watch out for kmart.....

[SoundTheSurrender]

Kmart Acquired Sears because Sears has a better Rep. than Kmart.

 

[almostrice]

Originally posted by: djmihow
Kmart Acquired Sears because Sears has a better Rep. than Kmart.

That and maybe they want to get out of direct competition with Walmart.

 

[sswingle]

Nothing in Ohio

 

[RBC]

Last time Sears closed a bunch of stores (I think in 2001 or 2002) they used a liquidation company that bought the entire store's inventory, raised prices back to full retail then started discounting gradually. That was back with their stock value was in the tank. I don't think they'll need to resort to that option this time.

BTW, I see Organized Living has bit the dust and is liquidating their inventories nationwide.

 

[SemperFi]

A local Kmart has had a banner out front that goes from the top of the wall to the ground saying 40% off. It has been there for a few weeks now. It must be closing up since there is a sears not a half mile away. I have never stopped in it is probobly picked over by now.

 

[commOdog]

Sears makes its money on the sale of DEBT via its credit cards, not the sales of goods. Debt is the most heavily marketed "ITEM" in the history of the world. I believe kmart wants that business more than the real estate

"Sears reportedly earned more money from the interest and late fees the company charged its credit cardholders than it earned from selling merchandise. In other words, Sears kept all those stores open and sold all those Lady Kenmore washing machines and Craftsman tools in the hope that its customers would buy on credit and pay over time. Merchants like my grandfather used to offer credit as a way to increase store purchases. For stores like Sears, that formula has been turned upside-down: Store purchases have become a way to increase credit card debt. That's not "old-fashioned" at all; indeed, it is possible only in the new world of uncapped interest rates and deregulated lending." - - http://www.pbs.org/wgbh/pages/frontline/shows/credit/more/cement.html

If you truly want to know about how sears and other retailers make their money, you should watch this show:
http://www.pbs.org/wgbh/pages/frontline/shows/credit/

 

[HDTVMan]

What does this do for Martha Stewart? Is sears picking up the line?

 

[Siva]

Originally posted by: RBC
Last time Sears closed a bunch of stores (I think in 2001 or 2002) they used a liquidation company that bought the entire store's inventory, raised prices back to full retail then started discounting gradually. That was back with their stock value was in the tank. I don't think they'll need to resort to that option this time.

BTW, I see Organized Living has bit the dust and is liquidating their inventories nationwide.

Their clearance deals are horrible though, Organized Living was a pretty crappy chain anyway.

 

[mikeford]

Just what the previous poster quoted, the whole store contents get sold to some liquidation company, all the employees are fired, the prices are marked up to full retail, then the liquidation company offers some employees a typically lower wage to stay on for a month of the "sale" where every few days the discount increases until nothing is selling and remainder gets sold as a lot or moved to the next store that is getting liquidated. Typically no bargains at all since the price drop is balanced by no returns and a chance the item suffers from being an open box or return with missing parts or problems.

YMMV, but after checking a few other events, I don't waste my time.

 

[harrkev]

Sears Essentials?
They should have called it "S-Mart."
Shop smart -- shop S-Mart

I really hope that these new stores improve. K-Mart basicly sucked because they never seemed to have what I was looking for. I like to support them, because they are one of the few competitors of Wal-mart. But if you have to go to Wal-mart anyways because K-mart does not stock what you are looking for, you give up after a while.

 

[Scarpozzi]

They may be marking things down by 30%, but the problem with Kmart (at least the ones that used to be around here) is that they didn't have price tags on their items over half of the time anyhow. I never wanted to buy anything that wasn't marked....so it's hard to tell what you're taking 30% off until you scan it.

 

[Staubach]

Just went to the KMart on Winchester in Memphis TN.

Jewlery is 80 to 90% off; Electronics is mostly empty; Still have PS2\Xbox Games 25% off;

Does look like they marked the items up to MSRP then took the reductions. YMMV