recentpopularlog in

jerryking : sears   8

Inside the Decline of Sears, the Amazon of the 20th Century - WSJ
By Suzanne Kapner
Oct. 31, 2017 1:48 p.m. ET
186 COMMENTS
Shoppers hunting for this holiday season’s hot toy, the L.O.L. Surprise, may have trouble finding it at Sears or Kmart stores. Worried about the financial health of the retail chains, the company that makes the toy, a ball that children unwrap to reveal small dolls, has reduced shipments to Sears Holdings Corp. SHLD -5.75%

“We cut their credit line and shortened payment terms,” said Isaac Larian, chief executive of toy maker MGA Entertainment Inc. “If they pay one day late, we will cut them off.”

Sears once dominated American retailing and helped build famous brands, including Whirlpool appliances, Craftsman tools, Schwinn bicycles and Allstate insurance. Now, bleeding cash and losing shoppers, the 124-year-old company is scrambling to keep suppliers—the lifeblood of any retail chain—from bolting.

To guarantee shipments from LG Electronics Inc. and Samsung Electronics Co. , Sears is paying them cash up front for some goods, said people familiar with the matter. Levi Strauss & Co. has stopped supplying women’s jeans to the chain, said another person. At Clorox Co. , “We have certainly adjusted our payment terms,” said CEO Benno Dorer.

A monthslong feud between Sears and Whirlpool Corp. burst into the open last week when the sides couldn’t agree on terms to keep their century-old partnership going. Earlier in 2017, Sears sued two longtime manufacturers of its Craftsman tools to keep them shipping merchandise to stores.
retailers  Sears  Kmart  brands  decline  payment_terms  Whirlpool  Levi_Strauss  Allstate  Schwinn  Craftsman  supply_chains 
november 2017 by jerryking
Internet’s creative destruction in retail just getting started - The Globe and Mail
ROBERT CYRAN

Published Monday, Apr. 29, 2013
the Web's creative-destructive powers are best seen in the overlay of the Internet on traditional industries. Online sales of shoes, furniture and fashion all made the list of rapidly-growing sectors. E-commerce giants like Amazon and Walmart.com usually offer lower prices than traditional retailers – and convenient home delivery. That's bad news for struggling retailers like Sears, Best Buy and J.C. Penney.

Specialty websites, like Zappos for shoes, also offer a wider selection than can be found in rival DSW's bricks-and-mortar shops. The shoe retailer warned that same-store sales are now falling. And the Web's ability to remove middlemen with high fixed costs means nimble startups can dislodge entrenched players. Warby Parker sells eyeglasses for a fraction of the price of the local optician. That also threatens the $25-billion business Luxottica has built in making and selling high-margin spectacles in its LensCrafters, Pearle Vision and Oliver Peoples shops.

The impact of electronic delivery of digital goods, from books to music to games, has long been evident. And it hasn't been pretty for the incumbents. If this latest survey is on the mark, traditional retailers will soon feel the same pain.
creative_destruction  digital_artifacts  retailers  e-commerce  bricks-and-mortar  Amazon  Warby_Parker  value_destruction  home-delivery  Sears  Best_Buy  department_stores  J.C._Penney  bad_news 
may 2013 by jerryking
Following Up With Dan Brown, Inventor of the Bionic Wrench - NYTimes.com
November 26, 2012, 7:00 (share with Paul Boldt)
Following Up With Dan Brown, Inventor of the Bionic Wrench
By GENE MARKS

we definitely need some changes if our country is ever going to protect our significant investments in innovation. Most people do not know it, but we have a double standard in the protection and punishment of intellectual property theft. Without going into all of the detail, the punishment for willful copyright and trademark infringement is a criminal penalty. This is a very strong deterrent for copyright and trademark infringement. The punishment for willful patent infringement is a civil case and not a criminal case. As it stands today, this piracy model for patent theft allows infringers to proceed unchecked for years in the marketplace, often destroying the market, business, and investment of the patent rights owner. The current system forces the victim to fight a protracted and expensive legal battle. If Congress were to simply make those cases of willful patent infringement a criminal case, and we began holding the responsible individuals and officers of the companies personally accountable — as it is in willful infringement of copyrights and trademarks — I believe these infringers would think long and hard before they risked infringing a patented product....Unfortunately, the sales cycle in this business runs well ahead of the delivery cycle. Pioneering a new product into a retailer is very challenging, especially when attempting to convince a buyer whose paradigm is almost totally based on purchasing imported products at very low costs. That is why we worked so hard with Sears to prove the viability of the product and sales program.
delivery_cycle  double_standards  intellectual_property  inventors  litigation  new_products  patents  patent_infringement  patent_law  retailers  sales_cycle  Sears 
november 2012 by jerryking
The New Alchemy At Sears
APRIL 16, 2007 | BusinessWeek | By Robert Berner.

Sears is on the cutting edge of a financial innovation: it has created $1.8 billion worth of securities based on the brand names Kenmore, Craftsman, and DieHard. In essence, it has transferred ownership of the brands to another entity, which it then pays for the right to use the brands. The deal, carried off last May, was the biggest "securitization"
of intellectual property in history....Such daring shouldn't come as a surprise at a Lampert-run shop. When he looks at a company, he sees value hidden from plain view—value that traditional accounting methods often miss. That keen eye is what prompted him to buy up a majority of Kmart's bonds at a deep discount after it filed for bankruptcy protection in 2002. He saw that Kmart's real estate was deeply undervalued by creditors, and figured that would protect his investment.
He was right....Sears says there is nothing unusual about securitizing assets; many companies, including most of the largest retailers, evaluate alternatives to create value from their brands, real estate, and other assets.
Sears  intellectual_property  securitization  brands  hedge_funds  latent  hidden  financial_innovation  undervalued 
december 2010 by jerryking
Sears Revs Up Online Sales Efforts - WSJ.com
JANUARY 15, 2010 | Wall Street Journal | by MIGUEL BUSTILLO And GEOFFREY A. FOWLER
Sears  online  Web_2.0  e-commerce 
january 2010 by jerryking
Sears Launches ServiceLive.com - Bid For Tradespeople - NYTimes.com
February 26, 2009 post by RICHARD MACMANUS in the NYT blog
ReadWriteWeb. Descrbes Sears' launch of a service ServiceLive.com which
connects Sears customers online with local service providers. Real world
Web 2.0 application. Helps Sears better monetize its customer base.
Web_2.0  Sears  tradespeople  skilled_trades 
march 2009 by jerryking

Copy this bookmark:





to read