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Post by Giovi on Jan 8, 2019 21:57:07 GMT
Sears is still alive? They died in Canada 18 mos ago...I thought they were done. I actually didnt realize they were in so much trouble. I knew the Canadian brand was done but didnt realize the original was this close to the same fate.
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Post by Merpes on Jan 8, 2019 22:19:41 GMT
RIP Sears (and KMart). It appears the retailer will liquidate. Gary has fond memories of baiting to the Sears lingerie section. Playtex! I actually worked for Sears Communication Network and Sears Technology Services, not in the stores, where I didn't shop anyhow.
I'm 68 with a MUCH higher IQ.
Would a liquidation affect any pension?
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Post by Merpes on Jan 8, 2019 22:24:42 GMT
Not that I'm gonna miss Sears (Service Merchandise was awesome on the other hand), but management had so many opportunities to evolve into today's Amazon and completely missed the boat. You already had an extensive mailed catalog. How hard would it be to put it on an Excel spreadsheet? It was all about stripping the assets clean and executive pay. All Eddie Lampert wants now is the land that the abandoned stores will sit on. At the minimum, Sears should have teamed up with Amazon in the last decade to be vital distribution warehouses given they had many locations where shipping to and from or pick-up by customers would have probably made a lot of sense.
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Post by gadi on Jan 9, 2019 2:33:22 GMT
No, the hedge fund guy/CEO has been making sure to squeeze as much money out of it as possible before discarding the carcass.
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Post by garyu on Jan 9, 2019 3:59:49 GMT
I worked there starting in 1985. Sears was stepping on their dicks before I got there...Horrible management. Awful decisions. No surprise they were bought out comically by K-Mart. Everything that made money was tossed. 'We' started Sears Network just for Sears pieces (Allstate, Dean Witter, Coldwell Banker, etc.) with the idea of Saving money, which we did for 3 years. They decided to put front ends in stores and add outside customers to Make money, which we did. Management panicked of course and brought in IBM to partner up. 3 $$$-making years later, Sears pulled out. No surprise, about the demise.
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Post by dhull10 on Jan 9, 2019 11:40:24 GMT
Craftsman Tools now sold at Lowe's. There are still a few independent Sears small shops that sell appliances snow blowers lawn mowers under Craftsman name.
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Post by garyu on Jan 9, 2019 15:43:02 GMT
Craftsman Tools now sold at Lowe's. There are still a few independent Sears small shops that sell appliances snow blowers lawn mowers under Craftsman name. 100 years as the World's Biggest Retailer. Now, Industry joke. As an old boss of mine said, It's not easy to lose $4billion, you really have to work at it.
Oh, earlier there was a question about getting pension checks. Just got one a few weeks ago, so, they're not cutting that off yet.
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Post by Merpes on Jan 9, 2019 16:21:49 GMT
Yeah, I'd keep on an eye on that. The Pension Benefit Guaranty Corp is supposed to step in, but then you're counting on the US taxpayer to not default either. A full on Chapter 7 liquidation of Sears would basically wipe out the PBGC's coffers as it would be the biggest failure ever.
Just remember that you can't spell pension without penis. Jim's penis that is. So what you're saying is that you received Jim's penis a few weeks ago, but it hasn't been cut off yet.
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Post by dhull10 on Mar 4, 2019 20:03:53 GMT
Luke Perry 52. never awoke from stroke last week. If he lived like his character on 90210 I can see why this would happen.
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Post by lari on Mar 5, 2019 8:32:06 GMT
Luke Perry 52. never awoke from stroke last week. If he lived like his character on 90210 I can see why this would happen. Did you just admit you actually watched that show?
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Post by dhull10 on Mar 5, 2019 11:49:09 GMT
Luke Perry 52. never awoke from stroke last week. If he lived like his character on 90210 I can see why this would happen. Did you just admit you actually watched that show? Well. My oldest daughter was a teenie bopper during that time so I "occasionally " would watch with her.
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Post by khawk20 on Mar 5, 2019 16:14:50 GMT
King Kong Bundy dead. Was always a fun monster wrestler to watch. Loved his five count schtick.
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Post by lari on Mar 5, 2019 18:33:49 GMT
King Kong Bundy dead. Was always a fun monster wrestler to watch. Loved his five count schtick. Sad. Good entertainer, not a great wrestler. I remember him from Saturday Night's Main Events mostly. He always did good promos, and he had a great unique look. He really hated Randy Savage in real life. Watch this:
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Post by HawkDad on Mar 5, 2019 19:07:16 GMT
RIP Bundy. I remember one of his interviews with Mean Gene, where KK called himself the "greatest athlete in the world, bar none," man he had me on the floor rolling with laughter. He was entertaining that's for sure. He was no Paul Orndorf or Roddy Piper, but he was good.
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Post by lari on Mar 5, 2019 19:07:39 GMT
Did you just admit you actually watched that show? Well. My oldest daughter was a teenie bopper during that time so I "occasionally " would watch with her. Suuure. Totally makes sense.
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