Drudge Retort: The Other Side of the News
Wednesday, October 10, 2018

Sears, which was once the largest retailer in the world, is now reportedly facing bankruptcy. The company, which hasn't turned a profit since 2010 and is $134 million in debt, recently approached several banks to prepare for bankruptcy filing, CNBC reported Wednesday.

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I guess also over the years being clobbered by Walmart, Costco, Target, Bestbuy, Home Depot, Lowes ... they never had a chance.

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Sears is the canary in the coal mine....

#1 | Posted by J_Tremain at 2018-10-10 02:15 PM | Reply

Sears has sucked for a long time. A lot longer than I have been alive. It's a disgrace that they will take KMart with them.

#2 | Posted by LauraMohr at 2018-10-10 02:22 PM | Reply

It's a disgrace that they will take KMart with them.

Really? I have never been in a KMart that didn't look like it had just been looted.

#3 | Posted by Rightocenter at 2018-10-10 02:55 PM | Reply | Funny: 1

remember when this was simply OBAMAS fault

but we now need to ratchet down the rhetoric, because liberals are hurting conservative's feelings

#4 | Posted by ChiefTutMoses at 2018-10-10 02:57 PM | Reply | Newsworthy 2

KMart where you spent the day shopping eating and waiting on that days Blue light specials. Those were the days.

KMart shoppers we have a blue light special in housewares and you would race your cart there to get whatever it was.

#5 | Posted by LauraMohr at 2018-10-10 03:06 PM | Reply | Newsworthy 1

#5> "Attention Kmart Shoppers!"

I remember.

#6 | Posted by shane at 2018-10-10 03:09 PM | Reply

Eddie the idiot lampert single handedly caused this.

Stupid libertarian.

#7 | Posted by Tor at 2018-10-10 05:34 PM | Reply

I remember a college friend bought a good used Craftsman lath in the mid seventies that was manufactured in the fifties and ordered two replacement parts from Sears which made the lath as good as new. Since then the company has been hollowed out by making junk power tools and treating their employees like dirt, while a few executives kept up appearances and looted the cash reserves. Those executives will do very well for themselves through the bankruptcy. The Diehard and Craftsman names still have value which Ace Hardware is trying to use.

#8 | Posted by bayviking at 2018-10-10 05:57 PM | Reply | Newsworthy 1

Craftsman tools are now made in China. They are JUNK. My 50 yr old tools are better than anything new they make now.

Sad.

#9 | Posted by bat4255 at 2018-10-10 06:06 PM | Reply | Newsworthy 1

Early year Craftsman tools were made by Snap On and then years later SK Wayne made them for Craftsman. Now who knows.

#10 | Posted by LauraMohr at 2018-10-10 06:15 PM | Reply | Newsworthy 1

remember when this was simply OBAMAS fault
#4 | POSTED BY CHIEFTUTMOSES

"The company, which hasn't turned a profit since 2010"

No need to remember, it's in the article.

#11 | Posted by SheepleSchism at 2018-10-10 06:40 PM | Reply | Newsworthy 1

Sears at Six Corners in Chicago finally closed, so I was expecting to hear this news sometime soon. Actually, I'm surprised Sears has hung around as long as they have.

Amazon owns all now.

#12 | Posted by hamburglar at 2018-10-10 08:03 PM | Reply

Amazon owns all now.

Amazon and Wal*Mart. I go with Amazon since it`s closer.

#13 | Posted by REDIAL at 2018-10-10 08:14 PM | Reply

Sears has sucked for a long time. A lot longer than I have been alive. It's a disgrace that they will take KMart with them.

#2 | Posted by LauraMohr

KMart has been awful for 40 years. They were so awful they filed for bankruptcy decades ago. Actually that is what enabled them to BUY Sears (which they promptly ran into the ground) and ditch the KMart name. The problem with Sears for decades has mainly been they are overpriced and have inept management focused on the wrong things. They closed the last KMart here about 6 years ago. It was sort of good riddance since they had zero things of any quality at a competitive price but tons of cheap crap for expensive prices.

All I am going to say is eCommerce hasn't been the companies biggest problem in a VERY long time.

#14 | Posted by GalaxiePete at 2018-10-10 09:05 PM | Reply

Craftsman tool quality has sagged for decades. When they sold the name and products to Stanley Black & Decker - pretty much became entirely worthless.

Stanley Black & Decker owns:
Stanley
Black & Decker
DeWalt
Craftsman
Irwin
Lenox
Hilmor
Porter-Cable
Bostitch
Mac Tools

Among MANY others.

#15 | Posted by GalaxiePete at 2018-10-10 09:16 PM | Reply | Newsworthy 1

Add Proto and Blackhawk

#16 | Posted by LauraMohr at 2018-10-10 09:20 PM | Reply

9: it is sad. I am actually looking to buy a good set of tools. I am not at all sure I should buy Craftsman. A couple decades ago it would not have been a choice.

#17 | Posted by woe_is_W at 2018-10-10 10:02 PM | Reply

looking to buy a good set of tools.
#17 | POSTED BY WOE_IS_W

Check out Lowes - Kobalt makes some great tools and they're very affordable.

#18 | Posted by SheepleSchism at 2018-10-10 10:10 PM | Reply

Sears and Kmart have both sucked hard for a very long time. Good riddance.

#19 | Posted by woe_is_W at 2018-10-10 10:12 PM | Reply

I am damn glad I never bought any stock in SHLD.

#20 | Posted by woe_is_W at 2018-10-10 10:13 PM | Reply

18: maybe.

#21 | Posted by woe_is_W at 2018-10-10 10:14 PM | Reply

#17

Yea, the biggest challenge is finding quality.
No problem though finding junk.

I would go to a couple of professional people in the trades and see what they recommend.

#22 | Posted by bat4255 at 2018-10-10 10:20 PM | Reply

In spite of galaxiepetes post my purchase likely won't be craftsman or black and decker.
DeWalt tools are pretty good.

#23 | Posted by woe_is_W at 2018-10-10 10:24 PM | Reply

DeWalt tools are pretty good.

That's what I use, but I think B&D makes them.

#24 | Posted by REDIAL at 2018-10-10 10:27 PM | Reply

Kmart was doing just fine before Eddie Lampert ruined it to feather his own nest.

#25 | Posted by Tor at 2018-10-11 01:28 AM | Reply

The Sears store near me closed down a year ago. I liked it for tools, appliances, auto repair and occasionally for a specific item of clothing, like a belt or underwear. But they not only had Amazon and other retailers to contend with, they simply couldn't seem to stay current. Most of their merchandise looked like it came from a yard sale. Still sad to see such an iconic brand go down the tubes.

#26 | Posted by cbob at 2018-10-11 07:58 AM | Reply

#3
Wal-Mart's are also looking that way lately.

#27 | Posted by Whatsleft at 2018-10-11 09:48 AM | Reply

Dang and I have this broken 1/2 inch ratchet I need them to replace for free.

#28 | Posted by RightisTrite at 2018-10-11 12:28 PM | Reply

It is a shame about Sears really. Too much competition I guess. I don't know if there is anything a company like Sears could do to save itself.
I still love my few Craftsman tools for their decades of service to me. Mostly ratchets and sockets. The newer ones were crap compared to my older pieces . I think when they tried to reach Snap-on and users with the little flip lever thingies like Snap-on had they went downhill IMO.

Most of my Stanley tools I inherited or found at yard sales... old but very very functional. I will cut a person if they lay a hand on my 16oz Stanley claw hammer with a wood handle tho.

Nowadays HomeDepot in the top ten retailers with its own brand, Husky... will do the broken too swap just like Sears used to. They own Ryobi too, and are reasonable about returns on those items as well.... so ouch to power tools by Craftsman.

Then there is Lowe's tools... the Kobalt is pretty decent.

... and then there is Harbor Freight that deserves honorable mention the WalMart of tacky but fully functional tools that are perfectly suitable for the average user. and the multi-color wrenches look dandy.

#29 | Posted by RightisTrite at 2018-10-11 12:59 PM | Reply

Sears downfall started long ago with polyester and rayon.

Crap underwear and socks, scratchy towels and sheets, and just low quality overall.

Kmart has looked like it was looted during an antifa rally for the last 15 years.

#30 | Posted by SheepleSchism at 2018-10-11 01:05 PM | Reply

In high school I went to a party at an old Sears house. You ordred it from the catalog and they came and put it together on site. It's on the Nationak Register of Historic Places. I wonder if the novelty of Sears going under will help its value. Typically peoole don't want a home thats in the registry because you are heavily restricted on any changes you can make to the structure.

#31 | Posted by snoofy at 2018-10-11 01:06 PM | Reply

Dang and I have this broken 1/2 inch ratchet I need them to replace for free.

#28

How old is it?

I did the 2 weeks ago. You will be surprised with the replacement, a POS made in china.

1st you will need to file the edges of the handle, as the corners are sharp.
2nd you will need to lubricate the head, as it is dry. Once you do, it will actually work.

#32 | Posted by bat4255 at 2018-10-11 01:53 PM | Reply

Sears has been circling the drain since they shifted gears in the 1980s and abandoned their customer service emphasis and failed to migrate their catalog into the web. As a kid The Christams Wishbook from sears was an annual event

#33 | Posted by hatter5183 at 2018-10-11 02:16 PM | Reply | Newsworthy 1

They failed to adapt and change with the times and now are 'paying the price'.

#34 | Posted by MSgt at 2018-10-11 02:33 PM | Reply

The internet will be open until midnight. The internet will open at midnight.
open open open

#35 | Posted by ajwood at 2018-10-11 06:16 PM | Reply

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