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Sears filing for bankruptcy
Many media reports saying that Sears is reportedly preparing for bankruptcy filing as soon as this week
Use all available points asap before they are revoked
Though expected, Sad to see an once iconic store collapse like this.
https://www.sears.com/
Use all available points asap before they are revoked
Though expected, Sad to see an once iconic store collapse like this.
https://www.sears.com/
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Last Edited by matrixman
October 15, 2018
at
08:04 PM
UPDATE 10-15-18- Answers many questions. http://restructuring.s
Wall Street Journal: Sears Hires Advisers to Prepare Bankruptcy Filing
https://www.wsj.com/articles/sear...15391361
NBC News article
https://www.nbcnews.com/business/...rt-n918446
Banks are pressuring for Chapter 7 (close the doors, turn off the lights, the party is over)
https://seekingalpha.co
Sears has stopped paying vendors
https://seekingalpha.co
Sears bankruptcy could cause one of the biggest pension defaults ever, and retires will lose life insurance
http://www.chicagotrib
Wall Street Journal: Sears Hires Advisers to Prepare Bankruptcy Filing
https://www.wsj.com/articles/sear...15391361
NBC News article
https://www.nbcnews.com/business/...rt-n918446
Banks are pressuring for Chapter 7 (close the doors, turn off the lights, the party is over)
https://seekingalpha.co
Sears has stopped paying vendors
https://seekingalpha.co
Sears bankruptcy could cause one of the biggest pension defaults ever, and retires will lose life insurance
http://www.chicagotrib
493 Comments
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Use all available points asap before they are revoked
Though expected, Sad to see an once iconic store collapse like this.
Sign up for a Slickdeals account to remove this ad.
It is a huge problem to the cities that bought in to the hype and built the malls. Look out cities who built stadiums.. My hunch is that is the next big liability the public sector is going to have to eat..
I found this:
https://www.shopyourway
The SYWR was a lousy program . It caused more confusion and mistrust than it was worth in atracting shoppers.. I litteraly refused to shop after the rewards became a issue of who to blame when they did not post.. It was part of the problem..
meanwhile Craftsman C3 stuff is seeing soaring resale values on eBay as people are in desperate need of accessories and replacement parts, and have no where to turn to.
after a nice long run with Craftsman C3, i think it's my time to bug out from the line and move to Ryobi. i'm going to make out like a bandit, stuff on ebay is going for 3-5x what i paid. i still have new stuff and it's insane what some of the new stuff is going for. new craftsman hand vacs are going for $70+ and i paid $9.99 for mine. still NIB.
I found this:
https://www.shopyourway
If' it's a liquidation, then it's anyone's guess. I imagine they would have to give some sort of compensation. Maybe reward the points early so they can be used in liquidation sales or something. Although prices would rise significantly in a liquidation sale, so Sears might get the last laugh there. Alternatively, maybe they award pennies on the dollar as a creditor.