|
Crow Jane posted:I'm amazed every time I remember Kmart is still hanging on somehow Ok going to use this as a moment to post something reverent to the topic of retail. 18 Sears and 45 Kmart more stores are being closed early next year. https://www.reuters.com/article/us-sears-restructuring/sears-to-close-63-more-u-s-stores-after-holiday-season-idUSKBN1D32HA After 101 years Whirlpool has ceased to supply Sear with its appliances to sell. https://www.washingtonpost.com/news/business/wp/2017/10/24/why-sears-ended-a-century-old-partnership-with-whirlpool/?utm_term=.c9a2698b128b LG Electronics and Samsung are demanding cash up front for delivery of certain goods. Levi jeans have ceased supplying to Sears. LOL Surprise. Apparently the hottest children's toy (wow I'm old) refuses to provide many to Sears due to fears it can't pay. https://www.axios.com/sears-suppliers-revolt-hastening-its-decline-2504915051.html Sears borrowed 100 million in early October with an additional 100 million available if needed. They tapped 40 million of that on October 18 and the remaining 60 million on the 25th for a total of 200 million in October alone. http://www.chicagotribune.com/business/ct-biz-sears-third-loan-edward-lampert-20171030-story.html Lastly: Everything and I mean everything is 50% off at Sears and 40% off at Kmart until after Black Friday. As it tries to make some money. http://money.cnn.com/2017/11/01/news/companies/sears-kmart-holiday-sales/index.html
|
#
¿
Nov 4, 2017 23:17
|
|
|
|
| # ¿ May 12, 2024 03:58 |
|
|
https://www.usatoday.com/story/money/2017/11/08/sears-losses/843320001/ Sears has received permission from the US pension board to sell another 140 stores to help fund its pension obligations.
|
|
#
¿
Nov 9, 2017 12:52
|
|
|
https://twitter.com/businessinsider/status/947819909756702720 So ~9,000 retail stores closed in 2017 and 12,000 are projected to close in 2018.
|
|
#
¿
Jan 2, 2018 02:11
|
|
|
64 Kmart stores and 39 Sears stores to be specific.
|
|
#
¿
Jan 5, 2018 03:18
|
|
|
Presto posted:The Sears in Fairfax, VA used to be on both levels of the mall. They have now moved to just the lower level. Upper half is empty. Same story for the Sears in the mall near me except the upper half got a tenant rather quickly.
|
|
#
¿
Jan 5, 2018 07:42
|
|
|
https://twitter.com/USATODAYmoney/status/956989155950542849quote:We would treat the proposed transactions, if completed, as tantamount to a default,'' S&P Global Ratings said in a note Wednesday, adding that its outlook for the retailer was negative, reflecting that, "if the proposed transactions are completed, we will lower the corporate credit rating to 'SD' (selective default) and the issue-level ratings on the affected debt facilities to 'D.' "
|
|
#
¿
Jan 27, 2018 00:18
|
|
|
TyroneGoldstein posted:You know, I swear I've seen this bulletin about Sears so many times in the last couple months that I'm beginning to think they've drifted into some sort of weird negative-energy, invert thermodynamics space. Not just the last couple months. Sears was downgraded 7 days ago too.
|
|
#
¿
Jan 27, 2018 06:31
|
|
|
https://twitter.com/chicagotribune/status/958811754435416064
|
|
#
¿
Jan 31, 2018 23:14
|
|
|
https://twitter.com/businessinsider/status/964621782253699072 That's 200 out of 500 stores. Interesting to see a grocery chain go down.
|
|
#
¿
Feb 17, 2018 16:16
|
|
|
Hand Row posted:Any regional mid market store is generally pretty hosed, especially for grocery. It'll be a cold day in hell before Market Basket fails in New England.
|
|
#
¿
Feb 17, 2018 18:35
|
|
|
Hand Row posted:Aren't they all about low prices? By mid market I meant middle prices, middle quality. Are they? I've pretty much only shopped there or at Shaw's and Shaw's is cheaper. That didn't help keep the Shaw's in my hometown from closing despite there being two Market Baskets on the same street.
|
|
#
¿
Feb 17, 2018 21:06
|
|
|
https://twitter.com/businessinsider/status/966464575192424454 Another 200 store closures by Toys R Us. There's talk it'll go from bankruptcy into administration at the end of the month due to not having the money to pay a loan. (not in this article)
|
|
#
¿
Feb 22, 2018 01:25
|
|
|
https://twitter.com/CNBC/status/969661480961495040?s=19 More cuts from JC Penney. Edit: Oh Toys R Us UK has gone into administration. OhFunny fucked around with this message at 05:16 on Mar 5, 2018 |
|
#
¿
Mar 5, 2018 05:10
|
|
|
FCKGW posted:Sears is just more than Sears and Kmart stores. It’s Sears appliance repair and parts business, Craftsman B2B sales, automotive repair, insurance and real estate deals. There’s a ton is passive and residual income that can fund Sears for a while even as their retail stores die. Yeah probably. Kmart is going down before the end of the year though. Whenever closings are announced the majority has always been Kmart stores. The brand is weak and it does everything other stores do worst.
|
|
#
¿
Mar 10, 2018 00:58
|
|
|
https://twitter.com/USATODAY/status/975711014896504835?s=19 As expected. Claire's Stores has filed for bankruptcy.
|
|
#
¿
Mar 19, 2018 17:08
|
|
|
Doctor Butts posted:Is that another example of a company bought with debt? quote:Claire's is another victim of a string of private equity buyouts orchestrated by outside investors who loaded up on debt about a decade ago, saddling retailers with burdensome payments. Yup.
|
|
#
¿
Mar 19, 2018 21:08
|
|
|
Horseshoe theory posted:So... what's everyone's thoughts on the next chain that's going under? *Takes out 'Retail Death Pool' board* Not retail, but some of the smaller/medium sized toy makers will probably go under with Toys R Us gone. Edit: I’ll guess J. Crews goes down next among the retail stores. OhFunny fucked around with this message at 02:31 on Mar 21, 2018 |
|
#
¿
Mar 21, 2018 02:28
|
|
|
https://twitter.com/GS_CapSF/status/976969971807830016?s=19 Bad news from Nike.
|
|
#
¿
Mar 23, 2018 07:04
|
|
|
EugeneJ posted:https://twitter.com/jwbank/status/986377174767820800 Washington Prime Group and CBL Properties are both very exposed to a Bon-Ton liquidation. 25% of their malls have one as an anchor store.
|
|
#
¿
Apr 18, 2018 01:38
|
|
|
https://twitter.com/CNBC/status/1017129075448729600?s=19 In Sears Death Watch news.
|
|
#
¿
Jul 11, 2018 20:36
|
|
|
https://twitter.com/CNBCnow/status/1022212783847481344?s=19 Ripple effect from Toys R Us going under.
|
|
#
¿
Jul 25, 2018 23:08
|
|
|
https://twitter.com/BostonGlobe/status/1032418919091453954?s=19 More Sears stores closing.
|
|
#
¿
Aug 23, 2018 11:39
|
|
|
https://twitter.com/washingtonian/s...ingawful.com%2F lol
|
|
#
¿
Sep 21, 2018 21:37
|
|
|
https://twitter.com/WSJ/status/1049986673059213313?s=19 Looks like the bell has finally tolled for Sears.
|
|
#
¿
Oct 10, 2018 15:07
|
|
|
https://twitter.com/cnn/status/1059431606216245249?s=21
|
|
#
¿
Nov 5, 2018 17:56
|
|
|
https://twitter.com/WSJ/status/1065035847626645504?s=19 Don't forget Gap on your death watch lists.
|
|
#
¿
Nov 21, 2018 15:26
|
|
|
https://www.cnbc.com/2018/12/28/sears-chairman-eddie-lampert-submits-bit-for-company.html Lampert put a $4.4 billion bid in for Sears, so its execution has been stayed for a few weeks.
|
|
#
¿
Dec 29, 2018 08:31
|
|
|
https://twitter.com/washingtonpost/status/1085540433479041024?s=19 I give it a year before it's back in bankruptcy.
|
|
#
¿
Jan 16, 2019 17:10
|
|
|
https://twitter.com/aldotcom/status/1084906552291676160?s=19 Another one bites the dust.
|
|
#
¿
Jan 23, 2019 15:21
|
|
|
JC Penney will cease selling appliances by the end of the month. Furniture will be sold online only as well soon.
|
|
#
¿
Feb 7, 2019 08:21
|
|
|
Eddie Lambert resigned as Chairman of Sears today.
|
|
#
¿
Feb 15, 2019 00:38
|
|
|
Sears is being sued by the company they sold the Craftsman brand to for breach of contract over introducing a new line of Craftsman's tools and running ads saying they're the real home of Craftsman's tools.
|
|
#
¿
Mar 7, 2019 06:32
|
|
|
https://www.cnbc.com/2019/05/20/dressbarn-is-going-out-of-business-to-shut-all-650-stores.html Dressbarn has gone under and is closing all 650 of it's retail locations.
|
|
#
¿
May 21, 2019 00:30
|
|
|
https://twitter.com/businessinsider/status/1134167595341492224?s=19
|
|
#
¿
May 31, 2019 03:08
|
|
|
https://www.cnbc.com/2019/06/07/heres-where-the-jobs-are-in-one-chart.html Retail lost 7,500 jobs in May.
|
|
#
¿
Jun 8, 2019 02:08
|
|
|
https://www.cnbc.com/2019/07/13/retail-store-closures-in-2019-freds-charming-charlie-and-more.html 7,062 announced retail closings so far this year. Estimated to be 12,000 total by the end. This is way above the 8,139 from 2017.
|
|
#
¿
Jul 14, 2019 14:52
|
|
|
https://www.cnbc.com/2019/07/13/barneys-explores-possible-july-bankruptcy-filing-grapples-with-manhattan-rent-hike.html Looks like Barneys will the next retailer to file bankruptcy.
|
|
#
¿
Jul 14, 2019 15:04
|
|
|
https://www.cnn.com/2019/08/01/business/lowes-layoffs-store-workers/index.html Lowe's isn't giving hard numbers, but announced they're laying off "thousands" of employees.
|
|
#
¿
Aug 2, 2019 09:04
|
|
|
https://www.cnn.com/2019/08/07/business/sears-kmart-closure-list-trnd/index.html Let's check in how Sears is doing now after coming out of bankruptcy.... 26 more store closures.
|
|
#
¿
Aug 7, 2019 21:24
|
|
|
|
| # ¿ May 12, 2024 03:58 |
|
|
https://www.gamespot.com/articles/over-100-gamestop-employees-laid-off-including-mem/1100-6469270/ GameSpot laid off 120 from its corporate staff. Which is about 14% of the total and a third of it's Game Informer editors.
|
|
#
¿
Aug 21, 2019 10:53
|
|