“improperly retained”: Sears Kmart death spiral, March 2019

For some reason Sears Hometown/Appliance & Hardware has disabled its store finder page.

Footwear News: Shoe maker blames Sears bankruptcy for 18% decline in shoe sales

Chicago Tribune: Lampert cancels retiree’s life insurance!

Sears bankruptcy lets Eddie Lampert save $2 billion on taxes

What’s ‘the real home’ of Craftsman tools? Lawsuit says it’s not Sears anymore

Law360: Judge Says He Can’t Decide $15M Sears Credit Card dispute…Yet

Wall Street Journal: Bankruptcy Judge Pushes New Sears to Resolve Dispute With Old Sears

New York Post: Court documents show Eddie Lampert’s ESL hedge fund “improperly retained” $57.5M from Sears

Bloomberg: Attorney Fees in Sears Bankruptcy Reaches $22 Million

Seeking Alpha: The Sale Of Sears To Lampert Ain’t Over Yet – Major Problems Have Developed

CALIFORNIA: The Jackson Sears Hometown store made the latest shutdown list.  In San Francisco, Sears Holdings Management laid off 44 people.

Owners of the now-shuttered Sears department store in La Cumbre Plaza have listed the iconic property for sale

FLORIDA: Eddie Lampert bought the closed Sears store in Regency Square Mall for $4.1 million

The New Smyrna Beach Sears Hometown quietly shutdown at the end of February.

INDIANA: Tax paying residents of Fort Wayne upset over rezoning plans for vacant Sears building, because it would affect property taxes for homes in the area

KENTUCKY: The Murray Sears Hometown store made the latest shutdown list.

LOUISIANA: The Homer Sears Hometown store made the latest shutdown list.  The West Monroe Sears Hometown store made the latest shutdown list.

Eddie Lampert bought the Sears store in the Mall of Louisiana, as part of the bankruptcy settlement, but now sales documents show the price for the Baton Rouge store listed as $10 and “other valuable consideration.”

MICHIGAN: The Adrian Sears Hometown store made the latest shutdown list.  The Charlevoix Sears Hometown store made the latest shutdown list.  The Cheboygan Sears Hometown store made the latest shutdown list.  The Petoskey Sears Hometown store made the latest shutdown list.  The Tawas City Sears Hometown store made the latest shutdown list.

NEW YORK: The Sears Hometown Store, in Fredonia,  secretly shutdown and cleared-out over the weekend (23-24 March), officially “due to electrical issue.”  However, local news media reported that the owner of the property (Lake Shore Savings Bank) was already inspecting it for possible sale, and, that over the Winter Sears Hometown corporate had advertised that it was looking for a new operator for the store.

NORTH CAROLINA: The Shallotte Sears Hometown made the latest shutdown list.  After four years the Sears Hometown in Shelby shutting down, apparently because corporate wasn’t happy with the sales. 

OREGON: The Baker City Sears Hometown made the latest shutdown list.

PENNSYLVANIA:  The Quakertown Sears Hometown made the latest shutdown list.  Without warning the Bradford Sears Appliance & Hardware store forced to shutdown, the ‘mushroom’ owner told local news media the shutdown order “was actually made by Sears Hometown and Outlet, and that’s the only thing we know.”

TEXAS: After swearing they weren’t shutting down (when Sears Holdings filed bankruptcy in October 2018) the Sears Home Appliance Showroom in Spring quietly shutdown at the end of February 2019Sears Appliance & Hardware store in Katy also shutdown.

U.S. VIRGIN ISLANDS: Kmart liquor sales are on hold due to a change in ownership.

WISCONSIN: The Park Falls Sears Hometown made the latest shutdown list.

Four years after a local Kmart shutdown city officials finally remove the location from taxpayer funded bus route

New Sears owner quietly acquires Wisconsin properties

SEARS KMART DEATH SPIRAL, JANUARY 2019: “NOBODY HAS SKIN IN THE GAME. IT’S ALL TAX MONEY.”