Sears Dying a Death They Deserve

This will be short and sweet today.

First, here's some news from CNN:

[Sears] lost $748 million in the most recent quarter, up from the $454 million loss in the year-ago period. Revenue tumbled 12.5%, due to both the store closings and a 7% drop in sales at the stores that remained open. Hollar acknowledged that the company has "fallen short" of its own turnaround plans. Indeed, Sears Holdings has lost $9.8 billion since 2011 thanks to six straight years of losses.

Second, hahahahahahahahahahahahahahahahahahahahahahahaha.

I wonder if it's because they STINK at customer service.

For background on my war with Sears, see Dear Sears, This is Why I Hate You.

For even more, scroll through the Sears posts in my company experiences category. There are several of them. Sears actually makes Comcast look good.

Comments

[Jon @ Be Net Worthy]

Frankly, I'm surprised they lasted this long. They really lost their way years ago. I can't remember the last time I stepped foot in a Sears store except to buy vacuum bags which I needed in a rush but would have purchased on Amazon otherwise. That was once in the last 10 years.

[DIY$]

Surprised they are still around at all. Even their real estate isn't worth nearly as much anymore since malls are dying around the country. The last thing of value they have is the Craftsman brand and even that is up for sale.

Looking back through your company experiences category I'm reminded of how bad Best Buy has been and that they've been able to fend off Amazon and other online retailers so long.

[freebird]

I've heard a letter to the CEO is often effective to fix issues like yours, but in this case I'm not so sure--
http://www.businessinsider.com/sears-failing-stores-closing-edward-lampert-bankruptcy-chances-2017-1

[Mrs. Picky Pincher]

Ouchhh, Sears! Yeah, I don't like them either. It sucks because in the 90s I remember they were totally killing it (but that was 20 years ago). Nowadays the Sears that I infrequently go to are dirty, old, and generally outdated. The customer service is horrible and they're under-staffed. It sucks because the company built such a long legacy, but they either need to shut their doors or truly overhaul their brand.

[Charles Dale]

"Second, hahahahahahahahahahahahahahahahahahahahahahahaha."

Be nice now. I still feel bad for them because this is a company I have known for many years and have fond memories of and all the jobs that will be lost by their closing is a shame for the employees that need that job. This will be for Macy's and other stores as more and more people shop online.

Also, technology will be killing off jobs to and you won't hear much about illegal immigrants causing jobs loss. My question is what are we going to do with all the people displaced by technology? What if you are in your 50's? Companies don't like to hire at that age, didn't need a college degree because you had a good job for many years without it. Can't afford the tuition of colleges now and can't wait 4 years to get a degree which is no guarantee you'll get a job and if you are out of work for 6 months or longer, companies don't like that either and if you are one who is in all these categories, what do you do? Scary to think of so many people no longer needed at their jobs. Will the percentage of people working in America get even less. It is now at a low that has not been seen since "The country's labor force participation rate – which measures the share of Americans at least 16 years old who are either employed or actively looking for work – dipped last month to a 38-year low, clocking in at an underwhelming 62.6 percent.Jul 16, 2015" I fear we will not have plans in place for displaced workers due to technology.

[Josh Stein]

Tell us how you really feel, hahaha!