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Author Topic: Sears in the NWA Mall closing  (Read 258 times)

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hog.goblin

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Sears in the NWA Mall closing
« on: November 03, 2017, 07:36:34 am »

The mall is struggling big time, due to influences by Amazon, online sales in general, a better mall in Benton County, and the death grip by Dillard’s keeping better flagship stores out.  But the excerpt also surprised me on how poorly Sears has adapted to an online presence as well as their sale of the Craftsman and Kenmore Brands.  It seems likely to me that in 10 years Sears Roebuck & Co will be a footnote in the annals of history.

“Declining mall traffic has been a problem for retailers for the past several years as more sales continue to gravitate online. Sears has not been on the forefront of expanding its online presence and over the past year has sold off some of its core brands such as Craftsman Tools and Diehard batteries. Last month the retailer said it was severing ties with Whirlpool after 100 years of doing business together. Whirlpool also makes Kenmore appliances for Sears exclusively, which the retailer said it plans to sell on Amazon.”

Credit the last paragraph from the NWA Business Journal.
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grayhawg

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Re: Sears in the NWA Mall closing
« Reply #1 on: November 03, 2017, 07:51:47 am »

Closing the one at Central Mall in Ft Smith as well, there they've had very little customer activity for years.
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ricepig

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Re: Sears in the NWA Mall closing
« Reply #2 on: November 03, 2017, 08:11:23 am »

Closed in Jonesboro earlier in the year, they are toast, as if people didn't know that already. Investor Bruce Berkowitz pulled out a couple of weeks ago, I don't think they'll find a white knight this time.
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hawgrunner

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Re: Sears in the NWA Mall closing
« Reply #3 on: November 03, 2017, 09:11:36 am »

Can't remember last time I was in Sears or bought a Craftsman tool. If I need a new screwdriver or socket I just go to Lowes and get "Kobalt" brand... just as good and hold same lifetime warranty.
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majestic

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Re: Sears in the NWA Mall closing
« Reply #4 on: November 03, 2017, 10:45:40 am »

Hell, I thought they had already closed. Lampert has been sucking them dry for years. I'd be surprised if Sears/K-Mart is around after next year.
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Darrell Royal's Floating Flaming Fulminating Spectral Head

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Re: Sears in the NWA Mall closing
« Reply #5 on: November 04, 2017, 09:24:15 am »

Sears has the adaption and evolution mantra of Kodak. They are the film of big box retailers.
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hog.goblin

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Re: Sears in the NWA Mall closing
« Reply #6 on: November 04, 2017, 11:30:37 am »

Sears has the adaption and evolution mantra of Kodak. They are the film of big box retailers.

I agree, and selling off Craftsman and loosing Kenmore privileges is the death nail, full surrender.
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je100

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Re: Sears in the NWA Mall closing
« Reply #7 on: November 10, 2017, 08:53:08 am »

Good article on the retail apocalypse.  Short 'em all?

https://www.bloomberg.com/graphics/2017-retail-debt/
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Vantage 8 dude

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Re: Sears in the NWA Mall closing
« Reply #8 on: November 10, 2017, 10:24:56 am »

Good article on the retail apocalypse.  Short 'em all?

https://www.bloomberg.com/graphics/2017-retail-debt/
Nope. IMO would be a HUGE mistake to just arbitrarily go out and sell short every retailer. Guys and gals, no one's going to argue that Amazon has not only revolutionized the retailing space but will continue to do so. Having said that, however, there are going to be retailers who have and will continue to evolve to be able to both adapt and effectively compete with the internet side of sales. While Wal-Mart has been impacted, as has everyone, they appear to have done a pretty credible job of moving a fair amount of their sales to the online space; another that fits into that category is Target. Besides, this entire retail space is so large that there is plenty of room for multiple competitors to successfully grow.

There are also dollar stores such as Dollar Tree and Dollar General whose typical customer(s) either don't use the computer as much or don't care to. I suspect that folks like Home Depot will continue to profit because many of the items they carry are the type that customers want to either "touch and feel"or prefer not to have shipped.
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McKdaddy

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Re: Sears in the NWA Mall closing
« Reply #9 on: November 10, 2017, 11:15:10 am »

Nope. IMO would be a HUGE mistake to just arbitrarily go out and sell short every retailer. Guys and gals, no one's going to argue that Amazon has not only revolutionized the retailing space but will continue to do so. Having said that, however, there are going to be retailers who have and will continue to evolve to be able to both adapt and effectively compete with the internet side of sales. While Wal-Mart has been impacted, as has everyone, they appear to have done a pretty credible job of moving a fair amount of their sales to the online space; another that fits into that category is Target. Besides, this entire retail space is so large that there is plenty of room for multiple competitors to successfully grow.

There are also dollar stores such as Dollar Tree and Dollar General whose typical customer(s) either don't use the computer as much or don't care to. I suspect that folks like Home Depot will continue to profit because many of the items they carry are the type that customers want to either "touch and feel"or prefer not to have shipped.

Agreed.  I continue to support Best Buy way more than I should, including this purchase of 4 ipads I'm currently in line to buy to provide upgrades at Xmas for the fam.
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je100

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Re: Sears in the NWA Mall closing
« Reply #10 on: November 10, 2017, 03:14:27 pm »

Nope. IMO would be a HUGE mistake to just arbitrarily go out and sell short every retailer. Guys and gals, no one's going to argue that Amazon has not only revolutionized the retailing space but will continue to do so. Having said that, however, there are going to be retailers who have and will continue to evolve to be able to both adapt and effectively compete with the internet side of sales. While Wal-Mart has been impacted, as has everyone, they appear to have done a pretty credible job of moving a fair amount of their sales to the online space; another that fits into that category is Target. Besides, this entire retail space is so large that there is plenty of room for multiple competitors to successfully grow.

There are also dollar stores such as Dollar Tree and Dollar General whose typical customer(s) either don't use the computer as much or don't care to. I suspect that folks like Home Depot will continue to profit because many of the items they carry are the type that customers want to either "touch and feel"or prefer not to have shipped.

Would you believe they make an ETF that tracks this very thing? 

https://finance.yahoo.com/quote/XRT/
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Vantage 8 dude

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Re: Sears in the NWA Mall closing
« Reply #11 on: November 10, 2017, 04:19:05 pm »

Would you believe they make an ETF that tracks this very thing? 

https://finance.yahoo.com/quote/XRT/
Very familiar with this particular ETF. And while it does have a position in AMZN and WMT, it also has some other retailers I don't have nearly as much faith. Therefore, I tend to be far more selective and specific in this particular sector. Not all of those companies are necessarily going to prosper going forward.
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DeltaBoy

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Re: Sears in the NWA Mall closing
« Reply #12 on: November 14, 2017, 11:45:55 am »

Ours is doing well but over all they moved too slowly into the digital age. 
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DEVIL DOG HOG

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Re: Sears in the NWA Mall closing
« Reply #13 on: November 15, 2017, 12:00:12 pm »

Craftsman are now made in China.
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