Sears Slouching Towards Bankruptcy Filing

 

The retail giant Sears is facing a $134 million debt payment Monday. Indications are that the 132 year old department store is going to seek chapter 11 bankruptcy protection later this week. More

27 Comments on Sears Slouching Towards Bankruptcy Filing

  1. I’m a sentimental old fool. I know Amazon is the new Sears catalog but I don’t have to like it.

    I miss dreaming of things I couldn’t afford and the silly stuff like sleeping bags promoting “genuine fake fur!”




    15
  2. @willysgoatgruff:

    The lingerie section of the catalog was always worth a quick look…

    Until, as the old joke goes, something more important comes up.




    10
  3. AL! DID YOU SURVIVE THE HURRICANE? WERE THERE NO BUSES AVAILABLE TO ESCAPE THE STORM? DO YOU NEED CHURCHS’ CHICKEN IN ORDER TO STAVE OFF CANNIBALISTIC CRAVINGS?




    5
  4. @Aaron Burr – Hurricane? There was a hurricane?

    Sorry, bad joke. Michael passed us by to the west, about 200-250 miles away. Here in Sarasota County we saw weather little different from typical SW FL summer thunderstorms and rain, just a tad more windy and a little later in the year than normal.

    The situation up in the panhandle is scary. I just read that so far there are no confirmed fatalities, and that’s very good news when there are that many people subjected to 150+ MPH winds and a foot of rain and 10 feet of storm surge. Bad, very bad.

    Thanks for the offer, but my Infiniti handles fine on wet roads, and I just had dinner of tasty grass-fed beef on ciabatta rolls. Anyway, I prefer Chick-Fil-A.




    5
  5. I am managing the disposition of the Sears office buildings in Georgia. The level of waste is remarkable. Warehouses full of preprinted envelopes and the like…….also lots of personnel files complete with SS numbers…….my Christmas is looking better




    5
  6. THANKS AL FOR THE HURRICANE UPDATE! NOW BACK TO OUR STUDIO WHERE PHIL MARTIN HAS THE WRAP UP OF TODAY’S SPORTS!




    4
  7. Sears never should have abandoned Middle America. Their epitaph was written when they quit selling bunk beds, shotguns, and toys. The shift in emphasis to high-profit appliances and electronics was a suicidal mistake that could have been avoided by watching and learning from Montgomery Ward’s self-immolation.

    Oh, and off-shoring Craftsman tool manufacturing to China was real smart, too. How many red-necks want to see the famous Made In China logo on their wrenches?




    8
  8. Ya. Was in Lowe’s yesterday and saw they have the Craftsman tools. I’ve heard people say the newer stuff is not as good as the old. I don’t know. I was a motorcycle mechanic back in the mid 80s and most of my stuff was Craftsman. It served me well. The few times I needed to replace something I could just walk in to Sears and they’d give me a new one, no questions asked.




    4
  9. Whether bad management, bad acquisitions, Amazon or whatever, it’s a shame. Sears was a fun place to shop and a fun place to work. I spent two Christmas’s working as a temp during the holidays at Sears and it was a lot of fun. They used to have a staff Christmas lunch (well two actually, to cover all the staff) in the warehouse part of the store and served full turkey and trimming meal to all staff.

    Each Sears would also have the cafeteria for customers (and staff) here you could get a damn good meal on the cheap. In later years I used to go to the Sears cafeteria on Friday evenings on my way home from work to get the roast beef dinner special which was outstanding.




    4
  10. Circuit City always sucked but was the last firewall against the horror that is Best Buy. And Walmart.

    Again, stupid management cratered that company.
    Their corporate office was an echo chamber of yes men. And yes women.

    Best Buy is even looser and weirder at corporate. Looks like a day care center/shopping mall/food court. No evidence of seriousness.

    Same goes with EA Games. Skate park tattoo freakland.

    At neither location did I encounter an adult during my visits. Corporate safe spaces.




    4
  11. WIll Lands End return to mail order only?
    Will Kmart create an online store?
    Is Eddie Lampert crying on his yacht?




    1
  12. Sears, Wards, J.C. Penny’s, Western Auto, A&P, the poor little guys just couldn’t compete with an old man from Arkansas.




    1
  13. Going to Sears was a family outing. Mom and sister looking at clothes, dad at the tool dept, me at the pet section and candy counter. I never knew where my older brother went, looking for girls I suspect. The Mr and I quit going decades ago. They never had any stock and it became dirty and no fun at all. When the tools took a dive he never went again. The last thing I bought there was a winter coat 16 years ago. I still have it.




    2

Leave a Reply

Your email address will not be published.




Do NOT follow this link or you will be banned from the site!