Spreading the truth. Empowering the people.
by Michael Snyder Over 20 major retailers have filed for bankruptcy since the beginning of last year, and in 2018 we may break the all-time record for annual store closings that … Read more
SEARS now penny stock… In the latest indignity for a once-grand retailer, the share price fell below $1 on Friday for the first time in the company’s history, dropping as … Read more
by COMPUTER1313 www.chicagotribune.com/business/ct-biz-lampert-sears-debt-proposal-0925-story.html Lampert’s ESL Investments wants Hoffman Estates-based Sears Holdings Corp. to restructure more than $1 billion in debt and sell about $1.5 billion in real estate and about … Read more
What’s to blame for the problems at Sears? Amazon? Bad management? CEO and primary shareholder Eddie Lampert has another idea: It’s the company’s own retirees. Sears turned in another bleak quarterly … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Defying my dictum that nothing goes to hell in a straight line. The headline said that shares of Sears Holding jumped “more than 7%” in late … Read more
by Daisy Luther, The Organic Prepper The retail apocalypse continues as Sears closes another 46 stores. Last year, hundreds of stores closed, and this year, even more shops have been scheduled to shut … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Lowe’s finally seems to get the brick-and-mortar meltdown. Orchard Supply Hardware – whose mission was, according to its site, “to be America’s neighborhood hardware and garden store focused … Read more
Chicago’s last Sears to close for good Sunday Mike Lord remembers treating the Sears at Six Corners as a neighborhood hangout when he was a kid. When his parents pushed to turn … Read more
Malls Vacancies Hit Six-Year High as Online Shopping Takes a Toll Toll is felt across all types of brick-and-mortar outlets in the U.S. as iconic retail names close stores … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about the continuation of the incredibly epic retail apocalypse which has claimed countless massive businesses and seen bankruptcies across the … Read more
www.marketwatch.com/investing/stock/shld?mod=MW_story_quote Here’s the list of 63 stores Sears is closing in the ‘near future,’ and there are more coming Sears* 10001 N. Metro Parkway West Phoenix Arizona Sears 100 S. … Read more
by Michael Snyder When sales have declined for 26 quarters in a row, you have got to know that your days are numbered. Once upon a time, Sears was an unbeatable … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Why is Sears’ CEO still touting “progress,” even in SEC filings? Why not tell investors the truth, for once? Sears Holdings — the storied and once … Read more
By Michael Snyder More than 3,500 retail stores are going to close all across America over the next few months as the worst retail downturn in U.S. history gets even … Read more
By Michael Snyder It has only been two weeks since Christmas, and already we are witnessing a stunning bloodbath of store closings. Macy’s shocked the retail industry by announcing that … Read more