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Old 03-23-2017, 03:49 PM   #1
CaptainCrunch
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Default Looks like Sears Canada is gonna die

https://www.thestar.com/business/201...ts-future.html

Almost sad, when I was just a little one I remember that the Bay and Sears were kind of the big dog, get whatever you need stores, and you'd drive two hours to the city in the middle of winter and it was like a big day.

I remember loving the toy section, they had everything, the only things that I didn't get there when I was a kid was hockey equipment for that you went to Canadian Tire.
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Old 03-23-2017, 03:50 PM   #2
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Old 03-23-2017, 03:52 PM   #3
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Maybe it's just me but I'm surprised to learn Sears is even still around.

Regardless, I think we're starting to see the beginning of the end for the brick-and-mortar department store as online shopping is both demonstrably more convenient for consumers and exponentially more cost-effective for shareholders.

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Old 03-23-2017, 03:54 PM   #4
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Sears has been on life support for a number of years.
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Old 03-23-2017, 03:56 PM   #5
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I went into Simons in downtown today. Wow! They must have spent a fortune on that store.

I didn't expect much based on what I remember of Simons in Montreal but I'm super impressed by the architectural and interior design. The space is really unique and creatively set up to make the most of the compact space. You can see vestiges of the old food court and Lancaster layout hidden in the maze. It's really cool.

I'm not surprised Sears is going to die. The US version is managed by the worst CEO in America and they make all their money off their real estate holdings. In the meantime, all their stores haven't been updated since 1985 so of course, their only clientele are starting to die from natural causes. Sears Canada is separate so it could somehow live on longer but I don't really see how.

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Old 03-23-2017, 03:57 PM   #6
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It's sad that the company that pioneered shopping at home, via catalog, wasn't able to transition to online sales. This has been inevitable for awhile. They've survived by selling off brands and their sizeable real estate holdings.
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Old 03-23-2017, 04:00 PM   #7
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Originally Posted by DownInFlames View Post
It's sad that the company that pioneered shopping at home, via catalog, wasn't able to transition to online sales. This has been inevitable for awhile. They've survived by selling off brands and their sizeable real estate holdings.
They also had the Discover card and an initial online store before Amazon ever took hold. They could have had everything but it was run by idiots for decades.
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Old 03-23-2017, 04:06 PM   #8
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On the 660 news business report they said that Sears Canada was OK, and was re-branding itself. Basically not affected by what was going on in the States.

I don't see anything in that article that contradicts what I heard.
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Old 03-23-2017, 04:08 PM   #9
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Curious how their Logistics arm will hold up.

They had a good business model delivering goods to rural Sears pick up locations and then taking third party freight back to the cities. Won't really work without those rural stores.
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Old 03-23-2017, 04:29 PM   #10
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I remember when I was a kid they had the Sears Wishbook around Christmas time. That thing was massive and had a huge section on toys.
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Old 03-23-2017, 04:42 PM   #11
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Originally Posted by savemedrzaius View Post
I remember when I was a kid they had the Sears Wishbook around Christmas time. That thing was massive and had a huge section on toys.


http://www.cdarchive.ca/ <- unfortunately they haven't updated in years

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Old 03-23-2017, 04:43 PM   #12
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Dibs on the Sears property by SAIT. That and the surrounding massive parking lot are some of the best property in Calgary.

In other news, anyone have like 200M to lend me?
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Old 03-23-2017, 05:18 PM   #13
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I don't see how sears manages to survive up in Canada. Their stores are old and need a facelift, Amazon and the likes are killing them, and their products just seem outdated on the shelves. They'll have to sell stores and property to keep their pensioners happy.
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Old 03-23-2017, 05:33 PM   #14
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Quote:
Originally Posted by Hack&Lube View Post
I remember having a big debate with a buddy about an article for sale in the catalogue. Basically we argued on whether or not they were selling a vibrator.


I said they were he said they weren't.


Seemed important at the time.
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Old 03-23-2017, 05:40 PM   #15
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Who was right?
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Old 03-23-2017, 05:41 PM   #16
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I can't even remember the last time I stepped into a sears
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Old 03-23-2017, 05:52 PM   #17
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I like Craftsman tools. When they started cutting back on stocking tools there was no real reason for me to enter a Sears store.
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Old 03-23-2017, 05:54 PM   #18
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Quote:
Originally Posted by undercoverbrother View Post
I remember having a big debate with a buddy about an article for sale in the catalogue. Basically we argued on whether or not they were selling a vibrator.


I said they were he said they weren't.


Seemed important at the time.


The guy who said it was a vibrator was right.
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Old 03-23-2017, 06:00 PM   #19
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Honestly, Props to The Bay, I shopped there a few times around the holidays, and they have really kept current as a department store.

Haven't been to sears in a long time, in the good old days their club program could get you 4% back in rewards, it was fantastic until they revised it, and that began the end of me shopping there.
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Old 03-23-2017, 06:09 PM   #20
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Moderately relevant.

The only fond memory I have of Sears is also of that giant Christmas catalogue. Other than that, I always thought the place was dreary and unpleasant.
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