WSJ and CNBC reports Sears is preparing for bankruptcy filing
27 replies, posted
https://www.cnbc.com/2018/10/10/sears-reportedly-preparing-for-bankruptcy-filing-as-soon-as-this-week.html
125 years comes to a bitter end because the asshole who owns a good chunk of the stock and runs the company is an asshole.
The rest of the world are reminded that Sears apparently was still in business.
What do they sell?
Sears is mostly known for their appliance/electronics/mattress sales, but they have a variety of clothes. Their sister store Kmart, which will go down with them if they do end up filing, is a cheap clothes with some home goods.
In the past, Sears was the Amazon of the retail world. You could buy ANYTHING. Kids asked their parents for toys from the Sears catalogue around Christmas time.
In 1897 you could buy Opiates:
https://babel.hathitrust.org/cgi/pt?id=uc1.31158001963940;view=1up;seq=55
Guns:
https://babel.hathitrust.org/cgi/pt?id=uc1.31158001963940;view=1up;seq=542
Blacksmith tools
https://babel.hathitrust.org/cgi/pt?id=uc1.31158001963940;view=1up;seq=104
Pretty much fucking ANYTHING you would want back then
I drive by one of each every day to and from work and I've never seen anyone except employees there in recent years. The brands just aren't relevant anymore.
you could literally buy a house and have it mailed to you for assembly
https://files.facepunch.com/forum/upload/132997/e8b430d7-3eaf-44c2-9407-80af1fc83646/Screen Shot 2018-10-10 at 2.17.27 PM.png
Damn dude
With Sears gone what am I going to walk through to get intoto the mall?? Macys??
The mall is probably going to follow it soon.
Are malls still a thing nowadays? I was never much of a mallrat myself even in my youth, so I have no frame of reference to compare with in terms of how popular they are now. My mom used to work at a mall, and one thing I noted that even as early as going into the mid-2000s, half of the shops closed up and were just empty spaces compared to how bustling it had been in the '90s.
Malls are still thing here because people like to walk in wide open spaces without freezing your ass off.
Most of them seem just be designer stores now though
Which is funny because Kmart is the one that bought Sears, then changed their name to Sears holdings.
Guns, drugs, and huge tits: sears is the one-stop-shop for your crimelord needs
Or if you’re particularly unlucky, JC Penny.
https://m.youtube.com/watch?v=uO5_882r2RA
Malls are hanging on somewhat, usually just on the merit of having a large store or two like a Macy's or a movie theater and being close to highways. Older malls have been dropping like flies though.
Ironically enough the first mall in Michigan, Summit Place, died when its Sears closed.
I always thought that was pretty kickass. Around here there are still quite a few Sears Roebuck kit homes remaining.
Malls/shopping centres here are being replaced with open air community spaces with little coffee shops and maybe 1 or 2 big known stores, they encourage walking and shit. I think the same is being done in the US, mainly in California I believe but its a trend that'll probably save the mall-like environment
Sears from what I read though (along with Kmart) don't have anything driving consumers to them anymore, Amazon and even Walmart have kinda filled that gap in many people which is a shame
An unfortunate result of a failure to keep up with this times. Best Buy is an outlier in the fact that they survived what few retail stores could not.
I'm surprised sears is still around. The last one I was in permanently looked like it was in the middle of renovation, and nobody really ever went there.
And it has happened
https://www.bbc.com/news/business-45859722
USA today has the whole listing.
Sears stores closing list 2018
The last time I went to a sears was 4 years ago, and the store was already a skeleton. The item density was a third of what it was 10 years earlier. The real surprising news is that sears was even still around. All the Kmart around me went under years ago, and half the local mall is completely empty.
The last big store to close at the mall led to them just walling off half the building. Where the giant store once stood, they just put up a wall. Then they gutted it and built a movie theater inside. I guess another big chunk of the mall will be ripped out, since Sears is going. It'll just leave A few small stores, and something like Macy's.
RIP Sears, you didn't adjust to the changing times fast enough.
Is this gonna close down the Kmarts in Aus, because they're super popular here.
I'm not sure how this business stuff works.
K-Mart in Australia ( to my knowledge ) is a separate entity from the North American counterpart.
Oh I see it's ran by Wesfarmers right now, but yeah odd how they split per country like that
Guess its to stop stuff like this happening.
Where the fuck am i gonna get my king dedede drooling while eating merch now
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