SIGforum
Sears CEO Just Doesn't Seem To Get It
May 11, 2017, 12:59 PM
PASigSears CEO Just Doesn't Seem To Get It
Nooooo, it's not the "media" that's the problem here. It's your company refusing to get with the times and give people what they wanted, your refusal to update your 1980's-relic sack sack stores and your PRICES you dumbass.
quote:
Sears CEO Lampert blames company's woes on 'irresponsible' media
Sears Holdings Corp (SHLD.O) Chief Executive Officer Edward Lampert blasted the media on Wednesday for "unfairly singling out" the company over the past decade and blamed "irresponsible" coverage for the retailer's woes.
Sears, once the largest U.S. retailer, warned investors in March there was a chance it may not be able to continue as a going concern after years of losses and declining sales.
About two dozen mid-size retailers have filed for Chapter 11 bankruptcy in the past two years amid fierce online competition and rapidly changing consumer tastes, while large department stores like Macy's Inc (M.N) and J C Penney Company Inc (JCP.N) have announced store closures for this year.
Lampert, a hedge fund investor who is rarely seen in public, kicked off his appearance at an annual shareholders' meeting at Sears' headquarters in Hoffman Estates, Illinois with a slideshow of headlines about the company's financial distress, dating back to 2008. (bit.ly/2qtqFL8)
"You'd think it was from a month ago, but it's literally been going on for a decade," Lampert told about 70 people in attendance.
Sears CEO Lampert blames company's woes on 'irresponsible' media
May 11, 2017, 01:06 PM
Sig20970 people in attendance. Probably half of those are employees / execs required to be there.
That shows how much relevance Sears has in modern society.
They are a shell of various distressed assets masquerading as a retail enterprise.
They have no intention of becoming a thriving company.
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Proverbs 27:17 - As iron sharpens iron, so one man sharpens another.
May 11, 2017, 01:08 PM
JALLENThe only thing worse than irresponsible uninformed speculation is irresponsible, uninformed speculation that happens to be accurate.
This is kabuki theater while Sears transitions through a real estate repurposing.
Luckily, I have enough willpower to control the driving ambition that rages within me.
When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson
"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown May 11, 2017, 01:20 PM
downtownvI rarely go into a sears but I did last week to get their brass quick connect hose couplers. 1st off no sales people anywhere. 2nd, I was looking at the garden hoses and accessories, after all it springtime, nothing but empty hooks. They have slipped to "no reason to ever go there again" category.
So that's what you have with the almighty sears and roebuck company, not the media's fault.
May 11, 2017, 01:22 PM
Elk Hunterquote:
Originally posted by downtownv:
I rarely go into a sears but I did last week to get their brass quick connect hose couplers. 1st off no sales people anywhere. 2nd, I was looking at the garden hoses and accessories, after all it springtime, nothing but empty hooks. They have slipped to "no reason to ever go there again" category.
So that's what you have with the almighty sears and roebuck company, not the media's fault.
Indeed. I gave up on Sears some time ago after my 3rd trip looking for something, could find no one to ask, or even wait on me if I had found what I wanted.
Elk
There has never been an occasion where a people gave up their weapons in the interest of peace that didn't end in their massacre. (Louis L'Amour)
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-Thomas Jefferson
"America is great because she is good. If America ceases to be good, America will cease to be great." Alexis de Tocqueville
FBHO!!!
The Idaho Elk Hunter
May 11, 2017, 01:43 PM
BBMWIIRC, he bought the company basically as a real estate play. He had no use for the retail business.
May 11, 2017, 01:53 PM
BGULLIf this is a real estate play, what is the guy expecting to replace those Sears stores with? Is there another big box store model to replace Sears?
Bill Gullette
May 11, 2017, 02:02 PM
JALLENSome years ago, the big Sears store on University Ave. in San Diego closed and sat empty and forlorn for awhile.
You should see that space now! A Ralph's, dozens of small businesses....... Somebody is making a boatload.
Every situation is different, of course, for each property, and you can't do them all at once, but he is betting that there is a great deal more value than the cost of the shares.
Luckily, I have enough willpower to control the driving ambition that rages within me.
When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson
"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown May 11, 2017, 02:02 PM
MNSIGquote:
Originally posted by Elk Hunter: I gave up on Sears some time ago after my 3rd trip looking for something, could find no one to ask, or even wait on me if I had found what I wanted.
They were busy at the cash register filling out F'n Club Memberships.
May 11, 2017, 02:04 PM
Lord VaalicSears home improvement just pissed off my wife, they wouldn't come out to give her a quote on a bathroom remodel unless I was there.
Don't weep for the stupid, or you will be crying all day May 11, 2017, 02:10 PM
MNSIGquote:
Originally posted by Lord Vaalic:
Sears home improvement just pissed off my wife, they wouldn't come out to give her a quote on a bathroom remodel unless I was there.
Probably needed you there so they could discuss time shares.
May 11, 2017, 02:11 PM
LBAR15I've been popping in there lately to round out some odds and ends in regards to my tools. Everything Craftsman I have is Made in US stuff from the 80's and 90's and in very good shape.I want to finish out the set with some missing sockets, hand tools, pliers etc when while I can and only if I find them online and still made in USA. Some stuff is China but certain things are still made in USA. So I order on line and pick up in store.
There is NO WAY this place is going to survive. I've been into probably 4 different Sears stores lately and even on a busy Saturday with the whole Mall teaming with people, walking into Sears is like walking into a funeral parlor. No customers, no noise, no salespeople, it's empty. I went into one at 7:30pm and an older gentleman was fighting over ringing me up with another associate. As I was completing my purchase he told me "I'm so glad you came in, I was about to work a whole day without ringing up one sale. THANK YOU! That's just sad.
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Life Member NRA
“If you realize that all things change, there is nothing you will try to hold on to. If you are not afraid of dying, there is nothing you cannot achieve." - Lao Tzu
May 11, 2017, 02:20 PM
45 CalCorporate raiders took that once fine company to the toilet many years back.
Once was a fine company back in 1970 when I first hired on,twenty years later,brennen started this train over the cliff.
May 11, 2017, 05:44 PM
zoom6zoomSears started as a catalog outfit. If they had gone back to their roots, they could have out-Amazoned Amazon. But that ship has sailed.
I have my own style of humor. I call it Snarkasm. May 11, 2017, 05:50 PM
mcrimmSears - failing
JCP - failing
Macy's - failing
K-Mart - failing
Target - failing
Buy more Amazon stock
Mike
I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown
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When you have no future, you live in the past. " Sycamore Row" by John Grisham May 11, 2017, 05:57 PM
SigSACRemember, Sears Holding Co. is part of K-Mart - they acquired Sears a few years back.
Sears was once the one to compare business - now that K-Mart owns them, they are the one to compare what you DON'T want to be . . . .
May 11, 2017, 05:57 PM
BDA220I haven't been in the local Swear and Takeback in years.
Time for them to close up shop.
"Strange days have found us, strange days have tracked us down." JM
May 11, 2017, 06:02 PM
12131For retaining the CEO who actually believes in the crap that he said, Sears deserves to go out of business.
Q
May 11, 2017, 06:34 PM
bendablemy last experience at Sear's was positive ,
I got four nice t-shirts, that was 9 years ago
Safety, Situational Awareness and proficiency.
Neck Ties, Hats and ammo brass, Never ,ever touch'em w/o asking first
May 11, 2017, 06:40 PM
bubbatimeThe CEO personally loaned Sears several hundred million to make payroll I read somewhere. He did it to lay claim to the real estate that Sears owns, for pennies on the dollar (Sears collapses, he gets a billion dollars worth of real estate for WAY less than market price) He saw the writing on the wall years ago, and decided to make himself a very, very rich man, at the expensive of Sears and the other creditors, in the process. Scumbag.
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