Obama's America: Sears on the brink of catastrophe | |
Anonymous Coward User ID: 6600166 United States 12/08/2016 03:22 PM Report Abusive Post Report Copyright Violation | |
Oaken Paw It's the wood that makes it good User ID: 1153437 United States 12/08/2016 03:24 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 56569807 United States 12/08/2016 03:25 PM Report Abusive Post Report Copyright Violation | Things aren’t looking good for Sears. Quoting: TheWiz111 The company is shutting down dozens of Kmart stores this month and two of its highest-ranking executives left this week in the midst of the key holiday shopping season. This comes following speculation among Sears and Kmart employees, suppliers, and several banks that the retailer will soon go bankrupt — something Sears has repeatedly dismissed [link to www.aol.com] It just wouldn't be America without Sears and Kmart. Maybe Trump can turn their fortunes around. If you want Sears and Kmart not to fail, go shop there and stop shopping online. Tell all your friends to do the same. |
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TheWiz111 (OP) User ID: 72808188 United States 12/08/2016 03:45 PM Report Abusive Post Report Copyright Violation | i keep hearing about imminent end of sears since 2000 and sears is still not done, what gives ? Quoting: Anonymous Coward 70073294 The article says that Sears is having to rely on outside funding or the sale of assets, such as real estate, to sustain operations, and Kmart in particular is at risk of shutting down. Sears is running low on cash. Within the past year the Company's cash and equivalents have fallen from $1.8 billion to $276 million. As a result, the retailer was forced to accept $300 million in financing from Sears CEO Eddie Lampert's hedge fund, ESL Investments, in the second quarter. It looks like the end is sadly near. |
Bud Fox User ID: 2574216 United States 12/08/2016 03:46 PM Report Abusive Post Report Copyright Violation | They've been positioning the company for this for a long time. You can now buy craftsman items at other stores, not just Sears, which tells me they will spin off Craftsman, Kenmore, and other brands as the core of what is left after bankruptcy. I doubt if their many stores or Kmart will survive though. Blue Horseshoe loves GLP |
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Useless Cookie Eater User ID: 29696048 United States 12/08/2016 03:49 PM Report Abusive Post Report Copyright Violation | Sears never really stayed ahead of the curve with the quickly changing market. Quoting: Oaken Paw As much as I'd hate to see them go, they are pretty much done. Tools are their bread and butter. They need to refocus on that. They could easily get back into that market space again on a much bigger scale. |
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Oaken Paw It's the wood that makes it good User ID: 1153437 United States 12/08/2016 03:53 PM Report Abusive Post Report Copyright Violation | Sears never really stayed ahead of the curve with the quickly changing market. Quoting: Oaken Paw As much as I'd hate to see them go, they are pretty much done. Tools are their bread and butter. They need to refocus on that. They could easily get back into that market space again on a much bigger scale. Once they outsourced their tools, the quality dropped. Everything has got to be a THING today |
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