And so it begins, the end of Sears
Jstas
Posts: 14,277
Saw this a few minutes ago. Not good.
But, Sears has enough profitable assets still in place that they might be able to leverage the unprofitable assets into a favorable package to settle debt and get out of it with some capital infusion.
https://www.apnews.com/1cbf64586e114ac38bab82a42b8be12e
They have made efforts in the past few years to expand their retail presence online and I think the only reason for the poor customer service has been the lack of manpower, not because they are jerks.
Anyway, I hope it sticks around. I'd hate to see Sears go.
But, Sears has enough profitable assets still in place that they might be able to leverage the unprofitable assets into a favorable package to settle debt and get out of it with some capital infusion.
https://www.apnews.com/1cbf64586e114ac38bab82a42b8be12e
They have made efforts in the past few years to expand their retail presence online and I think the only reason for the poor customer service has been the lack of manpower, not because they are jerks.
Anyway, I hope it sticks around. I'd hate to see Sears go.
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You're just jealous 'cause the voices don't talk to you!
You're just jealous 'cause the voices don't talk to you!
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I don't know John. Sears sits on some very desirable land and the people running it seem bound and determined to cash it in and take the money and run. They've already sold off their items that pulled folks into their stores. If you can buy craftsman stuff everywhere else why the need to order it from them online?
Sad our store is closing and the clothing side looks like they raided the 1976 time capsule vault. -
I think the retail business (businesses -- K-Mart, too) are finished.
The parade passed them by, two decades ago (at least).
meanwhile, a reminder of happier times.
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I was wondering about how the lifetime warranty on Craftsman tools was going to play out now. I used to buy Die Hard batteries for my cars. I just put a set of Die Hard wiper blades on the car yesterday but I see on the back that they are a subsidiary of TricoAudio: Von Schweikert VR-2 * Musical Fidelity M2si * Bluesound Node 2i * APC H10
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Sears life, not yours.
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I was wondering about how the lifetime warranty on Craftsman tools was going to play out now. I used to buy Die Hard batteries for my cars. I just put a set of Die Hard wiper blades on the car yesterday but I see on the back that they are a subsidiary of Trico
How much are bonds issued by defunct governments worth?
Actually, depending on how (and if, of course) the brand is liquidated, there could be some remedy provided for owners of lifetime warranted products.
What is the status of Radio Shack's lifetime guarantee vacuum tubes? Anyone try to take back, say, a 2A3 with low emission lately?
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Man I wish it would end. It's like life as I knew it is forever fading away. It started way back in the day when NOBODY BEATS THE WIZ went under. I loved that store. I mean there has been many other stores that went under but didn't sting like the Wiz did. Then when Tweeter and Circuit City went under I felt like part of me died.
Soundex was another company when they fell apart it hurt.
Sears is a place my family has been shopping at for decades. Back to my Grand Father and father before me. I buy most of my clothes there as I really like the Outdoor Life series.
Man I hope they survive as I'm not a big of fan of Boscov's.Dan
My personal quest is to save to world of bad audio, one thread at a time. -
heck, I miss Luskin's in Baltimore.Where Jack-you-know will save you dough!
Perhaps because I went to high school almost literally in the shadow of the Big Luskin's up on the hill by Exit 29 on 695
I only remember buying two things from Luskin's... one of which I still have 
(a Zenith Circle of Sound clock radio).
(we need a wistful smiley emoji)
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Sears is done.
Wave goodbye.
What they shoulda, they didn't.
What they coulda, they didn't.
This ship is going down by the bow.MrBigBlueLight
Here to pick your brain & steal your cookies
Shifting to Plan B+ -
mhardy6647 wrote: »heck, I miss Luskin's in Baltimore.Where Jack-you-know will save you dough!
Perhaps because I went to high school almost literally in the shadow of the Big Luskin's up on the hill by Exit 29 on 695 I only remember buying two things from Luskin's... one of which I still have (a Zenith Circle of Sound clock radio).
(we need a wistful smiley emoji)
Had to be Loch Raven.Political Correctness'.........defined
"A doctrine fostered by a delusional, illogical minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t-u-r-d by the clean end."
President of Club Polk -
mhardy6647 wrote: »heck, I miss Luskin's in Baltimore.Where Jack-you-know will save you dough!
Perhaps because I went to high school almost literally in the shadow of the Big Luskin's up on the hill by Exit 29 on 695 I only remember buying two things from Luskin's... one of which I still have (a Zenith Circle of Sound clock radio).
(we need a wistful smiley emoji)
Had to be Loch Raven.
Nope There's another little private high school up there on Concordia Drive... right across from Spiro Agnew's old house (when he was Baltimore Co. County Executive). I was the first alum to serve on its board of directors
ahem. The place rebranded itself a coupla years ago*
http://concordiaprepschool.org/
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* Not unlike our son's UG alma mater, which was Western Maryland when I was a lad, but which became "McDaniel College" somewhere along the line.
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I think the last time I was in a Sears store was more than ten years ago. I had to use the bathroom and find a torque wrench. Never did find the wrench.1. Polk LSiM-707, LSiM-704C, LSiM-702FX; Dual SVS SB2000 subwoofers; Marantz SR7011 receiver; Parasound A31 and A23 amps; Oppo 205; Sony 65" 4K TV; FIOS; PS Audio Power Plant Premier; MIT S2 cables
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I honestly have a hard time giving a rip. I mean, It’s another capitalist machine that couldn’t keep up with the times. Hasta la vista. They will be replaced (or rather already have been) by other capitalist machines. And on it goes...Living Room 2.1: Usher BE-718 "tiny dancers"; Dual DIY Dayton audio RSS210HF-4 Subs with Dayton SPA-250 amps; Musical Fidelity A308; NAD M51 DAC; Sony UBP-x1000es; Squeezebox Touch with Bolder Power Supply
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mhardy6647 wrote: »mhardy6647 wrote: »heck, I miss Luskin's in Baltimore.Where Jack-you-know will save you dough!
Perhaps because I went to high school almost literally in the shadow of the Big Luskin's up on the hill by Exit 29 on 695 I only remember buying two things from Luskin's... one of which I still have (a Zenith Circle of Sound clock radio).
(we need a wistful smiley emoji)
Had to be Loch Raven.
Nope There's another little private high school up there on Concordia Drive... right across from Spiro Agnew's old house (when he was Baltimore Co. County Executive). I was the first alum to serve on its board of directors
ahem. The place rebranded itself a coupla years ago*
http://concordiaprepschool.org/
_____________
* Not unlike our son's UG alma mater, which was Western Maryland when I was a lad, but which became "McDaniel College" somewhere along the line.
Perhaps amazingly, perhaps not....I've never heard of that one.Political Correctness'.........defined
"A doctrine fostered by a delusional, illogical minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t-u-r-d by the clean end."
President of Club Polk -
I honestly have a hard time giving a rip. I mean, It’s another capitalist machine that couldn’t keep up with the times. Hasta la vista. They will be replaced (or rather already have been) by other capitalist machines. And on it goes...
In a way, I feel sorry for you.Political Correctness'.........defined
"A doctrine fostered by a delusional, illogical minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t-u-r-d by the clean end."
President of Club Polk -
I honestly have a hard time giving a rip. I mean, It’s another capitalist machine that couldn’t keep up with the times. Hasta la vista. They will be replaced (or rather already have been) by other capitalist machines. And on it goes...
Sounds like you have your panties all twisted about capitalists.
Sears has been circling the drain for a very long time now, this is no surprise to anyone. Their leadership failed on so many levels. Plenty of other retail joints for those people to work at.HT SYSTEM-
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Tony, I haven't tried on the panties you sent me yet, so by definition they cannot be twisted...
I am not completely against capitalism; I can't be, I own too much crap But lets just call a spade a spade: the essence of capitalism is accumulation of wealth for its own sake. In the heyday of American capitalism, big companies (I'm not talking about mom and pop shops) thought that the best way to make money was to earn people's trust and make products that last. Once they made as much as they could with that model, they had to shift because they needed to accumulate more wealth. So globalization began in earnest (it had been going on since Adam Smith's day) and planned obsolescence (which had been going on since the 1950's) ratcheted into high gear. Then of course came the internet. Companies like Sears couldn't compete, so they die sooner or later. Simple as that. And the march goes on... Living Room 2.1: Usher BE-718 "tiny dancers"; Dual DIY Dayton audio RSS210HF-4 Subs with Dayton SPA-250 amps; Musical Fidelity A308; NAD M51 DAC; Sony UBP-x1000es; Squeezebox Touch with Bolder Power Supply
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mhardy6647 wrote: »mhardy6647 wrote: »heck, I miss Luskin's in Baltimore.Where Jack-you-know will save you dough!
Perhaps because I went to high school almost literally in the shadow of the Big Luskin's up on the hill by Exit 29 on 695 I only remember buying two things from Luskin's... one of which I still have (a Zenith Circle of Sound clock radio).
(we need a wistful smiley emoji)
Had to be Loch Raven.
Nope There's another little private high school up there on Concordia Drive... right across from Spiro Agnew's old house (when he was Baltimore Co. County Executive). I was the first alum to serve on its board of directors
ahem. The place rebranded itself a coupla years ago*
http://concordiaprepschool.org/
_____________
* Not unlike our son's UG alma mater, which was Western Maryland when I was a lad, but which became "McDaniel College" somewhere along the line.
Perhaps amazingly, perhaps not....I've never heard of that one.
It was, and still is, pretty small. Been there since 1965, tho'. Prime bit of real estate, just on the north side of 695. Good school -- didn't teach about Moses and the dinosaurs or nothin' (at least when I was there)
EDIT: unless you meant WMC/McDaniel That, too, is a pretty good little school. My son did well by them; his experience there helped him get a PhD in mathematics from UVA. -
Sears has stripped of its profit producing assets over the last ten years. The site were mere write offs while anything worth two cents was sold to the highest bidder....
- Not Tom
"No, that's silly talk. Dude, you can't possibly be this audio dumb so quit the act." - Doro -
Tony, I haven't tried on the panties you sent me yet, so by definition they cannot be twisted...
I am not completely against capitalism; I can't be, I own too much crap But lets just call a spade a spade: the essence of capitalism is accumulation of wealth for its own sake. In the heyday of American capitalism, big companies (I'm not talking about mom and pop shops) thought that the best way to make money was to earn people's trust and make products that last. Once they made as much as they could with that model, they had to shift because they needed to accumulate more wealth. So globalization began in earnest (it had been going on since Adam Smith's day) and planned obsolescence (which had been going on since the 1950's) ratcheted into high gear. Then of course came the internet. Companies like Sears couldn't compete, so they die sooner or later. Simple as that. And the march goes on...
You know nothing about Capitalism...The Gear... Carver "Statement" Mono-blocks, TriangleArt Reference SE with Pass Labs Xono Phono Preamp, Walker Precision Motor Drive, ClearAudio Goldfinger Statement V2 cartridge and Origin Conqueror Mk3c tonearm, Polk Audio "Signature" Reference Series 1.2TL with complete mods, Pass Labs X0.2 three chassis preamp, PS Audio PerfectWave DAC MkII, Pioneer Elite SC-LX701, Oppo UDP-205 4K Blu-ray player, Sony XBR70x850B 4k, Polk audio AB800 "in-wall" surrounds.
“Every record has been destroyed or falsified, every book has been rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered…History has stopped. Nothing exists except the endless present in which the party is always right” — George Orwell
“If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” -
But their leadership knew an awful lot about greed. There is a huge difference between Capitalism and Greed. Their CEO strip-mined the company and plundered it's assets with impunity, and never really tried to turn things around. The SEC should be looking into that, but they won't, because Edward Scott "Eddie" Lampert did just enough to skirt the law...
Here is a picture of the clown for your Sears dart boards...
The Gear... Carver "Statement" Mono-blocks, TriangleArt Reference SE with Pass Labs Xono Phono Preamp, Walker Precision Motor Drive, ClearAudio Goldfinger Statement V2 cartridge and Origin Conqueror Mk3c tonearm, Polk Audio "Signature" Reference Series 1.2TL with complete mods, Pass Labs X0.2 three chassis preamp, PS Audio PerfectWave DAC MkII, Pioneer Elite SC-LX701, Oppo UDP-205 4K Blu-ray player, Sony XBR70x850B 4k, Polk audio AB800 "in-wall" surrounds.
“Every record has been destroyed or falsified, every book has been rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered…History has stopped. Nothing exists except the endless present in which the party is always right” — George Orwell
“If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” -
nooshinjohn wrote: »Tony, I haven't tried on the panties you sent me yet, so by definition they cannot be twisted...
I am not completely against capitalism; I can't be, I own too much crap But lets just call a spade a spade: the essence of capitalism is accumulation of wealth for its own sake. In the heyday of American capitalism, big companies (I'm not talking about mom and pop shops) thought that the best way to make money was to earn people's trust and make products that last. Once they made as much as they could with that model, they had to shift because they needed to accumulate more wealth. So globalization began in earnest (it had been going on since Adam Smith's day) and planned obsolescence (which had been going on since the 1950's) ratcheted into high gear. Then of course came the internet. Companies like Sears couldn't compete, so they die sooner or later. Simple as that. And the march goes on...
You know nothing about Capitalism...
Please illuminate me dear sir.Living Room 2.1: Usher BE-718 "tiny dancers"; Dual DIY Dayton audio RSS210HF-4 Subs with Dayton SPA-250 amps; Musical Fidelity A308; NAD M51 DAC; Sony UBP-x1000es; Squeezebox Touch with Bolder Power Supply
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Sad to see them go, but that can be blamed on management like the person (Eddie) shown above.Yamaha RX-A2070, Music Hall A70.2 integrated amp, Benchmark Dac1, Bluesound NODE 2i, HSU VTF-2 MK5, LSiM705, LSiM704, Douglas Connection Alpha 12AWG OCC Speaker Cables, Douglas Connection Alpha Analog Interconnect Cables, Audioquest Interconnects and Digital Cables, Douglas Connection Alpha 11 OCC Custom Power Cable, Cullen Gold and Crossover Series Power Cables, Signal Power Cable, Furman PL-8C 15 Power Conditioner, Fluance RT85, Parasound Zphono USB Phono Preamp, Sony 65" 900F, Sony UBP-X700, Fios.
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1961 Sears: Tower 18A by Jussi, on Flickr
1961 Sears: Nikon SP, S3, Yashica YF by Jussi, on Flickr
1961 Sears: Tower 37, Nikkorex by Jussi, on Flickr -
I think the last time I was in a Sears store was more than ten years ago. I had to use the bathroom and find a torque wrench. Never did find the bathroom but I did find a lovely crock pot. They made me buy it or they were gonna prosecute.
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Seriously, I thought Sears and K-mart were fronts for something. They were always empty except for me, I was in there.
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afterburnt wrote: »I think the last time I was in a Sears store was more than ten years ago. I had to use the bathroom and find a torque wrench. Never did find the bathroom but I did find a lovely crock pot. They made me buy it or they were gonna prosecute.
Hmmm. Bathroom and a torque wrench? Not something I would ordinarily pair together However I'm happy you found a lovely crock pot! Basement: Polk SDA SRS, Cary SLP-05 Pre with ultimate upgrade,Enlightened Audio Designs CD Transport, Northstar Designs Excelsio DAC, Cambridge 851N streamer, Marantz SA-14 SACD, McIntosh MC300 Amp, Silnote Morpheus Ref2 Digital Cables, Furman 15PFi Power Conditioner, Pangea Power Cables, Wireworld Oasis 8 RCA IC's, MIT Shotgun S3 IC's, MIT Shotgun S1 Bi-Wire speaker cables
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Never said anything about tragedies my friend. But it it's going to suck IF Sears falls to the waste side.Man I wish it would end. It's like life as I knew it is forever fading away. It started way back in the day when NOBODY BEATS THE WIZ went under. I loved that store. I mean there has been many other stores that went under but didn't sting like the Wiz did. Then when Tweeter and Circuit City went under I felt like part of me died.
Soundex was another company when they fell apart it hurt.
Sears is a place my family has been shopping at for decades. Back to my Grand Father and father before me. I buy most of my clothes there as I really like the Outdoor Life series.
Man I hope they survive as I'm not a big of fan of Boscov's.
If these are the biggest tragedies of your lifetime, consider yourself blessed.
Dan
My personal quest is to save to world of bad audio, one thread at a time. -
I'm sorry, but it's JUST a store, plenty have come and gone and they should have been allowed to die a loooong time ago. That's just life, adapt or die. Just ask Woolworths, Kennedys, Zayres.
Stop living in the past wishing for the good old days which weren't that good and focus on the future. Otherwise, you will end up just as useless and irrelevant as the above stores.Marantz AV-7705 PrePro, Classé 5 ch. 200wpc Amp, Oppo 103 BluRay, Rotel RCD-1072 CDP, Sony Bravia KDL-40R510C TV, Polk S60 Main Speakers, Boston VR-920 Center Channel, SVS NSD-12 SB12 Subwoofer, Polk DSW 400 Subwoofer, Polk FXi-3 Surround Speakers -
Stop living in the past wishing for the good old days which weren't that good and focus on the future. Otherwise, you will end up just as useless and irrelevant as the above stores.
Shakes head in wonder...
The Gear... Carver "Statement" Mono-blocks, TriangleArt Reference SE with Pass Labs Xono Phono Preamp, Walker Precision Motor Drive, ClearAudio Goldfinger Statement V2 cartridge and Origin Conqueror Mk3c tonearm, Polk Audio "Signature" Reference Series 1.2TL with complete mods, Pass Labs X0.2 three chassis preamp, PS Audio PerfectWave DAC MkII, Pioneer Elite SC-LX701, Oppo UDP-205 4K Blu-ray player, Sony XBR70x850B 4k, Polk audio AB800 "in-wall" surrounds.
“Every record has been destroyed or falsified, every book has been rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered…History has stopped. Nothing exists except the endless present in which the party is always right” — George Orwell
“If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
