scottyrocks
I'll Lock Up
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- Isle of Langerhan, NY
Sears has filed for bankruptcy this morning in New York rather than making its missed payments.
They're already gone up here in Canada!
There are two new threads (pun intended) about this in general attire and accoutrements!
Sadly enough, you are most likely correct.Whoever buys the rights to the name at the bankruptcy auction will be online with an ultra-cheesey E-commerce-only operation, just in time for Christmas.
I'm quite sure that's been secretly in the works for months, if not years. Someone with the right business plan could make Sears a viable entity again, but I'm guessing their best case scenario will be joining the ranks of low-end junk peddlers like Target and Walmart.Whoever buys the rights to the name at the bankruptcy auction will be online with an ultra-cheesey E-commerce-only operation, just in time for Christmas.
I just noticed this image in the "thread gallery" link in the right margin. If my hairline recedes much farther I might have to use it for my avatar photo.
It’s a Chapter 11 filing, ain’t it? So they hope to renegotiate terms with their creditors without having to liquidate assets, right?
Surely we got a bankruptcy shyster or two among our ranks who can straighten me out on this if I’m mistaken.