As the title says. I wonder if this means they are out of cash and can't afford the extra few weeks...
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It's not even that they need to stock other stores. It's just the number of stores needed to totally liquidate in a certain time frame, which is looking more and more likely.
They have secretly closed stores "immediately", which means that the stores did not even go into liquidation, they just closed the doors. I think they might be doing this to use those stores to stock other stores.
A lot more vendors have stopped shipping. They need the inventory for other stores.
Store closing dates are fluid. When they closed our Sears store this year they closed it 2 weeks before the original announced closing date and sent some of the inventory back to the warehouse to be redistributed to other stores.
What stores are you talking about? Where is the list?
@WxiMGjn-twj A store with one out of thirteen registers working. JK
What is a 1/13 store?
"...going to cost the company millions".....
Just add it to the large cash burn that has been happening for years at Sears.
When was the last time a company did something that made sense? The amount of BS I've seen over the last month is extraordinary to say the least (I work in one of the 1/13 stores).
This makes no sense, this group of stores have a avg of over 3 million dollars in inventory on hand as of today. The amount of markdowns they will have to take to be done by 12/30 is going to cost the company millions