By Bill McGuire

Dec 27, 2011 7:12am

Sears Will Close 120 Stores as Sales Fall

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Daniel Acker/Bloomberg/Getty Images

Sears Holdings Corp. said Tuesday it will close 100 to 120 of its full-line Sears and Kmart stores as it struggles to attract shoppers.  Sales for the fourth quarter are off a disappointing 5.2 percent compared with last year.

“Given our performance and the difficult economic environment, especially for big-ticket items, we intend to implement a series of actions to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model. These actions will better enable us to focus our investments on serving our customers and members through integrated retail – at the store, online and in the home,” said Chief Executive Officer Lou D’Ambrosio in a statement.

Sears shares, which were down 38 percent this year before today, fell 18 percent to $37.65 at 9:42 a.m. in New York.

The company will take a fourth quarter tax-related non-cash charge of $1.6 billion to $1.8 billion.

According to the statement, the all-important fourth quarter is shaping up to be a poor one. Sales at its Kmart stores fell 4.4 percent and Sears domestic stores fell 6 percent for a total decline among all its stores of 5.2 percent, the Hoffman Estates, Ill.-based company said.

Sears is increasingly failing to keep pace since its merger with Kmart in 2005. While Sears’ sales declined, overall, US holiday sales will rise 3.8 percent this year, compared with a 5.2 percent advance last year, according to the National Retail Federation.

“Kmart’s quarter-to-date comparable store sales decline reflects decreases in the consumer electronics and apparel categories and lower layaway sales.  Sears Domestic’s quarter-to-date sales decline was primarily driven by the consumer electronics and home appliance categories, with more than half of the decline in Sears Domestic occurring in consumer electronics.  Sears apparel sales were flat and Lands’ End in Sears stores was up mid-single digits,” the company said.

Sears said its earnings excluding certain items would be $933 million in the fourth quarter — half its level of last year.

The company has about 4,000 full-line and specialty stores. It hasn’t yet identified which stores will close.

 

 

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User Comments

Don’t blame the high salaries and incompetence of the CEO’s and upper management. Lets just get rid of the little people workers instead. They don’t really need jobs after all.

Posted by: dirwulf | December 27, 2011, 7:45 am 7:45 am

Quit selling Chinese-made items. Sell American products and I’ll come back.

Posted by: Jim | December 27, 2011, 8:13 am 8:13 am

Why is it incompetence of CEO’s and upper management if people don’t have the money to spend at Sears or K Mart??? In case you didn’t notice it’s rough out there and competition is stiff…especially when you are going against Wal Mart, who can afford to sell their Chinese products at a lower price (just sayin)

Posted by: samhiguchi | December 27, 2011, 8:19 am 8:19 am

Our Sears store is terrible – run down looking, the women’s clothes are so cheap looking they look like they could be second-hand. Even the photography studio is awful; using bed sheets as back drops. The only department that looks halfway decent is the tool/lawn and garden area.

Posted by: Denese | December 27, 2011, 8:26 am 8:26 am

So you can’t comment on the truth anymore. Does Sears own you ABC?

Posted by: Jo in Minneapolis | December 27, 2011, 8:42 am 8:42 am

China appreciates all the money Americans handed over to them this Christmas, It helps fund Communism!

Posted by: blind spot | December 27, 2011, 8:42 am 8:42 am

The Sears store near us has employees who are everything but helpful..When I most recently asked for help I was confronted with indifference and information which was not correct. I had to go online and on the phone to get the facts. Needless to say, I won’t shop at my Sears store in the future. It is too bad that Sears will close stores because for those people who care about doing their job, a closing will mean their job and jobs are already in short supply.

Posted by: Mungam44 | December 27, 2011, 9:11 am 9:11 am

All you have to do is shop at Sears to see this company is on the way out. I visited numerous locations looking for a band saw. They all have the same floor model, which looks like it’s been there for years, but none in stock. No sales people know when they’ll get something new. You can’t find it online either. It’s just one item but it sits on the floor for over a year without updating – how much more in the store is like that? Sears and the big box home improvement stores all have crappy foreign made tools now. I’ll be driving several hundred miles to get what I want from an American company but should I have to try that hard?

Posted by: jed | December 27, 2011, 9:11 am 9:11 am

kmart and sears have junk items and do a horrible job marketing their items that they do have,the head honchos need to be fired and a whole new marketing plan needs to be put into place as well as a overhaul on items especially the style and quality of their clothes, they are still stuck in the 80s, meanwhile target and walmart are crushing them with their products and marketing of their products, sears and kmart stores around the chicagoland area looks rundown and outta touch, their whole look even their sign looks old and depressing , they need a fresh new look.

Posted by: mike | December 27, 2011, 9:15 am 9:15 am

Sears used to have great service departments. Wow, is that a bygone era.

Posted by: Cher | December 27, 2011, 9:33 am 9:33 am

There was a time when Sears was a respectable retailer. In many ways Sears has lowered the quality of their merchandise to the level of Wal-mart. Example: We were looking for a treadmill. We checked Wal-mart and found it to be substandard. We went to Sears in K-W, Ontario and found the treadmills of top standard. The service of the employees was efficient and friendly. I hat to say this, but when it comes to cleanliness in the stores, the quality of employees there is a difference between the US and Canada. Unfortunately neither country produces anything locally anymore.

Posted by: Walter Weidner | December 27, 2011, 9:41 am 9:41 am

It’s not surprising that Sears AND Kmart are not selling goods like their competition, here in Raleigh North Carolina they have stopped advertising in the local newspaper, we get home delivery and Sears and Kmart rarely have a advertising circular in the newspaper-even at holiday time. But yet if you get the same newspaper at a local store there will usually be a circular inside it for Sears and Kmart- go figure that logic…….. Either Sears/Kmart is too cheap to spend money to put circulars in the home delivery papers or the N&O is shafting Sears/Kmart in advertising charges.

Posted by: homer | December 27, 2011, 9:58 am 9:58 am

Sears has been going down for years. I will never buy a major appliance from Sears again. The oven went out after 1 year (just after the warrantee expired), the refrigerator compressor went out just before the warrantee expired), the washer finally gave up all together (we bought a new one from Loews). The only appliances still working after 5 years is the dryer and the dishwasher (we bought the best one they had so maybe that had something to do with it). I’ll still cruise on through the Craftsman tool department if I’m there at the mall, but I won’t make any special trip to Sears. In other words, I’m not too surprised at this turn of events.

Posted by: newcountryman | December 27, 2011, 10:10 am 10:10 am

Sears and Kmart are suffering from the same fate as their now-defunct predecessors like Woolworth’s, Newberry’s, etc. Many of their stores are old and run down. They can’t compete on pricing with Walmart and Target, so a lot of people just aren’t shopping there. People need a reason to walk into your store, and you can’t survive on just Craftsman tool sales. As for those saying ‘stop selling Chinese products and only sell American”, well, the stores would be 3/4 empty. There just aren’t enough U.S. manufacturers thanks to Congress (and that’s BOTH sides of the ‘great divide’).

Posted by: Bob | December 27, 2011, 10:10 am 10:10 am

Anyone over thirty has fond memories of a Sears that had high standards, knowledgeable sales staff who dressed appropriately, and products that one could depend upon. The last time I was in a Sears store that USED to be great, it reminded me of a very bad Kmart. The sales people were mostly inappropriately dressed KIDS who had no interest in even being there. The displays were sloppy and NOTHING like they used to be. Except for the tools and appliances section, I would not have known I was in a Sears. Kmart brought Sears down to its level or lower and their management should be FIRED for destroying what had been a great company!

Posted by: Ron | December 27, 2011, 10:13 am 10:13 am

Very poor management with short term solutions and no long term goals….no doubt.

Posted by: newcountryman | December 27, 2011, 10:22 am 10:22 am

Blame Edward Lampert for the Reason Sears and Kmart has failed.

Posted by: Brandon from Michigan | December 27, 2011, 10:23 am 10:23 am

I rarely shop at Sears, unless I need an emergency replacement for something and cannot wait. Just this month my washing machine crapped out and I got online to search for a new one. Sears had the highest prices of all the sites I checked plus a sizable delivery fee.

I eventually went with Lowes (before the bigoted advertising move) I got my washing machine almost $100 cheaper than the same model at Sears and free delivery. Since I live almost 100 miles away that was a real plus.

Its not all about the price, it is also about the service. While my local Sears is very helpful and the staff professional, those are not THE most important aspects of today’s shopping experience. When it comes down to it, if you really want my business you must be willing to offer me something better than the next guy. I can’t afford brand loyalty any longer.

Posted by: KatS | December 27, 2011, 10:28 am 10:28 am

KATS (10:28 AM); “I eventually went with Lowes (before the bigoted advertising move) I got my washing machine almost $100 cheaper than the same model at Sears and free delivery.” Exactly my experience. Amazing, huh?

Posted by: newcountryman | December 27, 2011, 10:49 am 10:49 am

Actually, I saved $100 over Home Depot and free delivery. A comparable model at Sears was more like $170 more. I don’t know how they’ll turn this around.

Posted by: newcountryman | December 27, 2011, 10:50 am 10:50 am

hey mister CEO: read these comments!

Posted by: jonny rocket | December 27, 2011, 11:26 am 11:26 am

I love Sears here in Tucson, AZ. We check out other local stores and compare, but for big items, Sears has the best quality. We bought a top of the line mattress, fridge and washer from them–and we coudn’t be happier. The salespeople were professional, friendly and considerate. The delivery people were equally as professional and helpful. Sears gets my business. I just hope they can stay afloat.

Posted by: Roscoe Chait | December 27, 2011, 11:35 am 11:35 am

Frankly, I’m not surprised. Sears customer services is horrifying. Instead of spending their budget on executive salaries, they could have spent it on how to actually deliver great customer service. Employees have low morale and clearly go out of their way to do the least amount of work, including long lines at registers. Plus, you haven’t lived until you have to deal with their phone customer service support. That is truly horrific.

Posted by: KmaImprov | December 27, 2011, 11:40 am 11:40 am

No surprise hearing that news. My local Kmart in a Los Angeles suburb is such an eye sore…the parking lot couldn’t be more filthy and the store is dirty…you feel more like you’re shopping in Mexico than in the US. It’s a shopping experience that makes you feel like you’re in a third world country. So, no surprise at all that Kmart is closing hundreds of stores. As usual, the Sears merger was a waste of time and money except for the merger lawyers…

Posted by: RalphF | December 27, 2011, 11:54 am 11:54 am

I have had nothing but pleasant experiences with a Sears in Virginia. I have bought multiple riding mowers, weed eaters, tools galore, dishwashers, ovens,washer and dryers….etc. My last Kenmore washer and dryer from Sears lasted 22 years and was still running but we upgraded about 4 years ago and not one problem. I just replaced our Kenmore refrigerator after 19 years and it also was still running.

Posted by: william | December 27, 2011, 12:10 pm 12:10 pm

I was a loyal Sears customer for years until they sold me a faulty product and refused to make it right. I talked to everyone from the store manager to the district manager to the Corporate office and no one was willing to help. So….I have not shopped at Sears since. They wouldn’t make things right for a long standing customer yet they can give away tens of thousands of dollars in free merchandise to Extreme Home Makeover. The item I bought was $150.00. I hope it is worth it to them for the thousands of dollars I will now spend elsewhere. Serves them right if they go under.

Posted by: Mapster8096 | December 27, 2011, 12:12 pm 12:12 pm

I work at Sears, and I see the pain everyday of the customers that do try to purchase items. I wish the head honchos would just purchase something at a register and see how many questions cashiers are required to ask, and how very few we have. The registers are woefully slow and were new in the 70′s. I can’t tell you how many times a day they just crash for no reason. We do have ihelds though.

Posted by: jason damato | December 27, 2011, 12:38 pm 12:38 pm

I am a current employee of sears, I started out as a cashier and worked my way into fitness sales. I have worked at two different sears in two different cities. Sears protocol and procedures have greatly affected the customer satisfaction and willingness to shop. As a cashier we take the brunt of customers dissatisfaction, often hearing complaints of “long lines, disgruntled sales people, poor product condition”. It is tough to work as a cashier when receiving derogatory comments from customers and presser from corporate to meet or credit/rewards metrics. Our registers are outdated, slow, and often freeze; this inhibits us to help each customer in a timely manner. Cashiers are required to ask too many questions and if we miss a question we will be written up. Here is what we are required to say “will you be using your sears card today/ do you have an account?” if they say no.. we must say “if you open an account you will save 15/10 dollars today”.. after asking about credit we have to promote the sears rewards clubs “shop your way rewards/ craftsmen club”.. depending on the item we may have to offer a protection agreement aka PA/SPP..If the customer doesn’t want any of these offers we must overcome objective and pressure the customer into applying/ joining/ or agreeing. Most customers want a pleasant, fast, and knowledgeable checkout process; this is difficult to do when we are being threaten to lose our jobs if we do not meet our metrics hence the unpleasant customer service representatives. The employee turnover rate is incredibly high, and that is understandable due to insane corporate percentage requirements. New employees start out on a computer where they complete online training that is irrelevant and uninformative, then they are put out on the register with another employee (not a manager) (often it is an un-experienced person training another) unfortunately, the sears training should be called “trial and error” that is how we learn, we do not learn anything until we screw up and get in trouble. Perhaps if the Roebuck Co would listen to its employees and customers, they will be successful once again. Update the registers and ringing procedure, invest in quality products, and properly train employees and provide incentives for meeting their goals.

Posted by: Sunshine | December 27, 2011, 12:47 pm 12:47 pm

At least this did not happen under my watch. ho.. ho.. ho.. – Bush

Posted by: Bush | December 27, 2011, 12:47 pm 12:47 pm

“No Surprise at all the last time I was in a Sears or Kmart Store was back in 2005. I drive pass Kmart each day and it’s only about 5-7 cars in the parking lot and 3 of those vehicles belong to employees.”

Posted by: Brandon From Michigan | December 27, 2011, 12:47 pm 12:47 pm

My Sears is the west end anchor of our local mall. It says Sears on the door but the last time I went there it was K-Mart in stock and display. The east end anchor is Penney’s and it was not much better. In the middle is Macy’s where you can’t afford to even look. Sears was there before the mall was built, and it seems like as Sears goes, so goes the mall. Outdated display yes. The staff does their best.

Posted by: MsWormwood | December 27, 2011, 1:11 pm 1:11 pm

At some point Sears stopped being the American gold standard for quality, and became a cheap China outlet. I’ve heard many stories from guys I’ve had do work on my property about how the tools from Sears are now junk. AND they don’t guarantee them like they used to (probably for obvious reasons).
It’s disgusting. What happened to Sears. To AMERICA????

Posted by: Sirena | December 27, 2011, 1:17 pm 1:17 pm

I agree with most of the comments posted. There is a Kmart store not far from where I work. It’s old and dingy, and stuck in a time warp. It looks just like it did back in 1992, when I worked part time at another Kmart location. The prices of the products are poorly marked, and located on the shelves, and as for the toy dept, you can’t locate what you want, everything is scattered about and forget about figuring out what the prices are. They have failed to keep up with the times. Sears…no comment… I think it’s time to clean house at the corporate level…they are stale and stagnant also.

Posted by: Thoughtyouknew | December 27, 2011, 1:26 pm 1:26 pm

This is where the natural selection of the market comes into play. Management has run this company into the ground for quick corporate profit at the top. We have been to our local Sears in Silverdale Washington three times giving them the oportunity to sell us a home theater system only to be met with NO CUSTOMER SERVICE! They have very few employees, they don’t train the employees they do have and they will totally ignore customers if you are not in the major appliance section. If you are not there to buy the most expensive product in the store, you are not important. The store in run down it seems the management is non-existent.

Posted by: dan | December 27, 2011, 1:42 pm 1:42 pm

Sears used to be “THE” place for appliances and tools. Kenmore and Craftsman were built to last and competed easily with other brands. Clothes were kind of clunky, but reasonably priced and made well. And remember the Christmas Wish Book? That was our family’s Christmas go-to for those coveted toys and games.

The last time I shopped at Sears, the clothing had improved and the selection was much better. However, we had a nightmare situation trying to order a water heater online from sears.com when ours had failed. We had paid a fortune for expedited delivery as we had no suitable vehicle for picking on up at Sears. In addition, the nearest store with the item (allegedly) in stock was 90 miles away. Long story, short version, the water heater we had selected was not in stock (nowhere was this indicated on the website) and no ETA of when more would be arriving. We had to open a dispute with our credit card company when Sears “customer service” (I use that term loosely) informed me there was no way to cancel our order and credit us immediately for the purchase. We would have to wait for delivery, then refuse it, according to Sears’ CSR. Thank goodness we had used a credit card for the purchase or we’d probably still be waiting on a refund.

And KMart…KMart allowed every store manager to run it the way they saw fit and some of them had absolutely no concept of customer service. A very nice older cashier who made small talk with her customers while waiting on them was suddenly silent when we went through her line. I asked her if she was ok and she nodded. Then very quietly, she said, “I was told I couldn’t talk to my customers anymore.” Her conversations were in no way holding up the lines or her work, she was simply being pleasant. Wal-Mart came in, heavily emphasized friendliness and customer service and before long, KMart was just a memory.

I have read of similar experiences people have had posted all over the web and that might give people an idea of why people are shopping elsewhere, although the state of retail in the US sucks for the most part.

Posted by: Carolina | December 27, 2011, 2:05 pm 2:05 pm

I have not stepped foot in a Sears since I worked for them for the holidays in 2009 because of the way they treat the employees and how that impacted customer service; no training, cut support hours, pushing credit as a measure of employable value which rewarded horrible permanent employees. That Sears got in bed with the Kardashian’s says a lot.

Posted by: Cathy | December 27, 2011, 2:18 pm 2:18 pm

K-Mart is where I buy all my things, but my kids go elsewhere, I guess it’s a generational thing?

Posted by: lorenzo | December 27, 2011, 4:06 pm 4:06 pm

I went to a Kmart in Lake Mary FL last week for some Xmas shopping at 3PM. There was ONE cashier open! The other employess looked to be standing around and doing little else. Customers were actually putting down purchases and leaving the store. Sears/Kmart management – are you reading this – this is your problem.

Posted by: arries289 | December 27, 2011, 5:03 pm 5:03 pm

Management couldn’t be more stupid. They have a rewards system and a card that you scan (as you all know) but they are adding more and more BS on that little machine you swipe your payment card on that does nothing but hold up the line. Do you have an email? and God forbid if the person in front of YOU says yes i do and takes 5 mins to enter it into the system. Then the customer asks the cashier how many points to I have? More time to hold up the line. The cashier punches in 500,000 key strokes and then finally says 50 points. Then the customer says how do I check that myself online? Another 5 mins that takes and again the line is held up. More and more crap questions are being added to the checkout process because the MORONS at corporate think they know best and force this BS onto not only the customers but the cashiers. Here’s a hint Mr. CEO: I stopped coming back to Kmart because I don’t have hours to spend in a line to check out. You’re a moron and an idiot…!!!

Posted by: RalphF | December 27, 2011, 5:17 pm 5:17 pm

At least the Communist Chinese regime is losing a couple more sources of income!

Posted by: blind spot | December 27, 2011, 5:41 pm 5:41 pm

I hope the CEO wrote himself a big paycheck!

Posted by: bob | December 27, 2011, 5:43 pm 5:43 pm

The K-Mart in our area (with a Sears right next door) is run-down, sloppily stocked and the employees (when you can find one) seem disinterested and ill-trained (likely prety poorly paid).

It looks more like a dollar store every day, and the parking lot is virtually empty at all times.

I grew up shopping at both K-Mart and Sears, and K-Mart used to be on a par with Target or Wal-Mart. No more. It is obvious that MANAGEMENT/OWNERSHIP has simply not bothered to invest in the physical properties or employees or company as a whole over the years, leading to the downfall.
The whole mood seems to be “we don’t care”.

So now they are closing down ANOTHER round of stores (remember several years ago when they closed down most of them?) and eliminating MORE workers and consolidating the profits so the top brass and investors can get theirs as the company is run the rest of the way into the ground.

That is one problem with the system; businesses/companies are seen not as job-creating, community-serving enterprises but as vehicles for the few to extract profit from at the expense of the company itself and those who work there (exactly like Romney’s experience in the business world).

Posted by: Raven | December 27, 2011, 6:23 pm 6:23 pm

From personal experience, the sales are down due to the lack of CUSTOMER SERVICE provided. We had one of the worst experiences at Sears just a few weeks ago. The employees that we dealt with were rude, uninformed, arrogant, and down-right stupid! And it wasn’t just one person….it was 2 different departments! We will NEVER buy from Sears again because of this!!!! We used to be loyal customers of Sears, but NO MORE!

Posted by: Rhonda | December 27, 2011, 7:00 pm 7:00 pm

I was looking online at Sears and I found the tools to be twice as much as Home Depot and other items were more expensive. If they want to stay in business then they need to compete with the other companies, because they are not the best as they used to be years ago, quality also. Seems we can only afford items at Sears now when they have a drastic decrease in prices, which they don’t often have around here anyway. Why pay more and drive longer distances when you can buy closer to home. It is a shame that they have let quality and prices change so drastically. I can remember growing up and always heading out to a Sears store with the family, but not anymore. It is sad.

Posted by: Pat | December 27, 2011, 7:03 pm 7:03 pm

I quit going anywhere near a K-Mart years ago because I should not have to hop over all the disposable daipers abandoned in the parking lot.

Posted by: dailyrealist | December 27, 2011, 7:16 pm 7:16 pm

It’s Bush’s fault!

Posted by: s | December 27, 2011, 7:52 pm 7:52 pm

I can see why Sears is closing, but it’s a shame because they were a reputable dealer many years ago with quality merchandise. That’s when they were Sears & Roebuck. They used to deliver and install a major kitchen appliance at low cost and take away the old appliance, but now you have to pay a contract laborer through Sears as much as $150.00 to install it.

I bought a Kenmore stove, which works fine, but if you want all the stove reflectors to fit all the burners you have to order them through Sears for about $35.00. Otherwise I have to buy a set at one store to fit the large burners, then go to another store and buy another brand to fit the smaller burners. Ridiculous!

Sears isn’t what they used to be. Clothing and accessories section has a lot to be desired. Cheap junk at way marked-up prices.

Posted by: Debbie | December 27, 2011, 9:08 pm 9:08 pm

It’s too bad that the Sears/Kmart top execs failed to update their stores and business model Such an American icon. I have always been satisfied with their major appliances, like washes/dryers, fridges, exercise equipment, etc. and the Craftsman tools. In my area in Yuma, the sales staff were always helpful. But just last week, there were hardly any cashiers and I decided to walk along with some other customers. Not good for Xmas shopping. Either these morons at the top are going to make changes to meet consumer demand with updated stores and products or they will also go by way of the dinosaur. Just look at what Target did wit their visual imaging, but that is a company I boycott because of their openly anti gay financial support of homophobic politicos, so I don’t shop there.

Posted by: Cathy | December 27, 2011, 9:38 pm 9:38 pm

KMART is a joke, I almost fell over when THEY bought Sears. KMart has 20 cash registers and they never have the majority of them running. They are arrogant and crappy just like Walmart. Sears has been a staple and their reputation was lowered by being bought by the joke KMart. I am not surprised.

Posted by: roseybaxter | December 27, 2011, 11:22 pm 11:22 pm

We don’t want to lose another American Icon. Please sell MADE IN AMERICA products! I have looked everywhere for appliances made in America and I can hardly find them. Couple that with a liberal return policy. I am certain the products made in America will hardly ever be returned…. None of the other retailers seem to be doing this so this could be a great marketing strategy for Sears and the country….

Posted by: Amy | December 27, 2011, 11:38 pm 11:38 pm

Sears is a classic (tweener)
a tweener in the sports world refers to a player who is too big for 1 position ,but to small for another.
Sears is the only Department Store @ the Mall where you can buy a Lawnmower,get the Brakes fixed on your car,and buy a A/c unit and Fridge .
So you want to be a Auto Service Repair shop and a Home Improvemnt Store and fashion Retailer!Not to mention my local Sears also has a Golf Shop
Because you know when i go to the mall im thinking work,good to know i can get a mower ,some LL Cool J aparrel,and take a defensive drivers course
You kow what i do like about Sears?
Its got great mall parking
their lot is always empty
Park at Sears, shop @Macys

Posted by: wacko | December 28, 2011, 1:30 am 1:30 am

Purchased King size mattress from sears only after one energetic Salesman helped us. Wanted to but new kitchen appliances from Sears but salesman just stood around like he had no cares in the world. We spent our 5K at Home Depot. Quality product product is of no value without customer service.

Posted by: Waterford CT | December 28, 2011, 6:28 am 6:28 am

I bought a potato peeler at K-Mart. Martha Stewart brand, Took it home, grabbed a russet potato and the peepler folded in half. K-Mart cannot even make a potato peeler that stands up to a grown-in-Idaho potato. (I got two for the price of one – they both ended up in the trash immediately!) I do not care about their discounts, two-for-one=pricing or Martha Stewart. I just want a peeler that works.

Posted by: Jane Doe | December 28, 2011, 1:40 pm 1:40 pm

The whole deal here is, they need to get out of the dark ages. Just like the politicians in Washington and elsewhere.

Posted by: dashdot | December 30, 2011, 11:27 am 11:27 am

Wal-Mart is killing them. As Wal-mart continue to grow more and more, You will likely see more Sears closings. I would not be suprised to see some Targets bite the dust as well. Just drive buy any Wal-Mart, any time of day, and the parking lots are PACKED! Drive by K-mart or Target and all you see are empty spaces. DANG, I should have bought Wal-Mart stock years ago!

Posted by: Sam Walton | December 30, 2011, 12:10 pm 12:10 pm

As a former employee I can tell you Sears top management is the pits and out of touch. In big ticket sales all that matters to top management is the percentage of maintenance agreements ( service contracts) .Don’t make you goal in one month -warning -next month gone. It was done on a percentage to sales so that at the end of the month if you were at goal you would be afraid to sell anything else because you would be fired for dropping below percentage. I new a girl who was interviewed by the store GM. He told her quote” it does not mean jack shi– to me how much merchandise you sell only maintenance agreements”. All the add on extras for profit is all they care about.

Posted by: John Smith | January 10, 2012, 1:22 pm 1:22 pm

Bottom line here is that the economy has changed since the stores name changed. five and dime is what the economy can’t afford. Sears and Kmart, Listen, the problem here is that when Kmart folded and went bankruptcy why would you merge with a company that can’t stay afloat. My motto is out with the old and in with the new. Hire new employee’s with new ideas for the global markets and stop half stepping because there are new breeds and I do mean new breeds that have ideas that can get you out of the hold but there is a weak link to the deal you shaken hands to on this deal. Like my mom use to say, “You made your bed now sleep in it”. You both have old product which need upgrading. Take Martha Stewart, her life changed a lot when she has been sentenced to five months in prison and fined $30,000 for lying to investigators about her sale of ImClone Systems stock in late 2001. Perhaps discontinuing her product at that time would of been a good choice for Kmart and they would of had more money to add a new product that people can use. Many stars has a full line of clothing and perfumes. Sure its high in value but sale it for less and watch the margin increase. See, Sears took a gamble when they let Kmart ride there coat and now they have to close 120 stores thinking they will increase sales. I don’t think so because Kmart was all washed out in 2002 why would Sears gamble with there money with Kmart. Kmart kept Martha Stewart in there store for a long time after her conviction and look what it did for Sears it hurt their sales. Sears, get rid of the garbage and don’t close your store close the rest of Kmart stores and burn all their merchandise and make a full line of new product in good a good line of quality and low line price will send your business into orbit. You need to hire an insider from Walmart and they will consult your business into where you need to be. It’s how you run the business and shelf need to be 100% capacity and 100% in stock. Do surveys to see what the consumers need and I’m pretty sure you will see change. Wrong choice new start new people. Wake up!!

Posted by: Maurice | January 19, 2012, 11:29 pm 11:29 pm

I, for one, will celebrate and dance on Sears’ stores collective graves when the last Sears and KMart stores finally close their doors. I’m sorry about any jobs lost, but Sears has been screwing the American public for so many years now, it’s amazing that they haven’t gone completely under before now. Inferior products, ONE YEAR warranties on major appliances that should have at least 5 or 10 year warranties, and they don’t even honor the pathetic warranties they DO have. Outrageous prices for sub-par products that break within weeks (if you’re lucky, or sooner), and rip-off “Maintenance agreements” to scam the consumer out of extra money to “protect” a product that has been pre-programmed and manufactured with the INTENT of making it fail. Then when you try to get something repaired UNDER the maintenance agreements, the repair people don’t show up, or don’t know their a** from their elbow how to fix the problem, and the problem remains unfixed.

Here’s a clue, Sears: It’s NOT the economy causing your downfall. It’s your fraud against the American consumer. You screwed us, it’s time someone shoves a dose of your own medicine you-know-where. YOU DESERVE TO FAIL (and thank God, yes you ARE failing!!)

Posted by: R.U.Creus | April 5, 2012, 6:17 am 6:17 am

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