle center?

Fancy name for an outdoor mall.
Oh, a town center.

Sounds like a fancy name for a retirement home.
No, that’s “active community.”

Hopefully it's a golf cart community.
"Alternative fuel community"
Title: Re: Sears-Kmart Death Watch
Post by: DaBigE on January 02, 2019, 12:29:42 AM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.

Hilldale (https://goo.gl/maps/CDbxR4cFygu) in Madison apparently didn't get the memo. Google hasn't captured the final stages of conversion from indoor to outdoor yet.
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on January 02, 2019, 08:46:29 AM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.

When Montgomery Ward went out of business, the former location at Yorktown Mall in Lombard, IL was turned into a lifestyle center. When the  Orland Park Place Mall (across the street from the more successful Orland Square mall in Orland Park, IL) went under the whole thing was converted to a lifestyle center. Hell, the newish from scratch Promenade in Bolingbrook IL was specifically built as a lifestyle center.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on January 02, 2019, 08:57:43 AM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.

When Montgomery Ward went out of business, the former location at Yorktown Mall in Lombard, IL was turned into a lifestyle center. When the  Orland Park Place Mall (across the street from the more successful Orland Square mall in Orland Park, IL) went under the whole thing was converted to a lifestyle center. Hell, the newish from scratch Promenade in Bolingbrook IL was specifically built as a lifestyle center.
Old Orchard has done just fine as an outdoor mall for the past 50-60 years.  The outdoor outlet malls in Aurora and Michigan City, IN and Pleasant Prairie, WI have done just fine (don't know what happened with the one in Huntley, though).
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on January 02, 2019, 09:30:59 AM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.

When Montgomery Ward went out of business, the former location at Yorktown Mall in Lombard, IL was turned into a lifestyle center. When the  Orland Park Place Mall (across the street from the more successful Orland Square mall in Orland Park, IL) went under the whole thing was converted to a lifestyle center. Hell, the newish from scratch Promenade in Bolingbrook IL was specifically built as a lifestyle center.
Old Orchard has done just fine as an outdoor mall for the past 50-60 years.  The outdoor outlet malls in Aurora and Michigan City, IN and Pleasant Prairie, WI have done just fine (don't know what happened with the one in Huntley, though).

The one in Huntley is dead and demolished.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on January 02, 2019, 10:39:46 AM
I may have said something about this earlier in the thread but Lakeview Square Mall in Battle Creek, Michigan once it's Sears closes will have no more anchor stores left. It's not in a bad location really either right next to I-94 at the M-66 exit.

I’d say tear it down and turn it into a power center or lifestyle center. Maybe even an outlet mall or something just to fill the void left by the tear down.
If it was in Florida or Texas I would agree with that but in Michigan? It can get pretty cold there during the winter months and that is when the busiest shopping season take place. Nobody is going to go to an outdoor lifestyle center when it's 10 degrees outside. I only go to indoor malls during the Christmas season not a good idea to build outdoor malls in cold weather climates.

When Montgomery Ward went out of business, the former location at Yorktown Mall in Lombard, IL was turned into a lifestyle center. When the  Orland Park Place Mall (across the street from the more successful Orland Square mall in Orland Park, IL) went under the whole thing was converted to a lifestyle center. Hell, the newish from scratch Promenade in Bolingbrook IL was specifically built as a lifestyle center.
Old Orchard has done just fine as an outdoor mall for the past 50-60 years.  The outdoor outlet malls in Aurora and Michigan City, IN and Pleasant Prairie, WI have done just fine (don't know what happened with the one in Huntley, though).

The one in Huntley is dead and demolished.
But it seems like it opened and closed in fairly short order, and I don't know why.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on January 02, 2019, 12:26:11 PM
But it seems like it opened and closed in fairly short order, and I don't know why.

It opened in 1994-95 or so.

Apparently, it was beat out by the other outlet centers in the area, Aurora and Gurnee Mills.  The one in Rosemont was the proverbial last nail in the coffin.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on January 02, 2019, 01:26:04 PM
It opened in 1994-95 or so.
Oh, well, I was wrong about that, then; it lasted about 20 years.
Title: Re: Sears-Kmart Death Watch
Post by: mgk920 on January 02, 2019, 08:54:08 PM
It opened in 1994-95 or so.
Oh, well, I was wrong about that, then; it lasted about 20 years.

Tempus Fugit.

 :wow:

Anyways, I wonder (seriously) if we should also start including JCPenney in this conversation - their share price went below $1 for the first time in the company's history last week Wednesday (2018-12-26).

Mike
Title: Re: Sears-Kmart Death Watch
Post by: ErmineNotyours on January 02, 2019, 11:10:14 PM
How long until Penny's stock is worth pennies?
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on January 03, 2019, 12:13:33 AM
Sears dead yet?  I haven't seen any new stories this week.
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on January 03, 2019, 12:19:13 AM
Sears dead yet?  I haven't seen any new stories this week.

It won’t be until the Fast Eddie scheme falls apart, which still has a semi-decent chance of happening.
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on January 03, 2019, 11:56:39 AM
I was just in the Sears in Rivertown Crossing in Grandville, Michigan (suburb of Grand Rapids). I walked in on the upper level and walked out on the lower level. There were a decent amount of people in the store but I walked through some parts of the store that were very dead too. I noticed more people on the lower level than the upper level. I also went into Woodland Mall on the other side of Grand Rapids which lost it's Sears (becoming a Von Maur in the fall of this year). Rivertown Crossing seemed to be busier than Woodland but it's also bigger than Woodland so it was kind of hard to tell. I went through Macy's to get into Rivertown and went through JCPenney to get into Woodland, both those stores seemed to be doing fine.
Title: Re: Sears-Kmart Death Watch
Post by: rawmustard on January 03, 2019, 01:38:08 PM
Sears dead yet?  I haven't seen any new stories this week.

The deadline for the advisors to accept ESL as a "qualified bidder" is tomorrow, while Lampert is also offering a smaller bid involving 250 stores (https://www.cnbc.com/2019/01/02/eddie-lampert-offers-to-save-sears-or-salvage-in-partial-liquidation.html) should the first be declared not viable. Regardless, all bidders will be involved in an auction on Jan 14.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on January 03, 2019, 01:59:30 PM
Sears dead yet?  I haven't seen any new stories this week.

The deadline for the advisors to accept ESL as a "qualified bidder" is tomorrow, while Lampert is also offering a smaller bid involving 250 stores (https://www.cnbc.com/2019/01/02/eddie-lampert-offers-to-save-sears-or-salvage-in-partial-liquidation.html) should the first be declared not viable. Regardless, all bidders will be involved in an auction on Jan 14.

Interesting, at this point hopefully one of the other bidders puts in a better offer and just lets Sears die.  It would be a shame to see Lampert and ESL make money from what surely will be a parting out of assets. 
Title: Re: Sears-Kmart Death Watch
Post by: PHLBOS on January 03, 2019, 04:09:55 PM
Sears dead yet?  I haven't seen any new stories this week.
Does anyone here think that the current Sears situation remind them of...
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on January 03, 2019, 04:17:42 PM
Sears dead yet?  I haven't seen any new stories this week.
Does anyone here think that the current Sears situation remind them of...

Does anyone remember the PC Game version of the movie?  There was a Tetris style “bring out your dead!” puzzler that was one of the best in-game secrets I’ve ever had the opportunity to stumble across.  Maybe old Eddie will bring the Holy Hand Gernade to the bankruptcy auction...
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on January 03, 2019, 05:00:30 PM
Sears dead yet?  I haven't seen any new stories this week.
Does anyone here think that the current Sears situation remind them of...

Does anyone remember the PC Game version of the movie?  There was a Tetris style “bring out your dead!” puzzler that was one of the best in-game secrets I’ve ever had the opportunity to stumble across.  Maybe old Eddie will bring the Holy Hand Gernade to the bankruptcy auction...

Yep.  I remember this.  I owned it and have been looking for a new copy ever since.
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on January 04, 2019, 06:59:06 PM
So it looks like that Sears is going to be liquidated as there is disapproval of Fast Eddie’s plan. Can’t say I’m surprised. RIP Sears.
Title: Re: Sears-Kmart Death Watch
Post by: mgk920 on January 04, 2019, 09:57:31 PM
So it looks like that Sears is going to be liquidated as there is disapproval of Fast Eddie’s plan. Can’t say I’m surprised. RIP Sears.

There were sign 'shaker' guys stationed on the streets around their Fox River Mall (Appleton, WI area) store when I was driving around there earlier today.

Mike
Title: Re: Sears-Kmart Death Watch
Post by: US71 on January 04, 2019, 11:12:03 PM
So it looks like that Sears is going to be liquidated as there is disapproval of Fast Eddie’s plan. Can’t say I’m surprised. RIP Sears.

There were sign 'shaker' guys stationed on the streets around their Fox River Mall (Appleton, WI area) store when I was driving around there earlier today.

Mike

I wonder if Fast Eddie will pay them?
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on January 06, 2019, 11:10:50 AM
So it looks like that Sears is going to be liquidated as there is disapproval of Fast Eddie’s plan. Can’t say I’m surprised. RIP Sears.

I’ll believe it when it’s offical. Knowing Eddie, he’ll find a way to string this along a little bit more. He could squeeze a buffalo until it farts a nickel.
Title: Re: Sears-Kmart Death Watch
Post by: wanderer2575 on January 06, 2019, 11:37:44 AM
So it looks like that Sears is going to be liquidated as there is disapproval of Fast Eddie’s plan. Can’t say I’m surprised. RIP Sears.

... He could squeeze a buffalo until it farts a nickel.

I'll absolutely have to add that to my collection of euphemisms.
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on January 06, 2019, 11:57:19 AM
So it looks like that Sears is going to be liquidated as there is disapproval of Fast Eddie’s plan. Can’t say I’m surprised. RIP Sears.

... He could squeeze a buffalo until it farts a nickel.

I'll absolutely have to add that to my collection of euphemisms.

It almost sounds like something the Angry Video Game Nerd would say. 
Title: Re: Sears-Kmart Death Watch
Post by: sbeaver44 on January 06, 2019, 12:30:39 PM
I went to the Carlisle, PA K Mart on Sat, Dec 29th, it and Hummelstown are both closing as the last K-Marts in the Harrisburg area. 

There were rumors that this store was built with the possibility that it would become a Super KMart, but that never happened.

When it was built, it would have been years, probably at least a decade, until Walmart and Target came to town.(https://uploads.tapatalk-cdn.com/20190106/abf770d213390d727e7e1518645ea56b.jpg)(https://uploads.tapatalk-cdn.com/20190106/263f1108aea982240eacb97ef68db288.jpg)(https://uploads.tapatalk-cdn.com/20190106/8a378422de604bd4c5ec772bb7a2c73a.jpg)(https://uploads.tapatalk-cdn.com/20190106/315511a868c3621ab266e7ba6d22686e.jpg)
Title: Re: Sears-Kmart Death Watch
Post by: cl94 on January 06, 2019, 01:54:07 PM
He could squeeze a buffalo until it farts a nickel.

Don't you mean "squeeze a nickel until the buffalo farts/shits"? That's the saying that's common.
Title: Re: Sears-Kmart Death Watch
Post by: SectorZ on January 06, 2019, 02:04:28 PM
https://finance.yahoo.com/news/sears-said-prepare-possible-liquidation-043659764.html

While not official news yet (as its per sources), it looks entirely likely that this week Sears will make a final and irrecoverable march towards liquidation. I imagine, if this is true, by the Spring Sears/K-Mart may likely be no more.
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on January 06, 2019, 02:52:32 PM
He could squeeze a buffalo until it farts a nickel.

Don't you mean "squeeze a nickel until the buffalo farts/shits"? That's the saying that's common.

I’m not common.
Title: Re: Sears-Kmart Death Watch
Post by: thenetwork on January 06, 2019, 09:50:12 PM
https://finance.yahoo.com/news/sears-said-prepare-possible-liquidation-043659764.html

While not official news yet (as its per sources), it looks entirely likely that this week Sears will make a final and irrecoverable march towards liquidation. I imagine, if this is true, by the Spring Sears/K-Mart may likely be no more.

It is ironic that the franchise (Sears) is the one who was the primitive version of today's Amazon.  At one point, you could order damn near anything from them -- including houses*  (*assembly required).   How they couldn't or didn't modernize that business model into the 21st Century surely is the fault of Lampert's failure to embrace and adapt to the future. 

They had the distribution centers and delivery networks already in place.  They could've converted the Kmart stores into neighborhood pick-up and delivery centers and move most of their products on-line for purchase, while keeping the Sears stores the places for people to touch and feel the tangibles that usually need to be seen in person (appliances, furniture and clothing).

I'm surprised how many stakeholders and board members drank the Fast-Eddie Kool-Aid and let him get away with what he did for so long without ousting him. 
Title: Re: Sears-Kmart Death Watch
Post by: ErmineNotyours on January 06, 2019, 09:58:07 PM
Perhaps the last innovating Sears did was sell their own brand of the Atari VCS (2600) as Tele-Games.  They even retitled some of the individual games for their own stores.  If only they had held on as the exclusive seller of Winnie the Pooh merchandise, they may still have been healthy today.
Title: Re: Sears-Kmart Death Watch
Post by: catch22 on January 07, 2019, 11:07:08 AM
Sears lines up liquidator:

https://www.reuters.com/article/us-sears-bankruptcy-liquidation/sears-picks-liquidator-should-rescue-talks-fall-through-sources-idUSKCN1P103R?il=0
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on January 07, 2019, 11:38:58 AM
Sears lines up liquidator:

https://www.reuters.com/article/us-sears-bankruptcy-liquidation/sears-picks-liquidator-should-rescue-talks-fall-through-sources-idUSKCN1P103R?il=0

About time, the ESL bid was just a money grab.  There isn't anything left to salvage outside of liquidating.
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on January 07, 2019, 12:03:40 PM
Perhaps the last innovating Sears did was sell their own brand of the Atari VCS (2600) as Tele-Games.  They even retitled some of the individual games for their own stores.  If only they had held on as the exclusive seller of Winnie the Pooh merchandise, they may still have been healthy today.

It goes back even a little further than that.  Atari had a home pong console they wanted to get into stores, but didn't have the money to do so. They reached out to sears, and they fronted the money. Years later, Nolan Bushnell approached sears for backing for the VCS / 2600, and the rest is history.

There was a Japanese version of the 2600 called the 3200 (if I am not mistaken,) which was not released in the US.  Sears released it as the Telegames II system.

(At one point Sears also sold the Intellivision as the Sears Super Video Arcade)
Title: Re: Sears-Kmart Death Watch
Post by: SP Cook on January 07, 2019, 02:23:57 PM
Perhaps the last innovating Sears did was sell their own brand of the Atari VCS (2600) as Tele-Games.  They even retitled some of the individual games for their own stores.  If only they had held on as the exclusive seller of Winnie the Pooh merchandise, they may still have been healthy today.

It goes back even a little further than that.  Atari had a home pong console they wanted to get into stores, but didn't have the money to do so. They reached out to sears, and they fronted the money. Years later, Nolan Bushnell approached sears for backing for the VCS / 2600, and the rest is history.

There was a Japanese version of the 2600 called the 3200 (if I am not mistaken,) which was not released in the US.  Sears released it as the Telegames II system.

(At one point Sears also sold the Intellivision as the Sears Super Video Arcade)

This was standard Sears procedure for all items in all market segments until, IIRC, about the late 80s.  Sears sold Sears (and Craftsman, Kenmore, et al) branded items.   If you bought a TV, it was a "Sears".  Now a quick study could figure out it was really a rebadged RCA or whatever, but that was Sears' way of doing things.  Same with clothes, hardlines, everything.

Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on January 07, 2019, 02:28:39 PM
(At one point Sears also sold the Intellivision as the Sears Super Video Arcade)
Were Intellvision games compatible with the Sears Super Video Arcade and vice versa?
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on January 07, 2019, 02:35:48 PM
(At one point Sears also sold the Intellivision as the Sears Super Video Arcade)
Were Intellivision games compatible with the Sears Super Video Arcade and vice versa?

Yes. It was just a rebranded Intellivision.  Radio Shack also sold the Intellivision under their own name, the Tandyvision.
Title: Re: Sears-Kmart Death Watch
Post by: mgk920 on January 07, 2019, 08:50:32 PM
Perhaps the last innovating Sears did was sell their own brand of the Atari VCS (2600) as Tele-Games.  They even retitled some of the individual games for their own stores.  If only they had held on as the exclusive seller of Winnie the Pooh merchandise, they may still have been healthy today.

It goes back even a little further than that.  Atari had a home pong console they wanted to get into stores, but didn't have the money to do so. They reached out to sears, and they fronted the money. Years later, Nolan Bushnell approached sears for backing for the VCS / 2600, and the rest is history.

There was a Japanese version of the 2600 called the 3200 (if I am not mistaken,) which was not released in the US.  Sears released it as the Telegames II system.

(At one point Sears also sold the Intellivision as the Sears Super Video Arcade)

This was standard Sears procedure for all items in all market segments until, IIRC, about the late 80s.  Sears sold Sears (and Craftsman, Kenmore, et al) branded items.   If you bought a TV, it was a "Sears".  Now a quick study could figure out it was really a rebadged RCA or whatever, but that was Sears' way of doing things.  Same with clothes, hardlines, everything.

And before then, before television (mainly during the 1930s and up to WWII), they sold broadcast radio receivers under the 'Silvertone' brand name.  They are regarded as good quality sets in antique radio hobbyist circles.

Mike
Title: Re: Sears-Kmart Death Watch
Post by: PAHighways on January 08, 2019, 08:41:10 AM
As "Dandy" Don Meredith used to sing, "Turn out the lights, the party's over":  https://www.cnbc.com/2019/01/06/sears-rejects-eddie-lamperts-bid-to-save-company-will-liquidate-.html

SM-G965U

Title: Re: Sears-Kmart Death Watch
Post by: US71 on January 08, 2019, 10:13:35 AM
As "Dandy" Don Meredith used to sing, "Turn out the lights, the party's over":  https://www.cnbc.com/2019/01/06/sears-rejects-eddie-lamperts-bid-to-save-company-will-liquidate-.html

SM-G965U



Been over for a long time, but Fast Eddie didn't want to turn out the lights
Title: Re: Sears-Kmart Death Watch
Post by: SP Cook on January 08, 2019, 10:44:30 AM
It's dead Jim. 

The "intelectual property" to brand names like "Sears" and its brands have a value and will be bought by someone, and many of the stores are owned by Sears and, depending on local conditions, many have value and will be sold, other will lie abandoned forever.
Title: Re: Sears-Kmart Death Watch
Post by: ErmineNotyours on January 08, 2019, 10:53:14 AM
Sears also innovated by partnering with IBM on Prodigy (https://en.wikipedia.org/wiki/Prodigy_(online_service)), an early online service that offered, among other services, shopping.
Title: Re: Sears-Kmart Death Watch
Post by: abefroman329 on January 08, 2019, 11:20:45 AM
https://finance.yahoo.com/news/sears-said-prepare-possible-liquidation-043659764.html

While not official news yet (as its per sources), it looks entirely likely that this week Sears will make a final and irrecoverable march towards liquidation. I imagine, if this is true, by the Spring Sears/K-Mart may likely be no more.

It is ironic that the franchise (Sears) is the one who was the primitive version of today's Amazon.  At one point, you could order damn near anything from them -- including houses*  (*assembly required).   How they couldn't or didn't modernize that business model into the 21st Century surely is the fault of Lampert's failure to embrace and adapt to the future. 

They had the distribution centers and delivery networks already in place.  They could've converted the Kmart stores into neighborhood pick-up and delivery centers and move most of their products on-line for purchase, while keeping the Sears stores the places for people to touch and feel the tangibles that usually need to be seen in person (appliances, furniture and clothing).

I'm surprised how many stakeholders and board members drank the Fast-Eddie Kool-Aid and let him get away with what he did for so long without ousting him.
It's also ironic that a chain that once relied heavily on in-store pickup of items purchased from the catalog bungled in-store pickup of orders placed online so badly.  For some ridiculous reason, I could pick up items purchased at kmart.com at Sears, but couldn't return them at Sears - and, at the time, the nearest Sears was a hell of a lot closer than the nearest Kmart.  That was the first and last time I purchased items at kmart.com or sears.com.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on January 08, 2019, 01:26:57 PM
It's dead Jim. 

The "intelectual property" to brand names like "Sears" and its brands have a value and will be bought by someone, and many of the stores are owned by Sears and, depending on local conditions, many have value and will be sold, other will lie abandoned forever.

Actually, this only affects the Kmart and Sears full-line stores.  Sears Outlets, Sears Appliances and Hardware, and Sears Hometown Stores are completely unaffected and will continue use of the name, having been spun off into a separate company a few years ago.
https://en.wikipedia.org/wiki/Sears_Hometown_and_Outlet_Stores
Title: Re: Sears-Kmart Death Watch
Post by: PAHighways on January 08, 2019, 01:37:08 PM
As "Dandy" Don Meredith used to sing, "Turn out the lights, the party's over":  https://www.cnbc.com/2019/01/06/sears-rejects-eddie-lamperts-bid-to-save-company-will-liquidate-.html

SM-G965U
It appears a bankruptcy judge has granted a stay of execution:  https://www.cnbc.com/2019/01/08/chairman-eddie-lampert-to-get-another-chance-to-save-sears-sources-say.html

SM-G965U

Title: Re: Sears-Kmart Death Watch
Post by: Brandon on January 08, 2019, 01:40:24 PM
As "Dandy" Don Meredith used to sing, "Turn out the lights, the party's over":  https://www.cnbc.com/2019/01/06/sears-rejects-eddie-lamperts-bid-to-save-company-will-liquidate-.html

It appears a bankruptcy judge has granted a stay of execution:  https://www.cnbc.com/2019/01/08/chairman-eddie-lampert-to-get-another-chance-to-save-sears-sources-say.html

What is this?  The execution skit from You Can't Do That On Television?
Title: Re: Sears-Kmart Death Watch
Post by: thenetwork on January 08, 2019, 01:48:42 PM
IHeartRadio is another company this week that may be saved for the umpteenth time in court.  Considering how they've ruined the radio medium, letting go hundreds if not thousands of jobs, they deserve to go under.
Title: Re: Sears-Kmart Death Watch
Post by: catch22 on January 08, 2019, 01:57:36 PM
As "Dandy" Don Meredith used to sing, "Turn out the lights, the party's over":  https://www.cnbc.com/2019/01/06/sears-rejects-eddie-lamperts-bid-to-save-company-will-liquidate-.html

It appears a bankruptcy judge has granted a stay of execution:  https://www.cnbc.com/2019/01/08/chairman-eddie-lampert-to-get-another-chance-to-save-sears-sources-say.html

What is this?  The execution skit from You Can't Do That On Television?

Or perhaps Monty Python's dead parrot sketch.

Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on January 08, 2019, 01:58:57 PM
As "Dandy" Don Meredith used to sing, "Turn out the lights, the party's over":  https://www.cnbc.com/2019/01/06/sears-rejects-eddie-lamperts-bid-to-save-company-will-liquidate-.html

It appears a bankruptcy judge has granted a stay of execution:  https://www.cnbc.com/2019/01/08/chairman-eddie-lampert-to-get-another-chance-to-save-sears-sources-say.html

What is this?  The execution skit from You Can't Do That On Television?

Now I think that Eddie Lamprey will request to keep fewer stores open - say 100 - for the same financial offerings.

Just kill it already.
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on January 08, 2019, 02:08:27 PM
So it looks like that Sears is going to be liquidated as there is disapproval of Fast Eddie’s plan. Can’t say I’m surprised. RIP Sears.

I’ll believe it when it’s offical. Knowing Eddie, he’ll find a way to string this along a little bit more. He could squeeze a buffalo until it farts a nickel.

It appears a bankruptcy judge has granted a stay of execution:  https://www.cnbc.com/2019/01/08/chairman-eddie-lampert-to-get-another-chance-to-save-sears-sources-say.html

SM-G965U

I see my skepticism was well-founded.
Title: Re: Sears-Kmart Death Watch
Post by: SP Cook on January 08, 2019, 02:10:24 PM


What is this?  The execution skit from You Can't Do That On Television?

It is how bankruptcy courts in the USA work.    The law is really biased (using that word in the good context) towards keeping companies going, because that theoretically equals jobs.  Even if 99 experts say it can't work, it will listen to the one guy that says he has a plan. 

Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on January 09, 2019, 12:11:13 PM
Eddie Lamprey has until 3 PM Central to submit a bit with $120 Million deposit.

Title: Re: Sears-Kmart Death Watch
Post by: US71 on January 09, 2019, 12:24:36 PM
Eddie Lamprey has until 3 PM Central to submit a bit with $120 Million deposit.


How many more stores does he need to close to have the money?   < /s >
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on January 10, 2019, 08:19:57 AM
https://www.cnbc.com/2019/01/09/eddie-lampert-reportedly-submits-revised-bid-of-roughly-5-billion-to-save-sears-from-liquidation.html (https://www.cnbc.com/2019/01/09/eddie-lampert-reportedly-submits-revised-bid-of-roughly-5-billion-to-save-sears-from-liquidation.html)
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on January 10, 2019, 08:56:01 AM
https://www.cnbc.com/2019/01/09/eddie-lampert-reportedly-submits-revised-bid-of-roughly-5-billion-to-save-sears-from-liquidation.html (https://www.cnbc.com/2019/01/09/eddie-lampert-reportedly-submits-revised-bid-of-roughly-5-billion-to-save-sears-from-liquidation.html)

Title: Re: Sears-Kmart Death Watch
Post by: Brandon on January 14, 2019, 01:03:03 PM
Today's the day...maybe.
https://www.foxbusiness.com/features/auction-day-for-sears-will-it-stay-or-go

But, there's another Sears that will survive, but for how long?
https://www.cnn.com/2019/01/14/business/sears-hometown-bankruptcy/index.html
Title: Re: Sears-Kmart Death Watch
Post by: US71 on January 14, 2019, 01:26:29 PM
As they say in opera, it's not over until the fat lady sings

(https://c8.alamy.com/comp/PDB06W/anna-bahr-mildenburg-brnnhilde-PDB06W.jpg)
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on January 15, 2019, 09:30:05 AM
https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1 (https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1)
Title: Re: Sears-Kmart Death Watch
Post by: US71 on January 15, 2019, 10:41:07 AM
https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1 (https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1)

Extending talks? Probably what Fast Eddie wanted.  He's pretending to care while he guts the company
Title: Re: Sears-Kmart Death Watch
Post by: jp the roadgeek on January 15, 2019, 10:49:38 AM
As they say in opera, it's not over until the fat lady sings

I think she's at the mic, her mouth is open, and she has inhaled.
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on January 15, 2019, 11:01:45 AM
https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1 (https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1)

Extending talks? Probably what Fast Eddie wanted.  He's pretending to care while he guts the company

The kicker is that the asshole wants protection from lawsuits.
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on January 15, 2019, 11:58:27 AM
https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1 (https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1)

Extending talks? Probably what Fast Eddie wanted.  He's pretending to care while he guts the company

The kicker is that the asshole wants protection from lawsuits.

Fast Eddie is , in essence, admitting guilt.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on January 15, 2019, 12:35:57 PM
https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1 (https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1)

Extending talks? Probably what Fast Eddie wanted.  He's pretending to care while he guts the company

The kicker is that the asshole wants protection from lawsuits.

Fast Eddie is , in essence, admitting guilt.

He seems desperate to "save" the company himself.
Title: Re: Sears-Kmart Death Watch
Post by: catch22 on January 15, 2019, 08:37:24 PM
Looks like they're still talking.  Decision may be pushed off until tomorrow (Wed. 1/16) per this story.

https://www.reuters.com/article/us-sears-bankruptcy-auction/sears-chairmans-takeover-proposal-faces-moment-of-truth-idUSKCN1PA02P

Title: Re: Sears-Kmart Death Watch
Post by: txstateends on January 16, 2019, 01:47:20 AM
Looks like they're still talking.  Decision may be pushed off until tomorrow (Wed. 1/16) per this story.

https://www.reuters.com/article/us-sears-bankruptcy-auction/sears-chairmans-takeover-proposal-faces-moment-of-truth-idUSKCN1PA02P

....and the can gets kicked down the road a bit more?


Title: Re: Sears-Kmart Death Watch
Post by: LM117 on January 16, 2019, 02:08:10 AM
Looks like they're still talking.  Decision may be pushed off until tomorrow (Wed. 1/16) per this story.

https://www.reuters.com/article/us-sears-bankruptcy-auction/sears-chairmans-takeover-proposal-faces-moment-of-truth-idUSKCN1PA02P

Does anybody else find it ironic that the bankruptcy judge’s last name in this case is Drain?
Title: Re: Sears-Kmart Death Watch
Post by: catch22 on January 16, 2019, 06:10:45 AM
Speaking of kicking the can down the road, looks like there's a tentative deal, subject to review by the court.

https://www.reuters.com/article/us-sears-bankruptcy-lampert-idUSKCN1PA0SW
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on January 16, 2019, 09:49:45 AM
Speaking of kicking the can down the road, looks like there's a tentative deal, subject to review by the court.

https://www.reuters.com/article/us-sears-bankruptcy-lampert-idUSKCN1PA0SW

Of course there is. :rolleyes:
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on January 17, 2019, 09:11:43 AM
And the deal was approved.

https://www.reuters.com/article/us-sears-bankruptcy-lampert/sears-chairman-prevails-in-bankruptcy-auction-for-retailer-with-5-2-billion-bid-sources-idUSKCN1PA0SW

Title: Re: Sears-Kmart Death Watch
Post by: rawmustard on January 18, 2019, 08:22:01 AM
And the deal was approved.

https://www.reuters.com/article/us-sears-bankruptcy-lampert/sears-chairman-prevails-in-bankruptcy-auction-for-retailer-with-5-2-billion-bid-sources-idUSKCN1PA0SW

The deal was accepted by the Sears board, but there's still a court hearing scheduled for Feb 1 when unsecured creditors will air their grievances (https://www.cnbc.com/2019/01/17/sears-unsecured-creditors-object-to-lamperts-deal-to-save-company.html).
Title: Re: Sears-Kmart Death Watch
Post by: Takumi on January 20, 2019, 04:48:24 PM
I went in the soon-to-be-closed Sears at Virginia Center Commons yesterday. It was almost completely empty, with just a few racks of things in two separate parts of the store. The mall itself is dying as well, though the businesses around it seem to be thriving.
Title: Re: Sears-Kmart Death Watch
Post by: txstateends on January 20, 2019, 08:04:30 PM
The mall itself is dying as well, though the businesses around it seem to be thriving.

Strangely how Collin Creek Mall, in Plano, north of Dallas, is these days.  The mall is in an area where there are busy storefronts and restaurants along US 75, and near mixed-use developments that have come along since, but the mall is as sad as I've ever seen it.  Even though further-flung malls and centers have opened since Collin Creek, which many say is a big reason for its decline, I still think that uncaring/listless/lazy mall management didn't help anything there along the way.  Most of the lost or torn-down malls in north TX have ended up like that.  A new buyer has come along for Collin Creek to try to re-develop it.  It's a big hole to fill on a busy highway right near downtown.  Hope something can be done.  As for the topic, I think there may be 3 or 4 Sears left in north TX, while Kmart has been gone from the landscape for quite some time now.
Title: Re: Sears-Kmart Death Watch
Post by: Takumi on January 20, 2019, 09:28:23 PM
There’s one more Sears in the Richmond area, to my knowledge, at Chesterfield Town Center in the Midlothian/Bon Air area. It hasn’t ever looked particularly busy when I’ve been there, but it also wasn’t completely dead.
Title: Re: Sears-Kmart Death Watch
Post by: catch22 on February 07, 2019, 04:10:10 PM
Bankruptcy judge approves sale of Sears to ESL hedge fund:

https://www.cnn.com/2019/02/07/investing/sears-decision/index.html

I guess we need to extend the death watch a while longer.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on February 07, 2019, 08:44:23 PM
Bankruptcy judge approves sale of Sears to ESL hedge fund:

https://www.cnn.com/2019/02/07/investing/sears-decision/index.html

I guess we need to extend the death watch a while longer.


Fast Eddie hasn't ruined the company enough yet
Title: Re: Sears-Kmart Death Watch
Post by: LM117 on February 23, 2019, 10:49:06 AM
https://www.foxbusiness.com/retail/eddie-lamperts-new-plan-for-sears-including-possibly-going-public (https://www.foxbusiness.com/retail/eddie-lamperts-new-plan-for-sears-including-possibly-going-public)
Title: Re: Sears-Kmart Death Watch
Post by: US71 on February 23, 2019, 11:15:01 AM
https://www.foxbusiness.com/retail/eddie-lamperts-new-plan-for-sears-including-possibly-going-public (https://www.foxbusiness.com/retail/eddie-lamperts-new-plan-for-sears-including-possibly-going-public)

Go public, take peoples' money to "rebuild", run the company into the ground again and walk away.
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on February 23, 2019, 11:25:32 AM
https://www.foxbusiness.com/retail/eddie-lamperts-new-plan-for-sears-including-possibly-going-public (https://www.foxbusiness.com/retail/eddie-lamperts-new-plan-for-sears-including-possibly-going-public)

Go public, take peoples' money to "rebuild", run the company into the ground again and walk away.

By which point the company and stores will be no more.
Title: Re: Sears-Kmart Death Watch
Post by: roadman65 on September 04, 2019, 12:20:20 PM
I could not believe that the Watchung, NJ Sears closed two years ago and already is redeveloped.

It was one of the few freestanding Sears not anchored to a mall that was in the state.  It was built in 1965 and even had its own unique traffic signal on Terrell Road for its entrance.  It used mono tube mast arms which at the time NJ was using either double guys or truss style arms. So it stood out as well as the fact it served no streets and used to flash on Sundays when Somerset County observed the old Blue Laws.

Anyway sad to see the building gone as we used to shop there a lot when I was a kid.
Title: Re: Sears-Kmart Death Watch
Post by: RobbieL2415 on September 04, 2019, 12:51:27 PM
https://www.foxbusiness.com/retail/eddie-lamperts-new-plan-for-sears-including-possibly-going-public (https://www.foxbusiness.com/retail/eddie-lamperts-new-plan-for-sears-including-possibly-going-public)
The last new, from-the-ground-up, Kmart opened in 2002 in Somers Point, NJ.  And its closing at the end of the year.
Title: Re: Sears-Kmart Death Watch
Post by: jeffandnicole on September 04, 2019, 12:54:05 PM
I could not believe that the Watchung, NJ Sears closed two years ago and already is redeveloped.

It was one of the few freestanding Sears not anchored to a mall that was in the state.  It was built in 1965 and even had its own unique traffic signal on Terrell Road for its entrance.  It used mono tube mast arms which at the time NJ was using either double guys or truss style arms. So it stood out as well as the fact it served no streets and used to flash on Sundays when Somerset County observed the old Blue Laws.

Anyway sad to see the building gone as we used to shop there a lot when I was a kid.

As they are closing the stores basically to sell the real estate, sounds like this is the way it should be done.  When my local Sears closed, construction started very soon thereafter to remodel both the 1st and 2nd floors for businesses moving in.  As transaction deals, and township permits and approvals, can take quite a while to finalize, this is an indication that this particular Sears closed due to willing buyer(s) ready to purchase the store.  Also notable in New Jersey is the limited availability of liquor licenses, and one was scooped up by the mall around this same time period.  They wouldn't spend the money without a deal in place.

Obviously not all closings are done in this respect, but it seems as if they can quickly sell off the store I would imagine that is their preferred option.

Based on this, I imagine those in the know, on a need-to-know basis, are aware of Sears/Kmart closings well before any news about such closing is made...definitely months if not years in advance.
Title: Re: Sears-Kmart Death Watch
Post by: roadman65 on September 04, 2019, 03:50:37 PM
The article I researched showed that someone other than Sears owned the land.  So I assume Sears leased the land and not owned it.

However, Vernado, who used to own Two Guys of Harrison, did that as they closed the stores to actually lease the real estate and made more revenue as landlords than being in the retail industry.  Two Guys basically was a Walmart with even a grocery store inside of it.  Had sold liquor (although not all Walmarts sell booze), had a lumber store (which Walmart does not dabble in) and auto parts and light servicing.   

So yes real estate is more valuable than anything retail can provide especially Sears let themselves go over the decades.
Title: Re: Sears-Kmart Death Watch
Post by: In_Correct on September 04, 2019, 07:30:06 PM
I really do not know, but I voted in the middle. 2 Years. I do not think it will be around longer than 2 years. How ever, there is The Kresge Foundation that might be around longer. Some of the other things that Sebastian Kresge did might still continue to be around. I am going to type the rest of my comments about Sears, K Mart, and competitions from other rival stores in the other "More K Mart Stores Closing" discussion.
Title: Re: Sears-Kmart Death Watch
Post by: Pink Jazz on September 05, 2019, 10:16:20 AM
Speaking of Sears, I heard the clothing brand Arrow has cut its ties with Sears after so many years of being together. Many younger people today often mistake Arrow for being a Sears private label even though the brand is actually owned by fashion giant PVH. I heard they are expanding their relationship with Kohl's.
Title: Re: Sears-Kmart Death Watch
Post by: roadman65 on September 06, 2019, 10:30:51 AM
I remember getting depressed every time my mom took us to Sears before school started.  Sears used to have a running annual marketing slogan: First to Sears, Then to School. 

That used to depress me as that always signaled that summer vacation was almost over.

Anyway I also think that Sears brand Kenmore was also a Whirlpool appliance as that manufacturer had contract with Sears to make it with the Kenmore name for Sears to sell as their very own.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on September 06, 2019, 10:38:12 AM
I remember getting depressed every time my mom took us to Sears before school started.  Sears used to have a running annual marketing slogan: First to Sears, Then to School. 

That used to depress me as that always signaled that summer vacation was almost over.

Anyway I also think that Sears brand Kenmore was also a Whirlpool appliance as that manufacturer had contract with Sears to make it with the Kenmore name for Sears to sell as their very own.

Yes, Kenmore appliances were typically just another sales channel for Whirlpool.  Not that it was a bad one.  They were usually pretty good appliances.
Title: Re: Sears-Kmart Death Watch
Post by: inkyatari on September 06, 2019, 11:15:18 AM

Anyway I also think that Sears brand Kenmore was also a Whirlpool appliance as that manufacturer had contract with Sears to make it with the Kenmore name for Sears to sell as their very own.

Sears was the king of home branded merchandise made by others.  They sold anything Atari under their tele-games label.

Atari has an interesting history with Sears.  The video game industry would probably look quite different if it hadn't been for Sears.
Title: Re: Sears-Kmart Death Watch
Post by: ozarkman417 on September 06, 2019, 11:32:40 AM
I'm surprised my local Sears is still open, and I got cringe-worthy KMart back to school ads before they all went under in my area. Why show an ad for a business that doesn't exist in your area?
Title: Re: Sears-Kmart Death Watch
Post by: Max Rockatansky on September 06, 2019, 11:41:51 AM
I'm surprised my local Sears is still open, and I got cringe-worthy KMart back to school ads before they all went under in my area. Why show an ad for a business that doesn't exist in your area?

Paper or online?  If it was online then you probably signed up for ads once somehow. 
Title: Re: Sears-Kmart Death Watch
Post by: SP Cook on September 06, 2019, 11:45:50 AM
Why show an ad for a business that doesn't exist in your area?

The USPS, which charges you and me by the ounce, charges junk mailers by the ton.  It is often cheaper to mail every address in a zip code zone, or even everyone in the state or DMA than to put thought into who might actually take advantage of the offers.  I get ads all the time for businesses that are not geographically logical for my home.
Title: Re: Sears-Kmart Death Watch
Post by: PAHighways on September 06, 2019, 11:54:24 AM
https://pittsburgh.cbslocal.com/2019/09/05/western-pennsylvania-sears-kmart-additional-closures/

The last Sears in SW PA will be shuttered, and only 1 K-Mart will be left.

SM-G965U

Title: Re: Sears-Kmart Death Watch
Post by: SteveG1988 on September 06, 2019, 11:56:01 AM
I visited the newest k-mart.... *does a clarkson voice* in the country. And it was sad.

This store will be closing this fall, Somers Point NJ, 2003-2019.

(https://i.imgur.com/vUefVkH.jpg)

(https://i.imgur.com/uO5a4HJ.jpg)

(https://i.imgur.com/sfsKDBO.jpg)

(https://i.imgur.com/6YITEIl.jpg)
Title: Re: Sears-Kmart Death Watch
Post by: ozarkman417 on September 06, 2019, 11:56:52 AM
I'm surprised my local Sears is still open, and I got cringe-worthy KMart back to school ads before they all went under in my area. Why show an ad for a business that doesn't exist in your area?

Paper or online?  If it was online then you probably signed up for ads once somehow.
Back when I actually watched live TV, they were aired there. That was the point in my life where I watched Cartoon Network and Nick a lot, so I suppose KMart did the right thing when choosing their audience.
Title: Re: Sears-Kmart Death Watch
Post by: GCrites80s on September 06, 2019, 10:12:32 PM

Anyway I also think that Sears brand Kenmore was also a Whirlpool appliance as that manufacturer had contract with Sears to make it with the Kenmore name for Sears to sell as their very own.

Sears was the king of home branded merchandise made by others.  They sold anything Atari under their tele-games label.

Atari has an interesting history with Sears.  The video game industry would probably look quite different if it hadn't been for Sears.

That goes to show how much power Sears had in retail at the time. 40 years on the average person coming into work has no idea how this worked. It definitely makes it more of a challenge for us to sell the Sears Tele-Games products when they come in. Customers want the VCS/2600 to be just like the one they had when they were younger (even the VCS vs. 2600 discussion can be a challenge when selling a Vader to someone who had a Woody) and the Tele-Games look with the bird's-eye maple and silver bezel really throws them off. Never mind the different names on some of the cartridges such as Target Fun and the Pong variants. Oh and forget about trying to get $120 for a Sears Heavy Sixer; just try to get rid of it for the price of the later versions.
Title: Re: Sears-Kmart Death Watch
Post by: roadman65 on September 06, 2019, 11:09:06 PM
I'm surprised my local Sears is still open, and I got cringe-worthy KMart back to school ads before they all went under in my area. Why show an ad for a business that doesn't exist in your area?
Red Robin Hamburgers used to have ads in Orlando long before they had stores opened in Florida even.
Title: Re: Sears-Kmart Death Watch
Post by: RobbieL2415 on September 08, 2019, 11:09:41 AM
I'm surprised my local Sears is still open, and I got cringe-worthy KMart back to school ads before they all went under in my area. Why show an ad for a business that doesn't exist in your area?
Red Robin Hamburgers used to have ads in Orlando long before they had stores opened in Florida even.
So did Sonic in CT.
Title: Re: Sears-Kmart Death Watch
Post by: Big John on September 09, 2019, 04:16:25 PM
^^So did Chick-Fil-A in Wisconsin, but I see they are building one in Appleton.
Title: Re: Sears-Kmart Death Watch
Post by: amroad17 on September 09, 2019, 04:43:06 PM
Sears has closed at Florence Mall.  One anchor gone--officially a dying mall.  Also, found out the K-Mart in Edgewood, KY will be closing in 2020.
Title: Re: Sears-Kmart Death Watch
Post by: Brandon on September 09, 2019, 05:52:44 PM
Sears has closed at Florence Mall.  One anchor gone--officially a dying mall.  Also, found out the K-Mart in Edgewood, KY will be closing in 2020.

A single missing anchor does not a dying mall make.
Title: Re: Sears-Kmart Death Watch
Post by: kevinb1994 on September 09, 2019, 06:09:22 PM
Sears has closed at Florence Mall.  One anchor gone--officially a dying mall.  Also, found out the K-Mart in Edgewood, KY will be closing in 2020.
A single missing anchor does not a dying mall make.
OTOH, that may not be the case in a major city such as Cincy or Jax due to economics of scale.
Title: Re: Sears-Kmart Death Watch
Post by: mgk920 on September 09, 2019, 08:44:12 PM
^^So did Chick-Fil-A in Wisconsin, but I see they are building one in Appleton.

That outlet, actually in an unincorporated area just west of the city, opened a couple of weeks ago.  They've had an outlet in Racine for many years now and opened a couple in suburban Milwaukee within the past couple of years.

I'll wait until their novelty wears off a bit before I check them out - the lines continue to be too wackoly long.

 :-o

Mike
Title: Re: Sears-Kmart Death Watch
Post by: hbelkins on September 09, 2019, 08:50:05 PM
Sears has closed at Florence Mall.  One anchor gone--officially a dying mall.  Also, found out the K-Mart in Edgewood, KY will be closing in 2020.

A single missing anchor does not a dying mall make.

True dat. Wife and sister-in-law were there a few weeks ago, for the first time in years, and reported it to be booming.

If every mall with a Sears is officially a dying mall, then a whole lot of malls are dying -- even some that are doing very well.
Title: Re: Sears-Kmart Death Watch
Post by: DaBigE on September 09, 2019, 08:52:23 PM
^^So did Chick-Fil-A in Wisconsin, but I see they are building one in Appleton.

That outlet, actually in an unincorporated area just west of the city, opened a couple of weeks ago.  They've had an outlet in Racine for many years now and opened a couple in suburban Milwaukee within the past couple of years.

I'll wait until their novelty wears off a bit before I check them out - the lines continue to be too wackoly long.

 :-o

Mike

Madison has one near East Towne and West Towne malls. East Towne also recently got a Portillos
Title: Re: Sears-Kmart Death Watch
Post by: Rothman on September 09, 2019, 08:59:18 PM
For some reason, they put the Chick-Fil-A in Latham, NY behind security at the Albany International Airport.
Title: Re: Sears-Kmart Death Watch
Post by: Scott5114 on September 11, 2019, 04:00:35 AM
I visited the newest k-mart.... *does a clarkson voice* in the country. And it was sad.

That's actually really nice for a Kmart.

(https://i.imgur.com/sfsKDBO.jpg)

That scroll under the Electronics header...guessing you couldn't actually buy a VCR...
Title: Re: Sears-Kmart Death Watch
Post by: jeffandnicole on September 11, 2019, 05:23:56 AM
Sears has closed at Florence Mall.  One anchor gone--officially a dying mall.  Also, found out the K-Mart in Edgewood, KY will be closing in 2020.

That would mean malls were dying in the 1980's, when anchors were closing then too.  True for a few of them, not true for the vast majority.  The Sears closures are just an unusual way of closing out a store, combined with the fact that Sears often owns the actual building and real estate attached to many malls.

I visited the newest k-mart.... *does a clarkson voice* in the country. And it was sad.

That's actually really nice for a Kmart.

(https://i.imgur.com/sfsKDBO.jpg)

That scroll under the Electronics header...guessing you couldn't actually buy a VCR...

Heck, I doubt you could really buy a stereo and video camera as well!  Maybe they'll eventually get cell phones in someday in the electronics section though!   :-D :-D
Title: Re: Sears-Kmart Death Watch
Post by: mgk920 on September 12, 2019, 01:19:35 AM
Those items really do look so sad and lonely....

 :no:

Mike
Title: Re: Sears-Kmart Death Watch
Post by: ftballfan on September 12, 2019, 09:04:02 AM
I visited the newest k-mart.... *does a clarkson voice* in the country. And it was sad.

This store will be closing this fall, Somers Point NJ, 2003-2019.

(https://i.imgur.com/vUefVkH.jpg)

(https://i.imgur.com/uO5a4HJ.jpg)

(https://i.imgur.com/sfsKDBO.jpg)

(https://i.imgur.com/6YITEIl.jpg)
It never got the current logo on its entrance! Is it near any other big box stores (such as Walmart or Target)?
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on September 12, 2019, 09:27:51 AM
Kmart will not be missed. Their stores are dumps and very outdated.
Title: Re: Sears-Kmart Death Watch
Post by: US71 on September 12, 2019, 09:57:52 AM
Kmart will not be missed. Their stores are dumps and very outdated.
S.S. Kresge is probably rolling over in his grave
Title: Re: Sears-Kmart Death Watch
Post by: Flint1979 on September 12, 2019, 10:31:22 AM
Kmart will not be missed. Their stores are dumps and very outdated.
S.S. Kresge is probably rolling over in his grave
I would be too.