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Obama's America: Sears on the brink of catastrophe

 
TheWiz111
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12/08/2016 03:19 PM
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Obama's America: Sears on the brink of catastrophe
Things aren’t looking good for Sears.

The company is shutting down dozens of Kmart stores this month and two of its highest-ranking executives left this week in the midst of the key holiday shopping season.

This comes following speculation among Sears and Kmart employees, suppliers, and several banks that the retailer will soon go bankrupt — something Sears has repeatedly dismissed


[link to www.aol.com]


It just wouldn't be America without Sears and Kmart. Maybe Trump can turn their fortunes around.
Anonymous Coward
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12/08/2016 03:22 PM
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Re: Obama's America: Sears on the brink of catastrophe
I heard obama astral projected into their CEO and forced him to do dumb shit that ruined his own company.
Oaken Paw
It's the wood that makes it good

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12/08/2016 03:24 PM

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Re: Obama's America: Sears on the brink of catastrophe
Sears never really stayed ahead of the curve with the quickly changing market.

As much as I'd hate to see them go, they are pretty much done.
Everything has got to be a THING today
Anonymous Coward
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12/08/2016 03:25 PM
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Re: Obama's America: Sears on the brink of catastrophe
Things aren’t looking good for Sears.

The company is shutting down dozens of Kmart stores this month and two of its highest-ranking executives left this week in the midst of the key holiday shopping season.

This comes following speculation among Sears and Kmart employees, suppliers, and several banks that the retailer will soon go bankrupt — something Sears has repeatedly dismissed


[link to www.aol.com]


It just wouldn't be America without Sears and Kmart. Maybe Trump can turn their fortunes around.

 Quoting: TheWiz111


If you want Sears and Kmart not to fail, go shop there and stop shopping online. Tell all your friends to do the same.
Anonymous Coward
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12/08/2016 03:27 PM
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Re: Obama's America: Sears on the brink of catastrophe
Imagine how different things would be for Sears had they moved their Sear's catalog online way back in the day
MarkInMichigan

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12/08/2016 03:28 PM
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Re: Obama's America: Sears on the brink of catastrophe
JC Penney sells appliances now, while Sears goes down the tubes.
Anonymous Coward
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12/08/2016 03:29 PM
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Re: Obama's America: Sears on the brink of catastrophe
Hats off to Obama for running that shit store into the dirt.
Anonymous Coward
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12/08/2016 03:32 PM
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Re: Obama's America: Sears on the brink of catastrophe
i keep hearing about imminent end of sears since 2000 and sears is still not done, what gives ?
Anonymous Coward
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12/08/2016 03:33 PM
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Re: Obama's America: Sears on the brink of catastrophe
Sears has been in the shitter for years. I'm shocked they're even still in business. And KMart has always been a piece of shit store. Won't miss either of them.
TheWiz111  (OP)

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12/08/2016 03:45 PM
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Re: Obama's America: Sears on the brink of catastrophe
i keep hearing about imminent end of sears since 2000 and sears is still not done, what gives ?
 Quoting: Anonymous Coward 70073294



The article says that Sears is having to rely on outside funding or the sale of assets, such as real estate, to sustain operations, and Kmart in particular is at risk of shutting down. Sears is running low on cash. Within the past year the Company's cash and equivalents have fallen from $1.8 billion to $276 million. As a result, the retailer was forced to accept $300 million in financing from Sears CEO Eddie Lampert's hedge fund, ESL Investments, in the second quarter. It looks like the end is sadly near.
Bud Fox

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12/08/2016 03:46 PM

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Re: Obama's America: Sears on the brink of catastrophe
They've been positioning the company for this for a long time. You can now buy craftsman items at other stores, not just Sears, which tells me they will spin off Craftsman, Kenmore, and other brands as the core of what is left after bankruptcy. I doubt if their many stores or Kmart will survive though.
Blue Horseshoe loves GLP
Anonymous Coward
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12/08/2016 03:48 PM
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Re: Obama's America: Sears on the brink of catastrophe
It's going down hardcore

Needed Trump 8 years ago

Good luck
Useless Cookie Eater

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12/08/2016 03:49 PM
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Re: Obama's America: Sears on the brink of catastrophe
Sears never really stayed ahead of the curve with the quickly changing market.

As much as I'd hate to see them go, they are pretty much done.
 Quoting: Oaken Paw


Tools are their bread and butter.
They need to refocus on that.

They could easily get back into that market space again on a much bigger scale.
Anonymous Coward
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12/08/2016 03:51 PM
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Re: Obama's America: Sears on the brink of catastrophe
Sears/Kmart contributed plenty to their own demise. They got no one to blame but themselves. Poor management for years.
Oaken Paw
It's the wood that makes it good

User ID: 1153437
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12/08/2016 03:53 PM

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Re: Obama's America: Sears on the brink of catastrophe
Sears never really stayed ahead of the curve with the quickly changing market.

As much as I'd hate to see them go, they are pretty much done.
 Quoting: Oaken Paw


Tools are their bread and butter.
They need to refocus on that.

They could easily get back into that market space again on a much bigger scale.
 Quoting: Useless Cookie Eater


Once they outsourced their tools, the quality dropped.
Everything has got to be a THING today
Anonymous Coward
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12/08/2016 03:55 PM
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Re: Obama's America: Sears on the brink of catastrophe
A few years back when Sears was about to go under it was discovered that the property the stores sat on was worth big bucks. The question came up as to how they could close the stores and sell off the land. A couple of money sharks moved in and that was the last I heard about it.
Anonymous Coward
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12/08/2016 03:56 PM
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Re: Obama's America: Sears on the brink of catastrophe
As much as I hate black jesus, Sears has been floundering for decades.
Anonymous Coward
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12/08/2016 04:07 PM
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Re: Obama's America: Sears on the brink of catastrophe
I've never seen more that a dozen people in my local Sears,but that's why I shop there.





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