Sears is closing more stores — here's the list so far

ROGER4314 · Oct 25, 2018

I watched our LGS as it was driven at full power into the ground. What a shame! I spent a lot of time there and spent a lot of money with them. Each month, I witnessed their PPM (piss poor management) as it torpedoed the viable parts of their operation while spending money on trinkets and trash. The worst was hearing them blame the economy for their fall! Total BS!

I'm Scottish and spend a lot of money, BUT I expect a return on my investments! Those folks spent money like drunken sailors and then closed the doors on what was left. What a waste!

Flash

F350-6 · Oct 25, 2018

I read something in the paper today that I still haven't wrapped my head around, but apparently the losses and bankruptcy could give Sears some huge tax deduction on future profits that might put them in a position powerful enough to buy another company. The deductions only work if Sears takes care of itself. If they sell, the tax credit isn't transferable.

Southpaw · Nov 2, 2018

I can't confirm if this is in all states or just a certain few but definitely in Texas, but as of yesterday at around 5pm a memo went out for all stores receiving it to immediately cease offering any Protection Agreements in all departments. They even disabled the feature at the register.
Seems this was done at the request of the certain State governments concerned about Sears not being able actually fulfill their end of the agreements.

AustinN4 · Nov 2, 2018

Dead man walking

subseashooter · Nov 18, 2018

Just got this from Amazon. First time I've seen it.

Wife (who never knew a Sears Christmas Catalog) thought it was the coolest thing ever.

Even has a page of stickers for kids to peel off and put in the stuff they want.

Sigh. Sears coulda been great if they'd have kept up.

Sent from my SM-G950U using Tapatalk

Southpaw · Nov 18, 2018

AustinN4 said:
Dead man walking

Two days ago Sears let go all their Preventative Maintenance Techs.

TheDan · Nov 18, 2018

Wife was at the Sears in Austin a couple hours ago. Everything is discounted since they are closing, and she asked if we needed anything. Told her to look at the garbage disposals, and reminded her that they are about $100 at Home Depot... She said the ones they had were over $100 even with the discount

Southpaw · Nov 18, 2018

TheDan said:
Wife was at the Sears in Austin a couple hours ago. Everything is discounted since they are closing, and she asked if we needed anything. Told her to look at the garbage disposals, and reminded her that they are about $100 at Home Depot... She said the ones they had were over $100 even with the discount

The liquidation company is setting prices at this point. Once that happens it's like buying from an entirely different company. Also keep in mind that all sales are final. The Sears stores still open will not price adjust based on their sale price or replace it if it goes tits up in a few weeks.

Generally the liquidators will start pricing at list with big signs that say liquidation and watch all the morons come in thinking the sign alone must mean it's a good deal. It would take at least a month for anyone to start seeing most items dip below regular sale price, but usually by that time, the same morons have picked the place apart and paid somewhere between list and regular sale price for their "awesome" deal.

HKShooter65 · Nov 25, 2018

Mowingmaniac 24/7 said:
Sears, like a lot of others, was once good - now, not...buh-bye.

Someday, maybe 1/3 or 1/2 generation away, we will be lamenting the demise of Amazon...failing because they ignored the next big thing.

Futurists are terrible at predicting the future because it is predicated on the yet-to-be-invented technologies.

Who, while logging on to AOL on a dial-up modem in 1994 would have imagines Amazon Prime's one-click 2 day delivery shopping?

And the rate of change is ever-accelerating.

Dinosaurs are extinct because they should be....or because of the me-too movement their females contrived.

gshayd · Nov 26, 2018

I had a home repair policy with Sears. It is supposedly run by a separate company and is good. I tried to use it on my Central Air. The local vendor said they owe them $50,000 in invoices that have been sent to them. Received a letter from Compass Bank about a company called and it was the same company. Going to send the invoice in and see if they pay it.

toddnjoyce · Feb 10, 2020

Got this in the emails today

“On February 11, 2019, Transformco purchased substantially all of the Sears Holdings assets*. As part of that sale, Transformco acquired Sears Holdings’ customer information, including personally identifiable information.”

Wiki says:
Transform Holdco LLC (also known as TransformCo, referred to as "New Sears")[5] is an American privately held company formed on February 11, 2019, to acquire some of the assets of Sears Holdings Corporation. The new company is owned by Edward Lampert's ESL Investments hedge fund of Greenwich, Connecticut. Following the Chapter 11 bankruptcy filing of Sears Holdings on October 15, 2018, Transform Holdco LLC purchased the surviving assets owned by Sears Holdings for $5.2 billion.[1]

Talk about rape and pillage, look at the date

IMPD2079 · Feb 19, 2020

Moonpie said:
Sears - textbook story on how not to run retail operation.
Sad really. They could've been Amazon before Amazon.
Poor management wrecks another.

I remember as a kid getting the Sears catalog delivered at the house. It was our Christmas wish book. They had great quality appliances like the old Kenmore washers. Always lasted 20 years. Its sad to see them going out of business.

dsgrey · Feb 19, 2020

IMPD2079 said:
I remember as a kid getting the Sears catalog delivered at the house. It was our Christmas wish book. They had great quality appliances like the old Kenmore washers. Always lasted 20 years. Its sad to see them going out of business.

Everything came from Sears. I bought their retread mud tires for my pickup for around $20 each.

GoPappy · Feb 19, 2020

When I was a kid, we got the Sears catalog, the Montgomery Wards catalog and the Spiegel catalog. Spiegel was mainly women’s clothes, at least as I remember it.

But the Sears and Wards catalogs were good for many hours of daydreaming about purchases that were just not meant to be.

F350-6 · Feb 20, 2020

GoPappy said:
When I was a kid, we got the Sears catalog, the Montgomery Wards catalog and the Spiegel catalog. Spiegel was mainly women’s clothes, at least as I remember it.

But the Sears and Wards catalogs were good for many hours of daydreaming about purchases that were just not meant to be.

Yes, and then times changed and those catalogs started showing pictures of girls in bras (in the clothing section) and it became good for more daydreaming.

Kinda racy back then, but that was before cable, or internet, or any of the stuff they show on TV these days.

BRD@66 · Feb 21, 2020

Jeepers tennis shoes.

Southpaw · Mar 15, 2020

Though I haven't seen anything official yet, word is that Sears will be dropping their entire Lawn and Garden department.

pronstar · Mar 15, 2020

They’re just circling the bowl at this point...anything of value will be (or has been) sold.

It’s inevitable.

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Southpaw · May 20, 2020

Just heard the last store in SA, along with others, will be closed by 8/18.

Coiled · May 20, 2020

Back in the early lock down days

the Huntsville store had closeout signs posted and I need a new water heater so I went in. Almost NO Sears signs, banners or even shelving / display systems still in place. The stuff was in boxes on the floor.

Sears is closing more stores — here's the list so far

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