Unless there's some actual go-forward plan to make things better, I don't see a point

Unless there's some actual go-forward plan to make things better, I don't see a point.

When GM went bankrupt, they too washed away a lot of debt and obligations, but the government task force made sure they changed a lot of their processes, They dropped brands and changed their product mix. I know people who worked for GM who carried flashlights because the company didn't turn the lights on in some buildings, they were so focused on cost savings. So they made an actual effort and they survived and are doing fairly well today (closing plants and dropping products now is actually very smart and responsive to the market)

What would be done differently at Sears/Kmart? Would there be new product, better stores, upgraded technology? A definition of what the company stands for, what market segments it's pursuing...? Anything? Or just same as it ever was until the next crisis?

I agree 100% with @X3N4nNo-dmh . The fact is that we haven’t seen even an idea of any plan to make things different.

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DUH! It's to continue closing stores, and selling off properties! He's been doing it since 2010, have you just started following this company recently?

Kmart has very few pharmacies left. They started to cut them a few years ago. Our store spent tens of thousands of dollars getting the correct certifications and licenses to offer more d--gs at the pharmacy and then closed 8 months after.

A smaller Sears operation, focused on the core hardline brands, is an interesting proposition.

There are also other strengths in the portfolio. For example, Kmart Pharmacy — believe it or not — has been top-ranked for customer service for several years now.

There’s a fairly solid base of people who buy around $10 billion a year in stuff from the remnants of SHC. If you put together a refurbished operation with more focus on digital sales, and executed on the smaller store footprint plan they unveiled with the proof of concept small store in Suburban Chicago, it could become fairly profitable.

Big old retail brands have value; even Montgomery Ward continues as an online-only store and does several hundred million bucks a year in online sales.

It’s not guaranteed they could pull it off, but the idea they’ve got nothing at all to work with isn’t really true. They’d need to change a lot, but there are still assets worth working with... the big risk is that they’ll be tempted to continue with business as usual.

If Lampert gets the company, the best thing he could do is stay away from day to day operations and let some retail experience gurus steer the ship.

I have just been waiting for someone to break out the Underpants Gnomes reference in one of these posts.....

Step 1. Steal underpants

Step 2...........

Step 3. Profit

Hmmm...Old Kmart locations have the advantage of being free-standing and in many cases have a lot of the infrastructure needed for a grocery operation. On the other hand, they aren't necessarily in areas that could support a Whole Foods.

I'd say Eddie will have an interested buyer if he wins the stores.

https://www.yahoo.com/amphtml/finance/news/exclusive-amazon-eyes-closed-sears-stores-for-whole-foods-expansion-202005747.html

The Sears bankruptcy has been a circus and make no mistake, Judge Drain is the ringmaster who has allowed all this nonsense to happen. He's let the whole thing become a zoo, and it's a terrible thing for every single party involved.

Thread regarding Sears layoffs

Unless there's some actual go-forward plan to make things better, I don't see a point

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