Sears/Kmart to close 120 stores.

Discussion in 'Economy' started by iamwhatiseem, Dec 27, 2011.

  1. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,833
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,128
    Christmas sales for these two outlets were down over 5% - which is of course horrendous.
    Kmart closures is not the most surprising thing of the week...Sears...sad.
     
    • Thank You! Thank You! x 1
    Last edited: Dec 27, 2011
  2. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,087
    Thanks Received:
    2,145
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,928
    But...but...Truthdosentmatter says the stimulus worked, the economy is good & getting better.
     
  3. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,490
    Thanks Received:
    19,874
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,511
    Will anyone notice?
     
  4. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,833
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,128
    I heard today the Christmas spending in 2011 was 30% below pre-economic levels.
    Can't confirm that...the numbers I see all over the net are equally all over the place.
     
  5. Mr Clean
    Online

    Mr Clean Gold Member

    Joined:
    Aug 23, 2009
    Messages:
    10,055
    Thanks Received:
    2,250
    Trophy Points:
    255
    Ratings:
    +3,827
    I don't wonder Sears is on the verge of going belly up.

    From my own personal experience, every single Craftsman power tool I've bought in the last 10 years or so has died a premature death with no satisfaction of any kind from Sears.

    Good riddance!
     
  6. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,490
    Thanks Received:
    19,874
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,511
    Sears used to be Christmas

    Every kid couldn't wait for their Christmas Toy Catalogue to come out
     
    • Thank You! Thank You! x 1
  7. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,833
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,128
    I disagree.
    It is sad. Sears did well for over 100 years by selling quality products with exceptional service. Those of us old enough to remember Sears prior to Americans choosing price over everything will remember Sears as a name you could trust. Flat out truth is their stores generally sold higher quality items - it is what they did....and it worked until the "WalMart mentality" gripped America and no one was willing to buy a $30 socket wrench when you could buy a whole set for $25. This obviously over the years had a dramatic and terrible consequence to Sears.
    Which BTW - is why Sears switched their revenue away from retail to finance.
     
  8. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,087
    Thanks Received:
    2,145
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,928
    Closing more stores means Craftsmen customers will have to drive further to swap out that broken wrench. Lowe's Kobalt guaranteed tools will become even more convenient for customers.
     
  9. Mr Clean
    Online

    Mr Clean Gold Member

    Joined:
    Aug 23, 2009
    Messages:
    10,055
    Thanks Received:
    2,250
    Trophy Points:
    255
    Ratings:
    +3,827
    Screw the broken wrench. That I could live with.

    My latest and biggest gripe with Sears was the snow blower that costs me $1200 and lasted only two years and died an unrepairable death of a cracked head casting to which Sears answer to me was that I should have bought the extended warranty.

    And there's been others. A weedwacker, a leaf blower, a drill, a power miter. All of which should have lasted a lot longer than they did.

    If Sears goes down the tube, it's because they sell crapola.
     
  10. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,087
    Thanks Received:
    2,145
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,928
    I have never been a fan of Sears power tools, just their hand tools because they were the only ones with the good warranty. For electric power tools I only buy Porter-Cable. For gas powered outdoor tools I only buy Stihl.

    Best-Buy has hammered Sears on electronics. Lowe's has done the same with tools & appliances. Cabelas has lifetime clothes warranty. Wal-Mart & the Dollar Stores have hammered K-Mart.

    Eddie Lampert bought into the real-estate bubble hype & held onto the Sears & K-Mart stores to make it big on these prime retail locations. He has egg on his face now that the value of these locations have plummeted.
     
    Last edited: Dec 27, 2011

Share This Page