Thread regarding Sears layoffs

They’ve been closing RRCs left and right. Jax was apparently 3/4 empty 6 months ago. At the rate things are getting replenished when they do go out of stock, it seems more like the RRC is more of a pass through and less of an actual warehouse. DDCs (large appliances and fitness stuff) have been pretty much empty since BK was filed. At this point, most of the distribution network is more like transshipment centers as opposed to warehouses. Figure an average store has $4 million in stated inventory. That equates to ~1.6 billion. Double that (I’ll be charitable) to account for DDC/RRC inventory and you get 3.2. It will probably run at least 1 billion to liquidate Sears in personnel costs and transport costs. (If not more) We’re now at 4.2 billion+. Liquidators have to pay Sears a cut of the sales and would not get anything beyond what they can sell in a store. There’s been talk of a flat fee, so we’ll assume 10% of gross inventory value-that’s 420 million, for a total of 4.6 billion. That also does not include any of the roughly 300 million or so in closing costs that were apparently the sticking point in Eddie’s original bid. We’re now to 4.9 billion. Liquidators ain’t going to take that risk without the possibility of a substantial ROI that just isn’t possible. Home Services and the other non-retail BUs would be sold off separately. In short, it isn’t worth the investment on the liquidator’s end to deal with Sears. The reality is that most of the other Business Units (auto/A&E) are nearly worthless without retail.

You all keep saying low inventory but about the inventory still in the distribution centers, in containers still to be off loaded? What is the value of all that merchandise? Don't forget about the employees there, you all keep tslkibg about store level what about the people that work in the remaining DCs.

Eddie is a bag of scum.