https://sc.cnbcfm.com/applications/cnbc.com/resources/editorialfiles/2018/05/31/053118-store-closing-list.pdf
Some of these stores have been on life support. Surprised the store in our area is staying open. Service is pathetic, inventory doesn’t match today’s buying public.
Personally I think they should close all of their stores, liquidate and pay creditors. They’ll end up closing them in the end anyway, why drag it out?
Mediocre quality, mediocre service, mediocre prices, mediocre everything.
When Sears had trained and helpful sales staff, good prices, quality products real lifetime guarantees, they flourished.
Then some MBA decided that could cut expenses and raise prices.
The bottom line looked good for quite a few quarters, and that’s all that matters, isn’t it?
I had not really thought about it but for some reason I thought they had gone out of business a few years ago.
A Sears pension? You better practice saying "Welcome to Walmart" because you'll never get to retire.
Its just a market reality. When Sears itself came around more than 100 years ago it put thousands of small stores out of business.
I suggest pushing “SEARS ONLINE” as their likely possible future chance to adapt (”SEARS” is a major branding)
It is a shame.
I used to regularly shop at the K-Mart in Richfield (closed now for 10 years), a first ring suburb of Minneapolis. I liked what they had for selection.
There was no difference between buying my shampoo or dress socks there versus a Wal-Mart or Target.
Somewhere along the line (back in the early 90’s), K-Mart just went numb. They didn’t keep on the appearance of their stores, they didn’t keep on the kind of merchandise that people wanted their employees started getting a ‘hood attitude, etc.
It wasn’t just a case of K-Mart being unable to compete with the Internet. It was almost like they collectively went on auto-pilot sometime in the early 90’s. By the time they realized “Wait, we might have a problem here”, it was too late. Wal-Mart and Target passed them by.
Ah...the good old days. Cord pants with lifetime guarantee against holes, and Craftsman tools that weren’t made of pot metal.
As for K-Mart, they suck and should die. When I was a kid, Sears was the store to constantly visit. My dad would leave me at the food counter while he shopped. Popcorn and hot dogs were cheap, and the smell of popcorn wafted throughout the store, about 4 stories of goods. Just outside the food counter was a tire installation building and huge parking lot. To the side was a garden area selling plants, flowers and trees. Across the street was a block-long building doing car maintenance also with a huge parking lot. All under the Sears banner. This local Sears went under decades ago and was sadly missed here. Of about 4 stores in the immediate area only one remains.
I see they are closing the one in the Burlington Center Mall in NJ, it was the only store left in the entire mall. I guess the mall is officially closed
Can’t think anyone would be worse off if they just closed ‘em all.
“We’re liquidating ... to get capital to put into our pension plan.“
Imagine that. Actually having to put sufficient assets aside to pay for pensions. Someone should tell Government.
L
I’m glad Sears sold off Lands End because I like their men’s clothing a lot and their sizes fit well. Just hope they don’t get sucked down when Sears finally goes under.
Our local Sears has been great for appliances & repair, tires, batteries, lawn and garden equipment. Excellent service after the sale, and folks will miss that when they’re gone.
K-mart...that explains most of the problem right there..
Wasn't it Rosie O'Donnell that was a spokesperson for K-Mart some years ago?? Right after she went to work for them K-Mart stop selling most things that men would be interested in... It seemed that they "feminized" the whole darn store, they have been going downhill ever sense Rosie got involved...
They still managed to find 72 stores, to close?
I hate to see these Legacy stores going bye bye. Nostalgia I guess? Sears has had horrible management decisions in the last decade or more. They have sold off their only profitable assets like Craftsman, is Kenmore is next? (Yes I know those products are made by whirlpool and what not) but the Kenmore name is Gold.
They should have retrenched years ago ...downsized and became an appliance and tools retailer. Craftsman and Kenmore and lttle else. I have seen a few TV commercials in the last few months of privately owned mini Sears franchise stores just for their bread-and-butter items. Probably too little to late. Sad.
The Sears store I went to as a kid is on the list.
Brookdale mall in Brooklyn Park, Minnesota. It is on the list of deadmalls.
Most of the site was torn down several years back and a Wal-Mart built and many restaurants and a tire shop built so not much for high wages.
I was last there in 2004 during a visit to the hometown and the mall was basically an indoor swap meet before the tear down. What killed it was the bus line from downtown and North Minneapolis area that brought in the criminals and drove away honest people.
A much nicer shopping center several miles up the road from there was built in Maplewood.
The Sears here is gone. The Kmart seems to have very few customers. Near by sears and k marts are closed.
I remember Sears.