https://www.wsj.com/articles/sears-lenders-organize-amid-ongoing-cash-burn-1489446755
5 replies (most recent on top)
Eddie and bruce own all the debt.
I'm so glad I'm out! Got my last severance payment a week ago. I'm finally finished with this horrible place. In the process of rolling over my 401k to my IRA once that's done I will literally have no ties to this company :-) I received a letter yesterday showing me what my COBRA options are. What a JOKE. My monthly premium would go from $130 to over $600! Lol no thank you. I already have new coverage that's much better and less expensive
Duh..
The Fat Lady is on stage and just belted out her first note.
All Sears employees, listen up. There is NO SAFE PLACE in Sears. You will all lose your jobs, every single person.
And in case you haven't noticed, its not just Sears. Every week thousands of store closures are announced.
The retail store bubble is exploding as we speak. America has 5 times more retail space per capita than even Europe or Japan. It's beyond ridiculous and it will end,
Thank you