 |
|
10-10-2017, 11:52 AM
|
|
|
|
Join Date: Sep 2014
Posts: 83
|
|
Sears Canada asking to start liquidating and closing all stores
|
10-10-2017, 11:58 AM
|
 |
|
|
Join Date: Jan 2012
Location: On the border in Lloydminster
Posts: 8,393
|
|
This happened a few months ago our store is already liquidated and closed
__________________
Si vis pacem, para bellum
|
10-10-2017, 12:01 PM
|
|
|
|
Join Date: Sep 2014
Posts: 83
|
|
Sears
Select stores were closed as they were trying to restructure. They are now closing all stores.
|
10-10-2017, 12:25 PM
|
|
Banned
|
|
Join Date: Sep 2013
Posts: 3,939
|
|
Man, I remember as a kid...couldn't wait till the sears Christmas catalogue arrived back in the sixties...literally spent hours going through the toy section.
|
10-10-2017, 12:28 PM
|
 |
|
|
Join Date: Aug 2007
Location: Calgary
Posts: 19,423
|
|
Having been in their tool department in the last two years it comes as no wonder, it was obviously dying then. That's too bad as Craftsman was a nice line of tools. I imagine the brand will be sold off and purchased by some conglomerate from China or India.
__________________
"The trouble with people idiot-proofing things, is the resulting evolution of the idiot." Me
|
10-10-2017, 12:33 PM
|
|
|
|
Join Date: Feb 2011
Posts: 1,034
|
|
Quote:
Originally Posted by CaberTosser
Having been in their tool department in the last two years it comes as no wonder, it was obviously dying then. That's too bad as Craftsman was a nice line of tools. I imagine the brand will be sold off and purchased by some conglomerate from China or India.
|
Craftsman has been made in China for over 5 years
|
10-10-2017, 12:57 PM
|
 |
|
|
Join Date: Oct 2008
Location: In the shadow of the Valhalla Mountains, BC .
Posts: 9,179
|
|
Sears Canada; Going ... Going ... Gone!
.
To most of the general public, this is a current event ... https://globalnews.ca/news/3794587/s...a-liquidation/
But to those of us who deal in the investment world, it's been expected (and considered "a given") for a long time now.
It was just a matter of 'When'.
Lots of long-time investors in Sears are losing their shirts, but it's the Sears employees who I feel for, the most.
Sad
Selkirk
__________________
|
10-10-2017, 01:00 PM
|
|
|
|
Join Date: Oct 2012
Posts: 180
|
|
Quote:
Originally Posted by Selkirk
.
To most of the general public, this is a current event ... https://globalnews.ca/news/3794587/s...a-liquidation/
But to those of us who deal in the investment world, it's been expected (and considered "a given") for a long time now.
It was just a matter of 'When'.
Lots of long-time investors in Sears are losing their shirts, but it's the Sears employees who I feel for, the most.
Sad
Selkirk |
And usually most of the management give themselves a huge package when they leave so they wont be hurt at all.
|
10-10-2017, 02:16 PM
|
|
|
|
Join Date: Oct 2008
Location: In the shadow of the Valhalla Mountains, BC .
Posts: 9,179
|
|
Quote:
Originally Posted by hunter64
And usually most of the management give themselves a huge package when they leave so they wont be hurt at all.
|
Yes, that sometimes happens ... but it's not likely in this case. The bankruptcy proceedings and liquidation of remaining assets are being strictly controlled and supervised by agents of the court. And there's probably little to no money left in the kitty, anyway.
For those AOF members interested in the Craftsman Brand, Sears sold it to Stanley Black & Decker in January of this year, for ~ $900mil.
Link ... http://www.businessinsider.com/sears...million-2017-1
Selkirk
__________________
|
10-10-2017, 02:57 PM
|
 |
|
|
Join Date: May 2007
Location: Uh, guess? :)
Posts: 26,739
|
|
Quote:
Originally Posted by bobtodrick
Man, I remember as a kid...couldn't wait till the sears Christmas catalogue arrived back in the sixties...literally spent hours going through the toy section.
|
Ahhh the "Wish Book". A classic fall staple in our house... as was my little brother cutting out the bra models and taping them to his headboard. Well once anyway. Mom saw to it that it only happened once. 
__________________
Quote:
Originally Posted by DevilsAdvocate
In this case Oki has cut to to the exact heart of the matter!
|
|
10-10-2017, 03:01 PM
|
|
Banned
|
|
Join Date: Sep 2013
Posts: 3,939
|
|
Quote:
Originally Posted by Okotokian
Ahhh the "Wish Book". A classic fall staple in our house... as was my little brother cutting out the bra models and taping them to his headboard. Well once anyway. Mom saw to it that it only happened once. |
I've been involved in photography all my life.
Once (in the late 70's) I was the Edmonton photographer for the Bay (they had a full advertising dept on the 3rd fl of the downtown store).
Every Tuesday was 'bra and panty' day.
Man I loved going to work on Tuesdays.
|
10-10-2017, 04:20 PM
|
 |
|
|
Join Date: May 2008
Location: West of Edmonton
Posts: 2,295
|
|
Quote:
Originally Posted by bobtodrick
Man, I remember as a kid...couldn't wait till the sears Christmas catalogue arrived back in the seventies...literally spent hours going through the lingerie section.
|
Fixed it for you 
Sad to see the icons of business going down.
|
10-10-2017, 04:26 PM
|
 |
|
|
Join Date: May 2007
Location: Calgary
Posts: 7,521
|
|
There have been a lot of Canadian retailers close.... Zellers, Sears.... any one remember Woolco? I bought my first shotgun from the Woolco in Lethbridge back in the day.
|
10-10-2017, 05:45 PM
|
 |
|
|
Join Date: Feb 2008
Posts: 3,095
|
|
Sears employees have been Searsed . Stick fork in it. Retail is done. Target, wholesale, Sears, goes on and on. Business model has changed. I feel for 12000 employees that are done. No severances, no pension. Gone, kaput. God Bless all.
http://www.greaterfool.ca/2017/10/10/revenge-4/
|
10-10-2017, 06:57 PM
|
 |
|
|
Join Date: Oct 2011
Posts: 2,507
|
|
Quote:
Originally Posted by bobtodrick
Man, I remember as a kid...couldn't wait till the sears Christmas catalogue arrived back in the sixties...literally spent hours going through the toy section.
|
Ya the Sears Christmas catalogue was always great. That and the catalogue from Consumer Distributing. That was always a good one too
__________________
Life's too short to sweat the small stuff.
Aim Small = Miss Small
|
10-10-2017, 07:10 PM
|
|
|
|
Join Date: Apr 2012
Location: Edmonton
Posts: 8,435
|
|
Quote:
Originally Posted by Don K
Ya the Sears Christmas catalogue was always great. That and the catalogue from Consumer Distributing. That was always a good one too
|
Catalogue's in the mail, makes me feel old. Used to get Sears, Eatons, SIR, princess auto, consumers distributing, and a few others.
My eight year old doesn't even know what a catalogue is!
BW
|
10-10-2017, 07:20 PM
|
|
Banned
|
|
Join Date: Sep 2013
Posts: 3,939
|
|
Quote:
Originally Posted by Homesteader
Fixed it for you
Sad to see the icons of business going down. |
Okay...I like that 😜
|
10-10-2017, 07:26 PM
|
 |
|
|
Join Date: Apr 2008
Posts: 5,661
|
|
Yep pretty sad...
|
10-10-2017, 07:57 PM
|
|
|
|
Join Date: Apr 2009
Location: Southern Alberta
Posts: 7,350
|
|
Quote:
Originally Posted by bobtodrick
Man, I remember as a kid...couldn't wait till the sears Christmas catalogue arrived back in the sixties...literally spent hours going through the toy section.
|
X2
Quote:
Originally Posted by Scott N
There have been a lot of Canadian retailers close.... Zellers, Sears.... any one remember Woolco? I bought my first shotgun from the Woolco in Lethbridge back in the day.
|
Yup , I remember.
and
Toys R Us is also in trouble.
__________________
.
eat a snickers
made in Alberta__ born n raised.
FS-Tinfool hats by the roll. 
|
10-10-2017, 07:59 PM
|
|
|
|
Join Date: May 2007
Location: Calgary
Posts: 7,521
|
|
Quote:
Originally Posted by huntsfurfish
X2
Yup , I remember.
and
Toys R Us is also in trouble.
|
Pretty soon everything is going to be mail order!
|
10-10-2017, 08:11 PM
|
|
|
|
Join Date: Jun 2007
Location: calgary
Posts: 3,008
|
|
Just saw on my news feed Chilis restaurants shutting down in Alberta.
__________________
|
10-10-2017, 08:41 PM
|
|
|
|
Join Date: May 2013
Posts: 3,222
|
|
Quote:
Originally Posted by Scott N
There have been a lot of Canadian retailers close.... Zellers, Sears.... any one remember Woolco? I bought my first shotgun from the Woolco in Lethbridge back in the day.
|
Does anyone remember Woodwards?? I liked that store... Most people in Lethbridge don't get the reference to the 'Woodward's' mall anymore...
|
10-10-2017, 09:23 PM
|
|
|
|
Join Date: Jun 2007
Location: calgary
Posts: 3,008
|
|
Don't forget The Bay is only hanging on by a thread too.
__________________
|
10-10-2017, 09:28 PM
|
|
|
|
Join Date: Jul 2009
Location: Parts Unknown
Posts: 1,217
|
|
But -
Outfits like Costco, Canadian Tire, Walmart, Home Depot, etc., are doing just fine!
Go figure 
.
|
10-10-2017, 11:01 PM
|
 |
|
|
Join Date: Feb 2010
Location: In the woods
Posts: 8,929
|
|
Quote:
Originally Posted by Scott N
There have been a lot of Canadian retailers close.... Zellers, Sears.... any one remember Woolco? I bought my first shotgun from the Woolco in Lethbridge back in the day.
|
That’s a store I haven’t heard mention of in probably a decade. Sad all the places I remember as a kid are slowly disappearing.
__________________
I feel I was denied, critical, need to know Information!
|
10-11-2017, 05:23 AM
|
|
|
|
Join Date: May 2007
Location: Calgary
Posts: 7,521
|
|
Quote:
Originally Posted by amosfella
Does anyone remember Woodwards?? I liked that store... Most people in Lethbridge don't get the reference to the 'Woodward's' mall anymore...
|
I'm one who gets it.... I used to work at a camera store at "Lethbridge Centre Mall" aka Woodwards Mall!
|
10-11-2017, 05:42 AM
|
|
|
|
Join Date: May 2008
Location: West of Edmonton
Posts: 2,295
|
|
Quote:
Originally Posted by amosfella
Does anyone remember Woodwards?? I liked that store... Most people in Lethbridge don't get the reference to the 'Woodward's' mall anymore...
|
I do remember Woodwards, but the one at Southgate. They had the best malts ever, and an awesome candy counter. Not to bad for fishing gear either.
Before that I remember it was a drive in, but those are another blast from the past. Getting older is better then the alternative.
|
10-11-2017, 05:44 AM
|
 |
|
|
Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 19,024
|
|
Quote:
Originally Posted by Scott N
There have been a lot of Canadian retailers close.... Zellers, Sears.... any one remember Woolco? I bought my first shotgun from the Woolco in Lethbridge back in the day.
|
Memories
I was a janitor once upon a time at Woolco.
__________________
It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Charles Darwin
|
10-11-2017, 05:54 AM
|
 |
|
|
Join Date: Dec 2012
Location: At the end of the Thirsty Beaver Trail, Pinsky lake, Alberta.
Posts: 24,820
|
|
Quote:
Originally Posted by bobtodrick
Man, I remember as a kid...couldn't wait till the sears Christmas catalogue arrived back in the sixties...literally spent hours going through the toy section.
|
Yup, had the corners folded for my wish list, funny as I got older it went from the toy section to the lady's clothing section 
Sears brought in on themselves over the years not keeping up with the times. 
__________________
Be careful when you follow the masses, sometimes the "M" is silent... 
|
10-11-2017, 07:00 AM
|
|
|
|
Join Date: Jun 2007
Location: calgary
Posts: 3,008
|
|
Nice: I have to give them some credit too. Back in the late 70's they transferred me out to Calgary from Winnipeg to manage their new so called monster 100,000 sq ft Western distribution centre. They gave me my first job out of high school and started my work career for me. As much as I didn't stay with them forever out here it did get to Calgary where I have lived for almost 40 years now.
Quote:
Originally Posted by Sundancefisher
Memories
I was a janitor once upon a time at Woolco.
|
__________________
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -6. The time now is 02:45 PM.
|
Linear Mode
