Sears Holdings Corp. is reaching into world of “Moneyball” for guidance as the retailer tries to turn around its struggling business.
The operator of Sears and Kmart stores said Thursday that Paul DePodesta, vice president of player development and amateur scouting for the New York Mets, has been elected to its board.
...“DePodesta’s ability to scrutinize data and use it to assess talent and drive execution makes him ideally suited to join our board,” Sears Holdings Chairman Edward Lampert said in a statement.
DePodesta graduated cum laude from Harvard University with a degree in economics. The election of DePodesta increases the number of directors on its board to eight.
Sears operates more than 2,600 stores in the U.S. and Canada. The Hoffman Estates, Ill.-based company is trying to restore profitability after struggling with tough competition and weak sales. The company is in the midst of a plan to cut costs and reduce inventory. It also has invested heavily in improving the customer experience in its stores and merchandise to help improve sales.
Shares of Sears gained 40 cents to $42.78 by midday. Its shares have lost roughly half their value since their 52-week peak in March at $83.43.
Repoz
Posted: December 13, 2012 at 01:52 PM |
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1. Hello Rusty Kuntz, Goodbye Rusty Cars Posted: December 13, 2012 at 02:15 PM (#4323869)Customer service is pretty terrible, too. I bought a washing machine from Sears, and it broke in the first month I had it, and it took me a full year of trying to get it repaired or replaced before the company eventually gave up and refunded my money. Never again.
Just saying.
That sounds a lot like Costco's model.
They're called "department stores".
They used to produce pornography, before the Internet.
Do you think your dad would make a good TV host?
They must do a heck of a business in appliances and tools, because those are the only parts of the store, which makes the other 3/4 of the stores a massive waste of space.
Well he did work for a branch of the federal government in a law enforcement capacity. I don't think he had the voice that John has for it.
It appears to be a viable career move. Isn't that Holloway girl's mother now hosting a TV show? Something disconcerting about that, to me at least.
When I was a kid Sears was one of the anchor stores at our mall. Bought our first color TV from Sears and possibly even the Atari we had. We probably got our school clothing from there as well.
The catalog of choice for us when I was a kid was the Service Merchandise catalog. Especially their Christmas catalog. My sister and I would flip through those pages dreaming about all the toys in the catalog and filling our lists with tons of toys from the catalog. I don't think we ever got anything on our list. At least not me. I think I stopped making a list around 9 or 10. After the catalog business folded up in the early 90's I moved on to the Egghead Software catalog for teenage fantasies. Earl Weaver Baseball, mmmmmm. . . .
The warehouse is gone, the main store is now the Unemployment office, and Army Street is no longer, changing it's name to Cesar Chavez Street years ago.
Sometimes growing older sucks.
The first Atari I played on was the Sears branded version.
I'm probably one of the youngest people to be able to honestly say he shopped at the Crosstown Sears in Memphis. It's a huge, tall building (last I heard being remodeled into apartments for the insufferable hipster ########## who've already polluted and gentrified every other part of Midtown) and AFIAK the original Sears in the city. One floor at Xmastime was nearly all toys and it had Empire Strikes Back action figures you couldn't get anywhere else except out of the catalog. The mall anchor Sears stores were never as good. IMO the Sears wishbook was better than Service Merchandise's catalog exactly as much as the Service Merchandise stores were better than Sears anchor stores - for toys, I mean; nothing else mattered at the time.
Their apppliances are still excellent, however. We bought a washer-dryer set from Sears when we got married in 1992. The dryer finally gave out two years ago. The washer's still going strong, which is particularly impressive considering how many damn times we've moved.
Glad to see people appreciate Sears's appliances. The guy who sold me my vacuum cleaner really knew a huge amount about vacuum cleaners. It's superficially depressing to interact with a guy who has been selling vacuum cleaners at Sears for 20 years, but that's just because I'm used to the 21st-century economy. Maybe that's a good job. What do I know.
That was my local Sears growing up, at the Hollywood Fashion Mall. My grandparents used to drop me off at the Atari game so I could kill time while they shopped, which is exactly what Walsh's parents were doing when he was taken. Looking back I'm still amazed that they didn't completely flip out and buy me a leash; what is the appropriate reaction for a parent when a local kid is brutally murdered doing the exact same thing your own kid does routinely?
appliance wise, Sears is still quite good, the people in there are really good, much better than a HomeDepot/Lowes for expertise. I've followed the co. for awhile, and they simply do not put money into the stores, hence the public finds them stuck in a 1980s mode.
There's no Sears where you are? It sounds like you're talking about Woolworth's or Ames.
I remember thinking that about 8 years ago, about a pocket radio. "Isn't it a good idea to have a portable radio? Why is my only radio the one in the car? I like listening to the radio." Sears was the obvious place to go.
I'm pretty sure there were podcasts, even 8 years ago.
Also radio and podcasts fulfil completely different functions, with completely different content, in my life at least.
I've also bought a TV at Sears. It had a good price at the time. I certainly don't go to them a lot, but they are pretty good for major appliances.
Do Craftsman tools still have a lifetime warranty?
I went into Sears about 30 years ago to buy a 1-1/4 inch open-end wrench to work on my 1972 Gutlass. The guy looked at the small screen of that ridiculously huge Sweda register, chuckled, and said, "I'm gonna sell it to you for that!" I walked out of there with that huge wrench that cost me precisely $0.01
Tell DePodesta to fix THAT!
AFAIK they still do; you really have to work hard to destroy an open end wrench. The Whirlpool thing you mentioned is not true. My uncle worked for Whirlpool for 30+ years and he told me the reason the appliances at Sears were cheaper was that Sears contracted to buy a buttload of them and thus got a huge deal on the cost. This in turn allows Sears to sell the same appliance more cheaply than a Whirlpool dealer. As you might expect this made the Whirlpool dealers unhappy and the corporation was always having to offer them incentives to keep them on board. The quality thing is likely just random noise; as a rule appliances like washers/dryers/refrigerators are pretty reliable. Where things go wrong are on the high end models with the fancy controls and other bells and whistles. The difference between a basic washer with the old style manual controls and a high end washer with electronic controls is the controls, the motor and pump are the same.
Kenmore is the Sears "house" brand but like everything in the US its production is outsourced. Appliances such as fridges, washers or dryers could be made by LG, Samsung or Whirlpool. Sears does have the best selection because (as of a year or so ago) they had the 10 most popular brands. For instance, you would not be able to buy a LG washer in Lowe's or a Samsung at Home Depot, and of course Kenmore is only available at Sears - I used to work in the industry.
They do, and they'll still replace broken wrenches that are 30-40 years old with a comparable modern wrench from their inventory. I have a coworker that is a flea market go-er and an antiquer. He buys any old craftsman hand tool he finds and takes them to sears to get a brand new replacement.
My father-in-law has been an auto technician for 25+ years. He exclusively used craftsman for all his tools. When you are using tools for 8 hours a day 5-6 days a week, you pay the extra for quality and the lifetime warranty. He's the service manager now, and he said the new technicians use a combination of craftsman and snap-on. Snap-on offers the lifetime warranty and they are comparable if not better in terms of quality to craftsman. Snap-on has one-upped Sears with their distribution though. Every few weeks a Snap-On distribution truck will come to the garage to fulfill & take orders and do the warranty replacement. It's really a nice convenience factor for the 9-5 mechanic.
Craftsman power tools are not lifetime warranty though, but they do have an X year warranty. I own a few cordless power tools (drill, circ saw, driver, etc); and for the price I'm not sure you could find better. Yeah a Makita drill would be a lot better, but not 2x better than a craftsman. At least not for the typical homeowner that also does a little carpentry on the side.
The Craftsman brand still has some value and clout in the world, even if it's not as powerful as it was a generation ago. Outside of craftsman (and that includes hand tools, power tools, and lawn equipment) and maybe appliances; there is no reason to shop at Sears. I do enjoy K-mart carrying craftsman though. The easiest "department store" for me to get too is K-Mart, so if I need a particular size crescent wrench, I can bypass the local hardware stores and go to K-mart to pick up a Craftsman with no extra hassle.
Not so much. The Twins are moving to FM next year. The other sports-talk station here already moved to FM. I am pretty certain MP3 players and ipods are driving the changes. People still want to listen to a ballgame but an ipod can't do AM.
A lot of it is also that FM sounds so much better than AM.
I occasionally go to the Sears on State Street in search of underwear and wrenches and things like that. A few months ago a Target opened more or less across the street, so that Sears is doomed.
Kmart, otoh, is ######.
My vinyl copy of Licensed to Ill came from the LR Sears, too.
My first credit card, obtained while I was a near-penniless college student (they must've forced it upon me, because there's no way I would've thought to try to get one), was from Montgomery Ward. I still remember the number.
First off, there weren't any ofvthem anywhere in plain sight.
Second off, it took twenty minutes for a retail associate to appear. She immediately told me that she was the wrong sales associate and left to get the "right" one.
Third off, the "right" sales associate appeared ten minutes later, made a failed cursory search, and said "The website never gets our inventory right. I think we used to have some but not any more." I got out my phone and ordered one from Amazon right in front of her and told her the same thing I later told my girlfriend and am telling you now: Sears is obsolete, and if they don't adapt to modern times they are doomed.
I have never gone back to Sears since, nor will I.
The company as a whole has little chance of surviving. Eventually the annual article in the business section of the paper predicting that this is the year that Sears and Kmart are going to fail is going to be true, I think it's inevitable at this point. Kenmore and Craftsman are still really strong brands that deserve the reputation they have but they're doomed to being sold off to the highest bidder at some point.
The K-Mart near me is uninviting, like their clientele. It was recently announced that Walmart is buying the property and will be razing that building and the adjacent Holsum Bread bakery and store to make room for their new monstrosity. So I guess Walmart is the Borg of retailers.
I remember thinking that about 8 years ago, about a pocket radio. "Isn't it a good idea to have a portable radio? Why is my only radio the one in the car? I like listening to the radio." Sears was the obvious place to go.
Would have to get in my car and lose my parking space to drive out of the city to get to a Sears. Not doing that.
I seem to recall it was the belief that Sears wanted KMart primarily for the real estate, rather than the stores themselves, then the real estate market went kersplat, no?
Lord and Taylor was where the womenfolk would shop for upscale clothes, jewelry, perfume, and such. Marshall Field's was where you would shop for generally nicer things. Men would shop at Sears for mangear like tools, appliances, gadgets, tv, lawnmowers, and such. JCPenney was the low end store.
I thought the same hedge fund manager that bought KMart then used KMart to buy Sears and is basically using the asset to pump cash into his other ventures.
Oops... looking up some of the old articles from the time of the merger, I did have things slightly mixed up in that it was Lampert, the hedge fund manager, who was envisioned as using Kmart for its real estate and using Sears as the ongoing retailer.
That just seems like an incredibly odd thing to be able to get rich at, like finding out the pull tabs on old beer cans are worth $100 apiece.
And if their stuff is what falls below Whirlpool's quality standards, their appliances must be complete pieces of ####.
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