How can they even pay us when we return they can’t even sell anything. unless they took out a COVID loan to pay workers to have it forgiven which would be illegal they were going out of business well before COVID
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Ha! Alfie! I forgot about that device. Too bad that did not take off like Alexa. Must have been a huge workload for the team to listen to all those recorded sound bite shopping requests.
@4dev - Since this is the Sears layoff site, that should be, "Alfie, start the timer."
Two weeks? Siri, start the timer.
No inventory means no liquidation... cannot make money on a liquidation without inventory.
What is your "it's the end in 2 weeks" post based on?
Its the end, less then 2 weeks left for sears and Kmart.
I can't start a post with my question but I'll ask it here. Eddie Lambert has enough money to live a good life and leave plenty to his family. What advantage or rational would he have to continue playing a chess game with this web of confusion he has created.
His legacy and integrity as a business person would be of concern to most people who are nearing the end of their career. ?
They didn’t get a PPP loan tho even companies currently operating in bankruptcy did. Look it up yourself - have no clue why Eddie is doing this.
If he sells Home Services, it will be brutal.
He is not. Wind down,move real estate and assets collect money move on. Losses can be deducted to balence profit in other businesses.
@aqj+17lGPjVy But the question is...why? Why is he dumping money into a dying business?
Private company. The owner can choose to have expenses greater than income. The owner can choose to pay those expenses will money other than the income earned by the business the company is in. This is like all those people saying Eddie will have to sell his homes and yachts when transformco goes under taking ESL investments with it. Eddie has lots of other investments in lots of other LLCs with lots of other cash that is fully insulated from transformco.
We received shop your way points in exchange for cash. We also received free kracken k mart t shirts and a 20 percent little Caesars coupons.
@pcl+17lGPjVy I haven't gotten anything yet, I expect them to try and weasel their way out of it first.
I think it will be in the next three weeks probably.
But they just began shelling out transition pay to the furloughed folks they eliminated?
They can't. It's gonna end soon. Like the end of this week.