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re: Sears Rejects Lampert Bid, Cue Up the Fat Lady
Posted on 1/8/19 at 8:20 am to fallguy_1978
Posted on 1/8/19 at 8:20 am to fallguy_1978
quote:
I don't think JCPenney will be with us much longer either.
Disagree, they have sales, their former CEO just fricked them by trying to make them a discount store and their balance sheet isn't great. They may restructure by closing some stores or be sold, but I highly doubt they go out of business
2
Posted on 1/8/19 at 8:24 am to Mingo Was His NameO
I know they are losing money and their stock is like $1 now. Maybe Sears going under will help them some. They will be the low cost anchor in most malls now.
Posted on 1/8/19 at 8:25 am to Mingo Was His NameO
I think JC penny is likely to come out of the funk their old CEO put them in. they seem to have steady business still when I go in a mall. Sears has been empty just about anywhere Ive gone into one.
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