Thread regarding Sears layoffs

With the $55B in revenue Eddie inherited, Amazon literally a seller of nothing but books

Repsectfully disagree, by 2005 Amazon revenue was 8.5 billion, and by 2011 AMZN had officially overtaken SHLD...

(I have upvoted your post, btw).

Amazon was virtually unprofitable for nearly two decades as well, and only made that low bar because of the Congressional tax exemption that lasted over a decade. Eddie would go on unhinged rants about how unfair that was, while ignoring his own proclivity to invest anything while paying himself dividends and buying back Sears at over $100 a share. He-l, Amazon's biggest competitive advantage, TODAY, is that it has warehouses all over the country where it can turn around deliveries to most customers in one or two days, something Wamart and Target only figured out in 2019. With the $55B in revenue Eddie inherited, Amazon literally a seller of nothing but books, Target's online operation non-existent, and Walmart literally the biggest online retailer around, you figure Eddie could have used all that space for something more productive than clothing inventory that turned over maybe twice a year.

Sears Logistics/Innovel was the best around, and even today it's the biggest national operation for moving the last mile of large appliances. The irony is that he sold literally the month before last mile delivery, logistics, fulfillment, and warehouses exploded because of COVID. The catalog is old news, but Sears was already the cutting edge market leader in delivering product to home even when Eddie took over. In the end, he managed to destroy Sears Commercial/Kenmore Direct too, an operation that minted cash by merely existing.

Facebook is for the stupid and elderly.

This article was enraging to me. Sears was not and never about to become the next Amazon. The catalogue biz had been losing money as far back as the 70s, and fulfillment times were predicated upon two weeks to a physical store. It was not the turnkey ecommerce platform that everyone makes it out to be.

But my problem with this article is that it doesn't contain any "new" news. Just about anyone on this board can rattle off the count of stores in 4 Seconds, and this guy is meandering along, going all over the place, but getting nowhere. I was hoping to see some news about new closures, but again, he just rambles on and on, with useless gibberish that anyone here could easily google in like, 3 Seconds.

Again, if you're going to write an article like this, at the very least, get your store counts right. I mean, it's not like it's hard to find out.....that elevator clown makes like 3 videos about it every single Day.
This article looks like it was written by a middle school kid who just got his first computer, and his parents were Paying his allowance "by the word" , so he just tried to make it as needlessly long, as he could. But that's just my opinion.

The Sears.com and Kmart.com store locators are unreliable ways to determine how many stores are open. They still list a number of stores that have closed, and at times have failed to list stores that are still open.

My count: 28 full-sized Sears stores, 8 small-format Sears stores, and 20 Kmarts (21 if you count Brooklyn). Total 56 stores. This count does not include Hometown stores.

IMO it's a very good article, summarizing the situation particularly for people who are not intimately acquainted with the sordid recent history of Sears, as most of the readers of this board are.

This is the money quote: "Along with the web of assets, Sears Holdings — back when it had money — regularly doled out millions to shareholders in the form of buybacks and made substantial financial bets with its cash. A good case can be made that the buybacks left Sears with less cash to invest in its business when the industry started undergoing rapid technological and competitive changes."

No investing in stores, but whatever money Sears had got allocated to shareholders. Probably fine short term but a recipe for long term disaster, as we see now

Another one of these goofy articles that are long on words, long on filler, and short on substance. Again, nothing really in there that we don't already Know. And his store counts are way beyond "off". Again, much to do about nothing.

The link didn’t bother me that much. Way to be overdramatic about simply having to press one more button. (That’s all that it had me do.) Are we as a society this lazy and inept?

To save you having to go to someone's Facebook page when they are fishing for followers heres the direct link https://www.retaildive.com/news/is-the-never-ending-sears-saga-finally-reaching-its-closing-chapters/600562/