Have vendors started getting paid yet? Now that most of the money from holiday sales, store closing sales and possibly funds from the Die Hard transaction have been received if vendors are not yet being paid you wonder if they ever will. Might the plan be to not pay them, file bankruptcy and have them make claims?
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Closing Manteno warehouse effective 3/16/2020. Announced this morning.
Great star just got $10 million from us to fund the spring craftsman line. Trucks should be showing up any day!
@12TiO57p-zft Exactly. Those loans include interest rates.
Vendors are getting a small fraction that is owed to them. Vendors have expenses too. They have employees to pay, operating costs, and liabilities. Those employees may wind up terminated to make up for the loss of revenue created by Billionaire Eddie Lampert.
He is toxic to the business world.
The Craftsman payment won't cover the operating losses of Eddie's failures either.
So, the big news on Tuesday is that vendors are getting paid?
There’s a $250 million Craftsman payment this year too.
The funds from the DieHard sale won't even cover the loan he had to take out.