Sears Sells Craftsman Brand, to Close 150 Stores

Quote" The sale and closures come amid Sears CEO Edward Lampert’s years long effort to revive Sears, including a recent $1 billion injection into the struggling retailer".
Nine times out of ten it is the CEO that gets sacked for a monumental fuck up like this He will probably get a golden parachute

 

So, we were in the Sears/Kmart combo on Eastern Ave in Henderson a few months ago and every cashier and customer service girl was black. It is weird how stuff like that stands out even in this day and age.

Anyway, I hate the store and it is always a ghost town considering the size of it. I told my wife that when not if it closed the black employment rate would skyrocket here.

I just saw on the news that it is on the closure list.

I feel bad for them but the store sucks.

 

This is Awesome for my company. we have been tracking it for a while We have the Stanley contract for all thier bent needs, like handle bars, etc.
And fuck Sears. They should have kept up with the times. Go into a store. they use old 80's registers and shit.

 

http://www.businessinsider.com/sears-failing-stores-closing-edward-lampert-bankruptcy-chances-2017-1

When I was a kid the old Sears Roebuck store on Grand Ave (now MLK Blvd.....funny how if you plant trees up the middle of an avenue, it magically becomes a boulevard) was our go to store for pretty much everything (except for "plain pocket" jeans and Chuck Taylor knockoffs at Penney's). The same pretty much held true for the first 15-20 years of my marriage. With money tight, Sears (and Monkey Wards) was still the place we could get most everything AND charge it. As much as we hated doing it, our options were limited. I've probably shopped at Sears maybe 3 times in the past 15 years. They just haven't kept up, actually (and stubbornly) going in a direction that is mind boggling counterproductive. Now, their CEO wants their priority/funds generator to be data mining? How the hell can you mine and sell data if you have no customers??? I'm glad my data is no longer going into their system, and as sorry as I truly feel for the employees, I have no problem seeing this shortsighted American icon fall by the roadside. The absolute irony is that they were the original Amazon and blew it......

 

Sears has done a lot of things right in the past, or they would not have become as big as they did. However, along the way they made mistakes, which all companies do.

They made a mistake with me. It was not what they did, by how they did it. Sears took on the attitude that they were so big, they could get away with anything, with anyone. Sears started treating people like crap. This included mistreating their own employees, customers and suppliers. I felt I was mistreated as a customer, so they lost me for good.

What is not common knowledge is how they mistreated their suppliers. Sears would dominate the production line of the factories they did business with. And then Sears would make demands to cheapen the product. At some point, many of the suppliers would confront Sears and refuse their demands. Sears simply pulled out and moved on to the next victim/factory. Take a look at any product line, and see how many different companies made that product for them over the years. The short time working with suppliers also tells a part of the story of how Sears failed.

The result was, Sears put a lot of USA factories out of business. The word got out, and many factories refused to do business with them.

 

Sears was good to me. Gave me a job in the late 70's during high school and college and treated me well. I will be forever grateful.

 

There was a time when Sears was one of the best companies in the country to work for. They took good care of their employees. Sears made some of their early employees millionaires, much like Microsoft has done. Plus the benefits where great.

But around the time you worked for them, things started to change, and conditions gradually declined.

 

Funny how time moves on, the player change, new winners replace the new losers.

 

I worked at a Sears in the electronics department for about a year, right around the time they had made the deal to acquire Kmart. That wasn't their first or last mistake, but it was arguably their most damaging. One thing that always remembered and appreciated was my coworkers that had been employed there for decades. They always talked about the good old days when Sears was the go-to retailer. Good people. The other thing I will remember is that HR screwed up my commission structure so that I was getting paid the same rates that the "lifers" whom had it earned by working there for so long. Made bank for about 6 months during the holiday season until they realized their mistake. That was cool.

I feel for the people that are going to lose their jobs, although I can't necessarily say that I am surprised it happened after seeing it from the inside.