Originally Posted by texasrattler
LMAO, its not evaporating or even close. yall make me laugh. [...] Sears and BB names r strong and it will be awhile IF anything even happens to there companies.
CO blizzard has me bored, so ...
Well, I guess we could argue on the definition of "close." Sears Holding Company is in bad shape. Really bad shape. Take your own advice and google "Sears Bankruptcy." You'll find many articles and financial analyses by reputable sources (Forbes, Businessweek, Bloomberg, etc.) that lay out the issues.
Again, the short summary is that SHC is performing miserably, is barely a top-10 segment player, and has two competing brands that are hurting it. Kmart has an identity that, while not favorable, is a stronger niche than Sears. Kmart is a cheaper than dirt (and we mean "cheap" not "inexpensive") outlet. Again, sort of a depressing characterization, but it's an established identity.
No one really even knows what Sears is anymore. Sears is more middle scale. But, when people want appliances, they're now going to Home Depot, Lowes, and even Best Buy. When they want clothes, they go to Target, Marshalls, Kohls, and Walmart. When they want tools/hardware, it's back to Home Depot and Lowes ... throw in Ace. When they want tires and auto service, they go to Big O, Meineke, Discount Tire, etc. And I haven't even mentioned the online stores. Sears is more lost right now. What does it have? Craftsman, Die Hard, and Kenmore. However, it announced last year that it was looking to license the brands to other stores ... so even less reason to visit an actual Sears store.
SHC is eating credit to prop up the business, execute share buyback, and fund basic operations. It needs to lower prices and update it's stores ... but it simply doesn't have the cash to do either right now.
Again, reading is your friend.
Is Sears going bankrupt? Probably not ... at least not in the traditional sense of liquidating assets and selling off the parts of the brand. However, there are serious concerns here. At least, the next logical step is to reconcile the brands within SHC -- namely, choose one of Kmart and Sears, but not both.
Since you throw in Best Buy as another example of a brand that is too strong to be even close ... read this:http://www.forbes.com/sites/larrydow...ess-gradually/
Again, BB isn't dying today. But, here are some brands that used to be strong at least 5 years ago and aren't around today:
Schucks/Kragen/Checker auto-parts stores
The Bon Marche, Meier & Frank, Foley's, Hecht's department stores
Linens 'n Things
I think I'll stop there. I grew up with most of those brands. I also loved the G.I. Joe's stores in Washington and Oregon. Loved them! They're now gone.
12-18 months before Circuit City died, most people would have said comments similar to the ones you're making about Sears. Aren't we smarter now? If institutions like Chevrolet were a massive controversial government bailout away from going defunct, isn't any company who has missed its numbers for over half a decade at least close to death?
Yet, you're laughing your ass off at the mere prospect that Sears is close to going defunct?
You need to get real. Maybe read some business journals. There are two kinds of companies: those that make the numbers and those that don't. The latter is always on the brink of extinction.
Originally Posted by texasrattler
As for the could careless part, that was to some poster who was crying out that im a Sears boy like he was 12, which he probably is.
My earlier comment was a very petty jab at your poor choice of words. What you meant was that you "Could not
care less." That is, you care so little, that it's impossible to care any less. What you said was actually the opposite. "I could care less" actually means "I care." You care at a finite level such that it is, in fact, possible for you to care less. Thus, you care.