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Sears prepares for bankruptcy (update: files for Chapter 11)


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#1 Brad  OFFLINE  

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Posted Oct 10, 2018 - 5:10 am

https://www.cnbc.com...bankruptcy.html



#2 magickallight  OFFLINE  

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Posted Oct 10, 2018 - 5:24 am

Well ... I think we all saw it coming. :(



#3 riven3d  OFFLINE  

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Posted Oct 10, 2018 - 5:58 am

long time coming, no big surprise there



#4 Brad  OFFLINE  

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Posted Oct 10, 2018 - 6:05 am

The timing of this (if it happens) means that we'll still end up posting a Sears BF ad because it was likely finalized weeks ago but the stores likely won't honor the sale as they'll be doing liquidation sales most likely.



#5 Bopeep  OFFLINE  

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Posted Oct 10, 2018 - 11:13 am

Our last Sears just closed its doors (or, if not, they are in the last few days).  I went in when everything was marked way down already, and checked out with over $50 total.  The cashier handed me my receipt, and then handed me a gift card and said "Here! You earned a $10 gift card!" with a big smile on her face.  I laughed, and said a $10 gift card to a store that's closing???  



#6 stewarta4  OFFLINE  

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Posted Oct 10, 2018 - 2:46 pm

Not surprising...glad I was able to get a good deal on new Kenmore appliances from them earlier in the year. 


` :holiday07  :holiday04  :holiday07


#7 Kanyon71  OFFLINE  

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Posted Oct 10, 2018 - 6:08 pm

Surprised it hasn't happened sooner.



#8 Brad  OFFLINE  

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Posted Oct 15, 2018 - 3:37 am

http://searsholdings...eleases/pr/2116

So they found enough $ to be able to file for chapter 11 instead of chapter 7. So stores and the web sites stay open for now although they are going to close even more stores by the end of the year.

Just postponing the inevitable in my opinion...

#9 Kanyon71  OFFLINE  

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Posted Oct 15, 2018 - 5:40 am

Wish someone with some business sense would buy them and bring them back. They need updating and the current company is not the one to do it.



#10 mcwalker  OFFLINE  

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Posted Oct 15, 2018 - 8:15 am

The following article has a list of the Kmart and Sears stores that are slated to close taken from the filing documents: https://www.usatoday...res/1645971002/



#11 budgetsRsexy  OFFLINE  

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Posted Nov 9, 2018 - 5:51 am

I just heard on the radio that Lowe’s is the new home of craftsman tools. My grandpa always loved giving me craftsman tools over the years so I’m glad that they will stick around at least.

#12 Kanyon71  OFFLINE  

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Posted Nov 9, 2018 - 7:44 am

I just heard on the radio that Lowe’s is the new home of craftsman tools. My grandpa always loved giving me craftsman tools over the years so I’m glad that they will stick around at least.

Sears sold Craftsman to Stanley Black and Decker for like $900M in 2017, so they are pretty safe. I have seen a lot of Craftsman in ACE Hardware since then also.



#13 riven3d  OFFLINE  

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Posted Nov 10, 2018 - 4:14 am

40 more stores set to close

 

Sears

 

 

 

Alaska

Sears: Airport Way, Fairbanks

Arizona

Sears: 4604 E. Cactus Road, Phoenix

California

Sears: La Cumbre Plz., Santa Barbara
Kmart: 26471 Ynez Road, Temecula

Connecticut

Sears: 470 Lewis Ave., Meriden

Florida

Sears: 801 N. Congress Ave., Boynton Beach
Sears: 3342 N.W. Federal Hwy. U.S. 1, Jensen Beach

Idaho

Sears: 2300 E. 17th St., Idaho Falls

Illinois

Kmart: 3443 W. Addison, Chicago
Kmart: 3250 Clear Lake Road, Springfield

Indiana

Sears: Marquette Mall, Michigan City

Maine

Kmart: 18 Elm Plaza, Waterville

Maryland

Sears: 7103 Democracy Blvd., Bethesda

Michigan

Sears: 5575 B Drive N., Battle Creek

Mississippi

Sears: 1740 Bonita Lakes Circle, Meridian
Sears: 1001 Barnes Crossing Road, Tupelo

North Carolina

Sears: 3320 Silas Creek Pkwy., Winston-Salem

Nebraska

Sears: 3404 W. 13th St., Grand Island

Nevada

Sears: 4355 Grand Canyon Dr., Las Vegas

New York

Sears: 3065 Route 50, Saratoga Springs
Sears: 21182 Salmon Run Mall, Watertown Kmart: 805 New York Ave., Huntington

Ohio

Sears: 987 E. Ash St., Piqua

Pennsylvania

Sears: 1665 State Hill Road, Reading / Wyomissing
Sears: 344 Stroud Mall, Stroudsburg Kmart: 7101 Roosevelt Blvd., Philadelphia Kmart: 1901 Lincoln Hwy., North Versailles

Puerto Rico

Kmart: Castro Perez Ave. (Pr 122), San German
Kmart: 100 Ave. San Patricio, Guaynabo / San Juan Kmart: Betamces 400, Las Catalinas Mall, Cuagas

South Carolina

Sears: 2197 Dave Lyle Blvd., Rock Hill

Tennessee

Sears: Southland Mall, Memphis
Sears: 401 Northgate Mall, Chattanooga Sears: 198 Foothills Mall, Maryville Sears: 1720 Old Fort Pkwy., Murfreesboro

Texas

Sears: 750 Sunland Park Dr., El Paso
Sears: Longview Texas Mall, Longview

Virginia

Sears: 10101 Brook Road, Glen Allen / Richmond

Washington

Sears: 2500 Milton Ave., Janesville

Wisconsin

Kmart: 6077 S. Packard Ave., Cudahy

 

 

Kmart

 

 

 

  • Kmart, 26471 Ynez Road, Temecula, CA
  • Kmart, 3443 W Addison, Chicago, IL
  • Kmart, 3250 Clear Lake Road, Springfield, IL
  • Kmart, 18 Elm Plaza, Waterville, ME
  • Kmart, 805 New York Ave, Huntington, NY
  • Kmart, 7101 Roosevelt Blvd, Philadelphia, PA
  • Kmart, 1901 Lincoln Hwy, North Versailles, PA
  • Kmart, Castro Perez Ave (Pr 122), San German, Puerto Rico
  • Kmart, 100 Ave., San Patricio Guaynabo/San Juan, Puerto Rico
  • Kmart, Betamces 400, Las Catalinas Mall, Caguas, Puerto Rico
  • Kmart, 6077 S Packard Avenue, Cudahy, WI

 

 

will be gone by Feb 2019

 

 

so if these stores are near you, don't expect them to have a BF sale



#14 Kanyon71  OFFLINE  

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Posted Today, 8:40 am

So the 3 stores left are actually having a bf sale?



#15 jamieva  OFFLINE  

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Posted Today, 11:27 am

The one closing in Richmond, VA is in a dying mall anyways






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