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Stores going out of business

Discussion in 'The OT' started by Rich, Apr 13, 2017.

  1. Aug 5, 2018 #201 of 233
    billsharpe

    billsharpe Hall Of Fame

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    My last trip to the nearest mall was in January 2017 to see a movie.
     
  2. Aug 6, 2018 #202 of 233
    inkahauts

    inkahauts Well-Known Member

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    I’m near one of the most successful malls... it’s always busy no matter when it is... it has tons of food, fast food and restaurants... actually has two food courts... plus restaurants in multiple areas. that to me is what drives people there to buy stuff. Food. Lots and lots of good food. Then they shop...

    They don’t have many empty spots.

    Also has a Dave and busters, and extremely busy movie theater, and about to open a bowelro bowering alley...

    I think those also drive a good amount of traffic.
     
  3. Aug 6, 2018 #203 of 233
    Rich

    Rich DBSTalk Club DBSTalk Club

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    Malls in NJ used to be like that. Now they struggle and the vast majority of the stores that are left are for women. Very little of interest in them for men. Now Brookstone's closing, one more nail in the coffin.

    Rich
     
  4. jimmie57

    jimmie57 Hall Of Fame

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    Lowes is closing some stores. Copied from article.
    The company said Wednesday that the 99 Orchard Supply Hardware stores that Lowe's owns in California, Oregon and Florida, as well as a distribution center, will be shut down by the end of the fiscal year.

    Orchard Supply Hardware has 4,300 employees. Ellison said in the earnings release that the chain's workers will be given "priority status" if they apply for other jobs at Lowe's and will also receive job placement assistance and severance.

    Lowe's bought Orchard Supply Hardware only five years ago for $205 million.
     
  5. dmspen

    dmspen Hall Of Fame

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    what!? Lowe's is a Woolworth company!
     
  6. Nick

    Nick Retired, part-time PITA DBSTalk Club

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    Like a stable three-legged stool, our local small-town mall has three major anchor stores, being Sears, JCPenny and Belks. Now, Sears is closing this year, probably after the black-Friday insanity. Now, the question will be, how stable is a two-legged stool?

    I will miss the idea of not having a local Sears store any more, although I haven't shopped there in over 10 years. Like a parent, Sears has been there all my life. Suddenly it will be gone.

    R.I.P. Sears (& Roebuck) :(
     
  7. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    Purchased out of bankruptcy after being spun off from Sears Holding, Inc. Lowes managed to expand the chain from 72 to 99 stores but the return on the investment was not high enough.
     
  8. billsharpe

    billsharpe Hall Of Fame

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    Our local Sears store closed several years ago. It is still standing empty. We don't miss it. However, we will miss OSH as we were regular shoppers there. OSH carried Sears' vacuum cleaner bags, for one. Garden items were much cheaper there than elsewhere.
     
  9. Mark Holtz

    Mark Holtz Day Sleeper

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    In the Sunrise Mall area of Citrus Heights, a Rite-Aid, Sears, and Toys-R-Us all closed up within the past three months.
     
  10. inkahauts

    inkahauts Well-Known Member

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    They also spent millions remodeling all their stores. Total idiots. You can’t remodel like they did and expect an instant boost of sales...

    The losses seemed to be tied to past mistakes and debit used to spin it off, not actual store sales these days... so they are just shutting it to take a write down and fund other projects. Stupid shareholders care more about % of profit than just profit in this case it seems..
     
  11. Cholly

    Cholly Old Guys Rule! DBSTalk Club

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    The problem Lowe's has is that they are in competition with Home Depot, which is bigger and has better earnings. There are 3 Lowe's stores and one Home Depot
    within 10 miles of where I live. The two chains each have their advantages. Within the past two years, we've bought a refrigerator at Lowe's and a Range at Home Depot.
     
  12. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    Four Lowe's, Four Menards and one Home Depot within 20 miles. Home Depot must have clusters of stores where Lowe's doesn't.

    I believe we got our washer and dryer from Home Depot. My wife bought it online. The delivery people didn't know which store they were delivering for (apparently sent from a nameless warehouse). They thought it was JC Penney's. I normally shop at Lowe's although it is annoying to have a different selection at the two local stores. Menards is my second choice with The Home Depot being further away than two Lowe's and two Menards. (The Home Depot is actually close to the third closest Lowe's and Menards ... which makes it convenient if I can't find something at The Home Depot to get to the competition.)
     
  13. jimmie57

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    I shopped at Home Depot online for several items just this week. I really liked the feature they have about locating the items in the store.
    On the left side of the page under Pick up in store is this for an example.
    5 in stock
    at League City
    Aisle 10, Bay 015 Text to Me
    Check Nearby Stores

    When you tap the Text to Me it pops up a window for you to type in your cell phone number. It then sends you a text of the exact location of the item in the store and a link to tap on that will open the item and show it to you, just like you were looking at on your PC.
    I had 5 items and of course they were all over the store but it was easy because I knew right where to go to put my hands on each item.
     
  14. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    I have used the Lowe's app to find things while I was in their store. I generally do not use "buy online - pickup in store" services - although I have purchased my last three laptops that way (over the past 10 years).

    Menard's "buy online - pickup in store" option was lousy. They would sell you the items online and give you a list of in store locations. While the sale was based on what was in stock at the moment of purchase all items were subject to prior sale. I wanted to buy 60 driveway markers and wanted to make sure they were at the store when I arrived. But "subject to prior sale" meant that I could pay online but still had to go find them in the store and hope someone else had not picked them up first. There was no benefit to buy online. (Hopefully they change that service and actually make it a service where an employee sets aside the product and it can easily be picked up at the front door.)
     
  15. Sep 9, 2018 #216 of 233
    GoLongAndChopChop881

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    As of September 2012, RadioShack made an agreement with Leap Wireless and also launched RS No Contract Wireless, a service powered by Cricket (which uses Sprint's network to utilize Sprint's nationwide 3G EVDO network as a MVNO, before merged with AT&T in March 2014). I also lived at Omaha, NE which Cricket became available at the area in the mid-2000s and my family went to RS like in July-August 2012. Too bad it's closed.

    Oh God, I love this commercial spot so much! :)
     
    Last edited: Sep 9, 2018
  16. Oct 5, 2018 #217 of 233
  17. Oct 5, 2018 #218 of 233
    Mark Holtz

    Mark Holtz Day Sleeper

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    Heh.... and Mattress Firm acquired Sleep Train in September, 2014, and all of the Sleep Train stores were renamed Mattress Firm in February-March, 2017.
     
  18. Oct 5, 2018 #219 of 233
    Cholly

    Cholly Old Guys Rule! DBSTalk Club

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    The same thing happened a year or two ago with Sleepy's. I had the misfortune to buy a mattress and adjustable frame form them in 2013.

    Edit: I just saw a USA Today article stating that Mattress Firm has entered Chapter 11 bankruptcy and is closing more than700 of its 3500 stores. The article gives a list.
     
    Last edited: Oct 5, 2018
  19. Oct 6, 2018 #220 of 233
    Nick

    Nick Retired, part-time PITA DBSTalk Club

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    I bought my last mattress from Mattress Firm less than a year ago. I suppose the 24-hour warranty won't be honored now. Shortly after the purchase I received an emailed survey addressed to "Dear Customer".

    :rolleyes:
     

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