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Sears is on the brink of catastrophe as stores closures loom and top execs flee the company
http://www.msn.com/en-us/money/companies/sears-is-on-the-brink-of-catastrophe-as-stores-closures-loo ^ | 4-Dec-16 | Hayley Peterson

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 ...


TOPICS: Business/Economy
KEYWORDS: kmart; landsend; sears
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To: trisham

I had my parent’s Sears charge card, in college, just for tires, auto repair, etc. When they added a fuel station, I (thought I) hit the jackpot!!


61 posted on 12/04/2016 2:54:53 PM PST by Jane Long (Praise God, from whom ALL blessings flow!)
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To: ARGLOCKGUY

Last time I was in Sears I had to practically beg someone to take my money for a $700 Kenmore washing machine. Didn’t work from day one. They brought another one out. It didn’t work either. But they could fix it in about three weeks. I told them to forget about it and had them take it back.

Haven’t set foot in a Sears since, nor shopped with them on line.


62 posted on 12/04/2016 2:56:22 PM PST by Auntie Mame (Fear not tomorrow. God is already there.)
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To: Diana in Wisconsin
"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."

Us too. Never liked Kmart.

63 posted on 12/04/2016 2:56:41 PM PST by blam (Jeff Sessions For President)
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To: Diana in Wisconsin

Well least for the time being they have great deals on appliances, I replaced all my home appliances relatively inexpensively with top line products plus purchased 2 new freezers,2nd Refrigerator and stand alone ice maker. Made one mistake and bought a Maytag dishwasher and it developed a problem just after the manufacturer warranty ran out which wound up was going to be cheaper to replace than fix. Maytag is owned now by GE which sucks...


64 posted on 12/04/2016 2:57:59 PM PST by dpetty121263
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To: outofsalt

Innocence....the day they raise the hem line of a dress a inch about the ankles...it was over.


65 posted on 12/04/2016 2:59:33 PM PST by ColdOne ((poochie... Tasha 2000~3/14/11~WE DID IT DEPLORABLES!EraseThe0bagambiLegacy!)
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To: CodeToad
Typical liberal MBA crowd running yet another company into the ground.

Yep.

66 posted on 12/04/2016 2:59:44 PM PST by Mr Apple ( Carville, election night "we're getting to the point that several paths to 270 are getting cut off")
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To: dpetty121263

Maytag has gotten so bad Sears dropped the entire line.


67 posted on 12/04/2016 2:59:45 PM PST by dpetty121263
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To: outofsalt

about=above


68 posted on 12/04/2016 2:59:51 PM PST by ColdOne ((poochie... Tasha 2000~3/14/11~WE DID IT DEPLORABLES!EraseThe0bagambiLegacy!)
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To: AlaskaErik

We have a local Sears Hardware store. Several years ago, I bought a water heater there. About fourteen months later, or two months after the manufacturer’s warranty expired, the liner separated from the tank and the thing spewed water all over my garage. Sears said I was SOL. I cut up my Sears card and never went back.

As for the Sears Hardware, nobody shops there. The place has been dead for years. The Do It Center across the street is always hopping.

This morning Mrs. henkster saw the “closing sale” sign on the Sears Hardware.


69 posted on 12/04/2016 3:00:00 PM PST by henkster
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To: ARGLOCKGUY

Just walking inside a K-Mart is depressing.


70 posted on 12/04/2016 3:00:33 PM PST by fso301
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To: Diana in Wisconsin

As kids one of the highlights of the Christmas season was getting the Sears catalog so we could put together our wish lists. I still have a book on natural history with a note from my parents Christmas, 1958.


71 posted on 12/04/2016 3:01:37 PM PST by be-baw (still seeking)
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To: Sacajaweau

Which they started trying to *NOT* honor back around 2010 - they also changed the terms of the warranty on many new tools from the ‘fails to provide complete satisfaction’ terms to ‘defect in workmanship only.’


72 posted on 12/04/2016 3:02:06 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.d)
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To: AlaskaErik

Belk clothing store moved into our humongous now closed Sears. If they didn’t get a great deal on rent they won’t last long, either.


73 posted on 12/04/2016 3:02:13 PM PST by suthener
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To: ARGLOCKGUY
first place i was ever on an escalator, i still remember the Sears Christmas wish books, got my first credit card from Sears too, damn shame
74 posted on 12/04/2016 3:02:23 PM PST by Chode (You Owe Them Nothing - Not Respect, Not Loyalty, Not Obedience, NOTHING! ich bin ein Deplorable...)
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To: reaganaut

Exactly. Could see it coming long ago.


75 posted on 12/04/2016 3:03:00 PM PST by TribalPrincess2U (0bama's agenda�Divide and conquer seems to be working.)
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To: ARGLOCKGUY

Sad. I just purchased a new DieHard battery recently. It’s all I use. Never had a problem with them in 30 years. Run them for the full 5 years & get a new one that works like a charm.


76 posted on 12/04/2016 3:03:13 PM PST by LongWayHome
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To: meyer
Buying K-Mart was dumb.

You have that backwards. K-Mart bought Sears. At the time, a lot of folks thought it was a real estate play (as was K-Mart coming out of bankruptcy). There was some surprise that they tried to actually run it as a retail chain.

77 posted on 12/04/2016 3:03:24 PM PST by PAR35
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To: AlaskaErik

I buy 70s and 80s era Craftsman hand tools on Ebay.


78 posted on 12/04/2016 3:04:14 PM PST by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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To: Mears
Sears’ “Wish Book” was a treasured thing in my house at Christmas time.

Wow. I'd forgotten about that. That was fantastic to pore over the pages of toys, race car sets, train sets, you name it.


79 posted on 12/04/2016 3:04:43 PM PST by Flick Lives (Les Deplorables Triumphant)
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To: ARGLOCKGUY

these execs seem like they were not truly interested in Sears as a business to begin with, just the salary and perks.


80 posted on 12/04/2016 3:05:42 PM PST by b4me (If Jesus came to set us free, why are so many professed Believers still in chains?)
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