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-   -   Sears - RIP (http://forums.pelicanparts.com/showthread.php?t=1010122)

rfuerst911sc 10-17-2018 05:20 AM

Anyone here thinking about buying Sears stock ? Might be a good payoff if they can pull themselves out of the gutter .

KFC911 10-17-2018 05:27 AM

^^^^ or take my 1500 shares of Enron instead....I'll pay you $100 and guarantee you won't lose one red cent....win, WIN :)

CurtEgerer 10-17-2018 06:17 AM

Quote:

Originally Posted by rfuerst911sc (Post 10218377)
Anyone here thinking about buying Sears stock ? Might be a good payoff if they can pull themselves out of the gutter .

I bought Kmart stock when they first started having difficulties 15 years ago or so. Just for fun. It was a roller coaster ride. I bought and sold 4-5 times and made a little bit of money. There'd be a rumor that someone was buying them and it would spike. Then a week later, it would tank when the rumor proved false :D

Rtrorkt 10-17-2018 07:28 AM

https://www.nbcnews.com/news/us-news/thanks-sears-musicians-who-gave-us-blues-had-ax-grind-n920921

CurtEgerer 10-17-2018 05:50 PM

Porsche parts were as close as your local Sears store in the 70s :cool: Mostly VW/914/912/356. but plenty of small 911 parts too.

http://forums.pelicanparts.com/uploa...1539823756.jpg

http://forums.pelicanparts.com/uploa...1539823756.jpg

billybek 10-17-2018 07:19 PM

I remember going to Sears with my dad to pick up a full overhaul kit for my sisters Beetle.
I think it was less than $100 and that kit had everything in it. Was around that time (1976) on the cover of the catalog.
Sears in Canada had closed a while back and I kind of miss it. I have to walk further during the winter months to get into the mall now that the Sears has been shuttered. Actually I do kind of miss going bargain finding in there. No one seemed to know what the heck was going on and sometimes they would apply discounts on discounts. No wonder they were not successful.
When I first started working in my trade, I would frequently go through the tool section and wait for sales. Their tools might not have been Snap On quality but they were decent and long lasting and had that no hassle warranty.

herr_oberst 10-17-2018 08:33 PM

I'm going to miss Sears about as much as I miss Weinerschnitzel..

legion 10-18-2018 05:41 AM

I already miss what Sears was 20+ years ago. I've been through the five stages of grieving and have reached acceptance.

As far as what Sears is now? It can die for all I care.

legion 10-18-2018 05:46 AM

Quote:

Originally Posted by WolfeMacleod (Post 10217670)

That's an article written by someone who hasn't actually read the book she is writing about, but is instead writing about what she thinks is in it. The core themes to the book is that people should be compensated for their ideas and that we should pay for use of other's ideas. It also goes quite a bit into how rent seeking (cozying up to government regulators for favorable treatment) destroys competition and hurts everyone. It says nothing about stripping a company bare while neglecting its customers and employees.

cairns 10-18-2018 06:53 AM

Only Wolfie would try to politicize this with BS.....

FWIW I think had Sears put their catalog online ten or fifteen years ago they'd be thriving today...

legion 10-23-2018 05:13 AM

And for contrast:

How Best Buy survived the retail apocalypse

This part seemed particularly relevant:

Quote:

Unlike Toys 'R' Us or Sears, which were both sunk by the debt foisted on them by massive leveraged buyouts, Best Buy was able to stay nimble. In fact, it's only gotten nimbler. Since 2012, Best Buy has actually cut its debt load in half and increased its cash on hand almost threefold. And while interest payments were gobbling up 4 percent of Toys 'R' Us' revenues before it went under, they only accounted for 0.2 percent of Best Buy's total sales. As rivals were being felled by balance sheets overloaded with debt, Best Buy was cleaning up its own.

CurtEgerer 10-23-2018 06:33 AM

I haven't been in a Best Buy in 6-7 years. Everything they sell is cheaper and easier to buy on-line from others. Who are their customers?

pavulon 10-23-2018 06:42 AM

Quote:

Originally Posted by CurtEgerer (Post 10224621)
I haven't been in a Best Buy in 6-7 years. Everything they sell is cheaper and easier to buy on-line from others. Who are their customers?

impatient, bored, impulsives?

legion 10-23-2018 07:32 AM

Quote:

Originally Posted by pavulon (Post 10224627)
impatient, bored, impulsives?

Probably. At least they have a target market. I've ordered one thing from Best Buy in the past 3 years, and it was ordered online. Part of the reason was I wasn't getting good information from Amazon on the kind of thing I was ordering, and wanted to be able to physically inspect the item before accepting it. I also found their prices competitive with Amazon.

Honestly, I find Walmart's online store to be cheaper than Amazon for the same items, I can have it shipped to a local store for free in a day or two, and I can physically inspect the item prior to acceptance.

VINMAN 10-23-2018 05:01 PM

I guess I'm one of the rare hold outs that still likes to buy from a store, rather than online. I would much prefer flipping through a paper catalog, than an online one. Society has just gotten lazier and lazier.

Pretty disturbing, seeing people celebrate the demise of one of this country's greatest past institutions. Whether its the fault of their own or not.



.

CurtEgerer 10-23-2018 05:33 PM

I've tried to order from Walmart a few times and have not had good luck finding what I was looking for. They either didn't offer the item or had a very limited selection. I want to use Walmart but it just hasn't worked for me yet.

Getting back to the topic, Penney's actually had some pretty decent high-performance stuff way back when.

http://forums.pelicanparts.com/uploa...1540341204.JPG
http://forums.pelicanparts.com/uploa...1540341204.JPG

Zeke 10-24-2018 08:45 AM

Quote:

Originally Posted by VINMAN (Post 10225363)
I guess I'm one of the rare hold outs that still likes to buy from a store, rather than online. I would much prefer flipping through a paper catalog, than an online one. Society has just gotten lazier and lazier.

Pretty disturbing, seeing people celebrate the demise of one of this country's greatest past institutions. Whether its the fault of their own or not.



.

I still get a few paper catalogs. Mostly woodworking. I think WW is a big business and is popular with the old guys sector. So I suppose the demographics say send out paper.

stevej37 12-06-2018 04:02 AM

Bonuses? :confused:

https://www.yahoo.com/finance/news/joke-sears-holdings-wants-pay-033000195.html

flatbutt 12-06-2018 04:48 AM

I went to Loews to grab some joist hangers yesterday and hardware was loaded with Craftsman tools and tool chests.

BTW my son is still using my Sears Silverstone amp.

ckelly78z 12-06-2018 05:01 AM

Quote:

Originally Posted by CurtEgerer (Post 10224621)
I haven't been in a Best Buy in 6-7 years. Everything they sell is cheaper and easier to buy on-line from others. Who are their customers?

Anyone who likes brousing, and evidently has nothing but time, and money on their hands. I NEVER walk into a store just to look around, and hope something catches my eye.


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