For the pension fund nor the long term debtors. He will sell off as much of the real estate to seritage and sell the brands prior to bankruptcy and have the opp losses swallow up as much of the cash raised before they go bankrupt. The business... — read more
Can anyone that works in Sears accounting speak on here about how bad it is?
Like I'm wondering how late are payments to vendors? How close to shutting down is Sears? How little do they have left in ability to make payments to vendors? Thanks
Crystal Ball.
Sears Holdings declares bankruptcy prior to end of calendar year 2017. Any asset with value (Kenmore Branding, Home Services, Etc.) sold at a low value compared to historical averages. Store format shifted to online (see Montgomery Wards model) with... — read more
401
Can you still withdraw money from your 401k?
Vendor issues
Vendor relations at this point have to be pathetic. Consumer cellular no longer advertises Sears as a vendor on TV... how low must a company go for a prepaid phone service to drop them from their advertisements? also take into account they continue... — read more
COMFIRMED: BANKRUPTCY QUARTER 3 2017
I recently had to transition away from my regional management job at Sears due to the company falling apart. I just heard from a 100% reliable source near the top that Sears will file for bankruptcy protection at some point during the 3rd quarter... — read more
Discrimination During Hiring Process
Does anyone know what steps are to file a complaint about being discriminated against during the hiring process? Manager refused to hire me due to my schedule and the fact that I have ADD which I disclosed during the hiring process. Also he claimed... — read more
"Remodeling"
I work at a Kmart in NJ. We have paper signs everywhere that we are "remodeling" the store. Other than bringing in some new mismatched shelves that don't match shelving in the rest of the store AND doing resets throughout the store, there's no effort... — read more
Alfie
I suppose they are going to give Alfie away now. They shipped 300 Alfies to our store today for a member event later in April. Unbelievable. They have to give that thing away.
This Is Fight Club Now
A long, long, time ago in 1999, someone made a movie called "Fight Club". Interesting movie. Then in 2009 some folks who know about finance made up a website that featured arguments between posters. It is a beautiful format to this day. That being... — read more
It's getting like Pebble on here
I've noticed that over the past few days, there is a rah rah rah poster who reminds me of what I read on pebble. That disingenuous enthusiasm is fine for a corporate site. Not my cup of tea but people feel the need to s--- up to the higher ups. Maybe... — read more
Realistically when do you see SHC going into bankruptcy?
I'm curious what the forum thinks as I hear a wide range here from July 8th to two years time to never!
Very good article with insite as to why Lampert and Berkowitz are gobbling up Sears stocks.
https://www.fool.com/investing/2017/03/29/sears-holdings-stock-soars-20-but-dont-be-fooled-b.aspx
Kfresh
Anyone from the Kmart side of corporate know how the kfresh program is doing? It actually seems like a descend attempt at competing. The store they remodeled in does plaines looks really impressive (which is a total shock lol)
Vendors for In homes services
Part vendors are reverting the accounts to pay upon receipt versus net 60 day. The technicians must use a credit card to purchase parts for the repair of the appliances. Basically, the vendors don't think Sears can/will pay for the parts in a timely... — read more
Data mining and Know Your Member
As appliance salespeople, we're required to enter customer information into this app every day. I now use the local obituaries as my starting point. Sick, I know, but I rather SHC flood a dead guy's email than someone who could get angry and never... — read more
Creditor musical chairs
No amount of stock purchases is going to save this company. Only positive earnings which will not happen. Eddie is positioning himself to be one of the first in line amongst the creditors.
The Kmart Bus
Making of the Kmart V.E.R.V. Bus Kmart had three goals in mind when it joined forces with West Coast Customs to create a first-of-its-kind virtual reality bus: 1) design a ridiculously awesome, out-of-this-world mobile experience; 2) make the... — read more
Sears to close Six Corners store in Chicago?
This store is close to my apartment and even though they're probably a high volume store compared to many, it didn't exactly look stocked up and expecting to stay open much longer. I didn't have many points to redeem, but wanted to cash out. It took... — read more
MCA and cashier positions
Does anyone still have seperate MCA and cashier positions?
Sears and Simon Mall?
Did Sears give back all of their Simon Mall Sear Stores? The Reit that they formed in the last couple of years. I heard something like that today. I know I am not wording it right? If you know anything please tell. Thanks,
Vendor issues
I heard Panasonic is no longer shipping to Sears. Working in appliances out vacuum shelves are empty. That makes sense
7 reasons Sears bankruptcy probably 2017 is near 100%
http://wallstreetexaminer.com/2017/03/7-reasons-sears-bankruptcy-probability-2017-near-100/
Look at the daily insider stock being purchased to FAKE the Sears stock numbers
http://www.nasdaq.com/symbol/shld/insider-trades
Eddie is set to make tons of cash in exchange for bankrupting Sears
TWEET SHARE Here’s How CEO Eddie Lampert Could Survive A Sears Bankruptcy Just FineIMAGE COURTESY OF NICHOLAS ECKHART March 23, 2017 3:59 pm EDT By Laura Northrup@lnorthrup Edward S. Lampert is the manifesto-writing chairman, CEO, and biggest... — read more
SHLD Stock Price Update -- Friday, March 24, 2017
SHLD Stock Price Update for Friday, March 24, 2017 Start of trading: $8.16 End of trading: $8.50 Mkt Cap (Stock Only): 934.75M
Anybody else hours get cut ???
From what I was told my store had to cut $7,000 in budget for the week. I'm pretty sure they're going to keep cutting until July 8th then they can give up on the whole operation.
Business Insider: Warranties will not continue after bankruptcy.
Try to explain this to your customers tomorrow after they read the article.
APM's
After cutting out so many APM's from Kmart and Sears.....they've opened up a ton of APM positions in both venues. Probably hiring back and reducing the rate of pay!
Notes From the SAC
As long as we are doing tribute songs to sears I might as well add one. https://www.youtube.com/watch?v=J3ZwiF88RkE Definately NOT "the softer side" of seared [sic}. Obviously I am auto. I have three bikes in my garage, two of which are Harleys. We... — read more
Sears to add one last song to store playlist
https://www.youtube.com/watch?v=mCEfqj9pDAI Its been a pleasure gentlemen.
Sears is on the brink of bankruptcy, but can somehow afford to add yet another executive
Title is Chief People Officer or something to that effect -- whatever that means. Eddie "introduced" her by emails sent company-wide. He might have said something on Pebble too. Another fat cat in this top-heavy organization. Towards the... — read more
What Share Prices Indicate
Share prices of any stock represent the price one private party is willing to pay another private entity for a share. Share price in no way indicates the underlying value or health of a company as the company has no access to funds from traded shares... — read more
Police: Man hides in Sears until closing, steals $830,000 worth of jewelry, gets caught
http://wjla.com/news/local/police-man-hides-in-sears-until-closing-steals-830000-worth-of-jewelry-gets-caught
How Sears CEO Lampert cashes in as stores cash out
http://www.usatoday.com/story/money/2017/03/22/sears-holdings-ceo-eddie-lampert/99487518/ This story is part of the series How Sears CEO Lampert cashes in as stores cash out Nathan Bomey , USA TODAY Published 1:39 p.m. ET March 22, 2017 | Updated... — read more
SHLD Stock Price Update -- Thursday, March 23, 2017
Start of trading: $8.03 End of trading: $8.19 Mkt Cap (Stock Only): 769.56M
Sears kit houses stand strong in Triangle with company on shaky foundation
RALEIGH, N.C. — Sears is one of America's most iconic companies, but after losing billions of dollars in recent years, the company said it may not survive much longer. For decades, Sears provided Americans not just with appliances and home... — read more