If things are as bad as people say why is sears still remodeling some stores? I think sears is putting more effort in renovating the look of some of their stores?
Maybe at last minute those are the few store that might stay open???
Maybe in a few years there will only be 100 or more store left that actually make profit.
Is it worth it??
I agree the display managers were all the best in the business.
When the competition passed Sears by in the 90s with an open floor plan and warehouse look with lower prices , someone should have realized that a 1960 business model should have been dumped. But the band played on .
They remodel to either lease the store to another retailer for more money, fix it up to sell it or to downsize the existing store and rent/lease the remaining space to another retailer or to fulfill the lease obligation to close down the property and return it to original (as close as possible) condition.
Our store was remodeled four months before we were liquidated. today it is a Marshalls a grocery store a real estate office and a sporting goods store.
King of Prussia was the first "downsized" Sears store. After a year of remodeling, giving the second level to d---s Sporting Goods, etc. The remaining Sears space was given up after 2 months to a better paying tenant.
If you think there will ever be a chain of 100 profitable stores, there won't. It's a real estate holding company, NOT a retailer.
As for the commenter whose snide comment about "ex display managers that bled the company dry" were some of the best in the industry. May you be fired and homeless soon. Cheers!
Our store remodeling was paid for by the mall. As the store shrank to one level.
Must be still littered with ex display managers that bled the company dry in the first place. Total power struggle that they "won"
Shifting dirty broken tandem around and painting a few walls isn't a remodel. Its a joke.
Hey, come see what we did !
the remodels happen when the shrink the store dramatically in size
Kinda like the diehard service centers. Either some exec is playing the boss or the boss is playing market perceptions
Lipstick on a pig. These remodels are worthless to the next user who will have to gut and do major infrastructure upgrades to reuse the few that aren't total teardowns.
Carsons was remodeling their corporate offices in Milwaukee right up to the end.
Dont forget they are using money they dont have to do it and they know they wont have to pay for it when they go bankrupt. Its like maxing out you credit cards when you know you have stage 4 cancer
Well ask yourself this question, why do people remodel their houses? Because they want to help with the resale value of the house when they put it up on the market. Same thing applies here.
@USOBgP7 you still believe in Santa and the Easter Bunny dont you