Well, now that SHC is private, I’m sure all the employees will stay on board for the new company that values employees with raises, work life balance, great inexpensive benefits, 401 match, a pension, stock options, incentive bonuses, employee... — read more 

Any idea what departments/BUs are getting affected by layoffs this week?

From the Kmart side there are many long term executives that have been complacent and operating like it’s still the 70’s and 80’s. These are the people that helped or should I say did nothing while this company was ran into the ground. We need fresh... — read more 

See that a lot of people are in a good mood due to the probable outcome that Eddie's bid will be approved. Think that there is little cause for celebration. The only one that benefits from this situation is Eddie himself. My take is that this just... — read more 

What happens to us?

And only up to 45k jobs for now, more stores to be announce d soon for closing. https://www.google.com/amp/s/www.foxbusiness.com/retail/saved-by-the-5b-bid-sears-to-stay-open.amp

Judge needs to approve it and creditors are not backing up Eddie. So if they decided not to support him then Eddie needs to come up with more money somehow.

You would think Sears would be liquidated , and the stock market adjusted with interest rates on the rise and businesses failing , but , no one can predict the future ! I do hope the future has green grass and high tides forever for us all !

Escape this sinking ship while you still can

After Losing $12B in 8 years, their thesis is that after being the most incompetent retailer in the history of retailers, Eddie is suddenly going to turn a new leaf, and transform Sears from a company that can lose $2B in 9 months and even had had to... — read more 

Well you guys to get keep your sad; mediocre jobs for maybe another year or less. You get to work at your dilapidated; disgusting and decaying stores. Where you won't have anything that your customers will want, SM and ASM that will do nothing. And... — read more 

Eddie can lose a few more creditor billions. Tens of thousands can be slowly laid off. Vendors can continue to wait months for their payments that aren't coming. Governments can wait for their unpaid taxes. Buildings can continue degrading. Customers... — read more 

Anyone still stupid enough to ship us product?

Go forward is a go! Man, that must piss off all the haters. Go ahead, thumb me down if it makes you feel better. You were wrong, people who believe in Sears were right. You lose!

We have 5 billion chances to make this a success. Do your best to sell merchandise, add-ons, the rewards program, and whatever else generates revenue. Some shelves look bare ? Arrange the merchandise to give them a better look. Store dirty ? Help... — read more 

Why would any judge allow for this charade to continue? It's like giving an elephant who came into a glass store and crushed everything a glue tube and asking it to put it back together. Yes, that's going to work out really, really well. Now we can... — read more 

425 stores divided by 2 brands, dilapidated buildings, broken infrastructure, vendors that have been burned, customers that have been turned off, tremendous cash burn, ect,ect. All this equates to is "Liquidate Your Way" for Eddie!

We still have no idea what Eddie's real plans for Sears are. This might have given us a reprieve for a few months, but we all know he didn't save a company with astronomical losses each month out of the goodness of his heart. All we can do now is the... — read more 

The agreement, reached in the wee hours of Wednesday, caps two days of discussions behind closed doors in New York to determine whether Sears would be worth more dead or alive. Sticking points during the talks had included whether Sears Chairman... — read more 

Eddie Lampert won a bankruptcy auction for Sears with a plan that will keep the bankrupt retailer in business and seek to save tens of thousands of jobs, according to a person with knowledge of the discussions. Lampert’s bid prevailed over competing... — read more 

Actual news from an actual source. I don't see why it wouldn't get approved since the judge seemed to be pushing in this direction anyway.

Remember that Mr. Lampert

Does anyone remember the deal of 15% royalty on craftsman sales when Sears sold the craftsman brand, and is this part of the sale that everyone is bidding on? If this is part of the bid for Sears, there is still 12 years left of that royalty and... — read more 

All the haters need to focus on yourself and your new job that you claim you have. Stop posting fake news and made up headlines. Do you really have nothing better to do?

Service.com just backed out of offer for SHIPs. Home Services is not going to be bought and will close down with the rest of Sears

Sears chairman's takeover proposal faces moment of truth Jessica DiNapoli, Mike Spector NEW YORK, Jan 15 (Reuters) - Negotiations between Sears Holdings Corp Chairman Eddie Lampert and the bankrupt U.S. department store operator approached a... — read more 

His bid and arguments have nothing to do with jobs. Liquidation was always the intended outcome - but the bidding is over who gets to control it. Our jobs are only important to Eddie as long as they can be leveraged against competing bidders for... — read more 

It's over Eddie got a deal to go forward with Sears. Eddie won!! No liquidation!! Fox news.

Sounds to me like the sticking point is he doesn't want to be sued! Since he took this company over he's pulled some pretty shady sounding deals. The employees are questioning how his company can lend money to the company from his own company. Oh and... — read more 

I have to say that I thought for a long time that this will be over much sooner and that liquidation was the only outcome possible, but with everything that’s playing out, it looks to me that bankruptcy proceedings will not be over soon. I can’t tell... — read more 

https://www.chicagotribune.com/business/ct-biz-sears-bankruptcy-bid-talks-update-20190115-story.html Sears Chairman Edward Lampert is expected to present a new bid for Sears on Tuesday as talks to save the bankrupt retailer from liquidation continue... — read more 

He'll most likely get another impossible extension or another way out again before "the last minute" deadline tomorrow 1/16, it's all publicity to make it seem better. But the undeniable fact is: you can't polish a turd. Speed this up already, I want... — read more 

I don’t know how he comes up with 68,000 jobs he is saving. If other stores are like mine we only have 55 associates working here, X 425 = 23,375 employees at stores still open. Bankruptcy committee, please do us all a favor and quit haggling with... — read more 

I work for the longtime struggling store, and I just quit today! I had 22 years, but it seems my dream of making it to 25 is now over. Guess what too, I DON'T CARE!! I started out being treated like I was a favorite employee, then the last 5 to 10 or... — read more 

My best guess is that one of the reasons bidders are not showing interest in the Kenmore line is that they operate off a stripped cost structure. If you have access to Kenmore landed costs, you will see that their landed costs are substantially less... — read more