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  Sears/KMart says they may not make it (Page 1)

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Author Topic:   Sears/KMart says they may not make it
Gort
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posted 03-22-2017 07:21 PM     Click Here to See the Profile for Gort     send a private message to Gort   Edit/Delete Message   Reply w/Quote   Search for more posts by Gort
http://money.cnn.com/2017/03/22/news/companies/sears-kmart-future/index.html

Amazon is gutting the retail stores in the USA.

ed monahan





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posted 03-22-2017 09:09 PM     Click Here to See the Profile for ed monahan     send a private message to ed monahan   Edit/Delete Message   Reply w/Quote   Search for more posts by ed monahan
Monthly update?
Gort
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posted 03-23-2017 08:40 AM     Click Here to See the Profile for Gort     send a private message to Gort   Edit/Delete Message   Reply w/Quote   Search for more posts by Gort
quote:
Originally posted by ed monahan:
Monthly update?


Its a head line news item almost every month. People wanting to know. I take it you don't shop at either store.

RPL




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posted 03-23-2017 09:10 AM     Click Here to See the Profile for RPL     send a private message to RPL   Edit/Delete Message   Reply w/Quote   Search for more posts by RPL
The statement that made all of the news was driven by a change in accounting standards for their annual 10K report filed with the Security and Exchange Commission. Yes, they are in deep trouble but so are many chains in malls across the country. Shopping patterns have changed and stores are attempting to adjust. A lot of retail stores and many malls will be impacted.
ed monahan





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posted 03-23-2017 09:26 AM     Click Here to See the Profile for ed monahan     send a private message to ed monahan   Edit/Delete Message   Reply w/Quote   Search for more posts by ed monahan
We don't NEED a NEW thread every month about Sears. That is about 14 threads about the impending demise. H H Gregg is going under, Radio Shack is going under.
ALLEY CAT





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posted 03-23-2017 10:48 AM     Click Here to See the Profile for ALLEY CAT     send a private message to ALLEY CAT   Edit/Delete Message   Reply w/Quote   Search for more posts by ALLEY CAT
Anyone hear anything about K Mart and Sears stores possibly closing?

garysss




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posted 03-23-2017 11:08 AM     Click Here to See the Profile for garysss     send a private message to garysss   Edit/Delete Message   Reply w/Quote   Search for more posts by garysss
They have been going out for 2 1/2 years. I'm sure it will happen sooner or later.


Topic Name Date Forum/Archive
Bye Bye Sears ALLEY CAT 12-04-2014

Off Topic Discussion
Sears/KMart stock?/dump it now Gort 04-22-2016
Off Topic Discussion
sears is bleedimg out ALLEY CAT 05-26-2016
Off Topic Discussion
Sears in going under ALLEY CAT 08-29-2016
Off Topic Discussion
Kmart laying off thousands Gort 09-19-2016
Off Topic Discussion
Sears is folding up/ Exec.s flee company ALLEY CAT 12-04-2016
Off Topic Discussion
Sears sells Craftsman /900M Gort 01-05-2017
Off Topic Discussion
bye bye Sears Drew 01-30-2017

Off Topic Discussion
A tidal wave of store closures is about to hit the US WildCat 02-27-2017
Off Topic Discussion
Target warns to expect the worst padroo 03-01-2017 Off Topic Discussion
Sears/KMart says they may not make it ALLEY CAT 03-23-2017 Off Topic Discussion

This message has been edited by garysss on 03-23-2017 at 11:12 AM

ALLEY CAT





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posted 03-23-2017 12:11 PM     Click Here to See the Profile for ALLEY CAT     send a private message to ALLEY CAT   Edit/Delete Message   Reply w/Quote   Search for more posts by ALLEY CAT
Gary,,, You show I posted those threads,,,,but I think I just posted to CNN's /// MSNBC's crack news journalist, Goro the Great's POA threads about either KMart or Sears store closings....

.
. http://www.prowleronline.com/ubb/Forum18/HTML/014430.html

401KAT


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posted 03-23-2017 12:55 PM     Click Here to See the Profile for 401KAT     send a private message to 401KAT   Edit/Delete Message   Reply w/Quote   Search for more posts by 401KAT
Wally-world put alot of small business people here out and now Amazon has put the choke hold on them...Guess its just how the food chain works....
quote:
Originally posted by RPL:
The statement that made all of the news was driven by a change in accounting standards for their annual 10K report filed with the Security and Exchange Commission. Yes, they are in deep trouble but so are many chains in malls across the country. Shopping patterns have changed and stores are attempting to adjust. A lot of retail stores and many malls will be impacted.

BeWare





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posted 03-23-2017 02:11 PM     Click Here to See the Profile for BeWare     send a private message to BeWare   Edit/Delete Message   Reply w/Quote   Search for more posts by BeWare
quote:
Originally posted by ed monahan:
We don't NEED a NEW thread every month about Sears. That is about 14 threads about the impending demise. H H Gregg is going under, Radio Shack is going under.

We have got some great deals at HH Gregg. I hope they are not going under. We purchased most of our electronics there and a refrigerator from them. Prices were great plus they offer 0% finance charge plans for two years or longer.


Sears adds their Craftsman brand to many items and seriously jack up the prices compared to what you can buy the exact same item elsewhere. We used to shop there all the time, For a very long time now we almost never even set foot in the store.

This message has been edited by BeWare on 03-23-2017 at 02:12 PM

401KAT


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posted 03-23-2017 02:34 PM     Click Here to See the Profile for 401KAT     send a private message to 401KAT   Edit/Delete Message   Reply w/Quote   Search for more posts by 401KAT
quote:
Originally posted by BeWare:
For a very long time now we almost never even set foot in the store.

There's a bunch of us.......

padroo



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posted 03-23-2017 04:09 PM     Click Here to See the Profile for padroo     send a private message to padroo   Edit/Delete Message   Reply w/Quote   Search for more posts by padroo
Our Kmart is going out of business as we speak, we went there all the time instead of Walmart or Target. We don't shop Walmart very often, maybe 2 or three times a year.
garysss




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posted 03-23-2017 05:12 PM     Click Here to See the Profile for garysss     send a private message to garysss   Edit/Delete Message   Reply w/Quote   Search for more posts by garysss

quote:
Originally posted by ALLEY CAT:
Gary,,, You show I posted those threads,,,,but I think I just posted to CNN's /// MSNBC's crack news journalist, Goro the Great's POA threads about either KMart or Sears store closings....

.
. http://www.prowleronline.com/ubb/Forum18/HTML/014430.html


Larry you are right, it shows who posted last, not who started thread. Gort News Network was starter of most of them. LOL

ed monahan





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posted 03-23-2017 05:51 PM     Click Here to See the Profile for ed monahan     send a private message to ed monahan   Edit/Delete Message   Reply w/Quote   Search for more posts by ed monahan
If you do a search with just the word SEARS and search all forums you will find 14 posts started by GNN.
phil2237


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posted 03-23-2017 06:02 PM     Click Here to See the Profile for phil2237     send a private message to phil2237   Edit/Delete Message   Reply w/Quote   Search for more posts by phil2237
Many of our stores here in California were doing well until about 12 years ago when Walmart was coming to California. I told the wife you will see a lot of our mom & pop stores closing with them coming here. I was used to Walmart when I used to live in Chicago. I knew they would kill a lot of business's here. Now Aldi's Food chain is just starting to open here, again, I told the wife to watch just how many they put out of business. I believe Amazon is the top one to kill many business's. Fry's Electronics seems to be the only one thriving here as they are a full store plus a Internet store and will match any Internet price. Soon we will be doing all our shopping on the computer. Although it still seems like many Malls here are full, especially on the week ends
padroo



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posted 03-24-2017 09:54 AM     Click Here to See the Profile for padroo     send a private message to padroo   Edit/Delete Message   Reply w/Quote   Search for more posts by padroo
One of our malls in Michigan City, Indiana has been struggling for years. There were three anchor stores, J.C. Penny went out a couple of years back, if Sears goes out that will leave Carson as the only store left. When you walk the mall most stores are closed and the lights are dim. The Applebee's closed there and the one in my little town did too.
We are going through a time of change like when the malls drew all the business out of the towns. The malls had free plentiful parking and great sales, you could park your car once and buy everything you wanted at one place.
Now you can shop the whole world and never leave your bed, what's next?

This message has been edited by padroo on 03-24-2017 at 09:57 AM

Gort
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posted 03-24-2017 11:30 AM     Click Here to See the Profile for Gort     send a private message to Gort   Edit/Delete Message   Reply w/Quote   Search for more posts by Gort
quote:
Originally posted by ed monahan:
Monthly update?

141 people viewed it so far. SOMEONE is interested.
koolkty


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posted 03-29-2017 10:03 AM     Click Here to See the Profile for koolkty     send a private message to koolkty   Edit/Delete Message   Reply w/Quote   Search for more posts by koolkty
I am interested because I work for Sears. And Kmart long before the merger. The recent filing made it sound worse than it is, because legally they had to disclose all the risks that could impact the business. Every other brick and mortar company faces the same. We are still concerned, no doubt, but Sears Holdings employs 140,000 people and still has a significant economic impact. Don't count us out yet.
Randy Cobb




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posted 03-30-2017 09:00 AM     Click Here to See the Profile for Randy Cobb     send a private message to Randy Cobb   Edit/Delete Message   Reply w/Quote   Search for more posts by Randy Cobb
Koolkty:

You work at the headquarters in Troy on Big Beaver Way?
Kmart sponsored the PGA Tour event here in Gbo in the late '80s and early '90s. I was general chairman of the event in '89. Took a few trips up to KMart headquarters back then. They were blowing and going around that time.

JeraneW





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posted 03-30-2017 06:39 PM     Click Here to See the Profile for JeraneW     send a private message to JeraneW   Edit/Delete Message   Reply w/Quote   Search for more posts by JeraneW
I don't remember any uproar when Montgomery Ward went belly up. Very few people have any idea who "Monkey Ward" was. Catalogs made good toilet paper in the "out house." I worked for them after I got out of the service and while in college. Grateful for that opportunity.
koolkty


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posted 03-31-2017 11:13 AM     Click Here to See the Profile for koolkty     send a private message to koolkty   Edit/Delete Message   Reply w/Quote   Search for more posts by koolkty
Randy,
I worked in the Troy headquarters from 1988 to 2006, before they closed up the building for good. I then moved to Hoffman Estates in Illinois as part of the merger with Sears. I moved back to Michigan in 2014 and now work from home. The Troy building is still standing and has been empty for over 10 years. There were some plans in 2008 to build new condos and retail on the site, but that deal fell apart with the recession. A few years ago they filmed several scenes for the "Red Dawn" movie remake there, including driving a tank through the front doors. Of course they had to later rebuild to prevent vandals from getting in. Sears is still paying for security and maintenance of the grounds to this day.
viperkim

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posted 04-16-2017 07:55 AM     Click Here to See the Profile for viperkim     send a private message to viperkim   Edit/Delete Message   Reply w/Quote   Search for more posts by viperkim
I have not walked into a wally world since 1995. They suck.
Stroker

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posted 04-16-2017 11:30 AM     Click Here to See the Profile for Stroker     send a private message to Stroker   Edit/Delete Message   Reply w/Quote   Search for more posts by Stroker
quote:
Originally posted by JeraneW:
I don't remember any uproar when Montgomery Ward went belly up. Very few people have any idea who "Monkey Ward" was. Catalogs made good toilet paper in the "out house." I worked for them after I got out of the service and while in college. Grateful for that opportunity.

Catalogs would be too slick for todays youth.
We used corn cobs . Red ones then white to check
your work.

alrtg



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posted 04-17-2017 02:53 PM     Click Here to See the Profile for alrtg     send a private message to alrtg   Edit/Delete Message   Reply w/Quote   Search for more posts by alrtg
quote:
Originally posted by phil2237:
Although it still seems like many Malls here are full, especially on the week ends

The shoplifters seem to have no other choice than go to the mall. It is very difficult to shoplift via the internet.

alrtg



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posted 04-17-2017 02:56 PM     Click Here to See the Profile for alrtg     send a private message to alrtg   Edit/Delete Message   Reply w/Quote   Search for more posts by alrtg
quote:
Originally posted by padroo:
Our Kmart is going out of business as we speak, we went there all the time instead of Walmart or Target. We don't shop Walmart very often, maybe 2 or three times a year.

I am a BIG supporter of Wall Fart too.

I shop there two or three times a DECADE.


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