“We’re not in their long-term plans”: Sears Kmart death spiral, May 2019

More sacrificial shenanigans involving Sears-Kmart, raping starving taxpayers to feed the greedy property developers.

WJLA: Is Lowe’s honoring Sears’ Craftsman Lifetime Warranty?

Bloomberg: Sears Retirees Fight Life Insurance Termination as Heirs get Zip

Transport Topics: Lampert’s newly created Transform Holdco sues bankrupt Sears for $130-million+!

Fortune: Lampert reneges on promise to provide severance to laid-off employees

Seven Decades of Self-Destruction

Roll Call: Leftist liberal politicians all up in the U.S. Treasury secretary’s business over Sears bankruptcy

Reuters: Kmart, and others, accused of copying UGG boot design

KBUL: Woman defrauds Kmart and Taxpayers of nearly $220,000, using SNAP

Law360: Sears Estate Looks To Avoid $194M Canadian Court Fight

Wall Street Journal:Sears Fights With Foreign Suppliers 

CNBC: Sears wanted its new logo to make people think of home and heart, instead some are thinking about Airbnb

Chicago Tribune: Lands’ End severing its links with Sears: “We’re not in their long-term plans, and they’re not in ours”

ALABAMA: The taxpayers of Albertville forced to buy the vacant Kmart building almost a year ago, and still no one knows what it’s going to become.

CALIFORNIA:  Once in a hundred years redevelopment opportunity of massive vacant Sears property in Santa Barbara being held-up by multiple property owners and the city council.

CONNECTICUT: police arrested two men in “Sears Scam”

FLORIDA: Sears warehouse in North Jacksonville now available for lease.  Sears Holdings sold it in 2018, but only recently vacated.

Taxpayers of Flagler County just spent $1.1-millionUSD buying a vacant Sears, and now they’re going to have to pay even more to clean up the damage found inside!

Judge rules in favor of Neptune Beach residents, who are opposed to plan for redevelopment of the vacant Kmart.  

Woman regrets buying ‘squirrel-y’ clothes dryer from Sears Hometown: “It sounds just like a hamster wheel and it is driving me mad!  How many times do I have to call for them to come fix my machine?”

A controversial redevelopment plan for a vacant Kmart (which taxpaying residents of Neptune Beach are against) has been approved. 

GEORGIA: Specific taxpayers in the city of Rome about to be hit with extra taxes (tax allocation district) to pay for the redevelopment of the vacant Kmart property.

ILLINOIS: Home Depot (and other big box stores) accused of conspiracy to avoid paying ‘retailers’ occupation tax’ on Sears Branded home appliances, by treating the direct sale and installation of Sears branded appliances as a contracted job!

IOWA: The Sears Hometown in Clinton is shutting down in June, because the owner is moving the retail operation to a different city.

KANSAS: The Lexena Sears Outlet is now a children’s play park. Back in February local news media were leaked shutdown info, but the Sears Outlet staff swore they knew nothing about any shutdown.

MASSACHUSETTS: Eddie Lampert spent at least $11-million USD buying  property which holds two active Kmarts, an active Sears Outlet, and a vacant Sears store and Auto Center.

NEW YORK: Even though Eddie Lampert claims he doesn’t have money to pay laid-off employees severance, it was revealed that Lampert’s newly created Transform Saleco (aka Transform Holdco) bought the ShoppingTown Mall Sears store for $3.9-million. 

All is not well in Wellsville, or in Allegany County, the economic situation is so bad that a coalition of christian organizations holding a prayer service in the recently shutdown Wellsville Kmart

Taxpayers in Suffolk County dodged a bullet when the owner of the vacant Kmart property rejected the county’s $1.8-million offer (reports claim taxpayers want to use the property as baseball parks).  Apparently county and state governments have been trying to buy the property since 2017.

OKLAHOMA: The Enid Sears Hometown store shutting down as soon as the inventory is gone.

The Enid store manager says it’s bullshit: “I’ve only been manager here for a couple months, and they’ve already laid me off…. …We’re a premier store. I actually won an award in April for sales, and then they told us they were closing. This store was doing great.”-Jeremiah Alcorn

PENNSYLVANIA: Sears Appliance & Hardware in Lower Nazareth Township shutting down in mid-June, local news media report that it is one of only 11 such stores remaining in the U.S.

TENNESSEE: Taxpayers could soon to be the happy new tenants of the vacated Oakdale Mall Sears, if a resolution is approved turning the former retail space into the new HQ for the Broome County Department of Social Services.

VIRGINIA: Washington County taxpayers could be forced to become the new owners of a vacant Kmart, spending at least $25-million to turn it into a new county court house.

The vacant Sears Tire America sold to the owners of Regency Square mall for $2.1-million, much more than the county’s assessed value of $1.8-million.

WASHINGTON: Surprise!  After months of claiming the store wasn’t shutting down, the Walla Walla Kmart is shutting down, in July.

WISCONSIN: Happy taxpayers being forced to ‘loan’ a property developer $4-million to turn a vacant Sears building into a ’boutique’ hotel. The $4-million “investment” is just part of a larger iceberg of covert-debt (loans appear as assets on the books, but you’re screwed if the debtor goes bankrupt) the exalted leaders of Milwaukee have hit local taxpayers with.

The partially taxpayer funded redevelopment of the vacant Stevens Point Kmart just got more expensive.

Sears Kmart death spiral, April 2019: ‘Spooked’