https://www.chicagotribune.com/business/ct-biz-sears-bankruptcy-holiday-losses-20181205-story.html
3 replies (most recent on top)
Gotta pay for those fancy steak dinners and luxury perks for the executives so that they can maintain the lifestyle that they have become accustomed to.
Where is all that money going ? There are way fewer stores to operate and many less employees to pay, and they still burn through a half billion in a quarter ?
Sears also now expects negative operating cash flow in the weeks leading up to Christmas and net cash flow before financing of minus $434 million for the 13 weeks through Feb. 16.
Losing $434 million in a quarter before even considering interest payments is surely a going to convince Judge Drain that Eddie has a solid go forward plan