Thread regarding Sears layoffs

Sears died dude. Hometown stores are empty. Grow up OP.

“Sears isn’t going down” just like the Titanic didn’t. Nice try.

Hometown stores can't survive because of two external force. Sears didn't give them enough and timely merchandises to sell and gave them bad business and technology support. It was more like bait and switch instead of a win-win partnership. Another force is the Amazon factor. That's the nail in the coffin for the HT owners. Lucky that I didn't jump into the HT business when Sears offered me the chance. It would be a very bad outcome.

"Sanstra said Sears Hometown stores are on a path to open between 150 – 200 new stores across the country over the next two years."

Translation: "I'm in charge of new stores for the entire country, as well as sweeping the floors in HTS HQ after hours. I'd like to continue receiving a paycheck a couple more years for doing almost nothing, so I told Eddie we're going to open 150-200 stores in the next two years. We don't have any interested buyers or signed contracts but that doesn't mean we "aren't on the path." Eddie was satisfied, and headed out to sea on "The Fountainhead". Now I can relax in my office and play video games 8 hours a day.

Sounds catchier than "Read it and lament"

Read it and weep ?!?

OP please find a nice person with at least an 8th grade education to read the article and explain it to you.

Since there’s no list then we have to wait until tomorrow

Edeeeee, yo you “screwed” the pooch with the HT crew. The real owners who took an idea and ran with it in the mid 90s investing time and money in a dream partnering with a relevant brand name backed with branded product to sell provided by the good credit standing of the owners and Sears. It was a good gig. Now you have nothing. Stock buy backs, misunderstanding the “catalog” concept via the web, not all your fault but a big part was with your lack of vision, mistreating customers through data mining via SYW, referring to customers as members (stupid), messing with the return policy, selling the best money maker... the reason for a retail entity; the Sears credit card. Oh and licensing Ace hardware to sell Craftsman that was a Doozy. You let The service department be used by other appliance retailers, come on, service was thee best closer on big appliance sales.

All of us owners believed in the program up until 2012. Then the lies and misrepresentation started. Sell my store I had owned for decades. No way the liability risk was too high. I would have to lie about the business model like your Lieutenants lied to us.

So to circle back around (a Cliché your lieutenants use) new store openings...Sears is an empty brand, and the numbers don’t add up. Ace, Do-it-best hardware, TrueValue, Brandsource, Nationwide co-ops offer a better opportunity better margin, and to die for buying power that allows the owner to compete and win. I was at a party of my kids full of just college graduates. I asked what do you think of Sears? A couple of the females said gross... and eww. And that Mr. Lampert is that in a nutshell.

I have a few pennies left. I’m signing with one of the Co-ops and I will make it my business to undercut Hometown, Buddies, and AF every chance I get...every chance. Welcome to retail. I heard your in summary of business 101 college texts now.

Read it and weep? Nothing worth reading, crying about, or peaking anyone's interest for that matter!

The question is why is HT opening corporate stores and operating them? Did Eddie promise Franchise group a certain amount of stores in the sale of Outlet? Maybe rebranding HTS? Why would anyone get in to bed with Sears when you can become an independent and make more money and actually get product!? HTS are dying by the hands of Eddie.

I thought the endgame was to make money on real estate.
That's why Seritage was formed.

The Seritage that loses money.
Like Sears.
Like Kmart.
etc.

When Lampert completes the purchase of Sears/Kmart from the bankrupt Sears Holdings, he plans to maintain approx 450 stores and 50,000 jobs.

There isn't a human on this planet that I would believe more than Eddie. I mean come on! He kept to that promise didn't he???? At least, for a few hours that is.

So the previous owners want to “retire” from the business, but Sears took over the store to keep it open until new owners can be found. Sears signed a three year lease to keep the store open and will transfer the lease to the new owners.

What I gleaned from the article:

The old owners couldn’t find a buyer, so they bailed. If the business was profitable, there would already be new owners. Sears wouldn’t have had to take it over. If the store closed because the owners “retired”, the landlord would have rented the building out. The chance of another Hometown store opening up somewhere else in town would be slim to none. It’s much easier to su---r a new owner with an already existing store. That’s the only reason Sears signed a three year lease. The landlord probably demanded a three year lease. Sears doesn’t care. The new owners would be stuck in it, not Sears. New owners would work on commission. Commission on non-existent merchandise would result in zero profit, but the “new” owners would be personally liable for the lease terms and would be forced into bankruptcy to bail.

“On a path” to opening up 150-200 new Hometown stores is a wish list. That doesn’t mean it will actually happen.

Try again. We’re not fooled.

Thats Sears hometown Stores