- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Sears Rejects Lampert Bid, Cue Up the Fat Lady
Posted on 1/8/19 at 9:14 am to Mingo Was His NameO
Posted on 1/8/19 at 9:14 am to Mingo Was His NameO
quote:
I don't see how he benefits from running the company way down the shitter and then buying it.
I don’t either, especially without a guarantee that his bid to purchase would be approved.
0
Posted on 1/8/19 at 9:14 am to member12
quote:
I guess they think they can get more for the Sears real estate and inventory?
Likely. They still own the Kenmore and DieHard brands which may bring some $$$ from a buyer, other companies may buy their home services business and/or their smaller stores in rural areas, plus they lease most of their facilities so in liquidation those costs go away after a shorter period than the leases.
Posted on 1/8/19 at 9:16 am to TigerstuckinMS
quote:
It sure seems like that's a possibility. It's certainly not an arm's length transaction he was trying to pull off.
Meh...
CEO’s don’t want to go to prison. He knew his attempt to purchase would be put under a microscope...I’m willing to give him the benefit of the doubt here.
Posted on 1/8/19 at 9:16 am to fallguy_1978
quote:
I don't think JCPenney will be with us much longer either.
I agree they're the next one to watch. Moving into appliances (which is dominated by Lowe's, Home Depot, and Best Buy) wasn't a smart move.
Posted on 1/8/19 at 9:22 am to meeple
quote:
This thread gives me the sads. I miss the days of being a preteen back in the early 90s and walking through Mervyn’s, “Penneys” and the like looking at all of the interesting gift ideas they set around on tables.
I’m sad because I used to jerk to the bra and panties section of the Sears catalog as a 13 y/o. Sears helped me stave off blue balls.
Posted on 1/8/19 at 9:24 am to olgoi khorkhoi
quote:
I’m sad because I used to jerk to the bra and panties section of the Sears catalog as a 13 y/o. Sears helped me stave off blue balls.
I still have a few if you want them. Some of the pages are stuck together though
Posted on 1/8/19 at 9:27 am to olgoi khorkhoi
quote:
I’m sad because I used to jerk to the bra and panties section of the Sears catalog as a 13 y/o
I was a Sears catalog lad myself. Victoria's Secret was like porn when it came out
Posted on 1/8/19 at 9:31 am to Mingo Was His NameO
quote:
Yeah Walmart has the brand recognition,, capital, physical infrastructure, and logistics to make a huge online play if they are smart. They seem to be doing most things right and the moment so we will see what happens. Amazon has become less novel and hip as it's become so mainstream that Walmart can claw their way back into this thing.
Walmart's curbside grocery service has been a huge win for them They are showing Sears how to pivot and be niche in an age of increased competition
Posted on 1/8/19 at 9:33 am to Mingo Was His NameO
quote:
Close the company and sell your real estate piece by piece. It's honestly probably the smarter move. Were they to try to save this thing it'd be a shite ton of work with not a great likelihood of success.
This is probably correct but no one else wants it. The ONLY reason they have for rejecting the offer is the company is worth more dead than alive......and the 50K employees can just go frick themselves I guess.
Posted on 1/8/19 at 9:38 am to Ace Midnight
quote:
It just feels too little, too late. I mean,
Walmart was absolutely late to the game. But, they realized that both their stores, and more importantly, their distribution network, were a huge benefit to online shopping.
I can order something on Walmart.com and it's ready for pickup in a few hours. And with the stores that have the new tower system, I don't have to talk to anyone.
As Amazon moves more into same day delivery, it may mute some of that from WalMart, but, Amazon has a long way to go on that model in the smaller markets where WalMart is dominant.
I don't mind going into Walmart stores if I don't have to actually shop / check-out there. If I can place an order for something, and pick it up on my way home from work, at the same price that Amazon is charging, and not have to wait for Prime delivery, that's huge.
Posted on 1/8/19 at 9:39 am to LSUFanHouston
quote:
I don't mind going into Walmart stores if I don't have to actually shop / check-out there.
I've actually been impressed with WalMart recently. Last time I went, they had like 12 self-checkout lanes open and they all worked. I was in and out in 10 minutes.
Posted on 1/8/19 at 9:41 am to Tyga Woods
quote:
As long as they can keep their operating costs under control they can still be successful.
That and their inventory costs.
Sears stores are empty. JCP stores are full of shoppers. Now, they are bargain-minded shoppers looking for a "deal". And with more research available to shoppers today, they aren't going to be fooled by the old "double the price and sell it at 50% off" stuff.
The question for JCP is, can they actually make any money doing what they do? There is a market out there for the "I need a dress for tonight" crowd. But, can they be profitable? Currently, they are not.
Posted on 1/8/19 at 9:43 am to TigerstuckinMS
quote:
He was the CEO of the company and steered it into bankruptcy, then later made a bid to buy it out of bankruptcy at a discount because he wanted its parts. You're going to tell me that's not a little fishy, at the very least? It seems to me that he had ZERO interest in that company surviving.
I think he milked it for all it was worth.
But, running a company poorly, and for personal benefit, generally isn't, at least using the last 20 years as a guide, considered enough for a perp walk.
Now, civil liability from pissed off shareholders and debtholders? Absolutely
Posted on 1/8/19 at 9:44 am to fallguy_1978
quote:
It's going to be tough for malls to fill all of those empty anchor stores.
Old school malls are about dead.
Posted on 1/8/19 at 9:45 am to Tigeralum2008
quote:
Walmart's curbside grocery service has been a huge win for them They are showing Sears how to pivot and be niche in an age of increased competition
To be fair, Sears wasn’t in the grocery game. Not a huge market for curbside pickup of U.S Polo Assn. jeans and 1990’s model Reebok’s
Posted on 1/8/19 at 9:46 am to Tyga Woods
quote:
He knew his attempt to purchase would be put under a microscope...I’m willing to give him the benefit of the doubt here.
He's basically been unofficially liquidating Sears/KMart for the last 5 years. What in his past makes you think, now with 10 percent or so of the stores they used to have, that all of a sudden, he's going to want to run it as a going concern?
Posted on 1/8/19 at 9:51 am to kywildcatfanone
quote:
Old school malls are about dead
I think the mall near me does reasonably well. They do seem to have fallen out of favor for open air shopping centers.
Posted on 1/8/19 at 9:53 am to LSUFanHouston
quote:
He's basically been unofficially liquidating Sears/KMart for the last 5 years
Corporations close locations that constantly lose money. I believe Subway closed about 1200 locations over the past 3 years. Happens all the time.
I’m not defending Lampert, I just think Sears was a sinking ship that no one could’ve saved. And I’ll give him the benefit of the doubt regarding his attempt to purchase, as I would give anyone unless there was absolute proof.
Posted on 1/8/19 at 9:55 am to Tyga Woods
quote:
I just think Sears was a sinking ship that no one could’ve saved
The writing was on the wall when they started having to sell off profitable brands like Craftsman and Kenmore to stay afloat.
Posted on 1/8/19 at 10:01 am to fallguy_1978
quote:
The writing was on the wall when they started having to sell off profitable brands like Craftsman and Kenmore to stay afloat.
Yeah, and that was way before Amazon exploded. Maybe they should’ve just turned into an appliance/tool/auto company. 2/3 of their floorspace was apparel and jewelry and probably accounted for 1/4 of their business
Page 3 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News