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Oh Sears, please don't die

#41
buldog5151bass said:
Guys, look it up. The intent was never to save the company. This is what the guy does.
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Not disputing that. Management is responsible to shareholders and debt holders. The bankruptcy court seeks to find the most beneficial path. If it’s best — meaning most lucrative — to close the business, then that’s what will happen. But the court protects the interests of all involved parties. So, in this case, if the bonuses are not in the best interest of shareholders and debt holders, then they will not be allowed by the court. Employees are usually not considered except as debt holders through their pension fund. For wage earners, it sucks.
 
#42
Silvertone guitar.jpg

My first guitar and amplifier was given to me for Christmas in 1965. Cost $70 at Sears. I thought it was the most uncool looking guitar ever and sold it within months. Now these beasts are considered 'vintage' and command stupid prices.
 
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#43
Stevorebob said:
Not disputing that. Management is responsible to shareholders and debt holders. The bankruptcy court seeks to find the most beneficial path. If it’s best — meaning most lucrative — to close the business, then that’s what will happen. But the court protects the interests of all involved parties. So, in this case, if the bonuses are not in the best interest of shareholders and debt holders, then they will not be allowed by the court. Employees are usually not considered except as debt holders through their pension fund. For wage earners, it sucks.
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Agreed. But lots of people think they have been trying to save the company without success. The CEO may talk a good game, but he has no interest in it. The final thing to go will be the real estate.
 
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#44
buldog5151bass said:
Agreed. But lots of people think they have been trying to save the company without success. The CEO may talk a good game, but he has no interest in it. The final thing to go will be the real estate.
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Agreed. I don’t believe Sears is saveable. The objective now appears to be to maximize value as the business is shuttered.
 
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#45
I will miss Sear's service contracts. I had a microwave die and it was repaired by Sears because it was on a warranty contract, likewise an LED flat screen TV that couldn't be repaired so they wrote me a check so I could purchase another set. I have a Kenmore washer and dryer purchased new in 2014 and under warranty but I don't know how that will work if/when they go bye bye.
 
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#48
Alkali Ike said:
Most if not all Kenmore major appliances were made under contract by companies like Whirlpool, Frigidaire, and LG. There is no “Kenmore factory”.

Ask the Experts: Who makes Kenmore?
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True but at least here, Sears fully backed everything and if i had a problem they arranged for a quick service call. Now around here if you go back to where you bought it, they will tell you to take it up with the manufacturer. There was a noticeable difference in service with Sears
 
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#49
Up here in Canada they are already gone and deserve to be so. Whenever we needed anything we would go to Sears first and generally find what we were looking for. Then through an oversight we had a positive credit balance of more that $400 on our Sears card. A short while later we received a letter from Sears stating that credit balances were too expensive for the company to maintain and the balance was set to zero. We lost the money. We never shopped there again!
 
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#50
Marikk said:
True but at least here, Sears fully backed everything and if i had a problem they arranged for a quick service call. Now around here if you go back to where you bought it, they will tell you to take it up with the manufacturer. There was a noticeable difference in service with Sears
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I didn’t mean any negative implications about the Kenmore brand. In fact it’s always been kind of a positive to me. :)

Also agree on the service.
 
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#52
This company that was cutting edge when it started and had a long life of success, didn't embrace the Internet for years.
This is a company that sold guitars, amps and other musical equipment for at least 8 or 9 years in the 1960's.
In the early 20th century buggy whip makers slowly lost their market share and eventually bankrupt when cars took over as the most used mode of transportation. They should have started manufacturing tires or radiators or seat replacements.

Sears hung on to the slowly declining market share they had and did a "Johnny come lately" move to the Internet.
I have fond memories of spending half a day wondering through the Sears and Roebucks store as a kid.
 
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#54
In 1983 I bought a microwave from Sears. It was on the expensive side at the time but lasted 30+ years. I bought a replacement at Sears, it lasted less than 1.

I want the old Sears back. Today's Sears, I have no use for and don't really care if it goes away. I can't imagine shopping there ever again.
 
#55
[Invalid or Expired Link Removed]

Sears, the 125-year-old icon , has 24 hours to survive.

The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments . ESL is the only party offering to buy Sears as a whole, people familiar with the situation tell CNBC. Without that bid or another like it, liquidators will break the company up into pieces.

But as Lampert stares down a deadline of Dec. 28 to submit his offer, he is quickly running out of time. As of Thursday afternoon, Lampert had neither submitted his bid, nor rounded up financing, the people familiar said.
 
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#57
I bought my first guitar from Sears in 1978, a Strat copy that served me well. It was a great well made guitar that launched me on this musical life. Decades later my wife bought me a Kitchenaid mixer, I wanted the bigger model. I returned it to Sears to get the bigger one, wasn't in stock, they ordered it. Months went by and no mixer ever arrived. Meanwhile Sam's Club had pallets of them for less. I made Sears return my money, which they were not wanting to do at all.
It's a shame they just didn't keep up with the times.
I did read several articles about Eddie Lampert and how he's been running things. Some real dirty pool going on, all to make him a very rich man.
 
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#58
seilerbird said:
View attachment 3218715
My first guitar and amplifier was given to me for Christmas in 1965. Cost $70 at Sears. I thought it was the most uncool looking guitar ever and sold it within months. Now these beasts are considered 'vintage' and command stupid prices.
Click to expand...
There is a seller at a local guitar show that shows up with one every year for 4 or 5 years now.
Same one.
Maybe it's because the price he is asking is "stupid"?
 
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#59
zontar said:
There is a seller at a local guitar show that shows up with one every year for 4 or 5 years now.
Same one.
Maybe it's because the price he is asking is "stupid"?
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Seen one the other day they were wanting $500 for,crazy. In grade school a nun had one she played in church. I ran into her at a reunion, she told me she gave it away.
The 2 pickup models are the ones that really bring the money, not as many were made
 
#60
Alkali Ike said:
[Invalid or Expired Link Removed]

Sears, the 125-year-old icon , has 24 hours to survive.

The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments . ESL is the only party offering to buy Sears as a whole, people familiar with the situation tell CNBC. Without that bid or another like it, liquidators will break the company up into pieces.

But as Lampert stares down a deadline of Dec. 28 to submit his offer, he is quickly running out of time. As of Thursday afternoon, Lampert had neither submitted his bid, nor rounded up financing, the people familiar said.
Click to expand...


Holy Doodle!

My wife got me two shirts from Sears for Christmas. Been meaning to return them. I better do it soon...if I still can !
 

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