With holiday season approaching, do you think we'll see layoffs come to a screeching stop? Employees will suddenly become valuable once again? Or do they believe there are enough temps out there that they don't have to worry about filling any... — read more
Last Nail In the Coffin
If Sears is even able to get merchandise from vendors, tariff costs related to Chinese goods will increase costs, further erode already thin margins and lead to higher retail prices.
This is the end...my only friend...the end, part deux
https://www.fool.com/investing/2018/09/25/eddie-lamperts-latest-sears-rescue-plan-shows-the.aspx
Eddie should be in jail.
His crimes affected thousands of people. No way should he escape punishment.
You would think they would be advertising about selling TOYS this year!!
Even though they are not being set up until mid October you would think sears would be doing some advertising before the big roll out of a toy department Plus would it not make sense to put toys near the Christmas shop instead of on the second floor... — read more
It really makes you wonder how a failing company affords these wages
From 2017 Eddie $4million Lena munjal over $1 million Chief digital Officer Robert riecker over $1 million Chief financial officer Robert j nardele over $1.5 million Chief commercial officer- shop your way Mca/cashier part time $18,512 yr Part time... — read more
The only stakeholder Eddie Lampert cares about is Eddie Lampert
He is brazen though. Talking about his concern for the shareholder when he means the MAJORITY shareholder, himself. In the end the minority shareholders will be wiped out whether it is this year, next year or 2020. I don't have time right now to read... — read more
Bills come due October 15
$134 million debt payment due October 15. Excerpt from Q2 2018: "The Company's total cash balances were $441 million at August 4, 2018, including restricted cash of $248 million which relates to amounts deposited in escrow for the benefit of our... — read more
Loans
Seems Eddie is unwilling to loan Sears any additional money. Wonder why? LOL!!!
Turn Flag upside down!
Everyone chill , what have you done for company ? Too many SMART people getting pay check that do not Care ! Ever suggest way out of situation or alternate way to do business ? Of all those Smart people in that so called Support center , you would... — read more
This is the end...my only friend...the end
(With apologies to Jim Morrison) https://www.cnbc.com/2018/09/24/sears-ceo-proposes-restructuring-plan-to-avoid-bankruptcy.html?__source=sharebar%7Cemail&par=sharebar
Anyone know how many of the original 140 ring fence properties are left to sell?
Haven’t heard much about these stores or how many are yet to be sold Money goes to the pension fund What about those stores that were put in that auction site? Anyone know what happened to them? They were part of the original 140 stores also
Another One Bites The Dust
Heard through the grapevine that one of the senior leaders in Online left VERY quietly last week. If anyone was going to leave on their own, they’d have been the last person I’d ever expect. If that doesn’t tell you how things REALLY are, I don’t... — read more
My favorite commercial
https://www.dealnews.com/features/Sears-New-Ad-No-One-Shops-Here-So-We-Have-Plenty-of-Parking/938076.html
SMART'S
Combine both Sears and K-Mart in one location , best store in local area . Store would carry same items that fit pocket book from low to higher price goods . No need to remodel store , one being vacated could be either sold or leased out . Choose... — read more
File for unemployment
For those affected today, if you are in Illinois, please file for unemployment on the IDES website today or tomorrow. Sears will not block this and in our state you can collect UI while on 'severance'....IDES has a 'waiting week' then after that once... — read more
We are back to trickle closings, I see
I admit, I hate those more than batch ones. When we get a list, we know that's it. Which store is done and which ones are safe, at least for a while. This, however... This means that we can hear about our store being closed literally any day at any... — read more
Any more layoffs today?
Are we going to have more layoffs today? Or are the last couple of days it? Just to know how nervous I need to be ahead of going into work.
For those being laid off right now
I would suggest Costco if there is one near you...they typically hire around the end of October...you will only be seasonal, but if you bust your a-- and make a good impression, they will keep you. Definitely the best retail job you can get. Really... — read more
Stealth Closing -- Sears Cambridge Mass #1343
Sears is Cambridge Mass will be closing although not listed on publicly available closing lists. Jobs for this location are listed as Seasonal Store Closing positions on the Corp website.
Nextec
Have we officially killed the Nextec line of tools?trying to get some batteries since I retired can’t even get a drill or impact, only oscillating tool left. Just oos or dead?
Makes no sense
Why hire seasonal associates if you are not going to be able to give them hours?! We barely have hours for the regular associates. This is why everyone leaves and turn over is so high. Sears invest all this money on the new hire process (paperwork... — read more
Grand Central Mall, Vienna, WV closing
http://www.newsandsentinel.com/news/business/2018/09/sears-closing-grand-central-mall-store-2/
Grocery stores are your salvation
I recently switched to Wawa, and it's a whole new experience. I feel like I am recovering from doing hard time at Sears. The store looks amazing. We are always well stocked and have enough people covering the floor so I never feel overwhelmed... — read more
Pharmacy DM fired Tuesday
My wife pharmacy DM was fired yesterday and stores reassigned to other DMs. Obviously his position is not going to be replaced because the new DM said she was given more stores rather than just temporarily covering. The district stores affected were... — read more
Notice the news made no mention of Sears/Kmart hiring for the holidays?
The big shots must think stores are staffed properly for the upcoming holiday season....right Or they realize nobody will be shopping at Sears/Kmart why bother Especially when... Sears/Kmart can’t even compete with Targets seasonal pay of $12.00 hour — read more
layoffs
We cleared out our District Office today. 4 people left to run offshore business.
Beavercreek, OH
http://www.daytondailynews.com/news/local/sears-closing-fairfield-commons-mall/S0Z3oaOSHHGUcjXN5pwNAI/amp.html
H/E layoffs
One third of H/E is being laid off today. There are associates with over thirty years of service out of a job. Store closures will follow with in the next week. The end is getting closer.
What's going on with Kenmore sale?
In all this fuss I managed to miss what finally happened to Eddie buying Kenmore. Is that still happening? Canceled? Remaining in limbo indefinitely? I'm still failing the see the point of that move, but I guess I'm curious enough about how it's... — read more
Which areas are getting hit today?
I am hearing smatterings of areas here and there. HR got a few hits. Any other areas people want to share?
Human Resources
Six from HR department at HE got laid off yesterday. More cuts to come.
Internal memo for 2018
Touched on the topics of having one manager between two stores for both formats. Home improvement and appliances/mattress CSAs combined. New incentive structure either tiered commission or hourly TBD. I do not know what is meant by tiered, I am... — read more
For those laid off, you will get through this
Take a short time to regroup. You will find a much better environment where your talents are utilized and have the potential for a positive impact. Working for SHC is like being in an abusive relationship. You need time to recover and make yourself... — read more
Police presence
Anyone know why there is a Hoffman Estates cop watching over the lobby the last couple of days?
Cheerleader
I have been wondering what the cheerleaders endgame is. They try to push down and hide relevant posts. I thought at first it was to block negative press or hide the truth from employees. But I think what they really are doing is hiding this info from... — read more
I hope my store closes
Is it bad I'm hoping my store will be among those closing? I know a lot of people check to see if their store is on the list of closings with fear, but I do it with hope. I guess I just really wish this mess was over already. Does that say more about... — read more
Q2 total revenue plummeted
While it is to early to pin point an exact closing date for this enterprise I feel we are seeing the last breath of a dying swan https://www.forbes.com/sites/walterloeb/2018/09/17/sears-downsizing-is-scary/amp/
Cashier Seasonal *Store Closing*
Saw this job add on Glasdoor today and had to laugh. Forget Christmas, forget Black Friday, Closing is the favorite season of them all, am I right?... — read more