Sears is running out of time

[vinnie]

 

[vinnie]

Here's a 1950's Sears Catalog Ad :scared

 

[SixFive]

I never buy clothes online(way too particular about how shit fits)....but I do quite a bit of my clothes shopping at kohls(practically all,aside from formal dress clothes,which I`ll only wear to funerals) ...kohls is the only store I can think of that has a nice selection of reasonable quality casual men`s clothes at a fair price(they go out of bidness I`d probably go bare-assed)...the "macy`s" and "lord and taylors" of the world are shit(who the hell are the buyers for those places?).......

I always wish for a common body and shoe size when I shop. I don't shop in stores bc nothing fits including shoes. I buy my shoes online too. If they don't fit, I ship back with the free label and try again. Win/win proposition.

 

[Old School]

Department Stores Need to Close Hundreds of Sites, Research Firm Says

http://www.msn.com/en-us/money/comp...ndreds-of-sites-research-firm-says/ar-BBsc44y


http://www.msn.com/en-us/news/money/3-retailers-that-should-just-call-it-quits/ss-BBshIm9



This past weekend, Green Street Advisors called out a handful of retailers that had simply lost more than their fair share of sales per square foot -- a key measure of productivity among retailers -- since 2006, when online shopping reached a critical mass and began to take a real toll on brick and mortar retailing.

Not surprisingly, Sears Holdings Corp (SHLD) earned a spot on the list. The once-iconic retailer has turned an operation that was driving $49 billion worth of sales as of 2006 into an outfit that only did $25 billion worth of business last year. While Sears has closed stores at a pretty good clip during that time, sales have fallen at a much faster pace than store closures have mounted.

Also making Green Street's list of big losers was Macy's (M) and JCPenney Company (JCP).

Your 2016 Retirement Spring Cleaning Checklist

Those three names aren't necessarily the most dire lost causes within the world of retailers, however. Here's a closer look at the three names that should hang it up before they do any more damage to themselves, or to shareholders.

......................................................................................

Sears Holdings Corp. alone would need to close 300, or 43%, of its Sears stores to regain the sales per square foot it had in 2006, adjusted for inflation, according to Green Street.?Department stores used to be a great catchall for different brands, but today many of the brands have stores of their own, and shoppers can also find them online,? said DJ Busch, a senior Green Street analyst.
Sears and other retailers including Macy?s Inc. and J.C. Penney Co. have closed hundreds of stores in recent years as business has shifted to discounters or online merchants like Amazon.com Inc. But the closures haven?t been enough to offset a drop in sales, Green Street said.
Sales at the nation?s department stores averaged $165 a square foot last year, a 24% drop since 2006, according to company disclosures and Green Street estimates. Over the same period, the stores reduced their physical footprint by 7% in aggregate.
Some chains have moved faster to cull their fleets than others. On Thursday, Sears said it would close 78 stores, including 68 Kmarts, this summer, part of a plan announced in February to ?accelerate the closing of unprofitable stores.? But Penney has only closed seven stores this year out of a base of more than 1,000.
Green Street estimates that Penney would need to close a total of 320 locations, or 31% of its stores to return to its 2006 productivity levels, while Nordstrom Inc. would need to shutter 30 stores, or a quarter of its footprint. By comparison, Macy?s, which closed 40 stores last year, would only need to eliminate a further 70 locations, or 9% of its base, Green Street estimates.

 

[Box and one]

Say goodbye to the Fordham Road Sears, but say hello to a brand new plaza. Bronx,NY

Sears, once a retail-titan, will soon leave its long-standing location on 404 East Fordham Road after almost eight decades, according to published reports.

NY Daily News..

Think it was 1957 or '58......my mother and my aunt take me and my cousin to Sears on Fordham Road......they had just put an escalator in....steps that move...I'm 6 or 7 yrs old....my cousin and I for the next two hours as our mothers shopped just rode up and down that escalator.....it was unreal...moving steps... we both told that story to all our kids at a few years back at a Christmas party....they didn't believe us...

NYC has only 2 Sears left..both in Brooklyn

 

[Dead Money]

I try my shoes on at the local store, get sized properly, than
buy them on-line for 40-60% off....plus free shipping.....

I can see malls converted to condos or senior living in the not too far away future.....you have the theaters, walk areas, food courts, security, in place.

My first visit to a mall (1962) me and some friends got stuck in an elevator with a box of donuts purchased for a party...the donuts did not survive the 2 hour ordeal....:hbd:

 

[Old School]

whole lot changing as we baby boomers continue to age..

still better stay off my lawn.....

 

[Eddie Haskell]

Brick and mortar retail as well as banks are going by way of the dinosaurs. Business model cannot compete with little costs online companies. As far as banks go, good fucking riddance to those fucking pukes. We never should have bailed them out eight years ago.

Eddie

 

[Old School]

Sears is on the brink of catastrophe

Business Insider Hayley Peterson<time abp="294" datetime="2016-12-04T07:46:00.000Z" data-always-show="true">5 hrs ago

good read...long but good

company is shutting down dozens of Kmart stores this month and two of its highest-ranking executives left this week in the midst of the key holiday shopping season.
This comes following speculation among Sears and Kmart employees, suppliers, and several banks that the retailer will soon go bankrupt ? something Sears has repeatedly dismissed.

Jeff Balagna, formerly Sears' executive vice president, left the company Wednesday, "in order to focus on his other business interests and pursue other career opportunities," Sears said in an SEC filing dated November 23

</time>

 

[Trampled Underfoot]

Who shops at Sears anymore? Been 20 years since i've been inside one let alone bought anything.

 

[T]

Purchased a Radial Arm Saw in 1974 Lifetime Warranty back then. Motor burned out last summer. They told me to take a hike !!!

Mr I drop 2 dimes a game but you try to warranty a saw from 42 years ago....:142smilie

Something is wrong with that picture...

 

[hammer1]

Mr I drop 2 dimes a game but you try to warranty a saw from 42 years ago....:142smilie

Something is wrong with that picture...

And what would that be ???????? """""Lifetime""""" means lifetime........Sears tools to this day have lifetime warranties. 100,000 mile warranty means 100,000 miles not 56 72 or what ever.. Is that clear lil fella !!!! Now what else are you lost or confused about that i can help you with.?? As always I am here ta help "Porkchop"

 

[Morris]

And what would that be ???????? """""Lifetime""""" means lifetime........Sears tools to this day have lifetime warranties. 100,000 mile warranty means 100,000 miles not 56 72 or what ever.. Is that clear lil fella !!!! Now what else are you lost or confused about that i can help you with.?? As always I am here ta help "Porkchop"

I believe the "Lifetime Warranty" applies to hand tools not power tools.

 

[Dead Money]

I have purchased many things from NFL shops but will no more, bought a jersey, washed it like I regularly do and the fucker ripped across the back a big one, so I was able to easily rip the sleeve by hand and deducted that I got a dud, talked to the lady and she even said that they would give me refund, so I said if that's the case I'll just order a new one to be sent and then they can refund the on they get back and they sent a return label with the jersey they sent. Ok so no refund I call and they say it can take 30 days and i said ok, waited about 35 days and they say oh no refund? I'm like why not and they said its not in their policy, "all items returned have to be returned in same condition they were sent out." I said its not my fault the material wasn't good and he said I'm sorry that's the policy and I'm like I wouldn't have returned it, I've bought all kinds of shit from them and never a rip or anything. Don't ya think the jersey was made from bad fabric and then he said is there anything else I can help ya with and I just said they lost a customer but a company like that doesn't give a shit.

Minny Favre jersey my guess? :142smilie

 

[T]

I believe the "Lifetime Warranty" applies to hand tools not power tools.

You can't help the stupid...

https://www.craftsman.com/customer-care/warranty-information

:mj07:

 

[Terryray]

Most mechanics hand tools have always been lifetime. But Sears goes by what was printed on the box your purchased item came in. If you don't have that old box, then they go by what the item's box on the shelf in store currently sez. For example, some gardening tools used to have a 25 year warranty, but have not been such in recent years. If you don't have the original box, and the new box in store disagrees with your memory, and you raise a fuss, the manager can sometimes 'research' the item's warranty history. Or they tell you to call the 800#

stuff designed to wear out or get old and die under normal use, like drill bits and replaceable saw blades, obviously don't come with a lifetime warranty.

And yes, to be clear, power tools have never ever been sold by Sears with a lifetime warranty.

 

[MadJack]

I'm not going to look it up but I'm curious.

Going back to Sears good days what was their yearly sales and how does that compare to yearly sales for Amazon?

Anybody know ballpark figures off the top of your head. It's not even close I bet.

I buy everything online. I even have bought from Sears online when their local store was still open. I have a Kohls about 3 miles from home but I buy a lot of clothes from them online to try on at home and take way more than half back to the local store.

It's convenient.

I have almost zero need for brick and mortar stores anymore.

 

[Handi Capper]

I have almost zero need for brick and mortar stores anymore.

even with jewelry items :0003

 

[MadJack]

even with jewelry items :0003

No,can'tdothat
No, can't do that. I would for myself but I don't wear the shit. :0003

 

[Wineguy]

even with jewelry items :0003

:mj07:

Hey Alan, speaking of which, do you know any local jewelry store owners here in Atlanta from your past dealings? Any Ma and Pa shops? I want to get a 1.0 carat diamond off a necklace that never gets worn and replace it in the center of a school ring. Can this be done pretty easily? Can I get your cell number into reputation or have Jack give you mine? Thank you.