Seems to me like a valid question, although I doubt that anyone can deliver a precise answer.
10 replies (most recent on top)
I think with all these stores closing Eddie is going to have good leverage to get favorable deals meaning even if few if any people shop there the stores won’t cost anything much to run either.
@2iox I agree with your January 2020 date. Un be known to a lot of employees many leases are up in January 2020. An example is Northridge CA which Eddie is trying to renegotiate and I think he will be able to do so.
Probably 40-50 but probably not until January.
There is the lease buyback on some Sears and they already stated in the turnaround plan in bankruptcy 36 Kmarts would be sold to fund the home and life. Depending on what was ordered this may not happen until after Christmas.
Non negotiable leases will probably close. I’m gonna guess though Eddie tries to strong arm malls that end up losing their JC Penney stores in their closures for lease reductions. Who the mall owners are will depend on if they play along. He may shoot for more leaseback deals to fund home and life stores which will require like 5 employees to run and can be thrown up in any general area since they will cost a fraction to run,
Eddie will decide the store closing list while sipping a glass of wine from the comfort of his yacht.
About 100 is what we're told
I for one want to see EL penniless and frogmarched out of his mansion in handcuffs.
Everyone that reads this sight cares. We ALL want to see EL fail. We all have that in common. Put this company out of its misery already.
How many leased stores are left in somewhat desireable locations?
How many owned stores are left that someone would be interested in buying?
Add those two together and you have your answer.
Any store over 10k square feet. That will leave 3 or 4 of them.
I know someone is thinking this, so I'll be the bad guy and post it: ALL OF THEM.