They have posted final checks in states that require pay at time of layoff. Be in the know for tomorrow. I'm finally free.
AP Cuts tomorrow confirmed
ZMAP called me to make sure my APA will be here tomorrow because he's being let go. She's then traveling to at least 1 other store to let their APM and APA both go.
more layoffs at HQ
oh no not again: http://articles.chicagotribune.com/1990-08-18/business/9003090171_1_sears-spokesman-merchandise-group-job-cuts
Hoffman Layoffs Today - who was impacted?
http://www.chicagotribune.com/business/ct-sears-corporate-job-cuts-0224-biz-20170223-story.html
Stock taking a nose dive today!!!
Sears stock took a huge dump today! 52 week Low!! $2.88 at 8:55am CST
SHLD Stock now Below $3
As of 9:55AM on January 25, 2018, the SHLD stock value is now at $2.88!!
CHECK YOUR ONLINE SCHEDULE
When I was let go in 2016, there were rumors after the managers meeting, that some lead positions would be eliminated. I thought that I would be one of them. The way I found out was by checking the online schedule. I previously had a schedule,and... — read more
Any word on lead positions?
Any answers on... Jewelry lead? Backroom lead? Footwear lead? HA sales lead? Softlines lead? And others I'm missing?
To all the decision makers
When you have a gm meeting that everyone knows positions are being eliminated don't wait three days after to get your packages together and to let the associates know. How about you have the f---ing packages ready for a half day gm meeting and then... — read more
Hoffman Estates Layoffs January 31
Hoffman Estates layoffs will happen on Wednesday, January 31. Multiple conference rooms are booked all day across the campus with no meeting description provided other than "RESERVED." This has been the protocol for the layoffs over the past several... — read more
Job cuts
At my current store there are 4 ASM positions. Being told that they will be eliminating 2 of those. HI and BC will combine and OPs will be gone. Backroom will also be eliminated in my store. These changes are insane.
Clarification
For stores that still have the Shoes Lead and Fine Jewelry Lead what has been the trend with those positions. We are seeing that in other areas they will be changed to coordinators but what is the difference from being a lead? Also if they do not... — read more
Refinancing
Struggle to understand the private refinancing operation announced yesterday. Why are not all ESL loans getting PIK interest, while would SHLD give the option of an 30% Equity stake to the 6.5/8 bond holders to extend 300 Mio for a year? Does SHLD... — read more
Remodel announcements
The remodels are supposed to be announced over the next 60 days, please post here if you’re on the list for the remod!
Hybrid strores
Any word on hybrid stores?
Job Changes/Cuts
There is no straight blue print for the changes coming. All of the job changes and cuts are based upon the stores volume. My store is losing a Hardlines ASM but gaining a softlines ASM. Makes sense with the balance of sales. One universal change does... — read more
Please stop speculating and wait until Friday !!
This is crazy, there’s a lot of stuff being said and some of it may very well be true however there is nothing actually confirmed everything will be officially released on Friday so until then let’s just wait and see . Some of these changes are good... — read more
Fitch Downgrade
S&P last week, Fitch this week. https://www.chainstoreage.com/finance-0/sears-downgraded-fitch-ratings/ Still thing its gonna be alright?
False rumors
I don't know who started the commission increase rumors, but they are totally FALSE. What's worse, all ASMs are indeed getting cut. This is across the board. Same with Ops. The false rumors may be believable for awhile, but come Feb. it will all be... — read more
AP Layoffs
Are APMs also on the Friday chopping block?
Stupid Failure
Sears is done. All ASMs will be gone by Feb. Commission sales are gone. FWIW, I am a DM.
Complete waste of time
Sat here all day watching this board, and it appears there was nothing much to announce.
Kmart settles prescription drug lawsuit with $32.3 million payout
WASHINGTON (AP) -- Kmart Corp. has agreed to pay $32.3 million to settle allegations its pharmacies caused federal health programs to overpay for prescription drugs by not telling the government about discounted prices. The U.S. Department of Justice... — read more
So what exactly is going on?
Keep reading huge layoffs on one hand, "commission changes" on the other. Then I am reading that whatever district is facing a bloodbath while another district or region was left untouched. What is really going on???
Don't read unless you want to know the truth
Every day talking heads on TV tell us that everything is AWESOME! And the economy is BOOMING! And most people desperately want to believe this, despite what they see in front of their own eyes. Some people can watch their friends, colleagues... — read more
Transfers from eliminated positions?
I doubt it was mentioned, but I gotta ask anyhow. Will those in positions that are being eliminated be able to transfer to other positions within the same (or even a different) Sears store? I know this will most likely come with a pay downgrade, but... — read more
facts only
Enough with the b.s. only 100% truth!!! Sorry for the language but this is someone's income. This is not a joke. There are so many things being said, but what are the solid facts? Someone in one of those meetings post what is being said, and what... — read more
Sears Simple store restructure blueprint
All officially confirmed as of 2:15 PM All ASM positions gone , Will be offered TTP package ( cheaper form of severance ) All lead positions gone All operations positions ASM and Zone gone All full-time positions Gone ( except management ) Some... — read more
managers meetings
I have seen several post on here that the only changes were on commissions. That is not the case in our district. There were several changes that will take place. The managers were told they would be there until 5:30 PM. They were told to dress... — read more
Any layoffs?
Just want to know if any layoffs were mentioned during the meeting? The rest is less important at this moment, but that is the burning question. At least for me.
Tuesday Mandatory All-SGM meeting regarding layoffs and new store structures - Megathread
Post your updates here today as info comes in.
Can somebody post info here?
I would be really grateful if somebody could post info from the meeting here. A lot of us have been stressing over what will finally be communicated there, and I'm not sure how much our own managers will want to or be able to tell us. Any info would... — read more
Meeting for SMs and Store Level Manager Meeting Confirmed
I just confirmed that a Meeting for all Store Managers is happening today and then there will be a mandatory meeting of managers within the store to follow (ASMS and Leads). All I know so far.
Anyone have info on “ simple store” icon on computer?
Just curious if anyone is using the icon yet in their sears store? Is it for employees or just management
Kmart Shuts Down Today
It's been confirmed.
Fire in Sears trash compactor forced mall evacuation Monday
The Connecticut Post Mall was evacuated Monday afternoon after fire broke out in a large trash compactor at Sears Department Store. Fire Battalion Chief Anthony Fabrizi said the fire was reported at about 1:30 p.m. by store employees. “M---ord... — read more
SHLD 2017 Q4 Financial Report (Corrected)
SHLD 2017 Q4 Financial Report It'll be interesting as to when the 2017 Q4 financial reports will be released. Historically they have been released anywhere from as early as February 25 to as late as March 9. One thing we know for sure is that the... — read more