Thread regarding Sears layoffs

2nd quarter results to be announced on Thursday before the market opens

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Post ID: @OP+V6ZsMvM

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They have to pay for salaries, meager benefits, utilities, rents, insurance... Merchandise is the least of their concerns. The liquidators whole purpose for coming in is to liquidate the merchandise. So that's not going to keep them in business.

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Post ID: @1nhb+V6ZsMvM

Sears will remain in business at least through the 4th quarter. All of the merchandise is already paid for. Your guess is as good as mine after that.

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Post ID: @iat+V6ZsMvM

What results?

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Post ID: @pjc+V6ZsMvM

I guess I'm late to the party. Oh well.

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Post ID: @htd+V6ZsMvM

The results will be released in a pre-recorded conference call. That likely means that bankruptcy won't be announced (that day). They may have secured another source of funding, or the sale of Kenmore went through, and the PBGC was convinced to allow them to have enough funding to make the business run for a short while longer. The company is still on the edge of the drain, but this business-as-usual ploy suggests that they have a tiny bit longer.

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Post ID: @quv+V6ZsMvM

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