Sears and Kmart are pretty much dead – yes, there is a very high possibility that Sears or Kmart will cease to exist in just a few more years, and I for one am very happy about that.
Sears has been dying a slow and painful death for years, and has been selling off their most valuable assets, like the Craftsman brand, to try and fund their losses. Nothing Sears does at this point can save them, especially from themselves.
Sears Holdings reported a net loss of $866 million for the first half of this year and announced that Lampert’s hedge fund ESL Investments lent the company another $300 million.
There is no way that Sears can come back to be anything near what they were in the past, and will most likely just continue flushing money down the toilet, so they should probably just cut their losses and close up shop.
Kmart is pretty much in the same boat as Sears, as the once great chain of stores, which already went through bankruptcy in 2002, now struggles to make it through even one more year of operation.
Sears Holdings Corp.’s (SHLD) was even downgraded last month by Fitch Ratings and Moody’s Investors Service, due to horrible sales, and a very bleak future outlook for both Sears and Kmart.
Now the idiots at Sears Holdings really seem to be trying to accelerate the inevitable death of both Sears and Kmart by attacking the Trump family, which will create a powerful boycott of their companies by half of America.
Honestly, I will let out a deep and long belly laugh when either, or both, of these shitty companies close up shop forever!
Sears and Kmart have stopped selling products from the Trump Home line on their websites, Business Insider reports.
Items from Trump Home, which is part of the Trump Organization, were reportedly not available on both websites and did not appear in a search of either website as of Friday.
“As part of the company’s initiative to optimize its online product assortment, we constantly refine that assortment to focus on our most profitable items,” a Sears Holdings spokesperson told Business Insider. “Amid that streamlining effort, 31 Trump Home items were among the items removed online this week. Products from the line are still offered online via third-party Marketplace vendors.”
Sears sold 19 Trump Home items on their website and Kmart sold 13 Trump Home items on their website as of Tuesday, according to brand strategist Shannon Coulter, who started the #GrabYourWallet Trump boycott.
Coulter has been tracking which retailers do business with the Trump family on the Grab Your Wallet website since October.
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