I don't believe Bankruptcy is going to happen for SHLD - rather an accelerated liquidation of all properties of value with the goal to have it done by mid 2018. The remaining Sears stores will all be turned into an enhanced version of the Hometown... — read more 

What percentage of employees are left after changing to a simple store format? is the payroll expense significantly lower?

the company burns around $1.5 billion of actual cash a year - it has with the real estate left, sears auto centres, kenmore, diehard, home services around $3 nillion in assets. Now the killer is the debt repayment due in oct 2018. but for those on... — read more 

How long will it be after they shut a p card off till they announce that they shut your doors? I was told that the card would be in good working order in the beginning of the month. My idea is that it wont and I will be out of a job.

Manufactures warranty latest way that Sears is trying to get all business out of the stores into online. They are doing a test starting Monday for one week if you by any Kenmore washer or dryer online you will receive a three year manufacturers... — read more 

We were told this week that our pharmacy will be closing in 2 weeks. This make me think we are on the next closing list. Was anyone else told that their pharmacy is closing?

As others working at supposedly leading stores have posted, I'd hate to see how desolate the lower 3/4 of stores have become; including both associates and customers ... er, excuse me, members. (Sorry, Mr. Lampert, your royal highness). Our store now... — read more 

Since February our DM and the head of AP has been to our store once a week. They have really pushing to get everything out the stockroom to the floor. Everyday the DM wants picture of the stockroom. I'm to the point where I feel like their either... — read more 

This is my last checked, that I actually worked at Sears. I can no longer get into 88Sears, to view my pay check to make sure everything is OK. I am still owed vacation time. I can view my 401(k) had to change the passcode. Will they mail me a paper... — read more 

So for those of you who are refusing to accept the ship is sinking... Sears took their name off of the new 5321 MasterCard for a reason. Your DM's and SM's are pushing those sign-ups for a reason. If Sears is going to file BK soon, and they started... — read more 

Gave my 2 week notice. My manager is on vacation and I was told to fill out a form. It took me a few minutes to find the box for relocation among all the options listed. I am scheduled for 20 hours next week, a joke compared to the hours I got a year... — read more 

Unemployment insurance goes by your income for the last 4 quarters. Sears pays taxes, based on how much employees pay into the fund. If you lose your cool and storm out of Sears, they have a reason not to give you the insurance.

A coworker who was at the morning meeting advised me on the way to the restroom that there is now a broom and dustpan in the restrooms becouse the cleaning staff has either been reduced or cut and associates are responsible for keeping the restrooms... — read more 

Has anyone heard about any new store closings?

Of all postings, I've not seen the topic of the "grand settlement" made by the Sears CEO in early 2017. That out-of-court settlement, which has been published and is a matter of public record, involved $40 million dollars. It essentially settled (in... — read more 

Store teams on the FLS side are being instructed to reduce payroll dedicated to most tasks by 50% temporarily for the last 2 weeks of April. This will affect MCAs, Cashiers, the Backroom Team, and others. They want to make the financials look better... — read more 

Keller Rohrback L.L.P. Investigates Sears and Kmart Employee Retirement Plan April 10, 2017 06:00 AM Eastern Daylight Time SEATTLE--(BUSINESS WIRE)--Attorney Advertising. Keller Rohrback L.L.P. is investigating possible significant losses resulting... — read more 

I walked through a Sears store for the first time in a year. Massive amount of exercise equipment on display. Close to 1/3 of the first floor was mattress displays. More floor space devoted to mattresses than mattress-only retailers. I'd say 1/2 the... — read more 

So it all started yesterday when the auto center manager asked me, the AACM, to reprice the shelves because we hadn't done so since December. In December, I had taken it upon myself to learn how to it and asked FLS for help. There used to be a guy... — read more 

Every single time I ask for a couple of days off, I get told "no". I have never asked for time off in the year I've been at Sears (until recently), never called out or even showed up late. Every time I ask for time off I be sure to do it at least two... — read more 

Liquidation starts tomorrow

Check this out - it's a story dealing with a Total Number of Store Closures in 2017: Is retail in trouble? The answer certainly varies depending on who you ask and how they define retail. According to a Bloomberg report, there could be more than... — read more 

A few days ago a couple people were in receiving taking all shelving down and putting it on pallets. i heard someone saying it was to make it easier for the liquidator. Dont know if its true but this store is horrible. Except for the beginning of the... — read more 

Good luck to all of those affected

Lets see how accurately we can predict things

Why? Why? It irks me, why do we do it...

It reminds me of not having a lot of money growing up and we shopped at sears for clothes because we couldn't afford the expensive stores like macy's. There is a feeling like a sadness for the working families that are losing another source of decent... — read more 

I sold appliances for 11 years, but no longer. A guy came in today looking for appliances for a fourplex apartment he's renovating. Range, French door fridge, dishwasher, microhood times four. Nice stuff too...Mid-range Kenmore. He didn't want the... — read more 

http://www.mytotalretail.com/article/pier-1-imports-names-former-kmart-exec-as-ceo/ I would be interested in anyone's thoughts on this. There are many articles on this move most mentioning Pier One trying to up their online presence.

I don't know the fullest totals but about 200 of us were laid off in India. I'm sure people in the USA will not care but we did still work with you as family. I wish you the very best.

Our store manager pulled two associates at a time to his office to show a video from Hoffman Estates, with John Moore (a VP of Sears) explaining away the media's reporting of Sears' pending demise and how we are "trying" (after countless quarters of... — read more 

Sell those warranties!!!.....and hope your customer hasn't seen this! http://www.businessinsider.com/sears-warranties-could-be-dissolved-in-bankruptcy-2017-3 Or this one:... — read more 

Tomorrow is my last day at Sears. It has been my home away from home for the last 18 years. My store was closed down on March 26th. We stayed longer to get the place ready for the owners. I am excited to start something new in life. I will take my... — read more 

Slowly it disintegrates.

Buyer beware in Kmart stores that are holding liquidation sales. The stores are still pushing Smart Plans on anything electrical, grills, automotive, sporting goods, power tools, power lawn and garden. Only problem is the Smart Plan will not be... — read more 

I was one of maybe 5 customers in the store. (Saturday Afternoon) It took 17 minutes to check out. Cash registered looked like my old Commodore Vic 20 from the 80's. Cashier could not get the door to open, had to get help. Visa machine would not take... — read more 

99.999999999% of the people who post in this forum have no idea what's really happening and what's going to happen with sears. I see people posting about the insider info they probably heard from some who heard from someone who read it on the... — read more