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Sears Declares Bankruptcy   13 comments

Posted at 1:15 am in commentary

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Well, in a surprise to noone, Sears has declared bankruptcy:

Sears Holdings Corp. filed early Monday for bankruptcy protection from creditors, marking the collapse of a company that dominated American retailing for much of the 20th century.

The retailer, which sought chapter 11 protection in U.S. Bankruptcy Court in White Plains, N.Y., reached a deal with its lenders that will allow the 125-year-old company to keep hundreds of its stores open for now.

As part of the deal, Sears is expected to close at least 150 stores immediately, according to people familiar with the matter. Currently, the company operates roughly 700 Sears and Kmart stores. It employs about 70,000 people.

Of course Sears has basically already exited the Midlands, but there are still a couple of Kmart stores hanging on in the area.

Anyway, it's a far cry from the days of "As Solid As Sears", and it didn't really have to happen. If Walmart can do it, and Target can do it, that, at the least, proves it's possible. And one of the ironies is that probably about the time Amazon started to spin up, all the people at Sears who knew how to run a catalog operation were retiring..

Written by ted on October 16th, 2018

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Think I'll Pass   1 comment

Posted at 1:12 am in commentary

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Written by ted on October 13th, 2018

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Home Again Home Again   1 comment

Posted at 10:36 pm in commentary

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Rainiest two weeks I ever saw at the beach.

I see that here.. Gosh. Guess I should have looked in earlier!

Written by ted on August 5th, 2018

Well, We Made It Through!   no comments

Posted at 10:59 pm in commentary

Assuming the next hour goes well...


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Written by ted on July 13th, 2018

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Fool Me Once..   3 comments

Posted at 2:00 am in commentary

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Written by ted on July 11th, 2018

At Twilight's Last Gleaming   no comments

Posted at 11:59 pm in commentary

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Written by ted on July 3rd, 2018

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Whither Rite Aid?   20 comments

Posted at 11:37 pm in commentary

4730 Forest Drive:

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6118 Saint Andrews Road

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7900 Garners Ferry Road:

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Commenter Mr. BO sends the pictures of the Garners Ferry Rite Aid, saying

I remember when this place was Rosewood Furniture which was raised to make an Eckerds, then I think it was a CVS for a short while before becoming a Rite-Aid. Now Wallgreens purchased the place. With a Wallgreens just a block away, I sort of fear for this store's future. They're not in the system yet so I can't do my prescriptions from Rite-aid's web site and the transfer function only lets you select the store across Garner's ferry from Hazelwood.

I had noticed similar signs on the Forest Acres and Irmo Rite Aid stores: This Rite Aid now has a Walgreens Pharmacy, which is rather like going to Sears and seeing a sign saying This Sears is now stocked by J C Penny.

Looking at google, and Wikipedia, what seems to have been going on is that Walgreens tried to buy the whole of Rite Aid, but the merger was not approved for anti-trust reasons, and Walgreens ended up with only about 2000 Rite Aid locations. Now, the rump Rite Aid chain is in negotiations with the Albertson grocery chain to merge with it.

What actually happens to the stores that Walgreens got is unclear. I would expect many of them to eventually be reflagged, but some of them are really too close to existing Walgreens locations, and those will probably be closed. How close is "too close"? We'll know when it happens, I suppose.

UPDATE 25 September 2018 -- As mentioned by several commenters, the Saint Andrews Road store is now officially a Walgreens:

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Written by ted on April 30th, 2018

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Happy April 15th!   no comments

Posted at 3:23 am in commentary

Be wary of strong drink. It can make you shoot at tax collectors -- and miss
-- Robert Heinlein

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Written by ted on April 15th, 2018

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Spring Is Here!   no comments

Posted at 11:57 pm in commentary

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Enjoy it while you can:

Written by ted on March 20th, 2018

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I Think They Have A Cream For That   no comments

Posted at 10:49 pm in commentary

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Written by ted on January 8th, 2018

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