It does not help posting fake claims of buys outs or fake news of bankruptcy . If you can not post a actual source for your news it should be removed from this site. Stick to the facts thats what will help employees plan for whats next.
Bezos the new CEO?!
I was reading an article over the weekend that Bezos is in talks to buy the remaining assets of Sears and sell the brands exclusively through Amazon. I'm not sure what's left but the article stated that the tire deal was a test and is showing signs... — read more
Surprised at no closings announcement
I was convinced we'd hear about more stores closing and/or more layoffs first thing today. Yet, so far nothing. I'm not saying they are not coming, I just expected Eddie and the company would have done some damage control as soon as possible. I guess... — read more
Everybody knows the end is near
Please stop dreaming about a turnaround. It's not coming. Your time is much better spent trying to find a new job before finding yourself out of a job with no options. I feel like a parrot for constantly repeating this, but people need to finally... — read more
HE layoffs?
Expected today or later in the week? Just to know when to turn the worrying to the maximum...
Finally Some Honest Job Ads
Some friends said they saw my old store was hiring. Of course I told them not to apply if they want a future. But out of curiosity, I went to indeed.com. Several commission sales jobs were advertised. And for the first time ever, the wage the company... — read more
Why?
Why do you think there is no reaction by investors after $500 million loss? Why do you think there were no layoffs before quarter earning report? But layoff rumors after that? How they still have money for operations even after suffering huge losses... — read more
Stealth closing master list July-October and the beat goes on .............
Sears Auto, Metairie, LA Kmart Mcmurray PA KMart, Gas City, IN KMart, Goleta, CA KMart, Oelwein, IA Sears, Des Moines, IA KMart, Elko Nevada KMart, Kent WA KMart, Middle Village Queens NY Sears, Frederick MD K Mart Chillicothe OH Sears Cincinnati, OH... — read more
The Absolute Truth
I have been visiting this site over the years since I joined SHC and have been astounded by the amount of (false) positivity posted by many people. The truth is that our Fearless Leader Eddie has no intention (and never has) of saving Sears/Kmart... — read more
Hyannis Massachusetts closing
Associates given their walking papers...last day Dec 9th
What News is Next ?
Oh , the joy of sitting around worrying about where you're going to scam your next buck 24/7 while everyone else lives their life. Really pathetic.
I love this line in the cautionary statement section of the 10Q
“The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements....the substantial influence exerted over the Company by affiliates of our Chairman and Chief Executive Officer, whose... — read more
52 Billion Dollar Startup
I remember when Alywin said (probably reading from an Eddie email) this right after the merger. He tried to convey that we were a startup company in that we were doing something new and had a lot to look forward to. Plus, having 52 billion in... — read more
Our sears store is set to launch a toy department in late October 2018
I hope management will be the ones to take care of this”new” department as we don’t have the staff to rad/ran Rtw let alone throwing a mix of toys in the equation to tidy up and make sure kids don’t open and scatter the toys around After years of... — read more
It's never been his fault
[What’s killing Sears? Retirees, the CEO says] http://www.topbuzz.com/article/i6601114591449580037?user_id=6515002671820521481&language=en®ion=us&app_id=1106&impr_id=6601154504341588229&gid=6601100529173004549
Sears bonds are down 6% - stock dropping and following suit! Will end red!
https://markets.businessinsider.com/bonds/6_625-sears-holdings-bond-2018-us812350ae65
CONFIRMED: HE layoffs start next week
I will be letting two go on my team next Tuesday at Hoffman. Was asked 2 weeks ago to make cutbacks and other teams have too. Severance yes though not a lump sum. Paid every two weeks like regular salary.
Employee Layoff Rumors
If we get laid off, do we qualify for unemployment?
Suppliers running scared?
https://www.sears.com/appliances-refrigerators/b-1020022?discount=1&filterList=discount&subCatView=true&searsTab=true I check this everyday, yesterday Sears had over 500 refrigerators to choose from now its 310 with all Samsung & LG fridge selection... — read more
More job postings
Why? I found several job postings for Sears from yesterday on the official site. Everybody knows this ship is about ready to go completely underwater. Why try to fill positions when you know the whole store will most likely go belly up within a... — read more
Kenmore vote happening soon
https://www.google.com/amp/s/seekingalpha.com/amp/news/3390353-asears-holdings-sset-deal-go-vote I hope they vote against Eddie and that the sale falls through and this joke of a company dies already.
Sears Zombie Retailer Status
Of all the articles out there talking about earnings (or lack thereof) report, this one has by far the best and most appropriate title. Can we get Rick and the gang on the case to end its misery? "Sears Delayed Second Quarter Earnings Reaffirms Its... — read more
So the wait begins
Now that we finally know results for the last quarter, we know we are looking at more layoffs and closures pretty soon. Which means that the following days or weeks will be excruciating. Knowing that something big is coming but not knowing when or... — read more
It all crashes in October
Below is from the 10Q statement filed with the SEC yesterday. It lays out the threshold of default then goes on to say that as of August 4 they were below that threshold, if they go another quarter below the threshold, it’s over. “If we continue to... — read more
So they released Q2 results. Where is the list of store closures?
In almost a decade, I've never seen a quarter go by without a list of stores to close. How are they going to mitigate that $500 million loss? And as for layoffs, does anyone have any intel on what's happening (without speculation)? In Hoffman, are... — read more
So my Hoffman Estates friends, when will the layoffs be?
Tomorrow, next week, next month?
August 4 store counts
Kmart: 360 Sears FL: 482 Sears Specialty: 24 There is a raft of closures still occurring, and just announced. Any guesses what they will be by the end of the year?
3% sales?
How about half a billion loss for Q2. Open your eyes. There’s no help for you if you can’t help your self.
ATTN: BLIND PEOPLE
Eddie is not trying to save the company... he is actually trying his best to destroy it so he gets the assets... store closures are NOT based on store success... DO YOU UNDERSTAND NOW???
Breaking News: SHLD loses $5.13 million per day in Q2 and People call this a success....
Losing $5.13 million per day...people say this is a good sign of the company continuing on til 2020 or farther. I can't wait to see the Q3 results....maybe SHLD will lose $700 million in Q3 and that will be the indicator that SHLD will survive til at... — read more
So Was the Delay an attempt to tank the Stock price?
Seems fishy they would delay the report especially when there was some good news in it. We're they trying to tank the stock price so people could buy and reap the after market benefit?
I love it
Love how even when this company lost over half a billion dollars people still say this company is fine...clearly we are witnessing mass insanity.
How long can they survive?
How much cash in hand?
Down Another $508 million
https://searsholdings.com/press-releases/pr/2110
$508 million loss in Q2 2018
Not good...................not good at all.
So What's the good news?
So What's the good news?
Early Warning Signs: Is your store about to be closed
For a few weeks prior to our store closing announcement, there were a number of people traipsing through our store checking things out. Sometimes they would be accompanied by the mall manager and/or the mall maintenance supervisor. Also, there was a... — read more
I hope everyone finds their way out
I used to be employed by Sears a little over a year ago. I will say, at least in corporate office, the pay and benefits were good. Which made it difficult for many people to leave and find work elsewhere that could match it without having to look at... — read more
Shares already falling
So the quarterly earnings report is not even out yet and the shares are already going down due to all the delays. Great job E and company, really great job... — read more