https://www.benzinga.com/pressreleases/17/06/n9679917/claims-on-behalf-of-the-401-k-plan-of-sears-holdings-corp-nasdaq-shld-a
No going away
Sears is not going away, it just needs to exist on a smaller level. The problem lies within the size of the buildings. They can shrink product levels all they want but shrinking a physical building poses a problem. The levels are not uncontrollably... — read more
Store Hours.
Did anyone heard about new store hours in Miami district?
Mattress vendor loss
Stop sales of all Beautyrest, Simmons and Sealy mattresses has been announced. Forgot to pay bill? What a loss in sales...
MORE CLOSINGS
Over 50 outlet and hometown stores closing between June 23 and July 23. 10 closed this tuesday, Where is the reporting ?
Its all about the properties....
everyone knows that Fast eddie is only in it for the real estate & personally I can't see FE throwing up to 140k peeps out of work but..... if he does, he will most likely then be angling for #1 position as the most despised person in the history of... — read more
Simple Store
The whole simple store process is a joke, more like disaster.. it's like shopping at big lots nothing is in order now. Don't know how we can cut more and stay open.. I was told to cut 200 a day on top of the 1500 already cut this week.. and they are... — read more
Would it not be a shame if Eddie gets screwed in the end
Check this out https://seekingalpha.com/article/4085017-supreme-court-case-major-impact-sears-holdings
There is nothing left to cut, and they keep asking asking for more
The whole simple store process is a joke, more like disaster.. it's like shopping at big lots nothing is in order now. Don't know how we can cut more and stay open.. I was told to cut 200 a day on top of the 1500 already cut this week.. and they are... — read more
Are buyouts still a possibility from sears ?
Does anyone have any information if buyouts still in the works ? Or are us old timers going to screwed out of our pension so Eddie Lambert can pad his wallet
Will be big the next 2 weeks
Big announcements coming. More cuts, changes and realignment. All part of our transformation to simplify and condense our teams to best take care of our members. Although we hate to see friends and colleagues go we must make these hard decisions. One... — read more
Sears Holdings Bankruptcy Imminent
https://seekingalpha.com/article/4084862-sears-holdings-bankruptcy-imminent
Unemployment being challenged
I just found out that Sears is challenging my unemployment claim. I called Illinois Dept of Employ Security and they said it was in reference to my severance pay. I asked IDES twice if it's Ok to claim UI as well as receiving severance and both times... — read more
Hours Cut
Did any other Kmart stores receive calls to cut hundreds of hours before the end of the week? DM called us, and wanted to cut $1,600 from our payroll... We're down to one supervisor in the evenings, HR covering as cash office, cut our pharmacy... — read more
Market Trainers Layoff
Here comes digital new hire welcomes. Market trainers to be layed off soon.
store manager jumping ship
Well it was announced yesterday that our Sears store manager is leaving this Friday to go to a different retail store chain. A surprise but not really, now they have to try and find someone else to take this job. How about other stores? Are managers... — read more
Print my own check
I got laid off this year after 24 years of service. If that wasn't bad enough I had to basically fire myself. I had to print my own package fax it and find my last pay check. I was a manager at sears for many years and was a dedicated employee I get... — read more
Slowest liquidation sale in history
Excellent article on Sears and where it is headed in the future. Spoiler alert, we are not marching towards prosperity. I think that the assessment that you-know-who will continue to sell off assets for as long as somebody is willing to buy them and... — read more
Stop The Madness, If you do your job there is nothing to worry about.
I have been getting layed off from sears for 10 years if you go by the naysayers, guess what? I am still here. Eddie has a lot of haters who make up stuff and many of them are here on this board. Believe me, Eddie is too stubborn to let sears fail... — read more
When are the cuts to the market teams?
Wondering when the cuts are happening to the market teams? There are too many chiefs and not enough Indians. Everyone has their own agenda and stores are struggling just to cover basic shifts. I've seen my managers even ringing on the registers... — read more
How do they determine who gets laid off?
I noticed on my severance paperwork that the form with my name, employee ID, etc was created on May 17, 2017...so apparently someone knew I was going to be laid off in a month late. I was also being given hints by my supervisor about having a backup... — read more
Sears Canada Elects to Dislist from Nasdaq
Sears Canada (SRSC) has been informed they will be delisted next Monday; unless they choose to appeal Nasda's decision. SRSC elected not to appeal. the decision.
Well, At Least We Weren't Rated Number One
Sears was rated the fifth worst company to work for. Sears Rating: 2.5 Pct. employees would recommend: 29% Employees: 140,000 Industry: Department stores Sears, once an American icon known for changing the way Americans shopped with its Sears... — read more
New article
This article just came out today. Interesting about how Edward Lampert has gone about delaying the bankruptcy declaration until after July 8th... — read more
A brief article on vendors
https://www.fool.com/investing/2017/06/24/are-sears-vendors-all-getting-ready-to-run.aspx It's not much to it - since it's just regurgitating stuff most everyone on here knows, but I felt it was worth posting.
Sears Toledo
Good bye - http://www.monroenews.com/news/20170626/sears-stores-closings-to-include-toledos-westgate
Now literally burning
http://www.dailytribune.com/general-news/20170626/fire-at-oakland-mall-sears-store-in-troy-is-confined-to-roof Guessing this one will be investigated as suspicious as it says contractors were actually working on a Sears store.
Signing Team at Corporate
Anyone have an honest answer to what is happening with our ad sets? I have been with this company a long time, and our signing has always been a bit of a mess. But in the last month or so, it's become an unworkable nightmare. No signs, wrong signs... — read more
Whatever happened to the annual employee survey?
Are they afraid to hear the truth, or they don't care to hear it? What about "embracing feedback"? It goes both ways. It's not like it really matters. When has this company ever listened to our feedback, whether positive or negative? It doesn't even... — read more
Sears Real Estate
Eddie has SHC real estate as collateral and inventory as collateral on the loan. This means that if SHC goes bankrupt Eddie gets the real estate and any money from the sale of what is left of the inventory. He will take whatever real estate he has as... — read more
Cuts are essential
Stores are empty. Empty from customers and empty from merchandise. Company will cut more and more to meets its 1.25 billion reduction. Unfortunetly these cuts were based on sales plans. Company needs to cut adtl 200 million
Market positions to be eliminated
50+ market position on the chopping block. Going back to Districts. 1 DM with 12-16 stores depending on volume. Maps redrawn. Will save big $$$$
What do you think will happen to Sears In Home Appliance Services
Currently work as a Service Tech. Our leaders tell us all is going to be fine as we are profitable but every day we see more and more leave. Got a great offer from a major competitor who has hired other techs who tell me to leave. I look at this... — read more
Sears Warranties after Bankruptcy
I have a question, not sure if you can help. I am not an employee but I was looking to buy an expensive appliance at Sears (nobody else can deliver it within 48 hours) - I'd like to buy a 5 year warranty but I am afraid that Sears may not be around... — read more
Amazing! More Layoffs
Just told from a friend in HR, more layoffs next week!!! Corporate to be hit hard. BU's such as KMart apparel, Grocery and Pharmacy! EL looking to sell all pharmacies immediately!!! Quick Cash!
Closings & Summer Blowout?
I wonder how many of the stores that were announced to be closed were ones that were having the summer blowout sale? If you were a closing store did you have a blowout sale? If you had a blowout sale is your store closing?
Closings yesterday
Does anybody know if the stores that were announced to be closed yesterday are all seritage properties?