Need any more signs?

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.

Posted by @WrysWLJ-wnz.

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10 replies (most recent on top)

Christ, just end it.

Remodeling ? Walmart took Sears to the cleaners selling out of a glorified airplane hanger and someone is suggesting paint and decorations will resurrect this brand ? Doing away with the A and B stores is the only way to make them profitable

Even before the Bankruptcy some of the inventory would take years to flip. Things have really been slowing down with all the store closures and loss of sales.

Guess a DC has a bunch of 2017 inventory, or even older. Not very surprising.

Then why are we getting truck loads of spring fashions explain that one.

Remodeling with what money. Even with not paying vendors and taxes they're needing to borrow hundreds of millions at junk bond rates just to keep the lights on during holiday season.

Convincing vendors to come back and remodeling stores are easy compared to modernizing legacy systems. In a hypothetical surviving Sears, the only way I could see that happening would be if they throw out all the existing systems and start over. Companies with a lot more resources than even pre-bankruptcy Sears have failed miserably at software modernization projects, or not even attempted it. If you just deal with Sears systems you have no idea how many other companies have such lousy crufty software too.

Leena isn't that fat

Fast eddie wants a smaller footprint (500 stores) there ~68k employees left

If 500 store ruins need AVERAGE of 75 peeps for store & support staff that mean ~30.5k peeps are still left to be released from employment

Are the legacy pos and computer systems going to be modernized, are the currently dissed vendors going to want to come back, are the stores going to be modernized all this takes time & money - two things shc hasn't got or knows how to manage

The fat lady is singing

Meh, that’s only 83%. And Amazon doesn’t provide toilet paper so why should we? It’s called innovation.

Thread regarding Sears layoffs

Need any more signs?

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