Anybody care to speculate when the next round will be announced?
6 replies (most recent on top)
Most store in the past rounds final day is the 26th of march. give them 2-3 weeks to get reorganized and then another 100-150 store closings. This would bring you to the next (1Q) earning (losses) announcement and then two - three weeks after that another 100-150 stores close. And so on. Just look at the stores that are far away from another store or far from a DC. Those are the ones that will close first.
They will likely be announced the last week of this month or the first week of next month. They sometimes wait until a week or two after the current round closes, but have, at times, announced the last week of the current round. Since over 100 Kmarts are closing this round, it is a safe bet to say that between 50-100 will be closing next round.
Remember this...
http://fortune.com/2016/04/22/sears-kmart-stores-close-where/
Tomorrow. That was why they quietly announced the quarter earnings.
Tomorrow is going to be a bad day.
Once stock prices fall bellow $6.00 a share.
I'd say that it may be later this month or early to mid April (next month) when the store closures are announced. As to store closure numbers, it would not surprise me at all if they decide to close at least 100 stores in the next round!