Posted on 12/04/2016 2:30:46 PM PST by ARGLOCKGUY
Things aren't looking good for Sears. The 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.
(Excerpt) Read more at msn.com ...
They have made a LOT of boneheaded moves through the years; surprised they’re still around, actually.
My Dad always bought just about EVERYTHING there from tools to appliances to lawn mowers to clothing. I, too, in my younger years went there for appliances and a water heater and a lawn mower - it was THE place to go.
The end of an era.
I can still hear Dad & Grandpa in my head, ‘Well Sears is where you wanna go for THAT!’ LOL!
I don’t know how all of these stores remain open. I have not been in a store like Sears for years. Online shopping has eliminated the need - in fairness, I have always hated shopping. Maybe some like it or consider it entertaining.
Buying K-Mart was dumb. They should just jettison the name and try to rebuild Sears.
Now that Craftsman tools are made in China, I have no reason to ever shop at Sears again. I just wonder who will move into my local Sears store once it closes.
Sears has been on the brink of catastrophe for fifteen years. I’m surprised they have hung on this long.
They just had massive store closures last summer and frankly I am not surprised. Not only has their quality tanked over the years there is zero customer service almost to the point of being rude. I had to fight for a week to exchange an unused shop vac filter and finally it went to the district manager who approved it. That is ridiculous.
I’d better get those broken sockets in post haste!
I hope target doesn’t buy them out. i still remember going to Sears this year and there were changing rooms for both men and women, not homofags..
Yup. One failing brand buying another failing brand just meant two failing brands.
Hobby Lobby took over our Kmart that closed last year.
As a kid I remember the old Sears and Roebucks catalog from the covered wagon days....
Talk about a skeleton crew. Except the Sears skeleton is missing an arm, a leg, a couple of ribs and a jaw. That's how bad the place was.
Technically, K-Mart bought Sears.
hang on sears. things may be looking up in 2017 and beyond.
I remember Sears.
Sears’ “Wish Book” was a treasured thing in my house at Christmas time.
.
Like the Hemmingway Book...
How does one go broke?
Slowly, then all at once.
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