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Sears: Open For Business

TedTed
in Fund Discussions
FYI: Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.
Regards,
Ted
https://www.reuters.com/article/us-sears-bankruptcy-lampert/sears-chairman-prevails-in-bankruptcy-auction-for-retailer-with-5-2-billion-bid-sources-idUSKCN1PA0SW

WSJ Article:
https://www.wsj.com/articles/sears-to-stay-open-after-edward-lampert-prevails-in-bankruptcy-auction-11547636823?mod=hp_lead_pos1

Comments

  • ronorono
    Howdy,

    As an aside, I just ordered a part for my dishwasher and it worked just fine.

    and so it goes,

    peace,

    rono
  • Derf
    @rono: How old was the dishwasher & make ??
    Derf
  • MarkMark
    @Derf - I've been using an electric Kenmore clothes dryer since 1976. Two years ago I had to replace the belt which spins the drum.

    I also have a 24-yr old Kenmore washer still going strong.
  • hank
    edited January 2019
    Have a Kenmore washer, dryer & canister vacuum cleaner all 20+ years old and still running fine. The name has always been highly respected. That’s a bit odd - since Sears was known to brand devices made by assorted manufacturers with the prized Kennmore label.

    Let’s not get carried away here. Bought a Craftsman power lawn mower a few years ago and it was a piece of trash. Took it back for a refund.
  • BenWPBenWP
    It's not always possible to find out who manufactures for Sears although Consumer Reports sometimes provides the information. Panasonic makes Kenmore cannister vacs and Whirlpool provides many of the appliances. FWIIW, Panasonic, of which we own two TVs and 3 vacs, has abandoned the US consumer market.
  • MarkMark
    I guess the reopening is a bit of good news. It'll give everyone affected by the government shutdown a place to wander around aimlessly doing nothing with the paychecks they don't have and won't be getting.
  • msf
    BenWP said:

    FWIIW, Panasonic, of which we own two TVs and 3 vacs, has abandoned the US consumer market.

    Sept. 03, 2014
    "Panasonic Corporation today announced that it will launch its audio products under the Technics brand name again, reviving its brand long synonymous with high-quality hi-fi sound to deliver richer, emotionally-engaging sound and musical experiences. ...

    "Through the new Technics, Panasonic will bring to discerning music and audio fans around the world a whole new level of wonder and inspiration by delivering authentic sounds, true to the artists' original intention. "
    https://news.panasonic.com/global/topics/2014/28722.html

    Panasonic puts new spin on legendary turntable, shows off headphones at CES 2019
    https://www.digitaltrends.com/home-theater/panasonic-turntables-headphones-ces-2019/

    No vacuum cleaners, that's for sure.
  • BenWPBenWP
    Thanks, @msf, I need some wonder and inspiration for my failing hearing. Technics had a good reputation in the "hi-fi" days.
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