With $1.2 billion in debt due in April 2016, every Kmart lease is subject to re-negotiation (read "termination") in an attempt to keep SHLD afloat until 2020 (when the remainder of our debt ($1.9 billion) is due and the entire company is liquidated). No matter what your store's EBITA or profitability is, you best update your resume as half of all Kmarts will be closed next year (since SHLD owns so little of the property the stores are located on vs. Sears store locations). My store is the top profit center of the region but we don't own our land (the landlord has previously attempted to negotiate an early termination for our lease). It will be a sad day when the twelve remaining "old-timers" are given pink slips as they NEED their jobs but no job is safe with SHLD.
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This really bad, I remember different days, now it's just sadness.