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glowing-fish posted:I spent today working at Walgreen's. AMA. Do you usually work at Walgreens or is this a one off thing?
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Nov 17, 2017 21:56
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The Slack Lagoon posted:Do you usually work at Walgreens or is this a one off thing? I started a new class at Walgreen's. Actually, I started it Wednesday but I didn't know that it was Walgreen's, but they explained to me that they were actually Walgreen's Boots Alliance. They have a special bus, free orange juice, and this new office building that has elevators with windows. You know, the normal day at work, phrasal verbs, prepositions, that type of thing. Edit: also, sometimes I work for companies that don't like each other and are suing each other. So, for example, a few weeks ago I heard L'Oreal's side of the story, now I hear it from the other side.
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Nov 17, 2017 22:12
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What do you do? I thought you were a manufacturer in South America.
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Nov 17, 2017 23:02
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BrandorKP posted:What do you do? I thought you were a manufacturer in South America. ...did I ever say I was a manufacturer? I'm an English teacher, so I work at different companies, in different sectors.
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Nov 17, 2017 23:37
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glowing-fish posted:I spent today working at Walgreen's. AMA. excuse me, do you have any eclipse glasses?
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Nov 18, 2017 00:23
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Freakazoid_ posted:excuse me, do you have any eclipse glasses? I'm sorry, no. I just have a pair of normal sunglasses, and they are broken.
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Nov 18, 2017 00:25
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My make me not blind glasses go dark when there is the slightest bit of sun so I keep on looking like a knobhead who wears sunglasses indoors.
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Nov 18, 2017 00:28
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Speaking of sunglasses and retail, I really miss buying sunglasses from the Dollar Tree for one dollar.
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Nov 18, 2017 01:02
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boner confessor posted:consider that american bread = euro cake is true, but that it's not that american bread is bad, but rather europe has really lovely cake Crow Jane posted:May Mary Berry strike you down If she doesn't, I will personally beat him to death with a Black Forest Cake.
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Nov 18, 2017 03:25
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BrandorKP posted:I can poo poo money if I want to, but I work salaried for a not for profit, because it does a great deal of tangible good in the world. Good business is about building good systems and letting them repeat . Hell yeah man, fight entropy!
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Nov 18, 2017 20:08
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glowing-fish posted:I'm sorry, no. I just have a pair of normal sunglasses, and they are broken. Actual walgreens employees would've had flashbacks to august 21st.
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Nov 18, 2017 20:29
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BTW, as soon as Sears collapses, this thread is going to be renamed "Sears Dead. So What?"
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Nov 19, 2017 02:39
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Sears or JC Penney who dies first?
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Nov 19, 2017 07:09
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KingFisher posted:Sears or JC Penney who dies first? Both die on the same day, but Sears will announce bankruptcy about five hours after JCPenney files, believing that JCP will buy out their home appliances.
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Nov 19, 2017 07:27
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Sears will easily die first.
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Nov 19, 2017 15:59
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Hand Row posted:Sears will easily die first. Hell, they've pretty much burned through the additional line of credit that Lampert gave to them in ~5 minutes. Also, Sears has negative equity of ~$5 billion on paper, whereas JC Penneys has ~$1 billion of equity on paper. I think Sears will file bankruptcy on or shortly after New Year's (maybe wait until the end of the 1/28/18 year-end quarter) and JC Penneys may be able to stagger along until later in the year.
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Nov 19, 2017 16:13
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I think sears has a name that means something to someone and at least some chinese website that wanted a US presence would buy it out, JC Pennies seems like it could just die die and go away.
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Nov 19, 2017 16:47
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Sears is already dead. They exist on paper because Lampert's convinced the board that they can get something back out if he floats them through Christmas.
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Nov 19, 2017 16:54
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Owlofcreamcheese posted:I think sears has a name that means something to someone and at least some chinese website that wanted a US presence would buy it out, JC Pennies seems like it could just die die and go away. I have serious doubts that any Chinese website would buy it out for the ~$12 billion in debt (as of 7/29/17) or even the secured debt held by Lampert and anyone else (which appears to be about half of that) - in addition, they tried selling their brands and could only offload Craftsman, so I'm not too sure the names that Sears holds really means too much nowadays.
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Nov 19, 2017 16:58
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i was in a sears recently and it was actively depressing, there were no employees to be seen and half the shelves were empty
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Nov 19, 2017 18:00
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Edit: Wrong thread, gently caress.boner confessor posted:i was in a sears recently and it was actively depressing, there were no employees to be seen and half the shelves were empty Even profitable stores barely have enough crew to keep things going. I can't imagine how much it must suck to keep a Wal-Mart sized store running with like four guys and a manager, but if you're not getting shipments or customers it must be easier. NerdyMcNerdNerd fucked around with this message at 18:09 on Nov 19, 2017 |
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Nov 19, 2017 18:05
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Horseshoe theory posted:I have serious doubts that any Chinese website would buy it out for the ~$12 billion in debt (as of 7/29/17) or even the secured debt held by Lampert and anyone else (which appears to be about half of that) - in addition, they tried selling their brands and could only offload Craftsman, so I'm not too sure the names that Sears holds really means too much nowadays. Why would Chinese Company X need to buy out the debt when all they're after is the branding? You're talking about buying the whole company, which is radically different really. Consider: when Circuit City went under they had massive debt, but the people who run TigerDirect were able to buy out the names and branding for only a few million and no taking on debt.
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Nov 19, 2017 20:33
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fishmech posted:Consider: when Circuit City went under they had massive debt, but the people who run TigerDirect were able to buy out the names and branding for only a few million and no taking on debt. God that reminds me that Circuit City bought all the Radioshack stores outside USA. What a great idea, lasted like 4 years lol. 
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Nov 19, 2017 20:49
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I was working for circuit city when it went under. Rolled up to the doors to find them barred. That was a fun thing to explain to my (then) wife.
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Nov 20, 2017 00:23
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Southeastern Grocery is in bankruptcy. Harveys Bi Lo, Winn Dixie, etc.
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Nov 20, 2017 02:29
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fishmech posted:Why would Chinese Company X need to buy out the debt when all they're after is the branding? You're talking about buying the whole company, which is radically different really. Except that Lampert deliberately made himself the senior secured creditor so that he could strip the remaining assets in an inevitable bankruptcy, since it's equity and unsecured creditors that get wiped out. So any acquirer would have to pay Lampert off in order to get assets in a Chapter 7 liquidation. Edit: From a brief review, Circuit City had something like $3.4 billion in assets vs. $2.32 billion in debt at the time of their Chapter 11 filing, so that would mean there was about $1.1 in distributable assets after the debt was satisfied (also, some of those $3.4 billion in total assets probably were auctioned off to TigerDirect, etc. in order to satisfy the $2.32 billion and distribute the excess to shareholders whereas in the case of Sears the secured debt owned by Lampert may or may not be satisfied with the remaining assets at the time of a bankruptcy filing and he may or may not want to give up some of the brands and other assets without being made whole on his debt funding). Horseshoe theory fucked around with this message at 03:48 on Nov 20, 2017 |
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Nov 20, 2017 03:14
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Horseshoe theory posted:Except that Lampert deliberately made himself the senior secured creditor so that he could strip the assets in bankruptcy, since it's equity and unsecured creditors that get wiped out. So any acquirer would have to pay Lampert off in order to get assets in a Chapter 7 liquidation. any moron who lent to sears or acquired equity deserves what they get
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Nov 20, 2017 03:22
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BrandorKP posted:Southeastern Grocery is in bankruptcy. Harveys Bi Lo, Winn Dixie, etc. Great. Looking forward to Kroger and Publix and Walmart hoovering up more market share
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Nov 20, 2017 03:56
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About half the debt was the management fee extracted by private equity, too. Yay
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Nov 20, 2017 04:20
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NerdyMcNerdNerd posted:Edit: Wrong thread, gently caress. I picked out grill at sears but gave up and left when no employee could be found and I heard another customer from afar just yelling “hello?” over and over. At my next stop the greeter at Home Depot was helping me before I got into the store.
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Nov 20, 2017 05:08
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Horseshoe theory posted:Except that Lampert deliberately made himself the senior secured creditor so that he could strip the remaining assets in an inevitable bankruptcy, since it's equity and unsecured creditors that get wiped out. So any acquirer would have to pay Lampert off in order to get assets in a Chapter 7 liquidation. Sears’ debt is irrelevant to what the sears brand on its own is worth and I’ll go out on a limb to say it’s not worth as much as sear’s debt.
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Nov 20, 2017 05:25
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Horseshoe theory posted:Except that Lampert deliberately made himself the senior secured creditor so that he could strip the remaining assets in an inevitable bankruptcy, since it's equity and unsecured creditors that get wiped out. So any acquirer would have to pay Lampert off in order to get assets in a Chapter 7 liquidation. Ok, again, why do you think that means that the person who purchases the Sears name and related intellectual property needs to also buy anything else from Sears as a settled matter? Lampert may get the assets yes, but that doesn't then stop Lampert from selling the Sears name and intellectual property to Chinese Company X. Perhaps he'll try to make them buy all the debt obligations too, but they would have no reason to do that, and he'd probably be willing to get that quick cash from selling the name now that everything's closed. You're framing this as acquiring any part requires acquiring the whole thing: this is not true.
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Nov 20, 2017 05:48
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Amazon just started doing its own brand furniture in the states. God speed all other furniture stores. Side note, in the UK we have Argos (founded 1972) which is basically a store with big laminated catalogues with codes next to the item. You put your code in the machine (or take it to the counter) get given a receipt and then wait for somone to bring it out from the warehouse in the back. They are beating amazon at their own game. You see humble Argos has so many of these warehouse stores and an established fleet of its own delivery trucks that it can deliver same day, for the same price as any other deliver, and not only that, if you live close to one of them then computer says yes and it gives you the option of putting your item on the next van to leave the store. I once had a phone delivered 2 hours after I ordered it. Yes on some large items there can be a 2 days to a week’s wait, but then they know they aren’t competing with amazon on them - I suspect this will change now.
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Nov 20, 2017 08:32
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The game would be truly afoot if Amazon were to start a Basics line, but for furniture, because then they'd be directly abutting IKEA.
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Nov 20, 2017 08:48
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learnincurve posted:
From the 30s to like the 80s (it apparently lasted as a company until 2000 but was long dead by the time and closed with a stock price of one cent per share) America had "service merchandise" with that model.
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Nov 20, 2017 13:33
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Magic Hate Ball posted:The game would be truly afoot if Amazon were to start a Basics line, but for furniture, because then they'd be directly abutting IKEA. Murdering, either figuratively or literally, the assholes who crafted a shopping experience that makes you walk all the way through the loving store every time is something I very much support. I think part of the reason Amazon and online retail in general is cleaning up is because traditional retail uses this one weird trick shoppers hate! to increase sales -- basically, by making the store and/or mall hard to navigate so you see and consequently buy more products.
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Nov 20, 2017 15:15
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PT6A posted:Murdering, either figuratively or literally, the assholes who crafted a shopping experience that makes you walk all the way through the loving store every time is something I very much support. Just get a cinnamon roll before you start and calm down buddy. Also follow the shortcuts on the map.
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Nov 20, 2017 15:39
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asdf32 posted:Just get a cinnamon roll before you start and calm down buddy. Also follow the shortcuts on the map. Yeah, the store is designed to prompt you to walk all the way through it, but you can walk right in and right out pretty quickly if you just follow the shortcuts. I actually rather like IKEA'S store design. Folks treat it more like a destination rather than an everyday shopping experience, so walking through a series of showcases is actually fairly useful and/or entertaining. As for Amazon getting into the furniture game...they kind of already are, but what about stuff like Wayfair that already exists? Would they really be more convenient than that?
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Nov 20, 2017 15:51
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LogisticEarth posted:As for Amazon getting into the furniture game...they kind of already are, but what about stuff like Wayfair that already exists? Would they really be more convenient than that?
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Nov 20, 2017 15:55
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RuanGacho posted:Every time I have looked at wayfair I find myself wondering if this is what Martha's Vineyard looks like because I've yet to see styling that I like. They have a general mix of styles, but yeah, it's never anything mind blowing*, and I can't imagine that a hypothetical Amazon Basics furniture line would be inspirational. *Some of the more expensive stuff (e.g. $1500+) can look interesting, but I'll be damned if I ever buy furniture that expensive off a website sight unseen. Might as well go to an actual furniture store, maker, or antique/vintage refinishing place at that stage.
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Nov 20, 2017 16:22
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