Oak - Interesting point about Sears owning so much land. But I was under the impression Sears's strong hold was its electronic payment network. I believe they had a system for the electronic exchange of money before Visa or Mastercard. I think the network was related to its geographic dominance as a chain. I'm trying to remember now if the network had something to do with its auto insurance arm, too. That's how they were able to offer the Discover Card, which originally competed against Visa and MasterCard. Not sure if it's part of their system now. However, appliance-wise the product has gone down hill. My ex, Jules, bought all his appliances for the 4th Av house in '99 from Sears, at my urging of course. ;-( And he had trouble with practically every one. Factory defect stuff. The Sears repair guys were always there. A nightmare. Maureen
--- In [email protected], "oakdorf" <oakd...@...> wrote: > > --- In [email protected], "wernerapnj" <wernerapnj@> 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.... > ------------------------------------ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[email protected] mailto:[email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
