Sears/Kmart quickly disappearing

[jmc]

You never know...but I do know he is an opportunist (like most successful businessmen)...
...I bet he remembers the catalogs too...!

Automated facilities/ kiosks etc. are the future...nobody knows it better than Bezos...Sears biggest asset (and current liability) is real estate... you never know...

I'm sure anyone with the wherewithal is looking or has looked at it...bring it out of BK and there are no shareholders to deal with...

Interesting. The Last Mile is the last major obstacle for online shopping. One theory about Bezos buying the Washington Post is that he wanted to expand their home paper delivery model to packages. Cheap brick and mortar in high traffic would be almost as good. Walmart is making online progress.

Sears stock right now probably has a better return on investment than lottery tickets.

 

[/pine]

Excluding a rabbit being pulled out of a hat...The big question is when (not if) they file for BK is...Will they be allowed to reorganize or will they be required to liquidate?...the latter has become prevalent of late by major lenders...

 

[Gale Hawkins]

Excluding a rabbit being pulled out of a hat...The big question is when (not if) they file for BK is...Will they be allowed to reorganize or will they be required to liquidate?...the latter has become prevalent of late by major lenders...

I think that happened a week or two ago. I thought the owner and lenders were more or less the same parties?

 

[TheMan419]

They filed for bankruptcy last night....

Sears, US retail giant, files for bankruptcy - CNN

Looks like they are closing about 200 hundred more stores initially. Then who knows. It is a Chapter 11 so there is at least some thought they are going to reorganize. The CEO stepped down. He is the largest shareholder. More than likely he is going to try to buy Sears or some large portion of the assets.

Your Craftsman life time warranties will become worthless.

 

[/pine]

I think that happened a week or two ago. I thought the owner and lenders were more or less the same parties?

>>>The Sears bankruptcy means that unsecured creditors, or suppliers and pensioners, will be last in line to get paid. Sears said in its bankruptcy filing that funds will be available to pay unsecured creditors after the secured ones such as the banks are made whole. But how much unsecured creditors will receive, if anything, is an unknown.

Here are five key unsecured creditors of Sears and how much they're owed for their products:

Whirlpool (WHR): $23.4 million
Frigidaire: $18.6 million
Cardinal Health (CAH): $13.9 million
Samsung (005930.KS): $8 million
Black & Decker (SWK): $5.9 million
<<<





Sears bankruptcy bad for these unsecured creditors

 

[Gale Hawkins]

Stanley, Sears to have competing Craftsman tool brands - Chicago Tribune

I am guessing this $900 million is gone by now?

 

[KubotainNH]

Stanley, Sears to have competing Craftsman tool brands - Chicago Tribune

I am guessing this $900 million is gone by now?

Wow, ok then. So can you return either tool to either store for warranty? I think at this point I'd rather buy the Stanley version.

 

[dragoneggs]

Wow, ok then. So can you return either tool to either store for warranty? I think at this point I'd rather buy the Stanley version.

I'm curious as to why you would rather buy on brand name and not look at the tools closer?

 

[Fuddy1952]

"Your Craftsman life time warranties will become worthless."
A friend of mine when someone mentioned a lifetime warranty said "Yours or mine?".

 

[cqaigy2]

They've been pulling cash out of the company for years. When that peters out, they have all the very expensive land those old stores sit on. Not illegal, just unethical.