Sears Has ‘Substantial Doubt’ That It Will Stay in Business

ktla.com ^ | Posted 5:45 AM, March 22, 2017 | Staff

[Red Badger]

Allentown
Billy Joel

Well we’re living here in Allentown
And they’re closing all the factories down
Out in Bethlehem they’re killing time
Filling out forms
Standing in line
Well our fathers fought the Second World War
Spent their weekends on the Jersey Shore
Met our mothers in the USO
Asked them to dance
Danced with them slow
And we’re living here in Allentown

But the restlessness was handed down
And it’s getting very hard to stay

Well we’re waiting here in Allentown
For the Pennsylvania we never found
For the promises our teachers gave
If we worked hard
If we behaved

So the graduations hang on the wall
But they never really helped us at all
No they never taught us what was real
Iron and coal
And chromium steel
And we’re waiting here in Allentown

But they’ve taken all the coal from the ground
And the union people crawled away

Every child has a pretty good shot
To get at least as far as their old man got
But something happened on the way to that place
They threw an American flag in our place

Well I’m living here in Allentown
And it’s hard to keep a good man down
But I won’t be giving up today

And it’s getting very hard to stay
And we’re living here in Allentown

Written by Billy Joel • Copyright © Universal Music Publishing Group

[LostInBayport]

Now that one I still play!

[Red Badger]

Me too!.................

[Wuli]

The guy in charge never had a good plan, a real plan, or a clue to a plan. His “attempts” were no greater than throwing darts at a dart board and hoping some would score big. None ever did. Why? He had no real vision of how to totally remake Sears.

The biggest threat to Sears was that his merging it with K-mart was the opposite of any salvation. It was a stop-gap, a n expensive diversion, and a pretense behind the lack of any real clue.

[Red Badger]

Corporate Raider rule #1:

Sell everything that isn’t nailed down.

Corporate Raider rule #2:

Get a crowbar.........................

[cymbeline]

“The Sears association with Craftsman and Kenmore was a symbiotic relationship”

Good while it lasted. I remember when Sears sold cars (only briefly). Can’t remember it’s name.

[minnesota_bound]

#11 Remember Montgomery Ward?
Yes I do. I bought my first computer there in Dec 1995
A Packard Bell computer with the mouse with that hump that after a few hours it left your hand with muscle cramps.
https://c1.staticflickr.com/4/3017/2982910813_15edc8f53d.jpg

Similar pc I had... 2mb ram
http://s198.photobucket.com/user/piano_wizard/media/all%20computers/PackardBellPack-Mate5996CDT.jpg.html
http://packardbellblog.blogspot.com/

[Moonman62]

Sears will live on through Allstate ($30 billion market cap) and Discover Financial ($26 billion market cap). They also started WLS radio.

[dhs12345]

I am surprised that Allstate is still in business because brand loyalty means nothing to them. Actually they play that to their advantage... until people realize that they are getting ripped off and leave.

[bert]

Allstate is a public company not assocoated with Sears and is the Second largestAuto insurer after State Farm

[shotgun]

You are correct, however Sears would go to the top manufacturer and say we want you to take your best product, make these tweaks/additions/reductions and come up with a better product the we will brand it and sell it as “Sears Best”. Then consumers knew it was the best and could buy with confidence.

[Moonman62]

Allstate was started by Sears.

[ProtectOurFreedom]

I remembered Kresge renamed itself “K-Mart” after I posted. So, yeah...just Woolworths. They used to have great lunch counters before there were five fast food joints every block. We also had really good Woolworths Garden Centers nearby but they are “Summerwinds.”

[Pining_4_TX]

One of the main reasons malls and stores are dying is that women are afraid to go there. Between rampaging “teens”, shooters because malls are supposedly gun-free zones, Muslim terrorists, and the fact that women don’t know whom they or their daughters might encounter in a restroom, these stores and malls are doomed. The few times I must go to a mall, I am always looking around for possible threats, and I don’t go into the restrooms alone.

[foreverfree]

belated bump