Thread regarding Sears layoffs

deal flash was awesome, prada, supreme, and d---s to name a few. product that moved at high margins and satisfied members. best program run in years.

Couldn't figure out how to sort merch fast enough...

Sears desperately needed to do something about inventory turnover. Prior to bankruptcy, Sears had days in inventory of 194 days. It cannot be overstated how bad this is. You cannot do business turning over your inventory less than two times a year. No wonder store had inventory coming in from 2012. Even Lowes, itself pretty awful and keeping parts for the rarest of occasions turns inventory over every 90 days. Costco? 55 days. Amazon 34 days? Apple? 12 days. Even Toys R Us turned every 120 days at the time it dissolved. Eddie is running, bar none, the worst retailer in the universe, and it's unbelievable that with all the data he's collecting with SYWR, that he's doing absolutely nothing with it. It's hard to believe he isn't deliberately trying to destroy Sears with how badly it's run, because no company has ever been run this badly, and every person who started improving the metrics, like Seth Marks immediately got the boot.

It was an awful program! Low margin and cannibalizes regular product inseason selling causing low sell through and therefore causing lower profit with excess product to sell at or after end of season. Not to mention it looked poor in store even in a Kmart or sears.

this guy worked at Sears:

http://www.hilcomerchantresources.com/about/leadership/seth-marks

he had a good program going and eddie didn't like it. Was too successful.

Hilco is a liquidation company. In fact, of the four companies behind the two liquidation bids on the table, all four of them worked together on the liquidation of Sears Canada. I suspect if it comes down to it, they'll combine together to trump anything that Eddie can pull out of his a-- if need be. Everyone is lowballing right now.

This is getting downvoted, because it sounds like a reasonable plan and option to save Sears, and as you see on this vile filled hatred obsessed site is that people want the brand dead, not saved. :/

Dunno why this is getting downvoted. Creditors will love cash a lot more than Eddie's IOUs.