Did a whopping $1467.83 in sales by close today. Thanksgiving and Black Friday was a flop. And this store and ones like it are supposed to be the ones going forward? Please!
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I find it hard to believe. Our non closing Sears sells that much in appliances in an hour or two of opening on a bad day.
I believe the sales figure. Our so called successful Sears store often did approx 7k in sales on a regular day during better times a few years ago. I don't work there now but I have it on good authority that sales have fallen off from that figure. This store is not on any of the closing lists either. It is a Seritage held store if that makes a difference.
One of the employees was transferred a year ago by the company to another store that is not on any closing lists either. The transfer was strange at the time because it was in a odd location far away. There were, at that time, other stores that would have made more sense for this employee to go to but those stores have since closed or are in the process of closing right now.
My conclusion is that there is no happenstance or surprise as to which stores will close. The company knows and has known for a long time. This employee although truly loathed by staff for being a lying, backstabbing, sneaky thief is loved by SHC so was placed with protection. Karma does come around though.
@WS4Qp3Q-1mct It's me .Tax Loss Carryforward. I'm really curious what the other things are.
@WS4Qp3Q-1mct OK. What are the other things?
The OP is the biggest POS I've ever seen.
Actually it's great that Sears collected so much data. Sears lost $12B in 8 years. Inventory takes 193 days to turn vs 34 days for Amazon. Other companies use data to reduce waste, shorten lines, reduce turnover, ensure delivery is on time, and increase consumer satisfaction. Sears did none of this. But it will provide a terrific case study for what has unequivocally been the greatest failure in American history. That will be of value to future students in enabling them to avoid Eddie's mistakes as a cautionary tale.
Even data like social security numbers and credit cards sells for only a couple of dollars on the black market, much less c-ap like SYW, which is worth pennies by the dozen at best. Even less so now that Sears has fired their analytics team and has no clue how to access the data.
the data on customers from SYW has to be worth a cool Billion... I mean that sh-- knows what you’ve been buying for the past 8 years or so. Data is king now.
SHop Your Way and Tax breaks?
@WS4Qp3Q-xfv -- Congratulations, you have found the smallest piece of the puzzle. Now keep looking, there are at least two more much bigger pieces, right in front of your nose... The current occupant of the White House made one piece much more valuable this year, the other pieces have always been where the real money is...
@WS4Qp3Q-edh Ok. Tax Loss Carryforward?
Probably doesn't have its lease up, or anyone interested in the property to make it worth closing to sell yet. Just wait, when the whole company tanks in a few weeks, they'll all close.
Your sales figures are false, completely false who and why are you trying to mislead??
The rest of you, the real estate was never the play. There's a big fat Pink Pony in there, look CLOSER. It's right in front of your noses. If it wasn't for this one, I guess actually three things, Eddie and ESL wouldn't have put all this money in would they... look closer.
It's going to be just the ghetto mall locations left pretty soon all the buildings that no one wants to buy
Eddie's conflict of interest fundamentally killed Sears. At every turn, he put money in his own pocket book and prioritized ESL and Seritage over Sears' survival. It's bloody obvious to anyone with half a brain.
The store closing list is actually pretty easy to figure out. Does it help Eddie's pocketbook? If Eddie wasn't the landlord, goodbye. If Eddie didn't own the building, goodbye. If you don't fit these two categories and your profit doesn't cover your leases plus some opportunity cost fuzzy math, goodbye. If you're still around it's because Eddie already owns you.
Its always about real estate... the lack of sales announcement is a ruse.
Well Sandrea, your just unlucky I guess.
@scd go to YouTube and type "Sears". It's like that all over the country.
Don't believe your sales figure, sorry
Because Eddie is only concerned about buying out the company so that he can sell off all the remaining assets to line his pockets.....despite his claims that he wants to keep Sears operating as a going concern.