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Sears CEO Steps Down, But That’s Only the Beginning of the Bad News

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Sears Holdings Corporation has apparently filed for Chapter 11 bankruptcy on Monday, announcing that CEO Ed Lambert would be resigning from his post in order to aid the restructuring process.

This is pretty sad news as Sears is practically an American institution. There’s little doubt that the changing tide of commerce from brick-and-mortar stores to online shopping has had a huge role in the company’s decline, however, it seems a large part of the blame rests on the retailer itself.

The company issued a statement confirming that it has filed voluntary petitions for bankruptcy relief in an effort to “continue streamlining its operating model and grow profitability for the long term.”

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CEO Ed Lambert has also resigned his post to allow a team of executives to take over day-to-day operations, and restructuring expert Mohsin Meghji will lead the firm’s transition into Chapter 11.

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Lambert will still remain chairman of the board, as the company’s largest investor and creditor, but a new independent director, William Transier, has been appointed due to his expertise in overseeing complex capital reorganizations.

While the company said its Sears and Kmart stores will continue to operate as usual, another 142 unprofitable locations will be shuttered by the end of 2018.

Analysts have been speculating for quite some time that the Sears company was not doing very well, and for good reason. Over the last decade, the firm has shutdown hundreds of stores and is more than $5.6 billion in debt. Its stock price has fallen so low they’ve had to sell off several major brands just to keep things afloat.

While it seems Lambert has an optimistic view of the restructuring process, many other experts are not feeling so upbeat. Neil Saunders, a man who doesn’t hold back the nitty gritty reality of a given situation, stated that “the problem in Sears’ case is that it is a poor retailer. Put bluntly, it has failed on every facet of retailing from assortment to service to merchandise to basic shop-keeping standards.”

“That failure has manifested itself in lost customers, lost market share, and a brand that has become tarnished and increasingly irrelevant,” Saunders finished.

Here’s to hoping that Sears will take such criticism seriously, learn from their mistakes, and manage to turn the ship around before it’s too late.

Source: TheBlaze

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Report: Google Not Telling Patients or Doctors They’re Collecting Info On Millions of People

Uh oh…

John Salvatore

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Google already has a far-left bent. Go ahead, search for anything Trump-related and there’s a nine out of 10 chance you’ll see stories from three liberal outlets pop up first. Now, this…from Daily Wire: Tech giant Google is reportedly engaged in collecting the personal health information of tens of millions of Americans across 21 states — a project dubbed “Project Nightingale” — and has not notified patients or doctors about what they are doing. “Google began Project Nightingale in secret last year with St. Louis-based Ascension, a Catholic chain of 2,600 hospitals, doctors’ offices and other facilities, with the data sharing accelerating since summer,” according to internal documents obtained exclusively by The Wall Street Journal. “The data involved in the initiative encompasses lab results, doctor diagnoses and hospitalization records, among other categories, and amounts to a complete health history, including patient names and dates of birth.” At least 2.6 million votes went for Hillary Clinton that probably otherwise wouldn’t have. At least. That number might jump to over 10 million. The funniest part is that Donald Trump still won. WATCH: https://twitter.com/BreitbartNews/status/1151614617556328448?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1151614617556328448&ref_url=https%3A%2F%2Fwww.weaselzippers.us%2F426323-ted-cruz-calls-out-how-google-swung-millions-of-votes-toward-hillary-clinton-in-2016%2F Conservatives may want to begin boycotting Google if they haven’t already. Appearing on Nexus with Matthew Moore, social media star Bill Mitchell and Yippy CEO Rich Granville seriously schooled Mashable’s liberal writer Matt Binder about the threat of Google attempting to rig the coming 2020 election. Part of TRT World, Moore’s Nexus is a fast-paced look at the news of the day featuring a unique ten-screen studio. Moore breaks down the news using a stream of data from the Internet and tries to focus on the big picture as well as the finer details. “Nexus uses original digital research to give a unique insight into the news. It’s informative and entertaining addition to TRT World’s programming,” according to former…

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Biden Reveals Schedule Seconds After Saying He Won’t, Badly Messes Up Number of Troop Deaths

Gaffe of the day?

John Salvatore

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Gaffe Master General Joe Biden strikes again! And this one is a doozy. In a matter of seconds, the soon-to-be three-time failed presidential candidate reveals his schedule after saying he won’t. He then proceeds to announce a number of troop deaths, before giving the total from the day prior. But there’s a problem. The numbers don’t add up. Just watch the short clip to the end and you’ll see exactly what’s up… WATCH: What is going on with Joe Biden? After saying “I won’t do it now,” Joe Biden then takes out his schedule from his pocket and shows everyone his schedule, doing “it” now. In this same 21 second clip, Biden also showed the country that he doesn’t know how numbers work. https://twitter.com/SteveGuest/status/1194077358413746177?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1194077358413746177&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2019%2F11%2Fwhat-is-wrong-with-joe-biden-biden-jumbles-numbers-takes-out-his-paper-schedule-from-his-pocket-at-cnn-town-hall-video%2F Reactions: Shameful that his family lets this happen. https://twitter.com/Sunsetter95/status/1194081491392688128 He’s toast. Imagine what POTUS would do to him in a live debate. Total mismatch. https://twitter.com/atgapparel/status/1194079421034123264 Joe Biden’s time is up! https://twitter.com/pmbasse/status/1194105406748053504 Check out this reaction from a guy who clearly suffers from Trump derangement syndrome… On the other hand, at least he’s not going to die in prison like Donald Trump https://twitter.com/jgarmyers/status/1194089677474729986 I’d vote for an unplugged toaster if it means getting Trump out. https://twitter.com/jgarmyers/status/1194090021701259264

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