Are there questionable dealings going on?
It's the only job I know that you can rob the bank and get away with it. 1%
Of course Eddie Lampert did. He began when he bought Sears. He has been stripping assets for years. It's been in the news for years.
If true I hope he does time for it.
That is correct
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Ex-Sears CEO: Embattled chain probably won't survive if retail bankruptcy history is any guideThe odds are stacked against billionaire Eddie Lampert and his $5 billion-plus effort to resurrect Sears, says former Sears chief Alan Lacy.
Source: CNBC - 🏆 12. / 72 Read more »
Sears Creditors Oppose Sale to Edward LampertThe retailer’s creditors are balking at its proposed sale to hedge-fund manager Edward Lampert, who they accuse of stripping Sears of its best assets before dumping the chain into bankruptcy and cheaply reacquiring it. Subscribe to PewDiePie. What happens when you let these scumbags take over businesses. They load em with debt, mismanage, and kill what the company was. sad they destroy so many US comapnys & nothing is done.
Source: WSJ - 🏆 98. / 63 Read more »
'Fill or kill': the three weeks that saved SearsThe future of Sears Holdings Corp and tens of thousands of its employees across ...
Source: Reuters - 🏆 2. / 97 Read more »
J.C. Penney Struggles to Avoid Same Fate as SearsJ.C. Penney sales are falling, senior executive slots remain vacant and the strategy keeps changing—leading analysts to ask: Is it too late for a turnaround? I love JCP. It's one of my favorite stores.They need to focus on the products they sell, making sure they are of good quality&style,but also r a good value.There's no reason why they should fail,if they do those things, bc they have loyal customers.Need to avoid being TOO trendy. Agreed here JC Penny and Sears have both seen their best years. The big bonuses to executives sad. The one most likely to survive another 20 years is Macy, they give so much value and involved deeper in the communities. However, it is the changing time of retailing retooling. Gpete300 Just a thought on Sears and Penney’s future; maybe in today’s retail climate they should return to their roots with online catalog sales and leave the brick & mortar venue.
Source: WSJ - 🏆 98. / 63 Read more »
J.C. Penney Struggles to Avoid a Fate Worse Than the Sears ScenarioWith J.C. Penney Co.’s sales falling and no turnaround strategy in sight, analysts wonder whether the embattled retailer will have to follow its rival Sears to bankruptcy court Name the last time you said... HEY HON LETS GO TO (PENNYS|SEARS|MACYS|!!) AND SHOP. Come on people. Might as well rue the decline of the 1950s lunch counters at woolworths. Im pretty sure if therr carry more plus size clothing that doesn't look like a curtain they would be okay. hardheaded plussizeisthefuture These places are all cat and mouse games between store security and shoplifters. Such unpleasant shopping experiences.
Source: WSJ - 🏆 98. / 63 Read more »
Sears' massive legal fees are adding up at a time it desperately needs cashSears' creditors are waiting to learn how much money they'll recoup from its bankruptcy case. The only thing that's certain: Whatever they get will be reduced by the tens of millions because of legal and other professional fees that are already mounting in the case. Fake news A short film called ' The Injustice Ocean' that describes the suffering of Palestinians in general. part2/3 EndIsraeliOccupation ApartheidIsrael StopArmingIsrael stopkillingpalestinians IsraeliCrimes BDS
Source: CNN - 🏆 4. / 95 Read more »
Gold’s Gym is taking over vacated Sears locationsAs retailers shutter stores, mall operators are expanding their portfolios to include health clubs and other businesses. But, my local Gold’s gym became a seasonal Halloween shop... Wonderful.
Source: MarketWatch - 🏆 3. / 97 Read more »
PBGC steps in to oversee Sears' two pension plansPension Benefit Guaranty Corp (PBGC) is taking steps to assume responsibility fo... People are going to run out of places to go and say 'Gee, I really like this. I wonder how much it is on Amazon?' Unlike with the web and LinkShare, stores like Sears and Target don't get a kickback when folks decide to buy the Keurig they just touched in the store via Amazon.
Source: Reuters - 🏆 2. / 97 Read more »
PBGC Is Taking Steps to Assume Responsibility for Sears Pension PlansThe Pension Benefit Guaranty Corp. said it is taking steps to assume responsibility for Sears Holdings Corp.’s two defined-benefit pension plans for employees and retirees at Sears and Kmart, which cover about 90,000 people. Before we get all the “why is the government doing this yada yada I’m a libertarian” remember that people worked for those pensions, same as you work for your 401k and social security A badly run pension plan can doom a company...or a country...
Source: WSJ - 🏆 98. / 63 Read more »
Deal or no deal, Sears' challenges will boost Macy's, J.C. Penney and Dillard's businessEven if Sears' contested deal to save roughly 400 stores with ESL Investments secures approval from the bankruptcy judge, it faces challenges that could reap benefits for Macy's, J.C. Penney and Dillard's. They are all set up to fail though Less stores at the mall may lead to less mall traffic
Source: CNBC - 🏆 12. / 72 Read more »