Stuff warming the shelves is just money getting lost on a daily basis. You want your inventory turnover to be as high as possible so you can use the profits to invest it in more profit making activity. It's why Apple is Apple and Sears is Sears. As a... — read more
Severance
Is anyone still getting severance?
Eddie is so desperate he's giving everything away for free to avoid bankruptcy
Buy $250 and earn $250 cashback. And we're still not making good numbers! This is obviously to bring in "sales" so he can show the bankruptcy judge "see? holiday sales are great!". Such transparent BS. Can you imagine how insane any other store would... — read more
Docket 864 ... Simply stated
If the DIP ABL Facility and the Junior DIP financing are not approved, the Debtors will be forced to immediately liquidate at fire sale prices and tens of thousands of jobs will be lost. This is where Fast Eddie comes in and opens his fat wallet
Just curious if someone actually types all those bankruptcy documents on prime clerk or
Are they just scanning documents that are presented (Pre typed) However they do it there are some good typing skills on display
Cyber Monday will save the day!!!
Any projections on how many web orders your store will get? Is cyber Monday just an e tension of Black Thursday Friday or are the deals even better?
Sears is a ghost town
I just returned from a six-hour Black Friday mall tour at a large, busy and successful mall in Central Ohio. Took my niece shopping as a birthday gift, we were there from 3pm-9pm or so. Mall was packed to the gills, even that late on Black Friday... — read more
http://evonomics.com/the-ceo-of-sears-jon-haidt/
http://evonomics.com/the-ceo-of-sears-jon-haidt/
Sears: Complete Retail Fail
Average Inventory Processing Period of Different Retailers (how long does stuff stay in inventory) Apple: 12 days Amazon: 33 days Walmart: 43 days Costco: 55 days Best Buy: 60 days Target: 64 days Home Depot: 73 days Dollar Tree: 77 days Dollar... — read more
Web orders may be "up" but it will not save the stores
This season's consumer behavior is demonstrating that, to an extent, consumers are willing to shop online at both formats (Sears and Kmart). However, consumers are demonstrating that they still prefer not to shop in the stores, which is a problem... — read more
MasterCard is saying that BF Sales are up 9% for the US as a whole this year
Both in store and and online sales are up. Gen Z and Millennials are even visiting the mall. Sales are especially being driven by electronics, computers, TVs, video games, toys, and other stuff you won't find in our BF ads.
Before it hit 7 a.m. Thanksgiving morning, there were already 200 online orders waiting.
KENNETH CITY — The fluorescent-red glow from Tampa Bay's last Kmart lit up the empty sidewalk. For a half-hour, the only car-door slams came from store workers before they sleepily dragged their feet across the parking lot and knocked on the sliding... — read more
SHC Associates Share Their Holiday Spirit
Each year around this time at Sears Holdings’ Hoffman Estates, Illinois, headquarters, associates are invited to record a message for our hard-working store and field associates. This year, associates captured the spirit of the holidays through song... — read more
Sears on Black Friday: Stocked shelves and sentimental customers
Lauren Zumbach, Lisa Schencker and Ally MarottiContact Reporters Chicago Tribune Sales on Thanksgiving and Black Friday showed consumers are eager to open their wallets this holiday season. The question is how many are willing to open them for Sears... — read more
Think about this
For every Billion Sears lost each year since 2012, Sertage made $500 MILLION in pure profit. Think Eddie cares about you? HAHAHA
Sears ruined us
My husband is a 47 year Sears employee. He was retiring THIS MONTH. He was scheduled to receive his LUMP SUM pension. NO MORE. They pulled ALL unprocessed pension payouts. We were promised numerous times in writing that everything was fine. Now? $600... — read more
Black Friday for Sears has become a 'ghost town' as it tries to make it through to another holiday season
The inside of Sears at the Galleria White Plains mall on Black Friday looked mostly the same as it has for the past few years. Yellow tags highlighted doorbuster sales. Rows of washers and dryers stood gleaming. Sparkling Christmas ornaments were on... — read more
Sears is sleeping
https://twitter.com/sjhendrix06/status/1065549344479346688 hahaha
11 Stores in Illinois that are among 505 put up for sale
If someone hasn't seen the list of 505 stores that Sears announced are being put up for sale, this article contains the list of Illinois stores that are being affected. Apparently, 11 Illinois stores are on this list and at this point, I hope they... — read more
Eddie's been liquidating Sears for 13 years now
A reply that is too good to not stand on its own. I hope @Whx3CAD-giq does not mind. Eddie wants his companies to acquire the stores so he can liquidate it on his own terms instead of having the creditors liquidate on theirs. He's basically been... — read more
Sears Nashua,NH
Just left my shift and it’s very busy, lines 10 deep at every checkout.
Eddie: We don’t need more customers. We have all the customers we could possibly want
“We don’t need more customers. We have all the customers we could possibly want,” Lampert told shareholders at the Sears annual meeting on Wednesday, speaking of the Shop Your Way program. His comments were confirmed by a Sears spokesman. “Every time... — read more
What happens to the sold store?
I'm sorry if this is a stupid question, but what happens to a store once it's been sold? What does it mean it's been put up for sale in the first place? Are we talking about the property itself being up for sale and the store closing once the sale... — read more
Word From the War Room
Any word if Sears continued the pathetic tradition of the "War Room"? You know.....that roomful of feckless executive in Hoffman that sit together on Thanksgiving to "resolve" Thanksgiving/ Black Friday issues live as they occur. The 8 years I manned... — read more
Deadlines - December 5th we'll know if anyone wants this turd or pieces of the turd
Timeline - Milestones *Dec. 5 Deadline for indicative bids, including both going concern and liquidation bids for target businesses *Dec. 15 Deadline to designate Stalking Horse Bidder for Retail NewCo *Dec. 28 Deadline to submit definitive bids... — read more
Any one know how sales totals are looking
Just curious if Thursday was the best in sales At our meeting before store opened I noticed management is still pushing For shop your way and PAs
Severance info?
They are paying severance to those who are full time in management and full time regular employees. Part time never did get severance and will not get severance now. Full time management positions will now get up to 10 weeks. One week for every year... — read more
Actually came near our goal
I'm actually shocked that we made enough sales on Thanksgiving to come within twenty percent of our goal. I'll be honest, I thought we would maybe hit the half mark but that's it. We'll see how today goes before I start celebrating, though. How did... — read more
The sad truth
There was a time where Sears did pretty well on Thanksgiving/Black Friday, and it wasn't that long ago. For my specific store our last "good" Black Friday was in 2014 before CE began to get neglected and eventually phased out by corporate. Our store... — read more
List of 504 Stores for Sale
What does it mean if your store isn't on the list?
Sears announces the list of 504 stores that are up for sale
The plan for selling assets is looking more and more clear, as Sears filed a list of 504 stores that are up for sale. This doesn't necessarily mean that these stores are safe from liquidation, only that the company considers them an asset that they... — read more
Why is Sears overcharging for Kmart merchandise?
Since last fall, I've noticed the declining quality of our store brand apparel. It's reached it's lowest point: for those not paying attention the vast majority of softlines products Sears sells are simply rebranded from Kmart. Some items have come... — read more
Apparently new Price Protection policy
I've talked to two support people over the .com chat today, and apparently there's a new price Protection policy: orders that have earned more than base points can't be adjusted. Ergo, associates in the points program can't do price adjustments, at... — read more
My store for Thanksgiving Day for people that worked
Did absolutely nothing!! When I asked about it I was told they are doing tomorrow! Well gee thanks I don’t work tomorrow and Thanksgiving is not tomorrow
Nostalgia of BF past @ walmart
Store FULL of customers, Full of merchandise, all kinds of associates all over the store. Meanwhile sears is less than a mere shadow of a shadow of its former self
How many people where in your store today (Thanksgiving)?
Not many in our store when I left at 4 pm. Maybe 50 people all day.
Today and Tomorrow, possible days of resurrection
If Sears/Kmart can pull in a billion or so in sales the next two days I predict a restoration to their former days of glory. As a former employee I can only watch from the sidelines, but be positive and make those sales. Smile at and be welcoming to... — read more
Even the news is catering to Sears failure as a whole.
https://www.google.com/amp/s/www.fool.com/amp/investing/2018/11/22/4-holiday-gifts-you-should-not-buy-at-sears.aspx