Sears

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Coyote
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Re: Sears

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Greg S
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Re: Sears

Post by Greg S »

I have no idea how the one at Crossroads does not make the lists. Went by it the other night after I stopped at Barnes and Noble. Less than 10 cars around Sears. Do they still use all 3 floors or did the close of the top?


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Re: Sears

Post by TitosBuritoBarn »

Doesn't the Crossroads Sears have some sweet lease deal where they only pay like 5 sheckels per month for a period longer than anyone signing the lease agreement could have expected to live?
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Re: Sears

Post by skinzfan23 »

They do have a great lease, but you still need to bring in enough money to pay employees and to keep the lights on.
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Re: Sears

Post by lbmom5 »

Greg S wrote:I have no idea how the one at Crossroads does not make the lists. Went by it the other night after I stopped at Barnes and Noble. Less than 10 cars around Sears. Do they still use all 3 floors or did the close of the top?


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The top floor has been closed off for a couple years.
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Re: Sears

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As long as the parent company has cash to operate, it's easier to keep locations open rather than the insanely complex task of closing stores and liquidating inventory.
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Re: Sears

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skinzfan23 wrote:They do have a great lease, but you still need to bring in enough money to pay employees and to keep the lights on.
Underperforming store = tax deduction.
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Re: Sears

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jessep28 wrote:As long as the parent company has cash to operate, it's easier to keep locations open rather than the insanely complex task of closing stores and liquidating inventory.
In truth it's the opposite. Closing and liquidating is actually an easy process.
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Re: Sears

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bbinks wrote:
skinzfan23 wrote:They do have a great lease, but you still need to bring in enough money to pay employees and to keep the lights on.
Underperforming store = tax deduction.
Oh come on. They don't need tax deductions. They lose money. They don't pay taxes if there is no profit. Underperforming store=losing money. Seriously?
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Re: Sears

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NovakOmaha wrote:
jessep28 wrote:As long as the parent company has cash to operate, it's easier to keep locations open rather than the insanely complex task of closing stores and liquidating inventory.
In truth it's the opposite. Closing and liquidating is actually an easy process.
Easy and quick...

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Re: Sears

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Re: Sears

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Amazon the great almost seems like more fake news dont it? If everybody is buying half their stuff from Amazon then how come I don't see the UPS stopping at every other house as it goes down the street? I don't buy nothing from Amazon nor does almost everyone I know. On the other hand every woman I know from young to old is going up to the store to buy something every chance they get. :?:
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Re: Sears

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GrandpaaSmucker wrote:Amazon the great almost seems like more fake news dont it? If everybody is buying half their stuff from Amazon then how come I don't see the UPS stopping at every other house as it goes down the street? I don't buy nothing from Amazon nor does almost everyone I know. On the other hand every woman I know from young to old is going up to the store to buy something every chance they get. :?:
Since Jeff Bezos owns both Amazon and the Washington Post, yep to the fake news
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Re: Sears

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GrandpaaSmucker wrote:Amazon the great almost seems like more fake news dont it? If everybody is buying half their stuff from Amazon then how come I don't see the UPS stopping at every other house as it goes down the street? I don't buy nothing from Amazon nor does almost everyone I know. On the other hand every woman I know from young to old is going up to the store to buy something every chance they get. :?:
I buy every once in awhile from Amazon. Just picked up some walking/jogging shoes that were at least $10 cheaper than a couple of other web sites I usuallly purchased shoes from.


Also Amazon is hiring

Amazon held a jobs fair on Wednesday to hire 50,000 people in its warehouse facilities.
But the company is also adding salespeople for AWS and its advertising business at a faster pace.
It likely signals Amazon's cloud and advertising businesses are dealing with bigger corporate customers that pay larger checks.

https://www.cnbc.com/2017/08/04/amazon- ... -pace.html
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Re: Sears

Post by FirebirdEngineer »

GrandpaaSmucker wrote:Amazon the great almost seems like more fake news dont it? If everybody is buying half their stuff from Amazon then how come I don't see the UPS stopping at every other house as it goes down the street? I don't buy nothing from Amazon nor does almost everyone I know. On the other hand every woman I know from young to old is going up to the store to buy something every chance they get. :?:
Read up on sample sizes vs. population sizes in statistical analysis. Your example is akin to scooping a glass of water in the ocean, finding no fish, and surmising there's no life in the ocean.
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Re: Sears

Post by buildomaha »

Having experience in retail I can tell you that at least in Omaha, most people still do the majority of their shopping brick and mortar. Amazon doesn’t mean all brick and mortar gets eliminated, it just weeded out those extra companies who were able to make a profit during the height of shopping malls and big commercialism when teenagers hung out at malls for fun. The same thing is happening in the TV industry with smaller niche channels dying out to YouTube and Netflix.
On another note I do think that Amazon is very large and will need to be broken up by anti trust pretty soon, probably in the next decade or two. They’re essentially turning the retail market into a monopoly, and not only that because amazon is sticking their hand in almost every market available.
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Re: Sears

Post by riceweb »

Market value is the worst way to show how big Amazon is. Wal-Mart has more than 3x the revenue of Amazon, and Amazon's revenue includes all their AWS hosting services.

As buildomaha mentioned, Amazon is forcing small declines in foot traffic that produce disproportionately large shock waves in the commercial real estate world. The shock waves are so large because many shopping centers and stores were barely profitable or perhaps even unprofitable--they couldn't sustain any dip in traffic.
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Re: Sears

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The Amazon affect, at this point anyway, is no different that the Walmart effect when they have rolled into smaller communities. It is a sky is falling senerio by some. They do impact some businesses in a Neg way but there are also those smaller businesses that benefit because all of a sudden there are more people coming to town. The latter part is not duplicated with Amazon but they do not bring the sky is falling end game for everyone either.
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Re: Sears

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http://www.omaha.com/money/sears-closin ... 046ba.html
Sears will close another 72 stores as sales plunge and losses grow.

The beleaguered retailer said that it has identified about 100 stores that are no longer turning a profit, and the majority of those locations will be shuttered soon.

Sears lost $424 million, or $3.93 per share, for the period ended May 5. It earned $245 million, or $2.29 per share, a year earlier, a quarter that included a $492 million gain tied to the sale of the Craftsman brand.

Revenue tumbled more than 30 percent to $2.89 billion, with store closings already underway contributing to almost two thirds of the decline.
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Re: Sears

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iamjacobm wrote: Thu May 31, 2018 8:53 am http://www.omaha.com/money/sears-closin ... 046ba.html
Sears will close another 72 stores as sales plunge and losses grow.

The beleaguered retailer said that it has identified about 100 stores that are no longer turning a profit, and the majority of those locations will be shuttered soon.

Sears lost $424 million, or $3.93 per share, for the period ended May 5. It earned $245 million, or $2.29 per share, a year earlier, a quarter that included a $492 million gain tied to the sale of the Craftsman brand.

Revenue tumbled more than 30 percent to $2.89 billion, with store closings already underway contributing to almost two thirds of the decline.
I wonder if any of the 3 stores in the Omaha area will take a hit this go around :?: ...

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Re: Sears

Post by Omaha Cowboy »

All Nebraska Sears stores are spared in this latest store closing carousel.. From the W-H:

“Sears will close another 72 stores as sales plunge and losses grow, but none of the company's stores in Nebraska were among those slated for closing.

Sears has stores in Omaha at Crossroads and Oak View Malls.

The beleaguered retailer said that it has identified about 100 stores that are no longer turning a profit, and the majority of those locations will be shuttered soon.”..

The complete story link:

http://www.omaha.com/money/sears-closin ... 046ba.html

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Re: Sears

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Omaha Cowboy wrote: Thu May 31, 2018 2:47 pm All Nebraska Sears stores are spared in this latest store closing carousel.. From the W-H:

“Sears will close another 72 stores as sales plunge and losses grow, but none of the company's stores in Nebraska were among those slated for closing.

Sears has stores in Omaha at Crossroads and Oak View Malls.

The beleaguered retailer said that it has identified about 100 stores that are no longer turning a profit, and the majority of those locations will be shuttered soon.”..

The complete story link:

http://www.omaha.com/money/sears-closin ... 046ba.html

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How bad does a store need to be... Crossroads is a ghost town and in poor shape.
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Brad
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Re: Sears

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bbinks wrote: Thu May 31, 2018 2:54 pm
How bad does a store need to be... Crossroads is a ghost town and in poor shape.
With an awesome lease where they literally pay nothing compared to the other stores in rent.
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Re: Sears

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Sears is closing the store in the Empire Mall in Sioux Falls. That’s a double hit on that mall as Younkers is also closing
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Re: Sears

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Uffda wrote: Fri Jun 01, 2018 7:32 am Sears is closing the store in the Empire Mall in Sioux Falls. That’s a double hit on that mall as Younkers is also closing
Luckily, Nebraska was spared.. Or the exact same thing would have happened to Oakview Mall...

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Re: Sears

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Nebraska will get its turn soon enough. General Growth should be seeking a new tenant sooner than later.
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Re: Sears

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Uffda wrote: Fri Jun 01, 2018 7:32 am Sears is closing the store in the Empire Mall in Sioux Falls. That’s a double hit on that mall as Younkers is also closing
I was at the Springhill in the mall parking lot last Labor Day. Tired looking mall.
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Re: Sears

Post by ProgKingHughesker »

And if that mall quickly heads towards dead status, Macy's might decide that keeping their store there open isn't worth it
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Re: Sears

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Does anyone remember the last time they had an enjoyable shopping experience at Sears?
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Re: Sears

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I can't remember the last time I was even in a Sears. Maybe I exited one to get to my car.
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Re: Sears

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Where are people going to get their Craftsman Underwear?
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Re: Sears

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Sears, kmart...the patient is dead & doesn't even know it. Worse, they don't care. No maintenance, sloppy if nonexistent inventory, understaffed, unmotivated staff & management (how on earth could they be motivated?)...i could go on.

There is a chain here called Meijer that puts both Sears and Kmart to rest. Clean, huge, wide variety of inventory from quality food to clothing to hardware, etc. If you ask where something is any staff will not just point but take you to it. AND Meijer is actually adding stores. What a difference.
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Re: Sears

Post by Stargazer »

Meijer has just gone down the path HyVee is beginning to take... supermarket chain, expanding into more general retail.

People will always frequent their favorite 'local' grocer... so as retail falters elsewhere, you take advantage of new opportunities.
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Re: Sears

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NovakOmaha wrote: Sun Jun 10, 2018 10:28 am Sears, kmart...the patient is dead & doesn't even know it. Worse, they don't care. No maintenance, sloppy if nonexistent inventory, understaffed, unmotivated staff & management (how on earth could they be motivated?)...
This is sad. Really. As a former employee of Kmart, it’s a hard reality to see this brand go the way of the Dinosaur..

I’ve mentioned this before on the forum- When I was in college, I worked at Kmart for 2 years back in the early 80’s. It was a great store, great staff and a great place to work.. My, how the retail world (and the world in general) has changed in the last 35 years...

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Re: Sears

Post by Greg S »

Omaha Cowboy wrote: Sun Jun 10, 2018 2:37 pm
NovakOmaha wrote: Sun Jun 10, 2018 10:28 am Sears, kmart...the patient is dead & doesn't even know it. Worse, they don't care. No maintenance, sloppy if nonexistent inventory, understaffed, unmotivated staff & management (how on earth could they be motivated?)...
This is sad. Really. As a former employee of Kmart, it’s a hard reality to see this brand go the way of the Dinosaur..

I’ve mentioned this before on the forum- When I was in college, I worked at Kmart for 2 years back in the early 80’s. It was a great store, great staff and a great place to work.. My, how the retail world (and the world in general) has changed in the last 35 years...

Ciao..LiO...Peace
I'm going through the same thing. Worked at Brandeis then Younkers in college and part time after for a while. Great memories.

Greg
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Re: Sears

Post by Candleshoe »

Not so terribly long ago, Sears was criticized for being the "Walmart" of the 60's and 70's. Between their retail stores and catalogs, they owned Sears Auto Centers, Craftsman tools, DieHard batteries, Allstate Insurance, Discover Cards, had a huge market share with Silvertone home electronics, Hotpoint and Coldspot appliances, and what am I missing?
Selling off all the assets of the others still isn't saving the retail operation...
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Re: Sears

Post by Omaha Cowboy »

Greg S wrote: Mon Jun 11, 2018 8:45 am
Omaha Cowboy wrote: Sun Jun 10, 2018 2:37 pm
NovakOmaha wrote: Sun Jun 10, 2018 10:28 am Sears, kmart...the patient is dead & doesn't even know it. Worse, they don't care. No maintenance, sloppy if nonexistent inventory, understaffed, unmotivated staff & management (how on earth could they be motivated?)...
This is sad. Really. As a former employee of Kmart, it’s a hard reality to see this brand go the way of the Dinosaur..

I’ve mentioned this before on the forum- When I was in college, I worked at Kmart for 2 years back in the early 80’s. It was a great store, great staff and a great place to work.. My, how the retail world (and the world in general) has changed in the last 35 years...

Ciao..LiO...Peace
I'm going through the same thing. Worked at Brandeis then Younkers in college and part time after for a while. Great memories.

Greg
Great memories indeed :thumb: ...

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Re: Sears

Post by Omaha Cowboy »

Candleshoe wrote: Mon Jun 11, 2018 11:05 am Not so terribly long ago, Sears was criticized for being the "Walmart" of the 60's and 70's. Between their retail stores and catalogs, they owned Sears Auto Centers, Craftsman tools, DieHard batteries, Allstate Insurance, Discover Cards, had a huge market share with Silvertone home electronics, Hotpoint and Coldspot appliances, and what am I missing?
Selling off all the assets of the others still isn't saving the retail operation...
So true. Back in the 70’s and 80’s, it seemed like Sears had their hands in the cookie jars of almost everything..

The mighty is falling hard...

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Re: Sears

Post by jag42 »

I remember as a kid in the early 80's, playing the demo Atari, Colecovision, and Intellivision in the lower level of the Crossroads Sears. Also all the kids waiting for their turn.
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Re: Sears

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jag42 wrote: Mon Jun 11, 2018 6:34 pm I remember as a kid in the early 80's, playing the demo Atari, Colecovision, and Intellivision in the lower level of the Crossroads Sears. Also all the kids waiting for their turn.
Me as well. Played a lot of Combat on the Sears version of the Atari 2600 at Sears Crossroads while my Dad shopped. He always knew exactly where I was.


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