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Sears/Kmart

Started by Tuxedo Mark, September 12, 2016, 12:50:04 PM

Previous topic - Next topic

Captain Jetpack

Quote from: BettyReggie on December 30, 2016, 09:29:38 PM
I hate Sears. A couple of years ago. I went to the optical department there. I did the eye exam & picked out eyeglasses. And when we went to pick them up. The lady behind the counter said they were able picked up. Someone stole my eyeglasses. I never went back there because of that.


"You have attributed conditions to villainy that simply result from stupidity."  ~~~Robert A. Heinlein
Pie is my favorite Vitamin.

Tuxedo Mark

BLOODBATH!

From today's press release (snarky comments in brackets are mine):

Sears Holdings Announces Steps To Enhance Liquidity, Stabilize Operating Performance Actions will facilitate strategic transformation [Brick-and-mortar retail is hard! We wanna go online-only!]
Jan 5, 2017  HOFFMAN ESTATES, Ill., Jan. 5, 2017 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) today announced a series of additional strategic actions to increase its financial flexibility and improve long-term operating performance. These actions will facilitate the transformation of Sears from a store-based, asset-intensive business model into a membership-focused, asset-light business model. As such, the Board of Directors has determined to:

       
  • Close an additional 150 non-profitable stores, comprised of 108 Kmart and 42 Sears stores, to stem losses;
  • Enter into an agreement to sell the Craftsman business for a cumulative $775 million, together with use of a perpetual license for the Craftsman brand, royalty free for 15 years, and a 15-year royalty stream on all third-party Craftsman sales to new customers;
  • Generate up to $1 billion in liquidity through both a newly entered $500 million real estate backed loan, secured by real estate properties valued at over $800 million; and a previously announced standby letter of credit facility of up to $500 million from certain affiliates of ESL Investments, Inc., issued by Citibank, N.A., each subject to the terms thereof; [Our boss is loaning us money, so he'll be the first in line to profit when the company fails!]
  • Market certain properties within the company's real estate portfolio to further unlock value and increase liquidity.
"We are taking strong, decisive actions today to stabilize the company and improve our financial flexibility in what remains a challenging retail environment," said Edward S. Lampert, Chairman & CEO of Sears Holdings. "We are committed to improving short-term operating performance in order to achieve our long-term transformation." [Going online only!]

"Going forward, Sears will be more focused on our Shop Your Way membership platform, a network with tens of millions of active members, and our Integrated Retail strategy in order to be a more nimble, innovative and relevant retailer that is better able to provide value and convenience to our customers. We are confident that concentrating on these key initiatives will lay the foundation for growth over the long-term," Mr. Lampert continued. [Fast Eddie's still touting Shop [Y]Our Way Rewards as the future of retail.]

Here's the list of stores closing:

http://searsholdings.com/docs/010417_store_closing_list.pdf
BV-kiss-small
Riverdale Reviewed
http://riverdalereviewed.wordpress.com
Every episode of "Riverdale", "The New Archies", and "Archie's Weird Mysteries" reviewed.
My digital wish list
https://www.amazon.com/gp/registry/wishlist/14FS742SI1R5I

ASS-P

...If there are K-Marts or Sears in San Francisco proper or nearby , I,m not aware  of them . When I still lived in Santa Cruz , there was a K-Mart in near-by-bus Watsonville...that I actually found sold Archie digests  :) :D :smitten: !!!!!!!!!!!
  When  I was young , in Westchester County , New York , we had a Sears catalog store in Mount Kisco , near us , and I loved the Christmas Wish Book loads :smitten:  . There was also a big , department store-type , Sears in White Plains , which I think may have been described as : the biggest Sears : - where ? at that time , . The biggest west of the Misisippi ? That seems unlikely .
  The biggeest in a 13 Colonies/Eastern Seaboard state ? Northeastern stae ? Midatlantic state ?
  We didn,t have K-Mart where we grew  up , primarily I feel because we had a similar chain called Caldor,s , which rather took up that slice of the market .
  I guess Caldors, was a touch more genteel/perhaps : upscale : (I recently read about it that it was described at the time as - The Macy,s of discount stores ? Remember , this is the 60s and 70s we,re talking about .
  I guess it tended to be less spread out than Wal-Mart - I think of Wal-Mart as being more in the spread-out , flat , Midwest while we were n the closer together , more hilly Northeastern states . Might Caldors, have only been in NY Stata and Connecticut ?
  I later found out that K-Mart had these massive snack bars/junk food stands - Caldors, just had little stand-up junk food stands , not selling anything moe elaborate than maybe what was in those rotating spears warmers that they sold pretels from , maybe hot dogs - Does that mean they did not have grills on the stands , say , or voilers ?
  Maybe ?

steveinthecity

As a kid we had K-Mart and Murphy's Mart which were almost identical in product and layout, and both had a cafeteria area where you could sit and eat, but I never heard of other locations having that, just the typical food stand stuff like hot dogs, etc.


I enjoyed the Sears Wish Book, too.  I spent countless hours every year with my nose buried in those.   :smitten:
Comics!

60sBettyandReggie

A few days ago I came across a post on some blog and someone had found Archie's Weird Mysteries the Complete Season for 5 dollars at a Kmart. I got excited but then I noticed it was a post from 2014  :-[

Archiecomicxfan215

The last K-Mart here in Staten Island is closing down by summer. Sears downgraded from 2 floors to 1 floor. The Sears Auto Center is gone too. Who knows if the one floor Sears will last :/

TeamBlossom

Quote from: steveinthecity on January 26, 2017, 12:57:01 PM
As a kid we had K-Mart and Murphy's Mart which were almost identical in product and layout, and both had a cafeteria area where you could sit and eat, but I never heard of other locations having that, just the typical food stand stuff like hot dogs, etc.
I heard that Little Caesar's used to be in many Kmart locations. Then after a lot of Kmart locations closed around 2003 or so, Little Caesar's started offering the Hot-N-Ready and found success without Kmart.


My nearest Kmart is closing, and I stocked up on Monster Energy. Then I found out that they were on sale cheaper at Target at the moment. The store was oddly depressing.

Alexandra Cabot

This is a very important thread, but where's the thread about Walmart or Target?


ASS-P

...Walmart isn,t in San[size=78%] Francisco . Target is - in sttres which they brand : City Targt :s (or : Urban Target :s ?) . I wonder why they feeel compllledtoactually cuse  a sub-brand name ?[/size]

Archiecomicxfan215

^ i went to the Target in San Francisco when i was on vacation. I liked it but i was surprised that i had to pay $0.05 for a plastic bag. I figured the reason for not having a Walmart was the same as for NYC where I am from, cause it hurts smaller businessesbor something like that. I could be wrong.


However, I never seen so many Walgreens in my life until I went to San Francisco :o

Ottawagrant

Canada has had a 3 cent cost for a plastic bag for quite a while. WalMart here was one of the last business' to charge for bags. It's no surprise, with California's environmental laws, that they are a State that charges for bags. While you were in San Francisco did the new soda tax kick in yet?

Ottawagrant

Here's another casualty of the modern age. HMV in Canada is closing all 102 stores throwing 1340 employee's out of work. It's the end of an era. HMV used to be the biggest retailer of records, CD's & DVD's in Canada. Back in the 80's when you went to Toronto their Younge St. store was a 'must' go to place. Originally, in the 60's & 70's, it was 'Sam the Record Man'. Canada's biggest record store. New records on the main floor. Other stuff on the 2nd floor, & then deleted stock on the 3rd floor. I remember buying the album 'First Base' by 'Babe Ruth'. Released in 1972, deleted, and cleared out for 99 cents. A good quality vinyl copy now will set you back $60. bucks Canadian. Sam's was forced into bankruptcy in 1993 by HMV, A&A Records, and this new thing - the internet.

If you want to read up on the band 'Babe Ruth' there's an excellent write up here: Scroll down to the 'Reviews' section.
https://www.discogs.com/Babe-Ruth-First-Base/release/635470

Alexandra Cabot

#27
Quote from: Archiecomicxfan215 on January 28, 2017, 11:40:30 AM
^ i went to the Target in San Francisco when i was on vacation. I liked it but i was surprised that i had to pay $0.05 for a plastic bag. I figured the reason for not having a Walmart was the same as for NYC where I am from, cause it hurts smaller businessesbor something like that. I could be wrong.


However, I never seen so many Walgreens in my life until I went to San Francisco :o

It's called Commiefornia for a reason.  Don't worry, everyone in San Francisco is either as rich as sin or a homeless bum that is living an above middle class lifestyle.  When you're as rich as sin you can be concerned with things like insuring that every homeless bum has free housing and owns a Chihuahua (yes they actually get free Chihuahuas, I wonder why so many homeless go there, could there be some kind of connection?).

QuoteWhile you were in San Francisco did the new soda tax kick in yet?

Anyone who supports this kind of soda tax should be thrown into the Boston Harbor by people dressed as Native Americans.  Of course, since California is trying to secede from the United States now, they probably no longer consider their sevles Americans.


SAGG


Quote from: Alexandra Cabot on January 29, 2017, 05:47:24 PM
Quote from: Archiecomicxfan215 on January 28, 2017, 11:40:30 AM
^ i went to the Target in San Francisco when i was on vacation. I liked it but i was surprised that i had to pay $0.05 for a plastic bag. I figured the reason for not having a Walmart was the same as for NYC where I am from, cause it hurts smaller businessesbor something like that. I could be wrong.


However, I never seen so many Walgreens in my life until I went to San Francisco :o

It's called Commiefornia for a reason.  Don't worry, everyone in San Francisco is either as rich as sin or a homeless bum that is living an above middle class lifestyle.  When you're as rich as sin you can be concerned with things like insuring that every homeless bum has free housing and owns a Chihuahua (yes they actually get free Chihuahuas, I wonder why so many homeless go there, could there be some kind of connection?).

QuoteWhile you were in San Francisco did the new soda tax kick in yet?

Anyone who supports this kind of soda tax should be thrown into the Boston Harbor by people dressed as Native Americans.  Of course, since California is trying to secede from the United States now, they probably no longer consider their sevles Americans.


Say what you want about Democratically-controlled California, but after Der Arnold left, Gov. Brown raised taxes on the rich, and the state went from huge deficits to huge surpluses. Now, contrast this with, say, Kansas, where taxes were slashed, bare-bones style. Result? Huge deficits. Now, I think the soda tax might be a wee bit going too far, but hey, sugar can be as addictive as nicotine or alcohol, not to mention it can help to promote diabetes, which I have. For the sake of health, paying a tad more on a tax might just discourage enough people to cut back on taking in something that could affect their health. And I can't swim, nor do I want to...  :D

ASS-P


...To answer just one parrt of your comment - As far as secession goes , do you remember all the people (especially in Texas) who went on and on about seceding during Obama,s terms ?
  If not , I,ll link to Web thiings about it .













hor=Alexandra Cabot link=topic=393.msg8797#msg8797 date=1485730044]
Quote from: Archiecomicxfan215 on January 28, 2017, 11:40:30 AM
^ i went to the Target in San Francisco when i was on vacation. I liked it but i was surprised that i had to pay $0.05 for a plastic bag. I figured the reason for not having a Walmart was the same as for NYC where I am from, cause it hurts smaller businessesbor something like that. I could be wrong.


However, I never seen so many Walgreens in my life until I went to San Francisco :o

It's called Commiefornia for a reason.  Don't worry, everyone in San Francisco is either as rich as sin or a homeless bum that is living an above middle class lifestyle.  When you're as rich as sin you can be concerned with things like insuring that every homeless bum has free housing and owns a Chihuahua (yes they actually get free Chihuahuas, I wonder why so many homeless go there, could there be some kind of connection?).

QuoteWhile you were in San Francisco did the new soda tax kick in yet?

Anyone who supports this kind of soda tax should be thrown into the Boston Harbor by people dressed as Native Americans.  Of course, since California is trying to secede from the United States now, they probably no longer consider their sevles Americans.

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