Bluelight News Flash: Is Bankruptcy Near?

http://finance.yahoo.com/news/kmart-workers-believe-stores-going-162400821.html

While I know that it has been said that Sears Holdings could go bankrupt almost at any point, the thing that stands out to me here is that employees are giving the impression that they are expecting a bankruptcy possibly next year. I have also heard from other places that fall of 2017 could be where the stores ultimately 'fall'.

While it is hard to say, please KNOW that these are RUMORS AND SPECULATION. I would also like to express my thoughts on some of the issues with stores mentioned in linked article.

Phases of Store Liquidation
It doesn't surprise me to hear about employees' hours and such being cut. This is unfortunate to hear as everyone should get fair pay, but when you are a struggling company, something has to be done to save money. Taking it out on employees won't help though!

Having actually witnessed one of the mentioned merchandise purge, I can say that this strategy for moving product isn't as bad as the article says. The thing not mentioned here is that this is now also how Kmart stocks their shelves! From what I saw, a group of employees (possibly the majority of them) gather to stock a particular department. Sears Holdings commented saying that this helps with inventory management and that does make sense as you would be able to see all the product unboxed in the area of the store where it is supposed to be.

Those employees in the article saying that stores close after a few months may be true in some cases, but leases expiring or lack of profits are likely the better reason! This may just be one method to move product and sell as much as they can before everything is discounted for a closing sale. My local store, where I witnessed this new method a few months ago, is not closing. Sometimes I wonder if some employees like to give bad press or even just attention.... 

Structural Issues
There's no denying this. Almost any store has issues with a leaky roof from time to time, but not to the extent that Kmart does. ALTHOUGH NOT ALL STORES HAVE ISSUES, enough of them do to give the impression that all stores have them. Can you please fix this, Sears Holdings?

While I personally would like to see at least the Kmart name stick around, at the rate Sears Holdings is going we may very well see a bankruptcy in the near future. My goal is to capture every Kmart within the Twin Tiers coverage area and just about any other store I can.