Thursday, 5 January 2017

Sears is closing 150 stores — here's the full list

quote [ Sears announced a second wave of store closures on Wednesday, bringing the total number of closures scheduled for early 2017 to 150.

The company will shut down 108 Kmart stores and 42 Sears stores by April, according to an internal document obtained by Business Insider. ]

Seems like Macy's is closing stores too.
[SFW] [business] [+4 Informative]
[by vintuk@2:17amGMT]


ubie said @ 2:29am GMT on 5th Jan [Score:3]
I gotta say, fuck Business Insider and their hatred of Ad-Blocker. I want my news, I want it free and I don't care if journalists starve to get it to me!
vintuk said @ 2:44am GMT on 5th Jan
alloy said @ 4:24am GMT on 5th Jan
Works fine for me, ublock origin + Anti adblock killer = bullet proof
foobar said @ 10:18am GMT on 5th Jan
ublock handles it fine.
sanepride said @ 3:08am GMT on 5th Jan [Score:3 Underrated]
Frankly I'm surprised there are that many actual Sears stores still open.
arrowhen said @ 7:09am GMT on 5th Jan
I honestly can't remember the last time I saw one. It has to have been 15-20 years.
sanepride said @ 8:11am GMT on 5th Jan
There's one not far that I go to when I need a major appliance. Got a new fridge there a couple of years ago. While we were there the wife wanted to look at clothes, we were astonished to find the ladies apparel department pretty much empty.
TM said @ 3:04pm GMT on 5th Jan
There's one not far from my house. Bought a vacuum cleaner there last year. That said, if it wasn't for the state Department of Motor Vehicles having a (large, crowded) office upstairs, the place would be practically deserted.
cakkafracle said @ 5:37pm GMT on 5th Jan
up here in Canada we have them in lots of malls still.
as I said... hats.
maximumtodd said @ 12:20am GMT on 6th Jan
The last time I went to one had to be at least 5 years ago. The employees in the front of the store couldn't even point me to customer service for a pick up order.
ooo[......7 said @ 3:59am GMT on 5th Jan [Score:1 Underrated]
Ankylosaur said @ 5:08am GMT on 5th Jan
Спасибо, Дональд!
HP Lovekraftwerk said @ 2:54am GMT on 5th Jan
Sears was the Amazon of its day. I wonder what will eventually eat Jeff Bezos' lunch?
arrowhen said @ 3:04am GMT on 5th Jan
Matter replicators.
cakkafracle said @ 3:52am GMT on 5th Jan
aka 3D printers
HoZay said @ 5:28am GMT on 5th Jan
HP Lovekraftwerk said @ 5:35am GMT on 5th Jan
That would be the Fat Buddha, yes?
Bleb said @ 3:04am GMT on 5th Jan
Kmart left Canada years ago. We still have some Sears stores, but they're mostly just a place for senior citizens to buy major appliances.
cakkafracle said @ 3:53am GMT on 5th Jan
my favorite place to buy old man hats that FIT
HoZay said @ 5:36am GMT on 5th Jan
Farm supply stores sometimes have interesting work hats.
zarathustra said @ 5:41am GMT on 5th Jan
My ass. Apparently as a neo-hippy they have such a hat waiting for me if I would only come inside while at the same time implying that I am not welcome.
HoZay said @ 5:50am GMT on 5th Jan [Score:1 Underrated]
What, they have a doorman?
zarathustra said @ 4:33pm GMT on 5th Jan
He is the one that tells me if I come in he will kick me so hard I will wear my ass as a hat.
HoZay said @ 5:55pm GMT on 5th Jan
implying that I am not welcome
I see what you mean.
eidolon said @ 7:13am GMT on 5th Jan
I used to regularly drive by a place that said TRANNY STORE. I would always get really excited, and then realize it was automotive and tractor supply. Which was still pretty exciting, but a let-down by comparison.
steele said @ 3:31am GMT on 5th Jan
Anybody know the number of jobs held in the average retail location for Sears, Kmart, and Macy's? Plus impact on distribution channels. Plus any businesses that would receive advertising revenue. Leased spaces, and how that will depress spending in the area. I really need to work on an algorithm, or tool, or something that can calculate how all this stuff branches out.
papango said @ 4:07am GMT on 5th Jan [Score:1 Informative]
Find an example, like a specific town, where this has happened and then get stuck into the data. Census, taxes, bankruptcies, house prices, welfare uptake, health, etc. Lots of that data is held by the government and you should be able to get it. The US has , which is pretty good, I think. I'd start there.
steele said @ 1:20pm GMT on 5th Jan
Yeah, I'm familiar with the site and a couple of others. If I can ever figure out a way to clone myself or afford to delegate properly, maybe it will happen. ;)
satanspenis666 said @ 4:12am GMT on 5th Jan [Score:1 Insightful]
You need to talk to an economist.
machpi said @ 6:37am GMT on 5th Jan
thought I read 'exorcist.' Sorry, carry on.
eidolon said @ 7:14am GMT on 5th Jan
You only need one of those if you divide by zero.
HoZay said @ 5:44am GMT on 5th Jan
Local Chamber of Commerce should have a lot of that info, if you can get it from them.
EvilNinjaX24 said[1] @ 5:31am GMT on 5th Jan
Hunh - none of the stores near(ish) me are closing. I guess I can keep on ignoring their presence a while longer before I then lament their absence.
HoZay said @ 5:49am GMT on 5th Jan
Kind of like Radio Shack, which still hasn't quite gone out of business.
HP Lovekraftwerk said @ 7:38am GMT on 5th Jan
Much like Sears, they got bought out/propped up by another entity. In this case it was Sprint, who somehow thought RS would make a great outlet for their phones.

I used to think keeping the 'Shack alive was good for tinkerers like m'self, but I've since discovered the joys of living in a large city with electronic supply shops.
midden said[1] @ 5:59am GMT on 5th Jan
The Kmart experience in my region has always sucked. They're just depressing places to be with lousy service, crappy merchandise and they smell funny. The stores, not the people. Well, probably the stores and the people.

Sears, though, has always be a pleasant, middle of the road, nothing flashy place to buy Levi's, shop-vacs, socks and underwear, etc at a reasonable price. And the catalog they sent every year when I was a kid was the size of a freaking phonebook. Um, you know, back when there were still phonebooks. I'd spend hours pouring through that thing, fantasizing about .22 rifles, ten-speed bicycles, model rockets and tools to build a secret tunnel under the playhouse in the back yard.

It seems like Target is crowding Sears out of the middle-class market on the East coast.
machpi said[1] @ 6:48am GMT on 5th Jan
Sears have always been a mall thing around here, so they've always had a mall vibe, not that that vibe's very loud anymore. Kmarts, on the other hand, have always been stand-alone stores, so they had no vibe at all.
HoZay said @ 7:52am GMT on 5th Jan
A Sears store closing would leave quite a hole in a shopping mall, and not many big retailers waiting to take up that space.
HP Lovekraftwerk said @ 9:16am GMT on 5th Jan
Where I live, I've seen malls die out, occasionally clinging to "life" as rental space for trade shows or other large gatherings, and eventually becoming abandoned hulks if they're not demolished for a new Wal-Mart or kinda-sorta "shopping districts" which consist of a strip mall, a big-box store, and a bunch of family chain restaurants. Kind of a mall with no ceiling.
mechavolt said @ 11:47am GMT on 5th Jan
I've seen a couple of malls revitalize by changing up what's traditionally in them. One mall near had 2 of the big retail stores close up. They replaced one with a supermarket, and the other with a movie theater. I'm not gonna say the place is bumping, but they get regular traffic everyday now.
midden said @ 4:43pm GMT on 5th Jan
Good point. Now that you say it, that's mostly true around here, too. On the other hand, Target is stand-alone, but manages to keep a relatively pleasant atmosphere.
eidolon said @ 7:12am GMT on 5th Jan
This is not surprising. Have you been inside a Sears lately? It used to be bright and clean, but now the interiors are often dingy, cluttered, poorly organized, and depressing. It's a good way to identify a store/location that's going out of business.

At least Craftsman isn't going out of business. That's one of those rare cases where a lifetime warranty is just that. For anyone who doesn't have a basic set of tools, it's an investment worth making.
LurkerAtTheGate said[1] @ 3:43pm GMT on 5th Jan [Score:1 Informative]
Sears is selling Craftsman to Black&Decker for $900M (considerably less than the $2B it was seeking).

one of the offices my company maintains derived a lot of its income from Sears, particularly Craftsman and Kenmore. Once upon a time, they maintained a branch office in the Sears HQ campus (which is fucking monstrous). My office is funded by larger entities and multi-year contracts with clients who adore us, but the panic still bleeds over into our workspace.
midden said @ 4:48pm GMT on 5th Jan
I guess, like machpi said, a lot depends on location. Around here, they tend to be anchor stores at busy malls, so they have kept that lively atmosphere. I'd hazard to guess that it's the dingy, cluttered locations that are closing.
eidolon said @ 5:12pm GMT on 5th Jan
Yeah. In my area the malls as a whole are failing. It's all boutiques or internet.
midden said @ 5:29pm GMT on 5th Jan
The main mall near me has five anchor stores: Macy's, Nordstrom, JC Penney, Sears and Lord & Taylor, plus another 200+ stores on two levels, and dozens of little kiosk businesses. Plus there's a giant AMC theater, a bunch of big restaurants in the parking lot and an out-door boutique row. I find the place overwhelming, and only go there when absolutely necessary.
foobar said @ 10:19am GMT on 5th Jan
mechavolt said @ 11:48am GMT on 5th Jan
I'm half expecting a Jurassic Park velociraptor to poke its head out of that bush.
HoZay said @ 2:00am GMT on 6th Jan
Our local store isn't on that list, but the local paper says it's closing. Oh well.
HoZay said @ 12:51am GMT on 8th Jan

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