[twitchyzero]

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 (http://www.cbc.ca/beta/news/business/sears-liquidation-court-1.4347765)

[GS8]

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/archive/2017/04/retail-meltdown-of-2017/522384/

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

https://en.wikipedia.org/wiki/List_of_defunct_retailers_of_the_United_States

[6o4__boi]

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

[twitchyzero]

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

[Tapioca]

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

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.

[Mr.HappySilp]

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

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).

[6o4__boi]

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

[underscore]

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

[Tapioca]

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.

[ZN6]

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

https://www.dailydot.com/wp-content/uploads/48b/c4/8d0c04b606c49546.jpg

[Great68]

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.

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.

[Jmac]

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

[Great68]

^ 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

[underscore]

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.

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.

[Ludepower]

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

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.

[Mr.Money]

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.

[Liquid_o2]

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.

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.

[Tapioca]

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.

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.

[Tapioca]

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.

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.

[BaoTurbo]

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

[hud 91gt]

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.

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.

[6o4__boi]

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

probably timed just right sometime middle of the sale

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

[underscore]

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.

[BaoTurbo]

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

[Tapioca]

probably timed just right sometime middle of the sale

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

Standard liquidation practice is to jack up all the prices to the original MSRP and discount by 20-30%. The deals don't actually come until about 50-60% off MSRP, but since most people are gullible, much of the stuff worth buying will be gone by then.

You may actually find cheaper prices now before the liquidation starts.

Since becoming a parent and a homeowner, I've actually picked up a few more things from Sears. Kids' clothing, a Broil King BBQ, and baby gear. It's a shame that they're going down when I'm finally starting to appreciate the product mix that they have.

[threezero]

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

one of the most valuable asset under the brand.

That was sold at a liquidation price last year.


The only ppl thats losting in this battle are the people that made a career working in Sears.


Sears own the CEO a lot of money. CEO gonna be rich after the company folds.


Long time employee? lay off with no compensation.

PJSalt

[Acura604]

so.. .from what I've heard the closeout sales are bogus... as in, jacked up prices reduced by whatever % they're advertising. lame lame lame.

Shoppers underwhelmed by deals as Sears Canada liquidation sales begin (http://www.news1130.com/2017/10/19/shoppers-sears-canada-liquidation-sales/)

BURNABY (NEWS 1130) – Sears locations across Canada have officially started liquidation sales and that means some line-ups for those of you heading to check them out.

But shoppers are finding the deals underwhelming. While signs suggest discounts of 20 to 50 per cent off — with a note that exceptions apply — relatively few items appeared to be offered at half off.

Craig decided to look around with his mother, but isn’t all too pleased with what he saw. “I was in Sears a few days ago and I saw a few prices that had been marked up. So, when you mark it up and then offer 20 per cent off, it’s not a bargain.”

Others agree, saying they expected better deals, given this is a liquidation sale.

Dora says the prices aren’t the only problem. “The line-ups are much, much too long for me to stand in. I couldn’t possibly do it.”

[6o4__boi]

lol shoppers expecting crazy good deals on the first day of a liquidation sale that could go 10 weeks or more

https://media.giphy.com/media/3orieLHXgpfkKO9Iju/giphy.gif

[murd0c]

and right there is one of the reasons why Sears has gone under, they have been doing dirty tactics like this for years and years.

[Mr.HappySilp]

and right there is one of the reasons why Sears has gone under, they have been doing dirty tactics like this for years and years.

Doesn't all retails stores do this? Even online stores......

[Spoon]

and right there is one of the reasons why Sears has gone under, they have been doing dirty tactics like this for years and years.

Amazon's next then? :badpokerface:

[Indy]

why is this a surprise to anybody?

let the suckers buy at msrp or slightly below and when only crap is left, discount the crap out.

[danned]

executive earn big money by doing liquidation sales~~~~~~

[MG1]

I've been to The Bay the last few days. I'm doing my part in supporting them before they become next on the chopping block. To my surprise, they are doing a damn good job of keeping their head above water.

Some damn good prices and promo's. It's worth the time to check them out. It's sad that the service level is not on par, but who cares as long as the prices are good.

Asian model = sell plenty with little profit. Better than sell few to none in hopes of large profit.

Now, Walmart has the right balance. I think Amazon is simply going to eventually kill everybody.

[yray]

craftsman wrench in the shop just broke LOL

[Slifer]

https://globalnews.ca/news/3823395/sears-canada-liquidation-prices/?utm_source=Article&utm_medium=EditorsPick&utm_campaign=2015

lol

[blkgsr]

big props to The Bay.

went in to buy some dress shirts and was happy to see they were on sale.

found a brand/style i like, only had one instock in my size but picked out a few others and the guy looked them up online, he placed the order to have them shipped to my house.

they shipped, on a sunday, 3 hours later

that's impressive.

[Mr.HappySilp]

I've been to The Bay the last few days. I'm doing my part in supporting them before they become next on the chopping block. To my surprise, they are doing a damn good job of keeping their head above water.

Some damn good prices and promo's. It's worth the time to check them out. It's sad that the service level is not on par, but who cares as long as the prices are good.

Asian model = sell plenty with little profit. Better than sell few to none in hopes of large profit.

Now, Walmart has the right balance. I think Amazon is simply going to eventually kill everybody.

The bay is actually not bad when they have Bay day sales + discounts on their clothing and luggage but their appliance, cookware, beddings needs to be cheaper. $60+ on a pan even on sale when I can get the same size of pan for $30.

Amazon might be good for some things but there are plenty of items you have to shop in person. Shoes are one of them. Each brand's fitting is a bit different and the style makes a huge difference. Same with suits and ties, jeans, pants etc etc. Then there are luxury goods which you have to go in store to try and see if it fits you. I know they are they doing the whole VR shopping but it doesn't come close to trying it in real.

[mikemhg]

The bay is actually not bad when they have Bay day sales + discounts on their clothing and luggage but their appliance, cookware, beddings needs to be cheaper. $60+ on a pan even on sale when I can get the same size of pan for $30.

Amazon might be good for some things but there are plenty of items you have to shop in person. Shoes are one of them. Each brand's fitting is a bit different and the style makes a huge difference. Same with suits and ties, jeans, pants etc etc. Then there are luxury goods which you have to go in store to try and see if it fits you. I know they are they doing the whole VR shopping but it doesn't come close to trying it in real.

Definitely agree with this, so far I haven't had any real piece of clothing or shoes that I ordered online, fit me properly.

[twitchyzero]

i admit i've gone to sportschek/mec to try shoes out then bought them elsewhere online...at least for the technical stuff like cycling shoes or hiking boots :badpokerface:

i just stick with brands im familiar when buying shoes online...onitsuka for example has a pretty consistent sizing...i dont believe they are carried by authorized sellers locally