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Mister Facetious posted:Come onnn Gamestop! I feel lucky! You think they'll file before J.C. Penney, given their recent interest payment skipping (currently in 30 day grace period before they're in default)? 
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Apr 19, 2020 22:07
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| # ¿ May 13, 2024 17:45 |
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Aren't all of the big console and game companies basically trying to cut out GameStop as being the middleman?
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Apr 19, 2020 22:46
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Doesn't GameStop basically break even or make a thin profit on new game sales and their entire profit model is on the buyback to resale spread for used games?
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Apr 21, 2020 23:56
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TyroneGoldstein posted:Private equity ruins everything. Elliot Management wants to get that sweet, sweet real estate that some B&N stores (mainly the Union Square flagship) sit on.
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Apr 29, 2020 14:08
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Doom Rooster posted:You can’t let little things like bankruptcy and horrible mismanagement get in the way of execs getting massive “performance-based” bonuses. How can stripping the copper wiring by management be a preference payment...?
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May 16, 2020 14:35
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Apparently a pretty big Canadian retailer, Reitmans, filed for bankuptcy a few days ago.
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May 21, 2020 12:19
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Missing Donut posted:I am defending that individuals are being paid based on what they agreed to be paid in exchange for the work they did. I am also defending that, all else equal, that a person being hired to do job X at company Y would be paid more than similar job X at company Z if the work at company Y would be more difficult and it is well-known that the job at company Y is more likely to be shorter in duration. The immediate issue was asset stripping by executives paying themselves exorbitant bonuses a day or two before filing Chapter 11, knowing that those payments are never going to be clawed back by the US Bankruptcy Court as an illegal preference payment while stiffing the poo poo of the minimum wage goons by flushing all but $12,850 of back wages due but unpaid out. Please explain how this is not clearly the equivalent of stripping copper wiring and a "gently caress You, Got Mine" move.
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May 22, 2020 18:07
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Missing Donut posted:These pre-bankruptcy bonuses are pretty standard, and these bonuses have strings attached to keep the executives at the company, where it would be extremely difficult to find someone willing to take on that position. Alternatively, it's fraudulent conveyance.
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May 22, 2020 18:24
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Mister Facetious posted:So, does that mean there's about to be a poo poo ton of used fleet vehicles hitting the secondhand market? Yes - Hertz, Enterprise and Avis are all in the process of offloading cars they own into the market given the crash in car rentals (since most of them occur near/at airports, which also have crashed in activity).
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May 25, 2020 01:21
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FCKGW posted:My local abandoned Circuit City that turns into a Spirit Halloween every October has suddenly turned into a store that exclusively sells nothing but medical face masks. ETA until they get invaded/arrested for cornering the market/violating the Defense Production Act?
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Jun 5, 2020 23:22
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Sundae posted:- Tailored Brands (K&G, Jos A Banks, Men's Wearhouse, etc) cuts ~20% They also skipped an interest payment and the 30 day grace period expires on Friday (7/31), so it's likely they're filing for bankruptcy by next Friday or weekend (that's what JCPenney and others have done as it buys them time to negotiate a pre-packaged bankruptcy since the 30 day grace period is a shot across the bow to the creditors). J. Jill is also about to file (the creditors keep extending the forbearance on the default, which currently is through Thursday (7/30)), and there's some others (like Stein Mart) that have pretty much admitted in their financials that they're imminently going to have substantial doubt of being a going concern. Horseshoe theory fucked around with this message at 23:02 on Jul 25, 2020 |
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Jul 25, 2020 23:00
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| # ¿ May 13, 2024 17:45 |
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overmind2000 posted:Kmart only has thirty-six stores left but they might last through Christmas Pretty certain those are all Seritage-owned stores so 'Fast' Eddie Lampert is trying to strip the copper wiring (last few dollars) before he's got to shutter them for good.
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Sep 12, 2020 04:14
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