Nov 7, 2019

Sears


     Starting in December, Sears will close another 96 stores, leaving the retailer with 182 locations. That is down from the 425 stores Eddie Lampert acquired when he rescued Sears from bankruptcy proceedings in a $5.2 billion deal earlier this year.

     The only Sears store that was still operating in Alabama was in the Riverchase Galleria. It is being closed. Montgomery's store closed in 2016.

      Despite that, Lambert and the other Sears owners have won a $250-Million loan today.

     That's why I'm not in banking. I would never advance a chain with that situation a quarter of a billion dollars (though Lampert is a billionaire, so maybe he knows something about money that I clearly do not!)

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