Thread regarding Sears layoffs

Here's what I feel will happen I have no knowledge of anything more than anyone on this page. But this makes the most logical sense based on how it's been playing out over time

All stores with Leases will close and -Landlords will take over their properties, so that the property doesn't end up in BK and tied up for years. Major expenses of rent addressed.

most of those leased stores, with a rare exception are not profitable and the ones that are leased that are profitable aren't that much profitable

all remaining, owned stores will be sold off to pay off debt.

So initially, all lease stores will close immediately with Landlords wanting us out as well, based on all the news media panic out there. They won't want their properties tied up in BK court for years while they don't get any income.

All owned properties will be closed right behind them

But, that's a guess how this liqudation happens. 150, then all

Nothing left of a company, so final chapter 7 by end of year

But shc is gone and with the hometown and outlets not profitable now, and dependent on SHC, they won't be able to exist either at some point.

I hear negotiators are discussing a DIP loan of about $300 million to $500 million. Will close 400 stores. Chapter 11 filed by Monday?

https://www.zerohedge.com/news/2018-10-12/90000-jobs-stake-bankrupt-sears-may-shut-many-400-stores

Everyone knows big stores are the future of retail.

Op is right. If you pull your head out of the sand, it's been on multiple news outlets, including the WSJ...closing all but 300 after Sunday. But you would know more than they do, right?

@1qoh - Most of these business news outlets are referencing what has been reported in The Wall Street Journal. The WSJ has an extensive network of contacts and resources that can offer glimpses into even the most secretive business negotiations. True, the details in negotiation are subject to change, however, the gist of where the negotiations are headed is very likely accurate.

Wqed Friday night .the shows called nightly business report

The press has it all wrong. The numbers of stores are way off. 350+ right now for each format. doesn't add up.

Eddie won't walk away from the big stores that kmart has.

I doubt a PBS station in Pennsylvania knows anything more than the rest of the country. There are no public finalized plans yet, only regurgitated speculation getting passed around the news media, 'some experts think Sears might do this' stuff.

WqED nightly business news report

Yah...what tv station? It will be on their website.

Yah it was on nightly news report on tv.

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