Thread regarding Sears layoffs

Bankruptcy. No cash, no inventory, closing stores, vendors are not being paid for months now. Eddie might pull a rabbit out of his hat one more time but 2020 is the last year for TransformCo. We all know it.

@12rr0Fxz-2xhn Are you an id–t? The bankruptcy happened last year. And NewSears is already resorting to loans because it can't afford to pay trailers to deliver goods.

the go ahead plan is the liquidators need to more rounds to finish closing ll the mainline stores. They can only close so many at a time

@12rr0Fxz-1zht You would be correct, if the inventory wasnt from a new vendor. Enough with the false narrative. For 7 years on this board every xmas the same thing, "Bankruptcy after the first of the Year". Another year, another slow roll.... Eventually you guys will be right, even a broken clock is right twice a day.

@12rr0Fxz-1puf

doesn't mean anything. could be left over stock from a closing store.. a box someone found under a desk at HE, a pallet that was burried and forgotten in a warehouse and only now found.

this is why stores do inventory, not just to inventory for theft and other shrinkage but to update inventory with reality. If a pallet went missing at a warehouse last year because it was placed in the wrong spot, inventory was adjusted down... If said pallet was just found because they are clearing everything out then the inventory would be put back in stock.

Likely to see lots of this happen as the distribution centers clear out and stores start to close and clear out their back rooms etc etc.

A number of craftsman tools that have been sold out for weeks magically came back in stock today. So much for the bankruptcy, clearing the warehouse theory.

Post holiday - BK
No severance

Those executives know deep down that Sears and Kmart stores will be history. They are hanging on for their severance pay. That's the real story.

But the “executives” continue their travels, collecting airline miles, sitting in first class with free drinks. Ah, the retention bonus is good... Let them eat cake.....

Tell it like it is
@12rr0Fxz-kuk
THANK YOU!

Really hard to call holiday sales salvation when the game plan is to close 100 stores because you literally don't have enough product to fill the shelves, then mark up prices for the liquidation sale to improve your margins, because that's a better strategy than it simply being the holidays and your pitiful excuse for marketing.

But no worries. The SYW Mastercard and PAs will be salvation yet.

Other things we don't Know:
Sky is blue.
Water is wet.
Kmart/Sears are all closing.

Yawn, old news.

I agree with this post. Eddie can't continue to borrow his way out of this nightmare

Not even Eddie is drinking the Kool-Aid right now, and it's kind of miserable to see.

Let's hope so....the kool aid these executives are drinking is pretty potent.
They will visit and act as they did 20 years ago duri.g a visit, as if there is no writing on the walls.
Oh wait!!!
MAYBE THAT'S PART OF THE PROBLEM..........