Sears, K-Mart, and now Lowes
Delj, Tue Nov 06 2018, 05:23PM
Lowes has just announced a number of closures, about 4 - 5 in California.
K-Mart is quite bad off, financially worse than Sears. The Big Bear store appears quite busy and well-stocked but they are actually selling off existing inventory from other store closures. Nothing being added or reordered.
Serious questions arising about warranty support for Kenmore/Die Hard items already sold or to be sold.
Re: Sears, K-Mart, and now Lowes
SCM ALERTđ¨, Tue Nov 06 2018, 05:31PM
Thanks Del. I did hear on the news that they were going to support all Sears warranty commitments regardless of how things go for the company. I just had sears up to fix my snowblower... No wonder its not snowing
Re: Sears, K-Mart, and now Lowes
MrOwl, Tue Nov 06 2018, 06:23PM
Sears owns Kmart
Re: Sears, K-Mart, and now Lowes
Delj, Tue Nov 06 2018, 07:40PM
Yes, but the K
-Mart portion may get sacrificed to save Sears.
Re: Sears, K-Mart, and now Lowes
SSJ2012, Tue Nov 06 2018, 11:29PM
If Sears/Kmart closes, rest assured another discount super store will end in its place, most likely a Walmart. Big Bear Kmart is one of the best performers in company. The Kenmore brand is likely going to be sold off along craftman and other highlights of Sears Brand.
Honestly, the last time I purchased something over $100 from either Sears or Kmart was 10 years ago.
But Lowes isnât surprising, as hardware store they lack the edge of providing to professionals the way Home Depot or other lines can. Go to Home Depot in morning and see how many contractors are there, then head over Lowes. Also has my wife points out, Lowes has horrible customer service.
Sears had the infrastructure back in the early days of the internet and the name it could have been the Amazon of today. But they made bad business decisions.
Re: Sears, K-Mart, and now Lowes
Delj, Wed Nov 07 2018, 11:49AM
Our basic BBV problem is lack of a full time population. Big stores want a large daily market. Our sole advantage is that the store would have no competition. Target???
I see that Staters is physically expanding.
Re: Sears, K-Mart, and now Lowes
HazMatMind, Wed Nov 07 2018, 01:01PM
Hope Staters expands its roster of cashiers as well.
Re: Sears, K-Mart, and now Lowes
Benny â, Wed Nov 07 2018, 05:23PM
Oh really? Did they gobble up a couple units adjoining them to the north? I rarely go in there so I dunno.... Just remember that it took forever to check out.
Re: Sears, K-Mart, and now Lowes
Delj, Wed Nov 07 2018, 07:08PM
Yes, the north side is being expanded to allow bulk items.
Re: Sears, K-Mart, and now Lowes
cricket, Thu Nov 08 2018, 08:26AM
OUR luck up here they would take that bldg and make it into a Dollar General, Big Lots, or some other subprime store.
Re: Sears, K-Mart, and now Lowes
OldJoe, Mon Nov 12 2018, 08:32AM
There are Amazon stores. I don't know any locations. A Dollar General type is my guess.A public locally owned bank would likely return the most benefits to Big Bear.
Re: Sears, K-Mart, and now Lowes
Cap'n Crunch, Wed Nov 14 2018, 07:00AM
Cricket hit the nail on the head.
Re: Sears, K-Mart, and now Lowes
Socalman, Wed Nov 14 2018, 08:31AM
If the local K-Mart closes, my personal preference would be a Target over a Walmart. I feel that much of the merchandise from Walmart tends to be a bit inferior compared to Target. BRING THE RED!
Re: Sears, K-Mart, and now Lowes
NShore.Allen, Wed Nov 14 2018, 03:42PM
They who own the property must find a tenant that can pay the rent.. or they will sell the property. Anyone knows who owns the property?
Re: Sears, K-Mart, and now Lowes
Mtngoat Johnâ, Wed Nov 14 2018, 04:19PM
Not necessarily there was a Kmart down here by us, it closed and the property owner entered into a contact with Home Depot to occupy it. The town folk ran Home Depot away so it sits vacant with a 24 hr guard and has been vacant for about 8 years +-. The owner of the property is a family trust and estimates by local real estate agents are that they are losing around $110-150K per month in lost revenue. Due to the town folks action the trust refuses to rent the eyesore and speculation is they just take a tax right off instead.
Re: Sears, K-Mart, and now Lowes
NShore.Allen, Wed Nov 14 2018, 04:35PM
I think I remember that from the news.. eyesore indeed!
Re: Sears, K-Mart, and now Lowes
Delj, Wed Nov 14 2018, 06:26PM
Should K-Mart shut it's doors, Subway and the quilt shop will be all that remain.
Re: Sears, K-Mart, and now Lowes
NShore.Allen, Wed Nov 14 2018, 09:41PM
Too bad electricity is expensive, a big cold box is perfect for server farms or bitcoin mining..,
Re: Sears, K-Mart, and now Lowes
TIREGUY, Tue Nov 20 2018, 01:15PM
AMAZON is crushing retail.
Re: Sears, K-Mart, and now Lowes
Delj, Wed Nov 21 2018, 07:21PM
How about a climate-protected pot plant?
Re: Sears, K-Mart, and now Lowes
cricket, Wed Nov 21 2018, 09:19PM
Sears holdings owns the property where Kmart is. The whole shebang
Re: Sears, K-Mart, and now Lowes
Jellylorum, Wed Nov 28 2018, 08:53AM
The Grizzly is reporting that the local KMart is up for auction in January. Whatever the winner opts to do, is up to them. It could remain a KMart, or not.
Re: Sears, K-Mart, and now Lowes
Delj, Sun Jan 06 2019, 03:55PM
Down to the wire!
Sears Holdings Corp. is preparing to potentially wind down the iconic retailer after Chairman Eddie Lampertâs bid to buy several hundred stores out of bankruptcy fell short of bankersâ qualifications. While Lampertâs ESL Investments has failed to convince the bankers of the viability of its bid, it could still make last-minute improvements before a status hearing on Tuesday. Lampert also has outlined a back-up plan in which ESL would pursue the purchase of some of Searsâs parts, including real estate and intellectual property, such as its brand.
Re: Sears, K-Mart, and now Lowes
skypros, Tue Jan 08 2019, 08:05AM
Looks like Kmart will now Liquidate....
There were 3 places that I shopped while I lived in Big Bear.... Butchers Block, Stater Bros & Kmart.
I remember when I first moved there in 1999..... Kmart had a nice selection of plants / yard decor. They had 1/2 oak barrels for 1/2 the cost of anybody and their plants were really inexpensive.
I really liked the BB Kmart !!
I hope somehow the doors will stay open with another "discount" retailer.... And hopefully they will include a very good selection of food.
In Huntington Beach, I remember when they built the Kmart.... and it was my go to store for all my childhood (that and whitefront and fedco). That Kmart was demolished and a Home Depot is now there.
R-I-P Kmart
Re: Sears, K-Mart, and now Lowes
NShore.Allen, Tue Jan 08 2019, 09:03AM
here's the technical information on the bankruptcy and liquidation
[Click Here]
Re: Sears, K-Mart, and now Lowes
MrOwl, Tue Jan 08 2019, 09:16AM
Will JC Penney survive?
Re: Sears, K-Mart, and now Lowes
Delj, Tue Jan 08 2019, 10:27AM
Sears Holdings will ask a bankruptcy judge today if it can proceed with liquidation after it could not reach an agreement on chairman Edward Lampert's $4.4 billion takeover bid, people familiar with the matter said, potentially spelling the end for the 126-year-old U.S. department store chain.
Re: Sears, K-Mart, and now Lowes
Socalman, Sat Jan 12 2019, 07:13AM
Once again, I hope the K-Mart could become a Target.
Delj, Tue Nov 06 2018, 05:23PM
Lowes has just announced a number of closures, about 4 - 5 in California.
K-Mart is quite bad off, financially worse than Sears. The Big Bear store appears quite busy and well-stocked but they are actually selling off existing inventory from other store closures. Nothing being added or reordered.
Serious questions arising about warranty support for Kenmore/Die Hard items already sold or to be sold.
Re: Sears, K-Mart, and now Lowes
SCM ALERTđ¨, Tue Nov 06 2018, 05:31PM
Thanks Del. I did hear on the news that they were going to support all Sears warranty commitments regardless of how things go for the company. I just had sears up to fix my snowblower... No wonder its not snowing
Re: Sears, K-Mart, and now Lowes
MrOwl, Tue Nov 06 2018, 06:23PM
Sears owns Kmart
Re: Sears, K-Mart, and now Lowes
Delj, Tue Nov 06 2018, 07:40PM
Yes, but the K
-Mart portion may get sacrificed to save Sears.
Re: Sears, K-Mart, and now Lowes
SSJ2012, Tue Nov 06 2018, 11:29PM
If Sears/Kmart closes, rest assured another discount super store will end in its place, most likely a Walmart. Big Bear Kmart is one of the best performers in company. The Kenmore brand is likely going to be sold off along craftman and other highlights of Sears Brand.
Honestly, the last time I purchased something over $100 from either Sears or Kmart was 10 years ago.
But Lowes isnât surprising, as hardware store they lack the edge of providing to professionals the way Home Depot or other lines can. Go to Home Depot in morning and see how many contractors are there, then head over Lowes. Also has my wife points out, Lowes has horrible customer service.
Sears had the infrastructure back in the early days of the internet and the name it could have been the Amazon of today. But they made bad business decisions.
Re: Sears, K-Mart, and now Lowes
Delj, Wed Nov 07 2018, 11:49AM
Our basic BBV problem is lack of a full time population. Big stores want a large daily market. Our sole advantage is that the store would have no competition. Target???
I see that Staters is physically expanding.
Re: Sears, K-Mart, and now Lowes
HazMatMind, Wed Nov 07 2018, 01:01PM
Hope Staters expands its roster of cashiers as well.
Re: Sears, K-Mart, and now Lowes
Benny â, Wed Nov 07 2018, 05:23PM
Delj wrote ...
Our basic BBV problem is lack of a full time population. Big stores want a large daily market. Our sole advantage is that the store would have no competition. Target???
I see that Staters is physically expanding.
Our basic BBV problem is lack of a full time population. Big stores want a large daily market. Our sole advantage is that the store would have no competition. Target???
I see that Staters is physically expanding.
Oh really? Did they gobble up a couple units adjoining them to the north? I rarely go in there so I dunno.... Just remember that it took forever to check out.
Re: Sears, K-Mart, and now Lowes
Delj, Wed Nov 07 2018, 07:08PM
Yes, the north side is being expanded to allow bulk items.
Re: Sears, K-Mart, and now Lowes
cricket, Thu Nov 08 2018, 08:26AM
SSJ2012 wrote ...
If Sears/Kmart closes, rest assured another discount super store will end in its place, most likely a Walmart. Big Bear Kmart is one of the best performers in company.
If Sears/Kmart closes, rest assured another discount super store will end in its place, most likely a Walmart. Big Bear Kmart is one of the best performers in company.
OUR luck up here they would take that bldg and make it into a Dollar General, Big Lots, or some other subprime store.
Re: Sears, K-Mart, and now Lowes
OldJoe, Mon Nov 12 2018, 08:32AM
There are Amazon stores. I don't know any locations. A Dollar General type is my guess.A public locally owned bank would likely return the most benefits to Big Bear.
Re: Sears, K-Mart, and now Lowes
Cap'n Crunch, Wed Nov 14 2018, 07:00AM
Cricket hit the nail on the head.
Re: Sears, K-Mart, and now Lowes
Socalman, Wed Nov 14 2018, 08:31AM
If the local K-Mart closes, my personal preference would be a Target over a Walmart. I feel that much of the merchandise from Walmart tends to be a bit inferior compared to Target. BRING THE RED!
Re: Sears, K-Mart, and now Lowes
NShore.Allen, Wed Nov 14 2018, 03:42PM
They who own the property must find a tenant that can pay the rent.. or they will sell the property. Anyone knows who owns the property?
Re: Sears, K-Mart, and now Lowes
Mtngoat Johnâ, Wed Nov 14 2018, 04:19PM
NShore.Allen wrote ...
They who own the property must find a tenant that can pay the rent.. or they will sell the property.
They who own the property must find a tenant that can pay the rent.. or they will sell the property.
Not necessarily there was a Kmart down here by us, it closed and the property owner entered into a contact with Home Depot to occupy it. The town folk ran Home Depot away so it sits vacant with a 24 hr guard and has been vacant for about 8 years +-. The owner of the property is a family trust and estimates by local real estate agents are that they are losing around $110-150K per month in lost revenue. Due to the town folks action the trust refuses to rent the eyesore and speculation is they just take a tax right off instead.
Re: Sears, K-Mart, and now Lowes
NShore.Allen, Wed Nov 14 2018, 04:35PM
I think I remember that from the news.. eyesore indeed!
Re: Sears, K-Mart, and now Lowes
Delj, Wed Nov 14 2018, 06:26PM
Should K-Mart shut it's doors, Subway and the quilt shop will be all that remain.
Re: Sears, K-Mart, and now Lowes
NShore.Allen, Wed Nov 14 2018, 09:41PM
Too bad electricity is expensive, a big cold box is perfect for server farms or bitcoin mining..,
Re: Sears, K-Mart, and now Lowes
TIREGUY, Tue Nov 20 2018, 01:15PM
AMAZON is crushing retail.
Re: Sears, K-Mart, and now Lowes
Delj, Wed Nov 21 2018, 07:21PM
How about a climate-protected pot plant?
Re: Sears, K-Mart, and now Lowes
cricket, Wed Nov 21 2018, 09:19PM
Sears holdings owns the property where Kmart is. The whole shebang
Re: Sears, K-Mart, and now Lowes
Jellylorum, Wed Nov 28 2018, 08:53AM
The Grizzly is reporting that the local KMart is up for auction in January. Whatever the winner opts to do, is up to them. It could remain a KMart, or not.
Re: Sears, K-Mart, and now Lowes
Delj, Sun Jan 06 2019, 03:55PM
Down to the wire!
Sears Holdings Corp. is preparing to potentially wind down the iconic retailer after Chairman Eddie Lampertâs bid to buy several hundred stores out of bankruptcy fell short of bankersâ qualifications. While Lampertâs ESL Investments has failed to convince the bankers of the viability of its bid, it could still make last-minute improvements before a status hearing on Tuesday. Lampert also has outlined a back-up plan in which ESL would pursue the purchase of some of Searsâs parts, including real estate and intellectual property, such as its brand.
Re: Sears, K-Mart, and now Lowes
skypros, Tue Jan 08 2019, 08:05AM
Looks like Kmart will now Liquidate....
There were 3 places that I shopped while I lived in Big Bear.... Butchers Block, Stater Bros & Kmart.
I remember when I first moved there in 1999..... Kmart had a nice selection of plants / yard decor. They had 1/2 oak barrels for 1/2 the cost of anybody and their plants were really inexpensive.
I really liked the BB Kmart !!
I hope somehow the doors will stay open with another "discount" retailer.... And hopefully they will include a very good selection of food.
In Huntington Beach, I remember when they built the Kmart.... and it was my go to store for all my childhood (that and whitefront and fedco). That Kmart was demolished and a Home Depot is now there.
R-I-P Kmart
Re: Sears, K-Mart, and now Lowes
NShore.Allen, Tue Jan 08 2019, 09:03AM
here's the technical information on the bankruptcy and liquidation
[Click Here]
Re: Sears, K-Mart, and now Lowes
MrOwl, Tue Jan 08 2019, 09:16AM
Will JC Penney survive?
Re: Sears, K-Mart, and now Lowes
Delj, Tue Jan 08 2019, 10:27AM
Sears Holdings will ask a bankruptcy judge today if it can proceed with liquidation after it could not reach an agreement on chairman Edward Lampert's $4.4 billion takeover bid, people familiar with the matter said, potentially spelling the end for the 126-year-old U.S. department store chain.
Re: Sears, K-Mart, and now Lowes
Socalman, Sat Jan 12 2019, 07:13AM
Once again, I hope the K-Mart could become a Target.
