Thread regarding Sears layoffs

Sears bankruptcy questions

When Sears (likely) files for bankruptcy, will it be Chapter 11 or Chapter 7? Either way, Lampert will make out well as he's the primary lienholder. Also, would this be the biggest retail bankruptcy of all time in the US?

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| 2693 views | | 14 replies (last November 21, 2017) | Reply
Post ID: @OP+QlbF4zW

14 replies (most recent on top)

FYI if you think closing 400 stores and opening 2 is growing you are probably a senior manager at Sears with lips attached to Eddie's ....

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Post ID: @1xor+QlbF4zW

It's all already done. This is the end. Look the f--- around you. There is no one in any department anymore. Wake up. Can't wait till February when they announce they f---ed up too much to survive!!!!

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Post ID: @1xps+QlbF4zW

Three Step Process

Holiday Blowout Sale > Holiday Blast Sale > Holiday Bankruptcy Sale = No More Sales

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Post ID: @1dpa+QlbF4zW

@QlbF4zW-1fiy You're only busy because they are doing the pre-liquidation cough I mean, Holiday Blowout sales. And even then, it isn't going to be enough to keep the company going for too much longer.

@QlbF4zW-1cqq What "new" stores are you talking about? Those small a-- little dinky stores? Yeah that will help save the company...

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Post ID: @1asg+QlbF4zW

The courts could easily deny a Chapter 11 like they did with Sears Canada.

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Post ID: @1yxf+QlbF4zW

Right you are! Hell, we’ve been opening NEW stores this year! We are growing again!!!

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Post ID: @1cqq+QlbF4zW

Nope, never gonna happen. Busiest in ten years we found the sweet spot.

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Post ID: @1fiy+QlbF4zW

Bankruptcy ???? Lol, that gonna happen

#truenews

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Post ID: @1wge+QlbF4zW

Bankruptcy ???? Lol, that. Ain’t gonna happen

#fakenews

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Post ID: @1ajf+QlbF4zW

@QlbF4zW-ozv I highly doubt it. Eddie isn't interested in making more Sears stores. He just wants to sell the properties.

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Post ID: @jyr+QlbF4zW

@ijd Could some high-performing Kmarts get converted to Sears, especially if there isn't an existing Sears store nearby?

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Post ID: @klm+QlbF4zW

@ijd Could some high-performing Kmarts get converted to Sears, especially if there isn't an existing Sears store nearby?

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Post ID: @ozv+QlbF4zW

Lol lol

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Post ID: @xzg+QlbF4zW

It will most likely be a Chapter 11 at first so that they can try and pretend that they are still trying to save the company. Though I believe during this time he'll shutter Kmart entirely to help prop up Sears for a bit longer and it will seem justified at this point to do so.

Eventually though they'll falter again and it will be too late.

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Post ID: @ijd+QlbF4zW

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