#4443149 - 10/10/18 01:49 PM
Looks like the end is coming soon
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Joined: Apr 2001
Posts: 121,383
PanzerMeyer
Pro-Consul of Florida
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Pro-Consul of Florida
King Crimson - SimHQ's Top Poster
Joined: Apr 2001
Posts: 121,383
Miami, FL USA
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for Sears. https://www.cnbc.com/2018/10/10/sears-arranges-financing-for-a-potential-bankruptcy.htmlStock price is currently 40 cents per share. Sears hasn’t had a profitable year since 2010. I say it’s time to close up shop.
“Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you.”
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#4443151 - 10/10/18 01:53 PM
Re: Looks like the end is coming soon
[Re: PanzerMeyer]
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Joined: Sep 2001
Posts: 24,712
Dart
Measured in Llamathrusts
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Measured in Llamathrusts
Lifer
Joined: Sep 2001
Posts: 24,712
Alabaster, AL USA
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They've already done this weird Brand sharing thing with Craftsman, so radically downsizing is out of the question.
The bizarre thing is that Sears failed to become an online powerhouse. The company turned remote purchasing by catalog into a fine art - how they failed to grasp that buying via the Internet is the exact same thing using a different medium is beyond me.
The opinions of this poster are largely based on facts and portray a possible version of the actual events. More dumb stuff at http://www.darts-page.comFrom Laser: "The forum is the place where combat (real time) flight simulator fans come to play turn based strategy combat."
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#4443153 - 10/10/18 01:58 PM
Re: Looks like the end is coming soon
[Re: PanzerMeyer]
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Joined: Nov 2001
Posts: 24,027
oldgrognard
Administrator
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Administrator
Lifer
Joined: Nov 2001
Posts: 24,027
USA
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Dart is right. Sears, an early adopter of catalog sale, completely fumbled on-line selling.
Good people sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.
Someday your life will flash in front of your eyes. Make sure it is worth watching.
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#4443167 - 10/10/18 02:48 PM
Re: Looks like the end is coming soon
[Re: PanzerMeyer]
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Joined: Nov 2004
Posts: 19,794
adlabs6
Veteran
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Veteran
Joined: Nov 2004
Posts: 19,794
Tracy Island
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What bugs me with a few of the online fronts of the traditional brick and mortar stores, is when allow 3rd party sellers with dubious quality merchandise. This may mean a few pennies earned from the transaction, but IMO this practice massively dilutes the brand reputation that the brick stores built up.
And it's not just brick stores, even the online-only giants. I've been a shopper on Amazon for more than a decade, but the last few years there are so many products and sellers that seem a bit sketchy, that for some products I will actively shop elsewhere, before checking Amazon.
WARNING: This post contains opinions produced in a facility which also occasionally processes fact products.
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#4443201 - 10/10/18 06:48 PM
Re: Looks like the end is coming soon
[Re: No105_Archie]
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Joined: Jan 2001
Posts: 10,113
KraziKanuK
Veteran
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Veteran
Joined: Jan 2001
Posts: 10,113
Ottawa Canada
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Sears did well around here until they tried to compete with the likes of Walmart. Sears ( at least around here ) always meant above average quality of products, fair prices and superlative personal service. The service AND product quality both went downhill so folks just went to Walmart.......who now had the same mediocre stuff and service but with lower prices. Target lasted about 6 months in Canada. More expensive than Walmart , same quality, lesser selection and even worse service Around 1970 worked for Simpson-Sears in the warehouse. At least twice a week would get 2 box cars full of stuff. At least 2/3 of the load were boxes of merchandise with some strange writing on them.
There was only 16 squadrons of RAF fighters that used 100 octane during the BoB. The Fw190A could not fly with the outer cannon removed. There was no Fw190A-8s flying with the JGs in 1945.
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#4443293 - 10/11/18 04:02 PM
Re: Looks like the end is coming soon
[Re: PanzerMeyer]
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Joined: Apr 2006
Posts: 2,760
BD-123
Old Scroat
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Old Scroat
Senior Member
Joined: Apr 2006
Posts: 2,760
Naunton Beauchamp Worcestershi...
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Strange that the large catalogue firms with their expertise in mail order did not adapt and exploit the online marketplace. Same thing happened over here (UK) with Littlewoods (who I worked for, albeit in the Chain Store branch) and Kays, who many workers in my nearest city, Worcester, were dependent on for their livelihoods so the collapse of the company had quite a devastating effect on the local economy.
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#4443408 - 10/12/18 10:26 AM
Re: Looks like the end is coming soon
[Re: PanzerMeyer]
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Joined: Apr 2015
Posts: 13,733
F4UDash4
Veteran
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Veteran
Joined: Apr 2015
Posts: 13,733
SC
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Greedy? Amazon is a publicly traded company. It's all about profit margins and market share once you go public. That's the way it should be.
Don't like the pressure from Wall Street and investors to be constantly efficient? Don't go public. +1
"In the vast library of socialist books, there’s not a single volume on how to create wealth, only how to take and “redistribute” it.” - David Horowitz
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#4443432 - 10/12/18 02:08 PM
Re: Looks like the end is coming soon
[Re: PanzerMeyer]
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Joined: Mar 2012
Posts: 5,420
LB4LB
Still lurking about
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Still lurking about
Hotshot
Joined: Mar 2012
Posts: 5,420
Detroit Burbs
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Greedy? Amazon is a publicly traded company. It's all about profit margins and market share once you go public. That's the way it should be.
Don't like the pressure from Wall Street and investors to be constantly efficient? Don't go public. Agreed, but the free market also applies when your product/service is no longer considered a value by the consumer and they stop giving you business. It seems like E-Bay is making a comeback. Maybe a little market competition is what Amazon, no I mean the consumer, needs.
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#4443437 - 10/12/18 02:42 PM
Re: Looks like the end is coming soon
[Re: PanzerMeyer]
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Joined: Jan 2006
Posts: 9,569
Mr_Blastman
Hotshot
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Hotshot
Joined: Jan 2006
Posts: 9,569
Atlanta, GA
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Greedy? Amazon is a publicly traded company. It's all about profit margins and market share once you go public. That's the way it should be.
You're preaching to the choir here. I own a few shares of AMZN... But that doesn't insulate them from how they treat their vendors and their employees. That recent stunt about raising the minimum wage? They cut bonuses to compensate, creating a net wash but got free publicity. Brilliant move, but little overall improvement. Not that they have to improve, they're Amazon, folks are banging on their doors to sell product and find work. They're not a charity, they're a business, and as an investor that's all I care about. I want fatter margins, revenue growth, rising share price and ultimately a fat dividend. When I take off my investor pants, though, I see them becoming quite similar to that other company so many love to hate--Walmart. Whether AMZN will begin selling tea kettles that catch on fire(true story, only tea kettle I ever bought from Walmart ignited while trying to boil some water. Good thing I caught it before it burned my place down...), remains to be seen. I think the biggest gripe is Bezos is likely a cyborg Terminator sent from eighty years in the future, and beneath all that flesh his red eye and positronic brain never sleep, always seeking to lash out with his electro-flail on lackeys and malcontent slobs dogging the web-train from operating at maximum efficiency. He knows he can do this, because the only man worth more than him is Putin. It's good to be the king. I'll keep buying their shares on dips, though.
Last edited by Mr_Blastman; 10/12/18 02:43 PM.
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#4443588 - 10/13/18 03:43 PM
Re: Looks like the end is coming soon
[Re: PanzerMeyer]
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Joined: Jul 2007
Posts: 1,338
W-Molders
Member
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Member
Joined: Jul 2007
Posts: 1,338
I.E. Commiefornia ..S.B Count...
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I think a lot has to do with their overpriced hardware... when I bought my house about 15 years ago, I wanted to equip a full on tool bay in the garage... I was able to get that done with Husky from Home Depot for ~8000 I tallied the same for Craftsmen and it woulda cost ~20000 EDIT Oh and.. Husky has been 100% reliable ... good stuff for the money.
Last edited by W-Molders; 10/13/18 03:44 PM.
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