By the end of November Sears/Kmart Store cout should be about 723 Stores.
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Sears is a big a sh--hole as Kmart. It’s a marriage of equals. 0=0
I respectfully disagree @aku I don't think it matters if Sears and Kmart stay together at this point. It's too late for either company to be salvaged.
So sad that more jobs lost once again. The ones remaining will trudge along to spring worrying. So sad. Best wishes to all my fellow associates of Sears. Will say that Kmart should be dumped. Sears would have a better chance of surviving without that disgrace of a store.
He can withdraw the offer to buy Kenmore if he doesn't want it to go to the pensions. I don't know what his hedge fund would do with it anyway.
@nxg - I can imagine Eddie stomping his feet and smoke coming thru his ears due to the spoke put in by the pension group.
@UN3Tjmz-nlq not really the government pension corporation is going to seize the money from the sale of Kenmore, Even Eddie loses on that deal. That means no cash injection into SHLD . It looks like Eddie finally screwed up by not foreseeing the pension corporation stepping in. It's over only a matter of months now. Stock is at $1.11 and will continue to tank every day. There are essentially no more options
Bankruptcy in less than 12 months.
Seems about right, BUT a lot can happen between now and then.