* Retail cycles ebb and flow, and like the cycles themselves,individual retailers grow. florish, expand, or decline.
* Over the last 15 years vritually EVERY major retailer has had to change dramatically or go out of business. We all know the great names, (I could type in a list of over 50!) who did not change with the times, missed catering to the baby boomers, and then also missed the "boom-echo".
* Sears in my opinion has beome obsolete in most major markets because the competition is just too sharp! Also a lack of image particularly with those households with incomes over $75k per year, would eliminate the desire for those customers to even step into the store, no less even buy there.
* When I go to my local mall, even if there are parking spaces by Sears, I would rather go to a more crowded area park, and enter. There is NOTHING inside that I care to see.
* This apparently is true of other customers, because the spaces outside Sears are ALWAYS the least filled.
* the trend is now impossible for Sears to turn around. Business has gone in it's varied parts to.... - Home Depot, Target, Gap, Old Navy, Linens & Things, the Limited ( in all it's varied names ), Crate & Barrel, and to catalog retailers such as L.L. Bean, J. Crew, and to the mass retailer Wal-Mart. Ever wonder why Wal-mart is open 24 hours ? Wal-mart does so much business is HAS too!
Sears-Canada is doing just fine, thank you. To be honest, the success of Sears-Canada is one of the brighter spots for Sears.
Sears-US carries more name brands than ever.
I would rather shop at Sears than having to hunt and peck at a dozen stores to finally find what I need. With the emphasis on the price matching strategy, Sears gives you value since you are guaranteed a good price that beats or meets the competition.
No you are mistaken, Sears is about the farthest thing from value that exist. My job is price shopping in the retail business and they are far and away the worst value for your money. Better sell your stock and quit trying to convince yourself that this stock is going anywhere. The post prior to yours was an excellent post from a veteran retailer who knows his stuff.
You can't portray to be everything to everybody while picking and choosing product lines.
What results is greed for the big $'s in the appliance without attention to the necessary accessories to use or install it. Leaves the consumer with a lack of support.
What results is the consumer that does purchase the product then finds it necessary to seek the necessary accessory to install or go with the appliance only to discover the full service discounter. Price becomes obvious and the consumer discovers the savings in both time and money with one stop shopping with the discounter.
As for warranty or product support, they're offered everywhere but it doesn't take the seasoned consumer long to figure out what $60 an hour plus marked up parts will cost them on an appliance they've had for 5-15 years. With the new features driving the industries most opt to toss rather than throw $100-$200 into an antiquated product waiting for another failure. We're all seeing the throw away trend in products with services on the rise.
What shocks me is how a company could dish out $7mill for a ceo that touted being such a rag merchant from Sach's 5th Ave. only to continue selling the catalog clothing formerly found in the catalog business he killed.
He tossed the hardlines business out the window (Home Depot caught it all) when he focused exclusively on the apparel and the female shopper as his client. (do women really make 60% of the purchases of tools, lawn equipment, sports equipment, plumbing, TV's, Stereos, etc.?) He's now trying to shore it back up with focusing on what he lost but he's already bought the farm.