Sears Selling Craftsman Brand

[MossRoad]

In grade school I carried my Cub Scout knife daily clipped onto my belt or in my pocket. Once in a while one of the nuns would come and find me and ask to borrow it! :laughing:

 

[jmc]

Sears openly doubtful about their future- sold off enough assets for a year or so but liquidity after that is more diffficult:

Sears says there's ‘substantial doubt’ it can stay in business - Yahoo Finance

 

[rekees4300]

The brick and mortar dinosaurs are going extinct. :tombstone:

 

[Travelover]

The brick and mortar dinosaurs are going extinct. :tombstone:

The irony is that when I was a kid, Sears & Roebuck catalog was the Amazon of the day. We lived in a rural area and ordered stuff from Sears that we could not buy locally. Sears stood back and let Amazon take away the "catalog" market.

 

[rekees4300]

Sears became more interested in selling credit cards than merchandise. That was the beginning of the end, Amazon is the end. Yes I remember the Sears catalog. That thing was 3 inches thick! Worked great in our outhouse.

 

[CajunRider]

Sears became more interested in selling credit cards than merchandise. That was the beginning of the end, Amazon is the end. Yes I remember the Sears catalog. That thing was 3 inches thick! Worked great in our outhouse.

Half a century ago I lived in Asia. To many people there at the time, Sears' catalog was the window to the life in the U.S.A. My first cork gun was one my uncle made based on the design he saw in the Sears' catalog.

The demise of Sears & Roebuck comes from decades of poor management. There are dozens of mismanagement cases from Sears that are routinely used in MBA classes.

 

[jmc]

Sears became more interested in selling credit cards than merchandise. That was the beginning of the end, ...

That's interesting. I remember General Electric made a disproportional profit shuffling credit than they did making stuff. (Why work for a living?) I think they learned their lesson during the Great Recession and may have even spun off GE Finance when they could.

 

[moriboy]

Agreed, it is a mystery how they have lived this long. Our store in springfield, was a crummy store when I was a kid, and we always preferred to go elsewhere. Someone must have continued to patronize them I guess.

Yep, same here..

 

[Soundguy]

radio shack going bankrupt again?

 

[kcflhrc]

The internet has killed retail. **** the kids don't even go to the mall any more. Used to be the cool hang out place. Now there too busy with their Facebook, snap chat and all that other crap to do anything else. I guess I'm as guilty as anyone. Way too easy to shop from home and have it delivered in 2 days and a whole lot cheaper. I make a yearly trek to Sears to buy tools for Christmas Gifts but that's about it.