Sears bankruptcy, HERE'S THE FIX

Any business, especially retail should take note of the condition

of their floors? Be it concrete, tiled, or parquet. If it's dirty, shabby

looking, that's an indication of a lazy manager.

Keep your floor immaculate and maintained by your maintenance,

scrubbers, even a little Pine-Sol and a hot mop goes a long way.

The big box retail mall is dead and any brick and mortar stores associated with it. This has been true for a while.

Alan

Store within a store concept like Best Buy went to.

If you feel that you HAVE to have physical sites, you HAVE to go to with two different things.

Store within a store concept like Best Buy went to. Best Buy was dead in the water, stores closing all over the place and floundering until they did this.

Second thing is site-based delivery for online orders. Eliminate need for gigantic warehouses. Closest Sears to someone that has the items in stock sends them to the customer. Employees either go to stock-room or pull the order off existing floor merchandise. Gets item to customer faster. Company still charges same in shipping. Follow the "Kohls" example with this.

"This just shows how inefficient capitalism can be. ...

Not very bright are you. This show exactly how efficient capitalism is!! You are completely and totally on the wrong side of that statement.

gloria wrote:

Any business, especially retail should take note of the condition

of their floors? Be it concrete, tiled, or parquet. If it's dirty, shabby

looking, that's an indication of a lazy manager.

Keep your floor immaculate and maintained by your maintenance,

scrubbers, even a little Pine-Sol and a hot mop goes a long way.

You think Sears is going bankrupt due to dirty floors?

Nothing to do with the seismic shift in retail due to on-line competition???

yuseffasshat wrote:

gloria wrote:

Any business, especially retail should take note of the condition

of their floors? Be it concrete, tiled, or parquet. If it's dirty, shabby

looking, that's an indication of a lazy manager.

Keep your floor immaculate and maintained by your maintenance,

scrubbers, even a little Pine-Sol and a hot mop goes a long way.

You think Sears is going bankrupt due to dirty floors?

Nothing to do with the seismic shift in retail due to on-line competition???

But recall Amazon is getting into brick and mortar, and when I go into their current properties (Whole Foods), it doesn't look as lifeless, depressing, dirty, and mid-70s as every Sears I visited from maybe the early 80s until 2000. It was in no way just "online" that killed Sears. It was sitting on laurels that did it. They were big, that was never going to change, so they never changed.

"This just shows how inefficient capitalism can be. "

Heck, I think it shows the exact opposite. If you don't have a good idea. If you are serving the public. If you aren't keeping up with the times. You will fail.

It took awhile because Sears was so big.

BTW: Lampert's purchase of Sears was smart. It was way more valuable than the stock price was when he purchased it. However, he either needed to break it apart into little pieces and close down or sell off the retail business right away, or he needed to invest and modernize the retail business. But, it's easy to backseat drive.

He won't be crying to long. He's still a billionaire.

1993

They closed a couple hundred stores, ENDED THE CATALOG, and fired 50,000.

All so the stock price would look good. For a while.

At the same time there was WalMart (better matching what the standard American was now), Kohl's, Best Buy, Home Depot, Harbor Freight, etc., were getting traction. "I need a ________. Sears is closed, we don't have the catalog anymore, what to do?"

Freeking duh. Yeah, they had to do something. But this assured fail. They could have spun off into stores of value, the tools, the Kenmore stuff, clothes, heck, HOUSES (tiny houses, anyone?). But they didn't.

A couple 'investment bankers' made out okay, though, so all is fine, right?

yeah, they got blindsided and it's just due to being short sighted.

A company with that big of a history as a catalog retailer and they didn't have the vision to spin that into on-line sales. Shame.

Sears sold the Craftsman brand a while ago to Stanley Black and Decker. They say that they are continuing to honor the replacement policy.

Slim wrote:

My local Sears is somewhat depressing, and I see no way for it to stay in operation. But I sure hope Craftsman continues its hand tool replacement policy at another location such as Lowe's (who now sells small amounts of Craftsman tools). Almost every single one of my hand tools is Crafstman, and I've replaced several over the years at Sears with no questions asked.

Sears won't exist after the Ch 11 re-org allows the investment crowd to squeeze the remaining funds out of it, so WHO will provide tool replacements?

That said, this is not your daddy's world, and who buys or even uses tools anymore? The only non-commercial tool anyone cares about is the thing that lets you pry the back off your smartphone, before you give up and just buy a new one. DeWalt is a thing for people who use tools at their jobs.

The rest of us hire someone, or buy something new. Tools? What?

Capitalism is very inefficient. However, it is much more efficient that any other economic system attempted or devised.

The valid argument for the Sears example is inefficient is that they should have already gone out of business. It is/was inefficient for them to be lumbering along for years as some dying zombie corporation.

Stanley Black and Decker, who owns the Craftsman brand now. Fwiw, they also own DeWalt.

Current with the times wrote:

Sears won't exist after the Ch 11 re-org allows the investment crowd to squeeze the remaining funds out of it, so WHO will provide tool replacements?

Current with the times wrote:

That said, this is not your daddy's world, and who buys or even uses tools anymore? The only non-commercial tool anyone cares about is the thing that lets you pry the back off your smartphone, before you give up and just buy a new one. DeWalt is a thing for people who use tools at their jobs.

The rest of us hire someone, or buy something new. Tools? What?

Everybody goes to Menards, Lowes, or Home Depot to buy tools now.