Sears Canada seeks to close 12,000 positions, possibly liquidating next week
 

written in the stone for years now

end of an era...at its peak was the namesake to the tallest building in the world for almost 25 years

Sears Canada wants court's permission to liquidate all remaining stores - Business - CBC News

Growing up during the mall boom, it's hard to accept the closure of another department chain but it's inevitable with the sharp change in shopping habits.

Here's an interesting perspective (American) on the sudden closures of department stores.

https://www.theatlantic.com/business...f-2017/522384/

And here's a list of defunct retailers in the US (some could apply to Canada)

https://en.wikipedia.org/wiki/List_o..._United_States

Have to wonder if The Bay will be next on the block

that's sad but when we gonna see 50% off on Dyson products? :troll:

The Bay has been moving up-market for some time. They seem safe for now, though I wouldn't be surprised if they occupy less stores in 10 years and move to a destination store model.

Liquidation sales are actually shittier sales for the savvy consumer as deep discounts don't happen until the end of the liquidation period. By the time you actually get a deal better than a regular sale price, most inventory is gone.

The bay seems to be really well for the past several years. They change thier fashion in terms of clothing to more of a younger/mature crowd. Also their bay day sales is pretty good (espeically when they have Levis jeans on sale for $34.99 a pair).

True, they've adapted well.
They do have good sales every now and then but for the most part, i still find some of their stuff overpriced.

Tapioca's right though...less stores and smaller stores might be in the long term strategy to stay competitive.

gotta play that game...target had shit sales at the first part of their liquidation, and even towards the end their final items sales weren't that good

Given how they haven't changed their business model in forever I'm not surprised.

Sears could have been Amazon as they had the infrastructure for making the transition to online shopping: trusted name and a robust catalog business with pick up points all across the country.

Rumour has it that Ikea has been trying to acquire the rights to sell Kenmore-branded appliances in their stores. The Sears appliance division is the only draw for people under the age of 40.

When you fail to change, the change will fail you instead.

https://www.dailydot.com/wp-content/...b606c49546.jpg

I don't even understand the draw for the "Kenmore" name.

All their major appliances have been rebadged units from other manufacturers ie: Amana, Whirlpool, GE etc. for a while now.

They used to be top notch like Craftsman. Of course, that's in the past, but they still have name brand appeal.

^ I know, but I know better.
I feel like there should be more public awareness campaigns that name brands these days usually don't mean shit.

I keep hearing news about it dying, but it's dying a very slow death lol

From my understanding for the last while at least the washers and dryers have been rebadged Samsungs, which personally I'd avoid since I learned in another thread on here that Samsung doesn't release any of the information needed to repair their units.

The bay stores are slowly deteriorating and looking dated. Paying expensive leases and sitting on expensive real estate, them and every large big box stores are on the chopping block.

Dont even need to go out no more. I can order everything online and read the reviews in my underwear while avoiding traffic, parking and crowds.

this means the end of the Christmas wish book?...i always laughed at people getting them and never understood because everything is digital now in 2000's...it was a big thing in the 90s cause rarely they didnt have every toy in a book.

Nah. People still like the social aspect for shopping. Most people are social animals, they have the desire to still go shop for shoes or clothing or jewelry. Look at Amazon, they started online but now are strategically going brick-and-mortar.

The big thing moving forward is omnichannel, where customers can seamlessly transition between web, app, and physical stores for their shopping needs.

Kenmore uses different manufacturers for the same type of appliance. Kenmore contracts Whirlpool Corporation to make its fridges in its mainline, but Kenmore Elite fridges are actually LG units.

Looks like the Ontario Superior Court has approved the liquidation application. It's officially done.

Have you been to the flagship Bay downtown? Its a far cry from the dilapidated mess of the suburban locations. This is where department store retail is heading: flagship stores in downtowns with suburban pick up locations and e-commerce to fill in the gaps.

People still like shopping in stores, but at destination locations like downtowns. It's why stores, like Nordstrom and Holt, have spent money on restaurants and cafes in stores.

So whens the best time to go in and check out whats left without everything being gone? :fullofwin:

I love the wishbook. It's kind of like trying to go through the Canadian Tire flyer online vs the paper copy. It's painful.


Really, I only ever did this when bored at my Grandparents house... with no internet to be found.

probably timed just right sometime middle of the sale

i don't expect anything to hit good deal levels the first few weeks

I went into the Sears Home here last night and some stuff was listed quite cheap, I'm not sure if those were from an existing sale or not though.

I'm sure I can find something of use when I'm there. What's good usually? I'm thinking like maybe some pillows or something