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Discussion in 'The OT' started by Rich, Apr 13, 2017.
The last time I was in a Best Buy they had more staff standing around then customers.
I really almost never go to my local mall, I'm not much of a shopper, but I had some free time Monday and decided to go and explore. The Sears, which is one of those where the store is a separate parcel of land owned by Sears and not the mall, is clearly dying. Large swaths of area seemed to have random items on display just to take up space. They seemed to have just pulled items that have been sitting in warehouses, perhaps for decades, and put these out just to take up space. Generations out of date TVs, word processors (not computers, word processors), washer and dryer parts, random non-local sports logo wear, whatever. One entire corner of a floor was filled with stacks of identical electric blankets for twin beds which, from the looks of the hairdo on the model, are from about 1995.
They will be gone soon.
I'd think they would be making money...somehow. Why invest if you don't see a return?
Thanx, I've always wondered about that. I have stopped in other BBs, they seem a bit better than the Bridgewater store. Not sure why that particular store is so bad. I would like to see more stores of the same ilk, but I guess we're not gonna see that what with Amazon. Not sure what to make of CC giving it another try.
Can't believe folks that have that kind of money are dumb enough to throw it away on a bad investment, there must be a way to make money on that poor investment.
What do you think caused the demise of Sears? Both big Sears stores in my area are on major highways, good locations, heavy traffic roads (RT 1 and RT 22, can't get much heavier than that), and they go out of business...why? Just bad management?
The customers changed. It is ironic that a company that built its business on mail order saw their demise due to mail order.
Getting the Sears catalog was once something special. Internet ordering is not so special. If Amazon closed tomorrow it would be missed but there are dozens if not hundreds of other places to go. Amazon is smart to diversify into every type of online sale (physical and electronic) and various products including media. And they found a way to make their IT department a revenue producer instead of just something to support their business. You too can put your business on Amazon's servers.
Perhaps 50 years from now someone will be saying "do you remember Amazon" the way we now recall the Sears catalog (and Radio Shack and other businesses that were core to our lives only a decade or two ago). No business will last forever.
Just saw this on TV.
Walmart is abruptly closing 63 Sam's Club stores and laying off thousands of workers
- Not that long ago, general credit card were much harder to get. Only traveling business men and upper middle class and above had these. Most people got credit through the stores. And Sears was VERY liberal on who it would give credit to. So a lot of people shopped at Sears, notwithstanding the price, selection, or quality, because they could get credit. Today, you can just put it on your Visa and look for the best price.
- Labor costs. Sorry but retail is not a lifetime job. Sears labor costs, fueled by careerists, are still way too high.
- Wal-Mart. Why did Wal-Mart make it to be the national discount retailer, from West Dumptruck, Arkansas, when 1000 similar stores fell away. Because if Wal-Mart could save 0.003 cents on a ton of plastic pipe, it would, and pass that savings, or at least some of it, on to the customer. A lot of retailers, including Sears, had mark ups so high, they could be fat dumb and happy and be happy to be fat, dumb and happy. Wal-Mart was tough with suppliers and landlords while others just thought they could pass on anything to the customer.
- Sears had a special relationship with rural America, via its catalog. It got out of that just minutes before the internet became a thing. Huge mistake.
- Odd mix of things. Look at what Sears sells. What it sells is not logical. Just not.
- K-Mart. The merger is like too sick people marrying in hopes they can cure each other. K-Mart was dying and should have been left to die.
That Sam's Club in Princeton, NJ is near RT 1 and in an area that is very upscale. I am surprised. I used to go the the SC in East Brunswick, another dismal store. They leave that open and close the Princeton store, that's odd.
Not often I get such a great, well thought out answer to a question. Kudos, Sam. And thanx. I think you got it right on the button. I had no idea all that was going on.
Thought I was done here, then I checked my phone and I have a notification about the closings. Gotta love smartphones!
My guess is that this is mainly due to competition from Costco, and to a lesser extent BJ's Wholesale Club. To me Sam's Club seems too much like Walmart, why should I need to pay a membership fee to shop at an almost-Walmart?
I have 2 reasons that I do not shop at Sam's at all.
1. I do not think I should have to pay to shop there.
2. There are just 2 of us and their packaging is just too large of a purchase to just sit around for months until it is gone.
I dont agre with the comparisons of Sam's to Walmart especially in the food area. I will NOT buy fresh food at Walmart but Sam's has some of the best meat short of a high end meat market. Then there is the customer service, one time they were out of rib eye steaks, I asked if there were any more in back, there was not but he cut some for me right there. Basically if it is already frozen, freezable or non-perishable I buy it at Sam's If it last me 6 months who cares, that is just less trips to the store
We have three choices here, Sam's, BJ's and Costco. I think the shopping experience is best at Costco, never cared for Sam's and BJ's is kinda uninteresting. Just my opinion.
Is your Sam's Club a pleasant place to shop? Ours isn't.
I avoid both places. I have been in Walmarts that I liked, but ours is...unpleasant. Very few employees speak English, not enough cashiers no matter what time you go (lots of registers, not many manned) and the place is just kinda dirty.
Sam's Club is the only such entity in my area. I have not been there since I became single again, as the large sizes do not fit my lifestyle. The closures seem fueled by local conditions that people on the ground near particular stores can explain.
Of the Wal-Marts in my area, like their competitors, particularly Kroger, vary greatly depending on the micro-economic conditions of each one's service area, which is a fancy way of saying the ones that serve more successful people's residential areas are way cleaner, more well stocked, have sharper staff, and better items than those that serve poorer folk. I don't mind it, and think the company gets unfair criticism at times.
Call me a conspiracy theorist, but I always thought the Waltons were using Sam's Club as their first defense against the government ever saying they were getting "too big". If worse came to worse, they could simply spin or sell off Sam's Club and keep right on going with their main store system.
I had a membership through a former employer of my wife's. When she changed jobs the membership lapsed and we found other places to shop. We never bought a lot at Sams Club and part of the reason was that at the time they did not accept major credit cards. They accepted Debit cards. At the time my bank would charge me for using a debit card but not for using a credit card on the same account.
Three of the 63 are in Indiana, two near Indianapolis and one in the small town of Goshen. I wondered why the Goshen store was ever opened but it seemed to be more of a store to serve the county than just the city. There is another store within 20 miles. 110 people out of a job in Goshen ...
In better news WalMart announced a new minimum wage for their employees and will be handing out bonuses up to $1000.