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Sears is shutting its last store in Illinois, its home state -- (link)

Posted by budice Sep 16 '21, 13:28

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https://twitter.com/CNBC/status/1438600002251763716 (twitter.com)

Responses:

The long closed Sears in the mall near me is now a Spirit Halloween store. At least for the next six weeks or so. -- nm - sycor Sep 16, 13:59 4
- That place is one of the strangest retail phenomenons of the past (decade?) to me. - ty97 Sep 16, 14:04 3
  - We're not getting our usual Spirit Halloween this year, which surprises me. -- nm - No Longer Calm David Sep 16, 14:05 2
    - Did they maybe just find a better lease deal somewhere else nearby? - ty97 Sep 16, 14:06 1
      - They're only operating one this year, and it's much closer to campus. So, they definitely cut the lease budget. - No Longer Calm David Sep 16, 14:07
Parent company Transformco sounds exactly like a predatory company designed to saddle debt on companies they can then bankrupt -- nm - TWuG Sep 16, 13:45
It's sad, but I have no clue what the Sears/KMart plan at this point is -- nm - ty97 Sep 16, 13:31 10
- I kinda wish they would sell houses again. I'd like to get a plot of land out west and have the home delivered. -- nm - Max Sep 16, 13:35 1
  - Dedicated companies exist for this. -- nm - Beryllium Sep 16, 13:36
- You’re looking at it. -- nm - spamlet Sep 16, 13:33 2
  - The fact that they own their real estate there too is a double hit. How much real estate do the own in retail plazas that they can't rent out? -- nm - ty97 Sep 16, 13:37 1
    - As I said below, most of that store is already gone and the mall is doing well so it should be fine. -- nm - spamlet Sep 16, 13:40
- The only thing left of value is the name, and the longer they can prolong their existence, the greater chance someone might want to acquire the name -- nm - Beryllium Sep 16, 13:33 4
  - Actually some of their brands have value. Craftsman tools. Kenmore appliances. I think they were (at least at some point) moving to make that the - pmb Sep 16, 13:35 3
    - Didn't Sears sell Craftsman years back? -- nm - ty97 Sep 16, 13:36 2
      - I thought that might have been the case. Couldn't remember. -- nm - pmb Sep 16, 14:03
      - To black and decker in 2017 -- nm - Beryllium Sep 16, 13:37
So sad. My entire childhood around the holiday's was defined but going through the Sear Catalog for Christmas presents for Santa to get me. -- nm - Jovian Sep 16, 13:30 1
- yup, and then as an adult was letting my kids look through and then finding the same stuff on Amazon or at Walmart for 25% less -- nm - Beaker Sep 16, 13:46
We were there over the holiday weekend. Most of the store is already a Dave and busters ripoff. -- nm - spamlet Sep 16, 13:29

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