Thread: SEARS going under..

Sears isn't closing but cutting waste I wouldn't count them out yet.

Originally Posted by burrocrat

kenmore = good appliances. also, being able to properly fit a bra is a valuable life skill. it's going to be my second career. i consider myself an expert at it, i can usually do it by sight now. which i'm sure the ladies are thankful for.

And Craftsman tools... lifetime guarantee!

Been a while since Sears has done anything creative. Being tied to malls is not healthy either.
Lost identity amongst Walmart, Target, Meijer ETC.

Originally Posted by nnuut

Sears isn't closing but cutting waste I wouldn't count them out yet.

I agree. They've been through bankruptcy before and came back enough to buy Kmart. I doubt they're going anywhere.

(Reuters) - Sears Holdings Corp said Friday it may sell up to 300 stores to a real estate investment trust

Originally Posted by Viva_La_Migra

I agree. They've been through bankruptcy before and came back enough to buy Kmart. I doubt they're going anywhere.

Hmmm, I thought Kmart bought Sears...

Originally Posted by nnuut

Sears isn't closing but cutting waste I wouldn't count them out yet.

By cutting waste they mean cutting labor costs. Its been a while since I worked at sears (2004-2006) But I worked there before and after they were bought by KMART. After the KMART buyout the base pay got cut and so did commissions. I worked in the automotive department installing tires and doing oil changes. When I first started in '04 there were atleast 6 employees doing ONLY tires and then there would be an additional 4-6 employees to do brakes/alignments/suspension parts. When I left in '06 we would have one person open and two people close the shop for tires. One person would be available to do brakes and alignments and the manager had to work up front helping customers because all the sales people left. We operated with a skeleton crew and the customers knew it. I would routinely have customers get angry with me that their oil change or flat repair took over 4 hours because we didnt have enough people on hand to help out. drove by the old sears auto center that I used to work at not too long ago and noticed that their operating hours have been scaled back - they are even closed on sundays now. I wonder if they dont have enough employees to cover all the shifts so they had to scale back their hours or maybe all the customers got fed up with the wait times and started going else where. I hope they crash! A company that cant afford to have enough employees and pay them fairly has no business being open.

Basically the Union demanded to many perks for the employees and put them in a situation of not being to compete with the competition that on top of world wide completion and flawed government trade treaties strangled them [NAFTA, GATT] etc. That has happened to many other companies in the past.

Originally Posted by RealMoneyIssues

Hmmm, I thought Kmart bought Sears...

The KMart by my house just closed. The Sears store has tumbleweeds blowing through the parking lot.

Originally Posted by 99percent

The KMart by my house just closed. The Sears store has tumbleweeds blowing through the parking lot.

The Kmart by me closed a year ago. The nearest Sears isn't as busy as it used to be. I remember growing up and Sears was the only place to buy everything but lumber. Too much competition now.

Originally Posted by RealMoneyIssues

Hmmm, I thought Kmart bought Sears...

I managed at a store at the time of the acquisition. Kmart bought sears since they came out of their bankruptcy strong selling off realty and assets. Neither were able to reinvent themselves or streamline. The writing has been on the wall for a while. Really to bad.