They used to sell pre-fab house kits via mail order. I have a repro 19th century catalog as a keepsake.
https://www.theguardian.com/busines...quidation-takeover-deal-bankruptcy-protection
Assets to go up for auction on 14 January after bankruptcy judge gives financier Edward Lampert more time to improve offer
Sears, once the world’s largest retailer, appears to be heading into liquidation after failing to reach a $4.4bn takeover deal with the financier Edward Lampert.
The 126-year-old company has been struggling for years and filed for bankruptcy protection in October. The failure to strike a deal to stave off collapse will make it the most high-profile victim in the apocalyptic wave of bankruptcies sweeping over the US bricks-and-mortar retail sector.
=====================================================
Sears gas come a long way (down) since as a kid we used to look forward to getting their huge catalogs in the mail each year. They used to sell pre-fab house kits via mail order. I have a repro 19th century catalog as a keepsake.
sorry to see the decline of Sears. i'm wondering what will happen to the Kmart in my hometown. if they close it, i wouldn't be surprised if someone buys it and reopens it. that's what happened after a private equity firm looted our local grocery store chain until it died.
Hedge funds have been ripping off retirement funds repeatedly and getting away with it. I'm wondering how the Sears retirement funds are doing? Are they protected? Are they vulnerable? How about KMart?
/
Eh, I am going to keep shopping at Montgomery Wards
Sadly, 4 years ago I replaced the furnace in my old home....it still had the Montgomery Wards sticker on it. :neutral:
Like this?
Including all labor, this could have been built for $1500. That's $32,000 today.
Those old Sears catalogs are fascinating just for this reason!
In High School, I worked at the Monkey Ward's auto center across the street, crappy job, I quit when they wanted me to wear nice dress shirts...and haul up cases of leaky motor oil (back in the day, they were in the paper cans). But.....something amazing happened since then, the place became a Sears auto center, and of course Sears closed and this big auto center with the sales room and the 10 bay garage on both sides went empty, till a few months ago. Now it is a beautiful ale house back in the service area with indoor and outdoor seating and all those nice garage doors that open and close. They always have 32 different micro brewed beers on tap, and they change out when the keg runs out. And the sales area where I worked is now a chi-chi cocktail lounge. I love to revisit it and walk the owner through what used to be there...
I am so glad to see buildings repurposed and used again; unfortunately, many buildings are torn down and cheap ugly condos tossed up in thier place.
We used to live near an OLD brewery....built in the late 1800's, it closed down, but rather than level it, they modified it and converted it to loft style apts.
They got this....
View attachment 67247744
From this...
View attachment 67247745
sorry to see the decline of Sears. i'm wondering what will happen to the Kmart in my hometown. if they close it, i wouldn't be surprised if someone buys it and reopens it. that's what happened after a private equity firm looted our local grocery store chain until it died.
https://www.theguardian.com/busines...quidation-takeover-deal-bankruptcy-protection
Assets to go up for auction on 14 January after bankruptcy judge gives financier Edward Lampert more time to improve offer
Sears, once the world’s largest retailer, appears to be heading into liquidation after failing to reach a $4.4bn takeover deal with the financier Edward Lampert.
The 126-year-old company has been struggling for years and filed for bankruptcy protection in October. The failure to strike a deal to stave off collapse will make it the most high-profile victim in the apocalyptic wave of bankruptcies sweeping over the US bricks-and-mortar retail sector.
=====================================================
Sears gas come a long way (down) since as a kid we used to look forward to getting their huge catalogs in the mail each year. They used to sell pre-fab house kits via mail order. I have a repro 19th century catalog as a keepsake.
Watch for someone to buy the name. That's what happened with Mongomery Wards. A company bought that name, and mails out catalogs to people with bad credit, offering crappy merchandise.
I am so glad to see buildings repurposed and used again; unfortunately, many buildings are torn down and cheap ugly condos tossed up in thier place.
We used to live near an OLD brewery....built in the late 1800's, it closed down, but rather than level it, they modified it and converted it to loft style apts.
They got this....
View attachment 67247744
From this...
View attachment 67247745
https://www.theguardian.com/busines...quidation-takeover-deal-bankruptcy-protection
Assets to go up for auction on 14 January after bankruptcy judge gives financier Edward Lampert more time to improve offer
Sears, once the world’s largest retailer, appears to be heading into liquidation after failing to reach a $4.4bn takeover deal with the financier Edward Lampert.
The 126-year-old company has been struggling for years and filed for bankruptcy protection in October. The failure to strike a deal to stave off collapse will make it the most high-profile victim in the apocalyptic wave of bankruptcies sweeping over the US bricks-and-mortar retail sector.
=====================================================
Sears gas come a long way (down) since as a kid we used to look forward to getting their huge catalogs in the mail each year. They used to sell pre-fab house kits via mail order. I have a repro 19th century catalog as a keepsake.
The malls have been doomed for decades.....DeadMalls.com: StoriesWhat's happening to Sears is the future for Malls in America.
Not sure what the gov't could have done about the decline.:shrug:The government should have seen this coming years ago, not sure why they didn't everyone else did.
You forgot JC Penney. Most retailers sell the same stuff Amazon sells, but they can't match Amazon's prices.Target, KMart, all the big retailers are going down, unless they can find a way to differentiate themselves from cheaper Chinese Amazon products!
Watch for someone to buy the name. That's what happened with Mongomery Wards. A company bought that name, and mails out catalogs to people with bad credit, offering crappy merchandise.
This immediately follows after the bankruptcy court approved $25,000,000.00 in bonuses to the executives for doing a great job - while stiffing creditors. Outrageous!
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?