I have a feeling we are now looking at what will become a reoccurring theme. Report lousy quarterly results, announce major store closures, wait three months. Rinse and repeat.
I don't see a way in which this can turn out any differently. Even those whose stores are not among those closing this time around are only getting a short reprieve.
Sears is as good as gone.
It's actually officially an asset on the company's financial reports. They value the company's name/reputation at over a billion dollars. lol
the Sears name is a liability not an asset
Sears or Kmart in any form cannot stand. Too much debt and too much bloat at corporate. Think of all the small departments and all the people that have a title. Think of all the redundant jobs at corporate and what it take to support those departments and to support the departments that support the departments. It is like the federal goverment. Too much bloat, to much redundant jobs, too many people doing things to justify their jobs that don't need to be done......
Just think of all the logistics jobs they have now to support fewer and fewer stores. Do you just close most of the DC's and have trucks drive to stores across the country? That would cost too much money. So you have to keep the DC's open, the delivery people employed, the service people employed, the people at corporate who support those people, the buyers and maintenance people employeed to service the trucks, warehouses, customer service.... all with less and less stores to have to support.
No matter if they get down to 100 stores that make a massive profit, the stores cannot support the structure of the rest of the company.
Ace in the hole is having your college roommate in charge of that segment of the government . Nobody remembers who was at his side at his confirmation hearings?
Almost every recent report drove a slight increase in stock price based on some bit of fake news. this is the first time where the stock market looked at the results and puked. It's not this week, but bankruptcy is inevitable.
How do you plan on eliminating debt? More important question, how do you convince Eddie that eliminating debt is what Sears needs?
Sure that might work. But time and economics are against it working. Customers are leaving in DROVES. By the time that transformation is complete, there won't be anyone left. Not to mention that the revenue from that model can't support the massive debt and long term obligations.
Save the Sears name, keep the basics, eliminate debt.
Sears will survive as a small store entity . Just the way it started out.