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Sears aims to close up to 150 stores in bankruptcy, sources say
Al Rooters ^ | Oct 11, 2018

Posted on 10/12/2018 9:51:15 PM PDT by robowombat

Source: Reuters

Sears is planning to close up to 150 of its department and discount stores and keep at least 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said Friday.

The plans, which remained in flux Friday afternoon, would leave the fate of Sears' remaining roughly 250 stores uncertain, the sources said. The future of the stores could hinge on Sears' negotiations with landlords over their leases.

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy; News/Current Events; US: Illinois
KEYWORDS: retail; sears
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To: Southside_Chicago_Republican

In our local Sears, you have to walk past several empty checkout desks to find a clerk to take your money (I only go there once or twice a year).
I think I could camp in the store for a month and nobody would ever find me.
In the 60’s when I was a little kid they used to sell saddles - we always used to enter through the saddle dept & I thought I was in heaven from that leather smell.


21 posted on 10/12/2018 10:57:35 PM PDT by GnuThere
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To: Governor Dinwiddie

Yep - there it is. That’s what did it for me, too.

Made me walkaway from them almost completely.


22 posted on 10/12/2018 11:01:00 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: robowombat

Sears began as a mail order catalog company.

The internet is a digital catalog and we are all buying off of it.

How did Sears, of all companies, miss it?


23 posted on 10/12/2018 11:05:12 PM PDT by Pelham (California, how mass immigration transforms America into Obamaland)
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To: robowombat

When I was a teenager, I took my younger friend into Sears to look around and found a Barbie doll she wanted. We didn’t have quite enough to buy it, but the sales clerk (a young man, as I recall) sold it to her for what we had. It was such a sweet thing to do for a little girl.

I wonder how many Sears houses are still around?


24 posted on 10/12/2018 11:06:50 PM PDT by skr (May God confound the enemy)
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To: SaveFerris

Oops s/b “walk away”


25 posted on 10/12/2018 11:09:34 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: editor-surveyor

I know. It’s still disheartening
that an American institution succumbs
to the times. As a 12 year old, it
was a fine day when that rifle showed
up. I still have it.


26 posted on 10/12/2018 11:12:26 PM PDT by Lean-Right (Eat More Moose)
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To: Lean-Right
I bought my first rifle from a Sears Roebuck catalog in 1967.

They were the original Amazon.

27 posted on 10/12/2018 11:18:51 PM PDT by itsahoot (Welcome to the New USA where Islam is a religion of peace and Christianity is a mental disorder.)
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To: Pelham

Same way early computer guys told me and my friends no one would ever need a 100 mb hard drive.


28 posted on 10/12/2018 11:20:58 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: skr

Lots, they sold a lot of different versions for a long time.


29 posted on 10/12/2018 11:22:08 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: itsahoot

Yep, you could buy virtually any
product from Sears Roebuck. And
it wasn’t made in China. Good
quality American made.


30 posted on 10/12/2018 11:41:04 PM PDT by Lean-Right (Eat More Moose)
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To: robowombat

The sad decline of a once great American company. I recently inherited a 61 year old Sears “John C. Higgins” shotgun in mint condition. It was a common enough shotgun in its day - a shotgun for the American everyman. Now I feel like I have real piece of Americana. I’ll never part with it.


31 posted on 10/13/2018 12:04:33 AM PDT by vladimir998 (Apparently I'm still living in your head rent free. At least now it isn't empty.)
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To: editor-surveyor

“Sears quit selling guns a few months after you bought your rifle.”

Maybe by catalog because of the 1968 gun control act, but in the stores Sears sold firearms until 1983 or 1984.


32 posted on 10/13/2018 12:07:58 AM PDT by vladimir998 (Apparently I'm still living in your head rent free. At least now it isn't empty.)
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To: Extremely Extreme Extremist

Sears could have been Amazon. They already had the legendary catalog And yes, the lingerie section rocked growing up in the early 80s. All they had to do was make the leap to cyber space and not bought Kmart. Which was the dumbest decision since Atari made the ET video game.

...

The CEO bought KMart for the real estate.


33 posted on 10/13/2018 12:37:22 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Pelham

Managers will defend their turf and bad mouth the new guys every chance they get.


34 posted on 10/13/2018 12:44:18 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: robowombat
Number of employees‎: ‎140,000 (2017)
Total assets‎: ‎US$ 7.262 billion (2017)
Total equity‎: ‎US$ −3.723 billion
(2017) Revenue‎: ‎US$ 16.702 billion (2017)

The Sears Holdings Corporation is an American holding
company headquartered in Hoffman Estates, Illinois, a suburb of Chicago. It is the owner of retail store brands
Sears and Kmart, and was founded after the latter purchased the former in 2005. Sears Holdings also
owns the brands Kenmore and DieHard.

Something i don't understand is sears and roebuck used to be a catalogue ordering company they were famous for it who hasn't seen an S&R catalogue .....Anyway you would think that sears would have transitioned well into a business like Amazon by now with the selections sears has they could give the smaller online shopping places some competition easily but they should have started 15 years ago it's got to be almost pure laziness on sears part !

35 posted on 10/13/2018 1:08:02 AM PDT by ATOMIC_PUNK (I'm not a psychopath, I'm a high-functioning sociopath.~ Sherlock Holmes)
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To: robowombat

Sears is an example of evolution at work. The struggle for life also affects artificial as well as natural species.

Over time, those who don’t adapt to their environment become extinct. This once great company is headed there.

But new species are born and evolve over time, too. Its a fact of life on earth.


36 posted on 10/13/2018 2:36:54 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Moonman62

Sears could have been Amazon...

It’s worse than that, They were also partners in Prodigy, one of the internet access companies from the dial up days.

They were perfectly positioned to dominate internet retail except they were to clueless to realize it.


37 posted on 10/13/2018 3:04:49 AM PDT by 5by5 (ad)
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To: robowombat

Well, I heard they quit making outhouses in Arkansas because Sears went on-line!
Who ends up paying the bill for bankruptcy? Not the bank!


38 posted on 10/13/2018 3:07:48 AM PDT by KDF48 (Redeemed by Christ.)
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To: 5by5

I forgot about that. I think IBM was the partner.

FReerepublic also got its start on Prodigy.


39 posted on 10/13/2018 3:11:24 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Governor Dinwiddie

Our first credit card was a Sears (Master)card. We’ve had it since 1977.

I can’t remember the last time we actually used it at Sears.


40 posted on 10/13/2018 3:19:15 AM PDT by Peter W. Kessler ("NUTS!!!")
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