Sears/kmart is an iconic brand. By having less stores and focusing more on ecommerace there is hope! Don’t count the company out just yet!
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Iconic? Maybe before the 80s. Ask any millennial and younger, and you’ll get a puzzled look. Who shops there anymore?
Why not... They decided to count my 54/55-year old store out. What reason do I have to care anymore.
I won't even apply to the Kmart in the area or the other Sears to the north, seeing as how I'm tired of losing jobs to companies trying to die and they'll just close at some point sooner or later.
Wow your a special kinda stupid aren't you?!
It cost SHC $1.19 to sell $1.00 worth of goods.
Pass the bong please
If Kmart can't keep solo party cups and paper plates on the shelves in a college town, or potato chips, then that is an indicator it shouldn't even be in business to start with.
expenses are 30X revenue. Which means that they need to make 30x more money just to pay the bills. With store closings the revenue is reduced to pay those cost, which are fixed cost for the most part.
Closing stores also means that those people who used to shop at Sears/Kmart will not go to another Sears/Kmart that is hours away.
Compound that with the customers who have left due to experience,or who have never been into a Sears/Kmart and you are in trouble. I havent been into a Sears/Kmart in 15 years and my kids have never been into a Sears in their lives.
And if you close stores then the stores that pulled, packed and shipped your online orders are gone. You also need product to sell on line and vendors are abandoning SHC in droves. You can fight all you want but it is probably over.
"Sears/kmart is an iconic brand." - Not really, not nowadays. It has become more of a joke.
"By having less stores and focusing more on e-commerce there is hope!" - Less stores means they will make LESS profit in the long run, seems people don't get that. And what can e-commerce do to keep this company alive?! Honestly they'll just sell SYW Rewards to another company just like everything else.
"Don’t count the company out just yet!" - Oh I've count them out a long time ago and they offer no real positive proof that they will turn things around. Though I hope no matter what happens I'm out of this hellhole this year so then I won't give a sh-- either way.
It's never too late. It is just a matter of how many stores to keep open etc. There is always something that can be done....it's whether or not Eddie still wants to invest in us.
Shut your face
Delusional
It's too late, the company has too much debt that keeps growing by the day. And e-commerce doesn't do much good if 1) the selection is bad and 2)The Sears/kmart website needs a complete overhaul.