You Can Kick The Can Down The Road, But Reality Will Catch Up With You Eventually BY GOV'T SLAVES ON 10/12/2018 Nobody can defy the laws of economics forever. Whether it is an individual, a company or the nation as a whole, reality always catches up... — read more 

http://www.chicagotribune.com/suburbs/ct-met-sears-school-district-sues-over-lost-taxes-20181012-story.html

Did your store manager say anything about the looming bankruptcy? Our store didn’t have morning meeting yesterday or today Do you think management knows something and are just told not to say anything? It would be nice if management wd let us know as... — read more 

Well, since we are struggling as a nation, Eddie would be a great fit for POTUS. He has an extensive experience with managing struggling organizations large in size. Go for it Eddie, maybe you can bury this one too...

First goes secured creditors, like Eddie. Next goes the bankruptcy administrators, third goes payroll, pensions, vendors, taxes, and other unsecured debts. Last come shareholders. Given the total lack of equity, there third tier might come up short. — read more 

https://www.youtube.com/watch?v=Y9UkzXQTRn4

I dont want to let my guys down. Should I tell them to seek employment somewhere else or will my store remain open for now?

I'm just going to wait. We all know that SOMETHING is going to happen by Monday. All these articles are just speculation and rumors. Until there's an official press release, I'm not going to worry about it yet.

You will have many customers who you've known and have trusted in you for years....they will be saddened and feel lost too...remember to thank them for their loyalty. ...It's going to be hard on them to form new relationships....if you can steer them... — read more 

I was let go in September but found a new job. My new health insurance doesn’t start until December, so I have been paying COBRA to continue my Sears coverage during the interim. What happens to the Sears plan when they file bankruptcy? Do I need to... — read more 

I'm sure every Sears and Kmart employee knows to varying degrees how the company is struggling. I do wonder though if any of them out there are completely unaware about what is about to happen? Management would be doing themselves a disservice by... — read more 

To sublime the Reuters article: They are filling for bankruptcy protection on Sunday; They will be closing about 150 stores; They are ditching home services and Kenmore appliances; Eddie will not give any more loans, but probably forgive some debt... — read more 

Media is reporting 150 stores will be closing. If Eddie was really going to transform Sears that number would be at LEAST in the 50% range. The Chapter 11 scenario is a farce to buy time to finish gutting the company.

Eddie gets loan , but has to sell 150 stores to pay down debt . The remainder to be sold after x-mas along with Kenmore , and the remainder . Eddie bids on and gets what he has been after all along at lower price . First in line to be repaid at full... — read more 

Huh, thought reading something in the news would help, but reading this Reuters article hit me hard. Good luck to Kenmore and Home Services guys and girls, my heart goes to you, but at least you know where you stand. For the rest of us the agony... — read more 

Laid off 14 months ago, but it turned out to be a good thing. Took SS, work part-time 5 minutes from home and love my job. What is the campus like? Is it a ghost town or does it seem like business as usual? Lots of former co-workers that were there... — read more 

https://www.reuters.com/article/us-sears-bankruptcy-talks-exclusive/exclusive-sears-aims-to-close-up-to-150-stores-in-bankruptcy-sources-idUSKCN1MM2CS (Reuters) - Sears Holdings Corp (SHLD.O) is planning to close up to 150 of its department and... — read more 

You mean like Eddie wouldn't be around any longer? What about the transformation? I can't live without my Eddie!!!! Eddie don't leave us! Eddie don't leave us! I guess its a form of Stockholm Syndrome. Being beaten by the worst person to walk upon... — read more 

While Fast Eddie has to get his lawyers to the courthouse to file bankruptcy, employees and store management should see subtle signs before the court clerk stamps the document. For the benefit of all, let us keep each other informed. Some signs to... — read more 

Why in God's name anybody with a clue would want to continue to bend over for Eddie and his helpers (SMs, DMs, etc.) is beyond me. You people are nothing but useful id--ts to them. Have some self-respect and abandon ship now. I told my manager to eat... — read more 

All a lie for the news. The manager confirms at our meeting today. We will not close. Thank you. Reggie.

So eddie is fight like hell loans money a few times. now he gives up? Board members started fighting with him after the 2016 holiday season. They bring in consultants that tell him a ton of different things but he makes no changes Bruce comes to the... — read more 

I believe Sears pension plan 1 is fully funded until the end of Feb 2019 by law according to a letter I received back in March or April of this year. If they file for BK then assuming that if one is eligible you are still able to get a lump sum... — read more 

https://www.theonion.com/the-convergence-is-at-hand-announces-sears-ceo-as-em-1829692628 HOFFMAN ESTATES, IL—As the department store chain prepared to file for bankruptcy and close its retail locations, Sears CEO Eddie Lampert reportedly announced... — read more 

Stock shooting up. Looking for someone else to buy SHC. Closing some stores immediately. All is well. -Corndog

https://www.cnbc.com/2018/10/12/sears-nears-a-bankruptcy-deal-that-could-keep-it-open-this-christmas.html As Sears Holdings heads toward an imminent bankruptcy filing, the struggling retailer is nearing a deal with lenders that could keep it alive... — read more 

What will happen to 401K? I assume the bankrupcy has no impact on the 401K but want to make sure.

the employees can own the company; it would be a true employee-owned company

Make sure if you need anything for your store you go buy it today because our pcards will be turned off as soon as they file bk.

If your not looking for new job.....shame on you! Everything is coming to end in 72 hours!

https://www.forbes.com/sites/paularosenblum/2018/10/10/sears-plunges-towards-chapter-11-lampert-stands-to-win-whatever-happens/#7983394d5237 apologies if it was already posted

My kmart store was announced to close for good this Jan after 43 years and we closed our doors forever this april. A sad day indeed as we had many long term, loyal really good workers who cared about the company and each other. I can't tell u the... — read more 

All the other stores will close.. I don’t know how many of the approx 230 sears/Kmart properties are actually open but I’ve read these are all the prime locations as far as real estate I never hear anything about the Sears store in Livonia Michigan... — read more 

@VAqEit5-fqh wrote: "If I don't see a deposit in my bank account I'll have a word with the people in the cash room and get cash instead." If Chapter 7 is filed, any money in the store fund will be "frozen" by order of the bankruptcy court and... — read more 

How long will shop your way credits be honored ? I have a few dollars built up and don't want to lose them. I also have a free cash offer for apparel - spend 20 and get 15 - that is a good deal. I might use this to get a birthday present for my... — read more 

Within the next 72 hours we will (hopefully) finally find out the fate of Sears (not just speculation).

In a bankruptcy secured debt (mortgages, pension fund, Eddie’s loans, bonds) get paid first. Then unsecured debt (employee payroll, and other creditors) get paid. Employees are treated like any other creditors in a bankruptcy. Good news is employees... — read more 

Link: @Sxs9kGW - the poster predicted pretty much everything (about 6 months ago) - KUDOS

What are the higher-ups feeding you?