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(BusinessWeek)   After years of more or less destroying Sears through sheer ineptitude as its chairman, hedge fund manager Eddie Lampert finally comes to his senses. Just kidding...he's making himself the CEO   (businessweek.com) divider line 25
    More: Dumbass, South Carolina, Chairman Edward Lampert, Eddie Lampert, electronic commerce, department store chain, EBITDA, Robert Rubin, SHLD  
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730 clicks; posted to Business » on 09 Jan 2013 at 2:05 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-09 11:53:49 AM  
Sears Sucker.
 
2013-01-09 02:18:52 PM  
The Sears closest to me right now has announced that it is going to die sometime this year, so I'm really getting a kick...
/the closest Kmart isn't looking so hot either
 
2013-01-09 02:22:57 PM  
It's a shame Sears used to be very good store, now it will be just another victim of Wall street
 
2013-01-09 02:27:48 PM  
Did Sears open back up again or something?
 
2013-01-09 02:45:56 PM  
Having grown up with a Sears catalog, I would have expected that if any of the old bricks-and-mortar stores could have transformed themselves into the sort of online superstore Amazon is today, it would have been Sears.  They missed the boat on that.

They tend to have good prices on appliances sold at their stand-alone appliance stores, but their advertising doesn't do a good job of telling you that such stores exist. They just say "go to Sears for appliances", which a lot of people might assume is referring to their mall stores which have a fraction of the selection.

It is interesting to see that they're going to sell their Craftsman line of tools outside of stores owned by Sears Holding. But Sears has never manufactured a Craftsman tool in its life - it always had third parties do it. Not sure how those companies will feel about cannibalizing shelf-space for their own brands with Craftsman tools. And when it comes down to it, are the specifications for Craftsman tools any better than those companies' own tool lines?

Same deal with Kenmore. Sears Holdings has all of their appliances manufactured by third parties. My own washer and dryer are just rebadged Frigidaire models. No idea if they have a better, worse or equivalent MTBF. So beyond a nostalgic brand name, why are they any better than other brands?
 
2013-01-09 03:07:08 PM  
I worked for Sears in college, and they were idiots back then when it came to managing inventory. We were always out of the most profitable items, like high end TVs or nice stereo receivers. Hell, we carried HP printers, but we were almost always out of the replacement ink carts, which made no goddamned sense. They really kept shooting themselves in the foot when their salespeople had never had the right things to sell.
 
2013-01-09 03:09:30 PM  

Danceswithwires: It's a shame Sears used to be very good store, now it will be just another victim of Wall street


So true. Growing up and even into my 30s, Sears was the place to go for difficult-to-find tools and reasonably priced, if slightly out-of-date, clothes. They've been in a slow glide into the dirt ever since they purchased Dean Witter.
 
2013-01-09 03:35:39 PM  
I would blame amazon.com for sears doing poorly. I haven't shopped there in ages.
 
2013-01-09 04:01:35 PM  

stuhayes2010: I would blame amazon.com for sears doing poorly. I haven't shopped there in ages.


Keep in mind that Sears killed their general catalog division back in 1993, a full year before Pizza Hut sold the first pizza online in 1994, and two years before Amazon existed.

That poor company has been dying for a long, long time.
 
2013-01-09 04:10:45 PM  
Sears has been dying a slow death my whole life, about 10 years ago they just got slightly dumpy. My family used to shop there all the time but stopped.

Other than kid's clothes I don't know have any other reason to shop there.
 
2013-01-09 04:19:17 PM  
Sears, the original online retailer.
Seriously, Amazon is just the old Sears and Roebuck catalog in digital form.
 
2013-01-09 04:49:45 PM  
He has the complexion for the connection, I guess.
 
2013-01-09 04:57:05 PM  
I went into Sear's to buy vacuum bags a few months ago and was looking at the TVs. Are they not aware that the internet exists? Their TVs were all about 30-40% more than what you'd find them for on Amazon. Nothing even close to a deal.
 
2013-01-09 06:00:04 PM  
Sears was a great place to buy tools, but I'm not sure why they bothered with the other departments.
 
2013-01-09 06:16:23 PM  

stuhayes2010: I would blame amazon.com for sears doing poorly. I haven't shopped there in ages.


I would say that is a force working against them for sure, but they've done a HORRIBLE job fighting back. They seem to be trying to become more online-oriented, which is far too little, being as they'll never beat Amazon on that turf. It should have come with a massive consolidation both of stores and of merchandise. For example, who the hell still buys (or ever bought) clothing from Sears??? They should be selling appliances, hardware, and automotive. Everything else? Dump it.

But they're run by a buffoon.
 
2013-01-09 06:38:46 PM  
Woodcraft had a 10 inch bandsaw for $200, Sears had the exact bandsaw (manufacturer, parts and everything) for $330. How can you shop there? Plus you have 10X more knowledgable staff at Woodcraft.

I grew up with Craftsman and they seemed to last forever but anything I have bought Craftsman the last 5 years keeps having issues. Routers, Leaf Blowers...Their flagship manufacturer has gone way downhill and exists on purchases made by people remembering yesteryears.
 
2013-01-09 07:05:34 PM  

Mad_Radhu: I worked for Sears in college, and they were idiots back then when it came to managing inventory.


They still are. I bought a washer and dryer on black Friday. Two weeks later I got an automated phone call saying "This is sears. The item you ordered is no longer available. Sorry for the inconvenience." Two weeks later I got a refund check on just the washer. Waited a week, then deposited that sucker.
 
2013-01-09 08:08:35 PM  

Mad_Radhu: I worked for Sears in college, and they were idiots back then when it came to managing inventory. We were always out of the most profitable items, like high end TVs or nice stereo receivers. Hell, we carried HP printers, but we were almost always out of the replacement ink carts, which made no goddamned sense. They really kept shooting themselves in the foot when their salespeople had never had the right things to sell.


Men's MTA to the cashwrap, Men's MTA to the cashwrap.

/seeing if I can provoke a PTSD fit
 
2013-01-09 09:56:28 PM  
rats, sinking ship
 
2013-01-09 10:23:36 PM  
I did 10 years at Sears in Tools and Garden. I made good money for a time then they tried to Wal-Mart up the place. Sold off repair. Sold off delivery. Even sold off their credit cards. Nothing in stock. Internet killing them. I got out of there. I was commission sales Ishidan, but I remembered it as MCA (Merchandising and Customer Assist). What was an MTA?
 
2013-01-09 10:45:26 PM  
Eddie Lampert is such an asshole his kidnappers let him go after just two days, with no ransom.
 
2013-01-09 10:47:00 PM  

soopey: Mad_Radhu: I worked for Sears in college, and they were idiots back then when it came to managing inventory.

They still are. I bought a washer and dryer on black Friday. Two weeks later I got an automated phone call saying "This is sears. The item you ordered is no longer available. Sorry for the inconvenience." Two weeks later I got a refund check on just the washer. Waited a week, then deposited that sucker.


Wait, what?  You bought a washer and dryer, took them home, and Sears refunded the washer's price?    Seriously?  LOL!
 
2013-01-10 02:25:56 AM  

Toxicphreke: I did 10 years at Sears in Tools and Garden. I made good money for a time then they tried to Wal-Mart up the place. Sold off repair. Sold off delivery. Even sold off their credit cards. Nothing in stock. Internet killing them. I got out of there. I was commission sales Ishidan, but I remembered it as MCA (Merchandising and Customer Assist). What was an MTA?


Apparently, just my bad hearing :-)
 
2013-01-10 03:31:26 AM  
Jackass financial "wizards" ruin companies, they don't run them. Dare I say .. The only difference between "ruin" and "run" is "I".

Meanwhile, our local Kmart, in business here for FORTY years, will close in March, it was announced this week. They say it was "under-performing." I wonder what corporate policy brought that about.

It means all we got left is Walmart and the Dollar General crap.
 
2013-01-10 07:50:28 AM  
I buy craftsmen hand tools because they are still made in the USA.

That WF stamp on them stands for Western Forge, which is located in Colorado Springs.

/ at least it was located there in the 90's when I lived there. No idea if that particular plant is still operating or not.
 
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