The fat lady has begun to sing...SEARS prepares for bankrupycy

Saw this morning. Stock opened at $0.60 a share and closed at $0.49. This was a slow death because we all saw it coming years ago.

Not gonna lie they have some good gems in their outlet stores. A coworker got a $2000 Samsung fridge for like $700. The sides were scratched up but he said it was going in a full enclosure anyway.
 
Crazy how Sears has become a joke.

They used to be a powerhouse in retail.

The Sears Catalogue used to rank up there with the Bible as a must have in every home in America.

The Sears Credit Card was like a American Express Black Card. Not everybody could get one, especially Black folks. You knew you was big stuff if you got one.

And KMart being what it is makes no sense.

This country is changing for the worse.
 
Sear's prices were steep for no fucking reason and they lived and died by their card and line a credit....people's in the 80's did damage because they were able to get credit cards and they ordered their asses off,same could be said for commercials and 1800- numbers,it was on and people parttaked in it all.

.....I remember seeing a sears book from the early 1900's where you could by a lodge house,saw's,boots,overalls,rifles and a bunch of other what we would see as simple shit like candles.
 
I like that Sears allowed you to do payment installments without having to run your credit. Came in handy when I was buying my house as I was able to buy a LG washer and dryer set without having to charge it. Also copped my riding Craftsman lawn mower and other Craftsman tools from there as well
 
Sear's prices were steep for no fucking reason

I have always said this!! I could never understand why their prices were so high and then they wondering y no one would shop there.. back in the day i would shop montgomery wards before i went there..
 
Listen, I bought a Sears a pedic mattress, microwave, vacuum cleaner and 32"tv....for less than $400 back when I had my own apartment...that included my workers discount. Shit was brand new too.
 
I feel like Sears became too attached to the big mall scene. Like all 3 Sears within driving distance to me are at malls. And malls are dying too. Shit man, I'd personally shop online and pay extra for shipping than step foot in King of Prussia mall. Way too many people, loud ass teenagers, and other silly shit to deal with.
What killed Sears and JC Penny was the internet; Sears and Penny had a huge ordering service via their magazine and cataloge. It catered to black people who were discriminated against and couldnt/wouldnt/didnt go into the stores; also catered to rural america; once those changes occurred, coupled with discounted stores popping up, add the internet, and they both were finished...
 
I like that Sears allowed you to do payment installments without having to run your credit. Came in handy when I was buying my house as I was able to buy a LG washer and dryer set without having to charge it. Also copped my riding Craftsman lawn mower and other Craftsman tools from there as well
The true sign that you have a nice sized lawn.....when you have to cop one of them...kudos to you man...
:cheers:


I did buy my washer dryer from them and I get my tools there.

Might be a good time to grab a lawnmower

Like I said earlier … I saved hunnids on a new craftsman pro a couple of years ago...probably even a better time now...do it.....:yes:






.
 
The economy is not in "great shape".

See this link

It's inflated beyond compare and will crash sooner than you think.

This is what may occur: (Financial media outlets are prepping for this scenario I think)

Repugnicans will get routed in midterms
Trump appeases base by blocking and speaking openly against democrats
Democrats either repeal recent legislation or override it
Corporations, in response, will stop their stock buy backs
Market crashes
Democrats holding the bag
Trump says he tried to stop "them"

It's called political theatre

I am hoping that there is no "blue-wave".

In other words....I want the repunicans to keep their majorities.

These businesses cant keep up the stock charade for much longer.

If the crash occurs with a majority repugnican congress and president, both executive and legislative branch will have to deal with the wrath of the voters post 2020.

But

The US will go to war...a REAL WAR if the crash occurs if both the legislative and executive branches are run by republicans.


No doubt!!!

Yeah, I know the economy isn't doing good. To be honest, the economy is one big ass fucked up illusion and we won't touch on how all the numbers are manipulated!!
 
I remember going to Sears back in the day taking pictures. They had a guy who used to come every Wednesday and take professional pictures .
Most of the pictures i had from when i was little were taken at Sears. I used to hate to go because the line was long and it was always a couple of kids that wouldn't act right.

Then, mom used to order clothes and toys out the catalog and we'd have to go stand in line at the back at the store and wait on them to find our shit. You could see the dudes unloading the trucks out the side window.

I got my first jambox there, a black and white tv, super nintendo, there. My aunt used to work there.... my cousin did too and they'd get us cheap shit.
 
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What killed Sears and JC Penny was the internet; Sears and Penny had a huge ordering service via their magazine and cataloge. It catered to black people who were discriminated against and couldnt/wouldnt/didnt go into the stores; also catered to rural america; once those changes occurred, coupled with discounted stores popping up, add the internet, and they both were finished...

I remember going to Sears back in the day taking pictures. They had a guy who used to come every Wednesday and take professional pictures .
Most of the pictures i had was little were taken at Sears. I used to hate to go because the line was long and it was always a couple of kids that wouldn't act right.

Then, mom used to order clothes and toys out the catalog and we'd have to go stand in line at the back at the store and wait on them to find our shit. You could see the dudes unloading the trucks out the side women.

I got my first jambox there, a black and white tv, super nintendo, there. My aunt used to work there.... my cousin did too and they'd get us cheap shit.

Sears was the Internet. I still remember flipping through those books looking at what I wanted. Clothing. Video games. Masters of the Universe toys. GI joe. Transformers.

Had my senior pictures taken at Sears Randall Park Mall. Got glasses there. Later on, got car service there. Damn. They were the shit.

Someday, folks might talk of Amazon the same way. :eek:
 
I could remember when Sears and K Mart were the Best Buy and Walmart of America. They use to be what Walmart is today. But they made the mistake successful companies make when they’re on top: they got too comfortable with their success. They didn’t upgrade to tech like they were suppose to and get better service.

Yea. Just like Blockbuster

I got the first PlayStation from them. I never paid for that shit
 
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Sears was the Internet. I still remember flipping through those books looking at what I wanted. Clothing. Video games. Masters of the Universe toys. GI joe. Transformers.

Had my senior pictures taken at Sears Randall Park Mall. Got glasses there. Later on, got car service there. Damn. They were the shit.

Someday, folks might talk of Amazon the same way. :eek:


Nah man, it was straight to the bra and panty section. It was softcore porn. Could see cameltoe and nips on some. Every now and then you had a black girl
 
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I used to work for Sears, dudes were stealing EVERYTHING.
Yup....me too. I worked on the loading dock fresh out of high school. White boy put me up on it. The Sears I worked at never kept a correct count of their shit. We would have people pull up at the end of the day with a fake receipt. Loss prevention would be making store rounds to close up. I took tvs, vacuum cleaners, video games, washers and dryers, lawn mowers, entertainment centers, hell even a car seat once. I remember when I took a 5 disc dvd player off the special order shelf because it was sitting up their for weeks. Soon as I stole it, customer came to get it a few days later. I was shook. We didn't have it in stock either. Sent they ass to another store :lol: Niggas ended up getting greedy in the end. Luckily I got fired for calling in before I got caught stealing. Few friends of mine caught cases.


RIP Sears.
 
Yup....me too. I worked on the loading dock fresh out of high school. White boy put me up on it. The Sears I worked at never kept a correct count of their shit. We would have people pull up at the end of the day with a fake receipt. Loss prevention would be making store rounds to close up. I took tvs, vacuum cleaners, video games, washers and dryers, lawn mowers, entertainment centers, hell even a car seat once. I remember when I took a 5 disc dvd player off the special order shelf because it was sitting up their for weeks. Soon as I stole it, customer came to get it a few days later. I was shook. We didn't have it in stock either. Sent they ass to another store :lol: Niggas ended up getting greedy in the end. Luckily I got fired for calling in before I got caught stealing. Few friends of mine caught cases.


RIP Sears.

Similar stories, I worked there while I was in college. Dudes stole everything, some made a grip of money reselling those goods as well.
 
Similar stories, I worked there while I was in college. Dudes stole everything, some made a grip of money reselling those goods as well.
We used to buy cheap wall units, empty out the box, dump the pieces down the garbage chute. Fill the box with electronics and after work, go right to BP and hand them the receipt for the wall unit and head home.

A bunch of us would pool together, they usually cost $300 and you make off with a few hundred dollars worth of CD players or VCR's. Crazy looking back those were $500+ items. One dude Mark, only took camcorders, those averaged $1500-2k. Those were in a special cage and numbered. For over a year no one knew they were being taken, til one day he got busted on Flatbush Ave selling one by store security randomly.
 
We used to buy cheap wall units, empty out the box, dump the pieces down the garbage chute. Fill the box with electronics and after work, go right to BP and hand them the receipt for the wall unit and head home.

A bunch of us would pool together, they usually cost $300 and you make off with a few hundred dollars worth of CD players or VCR's. Crazy looking back those were $500+ items. One dude Mark, only took camcorders, those averaged $1500-2k. Those were in a special cage and numbered. For over a year no one knew they were being taken, til one day he got busted on Flatbush Ave selling one by store security randomly.

The money makers were the parfums and colognes. Dudes made so much money, that some bought brand new vehicles and a few also had down payments for homes.
 
The money makers were the parfums and colognes. Dudes made so much money, that some bought brand new vehicles and a few also had down payments for homes.
Didn't know that, I just worked the stock room above the sales floors when I was 17, only had access to furniture and electronics. This was Bedford Ave in Brooklyn.
 
Didn't know that, I just worked the stock room above the sales floors when I was 17, only had access to furniture and electronics. This was Bedford Ave in Brooklyn.

My location is located in Toronto, it was the main hub for Canada, everything Sears sold came through the warehouse.
 
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Sears was the Internet. I still remember flipping through those books looking at what I wanted. Clothing. Video games. Masters of the Universe toys. GI joe. Transformers.

Had my senior pictures taken at Sears Randall Park Mall. Got glasses there. Later on, got car service there. Damn. They were the shit.

Someday, folks might talk of Amazon the same way. :eek:
:yes:...they never adjusted though; Sears should have had people monitoring other magazines and newspapers declines. No reason for them not to be at the forefront of all home equipment, hardware, tools, and appliances being sold on the internet....
 
This shit is in the hood.

What ever happened to Caledonian Hospital?

Developers Joseph Chetrit and David Bistricer, who are turning the Bossert in Brooklyn Heights back into a luxury hotel, have just made an empty Flatbush hospital building into an apartment house.

An old Caledonian Hospital building at 123 Parkside Ave. is now a luxury rental called 123 on the Park. It has unobstructed views of Prospect Park, a very fine amenity indeed.

(By the way, residents with apartments that face away from the park can gaze upon it from a landscaped, furnished roof deck. Other amenities include a fitness center with a yoga studio and a playroom for kids.)

Caly, as some Flatbush residents called the hospital, closed in 2003. It had been a neighborhood fixture since its 1910 opening. For a while after its closing, it was replaced with a diagnostic and treatment center.

Fast forward to 2014. The 119 apartments at 123 on the Park are more than 60% rented after just four months on the market, a spokeswoman told Eye on Real Estate. Brokerage aptsandlofts.com exclusively represents the development.

Monthly rents start at $2,250 for a studio, $2,300 for a one-bedroom unit and $3,300 for a two-bedroom home.

Right next door, there's a fenced-in vacant lot where a former hospital structure referred to as Building D in city Buildings Department filings has been demolished. That's where the Chetrit Group and Bistricer's Clipper Equity plan to construct an eight-story, 133-unit apartment building, agency records indicate.

This second phase of 123 on the Park will also be a rental building that should be ready in approximately 18 months, the spokeswoman said. There were published reports that the project would be a combination of rental apartments and condos, but it's an all-rental development.

123-parkside-phase-2.jpg


In 2007, the developers paid $15.6 million for the Caledonian site through an LLC, city Finance Department records indicate. It was a U.S. Bankruptcy Court-approved sale. Caledonian's then-owner, Brooklyn Hospital Center, was in Chapter 11 bankruptcy at the time.



http://www.brooklyneagle.com/articles/2014/10/29/what-ever-happened-caledonian-hospital
 
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