Sears suppliers getting concerned

[kd12]

New Lifeline

Sears just picked up $200 million in credit, and could get more.

Sears lines up $200 million to help stay afloat with help from CEO Lampert

Sears Holdings Corp., the struggling retailer backed by hedge fund manager Eddie Lampert, rose the most in almost two months after lining up a $200 million letter of credit to help fund its money-l…

www.chicagotribune.com

 

[washman]

Robbing peter to pay Paul

Earlier this month, Sears reported another huge quarterly deficit -- $748 million -- bringing its total losses to $9.35 billion in the past eight years. The company needs to raise about $1.5 billion to make it through 2017 comfortably, according to Christina Boni, an analyst at Moody's Investors Service.

 

Eddie is doing a bang up job ain't he?

 

[johnb300m]

Nice! So now Lampert can collect on all the interest from those loans.
What a smart guy.

There is literally no reason for me to set foot in a Sears today.
The closest thing to how great Sesrs was when I was a kid (we're talking the mid 90s)
is Ace hardware.
Sans the appliances.
I MAY check out a Penneys still. Maybe.
And they HAVE appliances now!

But the last time I was in a Sears a few years ago, they denied the replacement of a broken craftsman tool I had because they said it was not lifetime guarantee! I thought that was the whole point of craftsman tools. And while i was there browsing, I noticed that their selection on lots of things was less than half of what I remember it being. And most of it was junk anyway. Messy. Disarray.
Surly employees.
Really no point ever going back.

Lampert can shove Sears up his hooha and take it with him on his next vacation in Galt's Gulch.

 

[DADoES]

 
Was at a Sears in Mesquite TX on 12/10.  Seemed to be plenty merchandise and customers but check-out was a slow, probably temp/seasonal workers.

 

[jamiel]

That store in Tulsa is kind of cool--it's a stand-alone store in their midtown area
from about 1949 so it's got the swoopy SEARS on it---

http://min

 

[tolivac]

Sears Craftsman-seems like they are getting stiff competition from Lowes "kobalt"-don't know what the store brand for HD is-and other toolmakers.

 

[johnb300m]

Home Depot's brands are Husky and Rigid.
They're very good for what they are.
Mostly Chinese but some US made stuff.
Rigid is a partnership with Emerson, which I really like.
Very durable and well performing stuff. Great motors.
Even if they're foreign sources, much of the stuff is to Emerson standards.

 

[joeypete]

Tools

I'm gonna go to Home Depot now and tell someone I need a Husky and/or Rigid tool...and see their reaction. LMAO.