Joined: 27 Mar 2006
Posts: 224
Location: east of the Mississippi and north of the Ohio
| Posted: Mon Oct 20, 2008 10:55 pm Post subject: 8 Kmart, 4 Sears stores to close Jan. 31 | |||||
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Yes, this is probably the 3rd thread on this subject.
My apologies. LT 8 Kmart, 4 Sears stores to close Jan. 31 From Sandra Jones, Chgo Tribune 10/20
Halted the Grands and Essentials or the growth? 
No list for the 8 Kmarts... |
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Joined: 29 Mar 2006
Posts: 1236
Location: Ontario, Canada
| Posted: Mon Oct 20, 2008 11:26 pm Post subject: | |||
first, he halted the INVESTOR program...... then the GROWTH program...... and now the ESSENTIALS and GRANDS |
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Joined: 27 Mar 2006
Posts: 224
Location: east of the Mississippi and north of the Ohio
| Posted: Mon Oct 20, 2008 11:29 pm Post subject: | |||
Thanks SC ! I think you've got it 
LT |
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Joined: 27 Mar 2006
Posts: 224
Location: east of the Mississippi and north of the Ohio
| Posted: Mon Oct 20, 2008 11:47 pm Post subject: | |||
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Here’s one Kmart
Kmart Closing Clark County Store
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Joined: 06 Jul 2003
Posts: 7078
Location: Central CA
| Posted: Mon Oct 20, 2008 11:54 pm Post subject: | |
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Actually, Eddie has earned his nickname (one among many of course), "Fast Eddie". I really thought it would take him at least five years to come to this point. He's accomplished it in three.
Somebody needs to tell him that he's also been beaten to the "Use a venerable retailer name for an overpriced strictly on line retail organization" idea too. Montgomery Ward's has been doing it for several years now. |
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Joined: 08 Jul 2003
Posts: 4996
| Posted: Tue Oct 21, 2008 3:06 am Post subject: piece by piece | |
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Bit by bit,piece by piece,store by store or employee by employee;just nibble away so you can just justifying layoffs and closings as part 'the normal course of business'
But as someone pointed out in the comments section it is NOT normal to be closing stores. You might have to close stores but should you have to-no. |
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Joined: 11 Apr 2007
Posts: 349
| Posted: Tue Oct 21, 2008 3:17 am Post subject: | |
Ahhh....damnit. Damn damn damn. I hope they don't close my store. I don't think they will...blah. This is getting scary. 
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Joined: 06 Jul 2003
Posts: 7078
Location: Central CA
| Posted: Tue Oct 21, 2008 4:28 am Post subject: | |||
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Joined: 13 Jun 2008
Posts: 43
| Posted: Tue Oct 21, 2008 4:29 am Post subject: | |
| Given the way the business in my store has been, I fully expect my store to be one of the ones that closes. And, in a crazy turn of events, I actually am looking forward to the day it happens. | |
Joined: 28 Apr 2005
Posts: 1716
| Posted: Tue Oct 21, 2008 5:10 pm Post subject: | |||
It apparently has to be REALLY dead to be considered an underperforming store. None of the stores in my area have been closed (yet at least) and these places are almost all ghost towns. These are 100,000 s.f. stores with barely enough business to keep one register going. |
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Joined: 27 Mar 2006
Posts: 224
Location: east of the Mississippi and north of the Ohio
| Posted: Tue Oct 21, 2008 6:23 pm Post subject: | |||
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Another Kmart
Kmart to close Forest Park store
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Joined: 27 Mar 2006
Posts: 224
Location: east of the Mississippi and north of the Ohio
| Posted: Tue Oct 21, 2008 6:31 pm Post subject: | |||||
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Sandra Jones has the complete store list in the Tribune today
LT Sears to close 12 underperforming stores outside Illinois All 12:
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Joined: 27 Mar 2006
Posts: 224
Location: east of the Mississippi and north of the Ohio
| Posted: Tue Oct 21, 2008 6:42 pm Post subject: | |||
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New quote? from Kimberly Freely reported by Reuters
UPDATE 1-Sears Holdings to close 12 stores Interesting denial? LT
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Joined: 04 Jul 2003
Posts: 1964
| Posted: Wed Oct 22, 2008 4:23 am Post subject: | |
"Its not part of the greater issue.". Is she kidding? 
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Joined: 06 Jul 2003
Posts: 7078
Location: Central CA
| Posted: Wed Oct 22, 2008 4:25 am Post subject: | |
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No, but she thinks she is.
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Joined: 04 Jul 2003
Posts: 1964
| Posted: Wed Oct 22, 2008 4:32 am Post subject: | |
People's livelyhood is at stake and that's what she comes up with. I wonder how long she'd last living on what we make and from paycheck to paycheck.  
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Joined: 08 Jul 2003
Posts: 4996
| Posted: Wed Oct 22, 2008 5:52 pm Post subject: bubble boom | |
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I noticed 2 Florida stores closing,a housing boom state.And a S C Sears Grand.
All three of those stores were either a Grand,Essentials or Kmart;the boxes of the future-ppffftttt. It makes you wonder if the original Grand experiments and results were in boom areas;especially the Calif and Las Vegas Grands.Even the Utah Grand was in a area that just had a winter Olympics. As little as Sears and Kmart targeted 'boom' customers perhaps the boom did keep Sears alive a little longer in that when people move or work in a new/different area they look for a familiar name when shopping.Until they actually become familiar with local economy. |
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Joined: 05 Jul 2008
Posts: 37
| Posted: Wed Oct 22, 2008 8:05 pm Post subject: | |
| I live near the Sarasota Kmart that is closing. It is near a mall and is an older Kmart. Small volume store but they had neglected the store for years. In fact the store ran for the past couple years with no appointed store manager. They would put assistants in and have someone answer for the store but never gave title or salary. The DM is this part of the country is absolutely horrible. Even before the economy fell apart her district had some of the worst results. And she believes in managing hard which has caused mass firings and extremely high turnover.(including management in store) The results were screaming bad management but the good ones ran away. The unemployment in this area of the country is near 8% and the county below near 9%. The Kmart up the road from this one has few cars in the parking lot and little help. And another one which has no pernament store manager. A few months ago they fired some fulltime people out of the store that is closing and demoted others. I wish they would fire the DM and her followers and had returned to being merchants but I think the writing is on the wall and I think there will be more out of this area of the country. | |
Joined: 22 Jul 2008
Posts: 204
Location: HELL
| Posted: Thu Oct 23, 2008 1:00 am Post subject: | |
 http://www.istockanalyst.com/article/viewiStockNews+articleid_2727786.html 
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Joined: 04 Jul 2003
Posts: 420
Location: Somewhere between here and there...
| Posted: Thu Oct 23, 2008 6:14 am Post subject: | |
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On the brighter side... http://www.antigodailyjournal.com/full.php?id=6894
This store is actually going into an old K-Mart store located in a strip mall. |
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Joined: 22 Jul 2008
Posts: 204
Location: HELL
| Posted: Thu Oct 23, 2008 2:29 pm Post subject: | |
http://www.tradingmarkets.com/.site/news/Stock%20News/1962761/ 
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Joined: 06 Jul 2003
Posts: 7078
Location: Central CA
| Posted: Thu Oct 23, 2008 3:35 pm Post subject: | |||
One of the new dealer stores, right? They're talking about a couple of those for our area. We only have one Sears store in the county right now and if the concept works out, it might be an answer for those in other communities in the county who simply don't want to drive here to shop. |
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Joined: 04 Jul 2003
Posts: 420
Location: Somewhere between here and there...
| Posted: Thu Oct 23, 2008 6:34 pm Post subject: | |
| I believe so. All they sell are appliances and hardware. | |
Joined: 04 Jul 2003
Posts: 489
| Posted: Fri Oct 24, 2008 1:16 am Post subject: | |||
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