The Ames Fan Club

Current Retail => Department Stores => Topic started by: retailisking on February 21, 2020, 04:47:39 PM

Title: Sears gets a $100 million lifeline
Post by: retailisking on February 21, 2020, 04:47:39 PM
Kicking the can down the road just a little more
https://www.reuters.com/article/us-sears-financing-exclusive/exclusive-sears-snags-new-financial-lifeline-as-losses-continue-sources-idUSKBN20E2RC
Title: Re: Sears gets a $100 million lifeline
Post by: Brammy on February 21, 2020, 06:57:05 PM
Two old time sayings come to mind.

There is a sucker born every minute.

A fool and his money are soon parted.
Title: Re: Sears gets a $100 million lifeline
Post by: danfifepsu on February 21, 2020, 07:42:30 PM
Quote from: bjs203marc on February 21, 2020, 06:57:05 PM
Two old time sayings come to mind.

There is a sucker born every minute.

A fool and his money are soon parted.
why dont they just cut the cord already?
Title: Re: Sears gets a $100 million lifeline
Post by: retailisking on February 22, 2020, 07:02:33 AM
The outside funding is essentially covering the costs of the gradual liquidation of the company.
Title: Re: Sears gets a $100 million lifeline
Post by: danfifepsu on February 23, 2020, 05:52:12 PM
Quote from: retailisking on February 22, 2020, 07:02:33 AM
The outside funding is essentially covering the costs of the gradual liquidation of the company.


When will that be?
Title: Re: Sears gets a $100 million lifeline
Post by: deerwrecker2017 on February 24, 2020, 03:18:32 AM
Quote from: danfifepsu on February 23, 2020, 05:52:12 PM
Quote from: retailisking on February 22, 2020, 07:02:33 AM
The outside funding is essentially covering the costs of the gradual liquidation of the company.


When will that be?

From the looks of it the inevitable liquidation can happen anytime down the road. We'll never know when until the actual liquidation truly does happen.
Title: Re: Sears gets a $100 million lifeline
Post by: danfifepsu on February 24, 2020, 11:13:41 AM
Quote from: deerwrecker2017 on February 24, 2020, 03:18:32 AM
Quote from: danfifepsu on February 23, 2020, 05:52:12 PM
Quote from: retailisking on February 22, 2020, 07:02:33 AM
The outside funding is essentially covering the costs of the gradual liquidation of the company.


When will that be?

From the looks of it the inevitable liquidation can happen anytime down the road. We'll never know when until the actual liquidation truly does happen.

with how well the chain was whittled down it may as well be soon!