SEARS Collapse | Forum

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Maklarr4000
Maklarr4000 Oct 28
The Simon Property Group over in Indiana, which has a big portfolio of malls they've turned around to profitability, had this to say about Sears: 




Ouch!

The full story can be read over HERE.

Maklarr4000
Maklarr4000 Oct 29
PBS has a video on their analysis of the Sears collapse, or at least why consumers have shifted away from the "department store" format. Enjoy!



Jasper
Jasper Oct 29
Theyre all closed here anyway
Maklarr4000
Maklarr4000 Nov 5
So, some Sears news from today:




It'll be interesting to see where this goes. Story is HERE.

Maklarr4000
Maklarr4000 Nov 10
Sears is hoping for a powerful holiday season to pull it from the jaws of doom. (HERE)




However, they're already looking to cull more stores in the new year if they make it that far which is pretty telling. 




That story is HERE.

Jasper
Jasper Nov 12
Still open? Lol
Maklarr4000
Maklarr4000 Nov 25
So, Sears is hoping to sell just over 500 of it's stores to a new owner. It'll be interesting to see if some new retail group is formed out of this.


Story is HERE.



Maklarr4000
Maklarr4000 Dec 6
So, Sears ex-CEO Eddie Lampert isn't willing to let Sears (or, as his critics have pointed out, Kenmore) slip away to public auction. He's leveraged enough money to buy Sears outright, including 500 of it's stores, from whence he can do whatever he and his hedge fund want with them. That leaves more than 1,000 other stores up in the air, but their fates were all universally sealed anyway had the bankruptcy proceeded to a full Chapter 7 liquidation or even a Chapter 11 sale.



Jasper
Jasper Dec 9
Quote from Maklarr4000 So, Sears ex-CEO Eddie Lampert isn't willing to let Sears (or, as his critics have pointed out, Kenmore) slip away to public auction. He's leveraged enough money to buy Sears outright, including 500 of it's stores, from whence he can do whatever he and his hedge fund want with them. That leaves more than 1,000 other stores up in the air, but their fates were all universally sealed anyway had the bankruptcy proceeded to a full Chapter 7 liquidation or even a Chapter 11 sale.



Lol
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