Our manager told us our Sears store was not closing. He said we owned the building and were making a profit. We don't see how were making a profit when we no longer sell electronics and our shoe department is smaller. But mostly there are no customers. We do not have stupid written on our forehead.
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LOL 2885 Im surprised hasnt closed yet.
Probably the only thing saving the store is that its on a skeleton crew, only 1 story, easy to maintain, owned store, and AS OF 2.5 years ago, the store was BARELY profitable pulling in $50k EBITDA, not that VPC crap
Probably done after holiday season, Im sure you remember last year ;)
Correct, a little knowledge goes a long way to understanding what is going on.
Profitable or not, it all boils down to logistics. If your store is profitable and the other stores around you are not and they close those stores, you will be next in line. It makes no sense and cost lots of money to ship merchandise to one lone store way out there in no mans land. Look at a map of the closing store. Notice how they are in one geographic area or in one district or in districts that are next to one another? Notice how they are closing whole states worth of stores. That is how they will close down the company.
Any stores in a depressed area or that are close to unprofitable stores will close first, then the stores that are a little more profitable. Then they will close the DC down that supplied those store and so on.
And if your store is owned by SHC then you will close when Seritage need more property to develope. Keep your eye on Seritage and how the money Eddie ans ESL investments is backed by SHC property and inventory.
Quit focusing on profitablity. That may give you a little time because you are paying the bills for some other stores, but if you are owned by SHC then you will either downsize and they will sublet to another company if you are in a mall such as Dave and Buster or you will be transfered to the REIT- Seritage to be redeveloped at some time in the future. Keep track of how far along each property is redeveloped and you can get a hint of when the next round of SHC owned or Seritage owned stores will close.
How about store 2156?
What about Kmart 4288?
@1nkq - "There are very few who really have the actual numbers by store once you factor in all the known and unknown expenses." And that is one of the reasons why SHLD is in such a terrible state!
How about 7198 ???
Take it with a grain of salt if you hear whether or not your store is profitable on this post. There are very few who really have the actual numbers by store once you factor in all the known and unknown expenses.
02885 ??
Can you please check if store 9642 is profitable? I doubt it is but for some reason it has remained open.
If Eddie files bankruptcy chap 7 it's all over and a profitable store will be closed too
And I don't think chap 11 is much better for sears. The company has too much debt
what about 1151, Tulsa, ok.
@ktw You arent profitable I check your like 9% down to last year my store is 30 percent down to plan from last year. All this are bad signs, but all the stores mentioned are all down on sales.
No
Is store 1700 profitable?
1720 is currently the least performing store in the 172 district i don't see how this store has not been shut down other than the property it sets on is currently owned by sears, my guess it is up for sale, if a buyer is found it will likely be sold, until then it will remain open
1450 is a reit store. Doing a complete gutting. Sears was suppose to occupy the 2nd floor but must have found a new tenant.
Curious about the profitability of three stores:
0001720 Lakeside Mall MI
0001490 Oakland mall, mi
and one that is closing
0001450 Roseville, MI
I was told only the third one was profitable and that's the one they decided to close.
Thanks!
Fact is they have been closing profitable stores because they can get more money for them.
What's your store number? I'll let you know if you're profitable.
They can close your store any time they want rather it's profitable or not.
Perhaps they are dealing drugs or have a profitable backroom gambling operation. Is the store just a front?