Seriously, what is it??? There are not many stores left on either side to support a viable chain. The games need to stop, close them all now if that’s the plan. Stringing people along is not cute.
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it's been Chinese water torture, and finishing up with a couple of nice rounds of Corona Virus drip.......drip........drip............
Plan?! There was a plan!?
I was figuring he has to drag it out to avoid some window (timeframe) where he could be sued for liquidating all at once.
I think the master plan is to liquidate in small chunks rather than all at once. Either because Eddie Lampert still has some - misguided and fruitless - real estate strategy or because the bankruptcy judge didn't want Sears/Kmart to fail on his watch. There is no conceivable possibility of go forward at this point.
I was told that about 50 stores will survive this round of closings, and I guess the final few will be liquidated when this round is finished. They can only liquidate so many at a time.
Well I was just laid off this morning, and am told a few more stores are announcing today they are being closed.... Livingston NJ