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Sears/Kmart Closing more stores starting Jan 2017


9 replies to this topic

#1 riven3d  OFFLINE  

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Posted Dec 29, 2016 - 8:36 am

http://www.sfgate.co...ing-6821270.php

 

this is just the first phase more to come as the year goes



#2 tracy0504  OFFLINE  

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Posted Dec 29, 2016 - 9:04 am

They are closing two Sears in my area (Cheektowaga and Amherst)... I need some new household items, but I know what a "liquidation" sale entails so by the time I want to start shopping for items they will probably be very well picked over...if only everyone had the patience I do to wait until they went to at least 75-80% off there would be a better selection of items to choose from...sigh...



#3 racerfan  OFFLINE  

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Posted Dec 29, 2016 - 9:17 am

Sears in Middletown NY is closing.

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#4 Tara3117  OFFLINE  

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Posted Dec 29, 2016 - 10:37 am

They already reduced our Sears from 2 floors down to 1, so I would think we'd be safe for a little while longer. I hope. Sears is kind of a must-have store for me.


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#5 speeddiva  OFFLINE  

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Posted Dec 29, 2016 - 10:51 am

My nearest KMart is 55 miles away and we are down to 1 Sears store within 50 miles.


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#6 Kanyon71  OFFLINE  

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Posted Jan 4, 2017 - 8:33 am

I heard there will be a lot of store closing for traditional retailers this year even though it was the most successful shopping year in a long time. Article I read said a lot of the stores will end up remaking themselves to add things you just can't get from places like Amazon (they used an example of trying out a treadmill). Was a pretty interesting article all in all. I honestly don't care much about K-Mart, so many have closed and the ones that remain open look like they haven't been updated since the 80's. You want your store to be a success why do you try making them look nicer. Now as for Sears that will make me sad if they go away. I have bought many things from them over the years and still tend to wander in there for tools (especially when they have a good craftsman sale).



#7 magickallight  OFFLINE  

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Posted Jan 4, 2017 - 12:51 pm

We never had a Kmart near us - closest one is about an hour and a half away. We had a Sears at the nearest mall (about an hour a way), but it went out of business a few years ago. We had a "Hometown Sears" not far from here with limited items - but it went out of business last year... so we have NOTHING left... it's online or not at all - for the most part - I choose not at all - too much competition on larger items - and the smaller items that are on really good sales never seem to be available for shipping.



#8 hokie7373  OFFLINE  

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Posted Jan 5, 2017 - 12:20 pm

Macy's is also closing stores.



#9 Brad  OFFLINE  

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Posted Jan 5, 2017 - 2:29 pm

In addition to the 150 Sears/Kmart stores closing, they are also selling the Craftsman brand to Black & Decker:

 

http://www.wsj.com/a...cker-1483623215



#10 Kanyon71  OFFLINE  

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Posted Jan 6, 2017 - 6:53 am

Hope they don't kill the warranty of it. I think spreading the craftsman brand to other stores will help it out though. Article I read (not WSJ as they block most of the article unless i sign in) said that the deal gives Stanley the rights to sell at stores outside of Sears/Kmart. Odd wording. Did they just buy all of craftsman including the manufacturing and such or did they buy rights to it?

 

Either way it goes it says Sears bought Craftsman for $500 in 1927 and just sold these rights for $900 Million plus a percentage of sales of the items. Sounds like a good investment to me. I think they should kill Kmart off and try to revive Sears itself.





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