What's going on with the company ?

Discussion in 'Holland' started by wongway, May 18, 2016.

  1. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    I used to frequent a massive Sears store in East Lansing when I was in the area, I called it heaven.
    Sad to see them go out like this.
     
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  2. buffalobill

    buffalobill Well-Known Member

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    They need to put themselves out of misery...
     
  3. White

    White Well-Known Member

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    Closeout deals on Kenmore green energy products.
     
  4. ABFer

    ABFer Super Moderator Staff Member

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    It is a sad state of affairs. I used to buy all of my appliances at Sears, everything from my vacuum cleaner to my chest freezer. The stuff was all made by big names like Whirlpool et al. I learned to stay away from their stuff made my GE, my parts guy filled me in on that tidbit. Whirlpool, Maytag and I'm not sure what else is all the same company anymore so there really aren't many options.
     
  5. mud

    mud Wonderin'

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    I remember the Flint Michigan of the seventies. I worked for a small airfreight forwarder back then in Romulus Michigan. We shared our small terminal with Blue Arrow Douglas.
     
  6. buffalobill

    buffalobill Well-Known Member

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    Flint used to be a pretty cool place, even 20 years ago...
     
  7. buffalobill

    buffalobill Well-Known Member

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    Don't buy crapsman tools, they suck, and everyone has a lifetime warranty . Want affordable, with a good warranty? Buy tekton, you take a pic of any broken tool, and they FedEx it to you asap.

    Or just buy sk tools, and don't worry about breaking stuff anymore.
     
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  8. Toby

    Toby Well-Known Member

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    Klein tools are for the most part made here as well, Holland hauls a lot of their stuff back and forth between production facilities.

    It is a sad state of affairs for Sears. To think the company that was the "original" template for the likes of Amazon is now being overwhelmed marketshare wise by them. At one time in the long history of Sears Roebuck you could just about order anything from a do it yourself house (yes a house) to a popcorn maker.

    I remember as a kid my parents getting the big catalog each year around September, they would tell my brothers and I to circle our wish list for Christmas in different colors so that they could tell who wanted what. I know that was forwarded off to the grandparents and mom and dad would usually get the cloths we never circled. But it was always fun looking through the thousands of pages of "stuff".

    They, unlike many companies backed their product lines. Craftsman tools were solid and if and when you broke something they would replace it no problem. I am sure we all have or had these in our boxes at some point or another. I know the first set of tools that my dad bought my brothers and I were craftsmen tools since he was tired of us messing in his box.

    The irony to it may just be that Amazon is currently looking to open a second headquarters and Chicago is in the top three in the running for it. After Sears moved out of the tower they moved into a huge campus out in the western suburbs and it is one of their largest property holdings still. If it gets to bad and the offer is ripe they could possibly sell that property to the likes of Amazon since it fits the. I'll they are looking for in their requirements for the second headquarters.
     
  9. Toby

    Toby Well-Known Member

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    You can still find a few of those original Sears homes around the country. I watched a PBS special where they were highlighting those once. To think back in the 1920's and 30's all you needed to do was to order up the original prefab home and have it delivered to your lot. Can you imagine how messed up some of those homes have to be with novice do it yourselfer's putting them together.

    The downfall of Sears; like the downfall of YRC and Holland is not necessarily the competition. The real blame falls internally. Companies such as these over extend themselves, while at the same time fall behind with the changing marketplace. I have said this many times, companies like YRC/Holland/New Penn etc... are dinosaurs in many aspects in today's day and age. What worked 20, 30, and even 15 years ago doesn't really work today.

    The old mentality of the workforce strongly set in its ways, and the overall operational structure bent on doing it "this way" at all costs with little flexibility is truly going to be the meteor that kills off the old dinosaur companies such as the aforementioned companies.

    Just like putting lipstick on a pig doesn't change the fact that it's still a pig; the small and ineffective upgrades and changes that these companies are currently attempting doesn't change the fact that it's a ticking timebomb waiting to explode.

    For so long now many have held out hope of another buyout to shore up this company, but when you examine it as a whole even that would not change the course of this corporation. The many scenarios that could occur if one actually happened would in most likelihood not be what many hoped for. I say this not to be on the negative, but as someone looking at it with a different view. One that would look at it in the business sense. Let's play that game for a moment and stop looking at it from labors side.

    1) Financial health

    2) Tangible Assets- need/cost for modernizing and upgrading

    3) Liabilities - pension's, claims ratio, overall damage and insurance outstanding medical/health/accident to date

    4) Modern up todate technology or there lack of and overall cost to bring it truly up to speed with competition. -- not the current 2nd and 3rd generation stuff they are attempting to implement now that is already out of date coming online.

    Heck your smartphone works better than anything the company is trying to pass off as state of the art.

    5) Average age of current workforce - this is a bigger factor than many would like to admit or examine.

    6) Labor: This is huge! Without everyone jumping on me over this, take a moment and put yourselves in the shoes of a perspective buyer or investor for a moment. You have to disassociate yourself from the Union mindset a moment and truly examine how this alone is a liability to anyone coming in and wanting to buy this company.

    7) cash flow

    8) accounts and lanes: The day of loyalty to a carrier is over. Today it's all about price and availability. 3rd party brokerages dictate the market more and more each day and they expect the price point to be low and the service to be at least comparable.
    This is something that the YRCW family is struggling with currently and it shows to both the customers as well as the brokers, as well as to any investor or potential investor.

    On a side note to this particular point. The only reason a potential investor would truly examine purchasing this place would be exactly for this.

    As a potential outside investor this is/would be my only target! Not labor or providing Union employment I hate to say, but the marketshare potential of the accounts and lanes of operation.

    But Toby you would still need someone to haul it and the rolling stock to do so right?

    Yep and yep! BUT does it have to be Union and does it have to be with the current set up? Maybe for a time it will, but if I was going to pour Billions of dollars into something your damn straight I would consider all my options and examine the current model and its deficiencies as well as its aspects.

    Today's marketplace is rapidly changing as I mentioned. And honestly even with another even somewhat concession in 2019 the righting may be on the wall due to the fact that YRCW and its family of companies are not able to keep up with the eveloution of the industry.

    What company survives after 10 years of consecutive give backs and concessions by its workforce with little to nothing to show besides keeping its doors open another day?

    The aged overall workforce and equipment as well as the out of date operations and mentality are killers really.

    For so long we were told by stewards and such; are you saving aside money for a potential strike? Are you setting aside money just in case of the doors closing? Do you live below your current income or is it absolutely imperative to work the overtime due to living beyond the 40 hrs?

    Folks it's gut check time as 2019 approaches and it may just survive, but are you truly in a place personally to be able to walk away or worse case scenario of them actually closing the doors?

    The knight in shining armor coming in and buying this pig with lipstick on is not something to bank on. Just like Sears , Yellow overextended buying Roadway and then USF.. in many cases they parallel one another for many of the same reasons.. but one thing is for sure, without drastic measures both may end up in the boneyard of history in their respective fields.
     
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  10. wongway

    wongway -15% Pay & Broke Pension Fund

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    companies that have the same problems , Sears , Kmart , Macy , YRCW , Enron & etc ones , is piss poor management !!
     
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  11. seabreeze

    seabreeze Not Well Known Member, 60 Year Teamster Member

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    Enron does not have a problem, they can survive on the $20 I lost investing in them years ago.
     
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  12. seabreeze

    seabreeze Not Well Known Member, 60 Year Teamster Member

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    Very true, at one time, Sears owned a lot of those companies.
    They had one of the best profit sharing deals for employees also.
    My brother had 39 yrs, his wife had 38, they retired with a wad of Sears stock and were smart enough to dump it
    and reinvest elsewhere.
     
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  13. ABFer

    ABFer Super Moderator Staff Member

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    If I ever stumbled across a history on Sears while channel surfing I would definitely watch it. I'd probably be depressed at the end of it though.
     
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  14. Toby

    Toby Well-Known Member

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  15. Toby

    Toby Well-Known Member

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    More. There is an entire neighborhood built from mail order catalog from Sears

     
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  16. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    Yep. But now.....if you are white, enter at your own risk.
    :hide:
     
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  17. buffalobill

    buffalobill Well-Known Member

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    Actually, imo, that was more 10 years ago. Nowadays, it's more dilapidated and emptied out, judging by my family's news.uncles tenants got their house Shot up in a drive by 10 years ago, then they torched it. The rats don't stay where there isn't prey.
     
  18. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    Great point. The good people have all left that rat hole. Their violence should be going down nowadays since any violence nowadays has to be committed on each other.
     
  19. wongway

    wongway -15% Pay & Broke Pension Fund

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    The Daily "HOSTILE" work environment is getting very old fast , YRCW has won they have everybody super pissed off & fighting with each other & ever driver is for themselves trying to stab the next driver in the back every chance they get , kinda sad, r.i.p. 2019
     
  20. dokman

    dokman Active Member

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    You make it sound like Sears bought Kmart?
     

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