Is Dying Sears Trying to Hide Store Closings?

It looks as if Sears’ days are numbered and no amount of public relations tricks can hide the fact. Nobody except Mr. Lampert seems to be fooled by the tactic of refusing to release closing lists.

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Sears Gets Stranger Again

Such property could become even more valuable as retailers such as Whole Foods, Sprouts, Kroger and Walmart expand their operations in core cities where Sears and Kmart have many choice locations. Former Sears stores could be perfect locations for high-end markets like Sprouts, Whole Foods and Kroger’s high-end subsidiaries such as Mariano’s and Harris Teeter.

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What Is Next for Sears?

We will see another round of store closings, particularly in the Midwest, where a significant decline in middle-class income is causing the customer base for department stores like Sears to shrink.

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Lawsuit Alleges Latest Lampert Deal Would Make Sears Insolvent

The Robbins Arroyo prediction of insolvency because of the real estate deals sounds a little too optimistic when you take a look at these figures. If the revenue losses continue, Sears is headed for insolvency with or without the Seritage and other deals.

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The Strange World of Eddie Lampert

The transformation, like the Lands’ End (NASDAQ: LE) and Sears Hometown & Outlet (NASDAQ: SHOS) spinoffs, is actually the looting of Sears. Like a dictator who has destroyed his nation’s economy, Lampert is now selling its resources off to the highest bidder. Then he pockets the proceeds and flies away in his private jet.

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