Wake up. This is a Sears/Kmart liquidation. Listen to the Liquidation Conference calls every Friday in closing stores. They are run by Sears and Kmart people. This is not a chapter 7 liquidation controlled setting. It is Sears and Kmart controlled. They just have to follow the BK Court rules. Yes, there are liquidation people in charge, but the Store Manager controls the building and accociates. The liquidation person assures pricing sets and verification. All prices are set to full retail from day 1, with weekly discounts adjusted. The only thing that will be left is the floors and walls..Have fun tearing down fixtures and filling dumpsters...give associates as many hours as they want to work, because Sears will not give them anything in the end...1 week severance for every year worked. WAF joke..Sears fiscal year ending is this month. 4th quarterly report will come, and Sears Kmart will be done. No way to have profit with all those points to use on all of the rediculas discounting. Look at the out of stock/back order reports...vendor issues...hahaha, more like,,cut off from lack of payment...Get out now....
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To the original poster. I have worked in two Sears store closings. In both cases, the Liquidator was in complete control of the building, the store, the SM, and all the associates. You are correct in that the liquidation is run by Sears and Kmart people. In both cases the Liquidator was a former Sears store manager whose responsibilities were now to liquidate Sears and Kmart stores. The SM had to compile sales reports every day from the previous day's business and give them to the Liquidator who then sent them to corporate in Hoffman Estates. I know because I was one of the people who had to gather the information for the SM.
@XrYLFSq-1jcf Damn you banked on your LQ. I was working 40 hours till the last week I was putting in like 48 hours I just wish managers werent such hatters and let whoever wanted to work to let them work OT. I could of banked so much for my unemployment in the end.
I actually liked working 58 hours a week for eight weeks . The money was great . Working side by side with folks I worked with for years and years . When it’s finally over and you walk out of your store and it’s empty it’s tough but know there is lots of opportunities out there !! Good luck and God bless !!
Let me guess, you have been thru a chapter 7 liquidation before?
Sears Kmart is not..check your facts..do you even work for Sears or Kmart...I just closed a 150k sq’ store as Management..your right and wrong, more wrong....
Who cares already ? Quit ! Move on ! Grow up !
Of course you can redeem points in liquidating stores 45 days after the process has started. Many people have done it with the last set of closures that started the day after bankruptcy filing.
That would be because until the 45 day mark, SHC IS still in charge. After 45 days, all the merch still left becomes the property of the liquidator. That’s when off brand stuff starts showing up and some of the more desirable Sears stuff disappears. After 45 days, SHC is done with almost everything. The SM is gone, with the other Sears/Kmart supervisors allowed to stay but no longer actual supervisors and they must do as the liquidation manager says. It’s why you can’t earn or redeem points in liquidating stores, why you can’t make returns of merch purchased after liquidation began and why coupons for liquidating stores have language such as “not valid on Sears/Kmart merchandise rung on a Sears/Kmart register. The liquidator owns the merch at that point, NOT SHC.
As for the out of stock/backorders, that’s a mix of vendors awaiting the outcome of the BK and HE people screwing with numbers to cover for their own idiocy in purchasing merch and sending it to stores.