It looks like Eddie Lampert will not be coming in to rescue Sears. The hedge-fund manager who controls Sears Holdings, has repeatedly bailed out the struggling retailer with short-term loans. Not anymore. Lampert, who is Sears's chairman, chief... — read more 

Someone stated on this board that SHLD has always paid its vendors. Well, not anymore! https://finance.yahoo.com/news/sears-skips-payments-vendors-amid-051304983.html

I was paid my full check. Company did not take out bi-weekly insurance premiums.

He will strip it for parts! Somebody wants to buy a steel framing member off of a rollercoaster, he would take it off and sell it to them even though people are riding the roller coaster. He'd take the electric drive motor out of the ferris wheel to... — read more 

Signing a new extended naming lease when we may not be around in 6 months. Time to rename the Centre or close it and bulldoze it.

What happens to SHI in case of chapter 11?

Oh Happy Day. Sears gets to wipe the slate clean. Bankruptcy. Pass the debt onto the taxpayers and re emerge, debt free and free from pension liabilities. Sears will be an asset light co. Like Eddie had been saying for years. This is the... — read more 

Think of a bankruptcy as cleansing. It cleanses out the wastem It cleanses out bad processes. It cleanses out inefficency. Lots of companies have filed for bankruptcy. Look at Schwinn, Eddie Bauer, Hostess, Chrysler and Continental Airlines. Those... — read more 

We all have setbacks in life. We have to stay strong and go in headstrong with a good attitude. Tomorrow, when you go in to work, be thankful you have a job. It could be worse. But guess what? It's a setback Everybody and everything eventually has a... — read more 

To those who are saying that this is the end, it is not. Don't assume the worst. Eddie Lampert is a brilliant investor and a brilliant leader. Alan Carr is going to pull strings to get us to pull through. We are halfway there. Stores are stocked... — read more 

Sears is turning things around with smaller stores and taking care of its customers. Customer/members know that Sears will do whatever to make them happy. They stand behind their appliances and products. Stop listening to the nay sayers. Keep working... — read more 

Good luck all

Citing people familiar with the situation, the Wall Street Journal said employees of M-III Partners have spent weeks working on a potential filing and have spent time at the troubled retailer's Hoffman Estates headquarters in recent days. Sears is... — read more 

Or are we just going to post the different news stories that say the same thing which is they might be filing soon.

Within one year this silly post/lay-off/ site will not exist. Good bye to the posters of haterd, good bye to the hopefull , good bye to the death of y’all. Rememerber, all of you are nothing but narcissistic.

no comments from execs today, eddie sitting back and laughing. Board members get sued if we go bankrupt. It goes eddie's way

Like many of you I used to work for Sears, I drank the kool aid, sold the PAs, pushed the SYWR and talked up credit. I spent eight of those years never getting a raise and had seven store managers and who knows how many District managers over that... — read more 

Eddie gutted the company on purpose and will keep Shop Your Way around. Just watch. He datamined the Sears and Kmart customer base for 12 years now and got his worth out of it. Now he has all of the information of millions of rewards members and that... — read more 

National hiring day was a joke. we "hired" five people and the week before we "hired" another six. None of them have hours and they will never get hours. What was the purpose of this National Hiring Day? Why hire people when you know you can not... — read more 

If you read the severance package paperwork and you signed it, there is a clause that basically states that "While Sears intends to fulfill the severance in full, it can stop it at any time and for any reason"...therefore, if they stop it due to a... — read more 

Worked at Sears for 8 years. Left. Biggest customer complaint was the store was old and run down but rather than update to a more modern look they just gave us iPads that worked 5% of the time and infuriated customers. We often got in big trouble for... — read more 

https://www.forbes.com/sites/paularosenblum/2018/10/10/sears-plunges-towards-chapter-11-lampert-stands-to-win-whatever-happens/

Pay you card no matter what, BK or not BK, pay it. You owe money to the bank not Sears - do not risk ruining your credit score for a handful of dollars (likely).

This is what happened to Sears: https://www.google.com/amp/s/www.forbes.com/sites/paularosenblum/2018/10/10/sears-plunges-towards-chapter-11-lampert-stands-to-win-whatever-happens/amp/

A lot of questions about credit cards, online orders and showing up for work on this message board. Eddie needs to get PR out soon to keep customers from panicking and associates from fleeing. He’s screwing the bankruptcy up almost as bad as he did... — read more 

I have a relative that has a Sears branded credit card. Does anyone know what would happen to it during the Sears Holdings bankruptcy / liquidation?

Link:

Hundreds plan to not show up for work this friday. Many claim they will show up, just to punch in and leave. 10/12

I have to say that Kmart has been a lot better lately. They just need so love and attention to the stores. Will reorganization make this possible? I can't believe how nasty some people are being and gloating, they've shown their true colors. Whatever... — read more 

But not shipped? Will we get refunded?

Like this is stock market and financial stuff, but that by actually clearing the debt and interest payments making it impossible to run the business, will make it possible for Sears and Kmart to run stores profitably without the higher costs of... — read more 

From the spend x get x in instalments, Will we still get them?

No way anyone would do business with them now. Not even cash before delivery. Burnttoast#

I no longer work here but follow the goings-on of Sears Holdings very closely. It's a very interesting case study of the slow dismantling of a former retail giant. I left Sears for the reason that it is a ticking time bomb and I wanted to get out... — read more 

I said BK on the 19th of this month , Eddie wont pay debt due Monday . He has been with law firms all month or longer to figure out next steps . .32 as of now.....

I predict within the next 24 hours based on the typical timeline for these leaks.

dead store walking

If one is currently being paid severance do they have to continue paying that once bankruptcy is filed?

If the company goes bankrupt since we will be liquidating are we still allowed to give a two week notice before store closes. The only reason I ask is because if sears ever comes back like toys r us maybe if you want to ever get rehired etc. What... — read more 

We all knew it was coming! Where is the Kmart cheerleader now?