Any ideas on when will we finally know if Sears will manage to somehow - although I can't figure out a way how right now - manage to dig itself out of this hole we are in or if we'll see a full liquidation?
This whole will it or won't it has been dragging on for far too long now, in my opinion.
I read somewhere the 19th or 20th of this month we’ll know.
@1cat - India didn't want her hence she was sent to the US.
Leena should be forced back to living in India for all the bad she she did to the company and force to become a belly dancer stripper.
@1uph - "Y’all got Leena" Yes, we know. That's one of the key reasons why SHLD is in a death spiral.
Y’all got Leena
@WrysWLJ-ecx PR b---s---, there ani't no way to come back, baby.
Nice try eddie, but BASIC Business 101 --- ya' need customer foot traffic perusing AND buying product in stores to be successful -- Ears Mart has neither
We have announced a series of actions to position us to establish a sustainable capital structure, continue streamlining our operations, and grow profitably for the long term. While we have sought to avoid a Chapter 11 process, we have ultimately determined that this is the most effective and orderly way to achieve a debt solution as efficiently as possible and be better positioned for the future. We began this process on October 15.
Our goal is to emerge as a member-centric company, reorganized around a smaller platform of profitable stores, with the capital needed to allow us to prosper in the future.
We remain open for business. Our Sears and Kmart stores, and online and mobile platforms, are continuing to serve our members and customers. Our services and brand businesses will also operate as usual.
Every day that goes by with SHLD in chapter 11 bankruptcy is another day closer to Seritage collecting their next rent payment.
Innovel has product coming in G.E ,L.G and Samsung and Kenmore by Wirlpool all coming in.Bedding 3 times a week . Inventory is going up . Third party work is increasing .Overtime every week we are in the fight.
You have an evulstor? All we have is a gonculator.
Sears Holdings is Dead Dead Dead.
"It's dead Jim"- Dr. "Bones" McCoy
"We're dead in the water. There's nothing I can do"- Scotty
"Scotty, give me maximum warp"- Capt. Edward S. Lompear.
Has shiendler the evulstor people been paid? I hate to see what that wd do for the shoppers trying to buy stuff on second floor. Ugh
You guys have Eddie all wrong. He's just generously planning for your Unlimited Vacation.
Talk about stuck in a rut. Are they going to have to evict you to get you to move on?
Lets see Lands end is not renewing any leases inside sears stores, all of the vendors want their product back . American greeting charged SHLD with stealing 500 thousand dollars and every unsecured debtor wants liquidation. And by all accounts sales are down another 17% in surviving stores . So what exactly would a Sears outside of bankruptcy sell ? I think you know already its over. The only reason the judge didn't order liquidation came from his own mouth . "it takes time to wind down a business this big " .
2,900 out of 3,500 stores have been fully liquidated, with more on the way. Utility and property tax bills aren't getting paid and haven't been in months. Products have been discontinued because vendors aren't getting paid. Product isn't coming in. The bathrooms aren't getting toilet paper because the contracts aren't getting toilet paper. All the people who are paid to maintain the buildings have been fired. All the people in charge of the project that was supposed to transform the company were fired. If you can't read the writing on the wall, I don't know what to tell you.