Fort Worth, Texas-based Pier 1 announced that Chief Executive Officer Alasdair James has stepped down from the role. Longtime board member Cheryl Bachelder has been appointed to the position of interim ceo, effective immediately. James had been with... — read more
Would love to shop in store, unfortunately due to the distance that's not always possible
Get email saying spend $50 get $15 in points in store only. That's nice of them to do after they've closed 2000 Kmarts. The prices lately have been as high at Kmart as at closing stores. Everyone knows the liquidating stores are far more expensive to... — read more
The prices have been lacklustre ever since Thanksgiving
Is this how they reward their loyal customers at Kmart? By raising the prices the month before Christmas? You'd think this would be the time of year they'd take the opportunity to prove just how great their prices are. Why do spend $40 get $20 etc... — read more
Has Sears and Kmart sleighed the holiday season?
Or will it be another disaster. With 3 days left to get those shoppers in stores they should be getting creative or at least put on better sales The toy area looks the same as it did when set up back in October, but that's to be expected when place... — read more
are we sleighing the season or
Is it going to be another disaster? Already news stories are saying another 50-80 stores to be announced for closing at year end Doesn't sound promising
Do you care anymore?
I am so over this garbage.
Sears plans more store closures
https://www.cnbc.com/amp/2018/12/19/sears-plans-more-store-closures-as-challenges-mount-for-lampert-bid-.html
Court Filed Legal, Advisory, Administrative expenses to date
And a projected billing from SHLD MAIN legal team Total REAL Billing: $13,071,066.07 Total Billing DUE: $9,602,453.06 PROJECTED MAIN Legal team billings REAL: $9,346,986.98 DUE: $7,477,589.58 Actual due takes in to account the 20% holdbacks from... — read more
The “ do-or-die” holiday season is just a spin to keep the workers from juping ship
I really don’t see any possibility od Sears having a decent holiday season in the context of revenue, much less that it could reach these optimistically set targets. The last successful holiday season was, what, 4-5 years ago, and in that time Sears... — read more
layoffs loom, large-banks weigh funding deal to save sears
https://www.chicagobusiness.com/retail/layoffs-loom-large-banks-weigh-funding-deal-save-sears?utm_source=today-s-crain-s&utm_medium=email&utm_campaign=20181220&utm_content=article8-readmore (Bloomberg) — Bankers meeting to discuss financing for Sears... — read more
The kinds of leaders you choose to be
You can be the kind of leader that inspires loyalty and confidence in your subordinates, the kind that would lead them to follow to hell and back willingly. Or you can lead them to believe that you would stab them in the back and sell your own mother... — read more
Laid off before Christmas
This was the work feeling ever. The fact that superior management knew a week prior before telling us the day of is disgusting. Sears is going downhill no matter how many layoffs,
-19.7%
What a great start to the blowout sale
Merry Christmas Eddie!
"I profoundly believe that it takes a lot of practice to become a moral slob." William F. Buckley Jr.
Layoffs loom large as banks weigh funding deal to save Sears
(Bloomberg) — Bankers meeting to discuss financing for Sears Holdings Corp.’s impending bankruptcy erupted in disbelief when a headline crossed their smartphone screens. Its subject: them. A breaking news report said the bankers, gathered Oct. 11 at... — read more
State attorney general.
To all on this page. Google State Attorney General's phone number. Then leave a message that you want your state to look into trade actions by ESL, and Eddie Lampert. His lieutenants in both SHC, and SHOS. And all board of directors of these firms... — read more
Early start of blowout for January !!ugh
Today res and handwritten signs The sales were great on coats and gloves and scarves 60% off by why oh why do they think we need an res sign behind the blowout handwritten signs?? Talk about waste
Sale of Home Services
Does anybody know how Home Services will fit in with “service.com”? From my reading it looks like its just a matchmaking website for contractors and customers. Are they trying to have their own workers and fleet? Will Home Service employees be let go... — read more
SHLD Update
An article explaining the current situation with SHLD. https://www.cnn.com/2018/12/20/business/sears-future-holiday/index.html
Will Eddie be called to task for his dealings
This is a serious question. Will Eddie have to face a judge someday for stealing this company blind? For destroying an institution just to gain wealth for himself? Is what he is and has done legal? I thank you for any intelligent answer.
All SHC executives are worthless, lowlife pieces of sh!t
They have been personally profiting while running the company into the ground. Now they are s---ing every last cent they can before it all imploads.
Loyalty and longevity no longer exist in today's corporate environment
Lessons to be learned to the newest crop of employees Do your job to the best of your ability while keeping an eye on other opportunities and GRAB it when presented Loyalty and longevity no longer exist in todays corporate environment when it started... — read more
People are still receiving severance?
I thought severances were discontinued as soon as Chapter 11 was announced? Then I read this: "In a Tuesday filing with the Securities and Exchange Commission, Sears said it "expects to incur charges of approximately $443 million, including $81... — read more
End of the week, Sears still standing
The way this has been dragging on, I wouldn't be surprised if we are still months away from full resolution - one way or another.
NOW WHAT ?
Eddie not stalking horse , others interested in partial purchase of real estate , liquidators interested in joining bidding war . Repair departments closing , maintenance that cannot fix anything , only very few vendors returning . RDC Jacksonville... — read more
The end of the stalking horse bid is the final death of go forward
In case it wasn't readily obvious to anyone still stupid enough to be holding on to that
Sears looks for bidders who aren't Eddie Lampert
https://www.retaildive.com/news/sears-looks-for-bidders-who-arent-eddie-lampert/544775/ During a Tuesday hearing in the U.S. bankruptcy court in White Plains, New York, Sears Holdings announced it would forego selecting a lead bidder for the auction... — read more
Eddie not picked as stalking horse bidder
There is an article in WSJ today about Eddie not being picked as the stalking horse bidder. If you can access the article please paste it on this thread so we can read it.
Just so sad!!!!
This is just so sad. That the workers that run this company each and everyday get the shaft, while the ones that set this company up for failure get bonuses, oh yea don't forget the judge I'm sure he Probably got a bonus too. What amazes me is how... — read more
Layoffs
Does anyone know specifically which positions in Sears stores are going to get Eliminated? And when are these layoffs going to happen?
The End
All stores have massive discounts right now and the company is down 25% this week. Its over folks.
How widespread is this?
The fraudulent practice of selling appliances that will never be delivered to customers just so execs can hit sales bonus goals? After 2 months it's pretty obvious those Samsung and LG washers and dryers are never coming in.
Good-by SHIPs
SHC says good by to SHIPs Of course all the the layoffs today were under the BR so the new owner Service.com who got us at a fire-sale price 60M doesn't have to be the bad guy... they called it "ways to improve and optimize to the most efficient... — read more
Executives get bonuses because they are not another brick in the wall.
Stop crying and get over it. They are in a position that everyone had a chance to work at being in. Everyone makes their life choices. If you are just another brick in the wall so be it. Don't hate the people who did better than you. Move on or... — read more
While Sears executives get $25 million in bonuses, laid-off workers struggle during Christmastime
https://www.nbcnews.com/news/us-news/while-sears-executives-get-25-million-bonuses-laid-workers-struggle-n949446
Service
If they keep slapping all the additional duties on us cause there closing departments around us then I'm asking for another raise.. Center of excellence slowly shutting down. Parts Dept no longer open. Today Sears beloved tech hub went down nation... — read more
While Sears execs are enjoying their bonuses laid off workers are trying to make ends meet
I know this”bonuses situation” has been brought up a few times on this board, but I couldn't resist posting this good articlče that pinpoints the paradox of the whole situation a captures the worker side of the story. Cutting severance to pay the... — read more
At least stealthy closings of stores have stopped
Silver linings, right?