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Bye-bye Sears

Old 02-26-2017, 07:27 PM
  #61  
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Might be more going on with Sears than meets the eye...

Eddie Lampert, the billionaire CEO of Sears Holding Company, is sucking the life out of the company for his own personal gain.
On the face of it, he makes himself look like a True Blue company man by loaning SHLD hundreds of millions out of his pocket.
But being the vulture his, he's really looking out for his own interest.
From the background info I have read, he is taking Sears' best commercial property as collateral on these personal loans. Some feel the locations and actual buildings he now "owns", should the company go toes up, far exceed the loan value. He's basically holding a lien against the company worth 5 times what he "paid".
...so I have read in some of the investing and financial websites...

As to Black and Decker buying the Craftsman line/name....Black And Decker now manufactures nothing here in the USA that I know of. The Craftsman line has no chance of being made in the US unless Trump manages to pull off something major in terms of tariffs or import taxes.
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Old 02-26-2017, 07:34 PM
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Originally Posted by Caballa View Post
Coincidentally, I was in a Sears yesterday, exchanging some busted Craftsman tools for some new ones. They still do that.

I didn't walk through the store, but the tools are still better than anything you can buy at HF. Prices looked OK to me. They still have Craftsman brand tractors that also looked to be a pretty decent quality.

Maybe my area is different, but I drove through our "outdoor" mall today and it was crowded. I didn't see many open parking spots. It looked almost like a Christmas time crowd to me. Brick and mortar seem to be doing OK in our area.
I went in a few years ago to exchange a 3/8 socket driver. They tried to give me a rebuilt one. I insisted on new and the damn spring loaded ball that's supposed to keep the sockets on seized up within months. I curse the thing every time a socket or 4" extender falls off... which is often.
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Old 02-26-2017, 07:40 PM
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I bought a bird house the other day that said

"Designed in USA. Made in China"

No f'ing lie. A GD birdhouse
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Old 02-27-2017, 04:14 AM
  #64  
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Malls are not on the way out, I know this is against the grain of Marketing,. Amazon and other online companies are fun and sometime save money(note sometimes), but many people who buy stuff still like to touch and feel, not see a picture on the internet and if clothes or shoes, and order HOPE IT FITS with out an exchange PITA. For example, Just did a return with Amazon for some shoe my wife ordered. Easy to do but still you have to do it and I had to buy a box to ship them in, they came in protective bag, destroyed when opened. Yes Malls will change but some how never go away.
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Old 02-27-2017, 05:17 AM
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My take..people go to a mall to look at stuff, then buy it online.
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Old 02-27-2017, 05:26 AM
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Originally Posted by billinstuart View Post
My take..people go to a mall to look at stuff, then buy it online.
That is a good strategy for now. But if the trend continues, there will be fewer malls that are farther away, and the stores there will not keep much stock around to look at.
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Old 02-27-2017, 06:40 AM
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I go to Best buy, find what it is that I wanted then look it up on Amazon, hhgregg, or any other site that has it (just search model # and pick the cheapest price Google gives you).

Show it to Best buy and get them to price match. It's never failed, and if it does I'll just walk out and buy online.

I'll always give a brick and mortar place a chance to price match online. I don't believe in using them solely to look at something with no intention of ever buying it there.
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Old 02-27-2017, 06:46 AM
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^^:

For my last purchases the clerk at Best Buy price matched online for me and gave me the lowest price.

Easy and done deal there.
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Old 02-27-2017, 06:52 AM
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Believing that a store with rent, inventory, payroll, property taxes, etc. should offer the same price as a online business with a much lower overhead is another big reason why retail is in trouble.

I'm willing to pay a little more at local stores. And even a little more at small mom and pop shops who offer better service than big box stores.
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Old 02-27-2017, 07:00 AM
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Originally Posted by David2 View Post
Believing that a store with rent, inventory, payroll, property taxes, etc. should offer the same price as a online business with a much lower overhead is another big reason why retail is in trouble.

I'm willing to pay a little more at local stores. And even a little more at small mom and pop shops who offer better service than big box stores.
For small mom and pop shops I agree. They add value in that it drives the economy of the local community and they provide a far higher level of service.

A place like best buy tends to have less knowledgeable staff and the ongoing level of service is lower, so I will not pay a price premium.

I do have to give the one in Knightdale NC credit though. A few of them know their stuff. Had to buy a new router and the guy spent 15 mins with me going over what our streaming habits are (we have a Roku and stresm TV on PlayStation Vue), how many devices we have at one time, including thermostats and network hard drives, etc. Then suggested the one we needed, and it wasn't the top of the line. Very helpful in that experience.

The next time I went to buy a rugged point and shoot and they kept telling me I needed a GoPro. No, that's not what I need.
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Old 02-27-2017, 07:06 AM
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The amount of brick and mortar retail closing up is staggering. Soon we will all get what we wished for. Once place to buy things and no service. Their is going to be a huge price to finally pay for always wanting the cheapest price. My towns local hardware store closed up about a year ago, this was after 72 years in business. The last 20 some as a Tru Value. My neighbors and I tried to buy as much as we could from them......it was too little too late. Karma is going to come around and bite us all in the ass


https://secure.bizbuysell.com/genera...ores-for-sale/
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Old 02-27-2017, 07:08 AM
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Originally Posted by David2 View Post
Believing that a store with rent, inventory, payroll, property taxes, etc. should offer the same price as a online business with a much lower overhead is another big reason why retail is in trouble.

I'm willing to pay a little more at local stores. And even a little more at small mom and pop shops who offer better service than big box stores.

x2 Great post.
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Old 02-27-2017, 07:16 AM
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Originally Posted by FASTFJR View Post
The amount of brick and mortar retail closing up is staggering. Soon we will all get what we wished for. Once place to buy things and no service. Their is going to be a huge price to finally pay for always wanting the cheapest price. My towns local hardware store closed up about a year ago, this was after 72 years in business. The last 20 some as a Tru Value. My neighbors and I tried to buy as much as we could from them......it was too little too late. Karma is going to come around and bite us all in the ass


https://secure.bizbuysell.com/genera...ores-for-sale/
Yep. The worse part is that so many will bitch about it when it happens. Just like everyone bitched about small mom and pops closing while they were filling their carts at Walmart.
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Old 02-27-2017, 07:16 AM
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Amazon is currently accruing HUGE losses to gain market dominance. This is a tactic that many retailers have used for many years. I have let my Prime expire and now do my business primarily at brick and mortar, eBay or other online retailers. I have used the Best Buy price match and will do it to give them a chance.

I also avoid the "self checkout" stands. I will stand in a long ass line if I have to just to show the store that I want a payrolled employee to provide service.
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Old 02-27-2017, 09:45 AM
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Originally Posted by David2 View Post
Believing that a store with rent, inventory, payroll, property taxes, etc. should offer the same price as a online business with a much lower overhead is another big reason why retail is in trouble.

I'm willing to pay a little more at local stores. And even a little more at small mom and pop shops who offer better service than big box stores.
My point of judgement is convenience. I will gladly pay slightly more for convenience. Best way for a mom and pop to be convenient to is to be easy in, easy out, and to not be located along side the giant chain stores.....in other words, easy to pull into without waiting for lots of traffic. Little ace hardware up the road from my house gets about 75% of my business for such just because of this. It's actually a mile further than HD and Lowe's, but it's a much more pleasant drive with less idiots and red lights. Otherwise I shop online.
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Old 02-27-2017, 11:41 AM
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Sears lost my business when they threatened to cancel my sears card unless I carried a balance on it. I only got the card because I received 10% off the purchase of all my kitchen appliances. Low and behold one day I got an alert from my credit monitoring that there had been a change in my credit score. Logged on to find that sears cancelled my sears card due to inactivity, and that dropped my credit score 40 points.. I disputed it and corrected the issue, but it pissed me off to the point that I wont buy anything from their failing business again.
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Old 02-27-2017, 11:59 AM
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I like going to the newer styled outdoor malls, but have no desire to go to the traditional indoor malls, and can understand why the old traditional big retail stores are dying. With nothing to do on a Friday night the wife and I, even the kids will go to our local outdoor mall. Its a decent way to kill a nice night walking around outside for an hour or 2, maybe get a cup of coffee or a treat for the kids, maybe poke into a store or two, or get dinner, etc. Our local outdoor mall often has outdoor entertainment, or events too.

However, if I NEED to buy something, 9 times out of 10, I will buy it online and have it shipped to my house.
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Old 02-27-2017, 01:01 PM
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Sears as far as I know paid its employees there normal pay when over seas on military duty.

That in itself has always been a big deal to me and my family and will continue to patronize the company.
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Old 02-27-2017, 02:40 PM
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Originally Posted by Limbofish View Post
Jeff Bezos built a better mousetrap. Amazon used to be a bookstore. Look at it now. Everything is available online at your fingertips. He is very concerned at what he has done to big box stores. What's he gonna do about it?
Are you really going to buy a garden trailer from Amazon?

I can see the tech toys and smaller items are a problem for retail stores but staple durable goods should limit on-line sales. Ovens, lawn tractor trailers, craftsman garden hose, levi's etc.. they should blow on-line sales away.

My experience with the sales associate was very pleasant in all. He explained to me that if I were buying my trailer from an online retailer I would at least have to give them the same information he needed to complete the transaction. The sad part is he COULD NOT complete the transaction without the data mining.

L-O
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Old 02-27-2017, 03:54 PM
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Originally Posted by 29 NORTH View Post
Malls are not on the way out, I know this is against the grain of Marketing,. Amazon and other online companies are fun and sometime save money(note sometimes), but many people who buy stuff still like to touch and feel, not see a picture on the internet and if clothes or shoes, and order HOPE IT FITS with out an exchange PITA. For example, Just did a return with Amazon for some shoe my wife ordered. Easy to do but still you have to do it and I had to buy a box to ship them in, they came in protective bag, destroyed when opened. Yes Malls will change but some how never go away.
Originally Posted by SeaJay View Post
That is a good strategy for now. But if the trend continues, there will be fewer malls that are farther away, and the stores there will not keep much stock around to look at.
Originally Posted by David2 View Post
Believing that a store with rent, inventory, payroll, property taxes, etc. should offer the same price as a online business with a much lower overhead is another big reason why retail is in trouble.

I'm willing to pay a little more at local stores. And even a little more at small mom and pop shops who offer better service than big box stores.
Originally Posted by NCSUboater View Post
For small mom and pop shops I agree. They add value in that it drives the economy of the local community and they provide a far higher level of service.

A place like best buy tends to have less knowledgeable staff and the ongoing level of service is lower, so I will not pay a price premium.

I do have to give the one in Knightdale NC credit though. A few of them know their stuff. Had to buy a new router and the guy spent 15 mins with me going over what our streaming habits are (we have a Roku and stresm TV on PlayStation Vue), how many devices we have at one time, including thermostats and network hard drives, etc. Then suggested the one we needed, and it wasn't the top of the line. Very helpful in that experience.

The next time I went to buy a rugged point and shoot and they kept telling me I needed a GoPro. No, that's not what I need.
Malls are indeed under duress however I believe things will reach an equilibrium. I for one hate dead commercial space that is unoccupied. Truth be told I hate strip malls. Just clutters the landscape to sell a sub sandwich or new phone contract.

Folks still like touchy feely and despite what people say hate returning things especially when they have to mail em back.
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