KMart - Bleak outlook and poor earnings are weighing down this sinking ship

[Miami Bomb Squad]

2 minutes ago, Phil B said:

Their entire strategy seems to be:

Get loan for $0.5B from investors. Sell known brand you own for $1B+. Pay back investors to keep them happy, use remaining cash to live another quarter. Rinse and Repeat.

Sad, but true, many Corporations apply this strategy.  Only ones making out are the Corporate officers.  
Creative accounting to hit target numbers, get bonus and fleece the investors.  

And we keep talking about how unscrupulous other countries are.  

[lazuli16]

30 minutes ago, Phil B said:

Their entire strategy seems to be:

Get loan for $0.5B from investors. Sell known brand you own for $1B+. Pay back investors to keep them happy, use remaining cash to live another quarter. Rinse and Repeat.

 

23 minutes ago, Miami Bomb Squad said:

Sad, but true, many Corporations apply this strategy.  Only ones making out are the Corporate officers.  
Creative accounting to hit target numbers, get bonus and fleece the investors.  

And we keep talking about how unscrupulous other countries are.  

This was a good read
http://www.businessinsider.com/sears-failing-stores-closing-edward-lampert-bankruptcy-chances-2017-1

 

Edited January 10, 2017 by lazuli16

[Miami Bomb Squad]

2 hours ago, lazuli16 said:

 

This was a good read
http://www.businessinsider.com/sears-failing-stores-closing-edward-lampert-bankruptcy-chances-2017-1

 

Good article, didn't know he lives in South.Fla.
I'll bet a SSD that he doesnt even shop at Sears/Kmart, Hope I run into him during one of my Walmart Clearance Runs so I can Key his Bentley.

[Phil B]

Anyone get this in the mail as well? Just what is going to right the ship - introduce another "rockstar" program for people who already cause you losses.... 

But hey, free grocery bag!

[SweepyD]

Looks like a few select stores in Illinois and one in Indiana

http://www.kmart.com/en_us/dap/shoparazzi.html

 

Supahstah!

[Phil B]

9 minutes ago, SweepyD said:

Looks like a few select stores in Illinois and one in Indiana

http://www.kmart.com/en_us/dap/shoparazzi.html

 

Supahstah!

Fun. my closest KMart is 50+ miles away.

[exciter1]

My closing KMart had new cases show up this weekend.

60127 - Prison Island Starter Set
41066 - Anna and Kristoff's Sleigh Adventure
70734 - Master Wu's Dragon
60115 - 4 x 4 Off-Roader

[SweepyD]

You lucky sob    Went to mine just to test one last time, 120% will not be going back.  

Got my little one a new Duplo set and that basically cleared the remaining stock they had of anything Lego.

[exciter1]

If you guys are in the mood for some nostalgia, this is streaming gold right here.

https://archive.org/details/attentionkmartshoppers&tab=collection

[Alpinemaps]

If you guys are in the mood for some nostalgia, this is streaming gold right here.

https://archive.org/details/attentionkmartshoppers&tab=collection

I came across that site a couple months back I think. It's definitely a blast from the past.

[lazuli16]

Looks like they are finally acknowledging what every one else knows. 

http://www.usatoday.com/story/money/business/2017/03/21/sears-says-substantial-doubt-can-stay-business/99479726/

[exciter1]

You were a good little earner.


Posted by emotional locals. Looking for a new wedding spot as we speak.

[Phil B]

2 minutes ago, exciter1 said:

You were a good little earner.


Posted by emotional locals. Looking for a new wedding spot as we speak.

 

[exciter1]

[MinifigW]

I've escaped the reaping so far ?

Let hope it stays that way. Unlike @exciter1 I don't have in infinite supply of Kmart's out here.

 

Oh, Exciter? You should ask for the sign

[exciter1]

I've escaped the reaping so far
Let hope it stays that way. Unlike@exciter1 I don't have in infinite supply of Kmart's out here.
 
Oh, Exciter? You should ask for the sign

We had a pawn shop here that at one time was selling the big bucket from an old KFC, maybe they'll get it.

[Migration]

10 hours ago, exciter1 said:

 

That video must have been produced about a month before he died.

[Darth_Raichu]

 FM's last music video. The song works so well with this thread, I will repost once all stores are closed

 

[exciter1]

32 minutes ago, Migration said:

That video must have been produced about a month before he died.

Yep, he never performed it live and the video is all previous footage.  Great song, I never understood Queen's writing process, since their songs always have so many layers.

https://en.wikipedia.org/wiki/The_Show_Must_Go_On_(Queen_song)#Promotional_video

[Alpinemaps]

Yep, he never performed it live and the video is all previous footage.  Great song, I never understood Queen's writing process, since their songs always have so many layers.
https://en.wikipedia.org/wiki/The_Show_Must_Go_On_(Queen_song)#Promotional_video

I was just mentioning yesterday that I'm on a Queen kick. I love that song (and the final album). I was just listening to it yesterday.

As for their writing process - you should read about the writing of Under Pressure.

[jay4e]

seems that kmart has pulled its measly 1% back on ******. a sign of cut backs to com? they are really pushing hard to make syw an fount viable before the cash drys up.

[MinifigW]

2 hours ago, jay4e said:

seems that kmart has pulled its measly 1% back on ******. a sign of cut backs to com? they are really pushing hard to make syw an fount viable before the cash drys up.

Sears is still there (1.5%). According to the insider forums this happens occasionally when Kmart is late on a payment, according to them it's usually back within a few days.

To their credit the SYW app and website has REALLY improved lately, and I'm finding myself using it more. Fount on the other hand is a piece of garbage (why can't they just put all of that on the SYW app?)

[Lordoflego]

As a platinum VIP I'll be getting 15% back in points in my birthday month. Ok, I'm planning to be here in November, but is kmart?

[Phil B]

1 minute ago, Lordoflego said:

As a platinum VIP I'll be getting 15% back in points in my birthday month. Ok, I'm planning to be here in November, but is kmart?

With KMart I live day-by-day.... November is like next century from my PoV...

[Phil B]

Went to pickup the tires I ordered a few weeks back. Heard the clerk at the auto center chat with the customer ahead of me, offering him 45% off a battery. Turned out the tire center was closing this month (no signs) and they had 1 mechanic left on staff so getting anything done was planning weeks out. Got to chat a bit with him (I was interested to see if the main Sears this auto center belongs to was also shutting down, but luckily it isn't (yet)). He told me that he was interviewing with other auto centers, so I asked him if he could just move over to the retail store. He said: "Yes, but I would have to re-apply for a job and would start over again, losing all my many years of Sears service". Talking about sticking it to your employees ....