Topics regarding layoffs at Sears

Topics regarding layoffs at Sears

Another week another closing.

http://www.bethesdamagazine.com/Bethesda-Beat/2018/Sears-Files-Notice-That-Its-Westfield-Montgomery-Store-Will-Close/

by
| 930 views | | 7 replies (last January 13, 2018)
Post ID: @OP+Rc9jxmG

Translating Eddie Lampert's Blog Post

Eddie: Finally, we have monetized some of our valuable real estate portfolio through property sales, which enabled us to repay some of the loans that were made to provide liquidity and obtain time for our transformation. TRANSLATION: I have managed... — read more 

by
| 1360 views | | 4 replies (last January 15, 2018)
Post ID: @OP+Rcz4eSf

How long can Chicago's last Sears store beat the odds?

It’s the last Sears store operating in Chicago. But considering the woeful financial health of its owner, you have to wonder: How long can it stick around? It’s a question that hovers like a fog over the Northwest Side’s Portage Park neighborhood... — read more 

by
| 1320 views | | 9 replies (last January 15, 2018)
Post ID: @OP+RcWOGYm

Its NOT Amazon nor the internet

There's just tooooo many retail stores - Walmart has ABRUPTLY closed 63 Sam's Club stores https://finance.yahoo.com/news/walmart-abruptly-closing-sam-apos-064451519.html

by
| 980 views | | 4 replies (last January 12, 2018)
Post ID: @OP+RbKFmTO

Severance Pay

If a store closes do all full timers regardless if you are hourly or salary or work sales get severance pay??? Just curious.

by
| 1900 views | | 11 replies (last January 12, 2018)
Post ID: @OP+RbA6JsF

what a bunch of lying fake posters

SO we now know same store sales were down 15% so all the fake posts over the holidays saying there store was up over 100% and super busy was just a bunch of corporate scam posts

by
| 1240 views | | 11 replies (last January 15, 2018)
Post ID: @OP+RbW3f3r

Berkowitz Unloads Stake In SHLD

Bruce Berkowitz (Fairholme - 20% holder) ; in an SEC 13D Filing; reported selling 770,000 shares on Jan 8th and Jan 9th; and an additional 1.4 million SHLD shares (into a Short Squeeze) Jan 10th.

by
| 2090 views | | 13 replies (last January 16, 2018)
Post ID: @OP+RbeMbD4

Thinking about doing this...

I'm planning on leaving in a month or two regardless, but hear me out. There is a mass exodus at our store. People are leaving in droves and we are so short on people it's not even funny. We recently lost a full timer who was also a key carrier (like... — read more 

by
| 2120 views | | 13 replies (last January 18, 2018)
Post ID: @OP+Rb0n5Ea

The Stores

We keep seeing double digital declines in same store sales. Why? And what the plan to fix that? Eddie didn't answer those questions in today's blog.

by
| 2910 views | | 21 replies (last January 12, 2018)
Post ID: @OP+RaldsCp

The end is near - really

Over/Under Memorial Day for BK? Take the under... https://www.cnbc.com/2018/01/10/sears-lands-additional-financing-even-as-holiday-sales-disappoint.html

by
| 1980 views | | 14 replies (last January 11, 2018)
Post ID: @OP+RaUEmEu

Check your pay

Your pay in MPI will reflect if you are being terminated. If there is a check # issued instead of your normal automatic deposit etc.... expect to be terminated. Good luck everyone

by
| 2670 views | | 15 replies (last January 12, 2018)
Post ID: @OP+RakF8nZ

Very nice article about the Sears store in Green Bay WI

This store has been in Green Bay since the early 60s. So sad to see it go. http://www.greenbaypressgazette.com/story/news/local/2018/01/08/how-green-bays-soon-close-sears-stored-shaped-one-espn-anchors-life/1012604001/

by
| 830 views | | 3 replies (last January 10, 2018)
Post ID: @OP+Rax9aow

Lands' End CEO Expects Sears Business to 'Go Away'

By PHIL WAHBA January 9, 2018 Add Lands’ End (LE, -0.80%)CEO Jerome Griffith to the list of people not banking on Sears’ future. The clothing maker, best known for its kids’ uniforms and outdoor clothing, plans to open as many as 60 of its own stores... — read more 

by
| 1060 views | | 5 replies (last January 11, 2018)
Post ID: @OP+Raogzo0

What’s the Verdict for Layoffs at Corporate?

Anybody know the “dooms date” here at Corporate? Since more stores are closing, layoffs at Hoffman are coming. After all it is end of fiscal year. Sigh. Such bitter air around here.

by
| 1291 views | | 2 replies (last January 10, 2018)
Post ID: @OP+R9O8J5S

Full Timers

Full time associates are done in this company and All assistant management gone as well. A package or take a pay cut. A big pay cut. Happening after meetings on Tuesday. Good luck to all the full timers and may luck be granted to the stores being run... — read more 

by
| 4330 views | | 33 replies (last February 1, 2018)
Post ID: @OP+R95dQTf

Sears CEO Eddie Lampert behind Kmart decimation

Most folks don’t know the name Eddie Lampert, unless they are a Sears or Kmart employee or retiree. Eddie started his career at Goldman Sachs, where he and his college roommate, Treasury Secretary Steve Mnuchin, learned how to extract cash from... — read more 

Amazon shipping for physical stores...

Nope, not target but an older retailer... https://seekingalpha.com/article/4136136-amazon-shopping-physical-stores-burnout-rise-phoenix-like

by
| 1050 views | | 7 replies (last January 10, 2018)
Post ID: @OP+R9IJWvE

I don't care if Sears survives. Hear me out please.

The talk about SYW, smaller stores, mattresses, appliances, etc. means nothing to me. I care about having a JOB. And YOU having a job. If you don't work for SYW or sell mattresses or sell appliances, the transformation isn't going to be good for you... — read more 

by
| 1680 views | | 17 replies (last January 11, 2018)
Post ID: @OP+R97snEW

Ap

Does anyone have any word on what’s gonna happen this year with AP?

by
| 1810 views | | 12 replies (last January 13, 2018)
Post ID: @OP+R9X950f

When will upper management feel some pain

I’m talking management above store manager With less and less stores to keep track of why isn’t the regional manager able to handle less stores and eliminate the district manager?

by
| 1630 views | | 11 replies (last January 10, 2018)
Post ID: @OP+R9OwTjL

Partial unemployment and ponzie scheme?

For off I work in in a distribution center. Does anyone else file partial unemployment because we never have 30 hrs let alone 40. I'm tired of hearing at town hall meetings that they take care of the old timers. I work with guys that have 20+ years... — read more 

by
| 1260 views | | 3 replies (last January 22, 2018)
Post ID: @OP+R9QMy5r

Zmap

Just love when your zmap texts you, but knows your off due to your schedule. Hopefully I get cut, so I can sue due to me being non-exempt. All AP be very scared, massive cuts coming

by
| 1050 views | | 8 replies (last January 9, 2018)
Post ID: @OP+R99UA0v

What would you do?

I’m nowhere near the retirement age as I am 53 years old... I have no pension or savings but worked for the company for 15 plus years. And I have only graduated high school.It’s scary with all these closing and I’m getting old. Should I hold on for... — read more 

by
| 1210 views | | 9 replies (last January 12, 2018)
Post ID: @OP+R8cgFRG

Transferring to a nearby Sears

Anybody knows if employees who are going to be affected by the announced closings will have any kind of advantage to fill possible openings at (relatively) nearby Sears stores? I don't mind commuting longer, and due to my current family situation, I... — read more 

by
| 1170 views | | 7 replies (last January 9, 2018)
Post ID: @OP+R82vSuB

Good Luck

I’m sending positive thoughts and energy to every single one of you!!! It’s hard not knowing wether you will continue to be employed. So many of us have worked our blood sweat and tears and depend on this company. If anything I know all of you in the... — read more 

by
| 762 views | | 1 reply (January 13, 2018)
Post ID: @OP+R835eob

Safe

How safe do you all feel from store closings? I feel like everything is a crap shoot.

2 Years Ago Tomorrow

Beware to all you remaining Sears employee 2 years ago tomorrow we lgot a visit from the DM to tell us our liquidation starts tomorrow, the liquidators showed up a couple hours later to start the process. The store manager found out the day before... — read more 

by
| 940 views | | 2 replies (last January 9, 2018)
Post ID: @OP+R8ksV4H

Profit? Are they making money?

Does sears actually make any profit? Everyone keeps saying they are in debt but surely they are not staying open to loose money! I

by
| 840 views | | 7 replies (last January 8, 2018)
Post ID: @OP+R8yckM2

Fighting like Hell

Sears/kmart is an iconic brand. By having less stores and focusing more on ecommerace there is hope! Don’t count the company out just yet!

Start a new thread - post a news comment, question or message:

: