Posted on 12/28/2018 6:47:14 PM PST by 2ndDivisionVet
Sears, which is struggling to stay alive, announced more stores will shutter
Time could be running out for Sears Holding Corp., but in the meantime the bankrupt retailer continues to announce store closures.
Sears SHLDQ, -2.24% will shutter 80 stores by late March 2019, with liquidation sales starting in two weeks. Accompanying Sears Auto Center locations will be closing as well....
(Excerpt) Read more at marketwatch.com ...
“I remember sitting at the lunch counter at a Woolworth’s;)”
I remember working at the lunch counter at
a Woolworth’s. I was young, and it was fun.
In the ‘80s we built two houses in Alaska. All of our major appliances were ordered through the Sears catalog. Since they did away with the catalog I lost interest in Sears.
They brought it on themselves.
They are also circling the drain. Look at what happened to their stock (NYSE:JCP) in the last year.
And I remember the downtown Woolworth’s had quite a gun section. .......................................... Circa 1988 Woolworths in Schenectady NY, M-1 Garand @ $299.00.
I quit ordering from Sears catalog a long time ago. I sent in 3 orders and all they sent me was the swimsuits.
All the Woolies lunch counter food was pretty good I thought
Nov 17, 2004 ... NEW YORK (CNN/Money) - Kmart is buying Sears, Roebuck & Co. for $11 billion in a deal that will marry two of the nation's oldest retailers that ...
He's already gotten the real estate - a little over 2 years before filing the bankruptcy. (For those who don't read the bankruptcy code on a regular basis, the two year gap is significant. Section 548.) He's also one of the biggest secured creditors.
And they had a long rack full of them. I should of bought mine back then. I picked up 2 from CMP, but not for $299.
I discussed this with folks who have been around since the 70’s with SEARS.
This guy came in with one goal. Reap the rewards of the giant. He won.
Anything outside of a mall is super prime. Every major city.
Guess they’re spending their last $$ on TV ads.
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JCPenney moves to the clearance racks as it becomes a penny stock
http://www.freerepublic.com/focus/f-news/3715938/posts
The biggest surprise was that he ran it as long as he did. He bought KMart out of bankruptcy for the real estate value, and quickly monetized that, then bought Sears. Some folks thought he’d run through that like he did the good KMart assets. But he put 10 years into trying to keep the chain running. So this wasn’t your typical investment banker looting.
Looks like he may be willing to take one more round with a few hundred stores. I can’t see where the pleasure is worth the pain at this point. Maybe nostalgia on his part.
He paid 20% for K-Mart.
He sold an idea that they would prosper.
I doubt he had been in a K-mart in his life.
Sears screwed the pooch by letting Home Depot destroy them.
Nobody buys clothes at Sears.
JC Penney’s stock is now $1 / share...
JC Penny could come back if they focus on clothes.
Get off the gay thing and sell quality.
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