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(CNBC)   Sears decides to not wait for that pesky 3rd quarter conference call and just puts out there what everyone knows: the ship is crashing   ( cnbc.com) divider line
    More: Obvious, Pension, Sears, Pension Benefit Guaranty Corporation, pension plans, Sears Holdings, Sears properties, Sears shares, Sears Holdings Corporation  
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1760 clicks; posted to Business » on 08 Nov 2017 at 11:50 AM (36 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



40 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2017-11-08 11:21:09 AM  
Another triumph of libertarianism!
 
2017-11-08 11:28:24 AM  
Sears Canuckistan has already gone tits-up. To the lifeboats, shoppers!
 
2017-11-08 11:29:48 AM  
Clearly they need a reduced tax bill. Or else a CEO who's not a Randian.
 
2017-11-08 11:33:09 AM  
Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.
 
2017-11-08 11:37:28 AM  

gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.


And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

img.fark.netView Full Size
 
2017-11-08 11:39:14 AM  
No shiat.

The one that was at my local mall has been closed for quite some time, and it was kind of depressing to drive by and see the empty parking lot next to it.

/Fortunately, construction just started at that location.
//They're putting in a Dave and Buster's.
///So I look forward to getting drunk and playing video games.
 
2017-11-08 11:41:32 AM  

Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]


Library?  Chamber?  Trunk Room?  That looks like a game board from Clue.
 
2017-11-08 11:42:25 AM  

Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]


I've always been fascinated by that.
Did the home-buyers do everything themselves or did they sub-contract stuff like brick-laying &/or plumbing?
 
2017-11-08 11:50:03 AM  
Sears Holdings same-store sales to drop 15% as company looks for more cash

Same-store sales at the one by me dropped 100% because they closed it.  Built in 1965 and place I bought plenty of tools and boots and garden implements and  and a few appliances until I didn't anymore because the products and the store itself sucked.
 
2017-11-08 11:51:18 AM  
img.fark.netView Full Size
 
2017-11-08 11:55:17 AM  
Any chance they close up all of them after Christmas? Seems like a good way to dump remaining merchandise and not have to worry about returns.
 
2017-11-08 11:57:20 AM  

oldfarthenry: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

I've always been fascinated by that.
Did the home-buyers do everything themselves or did they sub-contract stuff like brick-laying &/or plumbing?


You could have done it yourself, if you had the skills.
 
2017-11-08 11:57:39 AM  

The_Sponge: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

Library?  Chamber?  Trunk Room?  That looks like a game board from Clue.


I even love the font.
 
2017-11-08 12:02:46 PM  

JNowe: I even love the font.



Good call.
 
2017-11-08 12:08:24 PM  
How has the lamprey in charge of sears not been run the hell out? Its obvious he only cares about himself, not the company.
 
2017-11-08 12:09:53 PM  

JNowe: The_Sponge: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

Library?  Chamber?  Trunk Room?  That looks like a game board from Clue.

I even love the font.


Angry Drunk Bureaucrat: oldfarthenry: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

I've always been fascinated by that.
Did the home-buyers do everything themselves or did they sub-contract stuff like brick-laying &/or plumbing?

You could have done it yourself, if you had the skills.


Only two closets in the entire house!  People bought a lot less crap in those days.
 
2017-11-08 12:20:11 PM  

veale728: How has the lamprey in charge of sears not been run the hell out? Its obvious he only cares about himself, not the company.


He runs the company that owns the majority shares. He's stacked the board with yes men.
 
2017-11-08 12:27:56 PM  
Pretty hard to crash when you're already sitting at the bottom of the sea.
 
2017-11-08 12:29:29 PM  

The_Sponge: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

Library?  Chamber?  Trunk Room?  That looks like a game board from Clue.


LOL.  Gram and Pappy's had none of those things.  Just a very scary basement with a coal chute.
 
2017-11-08 12:31:11 PM  

oldfarthenry: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

I've always been fascinated by that.
Did the home-buyers do everything themselves or did they sub-contract stuff like brick-laying &/or plumbing?


I think it was kind of whatever you wanted.  They lived very close to the train stop and I believe everything was delivered, and Pappy did most of the work himself with his brothers.  I'm sure you could hire people yourself.  I'm not sure if Sears would have provided the labor, but they may have.
 
2017-11-08 12:31:39 PM  

Nick Nostril: Pretty hard to crash when you're already sitting at the bottom of the sea.


Unda' da' seaaaaa. Unda' da' seeeeaaaaaa......
 
2017-11-08 12:34:20 PM  

TedCruz'sCrazyDad: Only two closets in the entire house!  People bought a lot less crap in those days.


My grandmother ultimately moved in after her parents passed on.  And yeah, closet space was minimal in their model, too.  In the two bedrooms upstairs the closet was basically the side attic created by the roof angle.

Huuuuge kitchen pantry, though.  Another possible reflection of how the times have changed.
 
2017-11-08 12:37:56 PM  

Diogenes: oldfarthenry: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

I've always been fascinated by that.
Did the home-buyers do everything themselves or did they sub-contract stuff like brick-laying &/or plumbing?

I think it was kind of whatever you wanted.  They lived very close to the train stop and I believe everything was delivered, and Pappy did most of the work himself with his brothers.  I'm sure you could hire people yourself.  I'm not sure if Sears would have provided the labor, but they may have.


Just as long as Howard, Fine and Howard aren't your builders.

/see "The Sitter Downers" (1937)
 
2017-11-08 12:44:48 PM  

Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]


You can still do that at some places.

https://www.menards.com/main/building-​materials/the-project-store/home-proje​cts/c-1474668109497.htm

You provide the land, labor, foundation, appliances, furnace/ac and they sell you the rest.
 
2017-11-08 12:46:00 PM  

wooden_badger: Diogenes: oldfarthenry: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

I've always been fascinated by that.
Did the home-buyers do everything themselves or did they sub-contract stuff like brick-laying &/or plumbing?

I think it was kind of whatever you wanted.  They lived very close to the train stop and I believe everything was delivered, and Pappy did most of the work himself with his brothers.  I'm sure you could hire people yourself.  I'm not sure if Sears would have provided the labor, but they may have.

Just as long as Howard, Fine and Howard aren't your builders.

/see "The Sitter Downers" (1937)


I don't think they provided labor.

img.fark.netView Full Size
 
2017-11-08 12:47:10 PM  

gar1013: Sears killed of catalogue sales right before web commerce became big.


Sears killed its catalog in 1993.  A year before mosaic was created, amazon.com was founded and a least a full decade before web commerce "became big"
 
2017-11-08 12:59:26 PM  
The big store by me is gorgeous and up to date. The items for sale seem right on point and with good prices.
. It's too bad there isn't enough foot traffic for them to make a go of it.


If I lived closer I would go there, but I'm not driving a half-hour when Target, Kohl's, and a few other stores are 5 minutes away.
 
2017-11-08 01:01:17 PM  

TedCruz'sCrazyDad: wooden_badger: Diogenes: oldfarthenry: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

I've always been fascinated by that.
Did the home-buyers do everything themselves or did they sub-contract stuff like brick-laying &/or plumbing?

I think it was kind of whatever you wanted.  They lived very close to the train stop and I believe everything was delivered, and Pappy did most of the work himself with his brothers.  I'm sure you could hire people yourself.  I'm not sure if Sears would have provided the labor, but they may have.

Just as long as Howard, Fine and Howard aren't your builders.

/see "The Sitter Downers" (1937)

I don't think they provided labor.

[img.fark.net image 850x639]


As the guy said that was unloading the "house".

"There aren't any (carpenters), you build it yourself."
 
2017-11-08 01:06:25 PM  

majestic: Any chance they close up all of them after Christmas? Seems like a good way to dump remaining merchandise and not have to worry about returns.


It's fairly likely. They both seem to be running 'sales' right now that make it look and feel like a pre-liquidation (eg. 'everything % off). I heard after Black Friday that Kmart stores might be doing something like 'Buy one item, get any other item 50% off', but not sure how true that is. Or they might just limp along with a very small number of stores for a couple more years (there are actually a handful of locations that are extremely profitable)...who knows.
 
2017-11-08 01:13:23 PM  
The ship flipped over a few years back, but the rats are gorging themselves on the property holdings while  unbeknownst to them they slowly deplete the air in the board rooms before they all suffocate to death.
 
2017-11-08 01:13:27 PM  
If they can hold together long enough, and the GOP finishes their assault on the middle class, Sears might be able to just empty out the pension funds for themselves.
 
2017-11-08 01:17:22 PM  
The local Sears Hardware closed up shop about a month ago, which was disappointing because it was only 2.5 miles down the road and it was great for the small little things I would need in a pinch when doing work on the house.  However that's all they were good for.  There were many times I couldn't find what I needed there, so I would leave and had to drive another 6 miles away to hit the local Lowes.  It was easy to see it didn't have much of a future, especially seeing as there's 2 Lowes within 10 miles of me, and 1 Home Depot within 7.

There's also a mall about 20 miles away that they recently demolished in order to modernize to one of those outdoor walkable shopping centers.  However, they oddly kept the anchor stores of the mall in place and operational.  A Sears on one end and Boscov's on the other.  Seems like that was a bad decision.
 
2017-11-08 01:26:31 PM  
Perhaps we could rezone all that retail space into housing and maybe we can catchup the housing demands in those markets?
 
2017-11-08 02:23:18 PM  

The_Sponge: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

Library?  Chamber?  Trunk Room?  That looks like a game board from Clue.


I know who killed Mr Sears! It was Mr Lampert, with the Randian Philosophies, in the Board Room!
 
2017-11-08 02:55:13 PM  

oldfarthenry: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

I've always been fascinated by that.
Did the home-buyers do everything themselves or did they sub-contract stuff like brick-laying &/or plumbing?


The could, my dad would tell me about in his town how when people would get homes like that they would get a gang of friends and family to usually help. Kind of like an amish barn raising. when we go back there he can point out the ones that are Sears homes.
 
2017-11-08 04:25:15 PM  

powtard: Perhaps we could rezone all that retail space into housing and maybe we can catchup the housing demands in those markets?


It's being done.  Malls are being turned into mixed use developments.
 
2017-11-08 06:14:50 PM  

majestic: Any chance they close up all of them after Christmas? Seems like a good way to dump remaining merchandise and not have to worry about returns.


Assuming that they can even stock any merchandise. Who is going to give them the credit?
 
2017-11-08 07:29:01 PM  

Joey Jo Jo Jr Shabadu: The local Sears Hardware closed up shop about a month ago, which was disappointing because it was only 2.5 miles down the road and it was great for the small little things I would need in a pinch when doing work on the house.  However that's all they were good for.  There were many times I couldn't find what I needed there, so I would leave and had to drive another 6 miles away to hit the local Lowes.  It was easy to see it didn't have much of a future, especially seeing as there's 2 Lowes within 10 miles of me, and 1 Home Depot within 7.


Sears sold off the stand alone hardware stores to individual owners a few years back. There are a few near me that seem to do well, but the Sears brand isn't doing them any favors. They should just switch to ACE or True Value or such.
 
2017-11-08 08:26:21 PM  
When they do go belly up, who buys their debts/credit card holders, and what happens to the holders of the same?
 
2017-11-09 10:55:09 AM  

The_Sponge: Diogenes: gar1013: Sears killed of catalogue sales right before web commerce became big.

They then proceeded to make their stores feel like places only poor people shop.

Good night.

And back in the day you could buy an entire house from Sears.  My great grandparents did that.  You buy the plans and supplies and then build it.

This isn't their plan but it's real close.  Several of the houses on their street were done this way, and the one below is like right across the street from theirs.

[img.fark.net image 650x887]

Library?  Chamber?  Trunk Room?  That looks like a game board from Clue.


I was kinda thinking, why do they have to dedicate a function to each room.

Would the universe explode if you put your books in the "Chamber", and had your mancave in the "Library"?
 
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