Jump to content

Recommended Posts


Posted

I bought some frozen ribs...

 

For some reason this makes me think of "It's All About Eve" and the chilly, "Many are cold, few are frozen."

I can't believe CV is slumming it with frozen ribs...

Posted

 

I bought some frozen ribs...

 

For some reason this makes me think of "It's All About Eve" and the chilly, "Many are cold, few are frozen."

I can't believe CV is slumming it with frozen ribs...

I don't really like ribs, so...

Posted

Sears at this point has got to be #1 when it comes to the slowest death of a company.

 

I wonder if they will hold out for one more Christmas season.

Posted

I can see it now - Amazon ends up buying the remains of Sears. Dumps all of the brick-and-mortar retail stores, takes Sears to its roots of catalog (though its online) sales, Eddie Lampert can redevelop the former stores real estate into something of value. A&E Signature Service handles the white glove delivery and installation of Kenmore appliances.

  • 2 months later...
  • 2 weeks later...
Posted

Sears Cutting Ties With Whirlpool

https://www.ibj.com/articles/65946-sears-stops-selling-whirlpool-ending-100-year-partnership

After a century-long history together, Sears Holdings Corp. will stop sales of Whirlpool Corp. products after the companies failed to agree on pricing terms. The retailer will no longer carry Whirlpool brands, including Maytag, KitchenAid and Jenn-Air, effective immediately, Sears said in an employee memo last week that was provided to Bloomberg on Tuesday. “Whirlpool has sought to use its dominant position in the marketplace to make demands that would have prohibited us from offering Whirlpool products to our members at a reasonable price,” Sears said in the memo. The department-store chain will continue to sell Whirlpool products only until all its current inventory is depleted. Whirlpool informed Sears in May of its decision to stop providing products, Whirlpool CEO Marc Bitzer said Tuesday on an earnings conference call.


Can anyone smell the BS in that article? Whirlpool doesn't want to get stuck with a filing cabinet full of unpaid invoices once Sears ends up in BK court.

Posted

Sears Cutting Ties With Whirlpool

 

https://www.ibj.com/articles/65946-sears-stops-selling-whirlpool-ending-100-year-partnership

 

 

After a century-long history together, Sears Holdings Corp. will stop sales of Whirlpool Corp. products after the companies failed to agree on pricing terms. The retailer will no longer carry Whirlpool brands, including Maytag, KitchenAid and Jenn-Air, effective immediately, Sears said in an employee memo last week that was provided to Bloomberg on Tuesday. “Whirlpool has sought to use its dominant position in the marketplace to make demands that would have prohibited us from offering Whirlpool products to our members at a reasonable price,” Sears said in the memo. The department-store chain will continue to sell Whirlpool products only until all its current inventory is depleted. Whirlpool informed Sears in May of its decision to stop providing products, Whirlpool CEO Marc Bitzer said Tuesday on an earnings conference call.

 

Can anyone smell the BS in that article? Whirlpool doesn't want to get stuck with a filing cabinet full of unpaid invoices once Sears ends up in BK court.

Yep, Whirlpool said pay in advance or don't get shipments.

  • 2 weeks later...
Posted

 

The time to buy their stock is now.... Nothing but a bright future for this company

What is in that oregano you're smoking?

It makes sense... They are getting rid of unprofitable stores, so they will instantly have profit.... Invest now!

Posted (edited)

Sears Selling Properties to Fulfill its Pension Obligations to PBGC

http://www.chicagotribune.com/business/ct-biz-sears-pension-deal-store-sales-1109-story.html

[sears] signed a deal that will allow it to sell up to 140 more properties to finance a $407 million contribution to the company’s pension plans. Hoffman Estates-based Sears said it struck the deal with the Pension Benefit Guaranty Corp., a federal agency that guarantees individuals’ pensions. If an insured pension plan shuts down without enough money to pay all benefits, the agency will cover those benefits, up to certain limits. Sears’ pension plans have about 100,000 beneficiaries.

Edited by IndyPoolPlayer

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

Guidelines