Unfortunately one of these stores is where I purchase my Smitty's Super S oil.
http://fortune.com/2016/04/22/sears-kmart-stores-close-where/
http://fortune.com/2016/04/22/sears-kmart-stores-close-where/
Sears closing 78 K-mart/Sears stores
- Thread starter Egg_Head
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Originally Posted By: bigt61
Competition killed Sears & Kmart.
That's not correct. Edward Lampert and his incompetence as the CEO of Sears Holdings bears responsibility for the downward spiral of both brands. The way the various business units at Sears Holdings are managed and pitted against each other simply doesn't work.
Competition killed Sears & Kmart.
That's not correct. Edward Lampert and his incompetence as the CEO of Sears Holdings bears responsibility for the downward spiral of both brands. The way the various business units at Sears Holdings are managed and pitted against each other simply doesn't work.
Bummer, i like Kmart, best place to buy my wife clothes that are not funky designer carp. Also like sears. Sad that years ago Monkey Ward closed.
Originally Posted By: bigt61
I really only liked Sears for the tools and the Kenmore appliances.
Me too, although every time I went there I saw tons of old stock that was covered in dust. For example, the quarts of SL oil with the faded labels that were still $10. Their business model is outdated and it's a miracle that they've made it this far. It's a shame.
I really only liked Sears for the tools and the Kenmore appliances.
Me too, although every time I went there I saw tons of old stock that was covered in dust. For example, the quarts of SL oil with the faded labels that were still $10. Their business model is outdated and it's a miracle that they've made it this far. It's a shame.
I still love Craftsman Tools & Die Hard auto batteries! Among the Best!
Originally Posted By: Pop_Rivit
Originally Posted By: bigt61
Competition killed Sears & Kmart.
That's not correct. Edward Lampert and his incompetence as the CEO of Sears Holdings bears responsibility for the downward spiral of both brands. The way the various business units at Sears Holdings are managed and pitted against each other simply doesn't work.
All this started when Kmart decided under pressure from gun-control advocates to stop selling firearms and ammunition.
Ever since they have contracted. Kmart/Sears is just feeding of the "it's not Wal-Mart" mentality. Kmarts should be turned into "Sears" branded stores, and serious store upgrades are needed.
Dollar General has better stores. Serious management shakeup needs to happen, J.C. Penny's took out their CEO, He was on the job for 17 months when he was fired.
Originally Posted By: bigt61
Competition killed Sears & Kmart.
That's not correct. Edward Lampert and his incompetence as the CEO of Sears Holdings bears responsibility for the downward spiral of both brands. The way the various business units at Sears Holdings are managed and pitted against each other simply doesn't work.
All this started when Kmart decided under pressure from gun-control advocates to stop selling firearms and ammunition.
Ever since they have contracted. Kmart/Sears is just feeding of the "it's not Wal-Mart" mentality. Kmarts should be turned into "Sears" branded stores, and serious store upgrades are needed.
Dollar General has better stores. Serious management shakeup needs to happen, J.C. Penny's took out their CEO, He was on the job for 17 months when he was fired.
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The one near me which is bout 4 miles from the girlfriends house is closing. I will hit that store Memorial Day or after to see what they clearance oil at
The article didn't say Sears was gone. No stores in my area closing. If people like to keep their local walk in stores, order from their online site instead of Amazon. I have ordered quite a bit from Sears online and picked it up in the store or got free shipping. If I need to return, I can take it to the store.
The past year I have been buying more from Sears and Kmart.
There are no physical Kmart stores here but I did purchase a jack from them. They run some deep discounts using an awards program and coupon codes.
Got a craftsman SUV jack shipped to my door for 35 dollars the other week.
Then they ran another sale, and I combined it with rewards points to get a set of tires put on my wife's car for $298 out the door. Sears branded H rated tires made by cooper.
They were over $125 cheaper than discount tire.
I don't particularly like the store, but it seems they are throwing deep discounts out there just to attract any customers at all.
I have never seen a Kmart in central Texas, and the ones in New York were dumpy garbage stores, overpriced.
There are no physical Kmart stores here but I did purchase a jack from them. They run some deep discounts using an awards program and coupon codes.
Got a craftsman SUV jack shipped to my door for 35 dollars the other week.
Then they ran another sale, and I combined it with rewards points to get a set of tires put on my wife's car for $298 out the door. Sears branded H rated tires made by cooper.
They were over $125 cheaper than discount tire.
I don't particularly like the store, but it seems they are throwing deep discounts out there just to attract any customers at all.
I have never seen a Kmart in central Texas, and the ones in New York were dumpy garbage stores, overpriced.
The last remaining Kmart in my area is on the closure list... But 2 of the smaller non- mall Sears stores ( in smaller towns) in the area are remodeling...
http://limaohio.com/news/176561/sears-unveils-upgrades-at-st-marys-van-wert-stores
http://limaohio.com/news/176561/sears-unveils-upgrades-at-st-marys-van-wert-stores
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I stopped by our mall and both the tire and auto part seperate from SEARS and SEARS inside the mall are both closing June 5
Originally Posted By: Vern_in_IL
Originally Posted By: Pop_Rivit
Originally Posted By: bigt61
Competition killed Sears & Kmart.
That's not correct. Edward Lampert and his incompetence as the CEO of Sears Holdings bears responsibility for the downward spiral of both brands. The way the various business units at Sears Holdings are managed and pitted against each other simply doesn't work.
All this started when Kmart decided under pressure from gun-control advocates to stop selling firearms and ammunition.
Firearms sales had nothing to do with it. Sears (and I'll lump Kmart into that mix as well) has been out of touch with the retail market for years. When they started having financial issues they spun off some of their valuable assets, such as Land's End, in order to raise capital. Sears has run out of assets to sell, and is beginning the slow death spiral of closing core business locations.
Not only does Sears have an identity crisis, but they've stopped investing in the brand's future, and the entire business strategy is unsustainable. They have an ever increasing amount of debt and an ever decreasing amount of equity.
Lampert has tried to run a retail organization in the same format as he has run a hedge fund portfolio. With multiple business segments competing against each other the organizational structure is now entirely decentralized. In retail, it's crucial that the organizational units cooperate with each other, but instead they're in direct competition with each other over a scarce resource base. Combine that with a balance sheet that has been effectively strip mined and you end up with a poorly managed company with a debt to equity ratio that has been severely diminished.
Make no mistake-the equity value of Sears Holdings is lurching it's way to zero, and it has nothing to do with firearms sales. The picture and problems are much, much bigger than that.
Originally Posted By: Pop_Rivit
Originally Posted By: bigt61
Competition killed Sears & Kmart.
That's not correct. Edward Lampert and his incompetence as the CEO of Sears Holdings bears responsibility for the downward spiral of both brands. The way the various business units at Sears Holdings are managed and pitted against each other simply doesn't work.
All this started when Kmart decided under pressure from gun-control advocates to stop selling firearms and ammunition.
Firearms sales had nothing to do with it. Sears (and I'll lump Kmart into that mix as well) has been out of touch with the retail market for years. When they started having financial issues they spun off some of their valuable assets, such as Land's End, in order to raise capital. Sears has run out of assets to sell, and is beginning the slow death spiral of closing core business locations.
Not only does Sears have an identity crisis, but they've stopped investing in the brand's future, and the entire business strategy is unsustainable. They have an ever increasing amount of debt and an ever decreasing amount of equity.
Lampert has tried to run a retail organization in the same format as he has run a hedge fund portfolio. With multiple business segments competing against each other the organizational structure is now entirely decentralized. In retail, it's crucial that the organizational units cooperate with each other, but instead they're in direct competition with each other over a scarce resource base. Combine that with a balance sheet that has been effectively strip mined and you end up with a poorly managed company with a debt to equity ratio that has been severely diminished.
Make no mistake-the equity value of Sears Holdings is lurching it's way to zero, and it has nothing to do with firearms sales. The picture and problems are much, much bigger than that.
I go to SEARS after Christmas since they have tons of clearance clothing on sale plus I use the 25% off coupon in their sales flyer.
I notice the stores are always empty and few employees working if I go during the weekday.
I notice the stores are always empty and few employees working if I go during the weekday.
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Originally Posted By: Egg_Head
Sears closing 78 K-mart/Sears stores.
Unfortunately one of these stores is where I purchase my Smitty's Super S oil.
http://fortune.com/2016/04/22/sears-kmart-stores-close-where/
I always thought KMart bought Sears 10 or-so years ago.
Sears closing 78 K-mart/Sears stores.
Unfortunately one of these stores is where I purchase my Smitty's Super S oil.
http://fortune.com/2016/04/22/sears-kmart-stores-close-where/
I always thought KMart bought Sears 10 or-so years ago.
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