Sears to go Bankrupt and end by 2018 ?

[SUPERECWFAN1]

The company called Sears Holdings ...or Sears has existed for 131 years and in 2003 bought K-Mart. Creating the 2nd largest retailer in the world. Then as quick as it seemed Sears was becoming a huge force , the ground fell below it. Less than 10 years later , Sears has closed thousands of K-Mart/Sears stores and will close more in 2017.

Analysts predict the company will finally run outta money by 2017 and have to file bankruptcy. As this article states , the reason Sears downfall is happening ...a really insane CEO. Who believes Sears should become like Amazon.


http://www.businessinsider.com/sears...chances-2017-1

Sears going out of business is sad in a way. Its existed since 1886 and its one of those companies that has a strong identification with America.

[Kirby101]

They man who took over Sears is a vile, Ayn Rand loving Hedge Fund manager who has driven the company to the ground.

http://www.salon.com/2013/12/10/ayn_...mpire_partner/

https://www.bloomberg.com/news/artic...o-the-troubles

[Tami]

Anytime a company fails, odds are it is usually due to poor management. Very sad, Sears was a store I grew up with.

[Starsky_Hutch76]

This is really sad. Like most everyone here, I grew up with Sears and it seemed like more than a store. It was a part of Americana. When their catalogue came out it used to be a pretty big deal.

[MindofShadow]

Damn, thats my cheap super hero tshirt spot lol

[Buried Alien]

I feel like Sears has been dying a slow death since at least the late 1980s. To me, the wonder is not that it could die soon, but that it didn't actually die long ago (like its erstwhile rivals Woolworth's and Montgomery Ward).

Buried Alien (The Fastest Post Alive!)

[numberthirty]

I feel like Sears has been dying a slow death since at least the late 1980s. To me, the wonder is not that it could die soon, but that it didn't actually die long ago (like its erstwhile rivals Woolworth's and Montgomery Ward).

Buried Alien (The Fastest Post Alive!)

Agreed.

The real shock is that they didn't have to sell the Craftsmen brand until they did.

Past that, think of the Sears you grew up with. How many of the stores they now have to compete with were a serious part of the picture back then?

[Gray Lensman]

They man who took over Sears is a vile, Ayn Rand loving Hedge Fund manager who has driven the company to the ground.

http://www.salon.com/2013/12/10/ayn_...mpire_partner/

https://www.bloomberg.com/news/artic...o-the-troubles

And yet, people like this keep getting chances to be CEOs again and again.

[ed2962]

"Put on your Sunday best, kids! We're going to SEARS!!

[Iron Maiden]

My Dad worked for Sears for many years. Not in management or anything like that. Back in the days when local cities did their own ads, he would paste up the ad page for the sales that week and he was in charge of the windows. Then they centralized and all advertising was sent to the Chicago office IIRC. He was on the sales floor after that. But he didn't like the way things were going when he retired back in the late 1980s.

I rarely go to Sears these days. They lack any kind of focus in the stores and I can see why their holiday season was bad. I rarely find anything in the store I want to buy in the ladies dept...they have some kind of labels I'd never heard of. They should focus maybe on appliances and tools but then the market is pretty thick in that area too with Menards, Lowes, and H.H. Gregg all dealing with appliances and so forth. I also fear they won't last much longer and join Montgomery Ward from times gone by. I remember we loved getting the Sears, Wards and Penney's catalogs at Christmas time. Another relic of those bygone days.

[Tami]

My Dad worked for Sears for many years. Not in management or anything like that. Back in the days when local cities did their own ads, he would paste up the ad page for the sales that week and he was in charge of the windows. Then they centralized and all advertising was sent to the Chicago office IIRC. He was on the sales floor after that. But he didn't like the way things were going when he retired back in the late 1980s.

I rarely go to Sears these days. They lack any kind of focus in the stores and I can see why their holiday season was bad. I rarely find anything in the store I want to buy in the ladies dept...they have some kind of labels I'd never heard of. They should focus maybe on appliances and tools but then the market is pretty thick in that area too with Menards, Lowes, and H.H. Gregg all dealing with appliances and so forth. I also fear they won't last much longer and join Montgomery Ward from times gone by. I remember we loved getting the Sears, Wards and Penney's catalogs at Christmas time. Another relic of those bygone days.

Same here in that I used to shop for pretty much all my casual clothes and some of my work clothes in Sears, and pretty much every appliance. But, I think it was around the time they started things like the 'Kardhasian Line' of clothes, that's when it went downhill for me.

I no longer could find the clothes I used to buy, even Jeans were hard to find. Everything was aimed at Teenagers and women who look like supermodels. Average women, middle age women, women who just wanted inexpensive practical casual clothes were out of luck.

[Iron Maiden]

Same here in that I used to shop for pretty much all my casual clothes and some of my work clothes in Sears, and pretty much every appliance. But, I think it was around the time they started things like the 'Kardhasian Line' of clothes, that's when it went downhill for me.

I no longer could find the clothes I used to buy, even Jeans were hard to find. Everything was aimed at Teenagers and women who look like supermodels. Average women, middle age women, women who just wanted inexpensive practical casual clothes were out of luck.

I feel the same way. Can't find anything that is suitable. I have to say their children's department in the mall where I live is good. They do have some brand names there I've heard of at least! I've bought some outfits for my nieces and nephews there from time to time. They really need a sharp business mind to right the course of the company but I don't think that's going to happen.

[Tami]

I feel the same way. Can't find anything that is suitable. I have to say their children's department in the mall where I live is good. They do have some brand names there I've heard of at least! I've bought some outfits for my nieces and nephews there from time to time. They really need a sharp business mind to right the course of the company but I don't think that's going to happen.

Sears was never 'designed' to be an 'upscale store'. To stay true to it's roots it's identity, it should have stuck with quality basic clothes for the entire family. From infants to grandma and grandpa. Yeah, all it needed was better management with an eye to what has worked in the past and what continues to work for them.

[Angilasman]

I guess they'd better break out those last few thousand betamax players from storage and sell 'em.

[GreenLanternRanger]

Honestly I'm surprised stores like Sears/JCPenny/etc have lasted as long as they have.