Sears shares have fallen more than 85 percent over the past 12 months, bringing the company's market cap to $127.8 million, or less than Lampert is willing to pay for the Kenmore brand. The stock hit an all-time intraday low of $1.15 earlier this week.
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$1.15 a share? I've seen junk bonds with better results.
Sad. Just sad.
The board should’ve fired this CEO long ago.
Shutting in November? I would think they would close after the end of the year. To capitalize on all the Christmas sales and shopping that people do in December.
But really. What’s the point? Who shops at Sears anytime? Including Christmas.
How did they screw this up?
Sears needs another Arthur Martinez.
They’ve been going out of business on the installment plan since the 1980’s.
I didn’t know K-mart still existed. I was in the Key’s last month and there was a K-mart. Surprise, surprise...
Kmart 935 Sweetwater Road Spring Valley CA
Kmart 1075 Shaw Avenue Clovis CA
Kmart 3625 East 18th Street Antioch CA
Kmart 6310 W 3rd Street Los Angeles CA
Kmart 589 Bridgeport Avenue Milford CT
Kmart 301 College Square Newark DE
Kmart 3231 Chicago Road Steger IL
Kmart 11 South Kings HWY 61 Cape Girardeau MO
Kmart 2308 Highway 45 N Columbus MS
Kmart 605 Old Country Road Riverhead NY
Kmart 440 NW Burnside Road Gresham OR
Kmart 101 Great Teays Blvd Scott Depot WV
Kmart 2150 South Douglas HWY Gillette WY
Sears^ Flagstaff Mall, 4800 N US HWY 89 Flagstaff AZ
Sears Capitola Mall, 4015 Capitola Road Santa Cruz CA
Sears† 2424 Highway 6 And 50 Grand Junction CO
Sears 2266 University Square Mall Tampa - University FL
Sears† 1625 NW 107th Avenue Doral / Miami FL
Sears^ Coastland Ctr, 2000 9th Street N Naples FL
Sears^ Oglethorpe Mall, 7810 Abercorn St Savannah GA
Sears† 2860 Cumberland Mall Atlanta GA
Sears† 100 Mall Blvd Ste 300 Brunswick GA
Sears^ 1631 E Empire Street Bloomington IL
Sears* 4201 Coldwater Road Fort Wayne IN
Sears 3000 Mall Road Florence KY
Sears† 1914 Hammond Square Drive Hammond LA
Sears* 50 Holyoke Street Holyoke MA
Sears^ Silver City Galleria Taunton MA
Sears† 1250 Jackson Xing I-94 Jackson MI
Sears* 4601 Glenwood Avenue Raleigh - Crabtree NC
Sears* 77 Rockingham Park Boulevard Salem NH
Sears* 1500 South Willow Street Manchester NH
Sears† 4409 Black Horse Pike Mays Landing NJ
Sears* 200 Eastview Mall Victor NY
Sears* 578 Aviation Road Queensbury / Glen Falls NY
Sears 1400 Union Turnpike New Hyde Park NY
Sears 2700 Miamisburg Centerville Road Dayton OH
Sears* 9505 Colerain Avenue Cincinnati - Northgate OH
Sears† 11800 SE 82nd Avenue Happy Valley / Portland OR
Sears† 400 Memorial City Way Houston - Memorial TX
Sears* Post Oak Mall College Station - Bryan TX
Sears 7453 S Plaza Center Drive West Jordan UT
Sears 12000 Fair Oaks Mall Fairfax VA
Sears† 8800 NE Vancouver Mall Drive Vancouver WA
Sears† 4720 Golf Road Eau Claire WI
Sears Valley View Mall, 4200 US HWY 16 La Crosse WI
Additionally, the Sears Auto Center at these locations will close in the following time frame:
^ Late August 2018
* Late September 2018
You’da thunk that stores like Sears and J.C. Penny, with their very strong catalog sales business model, would have been ideally poised to take advantage of the eCommerce boom of the ‘90s and 2000’s.
Basically digitize the Sears catalog and put it online, and accept online orders instead of mail or phone orders.
But no, they were both mismanaged right into the crapper.
Looked to see if the one in my town was closing.
I haven’t been inside of it, but once in the last 45 years.
A few weeks ago, I had to go to a Sears store to pick up a lawn mower I ordered online. As best I could tell, there was only one check-out clerk in the whole huge store, and he had no idea how to use the register. A small (very small) line formed as he tried one thing after another for about 20 minutes. There was also just one guy at the pick-up station, and he was hostile and rude. Unbelievable.
Includes the Sears that has been in Glenbrook Square Mall in Fort Wayne Indiana since the mall was constructed in 1966.
DBM (death by management).... of what was once the World’s Largest Store (which is why its radio station in Chicago was WLS)
The major auto makers in efforts to improve profitability got rid of dud brands. GM trashed Pontiac and Oldsmobile. Chrysler over the years has gotten rid of a few too. Both automakers kept their most profitable lines, and are still alive.
So what does Sears do, they sell off their most profitable names like Craftsman and Kenmore. Is this purposeful suicide? It makes no sense to me.
In the retail environment, Sears is seen as a loser, and anyone who shops there is likely looking for a clearance or cut-rate price.
There was a time when Craftsman and Kenmore had high appeal, but that has gone, as well. Their problem is that they didn't identify their core competancy, thinking that the department store model would last forever. I think if they had concentrated on the Craftsman brand, and spun off the softer goods, they might still be a healthy but smaller company.
Sears could have been as epic as Amazon. Lack of vision kills companies.
Worst return policy in the industry.
Bought a two pack of Craftsman edger blades. Got home and they were the wrong ones. A week later I tried to exchange them for the correct ones. Absolutely had to have a receipt. Glad they are biting he dust.
Walmart policy by contrast: Normally, items purchased in our stores or on Walmart.com may be returned or exchanged within ninety (90) days of purchase with or without a receipt.
Yeah, it really is. Another piece of my childhood joins the memory archives.
I honestly thought Sears was gone. I need to get out more. Wait. No I don’t.