I don't get it. Why would Sears get yet another loan approved to continue through holidays when it is obvious to everybody and their mother that that's just postponing the inevitable by a few weeks?
https://www.foxbusiness.com/retail/sears-to-stay-open-through-holidays-with-350m-loan
Every day that SHLD Holdings continues to operate in bankruptcy is another day of rent that Seritage gets to collect rent.
Tried to order snow tires today. Couldn't get them. Welp.
Pull the plug!!
and payouts to executives year end bonuses
Eddie wants the whole pie in his hands when he liquidates instead of just part of the pie.
They are trying to squeeze every penny out of this pig that they can. All they are doing is loaning money that will be burned through quickly