Sears Final Chapter?
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 15 October 2018
⏱️ 14 minutes
🧾️ Download transcript
Summary
Sears files for Chapter 11 bankruptcy protection. Is it the end of the road for the iconic retailer? Analysts Emily Flippen and Matt Argersinger talk about the past, present, and future of Sears and discuss some of the lessons for Amazon and other retailers.
Transcript
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| 0:18.0 | Bamboo H.com slash fool. |
| 0:21.0 | It's Monday October October 15th. |
| 0:24.0 | Welcome to Market Fulry. |
| 0:26.0 | I'm Matt Greer and joining me in studio we have Motley Full analyst Emily Flippin and Matt Arger Singer. |
| 0:32.0 | Welcome. Hey Mac. How we feeling? |
| 0:34.1 | Well, it's a Monday. It's a Monday. That's come on we need more |
| 0:37.4 | enthusiasm here. Come on bring it because we are going to be talking |
| 0:40.9 | some Sears. Are you ready to talk Sears? |
| 0:43.0 | I'm ready to talk Sears. |
| 0:44.3 | Okay, it's kind of, it's a sad chapter. |
| 0:46.8 | And it's, it's not a altogether surprising chapter, |
| 0:50.6 | but on Monday, Sears filing for Chapter 11 bankruptcy protection. |
| 0:55.0 | Now, what that means for now is that Sears will close 142 stores. |
| 1:00.0 | Company has around 700 stores. |
| 1:02.0 | Now, Matt, this is a last ditch effort to save the company. |
| 1:06.6 | We knew this was going to come probably not surprising but really could be the end of an era. |
| 1:13.4 | I think it is the end. |
| 1:14.5 | I mean, I know they're going to go through this chapter 11 process, |
| 1:18.1 | dead or possession, try to get through the holidays, |
... |
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