Lands’ End was spun off in 2014.I wouldn't be surprised if Sears sells off the rest of their popular brands. Craftsman was already sold off at some point, so I think Kenmore and Lands End are next.
Lampert has been instrumental in loading Sears down with debt and continues to profit from the company’s decline. Sears even includes this in their own annual reports:The only difference between Sears and Toys R Us is that someone from within seems to want the company to survive, where TRU's owners were the ones that put the company in debt to begin with.
Exactly, and the reputation of their quality and customer service would have carried them much further than they are now. Toys R Us fell into that same problem...when you're king of the mountain, there's only one way to go...I like your idea. In the modern retail world, it doesn't really make sense for a store like Sears to have much of a mall presence. It probably would have been a really good thing if they moved to strip malls and stopped selling clothes and stuff like that. Too bad those in charge never thought of that. Basically they could have been more like a scaled down Home Depot and Best Buy combo, selling appliances, tools, and electronics.
I like that! However, I'm thinking that may have been a regional offering, because none of the Sears in my area had that. If they did, I would have shopped there more often!
RIP to both. As someone who never really went to sears, but has been to k mart a couple times this news is really sad.Just a note...it was just announced 20 minutes ago that Lampert's bid failed and the entire chain (K-Mart AND Sears) will be shut down and liquidated after 126 years in business.