I think Walmart deserves some credit for Sears demise.
You can bet the avaricious Lampert will weasel his big bonus out of this mess while screwing everyone else, true to his heritage.
I think Walmart deserves some credit for Sears demise.
You can bet the avaricious Lampert will weasel his big bonus out of this mess while screwing everyone else, true to his heritage.
TubbyMcGoo wrote:
I think Walmart deserves some credit for Sears demise.
You can bet the avaricious Lampert will weasel his big bonus out of this mess while screwing everyone else, true to his heritage.
Definitely Walmart, Amazon is getting the blame because it's easier for the big money executives to say they were blindsided by some new threat rather than just outmaneuvered by another brick and mortar store.
A chain of local grocery stores in my area remodeled all of their locations. They made all of the aisles narrower so they could squeeze in restaurants along one side of the store.
I don't shop there anymore, I know others that have stopped as well. I happened to strike up a conversation with one of their regional managers at a bar one night. He explained to me that Amazon was killing them. I told him that it was the crappy remodels that were killing them, nobody goes through Amazon for eggs and milk. That made him angry, he told me I didn't know what I was talking about. I felt like he wanted to fight me.
SEARS HERE'S WHAT YOU DO wrote:
Listen up, Sears.
Take some of the money you're going to get from your gigantic property holdings, then buy up every Radio Shack location or similar strip center place you can find.
Open "Craftsman Tool Center" in every one, and sell your tools, and only tools there.
When I look for tool stores where I live, I get Harbor Freight. Come on, you can't do better than that?
Alternately, you can wait for Amazon to open a store where you should have, and start selling their bestselling stuff, which will eventually include tools, since nobody can go to Sears any more to buy Craftsman.
You're welcome.
Have you ever heard of this place called a "hardware store"? I believe they sell tools there. There's probably even one in your town that's been in business for the last century or so. You don't even have to walk a quarter mile to find the tool department, you just walk in the door and there they are.
He should be in jail - yes, Sears was caught in the middle between Walmart/Costco at the cheap end and Amazon/high end specialty at the expensive end, but Eddie managed to get all his money out and more the whole time the stock was falling. He continually took huge management fees to himself, sold off brands and real estate to himself, and probably shorted the stock the whole way down through offshore accounts. Even now when he comes in to save Sears, he's just buying the remaining assets on the cheap, and again had chance for a windwall by buying the stock at 15 cents!!!!! and watching it pop up to a buck.
If he had suffered like a long term mom and pop investor, he wouldn't have had any billions left even to buy the remaining shell.
Sears is opening stores again, selling primary tools.
https://www.wsj.com/articles/sears-after-years-of-closures-is-opening-stores-again-11554379761
Sorry, I seemed to have missed the reason why we want Sears to be saved? Can someone fill me in?
Three stores opening. Alaska, Louisiana, Kansas.
These stores are an effort to gain market share from old people who won't shop online but still buy tools and such, but who will be dead in 10-15 years, so don't expect much here.
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