Thread regarding Sears layoffs

No rhyme or reason to closing stores

Seems to be very random. I've tried to make sense of their methodology being that I've seen and heard of "good" stores closing right along with the underperforming ones.

Do they draw slips out of a hat? Or does it look like a bingo hall where there's a giant light up board with all the store numbers and someone is pulling balls as they roll out of the cage? Are they throwing darts on a dartboard full of store numbers? I'm half serious. Like I said, their methodology behind picking these stores fo closure is very random.

I've heard of stores staying open that were on performance plans (path to profitability, I think it's called) and stores that have done decent for a Sears store close. .How does a store stay in business if it can't break $5k in it's daily sales?

I don't know a lot about Kmart but I'm sure it's the same thing over on that side. Only then Sears holdings views Kmart like an unwanted stepchild when you look at how many they close against the number of Sears stores they close, no offense to the Kmart people.

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Post ID: @OP+TrMTXas

5 replies (most recent on top)

I believe a lot of the stores that are closing are those that Eddie either modified the lease terms or sold to the malls and leased back last fall.

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Post ID: @bun+TrMTXas

Few if any of the Kmart buildings are owned by corporate, they were always leases. I know they have closed some even when unable to get out of the lease at that time, because they decided it cost them more to keep losing money operating that location than to just lose a smaller amount of money paying the rent on an empty building.

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Post ID: @zcq+TrMTXas

So if an "owned" store closes without an obvious reason (like bad profitability), does that mean that a buyer came forward to buy that particular store?

It seems like quite a few Sears and Kmart's sit empty and abandoned let me after they are closed.

I do know that many get turned into other stores or torn down to make room for a restaurant or whatnot on the other hand But if they close a property they own without a buyer lined up, they still have to pay taxes and pay someone to maintain the building and the grounds. That must cost a small fortune if you consider that there are probably several stores that SHC still must support (by taxes and maintenance) until a buyer eventually comes along.

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Post ID: @bxw+TrMTXas

I think it's alphabetical A-Z, B-Y, C-X,D-W,E-V,F-U, G-T, H-S, I-R,J-Q, K-P, L-O, M-N

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Post ID: @pbo+TrMTXas

All stores are for sale at the right price whether they are profitable, successful, or not. It is strictly a money play.

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Post ID: @xyh+TrMTXas

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