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Sears – Business Updates

This topic contains 176 replies, has 47 voices, and was last updated by  smallerstick 5 hours, 24 minutes ago.

Viewing 20 posts - 41 through 60 (of 177 total)
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  • #233146

    Way back Sears had a subsidiary to develop the malls it went into and it’s stores called Homart Development. In 1995 it sold Homart to General Growth properties for a little south of 2 bill. Along with that went most of their real estate holdings.

    Kmart always leased their properties and did control a lot of them through long term leases. I think they sold out their interests in most of the good ones several years ago. I would suspect that Eddie Lampert has done the same with the sears real estate.

    Very interesting! So then maybe they really aren’t that well then…

    Andrew

    A Working Pro since 1995!

    Member since March 26, 2014.

    #233150

    Rob
    Pro
    Birmingham, Alabama

    I heard that Sears spun off the Craftsman tool division as a separate corporation so that if something happened to the big store, it would still exist.

    #233210

    utopia78
    Pro
    Toronto, ON

    I heard that Sears spun off the Craftsman tool division as a separate corporation so that if something happened to the big store, it would still exist.

    It would be interesting if the Craftsman did stay around since Sears bought the name in 1927 from Marion-Craftsman Tool Company for $500. That’s a long time of customers.

    A Working Pro since 2004

    #233238

    jponto07
    Moderator
    Bloomington, IN

    I heard that Sears spun off the Craftsman tool division as a separate corporation so that if something happened to the big store, it would still exist.

    Do you happen to know when this occurred?

    It seems like somewhere I’m the late 80s or early 90s their tools switched from “Sears/Craftsman” to just Craftsman.

    Also, it seems as if the quality starred to decline around this time too.

    Jon P.
    Timber Carpentry & Construction
    https://www.facebook.com/timbercarpentry/
    Instagram

    #233253

    wheelie
    Pro

    When the Sears closed here I got a half off deal on a band saw, table saw,sander, and a drill press. that was 12 years ago and there still working fine.

    #233255

    jstare
    Pro
    Langley, BC

    I heard that Sears spun off the Craftsman tool division as a separate corporation so that if something happened to the big store, it would still exist.

    Do you happen to know when this occurred?

    It seems like somewhere I’m the late 80s or early 90s their tools switched from “Sears/Craftsman” to just Craftsman.

    Also, it seems as if the quality starred to decline around this time too.

    That would likely be because everything started being made overseas around that time. It started to get too expensive to make tools in the USA and still make a profit and this was the start of their downfall in quality.

    #233257

    Hate to lose the jobs in this area.

    #233274

    davper
    Pro

    I am afraid this will be the case for all brick and morter chain stores with the exception of clothing. And I am part of the cause. I go to the store to get a close inspection. Then look online for the best price.

    Another cause is that everything is made to be disposable. Remember the Maytag repairman. Sears makes quality products and supports them by providing parts and repair services. A feature that does not appear to be worth the cost anymore by most people.

    Another edge they lost is in their hand tools. When I was younger, unless you were a mechanic buying Matco or Snap-on, you bought warranteed for life tools at Sears. Now you can get that same warranty from HD and Lowes. Sears is just an after throught now.

    I am not a pro. But I play one at home.

    I am just here for l-boxx porn.

    #233873

    jstare
    Pro
    Langley, BC

    I am afraid this will be the case for all brick and morter chain stores with the exception of clothing. And I am part of the cause. I go to the store to get a close inspection. Then look online for the best price.

    Another cause is that everything is made to be disposable. Remember the Maytag repairman. Sears makes quality products and supports them by providing parts and repair services. A feature that does not appear to be worth the cost anymore by most people.

    Another edge they lost is in their hand tools. When I was younger, unless you were a mechanic buying Matco or Snap-on, you bought warranteed for life tools at Sears. Now you can get that same warranty from HD and Lowes. Sears is just an after throught now.

    I think that is something everyone does these days, we just use the stores for a close up look at things and then buy elsewhere. I don’t think that all chain stores will fall to this problem though, stores that cater to a specific thing will survive because that is what people want. They no longer want the all in one store that has everything but specializes in nothing especially with high prices. Chain stores like Walmart, Target and Costco are thriving because they offer prices that compete with anything that can be bought online, if not beat them.

    #233904

    jponto07
    Moderator
    Bloomington, IN

    I would much prefer to buy an item locally for a buck or two more than wait in something to be shipped. I can be impatient, and waiting for something I know is coming is excruciating. I routinely check tracting info for updates…it’s ridiculious.

    Jon P.
    Timber Carpentry & Construction
    https://www.facebook.com/timbercarpentry/
    Instagram

    #233909

    jstare
    Pro
    Langley, BC

    I would much prefer to buy an item locally for a buck or two more than wait in something to be shipped. I can be impatient, and waiting for something I know is coming is excruciating. I routinely check tracting info for updates…it’s ridiculious.

    I know that feeling, it is hard to wait for something to show up especially when you need it for something.

    #233926

    utopia78
    Pro
    Toronto, ON

    The only time I may go to Sears may to be buy some Cologne for myself. I can’t really think of any other reason I would shop there.

    A Working Pro since 2004

    #233928

    jponto07
    Moderator
    Bloomington, IN

    I would much prefer to buy an item locally for a buck or two more than wait in something to be shipped. I can be impatient, and waiting for something I know is coming is excruciating. I routinely check tracting info for updates…it’s ridiculious.

    I know that feeling, it is hard to wait for something to show up especially when you need it for something.

    It’s usually just something I want, but vaguely need…

    Jon P.
    Timber Carpentry & Construction
    https://www.facebook.com/timbercarpentry/
    Instagram

    #233930

    jponto07
    Moderator
    Bloomington, IN

    The only time I may go to Sears may to be buy some Cologne for myself. I can’t really think of any other reason I would shop there.

    I don’t think I’ve ever bought Anything from Sears outside of the tool department. The only stores around me are seriously dated and honestly aren’t enjoyable so shop in.

    Jon P.
    Timber Carpentry & Construction
    https://www.facebook.com/timbercarpentry/
    Instagram

    #233931

    jstare
    Pro
    Langley, BC

    The only time I may go to Sears may to be buy some Cologne for myself. I can’t really think of any other reason I would shop there.

    I don’t think I’ve ever bought Anything from Sears outside of the tool department. The only stores around me are seriously dated and honestly aren’t enjoyable so shop in.

    Most of the ones I have been in are the same, dated and not very nice to be in.

    #610702

    hojo04
    Pro
    Burton, Michigan

    I heard that Sears spun off the Craftsman tool division as a separate corporation so that if something happened to the big store, it would still exist.

    I had heard that Stanley brand was interested or in the process of buying the craftsman brand.

    #610710

    I had heard that Stanley brand was interested or in the process of buying the craftsman brand.

    Stanley did buy Craftsman and Sears will continue to sell the tools.

    #610721

    hojo04
    Pro
    Burton, Michigan

    Thanks for clarifying that PI

    #610736

    I had heard that Stanley brand was interested or in the process of buying the craftsman brand.

    Stanley did buy Craftsman and Sears will continue to sell the tools.

    Yup, and the only thing is that Sears won’t have to pay the royalty on Craftsman sold at Sears – part of the sale price

    #610742

    Doobie
    Pro
    Ajax, ON

    Really! Sears is still around? 😮

    Kevin.

    Wannabee pro.

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