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 ...
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!!
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.
Us too. Never liked Kmart.
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...
Innocence....the day they raise the hem line of a dress a inch about the ankles...it was over.
Yep.
Maytag has gotten so bad Sears dropped the entire line.
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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.
Just walking inside a K-Mart is depressing.
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.
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.’
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.
Exactly. Could see it coming long ago.
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.
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.
I buy 70s and 80s era Craftsman hand tools on Ebay.
Wow. I'd forgotten about that. That was fantastic to pore over the pages of toys, race car sets, train sets, you name it.
these execs seem like they were not truly interested in Sears as a business to begin with, just the salary and perks.
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