Sear’s Bankruptcy, Who Gets the Real Estate, and How the Pension Fund Got Hung Out to Dry Invade Mnuchin’s Senate Confirmation Hearing by Wolf Richter • Jan 20, 2017 • 94 Comments “You were a Director at Sears for 12 years where you had oversight over the administration and investment in the pension fund.”
Another Retailer Goes Bankrupt, Shutters Stores, While Tiffany Blames Trump Tower for US Holiday Sales Debacle by Wolf Richter • Jan 17, 2017 • 56 Comments And American Apparel shuts down.
Is the 2nd Half of 2017 when Sears Finally Kicks the Bucket? by Wolf Richter • Dec 29, 2016 • 67 Comments This announcement gives some clues that after years of disappointment, Sears doom-and-gloomers might finally approach the end of their long wait.
Profits Plunge, Sales Drop at Macy’s. Slashes Jobs, Closes Stores. Stock Jumps 18% by Wolf Richter • Aug 11, 2016 • 63 Comments Brick-and-mortar retail sinks artfully into coma.
Another Retailer Leveraged Buyout Bites the Dust by Wolf Richter • Jul 28, 2016 • 27 Comments PE Firm Apollo Schemes to Get Unstuck as Claire’s Stores Goes over the Cliff.
Mall Owners Begin to Feel the Pain of Brick & Mortar Retailers by Wolf Richter • May 17, 2016 • 89 Comments Previously “pent-up” real-estate demand to “fizzle.”
This is Why No One Should Bail Out the “Smart Money” Stuck in Brick-and-Mortar Retailers: Let them Shed their Own Tears by Wolf Richter • May 3, 2016 • 74 Comments Another bankruptcy. Toxic Safeway-Albertsons combo waiting in the wings.
Retailer Bankruptcies Are Hailing Down on the US Economy by Wolf Richter • Apr 21, 2016 • 102 Comments There’s no respite in sight.
Another Private-Equity LBO Queen Bites the Dust by Wolf Richter • Mar 3, 2016 • 45 Comments When a PE firm is through strip-mining a company.
‘Footprint Rationalization’: Sears adds to Woes of Canada’s Malls by Wolf Richter • Jan 26, 2016 • 36 Comments The industry spirals into turmoil.
