Thread regarding Sears layoffs

The fact that you took time out of your life just to write that novel no one will even bother to read shows where you are in life.

Sears doesn't have the goodwill or brand power, nor the real estate to sustain even a wholesale or IP licensing venture, or even a good REIT. Amazon will take the properties at fire sale prices, but it's not as if abandoned mall properties aren't a dime a dozen.

Eddie does NOT want a retail enterprise.

Doesn’t matter what is left to “work with” as long as Lampert is the one in charge. He had plenty to work with since he took over in the early 2000s.

All that was stated here was dumb and wrong.

@pvh

How about reading my comment. The vendors care nothing about Sears’ continued survival once they get paid. They’ll get paid a helluva lot faster if Eddie takes over and “runs” the business for another couple years before running it into the ground for the second (and last) time vice waiting for the claims to be settled in BK court. They’re backing him for that reason and that reason alone. Incidentally, the lack of inventory is probably what is running liquidators off.

Are the buildings even going to be up to code by the end of summer since Eddie fired everyone responsible for maintaining them? There's a huge hole of rent now that Eddie's driven all the sublessees out too. He sure hasn't acted like he's been planning for anything but full liquidation.

Special Ed lost $2B in 9 months but now that all the really profitable vendors like Apple, Microsoft, Coke, and Samsung have jumped ship it'll be different! Suuuuuure.

Kmart pharmacy is known for being overpriced. I switched to another pharmacy in the area because of it. They charge the full co-pay regardless of how much it cost where others charge less if it costs less, if not even free for some common meds.

@bhq have you walked into a Sears lately? It's ridiculous that you're shilling for Sears when you're obviously not a Sears shopper yourself.

Kmart's pharmacies are all but gone with a few exceptions

Would these vendors be the same ones who are backing Lampert’s bid with trade credit, or are you still stuck on the Whirlpool reclamation demands? Those were only put out so that Whirlpool (and the other vendors that issued them) could preserve their right to litigate the issue later if they so desire. At this point, due to their lack of action on the topic, they’ve probably forfeited their rights. (The Bankruptcy Code requires them to “vigorously assert” their rights. They’ve done nothing since filing the as-yet unenforced reclaimation notices over 3 months ago.) The liquidators have had a look at the inventory numbers, and the WSJ is reporting that one of the two pairs has pulled their bid after neither group was certified to bid.

That may have been true a year ago when they had working operational infrastructure. Now they have half the footprint, a destroyed reputation, loss of trust from vendors and customers alike, and their sales have been in freefall from which you have to net out liquidation out of their already pitiful results. I don't think informed builders will be placing Kenmore appliances in new homes going forward. Sears is over.