Sears borrowing money on inventory again , need all receipts off loaded and processed ASAP . DAY OFF CANCELLED , MUST WORK SATURDAY ! FROM THE FIELD.......
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I have to ask.....what inventory? Stores are bare.
I have to ask....what inventory? Stores are bare.
I have to ask....what inventory? Stores are bare.
What inventory? All the old, outdated products or the 500 XXXL purple jammies we have in our store.
How much can they possibly get? A lot of the inventory is already leveraged, or not paid for yet with the vendors. Talk about a desperation move!
With the SHLD market cap being just a shade over $123 million, they could probably obtain more money by just checking the seat cushions at HE for loose change versus borrowing against inventory. Don't forget the change stashed in the paperclip holder in the center drawer of all the desks as well.
They just keep chugging along.
every time I hear they somehow got more money, it just makes me want to puke.