stores throughout the years -- it was the go to store for just about any household appliance, clothing, shoes, etc.

honoring the benefits/pension plan that the company agreed to decades ago?

Oh, if only they force those pensioners from their homes and out into the streets and take away their dialysis treatments, then Sears could continue operating...

Everyone knew it was gonna happen. She just lingered and lingered some more. I mean no one wanted her to die.
But she was obviously terminal. The cancer spread and spread but she hung on
It's how I think of Sears
Grandma z eventually died...and so will Sears

It's true that online shopping is pulling customers away from old-line brick-and-mortar stores such as Sears, and, Sears is an "old" name, not attractive to millennials.

However, Sears was not helped when a corporate raider became CEO and loaded up the company with debt.

Instead of changing to meet the new reality, Sears took a step backward, merging with another troubled retailer Kmart, to form Sears Holdings.

Its new CEO, hedge fund operator Eddie Lampert, thought he could turn around both companies simply by cutting costs and selling the real estate where underperforming stores were located. Sears and Kmart had 3,500 U.S. stores between them when the deal closed in 2005. By early 2018 the company was down to about 1,000 locations total.

The mistake Sears made, say experts, was failing to invest the savings from closing stores and selling real estate into rebuilding the business.

out of American businesses. They continually wreck iconic businesses with their insatiable greed and trainwreck business practices.

shares of any business. All they do is load up the company with debt to enrich themselves until there's no more money to squeeze out, then they leave the carcass of the business out for garbage collection.

greedmongers go bankrupt. The private equity and hedgefund assholes should be indicted on fraud.

entirely seperate "betting market". If you want to bet on stock prices/earnings, etc, go right ahead, but no actual buying or selling company stocks.

They would have been the largest online retailer instead of Amazon.

crap management. We now have a SCOTUS that will protect these criminals.

Financial dealing – to yourself – Sears, Kmart

https://www.bloomberg.com/news/articles/2018-09-27/lampert-s-sears-plan-would-hand-lampert-s-hedge-fund-1-billion

CEO’s Plan to Save Sears Would Hand His Hedge Fund $1 Billion

Eddie Lampert’s hedge fund has a new plan for cutting Sears debt. The main beneficiary would be Eddie Lampert’s hedge fund.

Proposal calls for some creditors to get ‘worthless’ equity

“To have debt that’s convertible into equity when the equity is worthless doesn’t appear to be a very attractive proposal at all,’’
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Some wordsmith should take pride in writing this::::

“We will now be working aggressively to execute liability management transactions so that we can extend our runway and continue executing on our transformation strategy,’’ Sears said in a Tuesday internal message to employees seen by Bloomberg. “At the same time, we’ll continue to move forward with our other planned liquidity and cost measures.’’

Some of us call that "verbal vomit".

Weird Al Yankovic had a song about stuff like that!

My local store was in the top 5 in US sales but located in a booming real estate area, so Lampert sold off the property to developer that he controls and shut the store down while keeping the Kmarts open that are just in leased spaces. He will make out like a bandit on the new developments to be constructed on former Sears' properties.

Seemed obvious to me that their aim was to liquidate inventory while closing stores and not trying to reach any profitable status for their stores while Lampert tried to enrich himself with real estate development deals involving closing stores in high property value areas and Craftsmen sell-off. He has been trying to make a deal to preserve the Kenmore brand the way he did with Craftsman.


Their merchandise give-away points program has been unbelievable for customers who participate. I have been taking advantage of their deals for about 2 years, most recently buying infant and toddler clothes for my family for almost nothing. I have totally refurbished our towels, bedding, clothing and shoes from Sears and Kmart as well as camping supplies, bicycle tubes and tires and even Coleman and Sterno fuel for pennies on the dollar with their crazy give away offers.