Like corner groceries and convenience stores use Costco or Sam's club.
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No
According to that guy on Seeking Alpha, the remaining 500 Sears/Kmart stores had -$433M EBITDA in January alone. It's incomprehensible to me how stores can lose that much money in just a month when you're ignoring interest and depreciation. You have to get rid of the Sears and Kmart names now. You have to. It's poison, and you don't want that stink of failure anywhere near your future business endeavors.
@Y3884vA-1gnj , That's pretty much what was done with 'Sears Hardware' stores (standalone hardware stores that were a thing for a hot minute in the mid 90's) a few years back...just about all of them have since failed and have shut down.
Eddie should just fire every single corporate manager overseeing Kmart and hire a bunch of convenience store owners to operate them independently. It would probably make money, or at least, lose less way less money than what's going on now.
Presumably once the losses are transferred he'll merge it with a hedge fund or something after discarding the retail.
the tax losses do nothing but offset profits int eh future. What profits?
Store managers aren't even allowed to pay local vendors for product supplied and sold. It all goes through corporate. How many smaller vendors took it up the a$$ during the bankruptcy?? Kmart has 3,000 pages of creditors.
That would involve the business sense required to run a convenience store. Do you really see that getting approved nowadays? The way the company's been burning cash, even if there's supposedly $2 billion in tax carryover losses to be had, what's left of Sears/Kmart will burn through that before the year's out. Eddie's really got no business running a business at all. He should have stuck to finance.