 |
 |
It is currently Wed Apr 24, 2024 10:32 pm |
|
All times are UTC - 8 hours |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
Page 1 of 3 |
[ 35 posts ] | Go to page 1, 2, 3 Next |
| Print view | Previous topic | Next topic |
Well, it finally happened...Sears, Roebuck & Co. Chapter 11
| Author | Message |
|---|---|
|
Site Supporter   Location: WA/MT Joined: Thu Sep 6, 2012 Posts: 8285 
|
m
Last edited by CQBgopher on Sat Jan 19, 2019 2:04 pm, edited 1 time in total. |
| Sun Oct 14, 2018 11:44 pm |
|
|
|
|
Site Supporter Location: WA/MT Joined: Thu Sep 6, 2012 Posts: 8285
|
,
Last edited by CQBgopher on Sat Jan 19, 2019 2:04 pm, edited 1 time in total. |
| Mon Oct 15, 2018 12:05 am |
|
|
|
|
Site Supporter  Location: West Olympia Joined: Mon May 28, 2012 Posts: 6817 Real Name: Matt
|
If it weren’t for Lamperts money sears would have been gone years ago. Wasn’t he the hedge fund manager that kept bailing them out? I too am very sad. My shop is full of craftsman tools. Sears and their goods were part of my life. Sad day for sure.
_________________ "I'm Hub McCann. I've fought in two World Wars and countless smaller ones on three continents. I led thousands of men into battle with everything from horses and swords to artillery and TANKS! I've seen the headwaters of the Nile, and tribes of natives no white man had ever seen before. I've won and lost a dozen fortunes, KILLED MANY MEN! And loved only one woman, with a passion a FLEA like you could never begin to understand. That's who I am. NOW, GO HOME, BOY!" "I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones". Albert Einstein 1947 |
| Mon Oct 15, 2018 12:15 am |
|
|
|
|
Site Supporter  Location: Everson, WA Joined: Sun Jan 6, 2013 Posts: 28191 Real Name: Ace Winky
|
Walking into Lowe's tool section doesn't feel the same as when we were kids in Sear's tools.
_________________ Why does the Penguin in Batman sound like a duck? Because the eagle sounds like a hawk. |
| Mon Oct 15, 2018 2:50 am |
|
|
|
 Location: Wyoming Joined: Mon Sep 24, 2012 Posts: 981
|
Surprised they have hung around. Changing over to all Chinese crap kept me away tool wise. Then after our experience trying to purchase a stove and mattress from them vowed that was the end of us buying from them.
|
| Mon Oct 15, 2018 4:59 am |
|
|
|
|
Site Supporter  Location: The banana belt of MT Joined: Wed Dec 30, 2015 Posts: 8587 Real Name: Brian
|
Chapter 11 gives debtors the opportunity to stay in business and to restructure their finances. Barring some limitations, both bankruptcies allow filers to modify their payment terms on secured debts, provide time to sell assets and eliminate obligations the filer cannot pay over the plan’s term.
_________________ "I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me."- Hunter S. Thompson |
| Mon Oct 15, 2018 5:32 am |
|
|
|
|
Site Supporter  Location: maple valley Joined: Mon May 6, 2013 Posts: 2575 Real Name: Earl
|
velillen wrote: Surprised they have hung around. Changing over to all Chinese crap kept me away tool wise. Then after our experience trying to purchase a stove and mattress from them vowed that was the end of us buying from them. This! It was a mattress for me. |
| Mon Oct 15, 2018 6:05 am |
|
|
|
|
Site Supporter Location: WA/MT Joined: Thu Sep 6, 2012 Posts: 8285
|
,
Last edited by CQBgopher on Sat Jan 19, 2019 2:03 pm, edited 1 time in total. |
| Mon Oct 15, 2018 6:11 am |
|
|
|
|
Site Admin   Location: Olympia, WA Joined: Fri Mar 11, 2011 Posts: 38310 Real Name: Dan
|
Lampert offered to buy Kenmore for 400mil a couple years ago, Sears BOD rejected it. It's now worth less than 100mil.
There are going to be a lot (more) big empty boxes in malls across the USA. And anybody who thinks that this Ch11 is just to restructure, wishful thinking. They are bleeding and will continue to bleed. Closing stores won't cover their debt. What it will do is allow them to offload a lot of their real estate investments at a quicker pace. Then, close all the leased areas. |
| Mon Oct 15, 2018 6:31 am |
|
|
|
|
Site Supporter  Location: south 'merca Joined: Wed Jul 25, 2012 Posts: 9738 Real Name: Mike
|
This is heartbreaking in a way, for me. When I was little, we didn’t have any Walmart’s or targets within 150 miles of us. Not till I was a teenager at least. I remember doing most of my shopping as a kid at sears. School clothes? Sears, grandpa needed a new power tool, sears, grandma needed fabric for sewing, sears, hell my grandpa would drive the extra 20 miles to go to sears over going to k mart(he hated k mart).
Ima miss that place, but sadly I’m not shocked it’s going. It’s been going down hill for a long time. It’s sad. _________________ "No Quarter, No Mercy" mash_man wrote: #gangbangerlivesmatter |
| Mon Oct 15, 2018 6:50 am |
|
|
|
|
Site Supporter Location: south 'merca Joined: Wed Jul 25, 2012 Posts: 9738 Real Name: Mike
|
Soldier_Citizen wrote: This is heartbreaking in a way, for me. When I was little, we didn’t have any Walmart’s or targets within 150 miles of us. Not till I was a teenager at least. I remember doing most of my shopping as a kid at sears. School clothes? Sears, grandpa needed a new power tool, sears, grandma needed fabric for sewing, sears, hell my grandpa would drive the extra 20 miles to go to sears over going to k mart(he hated k mart). Ima miss that place, but sadly I’m not shocked it’s going. It’s been going down hill for a long time. It’s sad. My first shotgun(it was a hand me down from a cousin), but it was a sears & roebuck. *** I’m an idiot. I ment to edit, not quote myself. I need more coffee _________________ "No Quarter, No Mercy" mash_man wrote: #gangbangerlivesmatter |
| Mon Oct 15, 2018 6:52 am |
|
|
|
|
Site Supporter  Location: South Seattle Joined: Thu Sep 22, 2011 Posts: 13486 Real Name: JP
|
Sears fucked me over on an online parts order for my Kenmore BBQ last summer.
In today's economy, you either adapt and move forward, or crawl to the side and die. _________________ Yes I Do Have A Beautiful Daughter.. I Also Have A Gun, A Shovel, & An Alibi |
| Mon Oct 15, 2018 6:59 am |
|
|
|
|
Site Supporter Location: WA/MT Joined: Thu Sep 6, 2012 Posts: 8285
|
,
Last edited by CQBgopher on Sat Jan 19, 2019 2:02 pm, edited 1 time in total. |
| Mon Oct 15, 2018 7:30 am |
|
|
|
|
Site Supporter  Location: Tacoma Joined: Sat May 4, 2013 Posts: 6217
|
The arrival of the Sears Christmas catalog was a big event when I was a kid.
|
| Mon Oct 15, 2018 7:31 am |
|
|
|
|
Site Supporter Location: South Seattle Joined: Thu Sep 22, 2011 Posts: 13486 Real Name: JP
|
dan360 wrote: L_O_G wrote: Sears fucked me over on an online parts order for my Kenmore BBQ last summer. In today's economy, you either adapt and move forward, or crawl to the side and die. The sad part is the reason why they messed up your order. They cannot adapt when the leadership has a vision of personal profit at the demise of the company. Exactly. I loved Sears as a kid, but they have been circling the drain for a longtime. _________________ Yes I Do Have A Beautiful Daughter.. I Also Have A Gun, A Shovel, & An Alibi |
| Mon Oct 15, 2018 7:45 am |
|
|
|
|
|
Page 1 of 3 |
[ 35 posts ] | Go to page 1, 2, 3 Next |
|
All times are UTC - 8 hours |
Who is online |
Users browsing this forum: No registered users and 130 guests |
| You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|