They aren't Fooling Anyone- They have completely given up on the stores

In NH, the Manchester store does more much business than the Concord store. The Manchester store is in a good mall, probably B+ class retail space. It still has a picture people photo studio. They just replaced the sign outside the merchandise pick up. The appliance sales are still decent and auto center is doing tremendous business. In speaking with the mall, there are ZERO plans to replace the space right now. So, if there was any plan to save the company stores, they would have at least kept Manchester open till after Christmas. This company is a complete joke.

Yet, the store in Concord (in a dead mall) is staying open. It's over. This is a liquidation plain and simple. They are just spreading it out over time. The next wave will be the Concord, Nashua and Portsmouth stores, followed by the 3 remaining Kmarts. Eddie and crew clearly have no plans to keep the stores open past 2019. It's over.

Comment! It's anonymous!

6 replies (most recent on top)

*they're bought out

Agree. Not too far from my area was a Kmart located directly across the street from a small, slow Sears FLS in a declining mall. The Kmart was well kept and usually steady and sometimes very busy every time I went in there. The Kmart closed last year, yet the Sears remains. The Sears is owned(one of the REMIC properties) so my guess is they are leaving it open until their bought out or until everything closes. My guess on the Kmart was that the lease expired and the company didn't want to renew.

Is the store that you're referring to Landmark in VA? That situation is insane.

Sounds like a store I know about. It brings in $4k in sales on a "good" day and is stuck in a completely dead mall. The store is falling apart literally and figuratively. The roof leaks, the floors are c-appy. There's electrical problems, plumbing problems, structural issues. It was built in the early 80s and hasn't been updated since. There's virtually nobody running the store with just about four employees for the entire store on average. If you are not the store manager, a zone supervisor or a person selling appliances you are only getting 20 hours or less. It's getting robbed blind by boosters running out with merchandise.

Every time there is a store closing announcement, that store gets to stick around while all the others that are doung better get closed. Now, normally it works the other way around, retailers close their weak stores, but Sears is closing their stronger stores because they tend to be located in a viable location and Sears can sell the real estate. It pays to be a c-appy store, I guess. You get to keep your job for a little longer if you want to keep working there.

Unfortunately the stores were given up on a long time ago. They only exist to find people to chase down for the credit card apps and to a lesser extent SYW. That's was asset light means. Few assets.

Customer service and decent products were forgotten about years ago. People always talk about Sears not changing with the times but if it had STAYED the SAME, it would be better off than now.

Forcing a cause to liquidate

Thread regarding Sears layoffs

They aren't Fooling Anyone- They have completely given up on the stores

6 replies (most recent on top)

Post a reply