BTW, the merger of Sears-Kmart was all about real estate, but I think that went to shit too, along the the Kmart/Sears stores that 1985 wants back...
Sears Closing Over 100 Stores
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In the 1990's, Kmart built a state-of-art store in my town (for a Kmart, mind you). They put it on the initial list of closings in the early 2000's. I actually liked shopping there. The closure made no sense in the long term with the real ghetto Kmarts here being left open. They also are paying some shit bastard reality company a fuckload of money to close out the lease which also made no sense and has kept the place vacant for over a decade now, even though it's a relatively new retail space...
It's a miracle that Kmart/Sears made it this long and I think they were about to close a about 5-10 years ago but received a reprieve with a buyer that was mostly about real estate and not renovating stores or investing in them long term. It's sort of sad when iconic brands like Ames close and cede competition to cunt companies like the Walton whores..Last edited by Nickdfresh; 10-24-2014, 10:36 AM.Comment
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Yeah the old Kmart building here has been vacant for years. Not sure why they can't fill the building, since it would be a great location for either retail, or a large office space. It just happened to be too close to the Sears store (only a freeway separating the two) so the corporate suits didn't want to keep both of them going.
Of course this one wasn't all that state of the art either. Or at least I don't think it was.... I don't think I had actually been in the store since the 1990s.Eat Us And Smile
Cenk For America 2024!!
Justice Democrats
"If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992Comment
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Yeah the old Kmart building here has been vacant for years. Not sure why they can't fill the building, since it would be a great location for either retail, or a large office space. It just happened to be too close to the Sears store (only a freeway separating the two) so the corporate suits didn't want to keep both of them going.
Of course this one wasn't all that state of the art either. Or at least I don't think it was.... I don't think I had actually been in the store since the 1990s.
Some of these outfits negotiate a tax free deal and then they can use an empty building as a tax write off. Who knows. Sometimes things that don't make sense make sense when you look at the overall picture. Also, the CEO will get paid lots of money regardless of their performance. You can run a company into the ground and come out smelling like a rose when you are on top.Last edited by Nitro Express; 10-24-2014, 01:46 PM.No! You can't have the keys to the wine cellar!Comment
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Not exactly the people who are going to be buying a lot of stuff or a new home. So we are going to see a decline in real estate and another problem with homes and buildings is they last a long time. They are usually remodeled instead of being torn down and new ones built. So a long downturn in real estate and construction is going to be the result and they aren't going to be the investment opportunities they have been for the last 50 years.
So get ready to see more empty buildings in general.
So what will save us is some sort of massive tragedy that wipes out most the real estate and to pass the time, the surviving people have sex like mad. Since all the birth control has been wiped out the women have babies and since the only thing left to do is to fuck, they have baby after baby. This creates a new baby boom. When the babies grow up they need houses and places to buy shit. A new booming economy happens.
So pray for more earthquakes, tornados, hurricanes, pestilence and war. Like the bible says. You got to go through the shit to get to the land of milk and honey.Last edited by Nitro Express; 10-24-2014, 01:57 PM.No! You can't have the keys to the wine cellar!Comment
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Some of these outfits negotiate a tax free deal and then they can use an empty building as a tax write off. Who knows. Sometimes things that don't make sense make sense when you look at the overall picture. Also, the CEO will get paid lots of money regardless of their performance. You can run a company into the ground and come out smelling like a rose when you are on top.
Sorry. Scratchy throat.Comment
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What. You don't think big retailers get property tax breaks? A lot of corporations do. I saw one city give away the farm for a solar panel manufacturer only to see the company run out of money before the plant was finished. A scrap dealer made an offer on what was completed and no jobs resulted. Politicians will give away the store for bribes or for jobs they can claim they brought for re-election. That's why if you run a small business most politicians don't give a rat's ass about you. You don't bribe them enough and you don't have the big name or hire enough people to brag about.
The funny thing is the mayor who negotiated the solar company deal used that as bragging rights to get re-elected but he failed in his campaign. This is how stupid many of these politicians are.
So who knows what the big picture is unless you know what the overall accounting/financial strategies are and what deals have been made. Sometimes a piece of shit is an asset for somebody and piece of garbage to others.Last edited by Nitro Express; 10-24-2014, 03:11 PM.No! You can't have the keys to the wine cellar!Comment
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The first house my grandfather built was a Sears and Roebuck mail order house. You built the foundation and the wood and other parts were delivered. If you were a good builder and followed the instructions you got a pretty decent house. Since all the wood was cut and shaped in an industrial wood working factory everything fit tight. My dad always bought Sears stuff because if it broke they would replace it and you could always get parts.
Sears used to mean quality for the dollar but maybe they let the quality slip, the prices rise and they never marketed the brand very well in the later years. Plus there is too much retail for the demand right now and a shakeout is needed. It looks like Sears is going to go the way of Oldsmobile. A historic brand that once meant quality but became forgotten.
http://en.wikipedia.org/wiki/Sears_Catalog_HomeComment
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Yeah the old Kmart building here has been vacant for years. Not sure why they can't fill the building, since it would be a great location for either retail, or a large office space. It just happened to be too close to the Sears store (only a freeway separating the two) so the corporate suits didn't want to keep both of them going.
Of course this one wasn't all that state of the art either. Or at least I don't think it was.... I don't think I had actually been in the store since the 1990s.Comment
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I'll miss Sears for one reason. It was easy to get new electronics at Sears for half price. You get a friend to buy something you want and then return it. Then you buy it for half price as a returned item. The salespeople didn't give a shit. They even let me buy stuff I returned for half price as long as I paid cash.Originally posted by wiseguyThat shit will welcome you in the morning and pour the milk in your count chocula for ya.Comment
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I think half of what c-dog posts exists only in the fiction of his own mind. He once claimed that he bought vodka at Big Lots stores, and then when it was pointed out that particular retail chain doesn't sell alcohol (except for the non drinkable rubbing alcohol kind) he denied ever saying it.Eat Us And Smile
Cenk For America 2024!!
Justice Democrats
"If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992Comment
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Yeah... I was trying to be diplomatic about it.Eat Us And Smile
Cenk For America 2024!!
Justice Democrats
"If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992Comment
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