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Sears may be down to its last 24 hours. Iconic retailer likely liquidates without bid by tomorrow
CNBC ^
| 12-27-2018
| Lauren Hirsch
Posted on 12/27/2018 2:49:09 PM PST by NRx
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Sad but not surprising. Sears has been poorly run for a long time and has been in de-facto liquidation for years as they sold off their best real estate and even brands. Still they had a good run. Few businesses have the long life that they did. I am old enough to remember the Sears Roebuck Catalog when I was a kid. Fond memories of Christmases back in the land of long ago.
1
posted on
12/27/2018 2:49:09 PM PST
by
NRx
To: NRx
Sears has been an anachronism for decades.
To: NRx
Being around for over a hundred years used to an asset. Now it’s a liability.
3
posted on
12/27/2018 2:53:10 PM PST
by
proust
(Justice delayed is injustice.)
To: proust
4
posted on
12/27/2018 2:53:34 PM PST
by
proust
(Justice delayed is injustice.)
To: NRx
I was once a part-time employee of sears in my younger years during college. It was truly run like a family affair.
5
posted on
12/27/2018 2:53:39 PM PST
by
fwdude
(Forget the Catechism, the RCC's real doctrine is what it allows with impunity.)
To: NRx
Talk about mismanagement, they could have and should have been the Amazon of today.
6
posted on
12/27/2018 2:54:35 PM PST
by
KevinB
(If I'm ever arrested, I'm switching parties.)
To: Blue House Sue
The irony is that they basically invented Amazon.
To: NRx
They should have copied Amazon and Wal-Mart.
8
posted on
12/27/2018 2:55:24 PM PST
by
Leep
(Leftist are neither liberal or democratic. Nor are they pro American.)
To: KevinB
9
posted on
12/27/2018 2:55:47 PM PST
by
EEGator
To: NRx
Thanks for posting. My dad (RIP) retired from Sears in 1972. Interesting.
10
posted on
12/27/2018 2:58:47 PM PST
by
PGalt
To: NRx
I remember looking at guns in the Sear’s catalog. I still have 2 boxes of Ted Williams 30-30, headstamped “SEARS”.
11
posted on
12/27/2018 2:58:53 PM PST
by
aomagrat
(Gun owners who vote for democrats are too stupid to own guns.)
To: NRx
Sears never made the jump from retail to internet sales in support of brick and mortar due to entrenched management.
They already had the catalogue infrastructure to make it work, but they simply could not adapt.
12
posted on
12/27/2018 2:59:36 PM PST
by
tcrlaf
(They told me it could never happen in America. And then it did....)
To: NRx
My dad made a career of printing newspaper inserts for Sears. My neighbor was a service manager with about 150 employees in north east PA.
So many made a good living with Sears. A great run.
13
posted on
12/27/2018 3:00:04 PM PST
by
PA-RIVER
To: NRx
Sears Roebuck, the World’s Largest Store (and the one store that developed the mail-order marketplace that Amazon is getting rich on today)
the World’s Largest Store has been, imho, suffering from DBM for several years already
DBM — death by management....
and it is fascinating) but predicted a long time ago already) that its top manager Eddie L. would wind up taking all or most the assets, one way or another...
(lots of real estate, for starters....and more...)
this is what DBM usually involves, after all...
14
posted on
12/27/2018 3:02:09 PM PST
by
faithhopecharity
(“Politicians arent born, they’re excreted.” Marcus Tullius Cicero (106 to 43 BCE))
To: KevinB
Sears was the Amazon of 1900 America
To: NRx
Sears is or was my mom and dads store. They never reinvented themselves.
16
posted on
12/27/2018 3:05:05 PM PST
by
albie
To: proust
Sears had a great customer service, and great products, but today it has workers who do not care, some hardly speak English and many of the guys have baggy pants which need pulling up. Women with tattoos on their arms, backs,and necks.
Very sad
17
posted on
12/27/2018 3:05:21 PM PST
by
manc
( If they want so called marriage equality then they should support polygamy too.)
To: KevinB
The literally WERE the Amazon of their day... long before the internet or box stores.. Sears sold everything and I do mean everything mail order.
To: KevinB
Yep, you used to be able to order anything from baby chicks to houses from Sears.
19
posted on
12/27/2018 3:07:23 PM PST
by
Blood of Tyrants
(Twitter is Trump's laser pointer and the media are all cats.)
To: NRx
"Few businesses have the long life that they did." Sears are a bunch of amateurs! Kongō Gumi Co., Ltd. of Japan has been in business since 578 A.D. and they're still going strong!
20
posted on
12/27/2018 3:07:38 PM PST
by
MeganC
(There is nothing feminine about feminism.)
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