I still work at a Sears store owned by Seritage. I have over 30 years in. I wonder about the pension plan if there is either type of bankruptcy. If I stay will I lose my pension, I am sure many others at Sears are also worried.
Any vendors not shipping product?
This weekend I visited all the area stores and I noticed certain products are low on inventory. In one Sears the Craftsman aisle was practically gone. At a K-Mart, the outdoor equipment (sporting goods, fishing, etc.) was almost empty. Pepsi products... — read more
Didn't have to be this way
Didn't have to be this way...Kmart and sears have a long history of good products and customer service, but unfortunately years of mismanagement and neglect have left a shell of what once was. It's actually very sad . I'm sure Richard sears, Alvah... — read more
Can someone explain to me how Eddie will make money if sears fails?
So lets see, Eddie has made 1.00 a year salary, plus loaned a lot of his money to SHC to keep it afloat in these tough times. If SHC fails, Which it will not, then Eddie collects pennies on the dollar of the money he generously loaned SHC. I am... — read more
Kmart Store Closings
Does anyone know if there are any Kmarts on the list of store closings they announced today?
One thing I do suspect is that Hayley Peterson is a reader of these boards. ;)
BI got that awful fast...just sayin. Sears is closing 20 more stores — here's the full list http://www.businessinsider.com/sears-is-closing-more-stores-2017-6
325
Its not even the end of June. Approximate number of Sears and Kmart stores announced to close just this year in now in the neighborhood of 325 between the US and Canada. Still think this turd is going to survive?
It's official, 59 Sears stores in Canada bite the dust
So much for holding onto hope. Fifty nine stores are closing, 2900 people are getting the boot. We knew this was coming the moment the company filed, but it is still not easy to process. Chatham, Cambridge, Dartmouth and Woodbridge are among those... — read more
June 22nd Store Closing Announcements
Please post your confirmed store closings today here. So far we have: Sarasota, Florida Roseville, Michigan Toledo, Ohio 17 others should have been informed at their morning member rallies.
Sarasota Florida Sears just shut down
The auto manager just told me he was just informed that they are closing July 29th.
Its official. Sears Canada Files
http://business.financialpost.com/news/sears-canada-trading-halted-this-morning-amid-reports-of-looming-creditor-protection/wcm/cbb1bef7-42e1-4f24-9c79-10b3ed7f2065 http://www.businessinsider.com/sears-canada-files-for-creditor-protection-2017-6... — read more
Cheese and mushrooms
Is anyone else enjoying the discussion about disliking cheese and mushrooms on Pebble lately?
Valuble Skills I have learned While working at Sears.
There are rumors that sears is going under. True Eddie is having to saw some dead logs out of the river, but there has never been a better opportunity to shine. Every great leader in the history of business has had to do things that they were not... — read more
The ceiling caved in today. How can we sell stuff when the store is collapsing?
Well I was working the tool register today and I had been told it was raining extremely heavy outside, I was ringing a customer out and there was a terrible crash, i thought someone had driven a car into the store or a display fell over or... — read more
Amazon and nothing else
Now Amazon is price matching anything and everybody. Sears couldn't compete then and won't compete now. The company is over folks. It was a good ride.
Next wave of layoffs and pension buyouts
Does anyone have inside info when the next wave of layoffs will be? Also has anyone heard of pension buyouts so Eddie can get out of his "pension obligations"? I heard they were going to start offering pension buyouts like they did back in 2009 I... — read more
This is why Sears is in the position they're in now!
Poor management at district and store level. This didn't just happen, when sears was actually making money management was poor and processes were broken but the revenue over powered the lack of quality management. DMs and SMs really thought it was... — read more
Sears Canada Prepares to Liquidate
https://www.bloomberg.com/news/articles/2017-06-20/sears-canada-is-said-to-seek-creditor-protection-in-coming-weeks
What is that smell?
Strange question, but every Kmart I have been in lately has a very distinctive, strong odor. It's kind of like a perfume/air freshener/deodorizer scent, unlike anything I have smelled elsewhere. It is in different sections of the store, but mostly... — read more
Temporary Store Closing....
http://www.chicagotribune.com/business/ct-sears-oakbrook-temporary-closing-0621-biz-20170620-story.html Odd that they are temporarily closing the store (for 9 months). Also note that apparel is not mentioned in the story as a remaining merchandise... — read more
Lots of vacancies and shifting around of Sears store managers...
My district has eight store manager vacancies out of 25-odd stores. Store manager positions don't exactly have the come-and-go type of turnover that other retail positions have, it should be a stable, well paying career for a longer term. I've... — read more
Sales vs Credit Card Apps
What kind of twilight zone do we live in. Down 20+ percent everyday and you never get a email or phone call about it. But god forbid you dont get a credit card app and its like the end of the world. You get non stop phone calls, emails, and have to... — read more
Is Eddie Laying off Minorities First?
Last week they let a colored guy go in our back room, there was another post on here that they shut the little ceasers which was mostly staffed by coloreds. I have also heard a rumor that our nearest Kmart also let go of a black lady. Its funny... — read more
AP hours cut again
Hours have been cut in RL2 and RL3 effective 7/2. Check with your APM.
sears summer blowout sale
Anyone on this post site in one of the 30 stores that have been doing the summer blowout sale? All we are doing is taking markdowns to match the prices in sears,com. Thankly it is over on June 24. Can anyone post how their store has done during these... — read more
Sears Canada Acknowledges Receipt of NASDAQ Letter Regarding Minimum Bid Price Requirement
The only reason Sears holdings isn't below the 1 dollar per share yet is that Eddie and Bruce keep buying it up to keep it afloat. TORONTO, June 16, 2017 /CNW/ - On June 13, 2017 Sears Canada Inc. ("Sears Canada" or the "Company") (TSX: SCC; NASDAQ:... — read more
Anyone On Here Work For Sears Other than Corporate, Sears Stores or Kmart Stores?
What part do you work at? Whats it like? Whats it like reading these boards?
No print circulars for Kmart
I'm in Florida. The Kmart I work in has not received printed circulars for over two months now. The store manager was told we are part of a test, but in conversations with people who work in other Kmarts throughout the country, I learned that the... — read more
Kmart
I just made a visit to my old Kmart store that I was laid off from in January, The store has gone down hill so fast. It is absolutely thrashed! The store manager walked away a few months and the DM was let go. It's probably the worst I have ever seen... — read more
Little Caesars
Our Kmart's Little Caesars was closed with no explanation last Monday. It was ordered by corporate to cut costs. We usually had one associate working it, sometimes two at peak times, and about half our associates had been trained to work in Caesars... — read more
Has anyone received the severence form yet to sign?
Has anyone that was effected by Tuesday's layoffs received there paperwork to sign yet? I was told it was supposed to come Friday but hasn't yet.
Had To Chuckle
There have been several posts on this board suggesting that Amazon should buy Sears. The reasoning is that Sears brick and mortar could compliment Amazon's internet business. Well, Amazon bought some brick and mortar, but it wasn't Sears! Better luck... — read more
Just wondering...what do you get paid? (Sears hourly store employees)
Name your position, how many years you've been with Sears and your hourly pay rate. Your general location (state or region) would be helpful too, since pay varies from state to state. Just don't be too specific obviously.
Sears Canada Hires Bankruptcy Advisory Firm. Another loss for Eddie
The shares of Toronto-based Sears Canada plunged as much as 50% early today, from very little to even less, to C$0.50 at the low point before recovering some and ending down 24% for the day at C$0.87, on its bumpy ride to zero. The company announced... — read more
What did you think about post-layoff company town halls?
Yesterday across the company townhall prep rallies were held with all asscoicates at head office, what did you think?
Important post
When Sears finally dies later this year, will you guys still please come here to the site and keep me company so I won't get lonely? This site used to help me pass time while I sat inside my office at Sears, then it kept me company while I drew... — read more
Severance Pay Laws: Does It Make Sense to Offer Severance Pay?
* A G E N E R A L A R T I C L E * Don't shoot the messenger In a majority of situations, severance pay laws do not require employers to offer severance packages to terminated employees -- but it could make sense to do so anyway. Some employers may... — read more
Sears has another liability that has not been highlighted....
As of At January 28, 2017, subsidiaries of Holdings had approximately 140,000 employees in the United States and U.S. territories. This employee count includes part-time employees. Let's assume that the AVERAGE TOTAL severance payout is $2500. If SHC... — read more