Sears Files for Chapter 11 Bankruptcy

[JSOP]

“I invested so much of my time and money in the company because I believe Sears has a future,”...

It's hard for a company to have a future if you keep selling off its highest profit-potential assets but inject no additional funds to invest in new business venues for rebranding its core business.

 

[beerntrading]

I am very sad...It's like they wanted this to happen...I thought their rewards plan was genius "shop your way" rewards...Vehicle pick up was awesome. It's like the old guys just didn't hire the young guys early enough to remain competitive. Sears had some great ideas concerning reaching the customer with their rewards program. Amazon could learn from them.

ES

It's almost like the primary shareholder and largest creditor were the same entity...and drained the equity to creditors at shareholders' expense.

 

[Tom B]