The FAL Files  

Go Back   The FAL Files > News & Political Discussion > Economics & Investing

Notices

Reply
 
Thread Tools Display Modes
Old December 16, 2017, 14:40   #1
juanni
TROLL
 
FALaholic #: 2439
Join Date: Jan 2001
Location: up a creek in MT
Posts: 17,272
Will this be year that Sears declares Bankruptcy?

You know it is coming. Retail stores alway declare and the end on the year, after another disappointing holiday season.

Exchanged a Craftsman ratchet that was not working properly.
Could have set off a bomb in that Sears store and not caused a single injury.

The company has been hollowed out, the real estate carved off the liabilities and the employee pensions will be hung out to dry...... facilitated with cheap FED money.




................juanni
__________________
Bawana jim; 'I was trying to get to the point he would realize that because of debt the world has improved.'
juanni is offline   Reply With Quote
Old December 16, 2017, 17:15   #2
SWOHFAL
Registered
 
FALaholic #: 34346
Join Date: Feb 2008
Location: Kasich-free Zone
Posts: 19,463
Probably. The hedge fund guy who runs them and K-Mart is apparently a retailing moron and must have another angle on the whole thing and is prepared to reap something from their filing for bankruptcy and liquidation. Craftsman was all they had going for them from my perspective and they sold that to Stanley.
__________________
Man is tormented by no greater anxiety than to find someone quickly to whom he can hand over that great gift of freedom with which the ill-fated creature is born.

- Fyodor Dostoevsky
SWOHFAL is offline   Reply With Quote
Old December 16, 2017, 17:22   #3
easttex
Registered
Bronze Contributor
 
easttex's Avatar
 
FALaholic #: 20438
Join Date: Jul 2006
Location: Addison, Tx
Posts: 3,805
Retail in general is being crushed by the online giants like Amazon. The Internet has flattened prices on pretty much everything and retailers no longer able to hire employees with a "give-a-shit" attitude. I avoid places like the mall because there isn't much I can't order from a computer and have delivered these days.

I don't see all retailers dying off. There's a few, like clothing stores, that'll hang on because you'd really want to try the clothes on to make sure they fit first and you can't do that online. Other retailers like big-box DIY suppliers (Lowe's, Home Depot, etc.) also supply contractors and offer added-value like deliveries. But the run of the mill regular retailer like Sears has been marching towards the end of the run for a while. And they can only afford to bleed for so long...
__________________
Chance favors the prepared mind.

Molon labe
easttex is online now   Reply With Quote
Old December 16, 2017, 17:39   #4
meltblown
Registered
Bronze Contributor
 
FALaholic #: 34604
Join Date: Feb 2008
Location: SA Tx
Posts: 15,350
I remember back in the day when damn near everything you had came from Sears. Kenmore appliances, tools, clothes, toys, etc. It was a treat to go there before they had malls. Remember the candy and nut counter and having a dollar to get cashews and those jelly slices. You could spend hours looking through the catalog the month before Christmas dropping hints for what you wanted. It's ironic that their business model was unique for decades with the catalog sales and shipping to your home and a forerunner of the web shopping model.

It won't be long whenl you see Macys and others drop off the radar as well.
__________________
Giving people the benefit of the means it’s ok to screw you over.

Expect the worst, and you'll never be disappointed.

Before trying to beat the odds, make sure you can survive the odds beating you.
meltblown is online now   Reply With Quote
Old December 16, 2017, 18:31   #5
SWOHFAL
Registered
 
FALaholic #: 34346
Join Date: Feb 2008
Location: Kasich-free Zone
Posts: 19,463
Quote:
Originally Posted by easttex View Post
Retail in general is being crushed by the online giants like Amazon. The Internet has flattened prices on pretty much everything and retailers no longer able to hire employees with a "give-a-shit" attitude. I avoid places like the mall because there isn't much I can't order from a computer and have delivered these days.

I don't see all retailers dying off. There's a few, like clothing stores, that'll hang on because you'd really want to try the clothes on to make sure they fit first and you can't do that online. Other retailers like big-box DIY suppliers (Lowe's, Home Depot, etc.) also supply contractors and offer added-value like deliveries. But the run of the mill regular retailer like Sears has been marching towards the end of the run for a while. And they can only afford to bleed for so long...
Land's End, etc. all allow me to order and return as needed on the clothes. I haven't been to a mall in several years now and don't miss the fat cows with ugly bratty kids trying to jump in front of you at the register at Macy's or Kohl's.
__________________
Man is tormented by no greater anxiety than to find someone quickly to whom he can hand over that great gift of freedom with which the ill-fated creature is born.

- Fyodor Dostoevsky
SWOHFAL is offline   Reply With Quote
Old December 16, 2017, 18:33   #6
SWOHFAL
Registered
 
FALaholic #: 34346
Join Date: Feb 2008
Location: Kasich-free Zone
Posts: 19,463
Quote:
Originally Posted by meltblown View Post
I remember back in the day when damn near everything you had came from Sears. Kenmore appliances, tools, clothes, toys, etc. It was a treat to go there before they had malls. Remember the candy and nut counter and having a dollar to get cashews and those jelly slices. You could spend hours looking through the catalog the month before Christmas dropping hints for what you wanted. It's ironic that their business model was unique for decades with the catalog sales and shipping to your home and a forerunner of the web shopping model.

It won't be long whenl you see Macys and others drop off the radar as well.
The commies at Macy's and Kohl's deserve to go under - all major leftists who own and run them. Sen Herb Kohl was a major leftist turd, as is Gov. Dayton (Target) in MN.
__________________
Man is tormented by no greater anxiety than to find someone quickly to whom he can hand over that great gift of freedom with which the ill-fated creature is born.

- Fyodor Dostoevsky
SWOHFAL is offline   Reply With Quote
Old December 16, 2017, 18:39   #7
Exit308
Saxon/Celt
Silver Contributor
 
FALaholic #: 62143
Join Date: Dec 2010
Location: WA
Posts: 5,883
Quote:
Originally Posted by SWOHFAL View Post
Probably. The hedge fund guy who runs them and K-Mart is apparently a retailing moron and must have another angle on the whole thing and is prepared to reap something from their filing for bankruptcy and liquidation.
I think you're talking about Eddie Lampert. I still remember Jim Cramer expounding about what a genius Lampert was back in '04 or '05 when he was taking over those companies.
I think most of the value in those companies was in the Real Estate which he has probably 'harvested' by now.
He can now go banko and stiff everybody else.
Modern financial engineering at its best.
__________________
"Barbarism is the natural state of mankind. Civilization is unnatural. It is a whim of circumstance. And barbarism must always ultimately triumph." Robert E. Howard


The truth does not require your belief.

"Fracking involves a two-phase combustion process: the first phase burns borrowed money to produce oil and gas; the second burns the oil and the gas." Dmitri Orlov
Exit308 is online now   Reply With Quote
Old December 16, 2017, 18:48   #8
Bawana jim
Registered
 
FALaholic #: 17482
Join Date: May 2005
Location: west coast
Posts: 21,624
I quit going into Sears years ago when they demanded queers be allowed into the Boy Scouts.
Bawana jim is offline   Reply With Quote
Old December 16, 2017, 22:48   #9
badzero
Veteran Member
Silver Contributor
 
badzero's Avatar
 
FALaholic #: 65818
Join Date: Mar 2012
Location: Iowa
Posts: 1,383
I wonder if the management sees the irony of an original mail order company being bankrupted by online sales companies.
__________________
_____________________________________________

Everyone has a plan until they get punched in the mouth.

You can tell it's real because it looks so fake.
Elon Musk February 7, 2018
badzero is online now   Reply With Quote
Old December 16, 2017, 23:12   #10
D P Six
Registered
 
FALaholic #: 15219
Join Date: Aug 2004
Posts: 5,593
Just bought a multi year service contract on a Sears water softener ... that might not have been a good idea.
D P Six is online now   Reply With Quote
Old December 17, 2017, 00:55   #11
juanni
TROLL
 
FALaholic #: 2439
Join Date: Jan 2001
Location: up a creek in MT
Posts: 17,272
Quote:
Originally Posted by Exit308 View Post
I think you're talking about Eddie Lampert. I still remember Jim Cramer expounding about what a genius Lampert was back in '04 or '05 when he was taking over those companies.
I think most of the value in those companies was in the Real Estate which he has probably 'harvested' by now.
He can now go banko and stiff everybody else.
Modern financial engineering at its best.
Bullseye!!

Bill Bonner on Sears.
How Do You Destroy a Business?

Two hedge funds swooped in with a plan: They would use cheap financing to transform valuable Main Street real estate into a Wall Street asset. They set up a real estate investment trust (REIT), took the property out of the company, and put it in the REIT.
[Note: A REIT is similar to a mutual fund, except that it is composed of property instead of stock.]

Sears can go broke; they will still have the company’s most valuable assets. And now they can sell the REIT to investors.

And by the way, one of the two funds involved is run by a former college classmate and Goldman Sachs crony of Mnuchin’s, Eddie Lampert.

Stockman continues:

…the whole deal was a backdoor financing to get assets out of SHLD [Sears] prior to its impending bankruptcy. The hedge fund insiders will now have a secured senior claim through the newly created REIT, which they substantially own, rather than worthless SHLD common stock.

At least Steve Mnuchin can do Sears no more harm. Donald Trump picked him as his Treasury secretary.

http://bonnerandpartners.com/how-do-...oy-a-business/




.................juanni
__________________
Bawana jim; 'I was trying to get to the point he would realize that because of debt the world has improved.'
juanni is offline   Reply With Quote
Old December 17, 2017, 01:21   #12
SWOHFAL
Registered
 
FALaholic #: 34346
Join Date: Feb 2008
Location: Kasich-free Zone
Posts: 19,463
Quote:
Originally Posted by D P Six View Post
Just bought a multi year service contract on a Sears water softener ... that might not have been a good idea.
May be through a third-party. I'd look into canceling it if it isn't.
__________________
Man is tormented by no greater anxiety than to find someone quickly to whom he can hand over that great gift of freedom with which the ill-fated creature is born.

- Fyodor Dostoevsky
SWOHFAL is offline   Reply With Quote
Old January 06, 2018, 16:03   #13
juanni
TROLL
 
FALaholic #: 2439
Join Date: Jan 2001
Location: up a creek in MT
Posts: 17,272
Well Sears made it past the end of year bankruptcy, but they are closing 100 Sears and Kmart stores.

Sears is closing over 100 more stores
https://www.cnbc.com/2018/01/04/sear...re-stores.html


The slow death continues...........





................juanni
__________________
Bawana jim; 'I was trying to get to the point he would realize that because of debt the world has improved.'
juanni is offline   Reply With Quote
Old January 06, 2018, 20:54   #14
Mebsuta
Khemi, Stygia
Contributor
 
Mebsuta's Avatar
 
FALaholic #: 4143
Join Date: Sep 2001
Location: Khemi, Stygia
Posts: 10,845
It happens. There's nothing funny or smiley about it.

Someday, somebody clever will outsmart 3b4y, 4m4z0n and utub3.
__________________
Hai
Mebsuta is offline   Reply With Quote
Old January 06, 2018, 22:25   #15
Texgunner
long-time Texas taxpayer
Silver Contributor
 
Texgunner's Avatar
 
FALaholic #: 4653
Join Date: Nov 2001
Location: Brokenoak in central Texas-Milam county
Posts: 8,713
About 10 years ago, I had a principal who showed the faculty a short video. It portrayed a time in the not so distant future in which all retail buying went through Amazon, and all higher education was conducted through Google University. At it's conclusion, he asked what we thought about it. I said that it seemed pretty farfetched to me, and scary too. Now, I start to wonder.

South of Dallas, in Hillsboro, there was a huge outlet mall for years. A couple years ago, we pulled into to buy some baby present at one of the few remaining stores. I mean the damned place looked like a ghost town. All it needed was a few tumbleweeds blowing though the parking lot.

There sure could be another reason for the drastic change, but I suspect the hand of Amazon and its ilk. These are hard times in the retail game in the Amazon Era. And I suspect we're just getting started. Can Google U. be that far behind?
__________________
"The rock of democracy will founder when people think of people unlike themselves as the "other"-Teddy Roosevelt

My daddy was a cowboy in his younger days, wild as the west Texas wind. He once told me, "Son, death is a horse you got to ride. So you better get your saddle ready."-Mick "Pappy" Connors

heavily armed, easily pissed.
Texgunner is online now   Reply With Quote
Old January 06, 2018, 22:29   #16
VALMET
Curio & Relic
Bronze Contributor
 
VALMET's Avatar
 
FALaholic #: 1826
Join Date: Dec 2000
Location: Richmond, Virginia
Posts: 2,974
I feel like Sears and KMart have been declaring bankruptcy since like 2008.
__________________
"That rifle on the wall of the labourer's cottage or working class flat is a symbol of democracy. It is our job to see that it stays there." -George Orwell, 1940.

"Dammit Smithers this is brain surgery, not rocket science. Now hand me that ice-cream scoop!” -C. Montgomery Burns
VALMET is offline   Reply With Quote
Old January 09, 2018, 10:08   #17
clodhopper
Registered
 
FALaholic #: 65715
Join Date: Feb 2012
Location: Out on the Plains, Colorado
Posts: 440
Quote:
Originally Posted by meltblown View Post
I remember back in the day when damn near everything you had came from Sears. Kenmore appliances, tools, clothes, toys, etc. It was a treat to go there before they had malls. Remember the candy and nut counter and having a dollar to get cashews and those jelly slices. You could spend hours looking through the catalog the month before Christmas dropping hints for what you wanted. It's ironic that their business model was unique for decades with the catalog sales and shipping to your home and a forerunner of the web shopping model.

It won't be long whenl you see Macys and others drop off the radar as well.
And at that time there were people lamenting how the big evil Sears was pushing the little local ma & pop stores out of business. Then the malls. Then Walmart. Now Amazon.

Gotta hate the now and reminisce about the past. Everybody does it.
clodhopper is online now   Reply With Quote
Old January 10, 2018, 01:44   #18
Black Blade
Registered
 
FALaholic #: 76490
Join Date: Sep 2015
Location: Springville/USA
Posts: 1,718
I would say that Sears in finished ... they are screwing their customers

Our two-year-old Kenmore (Sear's) refrigerator quit working. We had a repair man look it over and said that the parts are LG and no longer made. Well, thankfully it is winter and we have a spare refrigerator in the garage. We placed the food items in the outside refrigerator and the freezer and some in coolers in the garage were it's below freezing. Good to keep old appliances as spares just in case.

After running around with Sears (we have the 10 year warranty) they say they have no one in our area and refuse to honor the warranty. Of course sears is effectively bankrupt anyway and are closing more stores today no less. So now we handed off to the lawyer to deal with it. One thing is certain tho. No more purchases from Sear's or Kmart ... ever. They are really no longer in business as far as I am concerned. One repairman says he may be able to get a LG compressor but not sure. May even cost as much as a new refrigerator anyway.

Moral of the story ... keep your old appliances as back ups "just in case".
__________________
Black Blade is online now   Reply With Quote
Old January 10, 2018, 08:54   #19
Texgunner
long-time Texas taxpayer
Silver Contributor
 
Texgunner's Avatar
 
FALaholic #: 4653
Join Date: Nov 2001
Location: Brokenoak in central Texas-Milam county
Posts: 8,713
Back in '09, we did a major kitchen redo. We bought all Whirlpool appliances; gas range, fridge, microwave/venthood and dishwasher along with a washer and dryer. Whirlpool is an old name right? Always made good stuff. Haha. All but the washer and dryer were crap. The refrigerator has ice and water in the door. Big no-no. It is impossible to keep it working right. Never get that feature again.

Local independent repair guy says all the brands buy their parts from the same suppliers in China and they are all crap. Basically, disposable appliances. I asked about Maytag; my wife's grandmother owned a coin-laundry and knew a thing or two about washers. She swore by Maytag. Today, she would swear at them he said. Same crap as all the others...
__________________
"The rock of democracy will founder when people think of people unlike themselves as the "other"-Teddy Roosevelt

My daddy was a cowboy in his younger days, wild as the west Texas wind. He once told me, "Son, death is a horse you got to ride. So you better get your saddle ready."-Mick "Pappy" Connors

heavily armed, easily pissed.
Texgunner is online now   Reply With Quote
Old January 10, 2018, 13:00   #20
juanni
TROLL
 
FALaholic #: 2439
Join Date: Jan 2001
Location: up a creek in MT
Posts: 17,272
Well talk of bankruptcy is back.

Bankruptcy Looms As Sears Warns "Will Consider All Options" If New Financing Process Fails

Sears Holdings, the one-time giant retailer that has been teetering on the edge of bankruptcy for years now, announced this morning that, following yet another disappointing holiday season (shocking), they've initiated new discussions with lenders aimed at renegotiating terms on some $1 billion of "non-first lien debt."


https://www.zerohedge.com/news/2018-...ancing-process





................juanni
__________________
Bawana jim; 'I was trying to get to the point he would realize that because of debt the world has improved.'
juanni is offline   Reply With Quote
Old January 10, 2018, 13:52   #21
NFADLR
Registered
 
NFADLR's Avatar
 
FALaholic #: 7480
Join Date: Sep 2002
Location: Location thats the question ¯\_(ツ)_/¯
Posts: 5,554
It's really too bad as back in the old days my great grand pappy bought a Thompson 1923 sub machine gun from the Chicago sears and robuck store, without any background check or even showing any ID just cash and carry.

It was in his estate willed to my grand father back in the 1940's
NFADLR is online now   Reply With Quote
Old January 10, 2018, 17:40   #22
D P Six
Registered
 
FALaholic #: 15219
Join Date: Aug 2004
Posts: 5,593
Quote:
Originally Posted by NFADLR View Post
It's really too bad as back in the old days my great grand pappy bought a Thompson 1923 sub machine gun from the Chicago sears and robuck store, without any background check or even showing any ID just cash and carry.

It was in his estate willed to my grand father back in the 1940's

Wow! And I thought it was neat when I was fourteen to have called up Macy's (or was it Gimbels) and had a Marlin 39A delivered to the house.
D P Six is online now   Reply With Quote
Old January 10, 2018, 22:39   #23
johnnycobra
Registered
Bronze Contributor
 
FALaholic #: 26209
Join Date: Feb 2007
Posts: 670
Quote:
Originally Posted by Texgunner View Post
Back in '09, we did a major kitchen redo. We bought all Whirlpool appliances; gas range, fridge, microwave/venthood and dishwasher along with a washer and dryer. Whirlpool is an old name right? Always made good stuff. Haha. All but the washer and dryer were crap. The refrigerator has ice and water in the door. Big no-no. It is impossible to keep it working right. Never get that feature again.

Local independent repair guy says all the brands buy their parts from the same suppliers in China and they are all crap. Basically, disposable appliances. I asked about Maytag; my wife's grandmother owned a coin-laundry and knew a thing or two about washers. She swore by Maytag. Today, she would swear at them he said. Same crap as all the others...
We looked to replace our 17 year old whirlpool fridge recently. Looking at them and doing some research, maytag is the same fridge as whirlpool with a better compressor warranty and some cosmetic improvements. Kitchen Aid is a cosmetic and material upgrade from Maytag. Same general design and most components shared across the three. Kitchen Aid is a maytag with a different icemaker configuration and an option for a fancy interior. There is some overlap in each line. A high end whirlpool is similar to a maytag. A low end kitchen aid is nearly the same as a maytag.

I repaired our old whirlpool.
johnnycobra is online now   Reply With Quote
Old January 11, 2018, 11:18   #24
justashooter
Registered
 
FALaholic #: 5967
Join Date: Mar 2002
Location: york, pa.
Posts: 9,114
Sears and Roebuck were telegraph operators at train stations in the American mid-west who started their business by selling off an unclaimed crate of pocket-watches, and eventually developed a catalog business aimed at prairie dwellers. opportunities maximized do not remain static in a developing marketplace.
__________________
If the concept of heading on down to the local Home Depot and transforming $100 worth of random pipe bits into a killing machine doesn’t appeal to you, you’re a frikkin' pansy. Also, you’re probably sane and will live significantly longer than I will.

Nonetheless you disgust me, and I take comfort in the knowledge that your obituary will be nowhere near as humorous as mine.


The next time I hear "THE RANGE IS NOW HOT", it just wont be the same.

Max tried another question. "What sort of people live about here?"
"In THAT direction," the Jin said, waving its right paw round, "lives a Han: And in THAT direction," waving the other paw, "lives a Ming Hare. Visit either you like: they're both mad."
"But I don't want to go among mad people," Max remarked.
"Oh, you can't help that," said the Jin: "we're all mad here. I'm mad. You're mad."
"How do you know I'm mad?" said Max.
"You must be," said the Jin, "or you wouldn't have come here."
justashooter is online now   Reply With Quote
Old January 11, 2018, 11:37   #25
NFADLR
Registered
 
NFADLR's Avatar
 
FALaholic #: 7480
Join Date: Sep 2002
Location: Location thats the question ¯\_(ツ)_/¯
Posts: 5,554
Well it was but you have to realize that this was in the time of the bonnie and Clyde etc before all federal firearms laws so it was legal and get this..


This is a story that had gone around the thanksgiving table for the last 50 something and most likely longer than that...

Great grandmother pitched a bitch as my ggf needed a new plow for the tractor and to afford this toy he kept using the old warn out plow shares for another 2-3 years..

Beyond that the tale around the dining room table was why did he need this gun, what purpose did it really serve she wanted to know...

Possibly the start of liberalism in my family way way back....

Quote:
Originally Posted by D P Six View Post
Wow! And I thought it was neat when I was fourteen to have called up Macy's (or was it Gimbels) and had a Marlin 39A delivered to the house.
NFADLR is online now   Reply With Quote
Old January 11, 2018, 11:50   #26
Texgunner
long-time Texas taxpayer
Silver Contributor
 
Texgunner's Avatar
 
FALaholic #: 4653
Join Date: Nov 2001
Location: Brokenoak in central Texas-Milam county
Posts: 8,713
Well, there was this:



Ahhh, the good ol' days...
__________________
"The rock of democracy will founder when people think of people unlike themselves as the "other"-Teddy Roosevelt

My daddy was a cowboy in his younger days, wild as the west Texas wind. He once told me, "Son, death is a horse you got to ride. So you better get your saddle ready."-Mick "Pappy" Connors

heavily armed, easily pissed.
Texgunner is online now   Reply With Quote
Old January 11, 2018, 22:21   #27
Black Blade
Registered
 
FALaholic #: 76490
Join Date: Sep 2015
Location: Springville/USA
Posts: 1,718
I used to be a somewhat loyal Sear's customer for several years. That ended of course but they really brought their own demise upon themselves and now they seem intent on gutting the company in a "scorched earth policy" by turning on the very customers they need if the company were to actually survive. Given how they are now and how they treat customers it is apparent that they have already made the decision to file Chapter 7 and liquidate. Just a matter of time as they sell properties (real estate), liquidate merchandise and stiff suppliers.

The big malls are dead or dying and an expense when successful retailers are going to online sales and competitive pricing on shipping. Sears missed the boat and refused to adapt. Even Wally World is expanding online (I have done some buying off that site as well). Dinosaurs like Sears are toast however.
__________________
Black Blade is online now   Reply With Quote
Old January 14, 2018, 11:32   #28
gunners
Member
Silver Contributor
 
FALaholic #: 55824
Join Date: Aug 2010
Location: Seattle, Washington
Posts: 324
Only for old gray haired men. Remember when you were 6-7-8-ish and you were planning that mini-bike and or go-cart from deep inside the catalog? This is before any of your buddies had a Honda 50 or 70 - no jap bikes - maybe one those brand spanking new Hodaka's! Sitting cross legged on the floor with the big catalog in your lap thinking now let's see what around here can I liberate a Brigg's and Stratton from...

Last edited by gunners; January 14, 2018 at 11:46.
gunners is online now   Reply With Quote
Old January 14, 2018, 12:22   #29
Texgunner
long-time Texas taxpayer
Silver Contributor
 
Texgunner's Avatar
 
FALaholic #: 4653
Join Date: Nov 2001
Location: Brokenoak in central Texas-Milam county
Posts: 8,713
My first motorcycle came from Montgomery-Wards. It was a 50cc bike made by Benelli. Man, I looked at that thing for months in the Wards catalog. I was twelve years old. It actually looked like a motorcycle, unlike the "step-through" bikes some of my classmates had. One late afternoon in the fall of 1965, after dark really, a Wards bobtail truck backed up our dirt driveway and unloaded that "Riverside SS-450". I remembered having to be made to come in from the garage that night. That little motorcycle went to Australia with us the next spring. This is me on it, in our backyard in Geelong, Victoria. Check those bad-ass mocs!

__________________
"The rock of democracy will founder when people think of people unlike themselves as the "other"-Teddy Roosevelt

My daddy was a cowboy in his younger days, wild as the west Texas wind. He once told me, "Son, death is a horse you got to ride. So you better get your saddle ready."-Mick "Pappy" Connors

heavily armed, easily pissed.

Last edited by Texgunner; January 15, 2018 at 08:48.
Texgunner is online now   Reply With Quote
Old January 14, 2018, 16:19   #30
gman
Registered
 
FALaholic #: 1176
Join Date: Sep 2000
Location: The Great Frozen North
Posts: 3,311
My first mini-bike was a 3 1/2 hp through Sears and Roebuck. It was $99.95 in the catalog and $118.00 when delivered. My dad was impressed I saved $100 through my work and allowance that he took the delivery. This was 1972. He paid me $2.00 per week working on our farm. I worked after school, sometimes before school, and on weekends. I go onto eBay and can still find that bike.

We outfitted a hog farm, at our height rated in the top 10% producers in North Carolina, from augers, feeders, waterers, and a hammermill grinder for grain using the Sears and Roebuck Farm Catalog. This stuff wasn't cheapo Chinese shit, that hammermill was rated 75hp direct drive. My dad got a deal on a 40hp induction-repulsion motor (cool as all hell to hear it spool up), which he halved the 3600rpm using pulleys to get the rpm correct for the mill. It would bog sometimes, but we didn't have the money for a 75hp motor.

Grain silos, grain dryers, everything was there. And if you needed help, you could call someone in Chicago that knew the equipment you were looking at.
__________________
********************************
You can piddle with the puppies, or run with the wolves...

Better living through chemistry.
gman is offline   Reply With Quote
Old January 14, 2018, 22:16   #31
Exit308
Saxon/Celt
Silver Contributor
 
FALaholic #: 62143
Join Date: Dec 2010
Location: WA
Posts: 5,883
Quote:
Originally Posted by gman View Post
My first mini-bike was a 3 1/2 hp through Sears and Roebuck. It was $99.95 in the catalog and $118.00 when delivered. My dad was impressed I saved $100 through my work and allowance that he took the delivery. This was 1972. He paid me $2.00 per week working on our farm. I worked after school, sometimes before school, and on weekends. I go onto eBay and can still find that bike.

We outfitted a hog farm, at our height rated in the top 10% producers in North Carolina, from augers, feeders, waterers, and a hammermill grinder for grain using the Sears and Roebuck Farm Catalog. This stuff wasn't cheapo Chinese shit, that hammermill was rated 75hp direct drive. My dad got a deal on a 40hp induction-repulsion motor (cool as all hell to hear it spool up), which he halved the 3600rpm using pulleys to get the rpm correct for the mill. It would bog sometimes, but we didn't have the money for a 75hp motor.

Grain silos, grain dryers, everything was there. And if you needed help, you could call someone in Chicago that knew the equipment you were looking at.
Ahhhh, the good old days.
I'm afraid those days are far behind us now, Gman.
__________________
"Barbarism is the natural state of mankind. Civilization is unnatural. It is a whim of circumstance. And barbarism must always ultimately triumph." Robert E. Howard


The truth does not require your belief.

"Fracking involves a two-phase combustion process: the first phase burns borrowed money to produce oil and gas; the second burns the oil and the gas." Dmitri Orlov
Exit308 is online now   Reply With Quote
Old January 15, 2018, 18:16   #32
spider991
Registered
Bronze Contributor
 
FALaholic #: 35820
Join Date: May 2008
Location: Ohio
Posts: 1,894
I was always a loyal sears craftsman guy, but with all them made in China now......no thanks, I break a nice American made tool and return it for some Chinese junk....pass
spider991 is online now   Reply With Quote
Old January 15, 2018, 20:14   #33
ftierson
Registered
 
FALaholic #: 13827
Join Date: Mar 2004
Location: Colorado Springs, CO
Posts: 15,988
I bought my first rifle, a Swedish Mauser M94 Carbine, from a Montgomery Ward store.

If things keep going like now, they'll probably be declaring bankruptcy soon too...

Oh, wait...

Forrest
ftierson is offline   Reply With Quote
Old January 08, 2019, 13:57   #34
juanni
TROLL
 
FALaholic #: 2439
Join Date: Jan 2001
Location: up a creek in MT
Posts: 17,272
Well what do you know 2018 was the year Sears filed for bankruptcy.

Looks likely they will liquidate rather than emerge from bankruptcy after shedding debt.



................juanni
__________________
Bawana jim; 'I was trying to get to the point he would realize that because of debt the world has improved.'
juanni is offline   Reply With Quote
Old January 08, 2019, 14:11   #35
NFADLR
Registered
 
NFADLR's Avatar
 
FALaholic #: 7480
Join Date: Sep 2002
Location: Location thats the question ¯\_(ツ)_/¯
Posts: 5,554
Thanks J this thread really reminds me of how I hate this time in life.

If anybody needs to talk to me I'll me in my time machine in a loop going from 1940 to 1970.

I was much happier in that time scape.
NFADLR is online now   Reply With Quote
Old January 08, 2019, 17:00   #36
hagar
Registered
 
hagar's Avatar
 
FALaholic #: 228
Join Date: Jul 2000
Location: Columbia, SC
Posts: 10,066
Me thinks it is more than just being put out of business by the mail order/internet companies.

People don't want to go to the mall anymore because of criminals, drug addicts and gang members hanging out there.

When I moved to the US in 1984, I LOVED going to the mall. It was warm there in winter, and cool in summer, with plenty of goodies to eat or drink, and awesome females to watch. And more often than not, I wandered through Sears or Penney's and bought stuff from them.

Nowadays I only go to the mall to play bodyguard for my wife because she is afraid she will get robbed or attacked.

Movie theaters will go the same way. Same reason public transportation will never be cost effective.
hagar is online now   Reply With Quote
Old January 08, 2019, 21:13   #37
Mebsuta
Khemi, Stygia
Contributor
 
Mebsuta's Avatar
 
FALaholic #: 4143
Join Date: Sep 2001
Location: Khemi, Stygia
Posts: 10,845
Quote:
Originally Posted by hagar View Post
I LOVED going to the mall. It was warm there in winter, and cool in summer, with plenty of goodies to eat or drink, and awesome females to watch. And more often than not, I wandered through Sears or Penney's and bought stuff from them.
Tambien.

All gone now.
__________________
Hai
Mebsuta is offline   Reply With Quote
Old January 08, 2019, 21:21   #38
meltblown
Registered
Bronze Contributor
 
FALaholic #: 34604
Join Date: Feb 2008
Location: SA Tx
Posts: 15,350
Outlet in town has craftsman 35% off. Close the doors on Feb 2. I think I'll check back and try to strip the corpse of tool set for the car.
__________________
Giving people the benefit of the means it’s ok to screw you over.

Expect the worst, and you'll never be disappointed.

Before trying to beat the odds, make sure you can survive the odds beating you.
meltblown is online now   Reply With Quote
Old January 08, 2019, 22:28   #39
Jaxxas
Don't Tread On Me!
Bronze Contributor
 
Jaxxas's Avatar
 
FALaholic #: 34933
Join Date: Mar 2008
Location: Arizona
Posts: 6,238
Interesting to note that Sears was the original mail order business. If only they had stuck to their roots.....


YMMV
__________________
“I'm not sure what part of the internet sent you to us, but I expect it had something to do with gravity. You have not reached your point of equilibrium." W.E.G.

A golf course is a complete waste of a good rifle range. Jarhead
Jaxxas is offline   Reply With Quote
Old January 08, 2019, 23:44   #40
Black Blade
Registered
 
FALaholic #: 76490
Join Date: Sep 2015
Location: Springville/USA
Posts: 1,718
Drive a stake through the heart already!
__________________
Black Blade is online now   Reply With Quote
Old January 09, 2019, 01:05   #41
Right Side Up
Registered
 
Right Side Up's Avatar
 
FALaholic #: 43
Join Date: Jul 2000
Location: Texas
Posts: 7,778
Quote:
Originally Posted by Jaxxas View Post
Interesting to note that Sears was the original mail order business. If only they had stuck to their roots.....


YMMV
So true.
Right Side Up is online now   Reply With Quote
Old January 09, 2019, 09:46   #42
Texgunner
long-time Texas taxpayer
Silver Contributor
 
Texgunner's Avatar
 
FALaholic #: 4653
Join Date: Nov 2001
Location: Brokenoak in central Texas-Milam county
Posts: 8,713
It was that mail order aspect that made Sears popular at my dad's sister's place. Aunt Betty and her brood lived at the end of a runway of Dyess Air Force Base near Abilene, Texas. Their toilet was a corner of the old barn out back. The paper was a Sears catalog.

Let's see you use your internet like that!
__________________
"The rock of democracy will founder when people think of people unlike themselves as the "other"-Teddy Roosevelt

My daddy was a cowboy in his younger days, wild as the west Texas wind. He once told me, "Son, death is a horse you got to ride. So you better get your saddle ready."-Mick "Pappy" Connors

heavily armed, easily pissed.
Texgunner is online now   Reply With Quote
Old January 09, 2019, 11:35   #43
J. Armstrong
Minister of Amusement
Platinum Contributor
 
FALaholic #: 13629
Join Date: Feb 2004
Location: Montgomery County, PA
Posts: 15,228
Quote:
Originally Posted by NFADLR View Post
Thanks J this thread really reminds me of how I hate this time in life.

If anybody needs to talk to me I'll me in my time machine in a loop going from 1940 to 1970.

I was much happier in that time scape.
I have often said how glad I am that I grew up when I did. Maybe every generation says that, I don't know.
__________________
"The ultimate result of shielding men from the effects of folly is to fill the world with fools" Herbert Spenser

“I respect the government only in the sense that I respect any other dangerous predator who views me as food.”

“The consolidation of the states into one vast empire, sure to be aggressive abroad and despotic at home, will be the certain precursor of ruin which has overwhelmed all that preceded it.” Robert E. Lee
J. Armstrong is online now   Reply With Quote
Old January 10, 2019, 09:46   #44
Tak
Registered
 
FALaholic #: 27291
Join Date: Mar 2007
Location: United States, Georgia
Posts: 2,298
Was a good customer for a long time but their auto center screwed up (badly rounded and cross threaded) a lug nut on my truck when I took it there for some work and refused to own up to it or fix it. Had to go somewhere else and pay to get it fixed and then fought with Sears corporate for 2 month to get them to pay that bill for me.

Lost me as a customer ever since then. In a competitive age where customer retention is key to survival, they screwed the pooch.
Tak is offline   Reply With Quote
Old January 10, 2019, 18:19   #45
ncjeeper
Registered
 
FALaholic #: 65663
Join Date: Feb 2012
Location: SW Virginia
Posts: 697
They lost me as a customer back in 2002. Drove across town to the ghetto mall on a Sunday to exchange a broken Craftsman 3/8's swivel. They didn't have another one and the sales person was worthless. I started buying Snap on from then on.
__________________
If you cant fix it with a hammer it must be an electrical problem!
ncjeeper is online now   Reply With Quote
Old January 11, 2019, 11:46   #46
SWOHFAL
Registered
 
FALaholic #: 34346
Join Date: Feb 2008
Location: Kasich-free Zone
Posts: 19,463
https://theweek.com/articles/816891/...-now-wants-fix
__________________
Man is tormented by no greater anxiety than to find someone quickly to whom he can hand over that great gift of freedom with which the ill-fated creature is born.

- Fyodor Dostoevsky
SWOHFAL is offline   Reply With Quote
Old April 20, 2019, 13:01   #47
Exit308
Saxon/Celt
Silver Contributor
 
FALaholic #: 62143
Join Date: Dec 2010
Location: WA
Posts: 5,883
Here is an article laying out the lawsuit against Lampert, Mnuchin and the other parties involved in the alleged asset stripping of Sears, if you're interested.

https://wolfstreet.com/2019/04/18/cu...-transactions/
__________________
"Barbarism is the natural state of mankind. Civilization is unnatural. It is a whim of circumstance. And barbarism must always ultimately triumph." Robert E. Howard


The truth does not require your belief.

"Fracking involves a two-phase combustion process: the first phase burns borrowed money to produce oil and gas; the second burns the oil and the gas." Dmitri Orlov
Exit308 is online now   Reply With Quote
Old April 21, 2019, 06:54   #48
Whydah
Registered
 
FALaholic #: 74237
Join Date: Jun 2014
Location: Mid-Atlantic Region
Posts: 1,460
Sears once had a large store in my hometown. As a kid I would ride my bike over to buy a block of milk chocolate for 5 cents. They always had a ham cooking on a rotisserie grill, as advertisement for their grills, that would be sliced and served in their sandwich shop and it smelled wonderful throughout the store. All the sporting goods had the name of Ted Williams, even the guns, which were themselves made by well-know manufacturers but with the Sears name. I always lusted after the motor bikes they sold and had on display. They moved into the newly built mall as one of the anchor stores, including a full-service garage. (The old building is now a public library.) I only bought Craftsman tools there due to the perceived quality and lifetime warranty on the hand tools. But I noticed how the quality began to slip once more and more of their tools were imported from China. Now I see Craftsman tools being sold at Lowe's. (Now I buy mostly Kobalt. Plus, Lowe's gives a 10% discount to vets) Sears moved again to a much smaller storefront in a strip mall once the financial troubles began. Now its gone, as is the K-Mart that has once been a staple of retail with its own sporting goods dept. and cafeteria. All history, now!
Whydah is online now   Reply With Quote
Old April 21, 2019, 07:50   #49
base704
Vampire Pilot
Contributor
 
base704's Avatar
 
FALaholic #: 14321
Join Date: May 2004
Location: US
Posts: 990
Lowe's Home Improvement stores are carrying the Craftsman brand around here (NC) these days.
Not sure about the hand tools (although likely), but definitely the roll away tool boxes.
__________________
"We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force."
-Ayn Rand, "The Nature of Government"
base704 is offline   Reply With Quote
Old April 21, 2019, 08:09   #50
HelpiFALanCantGetUp
Registered
 
FALaholic #: 66011
Join Date: Apr 2012
Location: Philadelphia
Posts: 317
Quote:
Originally Posted by easttex View Post
Retail in general is being crushed by the online giants like Amazon. The Internet has flattened prices on pretty much everything and retailers no longer able to hire employees with a "give-a-shit" attitude. I avoid places like the mall because there isn't much I can't order from a computer and have delivered these days.

I don't see all retailers dying off. There's a few, like clothing stores, that'll hang on because you'd really want to try the clothes on to make sure they fit first and you can't do that online. Other retailers like big-box DIY suppliers (Lowe's, Home Depot, etc.) also supply contractors and offer added-value like deliveries. But the run of the mill regular retailer like Sears has been marching towards the end of the run for a while. And they can only afford to bleed for so long...
yeah but you can order 5 pairs of jeans online and return the ones that dont fit for free.
HelpiFALanCantGetUp is online now   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 20:15.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
©1998-2018 The FAL Files