Sear/Kmart to shut 120 stores

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They just owned a new kmart by us.

Say what you will about Sears/Kmart, without fail the shopping experience is better than Walmart.
 
Originally Posted By: JHZR2
They just owned a new kmart by us.

Say what you will about Sears/Kmart, without fail the shopping experience is better than Walmart.

This is for sure!
 
I cant believe the KM stores around here are still surviving,they carry nothing and there prices are 10% higher then WM,nobody's hardly in the store it's old,dirty,ceiling leaking all the time just a [censored] store..
 
When I go to sears it's in a mall with a bunch of other stores. People park in front of sears to go to these other stores, and I have to walk quite a ways.

Sears is so gung ho on their pricy mall real estate, they store the big stuff in a warehouse a few blocks down. I was in the TV showroom all hot to buy a TV but the salesman said, sorry, nope, the warehouse is closed.
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(Some MBA probably said, hey let's save $7.50/hr by closing the warehouse during non-peak times.)

I returned the next day and said, bluntly, I want to buy this (loss-leader) TV and the salesman spent most of his time putting it down as disposable and hard to buy parts for.

Another time I was looking at $1500 clothes washers and immediately attracted the attention of a commissioned salesperson. I then noticed a $500 scratch and dent model and she ran off "for more info on a recall on that model" and disappeared for twenty minutes before we, ourselves, disappeared.
 
Not surprised by the news about closing of the stores.

Shopping at Sears can be a Kafkaesque experience.

The place of K-mart in the market is questionable - I don't know what kind of a shopping experience they want to provide in order to secure market share.
 
Actually to me Kmart is one of the last places I want to go to. Service is terrible and the prices for what limited selection they have isn't that good. Sears though I still like going to. Since Ace Hardware carries Craftsman products now they are close to me.
 
No surprise here. Stock, sales and earnings have been heading lower for some time. Surprised the one Kmart near me stayed open as long as it has. Basically a joke and the only thing I used it for was Purolator oil filters, and to grab a circular for the Wally price match for oil, because their stock/selection was so limited.

Haven't announced which stores will close yet.
 
ACE is where I prefer to shop. The prices are higher than Lowes or HD but their staff are knowledgeable and the stores seem to always have what you need.
 
I like Kmart. I've recently got some excellent deals on clearance oils. With mail in rebates for these synthetic and Dino oils, Pennzoil, Valvoline, Castrol, Mobil 1, Quaker State, the price per quart came to about $1 a quart, after engine guarantee programs and rebates.

The switch from Gallon Jugs to 5.1 Quart Jugs created some "unique" buying opportunities at Kmart that could not be found anywhere else.

I've given them a lot of business these past 6 months......
 
WalMart is doing in everybody. Our local KMart was closed a few years ago and the local Sears is a small one, though it is still the best place for tools. In general I think Craftsman tools are the best value/price in the mass market retailers I have easy access to. I'm not as happy at what I can get at Lowes and Home Depot. Tools are one thing I like to be able to purchase locally, even if I have to pay a bit more. When you're in the midst of a project and you need a tool it is nice to be able to just go and get it.
 
Last edited:
Originally Posted By: 65cuda
Actually to me Kmart is one of the last places I want to go to. Service is terrible and the prices for what limited selection they have isn't that good. Sears though I still like going to. Since Ace Hardware carries Craftsman products now they are close to me.


The checkout lines are never as long at kmart as they are at walmart. That is the most important service metric - how long it takes to get out once I've found what I want. They may not have as much selection on oils and a few auto parts, but for most anything else, I don't have any issues and avoid Wally like the plague. Couldn't be a worse place to shop.

Why do PU thi Matthew, which has worse prices, grabs market share? Because. Oboes wants to put up the hassle of dealing with Wally if they can avoid it.
 
Originally Posted By: AuthorEditor
WalMart is doing in everybody. Our local KMart was closed a few years ago and the local Sears is a small one, though it is still the best place for tools. In general I think Craftsman tools are the best value/price in the mass market retailers I have easy access to. I'm not as happy at what I can get at Lowes and Home Depot. Tools are one thing I like to be able to purchase locally, even if I have to pay a bit more. When you're in the midst of a project and you need a tool it is nice to be able to just go and get it.


Yes, our last Zellers is being replaced by a Mall-Wart here, sad, just another place I can no longer shop.
 
Originally Posted By: JHZR2

The checkout lines are never as long at kmart as they are at walmart. That is the most important service metric - how long it takes to get out once I've found what I want.


That is precisely my complaint about Target. They'll have 20 registers but 18 of them will be closed, and the two that are open will each have 5 or 6 people standing in line. Then on the way out I'll see several Target employees standing out front having a smoke break...
 
I stopped buying Sears products when they stiffed me on a Craftsman lawn mower. Had a leaky gas shut-off valve and they told me I could not buy just the valve as there was a recall on the whole tank assembly. Then they told me I had to PAY for the "recalled" tank to the tune of over $80. I have a Toro now.
 
Originally Posted By: daman
I cant believe the KM stores around here are still surviving,they carry nothing and there prices are 10% higher then WM,nobody's hardly in the store it's old,dirty,ceiling leaking all the time just a [censored] store..

+1 same here. And if the lines are shorter than Wally it's because they have nothing to sell, can't compete pricewise with Wally or even some of the dollar stores. And, sometimes the lines are longer/slower because they only have 2-3 check out lines.

The closest Sears is part of a mall which makes it less convenient to get into and out of. Folks speak with their wallets, and it seems holiday sales was the last straw.
 
Originally Posted By: css9450
Originally Posted By: JHZR2

The checkout lines are never as long at kmart as they are at walmart. That is the most important service metric - how long it takes to get out once I've found what I want.


That is precisely my complaint about Target. They'll have 20 registers but 18 of them will be closed, and the two that are open will each have 5 or 6 people standing in line. Then on the way out I'll see several Target employees standing out front having a smoke break...


Yeah, but does target promise/lie that they will open another line if more than two folks are on line?

And for those "voting with their wallets, they sure aren't for service or real cost to the community.

People wonder why do much is going down the tubes, why small business doesnt survive, etc. the wal-Mart effect has so much to do with it.

At our local Kmart, there are a ton of people who have been working there since I was in grade school or longer. Not just a manager or two, but checkers, etc.

The walmarts that we frequent I've never seen the same person twice. Perhaps it bnefits "cost efficiency", but propagates the wage slave situation that more and more Americans (including wal-mart apologists on here, I'll bet) are getting snagged in to.
 
Walmart is not doing Sears in, Sears is doing Sears in.

Ratty stores, high prices, indifferent sales staff, annoying upsells. Great place to shop.

What they really need to do is send the board of directors and management team packing.
 
Quote:
Sears is no different from most other big B&M stores.

Holiday sales, and sales in general would seem to say otherwise.

Eddie Lampert has run Sears/Kmart into the ground. Proof that running a hedge fund doesn't mean one knows how to run a retail business.
 
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