Scraps by Curb vs. Sears Holdings

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AGhead
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Re: Scraps by Curb vs. Sears Holdings

Postby AGhead » Fri Dec 28, 2018

It seems like amazon or someone would buy this bled business @ .20 to .30 per share, especially if real estate came with the buyout. (but all that's above my understandings))
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Re: Scraps by Curb vs. Sears Holdings

Postby BotanicusRex » Fri Dec 28, 2018

It deserves to die... but still kinda sad.
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Re: Scraps by Curb vs. Sears Holdings

Postby AGhead » Fri Dec 28, 2018

BotanicusRex wrote:It deserves to die... but still kinda sad.

Curious as why. Due to poor management?
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Re: Scraps by Curb vs. Sears Holdings

Postby Brick's » Fri Dec 28, 2018

Investopedia provides a rather lengthy synopsis: https://www.investopedia.com/news/downfall-of-sears/
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BotanicusRex
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Re: Scraps by Curb vs. Sears Holdings

Postby BotanicusRex » Fri Dec 28, 2018

AGhead wrote:
BotanicusRex wrote:It deserves to die... but still kinda sad.

Curious as why. Due to poor management?

Absolutely. Lack of and flawed foresight.

1. "This is what always has worked for us."
2. "Wal-Mart can't sell that cheap and stay in business."
3. "People are skeptical of those dot-com retailers, they won't last."
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Re: Scraps by Curb vs. Sears Holdings

Postby Purple and Gold » Fri Dec 28, 2018

Is JC Penny far behind? Their stock is less than $1 per share now
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Re: Scraps by Curb vs. Sears Holdings

Postby MileHighSilver » Fri Dec 28, 2018

tdtwedt wrote:Sears may be down to its last 24 hours. Iconic retailer likely liquidates if no bid comes in Friday

https://www.cnbc.com/2018/12/27/sears-m ... orrow.html



Eddie throws a last minute Hail Mary,

https://nypost.com/2018/12/28/eddie-lam ... NYPTwitter
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BotanicusRex
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Re: Scraps by Curb vs. Sears Holdings

Postby BotanicusRex » Fri Dec 28, 2018

One more week to spend those Sears gift cards in the back of the drawer.
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Re: Scraps by Curb vs. Sears Holdings

Postby fredzoyt » Fri Dec 28, 2018

Amazon and Walmart will fall too eventually. No one stays on top and cutting edge indefinitely.
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Re: Scraps by Curb vs. Sears Holdings

Postby tdtwedt » Mon Dec 31, 2018

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Re: Scraps by Curb vs. Sears Holdings

Postby tdtwedt » Tue Jan 08, 2019

It's lights out for Sears on Tuesday unless Eddie Lampert can sweeten his bid

Sears is planning to announce its decision on Chairman Eddie Lampert's bid to save the company Tuesday morning, people familiar with situation tell CNBC.

Sears believes Lampert's bid is short, and the two parties have been unable to come to a resolution.

Without a fix, Sears will liquidate.


https://www.cnbc.com/2019/01/07/sears-i ... y-fix.html
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BotanicusRex
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Re: Scraps by Curb vs. Sears Holdings

Postby BotanicusRex » Tue Jan 08, 2019

Judge gives Lampert more time. Maybe it's delaying the inevitable, but a ray of hope for 50,000 employees.
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Re: Scraps by Curb vs. Sears Holdings

Postby tdtwedt » Mon Feb 04, 2019

Bystanders of Sears' downfall will get their day in court Monday

Sears Holdings unsecured creditors will head to bankruptcy court in White Plains, New York on Monday, Feb. 4 to protest Eddie Lampert's $5.2 billion bid to save the company, which owns both Sears department stores and Kmart.

The offer is the only one that would keep Sears alive, but its unsecured creditors allege misdealing by Lampert under his tenure as chairman and CEO.

Judge Robert Drain will hear the objections and rebuttals, and make an ultimate ruling regarding the company's future.


https://www.cnbc.com/2019/02/03/bystand ... onday.html
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Re: Scraps by Curb vs. Sears Holdings

Postby tdtwedt » Fri Feb 08, 2019

Eddie Lampert's deal to buy Sears granted approval, as retailer is given a second life

A federal bankruptcy court judge approved the sale of Sears Holdings to billionaire Eddie Lampert.

The $5.2 billion deal is expected to save 425 stores and roughly 45,000 jobs.

Judge Robert Drain overheard a litany of concerns over a three-day hearing from Sears' unsecured creditors, who pointed to potential flaws in ESL's business plan and its previous failures running the retail giant, in their arguments against the deal.


https://www.cnbc.com/2019/02/07/eddie-l ... -life.html
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AGhead
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Re: Scraps by Curb vs. Sears Holdings

Postby AGhead » Fri Feb 08, 2019

I thought the radio news said the Fed was bailing Sears out?
(can't rewind the radio)
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Re: Scraps by Curb vs. Sears Holdings

Postby tdtwedt » Thu Feb 28, 2019

You can expect more JC Penney store closures in 2020 and beyond

J.C. Penney says it will close just 18 department stores, in addition to nine home and furniture shops, in 2019.

Analysts say there could be more on the horizon.

Penney Treasurer Trent Kruse says: "I think that's a fair read."


https://www.cnbc.com/2019/02/28/you-can ... eyond.html
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Re: Scraps by Curb vs. Sears Holdings

Postby tdtwedt » Fri Apr 19, 2019

Sears sues former CEO Eddie Lampert, Treasury Secretary Mnuchin and others for alleged 'thefts' of billions from retailer

"Altogether, Lampert caused more than $2 billion of assets to be transferred to himself and Sears' other shareholders and beyond the reach of Sears' creditors," the lawsuit alleges.


https://www.cnbc.com/2019/04/18/sears-s ... hefts.html
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