--- In [email protected], "wernerapnj" <wernera...@...> wrote:
>
you're getting carried away ):
Whoever mentioned the appliance place up noth, thanks.
Wound up at sears this am, and found a closeout, in a box on the floor
( I had to ask the sales guyy - hey waht about this one...)
reg price was $700, sold it for $314 - gas dryer. new and solid vs
their low end stuff.
Not sure if there still is - but sears used to have a scratch and dent
in lakewood (think they stll do), plus they used to ahve a huge one in
Voorhees. If you hit it right - you did very well.
I foreget about sears. Almost all our appliances over the years in my
rentals were from sears - or yard sales.
Sears is probably one of the strongest retailers out there - why? Real
Estate. They typically own the land they're on or leased it for years
and years. They got kmart cheap - they bought because of their real
estate - real low leases - old stores, great highway locations - and
many stores in nj pay about $3 sq fott in rent - about $320,000 year
in rent for the entire store plus their taxes. So look at these places
as what they were and can become a again - a traditional discoiunt
department store - selling tvs, mattresses, applicances etc - all
those things that people run off to circuit city and rest of the
"Boxes" for. Sears has lands end and many other pieces - plus a huge
database of names and addresses....
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