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TexasBushwhacker

(20,165 posts)

38. They became dumps when Lampert took over

Tue Jan 8, 2019, 08:33 PM

Jan 2019

He loaded them up with unsustainable debt but spent nothing upgrading the stores. The last time I went in one was in 2005 and I remember thinking "What the hell happened?" I worked at Joskes/Dillards for 13 years in the 70s and 80s. I could have done a better job running Sears than Lampert did.

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Sears plans to shutter after 126 years in business as Chairman Eddie Lampert's bid fails [View all] brooklynite Jan 2019 OP

Mongomery Wards, Sears, and I suspect JC Penney is cllose to the same situation. No doubt from still_one Jan 2019 #1

Best Buy exboyfil Jan 2019 #9

I agree with your assessment still_one Jan 2019 #17

Pennys fucked up when they tried EDLP TexasBushwhacker Jan 2019 #37

Another one for Wikipedia's "List of defunct department stores of the United States" page... Dennis Donovan Jan 2019 #13

Macy's has bought out a lot of competition of the years. crazytown Jan 2019 #35

I was surprised to see a smaller footprint Sears store reopen recently near me at a local mall. Freethinker65 Jan 2019 #2

Sears began its decline when they gave up the Green Script Neon Signage. madaboutharry Jan 2019 #3

It's decline started when Lampert took over Perseus Jan 2019 #5

This will make steam come out of your ears then Woodycall Jan 2019 #7

yup mikeysnot Jan 2019 #10

Thx, good article njhoneybadger Jan 2019 #19

Good reason to end these vulture entities and MarcA Jan 2019 #33

Yes, I blame him entirely. LisaM Jan 2019 #28

Eliminating the catalogue didn't help. muntrv Jan 2019 #16

The catalogue wasn't needed as much once we got indoor plumbing. Cold War Spook Jan 2019 #27

Ah, before Charmin, Cottonelle. muntrv Jan 2019 #31

I know all the reasons, but this just makes me.... hlthe2b Jan 2019 #4

It's kinda sad to see the empty buildings Rorey Jan 2019 #6

I think ours lasted as long as it did exboyfil Jan 2019 #11

I've been fond of Sears since I was a kid, but... Girard442 Jan 2019 #14

They became dumps when Lampert took over TexasBushwhacker Jan 2019 #38

I'm suspicious Lampert only made the offer so he wouldn't be remembered as the guy who killed Sears. Gidney N Cloyd Jan 2019 #8

25 million executive package compensation was mikeysnot Jan 2019 #12

It's about time. Sears has been dead for a while. Honeycombe8 Jan 2019 #15

I brought a new mattress there last week kimbutgar Jan 2019 #18

Local mall here has now lost Younkers and Sears hibbing Jan 2019 #20

we bought all our household appliances at Sears. I used to by all my tools there as well... Javaman Jan 2019 #21

No plain stupidity CountAllVotes Jan 2019 #22

It's Sears' own fault obamanut2012 Jan 2019 #23

This is the end of an almost 20 year decline jgmiller Jan 2019 #24

This is what Walmart and Amazon have done to America FakeNoose Jan 2019 #25

Another hedge fund takes down an American Institution. Power 2 the People Jan 2019 #26

I'm not surprised cannabis_flower Jan 2019 #29

from my limited knowledge, it sounds like Lampert tried to steal the whole company paulkienitz Jan 2019 #30

small regional department stores can still do well paulkienitz Jan 2019 #32

I love McCaulou's! TheCatQueen Jan 2019 #36

So, Eddy, the right thing to do now dickthegrouch Jan 2019 #34