Is the company shutting all Indiana stores after Christmas? Why would they?
10 replies (most recent on top)
They also would close stores in the same region regardless if they made money because of logistics of delivery. If there are not enough stores in a particular region or area then it is not cost effective to deliver to one or two stores that are not close to other stores, Look at the past closings, they are mostly in the same areas or regions. This is so that delivery of merchandise is not so spread out. If you are the only store in your region then you will probably close, no matter if you are profitable or not. Just think it through
Eddie said that he would close unprofitable stores which means 99.9% of stores. He did not lie and he did not cover anything up. Just read what he said and you can figure it out.
Unfounded. Confirmation from H.E.-Indiana Kmarts will remain open, but individual stores will be shut on case by case basis based on REIT and lease expiration. This has been the formula all along. It is correct that upper management and E.L. hold this information close to the chest. Fortunately-some of us work in the know as well.
The greatest thing about that clip is - they didn't even have to try and make sears look like it did in the 70s....
It's a "Sunshine Day..."
https://www.youtube.com/watch?v=s5GZRnJTO5E
No one but Eddie, the very top exec and the attorneys know which stores will close and when. They don't announce to anyone, even the lower level execs, until the last minute to avoid panic, spooking the vendors and creditors and the negative effect this would cause on the stock. We all have a general idea that sometime after the 1st of the year more closures and more likely a total liquidation will occur but no specifics. Whoever told you this is misguided. Eddie plays it close to the vest. He would never let this info slip out rest assured it's a false rumor.
Where are you getting your information from ........pretty much everything on these boards about closings have been wrong or exaggerated ??
It's due to the fact on how the MBA's took their cues from the megalomaniac movies of the 80's, i.e. Wall St., Secrets of My Success, Working Girl, etc... J.W.O... the scumbergs run this Sh*t-Show...
Yes. By 2017 Third Quarter.
Kmart stores, not Sears. In the REIT.