I'm trying to figure out how this $1.1 billion deal will affect us. It could be the lifeline we need but it could also be the final nail in the coffin, considering stores, distribution centers, and inventory were given as collateral.
With this management, I'm sadly leaning more towards the latter...
You can kiss those three locations goodbye. Probably after Christmas.
Keep in mind they have tons of winter / spring inventory just rotting in stores. They have to sell it
Dead man walking.
Sears did the same thing - and look where they are.
It keeps the doors open for now. The company just needs to turn a profit now so they don’t go under and lose the real estate they put up