1) Destroy (finally) the SOAR BU model, get down to TWO BU's = Hardlines and Softlines. 2) Eliminate all BU Presidents, DVP's, VP's, CMO's and 90% of corporate positions making over $100,000 / year 3) Merge Kmart and Sears regions/divisions 4) Sell... — read more
OMFG. Who is so insane as to believe Lampert will fix Sears all of a sudden? And if he knew how to fix it, WHY DIDN'T HE DO IT 10 YEARS AGO
https://www.bloomberg.com/news/articles/2017-02-10/sears-soars-on-plan-to-cut-debt-pension-burden-by-1-5-billion I sure hope that the managers of my 401Ks are not investing in this nonsense.
Death spiral
Things are only going to get worse. Bond insurers basicly sell insurance to protect stock holders in the event that a company defaults on their loans. That insurance has skyrocketed due to they give Sears Holdings a 50% chance of defaulting on their... — read more
5321 Update Does it Work and How?
Since the layoff board banned me and I switched to a rotational IP on a VPN and cleared out their tag I am back again. I'm sorry.LOL You folks have been doing a great job. I all seriousness, if we can call it such, I have to figure out what I could... — read more
We're Sorry
We really didn't have that in stock.
SHLD Stock Price Update-- Thursday, February 09, 2017
SHLD stock price update: Thursday, February 09, 2017: Start of trading day: $5.70 End of trading day: $5.54
Investors Reach 40 Million Settlement Over Seritage
http://finance.yahoo.com/news/investors-reach-40-mln-settlement-194145655.html
it will be the suppliers stopping shipping or demanding cash on
delivery that sinks sears/kmart. Given how precarious the cash flow is supliers demanding cod will kill them. Are any of you guys in the stores noticing suppliers stopping shipping or less goods arriving or empty store spaces?
Sad to Leave
I work in the pharmacy. I know all of my customers by name. We are always short staffed and the job is more stressful than the store manager realizes. I pull 10 hour shifts with no breaks and a 15 min lunch. No one knows anything about the pharmacy... — read more
Sears or Kmart
I know there are several of us that visit this page often, it has become part of my nightly ritual, I see many posts dividing us when the end reality is that we are in this together. But just for fun let's take a pole on who is Sears and who is... — read more
Technicians are leaving left and right
The moral is horrible with all the compliance stuff. The unbelievable demanding nature on sales. I've only been here for a couple of years and just can't believe how this company has lost total focus. Repairing customer appliances and making them... — read more
Kmart 605 associates
Service desk will be training to handle 605 responsibilities. Are they laying off 605 associates, or training them for other jobs?
System wide outage
Anyone know why everything is down again?
Restructuring
Anyone hear if there is any changes coming soon.
SHLD Stock Price Update-- Wednesday, February 08, 2017
SHLD stock price update: Wednesday, February 08, 2017: Start of trading day: $5.60 End of trading day: $5.73
Kenmore Alfie
Has anyone seen how desperate SHC is getting to unload the failed Alfie project devices. They are as of Sunday 2/5/2017 selling for $14.99 and you get $14.99 back in points making it free. Buy two for $14.99 and use them as a nice paperweight or a... — read more
I will not miss about working at Sears
My store will close in March 2016, I will not miss asking member/customer to apply for a Sears Credit Card. I will not miss asking for SYWR I will not miss Care Plans, I do like the money, but some of the jewelry is bad. GOS I will not miss bad... — read more
stock price is irrelevant.
Anyone who has a grasp on finances knows that the company has no chance to get out of debt and will be forced into bankruptcy. No one in their right mind would even buy the stock for a penny a share or for a fraction of a penny. The stock is... — read more
Today's Stock Price Makes Me Acutely Realize How Bad Things Really Are.
I feel l like I need my head examined to still be working at Sears. Granted I need the income obviously but it's getting more difficult to keep up the charade that this is normal employment. Everyday I have to tell myself to work like my company... — read more
SHLD Stock Price Update-- Tuesday, February 07, 2017
SHLD stock price update: Tuesday, February 07, 2017: Start of trading day: $6.48 End of trading day: $5.66
Another banner day for our stock! And customer service.
Hi, Eli here, another day , another 13.19% loss in value. However, with our new employee discount "enhancement" and simpleton thinking, we are sure to wow our customers and bounce back better than ever. We don't need to invest in our stores or... — read more
The squeeze.
You can tell Sears is getting very desperate. As a sales associate my goals for shop your way members has gone up the number of credit applications that I am required to obtain his got up at as well as the percentage of my PAs. How much more do you... — read more
We made it into a top 10! SHC makes it into the top 10 most evils companies in the USA
More here: http://www.insidermonkey.com/blog/10-most-evil-companies-in-the-us-532864/2/
Thank you layoff.com & all that post helpful info here
It's sad that I learn more about our company from strangers here on layoff.com than I do from my own leaders at SHC. Know that these boards are read my many in corporate and in the media, your voice is being heard so keep your insights coming. At the... — read more
Sears Class Action Suit
Everyone who has been Sr**wd by SHC should get a lawyer and start a class action suit. Call your local news outlet and labor board. Raise a stink no matter what. Keep a detailed set of notes and document everything that even remotely seems wrong... — read more
This is worth reading. It actually is someone's comment on another thread. But it is worthy of being its own post.
There is a special logic build into what we are trying to do. If you do not understand that then it is your fault as an employee not us in corporate who come up with the ideas that make your life harder and have no basis in store level reality. We... — read more
SHLD Stock Price Update-- Monday, February 6, 2017
SHLD stock price update: Monday, February 06, 2017: Start of trading day: $6.84 End of trading day: $6.52
SEARS KMART AP
Is kmart ap taking over sears ap or the other way around? What do these changes mean for store level ap?
from bad to worse- financial myth busting
so whats left. Assets circa 200 unencumbered stores- if sold at same price as seritage these are worth $2 billion kenmore and diehard - kenmore has double the sales of craftsmen, but half the net profit. No sales outside of sears to warrant a premium... — read more
Discount Card for Retirees
I started drawing my pension last November, after I was laid off in Feb. 2016. Today I tried to use my discount card, and it wouldn't work. Do I lose my discount when I start drawing my pension, or is this because of the changing of the discount to... — read more
KMART HAS ITS OWN LAYOFF PAGE
Do you know there's a SEPARATE page here for Kmart? I realize that Sears and Kmart are both owned by SHC, but what applies to Kmart doesn't necessarily (or even ordinarily) apply to Sears. It's getting irritating that people posting here are talking... — read more
5-3-2-1 Even the name is dumb
It's like the countdown to closure. Missing the number 4 makes it sound like Sears can't count correctly. No surprise there I guess. Has anyone thought about the $$$ spent on the buttons the employees have to wear, the signs & worst of all the pens?... — read more
Simple Store
From what I have read about simple store. I have not been on SHC payroll since 2014 since I was laid off due to my store closing. If I am correct simple store "lays off/fires" all full time employees except the HR Lead? How can someone run a back... — read more
2017 Second Round of Closures?
Has anyone heard of when the second round of closure announcements will be?
5321 promotion
I haven't had one person I have signed up for a Sears MasterCard in the last two days that has made a significant purchase (over 600.00) get the 2% back in points. That would be at least $12.00 on a $600.00 purchase. I had a guy spend 1100.00 and he... — read more
SHLD Stock Price Update Summary Jan 30, 2017- Feb 03, 2017
SHLD Stock Price Update Summary Jan 30, 2017- Feb 03, 2017: Start of trading week: $7.26 End of trading week: $6.88