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Sears files for bankruptcy protection; Eddie Lampert steps down as CEO
CNBC ^ | 15 OCT 18 | Lauren Hirsch | Lauren Thomas

Posted on 10/15/2018 4:31:14 AM PDT by DCBryan1

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To: Redleg Duke

My old pump shotgun is nestled in my safe next to an original 1873 winchester(circa 1882) a Garand, a us property 1911, a Trapdoor Springfield, a 1899 US Krag and a whole bunch of other rifles, shotguns and pistols.

But when I want to break clay or bust pheasants I take out the Sears model 200.


61 posted on 10/15/2018 9:18:29 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you .)
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To: HamiltonJay
(Ever dealt with Sears subcontracted delivery service?.... or their subcontracted/licensed repair service)?

You are spot on. Too many stories to relate, but one experience in general comes to mind. A number of years ago I had a Sears Auto shop replace a car battery for me. When I got home I found the battery was securely affixed to the battery box with... string.

62 posted on 10/15/2018 9:23:38 AM PDT by Obadiah
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To: ridesthemiles

I believe Craftsman was sold to Black and Decker or Stanley a while ago now, the haven’t been an exclusive of Sears for years now


63 posted on 10/15/2018 9:32:40 AM PDT by HamiltonJay
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To: DCBryan1

Lampert should have stepped down right after the failure of the Sears-K-Mart merger. He has continually sold off Sears assets, to himself, leaving a highly leveraged shell. All while he NEVER had any true vision of how to reboot Sears into the current century. When he joined, Sears had the assets and the revenue to alter course and not be left in the dust by Amazon and Walmart. Lampert NEVER saw or knew how do to that.


64 posted on 10/15/2018 10:04:55 AM PDT by Wuli (u)
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To: DCBryan1

CEO Eddie Lampert’s networth $1 Billion. Guess he got his and everyone else got the shaft.

His B.A. in economics from Yale certainly failed for Sears.


65 posted on 10/15/2018 2:48:56 PM PDT by Wurlitzer (Nothing says "ignorance" like Islam! 969)
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To: null and void

[The middle management also blocked every good idea from the bottom. ... My IT team lead had extremely good ideas.]

Sounds pretty much like my experience in a small Kansas town. Very similar.


66 posted on 10/15/2018 5:07:40 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: IncPen

#44


67 posted on 10/15/2018 7:48:34 PM PDT by Nailbiter
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To: Nailbiter

Amazon believes they.have reinvented the American consumer. They don’t know they’re just Sears redux. And they’re getting into bricks and mortar.

In my view in addition to the stories of mismanagement it was the $3 billion in pensions that could have been diverted to retail initiatives that did them in


68 posted on 10/15/2018 9:44:21 PM PDT by IncPen ("Inside of every progressive is a Totalitarian screaming to get out" ~ David Horowitz)
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