Sears Lists 79 Stores To Be Closed...

Discussion in 'Politics' started by paulitician, Dec 30, 2011.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    Will this Administration still try and claim Unemployment is down? Stay tuned.


    Sears Holdings Corp on Thursday identified 79 of the 100 to 120 Sears and Kmart stores it said earlier this week it would close, with the list split almost evenly between the two chains.

    The struggling retailer on Tuesday reported weak holiday sales and forecast earnings for the current quarter would fall by more than half compared to the year earlier results. It also said it tapped its credit line.

    Fitch Ratings on Thursday afternoon downgraded Sears to 'CCC' from 'B', citing a "continued deterioration" in earnings before interest, tax, depreciation and amortization, which it said could turn negative next year.


    The list does not include any stores in Illinois, where (D) Governor Pat Quinn two weeks ago signed into law tax breaks aimed at keeping Sears and other Illinois-based companies from leaving the state.

    Sears lists 79 closings, gets Fitch downgrade | Reuters
    Sears | List | Stores Closing | The Daily Caller
     
    Last edited: Dec 30, 2011
  2. PredFan
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    PredFan Gold Member

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    But but but...the recovery is upon us!
     
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  3. Full-Auto
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    Illinois and corporate welfare.:badgrin:
     
  4. Warrior102
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    Warrior102 Gold Member

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    It's all Bush's fault.
     
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  5. paulitician
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    paulitician Platinum Member Supporting Member

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    Maybe he should reconsider those Pipeline jobs after all?
     
  6. paulitician
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    paulitician Platinum Member Supporting Member

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    What else are they gonna say? The Election is only a year away.
     
  7. LoneLaugher
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    LoneLaugher Diamond Member

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    Hope you didn't trip over anything in your rush to post the bad news. You guys are assholes.
     
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  8. code1211
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    code1211 Senior Member

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    Huh?!!??
     
  9. JoeB131
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    JoeB131 Diamond Member

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    Never happy to hear anything like this... but the fact remains that the economy STILL sucks after three years of your guy.

    There's a strip mall I pass on the way to work every day. In 2008, it had a Blockbuster, a Conveience Store, a Dry Cleaner, Two small resturants, an eye doctor, a real estate office, a nail salon and a hair salon.

    Today, only one of the resturants is still open. The blockbuster is closing its doors. The Eye doctor is still there, as is the hair salon, but that's it.

    don't blame the messenger...
     
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  10. paulitician
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    paulitician Platinum Member Supporting Member

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    Well they certainly can't say the economy isn't doing better. No one willingly gives up power. Admitting the truth would mean an Election loss next year. And obviously they know that. The only ones who are now doing better are the Wall Street Elite. Most others are still suffering. It is what it is.
     

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