I'm guessing Nov 15 with 300 announced to be closed that wd leave approximately 400 left in total for fast Eddie to buy and rebrand and those 400 will quickly close too because nobody will support them for what Eddie has done to Sears...
When will HE see major layoffs?
With 142 stores closing and even a larger chunk of stores to be announced in November, December, when will the mass layoffs be announced at headquarters? Will they all linger on until early 2019? You can tell something is off with today's ad set..got... — read more
I think I will leave this forum for awhile
Oh wait that is what the IT project manager masquerading as the Chief Digital Officer wants.
To those posting negative comments:
I don't believe any of this. My manager would never lie to us. He said we would all get severance and unemployment, but that it doesnt matter because we aren't really closing anyway. He said no one in the company would lie because that is unethical... — read more
When is the next date and next course of action?
Court hearing date has been indefinitely posponed (how did the Judge even agree to it). Any idea what's going to happen next? Hope this does not get dragged any more need some closure or way forward.
"Sears can be saved!"
It seems some here have a lack of fundamental understanding of math, economics, and finance, so let me relate Sears' circumstances to you in terms even a 4 year old can understand. You make 40K per year at your job, but are told by your boss they... — read more
Check this out (Whirlpool wants their appliances back, but Whirlpool isn't sold at Sears anymore *but* they still are an OEM for Kenmore.)
https://nypost.com/2018/10/26/whirlpool-doesnt-want-sears-selling-any-of-its-appliances/ We no longer carry Whirlpool-branded appliances or their subsidiary brands including Maytag, KitchenAid, JennAir and Amana but Whirlpool is one of the biggest... — read more
Sears Reign of Terror is Coming to an End....
Not only Eddie is being investigated. I encourage everyone still at Sears to DOCUMENT all unethical/illegal behavior by managers, DMs, etc. There are people right now working on an expose to be published soon, chronicling the long history of... — read more
Get ready for company-wide liquidation
I can't give you an exact date, but it will certainly begin within the next two weeks. If you are one of the few employees left who have been with Sears long enough to be making halfway decent money, be prepared to be replaced by someone who will... — read more
Overheard something interesting
My store manager was talking to someone on the phone, maybe the district im not sure, and I heard him talking about black friday being planned for the final sears liquidation. Has anyone else heard anything about this?
SEARS: WTF????!!!!
How the hell can everyone running this company, from the CEO to the store managers, perform all these criminal behaviors in plain site and not be held accountable??
Severance?
My store closed down on sunday, October 14. I was told I wouldn't get severance (surprise, surprise) but the store manager thinks he will. Is that true he will receive it?
My manager threatened me for reading this forum
I got called into the Sm's office today because he found out I was reading this sight and discussing it with my coworkers. He said it was a violation of Sears social media policy to even discuss it at work. He said Sears can trace your computer and a... — read more
Wasteful Behavior!
It is ridiculous that these executives are still getting their big paychecks. The FaceTime is another waste, the store visitation is a waste! More wasted money on travel expenses to have executives come out and ream you for the empty space on your... — read more
Kmart Wikipedia
https://en.wikipedia.org/wiki/Kmart
hilarious.........
https://www.youtube.com/watch?v=D8U0iiDdE78
A condition imposed: Some returns must be accepted.
... if found to be defective within 7 days of the dale. As to the Closing Stores, the Debtors shall accept return of any goods purchased during the Store Closing Sales that contain a defect which the lay consumer could not reasonably determine was... — read more
This is the plan to save the company
So here is the master plan to save the world. Stores on Mon, Wed, and Fri will get facetime calls from Mark Johnson, Lenna Musical, people from Eddies ESL team to discuss with the store managers their financials and what they are doing about them and... — read more
There is not going to be any honesty from anyone
Management does not tolerate any discussion on layoffs. We're supposed to be mindless, happy workers until we are told to go away. So yeah, Sears folks are going to have a hard time getting straight answers. This line of inquiry is going to be locked... — read more
And the plot thickens...
Maybe, just maybe he won't get away with what he did to Sears? Sears directors tap Evercore to examine former CEO Lampert's deals... — read more
The profitable stores are just about gone
The profitable stores are all just about gone. Why? Well, let's see: it has a lot to do with location. A profitable store is almost always in a good location sitting on prime, marketable real estate. What was Eddie's intention all along? To sell the... — read more
What is going on with AP?
Read alot of info here but really no talk of AP recently. I am former AP for kmart and still know peeps in company. Anybody know anything? Any recent cuts of zmaps or regionals?
More Sears propaganda sent out today.
Anybody else see the email saying not to worry because Sears is busy fixing everything? Does anybody believe this sh*t anymore?
Blue Crew
How's the Blue Crew doing? Are they laying off?
Severance Pay
My store closed 9/2. Was notified today all of our packages were not being paid as of 10/15. Another way for Sears to screw their employees.
ShldQ trading @ .16 a share
Wow just wow
"Sears' Future In Doubt"- Media foreshadowing the end of Sears
Eddie and his creditors aren't getting along so well all of a sudden. Just a narrative to explain what anyone with a brain already knows how this will end... — read more
Welcome to the real world
Please keep in mind that working for a company is not like being part of a club. You can get outright fired for creating disruption. Your managers are not allowed to convey ANY non-approved narrative. This is not drinking "flavor-aid" this is trying... — read more
Eddie Again Will Help With A "Gun" To Sears Head
https://www.cnbc.com/2018/10/25/sears-future-in-doubt-as-eddie-lampert-looks-for-more-protections.html So he will put up another $300 million, but only if he is first in the line for the buffet to claim Sears when it fully dies. What a "GREAT" CEO we... — read more
Useful info on health insurance when you lose your job
If you lose a job through no fault of your own, that is a qualifying event and you can enroll in Obamacare at any time during a window that lasts a few months (I can't remember if it is 60 or 90 days after last day of employment) of your last day... — read more
SHLDQ 0.22 and falling
Won't make it to the endow the year. You are getting laid off. Go find a job now !!
What's it like at Hoffman?
I got bumped in January, after a long career in IT, starting right out of college. I landed a few months lster, and it's been great. I am jst wondering what it's like being g at Hoffman right now. Is there any work getting done? Are they still... — read more
Interesting look at Eddie's tax strategy in Crains article:
https://www.chicagobusiness.com/consumer-products/sears-losses-could-become-its-most-valuable-assets?utm_source=today-s-crain-s&utm_medium=email&utm_campaign=20181024&utm_content=article10-headline He has a strong financial incentive to avoid... — read more
Next Round if Closings
Just wondering when we might hear of more store closings??
Some people actually believe they are safe
Our manager keeps telling us that our store is safe and we have nothing to worry about even with the bankruptcy. I'm having trouble figuring out if he is just that stupid or if he is just that smart (and heartless) to keep lying to us and ensure we... — read more
For those few who are still defending Eddie
Just a few highlights: he is first in line to be repaid if we don't emerge from bankruptcy and he earns interest and fees from all the loans that are guaranteed to be repaid through key assets. Tell me once again how it isn't in his best interest for... — read more
What happens to people that are currently in workman’s comp?
Will they continue to get paid or will they be cut off?
I kept reading on here that vendors are starting to want their merchanise back. How are they going to do that?
I don't think Sears is going to voluntarily give it back for obvious reasons and the fact that they are not in a position to pay for all the freight and labor charges to get it back to the vendor. Will the vendors force Sears through the courts to... — read more
Thanksgiving Hours.
I'm assuming that Sears will ruin one final Thanksgiving. Does anyone know if the hours will be the same as last year? Also is Thanksgiving a true time and a half day rather than the extra two dollars?