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Shocking: Sears/KMart to close more stores
Posted on 11/7/19 at 7:08 pm
Posted on 11/7/19 at 7:08 pm
So apparently, Eddie Lampert running the company with a new name, is just as sucky as him running the company with the old name. Who knew?
LINK
So... he bought his own assets out of bankruptcy, he will now have closed 122 stores and have 182 left to close at some point. I'm sure the management fees are fat as ever.
LINK
quote:
Going-out-of-business sales in the 96 stores — 51 Sears and 45 Kmart — slated to close will begin Dec. 2, Transform said in a statement.
After the closures, the company will operate 182 stores and “will continue to evaluate our Sears and Kmart footprint,” it said in a statement.
Transform had announced store closings in August, shuttering some 21 Sears stores and five Kmart stores across the U.S. Sears filed for bankruptcy in October 2018.
So... he bought his own assets out of bankruptcy, he will now have closed 122 stores and have 182 left to close at some point. I'm sure the management fees are fat as ever.
This post was edited on 11/7/19 at 7:11 pm
21
Posted on 11/7/19 at 7:09 pm to LSUFanHouston
Kmart sucks
Posted on 11/7/19 at 7:09 pm to LSUFanHouston
Kmarks
Posted on 11/7/19 at 7:10 pm to LSUFanHouston
Makes me feel better for cursing out the Indian on the line when discussing my sears warranty last week. Told him he’d lose his job and he should learn to code.
frick sears.
frick sears.
Posted on 11/7/19 at 7:12 pm to LSUFanHouston
Sears won't exist in another few years. Kmart has been dead for decades and they've allowed it to limp along.
Posted on 11/7/19 at 7:12 pm to LSUFanHouston
It has been in a death spiral for years, especially since pension costs have been high while they sold off / licensed out all the profit centers that would make people go to Sears like Craftsman tools and Kenmore appliances.
Posted on 11/7/19 at 7:12 pm to LSUFanHouston
Kmart and sears still have stores to close?
Posted on 11/7/19 at 7:13 pm to arseinclarse
Today’s yutes will never fully appreciate the joys of the sears catalog .
Posted on 11/7/19 at 7:22 pm to LSUFanHouston
quote:
After the closures, the company will operate 182 stores
How the hell are there still that many left?
Posted on 11/7/19 at 7:24 pm to Bestbank Tiger
My sister and friend shoplifted Barbie dolls from KMart about 40 years ago. Now these frickers are going out of business. I liked KMart having the slushee machine and the Grill.
Posted on 11/7/19 at 7:49 pm to LSUFanHouston
I did not know that they still existed.
Posted on 11/7/19 at 8:17 pm to Klingler7
quote:
My sister and friend shoplifted Barbie dolls from KMart
That's how it starts. Next thing you know Auntie is throwing herself on your grave.
Posted on 11/7/19 at 8:19 pm to LSUFanHouston
Mall of Louisiana Sears gonna be the last one in the country blee dat
Posted on 11/7/19 at 8:25 pm to LSUFanHouston
quote:
Eddie Lampert running the company with a new name, is just as sucky as him running the company with the old name
Ethically it’s a shite thing to do but financially he will make bank. This guy ranks right up there with the Waltons and the Sacklers.
Posted on 11/7/19 at 8:28 pm to LSUFanHouston
Sad what Sears has become. They were amazon before anybody knew what amazon was.
Posted on 11/7/19 at 8:33 pm to LSUFanHouston
Should've never closed Funtronics. 
Posted on 11/7/19 at 8:37 pm to Korin
Posted on 11/7/19 at 8:43 pm to Korin
When was that? I vaguely remember as a kid them having a random game setup like that in the store we went to. They didn't have many games as the years went on iirc.
Posted on 11/7/19 at 8:45 pm to LSUFanHouston
I didn’t think there were any kmarts around until I saw a few in south Florida a few months ago.
Posted on 11/7/19 at 8:51 pm to LSUFanHouston
quote:
will continue to evaluate our Sears and Kmart footprint
Footprint getting smaller and smaller, baw. What is there to evaluate as you continue to Blockbuster status?
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