Joined: 04 Jul 2003
Posts: 127
| Posted: Tue Jul 29, 2003 4:40 am Post subject: different people different schemes | |
i think sears can not keep enough corporate executives stacked up to take the place of the next one fired if he can not make sears what it once was. all we see is different schemes, no plan, no follow thru. just people going thru the routine of doing their job and hoping sears will regain market share by osmosis. sure sears has the sears charge card and they have hooked many on that, but now it does not even belong to them. they get money from it, but down the road what happens when a company sells off its credit . whats next. a new scheme. 
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Joined: 09 Jul 2003
Posts: 73
| Posted: Tue Jul 29, 2003 4:59 am Post subject: Re: different people different schemes | |||
an accurate observation by rp... The business climate changes, and Sears didn't run with the same stamina the competitors did. Sears has one chance left. Sales. It's easy when you know how. We have people (the big-ticket sales associates in the stores) who have known how to sell professionally for years. The temporary stock inflation has little to do with the lasting value of the company. It is for you to decide which is most important. |
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Joined: 04 Jul 2003
Posts: 517
| Posted: Wed Jul 30, 2003 12:53 am Post subject: | |
Very good point WHTS. I had moved a good portion of my sears at 63 a couple of years ago but still had a good chunk left. I just sold my last 1/2 of sears at 40. when it was low I said I'd move it if it ever hit 40. I guess they say there's  room for bears, room for bulls, but no room for Pigs. Hope it keeps going up but my read is the raise is a knee jerk reaction to the latest news and when retail has to stand on its own Sears will be back in the tank. Hope not for my friends sake. GFG
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Joined: 07 Jul 2003
Posts: 1037
Location: Formerly 3333
| Posted: Wed Jul 30, 2003 1:02 am Post subject: | |
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I'm one of those who is still holding a substantial amount of his portfolio in Sears stock banking on the continued rise. I'm sure I'll get cold feet and bail at some point but I'm not sure at what price.
Do I hear $50???? "Footie" |
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Joined: 04 Jul 2003
Posts: 1381
| Posted: Wed Jul 30, 2003 1:09 am Post subject: | |
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Yes, we have the big ticket sales associates in the stores who have known how to sell professionally for years. Our problem is now, how to get people into the store, and up the escalator. Lately, our traffic in bc is rapidly diminishing. The sales associates are patiently waiting for customers to come in. It is a really sad sight most days.
On the converse, there's a crowd waiting to purchase their clearance clothing at the center aisle cashwraps. They don't even walk near brand central except to ask where the restroom is. Employees and customers alike are talking about how they can buy outfits for eight, ten and twenty dollars. Doesn't sound very profitable to me. And a lot of those items are our beautiful lands' end, devalued to almost nothing. |
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Joined: 10 Jul 2003
Posts: 125
| Posted: Wed Jul 30, 2003 1:45 am Post subject: | |||
I thought my store was the only one without business. |
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Joined: 05 Jul 2003
Posts: 1522
Location: chicagoland by the big guys
| Posted: Wed Jul 30, 2003 2:12 am Post subject: | |
| Yes I bought six lands end sweaters today for 3.82 a piece all colors very nice and soft. I loved it | |
Joined: 04 Jul 2003
Posts: 830
| Posted: Wed Jul 30, 2003 2:26 am Post subject: | |
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You too! I got 2 sweater sets and a polo for about $26.
Black and white of course so I can write them off the taxes. CS 
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Joined: 04 Jul 2003
Posts: 830
| Posted: Wed Jul 30, 2003 2:28 am Post subject: | |
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Seriously, I think if Land's End finds out they're giving more % off the clearance they'll sue for breach of contract and Sears will take a dive.
CS
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Joined: 07 Jul 2003
Posts: 1037
Location: Formerly 3333
| Posted: Wed Jul 30, 2003 2:44 am Post subject: | |
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Damn... i need clothes too. At those prices, I can't afford NOT to go shopping. Now if I only had a little spare time.... I'd head out to Spring Hill and part with some cash.
"Footie The Robot" |
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Joined: 05 Jul 2003
Posts: 99
Location: New England
| Posted: Wed Jul 30, 2003 2:45 am Post subject: | |||
GFG, we seem to be on the same page. I sold most of my stock at 40.4. It's gone up a buck since then but better safe then sorry. I'll buy in again if it goes below 20 or if I see a BOD nad management team that can fix this company. So far the only key player I would bet on is Cosby. I haven't seen or heard much about the others, even Lacy seems to be keeping a low profile........maybe he's run out of reasons for the bad SSS #'s. |
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Joined: 07 Jul 2003
Posts: 1037
Location: Formerly 3333
| Posted: Wed Jul 30, 2003 2:51 am Post subject: | |
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Diss.... I'm crushed!!!
I wasn't mentioned as a reason to buy more Sears stock!!  
"Footie" |
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Joined: 04 Jul 2003
Posts: 130
Location: Florida
| Posted: Wed Jul 30, 2003 2:52 am Post subject: | |
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Same in our store. No customers in BC, but tons of folks scooping up the clearance, especially Land's End.
Watch the Stock very closely, if your planning on selling at some point. Don't get greedy.  When it starts to go down it will be fast.  You know what thet say about timing the market.
Good Luck!!!!
JL |
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Joined: 05 Jul 2003
Posts: 1522
Location: chicagoland by the big guys
| Posted: Wed Jul 30, 2003 2:55 am Post subject: | |
| sold half the day we sold credit, holding on for fifty for the next half but I will dump if it starts dropping . Glad to say we have been running an increase in bc | |
Joined: 04 Jul 2003
Posts: 1337
Location: The Collective
| Posted: Wed Jul 30, 2003 2:55 am Post subject: | |||
The stock will go down if we have to replace your batteries, Foots! Cant have a run down BOT...... |
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Joined: 07 Jul 2003
Posts: 1037
Location: Formerly 3333
| Posted: Wed Jul 30, 2003 3:10 am Post subject: | |
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Joined: 11 Jul 2003
Posts: 132
Location: Midwest, IN
| Posted: Wed Jul 30, 2003 6:01 am Post subject: | |
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oh yeah, BC is slow..... center isle cashwraps are busy though just as someone else mentioned thanks to all these clerance items.... half the customers ask... how much is this, isnt it supposed to be 50% off...
Signage issues atleast a couple an hour... its getting crazy. |
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Joined: 07 Jul 2003
Posts: 50
Location: on the outside looking in
| Posted: Wed Jul 30, 2003 6:26 am Post subject: | |
| SSS numbers for July for the Sears retail part of business should come in down about 3%. Was this inline with projections? Anyone hear what was expected? | |
Joined: 04 Jul 2003
Posts: 477
| Posted: Wed Jul 30, 2003 6:50 am Post subject: | |||
Bodyguard wrote
That was freakin hilarious. Funniest thing i have heard on this site in a while. |
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Joined: 05 Jul 2003
Posts: 1522
Location: chicagoland by the big guys
| Posted: Wed Jul 30, 2003 11:24 pm Post subject: | |
Stock is down watch it!!! It might tumble!!! 
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