There seems to be something in the works. I heard from the DM today that there are going to be big changes the next few weeks, and there is going to be one of those secret store manager only meetings August 25. The DM said the closing announcements might have been postponed a bit because of all the news articles about Kmart's demise.
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the only thing coming is the end
I am thinking as money runs out bankruptcy might be filed between January 2017-June 2017 at the latest. Does SHC even have money to get through the 2016 Christmas season?? Or should massive store closures be started right after Christmas? When I say massive I mean 200+ stores.
Store closures may be released the same day as earnings reports. There are still 200 or so Kmart and 100 or so Sears (A and B stores) that have had continued performance issues but have remained open until now. Closing that many at once would be a disaster, with severance and vendors, so it's likely closures will continue to trickle quarter by quarter as they have in the past.
Seritage and SHC Real Estate are getting aggressive in re-tenanting so that should be an indicator that the company is serious about getting out of locations that are not contributing meaningful revenue to the Sears machine.
What date is the earning announcements released? Probably the day after the earnings are released store closure announcements will be released?
Days are numbered
Most of the layoffs, closures and whatnot usually happen around earnings announcement for the quarter. They might warn management of these actions in advance so they have these secret meetings.
Q2 earnings announcement s a few weeks away so everyone should hunker down and brace themselves. Every time an earnings announcement passes it is getting closer to the earnings announcement where they pull the plug.