The earnings call has been pushed out to minimize the negative press during the day today. Media outlets and everyone’s attention will be occupied with he Hurricane this evening through the weekend. Makes sense to bury the bad news during this... — read more
What happened to Sears Canada employees?
Did any of them get any severance in the end? Anything?
Champagne is on Ice!
Went by the big conference room here at HE and they wheeled in cases of champagne and started putting it on ice! Not sure what’s happening but it’s gonna be big. Lots of smiles and happy faces here today!
Could it be good news?
Wouldn't it be great if it was actually good results we were posting and the delays are for maximum effect? I know, I know, keep on dreaming...
Dumpster Piling
I noticed the dumpster piling up out back. Curious if this is due to unpaid bills or increased waste production as the stores wind down.
What will the delay achieve?
Seriously??? Is it going to change the results, whatever they are? No. It's for a period that is done, they have the final results. No matter how bad they are, they are not going to become better in an hour or ten. So why in the world do they keep... — read more
Really nervous ahead of tomorrow
I'm really thinking that if the results are bad enough (and it looks more and more they will be,) we might be hearing about bankruptcy by the end of this month. I'm actually hoping that it's just layoffs and closings they announce and that my store... — read more
Guess who just joined from Toys R Us as head of retail for Sears and Kmart to drive in the final nail.
Cannot believe Eddie can be so funny as well as a sadistic at the same time.
Get Ready for the Numbers
OK, let's see how this one pans out... HOFFMAN ESTATES, Ill., Sept. 11, 2018 /PRNewswire/ -- Sears Holdings (SHLD) announced today that it expects to release its financial results for the Company's fiscal 2018 second quarter before the market opens... — read more
Sears & Hurricane Florence
I know that some stores will be closed because of Hurricane Florence - I just want to wish everyone the best and I hope things will turn out fine. Stay safe!
Eddie just tweeted
Eddie Lampert just tweeted first time in awhile: “Am considering taking SHLD private at $4.20 a share. Funding secure.” WTF!?!?!
Tired
I am soooooo getting really tired of looming layoffs, this never stops... Being 57 does not help - I know that sooner rather than later I will be among those let go - I just find it exhausting...
Bankruptcy by the end of this month
Yes or no?
Dumpster Fire Inbound
https://searsholdings.com/press-releases/pr/2108 Second Quarter Earnings to be Released Thursday. Get ready, it's gonna be bad.
Guess Sears Hometown And Outlet Is Actually Profitable?!
Guess at least their spin-off company seems to be doing well this past quarter (Q2). http://shos.com/wp-content/uploads/2018/09/FINAL-SHO-09.07.18-ER_8K.pdf I had to do a double take to think that wait, SEARS IS MAKING MONEY?! Oh never mind, this has... — read more
Eddie Back to HE This Week
I heard a rumor that Eddie plans to make surprise trip Hoffman Estates this week. It has something to do with another Amazon program and the Kenmore deal. The word is Kenmore is going to launch a new robot vacuum cleaner like a Roomba. It will be... — read more
Question is my store is closing
So just now this two guys were like inspecting and measuring the inside building. They dont seem high tier. Nice guys I asked (being nosy) what you guys doing. Said we were brought by the landlord. They were measuring things on the laptop said they... — read more
Sears stock taking a huge tumble yet again.
Guess whatever little scam the stock was going on behind the scenes. Stock has dropped to $1.36 now.
Do you think your store should close?
A little informal poll here. The company announced more store closings just a few weeks ago. My former store was on the list which is no surprise - the drastic decline in sales in why I bailed in 2015. The question I'm posing: Is your store currently... — read more
Buckle up, something’s cooking!
Has something gone from bad to worse that we don’t know about? The man is selling Sears stocks for the second time this year, as far as I could count. One can argue that large shareholders are trading all the time, but the timing of this sell sounds... — read more
Store Closures By Possible Hurricane On East Coast
It's going to be interesting how many stores may be "permanently closed" due to Hurricane Florence.
Not over yet!
All the panic. All the worry. This company is far from going under. The powers that be will always save this company no matter how dire things look. Sears Will be around a long time but Kmart will not be. Sad to say but Sears will shed the Kmart... — read more
I thought I had read somewhere that Sundays were a preferred day of the week. Just food for thought...
http://www.slate.com/articles/news_and_politics/explainer/2002/08/why_do_busted_companies_always_file_for_bankruptcy_on_sundays.html
Q2 Earnings???
Not since it's incorporation has Sears Holding Corporation not posted results by now. Clearly one of two things: 1) They are waiting to finalize Kenmore deal with tender offer on the debt at pennies on the dollar 2) Bankruptcy I think the ladder is... — read more
Why there’s still no D--k’s store at The Gardens Mall (Non Seritage Location)
Sears may have won the battle for the right to sublease its space at The Gardens Mall to D--k’s Sporting Goods, but it could still lose the war to bring the retailer to the mall. Over a sign. During the past few months, Sears has asked the city of... — read more
Sears Holdings sells distribution center for money
https://madisonrecord.com/stories/511553952-k-mart-to-sell-florida-distribution-center-to-pay-tillery-whistleblower-settlement Had to sell a distribution center to pay for a lawsuit yea, things are “a ok” right?
10-Q Reporting Deadline
Deadline is September 18th, 2018 for them to file the 2nd Quarter (Lack of) Earnings Report. So if they even release it, it'll be released on September 13th. It's definitely looking more like the end however due to known cash flow constraints... — read more
Might not be as bad as everybody thinks
People, with so many stores closed and so many positions cut, the costs have been cut so much that it has to affect the bottom line positively. I know closed stores are no longer bringing in profit, but from what I understand they haven't been doing... — read more
Sears.com Labor Day Event
What's with the website still saying Labor Day Event...that's been over with for days!
Q2 EARNINGS??
how many times are they going to delay this?? Must be a real loser
You know it will be bad tomorrow if...
The Kmart Cheerleader is back.
Ring fenced properties
Anyone know how many of the original 140 properties are still operating?
Michigan minimum wage increasing to $10.00hr 1/1/2019 and $12.00 eventually
Even more reasons for Eddie to shut the rest of sears/Kmart in michigan down unless bankruptcy comes first What a mess sears holdings us in!!
Eddie Purchased More Shares of Sears
https://www.sec.gov/Archives/edgar/data/860585/000089924318023868/xslF345X03/doc4.xml
Be prepared
If the quarterly results are as bad as we think they will be, we will hear about more layoffs and closings in the same breath as they are presented. All the changes that have been mentioned but haven't come to fruition yet? Expect to hear about them... — read more
Q2 Earnings Release?
How long are they going to delay? Must be really bad
HE Layoffs? Q2 Earnings?
Any word on when earnings will post? Will there be layoffs at hoffman this week?
Sears is the only proper employer standing
Stores seem to be closing left and right here. There weren't that many to begin with, but we went from having four supermarkets in relative vicinity to only one. Honestly, I'm shocked Sears is the last holdover. I'm really scared of what will happen... — read more