The question is why? Those stores will go bankrupt also.
a good Win for Sears 👍
But will they pay their employees the severance and the benefits they were owed?
what kind of morons were running the company when they owned prodigy? how do you not see that the internet and internet sales are going to take off when you're the one that made catalog ordering what it became? sears had the PERFECT chance of becoming what amazon is now.
Sears Roebuck
Maybe if upper management and CEO's didn't get such luxurtive paychecks some of these businesses could stay afloat and invest more into their employees and business
Sears is like a horror movie monster. Every single time you think it's finally dead.
Oh, how bout them apples.
*for the time being
I love sears don’t go 😂
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Sears reaches deal with Chairman Eddie Lampert to save company and roughly 400 storesSears Holdings reached a roughly $5 billion deal with Chairman Eddie Lampert early Wednesday morning to keep the company, and roughly 400 stores, in operations, according to a person familiar with the situation. Save 🤣🤣🤣 Huge Package for Execs, & then will sell off piece by piece - screwing over workers & pensions! Don't kId yourself! Vulture Capitalists! PERIOD! Lets start a pool. I give them 2 yrs at the most. Same management will result in the same results.
Source: CNBC - 🏆 12. / 72 Read more »
Ex-Sears CEO Eddie Lampert orchestrated 'scheme' to 'steal' Sears, creditors allegeSears boss and investor Eddie Lampert orchestrated a 'multi-faceted scheme' to strip the company of assets, major creditors alleged. That is correct If true I hope he does time for it. Of course Eddie Lampert did. He began when he bought Sears. He has been stripping assets for years. It's been in the news for years.
Source: USATODAY - 🏆 100. / 63 Read more »
In order to stave off extinction, Sears will decimate its stores until only about 400 remainSears is slated to live on thanks to chairman Eddie Lampert's bid to save the company. To survive, the retailer will have to close numerous stores. I’m heading to the Mall Of America and seeing how the “closure” of the store is going to all listening, our companies ottscorp and erbocorp can help the new Sears and kmart can help gain back its brand, increase sales, with better talent. or
Source: BusinessInsider - 🏆 729. / 51 Read more »
Sears Chairman Eddie Lampert revises his bid to save the company, report saysAmid an auction of its assets, Sears chairman Eddie Lampert has tweaked his bid for the beleaguered retailer according to Bloomberg This guy gives a new meaning to stupid rich The reason Sears is a 'beleaguered retailer' is because vulture capitalist Lampert stripped it of all its assets.
Source: USATODAY - 🏆 100. / 63 Read more »
Eddie Lampert submits revised bid of roughly $5 billion in last-ditch effort to save SearsThis latest attempt comes one day after Lampert's initial $4.4 billion bid to save Sears was rejected by the company. WHY Tossing more money at it won’t help. It’ll only prolong the pain. They’ve had plenty of time to revitalize operations, and failed. The only successes was picking what was Sears apart. Anyone can do that. fail sears sad What is Sears worth ?
Source: CNBC - 🏆 12. / 72 Read more »