Topics regarding layoffs at Sears

Topics regarding layoffs at Sears

LIST OF EARLY 2017 STORE CLOSINGS

Let's try to get a list of closing stores. Reply with only the name and city, state of the store. Try not to repeat so we have a nice list.

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| 1650 views | | 13 replies (last December 28, 2016)
Post ID: @OP+L48q2IO

Consolidation Options With Manager On Vacation.

I the MOD of the AC for a while now as the regular manager is taking as much vacation. I have been a manager before and sometimes you don't ask permission. I have new employees to keep busy and I have empty shelves that will never be restocked. I was... — read more 

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| 791 views | | 2 replies (last December 29, 2016)
Post ID: @OP+L4QpATX

New Store Closings

If anyone can confirm any of the stores on the new closing list, please share with us. Corporate wants to keep it hidden from the media. Everyone needs to know what Eddie is doing to the company.

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| 1290 views | | 16 replies (last December 29, 2016)
Post ID: @OP+L4IKDPu

I finally got out!!!

I just had my last day at sears after putting in my two weeks notice. I am so happy to be done there. I have never seen a company run by so many incompetent people in my life. If they would just listen to and trust their managers and give them a... — read more 

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| 1040 views | | 5 replies (last January 1, 2017)
Post ID: @OP+L3p5btU

New Closure Announcement for Kmarts

30 stores were on the closure list put out today....18 in the Southeast region. This list was too small so there must be another one coming........

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| 1260 views | | 10 replies (last December 28, 2016)
Post ID: @OP+L3hmbNs

Stock in a free fall.

Does anyone know the next support level for the stock? It seemed to have had resistance at 11.00 for a while then weeks later it bounced off 10.00. Now it has fallen well past the 1 bil cap mark at 9.34, down to 8.40. It amazes me that 80% owned by... — read more 

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| 1300 views | | 8 replies (last December 28, 2016)
Post ID: @OP+L3la4g5

Next Up for Pensions: PBGC Trigger Events for Springing Liens

Also under the Definitive Agreement, the Relevant Subsidiaries have granted PBGC a springing lien on the ring-fenced assets, which lien will be triggered only by (a) failure to make required contributions to the Company’s pension plan (the “Plan”)... — read more 

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| 952 views | | no replies yet
Post ID: @OP+L0wYZNG

Are the DC's running out of merchandise?

We received word yesterday that our store would probably go a few weeks in January with no DC deliveries. We normally receive at least 2 per week, 3 during peak seasons.

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| 1123 views | | 3 replies (last December 25, 2016)
Post ID: @OP+L0IBpV3

NOW I believe it is all done and over with

today was the worst ever. Tomorrow will be a repeat. One person on the floor, the whole store. It's good to know it is the end. It is really, really good. (as Barry White said) 'I mean, when you think about it, isn't it really, really good?' Let's... — read more 

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| 926 views | | no replies yet
Post ID: @OP+L0OUmHa

The Trigger calc's - Dodged the bullet today

(f) Company’s Market Capitalization. The “Company’s Market Capitalization” means and shall be determined in the following order of priority as of the relevant date of determination: (1) First, so long as the Specified Shareholders beneficially own or... — read more 

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| 634 views | | no replies yet
Post ID: @OP+KYaphFz

Sears hoping to shed 104,000 s.f. in Park Place on Broadway in NYC

"before Park Place was developed, the Sears building on Broadway has a basement that was, at one time, available as a fallout shelter" What a co inky dink - it doesn't need to be re-purposed as the company comes crashing down

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| 494 views | | no replies yet
Post ID: @OP+KYRynf1

It's a Sunshine Day

Off to Sears again for another ten hour shift. Life can't get any better, Probably should stop in at the liquor store on the way. https://www.youtube.com/watch?v=s5GZRnJTO5E ZHD

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| 530 views | | 1 reply (December 24, 2016)
Post ID: @OP+KYfXxGF

Welcome To Sears... We're Sorry.

Restock came today for the auto center. It took two of us three or four minutes to restock the shelves with the bounty. It took that long because there was a phone call from a member asking if we had something in stock yet. Of course not. "We're... — read more 

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| 790 views | | no replies yet
Post ID: @OP+KYP8Grt

Can QMT's Still Buy From Grainger?

I was wondering if the QMT's can still buy from Grainger? When I was a QMT we had our own id and could go online and purchase needed supplies for building repairs and they would be sent to the store. We would buy supplies almost daily. I do know that... — read more 

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| 850 views | | 4 replies (last December 22, 2016)
Post ID: @OP+KYDNGaP

Sad

Sorry but this makes me sad started in 77 and the goal was to satisfy the customer (not members) and felt good when their problem was resolved! Now its all about metrics ,wheather they are true or not!!!

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| 741 views | | 4 replies (last December 25, 2016)
Post ID: @OP+KXtND8B

CLOSE BELOW $10

Closed below $10 today at $9.89 - .18

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| 544 views | | 1 reply (December 22, 2016)
Post ID: @OP+KXlD9Ky

Inbound orders cancelled at DC?

I work at one of the Kmart DC 's, was told today that many inbound loads for January have been cancelled. We are the slowest I have seen it in 30 years at the warehouse. We are at 47 % capacity. Building is more than half empty. The last 3 weeks we... — read more 

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| 1090 views | | 6 replies (last December 24, 2016)
Post ID: @OP+KX2BAux

What's really going on at the Corporate Headquarters?

I would like to hear from someone on the corporate level. Is the company in a panic mode? Will Sears declare BK in the near future? Will there be store closures coming up in 2017. Does Mr Lampert care about the employees? I work in the stores, and we... — read more 

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| 1470 views | | 10 replies (last December 24, 2016)
Post ID: @OP+KXEQiru

???

I work for sears and every morning I wake up with a sore @$$hole. What does it mean?

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| 810 views | | 8 replies (last December 22, 2016)
Post ID: @OP+KXhAK6v

Wowie Wowie 20% off

20 percent off for Sears.com "members" - 4 days before Xmas - that ought to really pull in the crowds

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| 760 views | | 2 replies (last December 20, 2016)
Post ID: @OP+KWmrT1q

Stock about to trigger the PCBG.

So the stock almost ended below $10 today. It's likely the drop tomorrow would push market cap to below 1 billion. That should trigger the PCBG into seizing ring fenced assets to protect the interests of the pension company. Here we go. Unless Eddie... — read more 

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| 1240 views | | 6 replies (last December 22, 2016)
Post ID: @OP+KVWYyvf

elbow grease will not save us

my mothers youngest brother was in wwII and he had a solution to every problem. Elbow grease. I have lived by that and have found that no amount of elbow grease will save SHC now. It can not be done. I need to get past thinking about doing things the... — read more 

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| 900 views | | 3 replies (last December 20, 2016)
Post ID: @OP+KVTgqK5

Foolish Strategies

All you have to do to save Sears is sell every oil change customer 4 tires, a brake job, a satellite radio subscription, an alignment, a diehard battery, and maintenance programs for all of the above. Do this consistently with 90% of the customers... — read more 

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| 940 views | | 3 replies (last December 20, 2016)
Post ID: @OP+KUppvYn

Time until cash balances and credit facility reach zero.

I decided to do some simple math using two cash burn rates ( 5 million and 8 million per day) to see how long until SHLD is bankrupt. I used 3rd quarter statements to calculate on hands and extrapolated from October 29th 2016 until now. Assuming a 5... — read more 

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| 1390 views | | 17 replies (last December 21, 2016)
Post ID: @OP+KUXOF3R

Warning Signs Of Company Going Bankrupt

The Warning Signs of Bankruptcy: What Creditors Should be Watching For Originally published: February 2014 Data from The Administrative Office of the U.S. Courts indicates that the overall number of bankruptcy filings have declined over the past few... — read more 

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| 737 views | | no replies yet
Post ID: @OP+KUyJh2e

Training cancelled

Two weeks ago we were told that training for the new Die Hard Edge Maintenance programs was mandatory and had to be completed before year end. These webinars also had to be done either before or after our shift. No classes were even available during... — read more 

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| 1240 views | | 4 replies (last December 20, 2016)
Post ID: @OP+KUfvBTU

Guess what?

Your fired! Go get a real job!

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| 670 views | | 2 replies (last December 18, 2016)
Post ID: @OP+KUEzwil

Sears can't survive beyond second quarter here's why

Loss in 4th quarter should reach $1 billion plus The loss will swallow up the rest of the revolving credit facility and the cash at hand Eddies hedge fund is tapped out and cannot lend enough money to make a difference Any proceeds from kcd go... — read more 

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| 1530 views | | 16 replies (last December 20, 2016)
Post ID: @OP+KTjHZ9D

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