by MM_Dandy » Wed Jun 23, 2021 3:17 pm
The last commercial vestige of the great Sears, Roebuck, & Company is finally disappearing from South Dakota on July 3rd, when the Sears Hometown store in Spearfish will close its doors for the last time.
In the meantime, Eddie Lampert continues to torture both Zombie Sears and Dead Sears. Transformco (Zombie Sears) will be down to fewer than 50 total K-Mart and full-line Sears stores by this September. Sears Holdings (Dead Sears) remains trapped in perpetual Chapter 11 bankruptcy purgatory; tied up in litigation and owing millions to creditors (including Lampert) without any way to pay off any of its debt. From what I've been able to gather, there's no reason to believe that they'll be put out of their misery anytime soon.