Greed and scheming dominated the five deals: SHO, the spinoffs of Orchard, Sears Canada, Lands’ End, and the putrid Seritage deal.
Liquidate, close all stores, lay off 12,000 people. Brick & mortar meltdown.
Goes Bankrupt. Lays Off 2,900 People. Shareholders rue the day.
Same top firm that represents Target Canada in its insolvency proceedings.
The industry spirals into turmoil.