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Message

re: Sears and KMart closing more stores

Posted on 5/31/18 at 11:48 am to
Posted by Koach K
Member since Nov 2016
4610 posts
Posted on 5/31/18 at 11:48 am to
The real question is are they going to ride the real estate all the way down into the bottom of the toilet.
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 5/31/18 at 11:53 am to
I remember when Cramer said shld would be the next brk/a
Posted by DCtiger1
Member since Jul 2009
10258 posts
Posted on 5/31/18 at 12:00 pm to
quote:

Sears is looking at selling off Kenmore. I think they sold Craftsman a few years ago.


I saw craftsman in Lowe’s for the first time a few weeks ago. Was a pleasant surprise
Posted by GEAUXmedic
Joplin, MO
Member since Nov 2011
41637 posts
Posted on 5/31/18 at 12:04 pm to
The execs did see it. The current CEO Eddie Lampert set it up to where he would make more money off the real estate than keeping the stores open.
Posted by Will Cover
Davidson, NC
Member since Mar 2007
39545 posts
Posted on 5/31/18 at 12:04 pm to
quote:

I saw craftsman in Lowe’s for the first time a few weeks ago. Was a pleasant surprise


I'm not sure it is of the same "quality" that Craftsman was once well-known for.

Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 5/31/18 at 12:11 pm to
Where will I buy Craftman’s tools?
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 5/31/18 at 12:13 pm to
My parents & grandparents talk about wiping their asses with the ‘Sears & Roebuck’ catalog.
Posted by GEAUXmedic
Joplin, MO
Member since Nov 2011
41637 posts
Posted on 5/31/18 at 12:17 pm to
quote:

Where will I buy Craftman’s tools?


Saw them at Lowe's yesterday.
Posted by LSUBFA83
Member since May 2012
3852 posts
Posted on 5/31/18 at 12:17 pm to
Lake Washington seems like it has some interesting places. I drive past there frequently but have never stopped.
Posted by TheFonz
Somewhere in Louisiana
Member since Jul 2016
22039 posts
Posted on 5/31/18 at 12:58 pm to
My grandparents were very loyal Sears people. But like a lot of very loyal Sears people, they're dead now. Sears didn't adapt with technology to attract young people. Survival of the fittest.
Posted by gumbo2176
Member since May 2018
18187 posts
Posted on 5/31/18 at 1:01 pm to
Sears has been going downhill for years. Hooking up with K-Mart didn't help them one bit.

The store on Veterans Blvd. in Metairie is like a ghost town. I swear, you could shoot of several rounds of birdshot in that place and not hit a soul.

I don't know how much longer that one can stay in business and it wouldn't surprise me to see it on the list of closures.
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38261 posts
Posted on 5/31/18 at 1:07 pm to
quote:

Especially since Trader Joe's will take its place*.

Would be so clutch.
Posted by LSUGRAD2008
Baton Rouge
Member since Mar 2018
482 posts
Posted on 5/31/18 at 1:16 pm to
quote:

Sears is looking at selling off Kenmore. I think they sold Craftsman a few years ago.


Lowes is carrying craftsman now
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39289 posts
Posted on 5/31/18 at 1:21 pm to
quote:

I remember when Cramer said shld would be the next brk/a


It was very obvious that's what Lampert was going for.

But eventually Warren sold / shut down all the mills. By the time Lampert does that, there won't be any cash left.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39289 posts
Posted on 5/31/18 at 1:25 pm to
quote:

The store on Veterans Blvd. in Metairie is like a ghost town. I


Few weeks ago, I was looking for some new grilling tools. Looked around and what I wanted, at the best price, was actually at Sears, and there was an additional 30% if you ordered it online for store pickup.

I did so. I have not shopped at Sears in years.

About an hour later, got an e-mail with a bar code, instructions on where exactly to park, where to enter the store. Did as told. Walked into an old hallway where there was a kiosk with a sign saying to scan your bar code. I did so, and about 90 seconds later, out comes a man with my order.

It was a very, very easy experience and I never stepped foot on the sales floor.

But it's probably too little, too late.

Now Kmart? I have no concept how they are still operational, at all. Every time I go there, which is rare, I want to shoot myself. It is 100 times worse than WalMarks could ever be.
Posted by Roberteaux
mandeville
Member since Sep 2009
6133 posts
Posted on 5/31/18 at 1:32 pm to
quote:

Especially since Trader Joe's will take its place*.

* Maybe.


God I hope so. Not because I'm some big Trader Joe's fan or anything, but because I know they will make it a much better development than what the previous K Mart craphole was.
Posted by NoSaint
Member since Jun 2011
12087 posts
Posted on 5/31/18 at 1:33 pm to
quote:

About an hour later, got an e-mail with a bar code, instructions on where exactly to park, where to enter the store. Did as told. Walked into an old hallway where there was a kiosk with a sign saying to scan your bar code. I did so, and about 90 seconds later, out comes a man with my order.

It was a very, very easy experience and I never stepped foot on the sales floor.


Did similar a few years back on a tv, and also a saw... I can’t imagine saying “let’s go to sears” but will check them online for the right types of purchases
Posted by teke184
Zachary, LA
Member since Jan 2007
101874 posts
Posted on 5/31/18 at 1:55 pm to
I don’t think K-Mart has changed much in about 20 years.

The only thing keeping them around in some places is a relative lack of competition and that still didn’t save them in towns like Gonzales and Natchez.


Their merchandise is generally lesser quality than Wal-Mart, their stocking and organization sucks, and they feel like they’re stuck in a time warp back to the late 80s because they can’t or won’t spend any money to update their stores.
Posted by crash1211
Houma
Member since May 2008
3429 posts
Posted on 5/31/18 at 2:13 pm to
quote:

Sears didn't adapt with technology to attract young people. Survival of the fittest.


Seems strange to me because the catalog was a precursor to online shopping. I think getting rid of the catalog was the start of their downfall. I can see how they could have ramped that up to be a big online retailer like Amazon. They had a lot of the pieces in place at one time.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
452631 posts
Posted on 5/31/18 at 2:14 pm to
quote:

I am shocked kmart had stores still open

i read todayt he one in LC was closing. it's sad
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