Business/ Technology News -  Sears Had A Miserable Christmas (48 views) Notify me whenever anyone posts in this discussion.Subscribe
From: Wee Shorty McNaughty (TOILETHEA1) DelphiPlus Member Icon Posted by hostJan-10 11:44 AM 
To: All  (1 of 5) 

Sears Had A Miserable, Miserable Christmas

Sears is scrambling to raise cash and cut costs after an absolutely miserable holiday season.

Sales at Sears and Kmart stores plunged during November and December. At stores open at least 12 months, sales fell between 16% and 17%. It only adds to worries that Sears can’t stay in business much longer.

Sears blamed pharmacy closures at some Kmart stores and fewer electronics offerings on store shelves. But excluding pharmacies and consumer electronics, sales were still down 14% to 15%.

The company’s bleak holiday season was an outlier. The retail sector had a very strong holiday shopping season overall. Traditional brick-and-mortar rivals, including Target, Kohl’s, Macy’s and JCPenney, reported better-than-expected sales.

Sears said it will cut another $200 million a year (beyond the stores it already planned to close). And it’s looking to increase the amount of money it is able to borrow.


From: Bike (URALTOURIST1) DelphiPlus Member IconJan-12 12:41 PM 
To: Wee Shorty McNaughty (TOILETHEA1) DelphiPlus Member Icon  (2 of 5) 
 5388.2 in reply to 5388.1 

So many K-Mart stores LOOK like they are from Beirut during the bad years there.  Dirty, falling apart, scantily staffed, not really an appealing place to shop.  Comparing it to a Publix Supermarket or most Target stores is such a dichotomy that it is amazing they both operate in the same market area.


USCG Engineer 1961-1982
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From: Wee Shorty McNaughty (TOILETHEA1) DelphiPlus Member Icon Posted by hostJan-12 12:53 PM 
To: Bike (URALTOURIST1) DelphiPlus Member Icon  (3 of 5) 
 5388.3 in reply to 5388.2 

Sad. I am amazed Sears/Kmart is still open,  I thought they'd have closed before the end of the year.  I find it nuts they are still able to borrow money


From: Bike (URALTOURIST1) DelphiPlus Member IconJan-13 12:32 PM 
To: Wee Shorty McNaughty (TOILETHEA1) DelphiPlus Member Icon  (4 of 5) 
 5388.4 in reply to 5388.3 

Our local K-Mart was a late add-on to the closure lists, announced Tuesday, closing sale announced on Thursday.  By Friday am, a third of the store and the pharmacy had been severely raided and/or closed outright.  SAD.

The mainline Sears Stores that are open are at least organized and pretty clean.  Quite a few independent Sears stores (Sears Hometown) are out there as well, sort of an agency store that has much Sears stuff and nothing BUT Sears sponsored stuff, the ones locally seem to be doing pretty well.  With so many appliance stores (HH Gregg, Sears, K-Mart and more) going TU, it should do OK


USCG Engineer 1961-1982

From: Wee Shorty McNaughty (TOILETHEA1) DelphiPlus Member Icon Posted by hostJan-13 2:04 PM 
To: Bike (URALTOURIST1) DelphiPlus Member Icon  (5 of 5) 
 5388.5 in reply to 5388.4 

Oh gosh, they wasted no time clearing things out!

The Sears near me is doing well, they just hired more people, though my local Kmart is gone


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