I don't think Sears is going to voluntarily give it back for obvious reasons and the fact that they are not in a position to pay for all the freight and labor charges to get it back to the vendor. Will the vendors force Sears through the courts to box it all up, ship it back and pay all the costs to do so (increased hours for the DC workers to process + the cost for the trucking companies to take it) or will the vendors have to hire truck drivers to go around to each DC and store with a court order in hand and a truck to retrieve their merchandise? That would be a bizarre thing to see.
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the jewelry companies will come empty the cases themselves
anything that is not returned, would be added to the debt. How the manager decides to spin that is up to them I suppose lol , most of the time the actual owner of the merchandise will pay to have it shipped back to them - Jewelry is usually the big deal scene maker in a closing store, when a vendor comes to take back all of the unsold fine jewelry it drives the point beyond denial
@lsh Forgot to add, what about the merchandise already in the stores belonging to the vendors who filed for repossession? How are they going to pull all their merchandise out of however many stores are left? The only thing I could think of is that the backroom teams of all these stores would gather it all up, stick it on a pallet and wait for a truck to pick it up (or UPS if it is a small enough). Who would pay for getting the merchandise back to the vendors? What about discrepancies due to shrink or on hand system errors?
@lsh If that happens, I wonder what the managers would say, especially the ones who seemed to be totally blind to reality. With a court order, they cannot stop those vendors from taking back what's rightfully theirs. If the managers called the police, the police would show up, the vendor would present the court order, and the police would laugh their way out the door.
I also wonder what kind of cover up excuse they would use so that their employees didn't panic and rush to the exits for another job. How would they explain away something that basically amounts to a reposession? I'd love to hear what kind of creative spin they'd put on that one.
They will send their own freight companies to the DC's to pick up. The vendor must first request a court order under the bankruptcy action for this to happen.
No, they realize they f---ed up doing business with Sears now and are just gonna have to fight over the leftover sc-aps with everyone else.
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