I don't think they will ever recover 100% remember the inventory is already encumbered by 3B in previous debt. This is like a second trust deed on the old stale inventory.
I say NSA too Juan and this was a power stunt from the FBI Director a reach where no law enforcement has reached before. It backfired on him and he is not in good graces with his boss. They knew all along the NSA could handle this quietly. Good for people making society think about government
Sears owns 425 stores. 125 are held hostage by the Pension Feds most of the remaining kmart rentals that cannot be subdivided or ghettos owned by Sears. There is your answer
Sales in comparable stores were down 4.5% in January . Additionally more stores were closed than last year, shorter hours less staff, less advertising and more poor customer reviews. Here more profit now going forward
there are huge liquidations of inventory going on per reports. 100 dollar winter coats to $5.99 etc. This will require a write down of the inventory as an asset per their retail inventory accounting disclosure, next period .This will further squeeze credit availability.
The REIT bough about all the good stores less a couple. The remainder are in much lower performing shopping malls or communities.
I did and they are beyond comprehension. The guy buying the refrigerator to ship to the Caribbean is my favorite. Shipped used , he bought new. Spent 700 dollars on phone calls with no resolution
They will have no land in the mid East as a state government when he leaves the Presidency. Pummeled to death as army. Steady Eddie, just like his leading the Ebola efforts to contain it. No drama Obama. How out of fashion. 10 persons got transferred out of Guantanamo yesterday. Bet they will all be dispersed by January 2017 too , leaving an empty prison ready to close. What a job, in spite of the imploding Republican party. Their racism of their behavior did them in. Racists don't look good under scrutiny. Their refusal to consider his Supreme Court nomination is this Congress' legacy. Accomplished nothing promised to their constituents.Betrayed their oath. Now the punishment coming.
My guess is 40 stores closed the last 60 days. People owned them long enough now to get out of Dodge and on with their lives elsewhere