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Sears Has Filed for Bankruptcy

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Anonymous
Not applicable

Re: Sears Has Filed for Bankruptcy

Yes this is truly sad. The execution of the brick and mortar model doesn't sit well with me but it's the sign of the times. I still remember looking at the goldfish tanks at Woolworth's...

Message 11 of 26
mitchblue
Valued Contributor

Re: Sears Has Filed for Bankruptcy

Always great memories. It was my go to store back in the 70's & 80's. Got a water softner from them just 5 years ago.

FICO® 8 Scores 821 FICO® 9 Equifax 826 (Updated 02-7-23)
Message 12 of 26
Anonymous
Not applicable

Re: Sears Has Filed for Bankruptcy

...

The only Sears i even know of still existing in the Twin Cities now is at I94 and Marion just west of the state capitol.  Every time I drive by there the lot is almost empty.

 

Its pretty telling.  I am also sure, 99-99.5% that that store was one of the announced closures for 2019.

 

Yes, the only Sears Store left in Minnesota will be the Mall of America. The vultures are circling in excitement over sinking their claws into the full acreage of the Sears Store on Marion St by the MN State Capital. Sadness on that site relates only to what developer(s) will make a fortune on redevelopment of the site!

Message 13 of 26
SouthJamaica
Mega Contributor

Re: Sears Has Filed for Bankruptcy

The irony for me is that my very first credit -- starting me on my path to financial self destruction -- was a Sears credit card. 

 

And now they fold because they can't repay the credit they were extended.


Total revolving limits 586020 (520820 reporting) FICO 8: EQ 706 TU 701 EX 692




Message 14 of 26
EW800
Valued Contributor

Re: Sears Has Filed for Bankruptcy

I too have a flood of memories from my childhood, many decades ago. My fiends and I would always go into the candy area, where they had tons of bulk candy. My parents also did the majority of their household shopping at Sears and everyone looked forward to the new catalog arriving. Sears was also my first credit card when I became a lincensed driver, which I used at the Sears gas station in their parking lot (gone decades ago).

Sad to see them go, but don’t think any of us are really surprised. Smiley Sad

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
Sept 2024: EX8: 847; EQ8: 850; TU8: 848 -- Middle Mortgage Score: 821
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My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .
Message 15 of 26
Anonymous
Not applicable

Re: Sears Has Filed for Bankruptcy


@Anonymous wrote:

Yes this is truly sad. The execution of the brick and mortar model doesn't sit well with me but it's the sign of the times. I still remember looking at the goldfish tanks at Woolworth's...


I would call it more of an evolution of the B&M model, rather than an execution.  Physical retail will likely always exist in some form or another.  It is far from dead, if you understand what is happening.  

Message 16 of 26
Anonymous
Not applicable

Re: Sears Has Filed for Bankruptcy


@Anonymous wrote:

@Anonymous wrote:

Yes this is truly sad. The execution of the brick and mortar model doesn't sit well with me but it's the sign of the times. I still remember looking at the goldfish tanks at Woolworth's...


I would call it more of an evolution of the B&M model, rather than an execution.  Physical retail will likely always exist in some form or another.  It is far from dead, if you understand what is happening.  


I totally understand what is happening. The B&M stores that I grew up with have been executed not all of them yet but I have feeling it's just a matter of time. Yes the B&M model has evolved to meet today's way of life...

Message 17 of 26
Anonymous
Not applicable

Re: Sears Has Filed for Bankruptcy


@Anonymous wrote:

@Anonymous wrote:

@Anonymous wrote:

Yes this is truly sad. The execution of the brick and mortar model doesn't sit well with me but it's the sign of the times. I still remember looking at the goldfish tanks at Woolworth's...


I would call it more of an evolution of the B&M model, rather than an execution.  Physical retail will likely always exist in some form or another.  It is far from dead, if you understand what is happening.  


I totally understand what is happening. The B&M stores that I grew up with have been executed not all of them yet but I have feeling it's just a matter of time. Yes the B&M model has evolved to meet today's way of life...


We'll have to disagree on the choice of words.  The term "executed", IMO, implies they couldn't have prevented their eventual fate.  Maybe I'm misinterpreting, but it seems like you are saying they were victims.  I mean, they were made irrelevant, sure.  Their own inaction killed them.  Sears should have seen dotcom coming.  They cut their teeth creating nearly the exact same business model a hundred years ago and really could have owned internet retail if they hadn't been so complacent.  

Message 18 of 26
Anonymous
Not applicable

Re: Sears Has Filed for Bankruptcy


@Anonymous wrote:

@Anonymous wrote:

@Anonymous wrote:

@Anonymous wrote:

Yes this is truly sad. The execution of the brick and mortar model doesn't sit well with me but it's the sign of the times. I still remember looking at the goldfish tanks at Woolworth's...


I would call it more of an evolution of the B&M model, rather than an execution.  Physical retail will likely always exist in some form or another.  It is far from dead, if you understand what is happening.  


I totally understand what is happening. The B&M stores that I grew up with have been executed not all of them yet but I have feeling it's just a matter of time. Yes the B&M model has evolved to meet today's way of life...


We'll have to disagree on the choice of words.  The term "executed", IMO, implies they couldn't have prevented their eventual fate.  Maybe I'm misinterpreting, but it seems like you are saying they were victims.  I mean, they were made irrelevant, sure.  Their own inaction killed them.  Sears should have seen dotcom coming.  They cut their teeth creating nearly the exact same business model a hundred years ago and really could have owned internet retail if they hadn't been so complacent.  


You're absolutely right choice of words in disagreement but looks like we disagreed to agree after all. I'm not saying at all we're victims just saddened my stores are gone is all.. I'm a Toys R Us kid even I have kids of my own heheh Smiley Wink

Message 19 of 26
Medic981
Valued Contributor

Re: Sears Has Filed for Bankruptcy

I had just had another Sears memory. While in college, I drove a '71 Ford Torino. The Torino's hood did not lock and anyone could walk up to it and open the hood. One weekend evening, I was downtown and got a little drunk at a local dive the college kids hung out at. As I drove to the bar, I had a friend who was a designated driver drive me back to the dorms. Sunday afternoon went to get the car and some ***bleep*** stole the battery out my car. Dad came to the rescue and purchased a Die Hard battery from Sears. That battery lasted longer than the car did and got moved to my next car purchase.







Your FICO credit scores are not just numbers, it’s a skill.
Message 20 of 26
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