Sears aims to close up to 150 stores in bankruptcy, sources say

dinkydow · 10-13-2018, 06:04 AM

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.

https://www.msn.com/en-us/money/comp...lDr?li=BBnbfcN
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Sears is run by a hedge fund guy. He’s dismembering the company bit by bit. I don't know that there is a Sears store still open in Ohio.

Sanders · 10-13-2018, 08:28 AM

Sears has been dying a slow death for many years.

If they had leveraged their catalog sales experience into the internet, there would not be an Amazon today.

aviator · 10-13-2018, 09:39 AM

They should have stayed with the catalog long time ago and go online, they got taken over my KMart which is negro owned. Bad decision. Down here they opened a fancy store in every new shopping mall just to watch it go down the drain years later while other stores survived. Something is wrong with their business model. Remember when they used to sell guns and ammo? And their tools were the best in the market? They used to sell complete house kits by mail too. Big international company wiped out by technology and poor management.

Diesel 88888888 · 10-14-2018, 11:51 AM

Put 'Sears & Roebuck' on line and let Amazon take over its operation...moneymaker there!

500grains · 10-14-2018, 04:22 PM

I wonder how many affirmative action executives it took to bring this about.

Stalky · 10-14-2018, 05:16 PM

I still have the last firearm I bought from Kmart. Whatever it was.
Bought lots of 22lr ammo also.
The SMLE came from there.Sporterized,my first deer rifle as a kid.

Hunter07 · 10-14-2018, 07:39 PM

They closed the huge Sear's store at the Mall in Mankato a few years ago.

There's still a small Sear's "Neighborhood Store" here in New Ulm where I can go and buy anything that Sear's sells. The store may have to order it, but I can get whatever I want from them, through this store. I can pick it up there or, they will deliver it straight to the house.

I hope the store here stays open.

MrKalashnikov · 10-14-2018, 10:22 PM

I grew up with Sears & JC Penney stores in the 50's, 60's, and 70's.

Both are circling the bowl today due to mismanagement & foreign competition.

Just another piece of America disappearing. RIP

Diesel 88888888 · 10-14-2018, 11:02 PM

When I was a kid we would go into Sears to look at our feet though their fluoroscope because it was cool to see the bones in our toes and all...then someone ruined it all by finding that it could cause cancer...those were the days my friend, we thought they would never end...and etc.

Stalky · 10-14-2018, 11:13 PM

Still miss the local mom and pop stores I grew up with.
Riding my bicycle to them.
Getting a soda and crackers.

Angry White Trash · 10-15-2018, 07:50 AM

I remember when you could mail order guns from a Sears catalog.

thefundamentalist · 10-15-2018, 04:46 PM

No matter what happens, Eddie Lampert will come out richer.

10-13-2018, 06:04 AM	#1
dinkydow Moderator Join Date: Mar 2006 Location: The Great White North Posts: 96,466	Sears aims to close up to 150 stores in bankruptcy, sources say 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. https://www.msn.com/en-us/money/comp...lDr?li=BBnbfcN -------- Sears is run by a hedge fund guy. He’s dismembering the company bit by bit. I don't know that there is a Sears store still open in Ohio. __________________ Our forefathers would have already been shooting...by now. "Let your plans be dark and as impenetrable as night, and when you move, fall like a thunderbolt." "Violence of action means the unrestricted use of speed,strength, surprise and aggression to achieve total dominance against your enemy...any fighting technique is useless unless you totally commit to violence of action." Burning huts in commy vills worldwide since 1968

10-13-2018, 08:28 AM	#2
Sanders Moderator Join Date: Mar 2006 Posts: 66,460	Sears has been dying a slow death for many years. If they had leveraged their catalog sales experience into the internet, there would not be an Amazon today. __________________ "The truly dangerous man dresses inconspicuously and is soft- spoken. He walks away from most confrontations. The only time you learn that the truly dangerous man is mad at you is a split second before you die, for he never fights. He only kills. The truly dangerous man knows that fighting is what children do and killing is what men do." - Charley Reese 1986 3

10-13-2018, 09:39 AM	#3
aviator unum de multis Join Date: Mar 2006 Location: Bunker's Headquarters. Posts: 52,383	They should have stayed with the catalog long time ago and go online, they got taken over my KMart which is negro owned. Bad decision. Down here they opened a fancy store in every new shopping mall just to watch it go down the drain years later while other stores survived. Something is wrong with their business model. Remember when they used to sell guns and ammo? And their tools were the best in the market? They used to sell complete house kits by mail too. Big international company wiped out by technology and poor management. __________________ "Government is not the solution to our problem, government is the problem." Pesident Ronald Reagan

10-14-2018, 11:51 AM	#4
Diesel 88888888 slug Join Date: Nov 2012 Location: Seattle, WA Posts: 35,823	Put 'Sears & Roebuck' on line and let Amazon take over its operation...moneymaker there! __________________ Diesel 88888888 Duty is Action; Fight Or Die! Fight Or I'll Kill You Myself!

10-14-2018, 04:22 PM	#5
500grains Soldier of Allah Join Date: Dec 2008 Location: Crackerland Posts: 31,662	I wonder how many affirmative action executives it took to bring this about. __________________ Racism will keep you alive.

10-14-2018, 05:16 PM	#6
Stalky Senior Member Join Date: Jul 2014 Posts: 8,076	I still have the last firearm I bought from Kmart. Whatever it was. Bought lots of 22lr ammo also. The SMLE came from there.Sporterized,my first deer rifle as a kid.

10-14-2018, 07:39 PM	#7
Hunter07 I'm a grumpy SOB Join Date: Feb 2008 Location: Frostbite Falls, MN Posts: 10,522	They closed the huge Sear's store at the Mall in Mankato a few years ago. There's still a small Sear's "Neighborhood Store" here in New Ulm where I can go and buy anything that Sear's sells. The store may have to order it, but I can get whatever I want from them, through this store. I can pick it up there or, they will deliver it straight to the house. I hope the store here stays open.

10-14-2018, 10:22 PM	#8
MrKalashnikov Deplorable Join Date: May 2008 Location: Behind The Iron Curtain Posts: 8,056	I grew up with Sears & JC Penney stores in the 50's, 60's, and 70's. Both are circling the bowl today due to mismanagement & foreign competition. Just another piece of America disappearing. RIP

10-14-2018, 11:02 PM	#9
Diesel 88888888 slug Join Date: Nov 2012 Location: Seattle, WA Posts: 35,823	When I was a kid we would go into Sears to look at our feet though their fluoroscope because it was cool to see the bones in our toes and all...then someone ruined it all by finding that it could cause cancer...those were the days my friend, we thought they would never end...and etc.

10-14-2018, 11:13 PM	#10
Stalky Senior Member Join Date: Jul 2014 Posts: 8,076	Still miss the local mom and pop stores I grew up with. Riding my bicycle to them. Getting a soda and crackers.

10-15-2018, 07:50 AM	#11
Angry White Trash slug Join Date: Jul 2013 Location: Ice Station Zebra Posts: 15,401	I remember when you could mail order guns from a Sears catalog.

10-15-2018, 04:46 PM	#12
thefundamentalist Senior Member Join Date: Jan 2009 Posts: 10,887	No matter what happens, Eddie Lampert will come out richer.