BLOODBATH!

From today's press release (snarky comments in brackets are mine):

Sears Holdings Announces Steps To Enhance Liquidity, Stabilize Operating Performance Actions will facilitate strategic transformation [Brick-and-mortar retail is hard! We wanna go online-only!]
Jan 5, 2017  HOFFMAN ESTATES, Ill., Jan. 5, 2017 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) today announced a series of additional strategic actions to increase its financial flexibility and improve long-term operating performance. These actions will facilitate the transformation of Sears from a store-based, asset-intensive business model into a membership-focused, asset-light business model. As such, the Board of Directors has determined to:

   
• Close an additional 150 non-profitable stores, comprised of 108 Kmart and 42 Sears stores, to stem losses;
• Enter into an agreement to sell the Craftsman business for a cumulative $775 million, together with use of a perpetual license for the Craftsman brand, royalty free for 15 years, and a 15-year royalty stream on all third-party Craftsman sales to new customers;
• Generate up to $1 billion in liquidity through both a newly entered $500 million real estate backed loan, secured by real estate properties valued at over $800 million; and a previously announced standby letter of credit facility of up to $500 million from certain affiliates of ESL Investments, Inc., issued by Citibank, N.A., each subject to the terms thereof; [Our boss is loaning us money, so he'll be the first in line to profit when the company fails!]
• Market certain properties within the company's real estate portfolio to further unlock value and increase liquidity.

"We are taking strong, decisive actions today to stabilize the company and improve our financial flexibility in what remains a challenging retail environment," said Edward S. Lampert, Chairman & CEO of Sears Holdings. "We are committed to improving short-term operating performance in order to achieve our long-term transformation." [Going online only!]

"Going forward, Sears will be more focused on our Shop Your Way membership platform, a network with tens of millions of active members, and our Integrated Retail strategy in order to be a more nimble, innovative and relevant retailer that is better able to provide value and convenience to our customers. We are confident that concentrating on these key initiatives will lay the foundation for growth over the long-term," Mr. Lampert continued. [Fast Eddie's still touting Shop [Y]Our Way Rewards as the future of retail.]

Here's the list of stores closing:

http://searsholdings.com/docs/010417_store_closing_list.pdf

I've added the December issue (#4), "Yule Love It, Trust Me".

Quote from: Captain Jetpack on December 30, 2016, 06:31:46 PM
Sears just got a $200,000,000 injection of capital.

Probably from Fast Eddie. He keeps loaning the company money, so he'll be the first creditor to collect once he inevitably runs the company into the ground.

Quote from: Captain Jetpack on December 30, 2016, 06:31:46 PM
Can it save the business?

Hahahahahaha...no.

Front page of today's paper: the Kmart that I used to work at (in the mall) is finally closing (in April). The liquidation sale begins in January.

A little late this week, but I finally review the 1990 movie, "Archie: To Riverdale and Back Again".

Please note that this is a massively huge post, featuring over 600 screencaps plus other images, and I go into great detail, so you might wanna grab some snacks and drinks before you sit down to read it.

I didn't mention it yesterday, but a new review is up: "Bad Boy Trouble!", the first Dynamic New Look story from 2007.

Net loss of $748,000,000 for the third quarter of this year. More store closings coming. Fast Eddie's still touting Shop Your Way as the savior of the company.

This week, I'm reviewing a three-part Cheryl comic story from 1999 called "Friendly Fire".

Ominous article posted today. Apparently, Sears Holdings will announce its third-quarter results on Thursday morning before the market opens, and a lot of people are expecting the news to be really bad this time - especially amid some high-profile departures from the company in the middle of the holiday shopping season. They probably don't wanna be on the ship when it sinks, possibly early next year:

https://www.thestreet.com/story/13914558/1/expect-the-absolute-worst-from-sears-results.html

I've added the November issue (#3), "Living on the Cusp". Sorry it's a bit late.

I'm sorry that this is a bit late. This week, I'm reviewing the "Riverdale" fan movie trailer from 2011.

This week, I'm reviewing the second Archie segment of "Robot Chicken", "Are You the One? Archie Edition".

This week, I'm reviewing the first Archie segment of "Robot Chicken", "Archie's Final Destination".

This week, I'm reviewing "Bad News Boyfriend", the second "Riverdale High" novel from 1991.

This week, I'm reviewing a "Betty's Diary" story from 1988, "In Search of Change".

Also, I reorganized the Reviews page. They're now listed three different ways: by review publication date, by category (radio, a certain TV series, or comics), and by story publication order.