Sears Canada (1952-2017)

[Johnny Au]

Lampert: Slayer of Golden Geese

I don't know which major American company is worse: Sears or Electronic Arts.

 

[Amare]

Lampert: Slayer of Golden Geese

I don't know which major American company is worse: Sears or Electronic Arts.

Hmm thats a bit of a tough one; EA destroys every company it acquires and turns them into shells of their former glory years, while Sears with Uncle Eddie just continues to decimate an already beaten brand and siphons its value for as long as possible.

I'd say Sears is the winner of the two in terms of worst company due to the fact that they have a CEO who could care less about the company's day to day operations.

 

[AlbertC]

'Duped': Sears shoppers allege retailer inflated prices for liquidation sales

Retailer says the price markups happened long before it launched its big sale

Sophia Harris · Business reporter sophia.harris@cbc.ca · CBC News

http://www.cbc.ca/beta/news/business/sears-canada-liquidation-sale-higher-prices-1.4373270

 

[Skeezix]

Meanwhile, in the United States, Sears Holdings continues to careen off a cliff:

Inside the Decline of Sears, the Amazon of the 20th Century
Suzanne Kapner, Wall Street Journal, 31 October 2017

(I linked to the WSJ tweet, because it seems to provide access to the whole article to non-subscribers, like me, in a way a link to the WSJ site does not)

 

[Skeezix]

This is interesting. Sears in the United States is effectively already having a liquidation sale, before it has even filed for Chapter 11.

 

[Amare]

It's good to see that the Competition Bureau has finally woke up, seeing as this kind of practice happens with most liquidation sales in this country and hundreds of people get suckered into it:

https://www.thestar.com/business/20...aw-investigation-from-competition-bureau.html

 

[Tuscani01]

Fairview’s Sears has been closed for a few weeks now. Odd being able to see right through to the back of the store. Looks smaller than it felt!

 

[ShonTron]

Fairview’s Sears has been closed for a few weeks now. Odd being able to see right through to the back of the store. Looks smaller than it felt!

View attachment 130994

The only thing that Sears was useful for by the end was a quick access to the awkward subway connection. It's an unpleasant walk to the nearest mall entrance otherwise.

 

[.dwg]

Given how poorly other department stores are doing in the current climate, I wonder what will come of all these closed Sears locations. It's an odd time in Canadian retailing. We still have all the TARGET stores sitting empty. I wonder what the retail landscape is going to be in 5 years...

 

[Johnny Au]

Given how poorly other department stores are doing in the current climate, I wonder what will come of all these closed Sears locations. It's an odd time in Canadian retailing. We still have all the TARGET stores sitting empty. I wonder what the retail landscape is going to be in 5 years...

We are in a midst of a retail apocalypse.

Read the thread I made about it: The Retail Apocalypse

 

[BB ON]

Today's the last day.

Failed Metamorphosis by Bryan Bonnici, on Flickr

The Last Day by Bryan Bonnici, on Flickr


RIP.

 

[Skeezix]

Nobody at any point in this process took down the "Major Reinvention In Progress" banner?

I suppose bankruptcy is a reinvention of sorts.

Great photos, @BB ON.

 

[Admiral Beez]

I wonder how long Sears USA will survive?

 

[Amare]

I wonder how long Sears USA will survive?

Well if these two stories serve as any indicator, it wont be long until their demise. I give them until 2019 at best before Uncle Eddie completes the sink sinking.

https://www.forbes.com/sites/walter...for-costco-a-disaster-for-sears/#2c8cd42d3eda

http://fortune.com/2018/01/09/lands-end-sears/

 

[AlvinofDiaspar]

From the Star:

Court monitor to review Sears Canada payout of dividends while company was in the red

AoD