Interesting that it will be going down before paystubs appear Thursday night. The bankruptcy FAQ also said something about the pay date being 10/19 now. Layoffs perhaps?
Yawn
I know more than you. No. I know more. I am better than you. No. I am! I will get lots of money. No, I will. This person s---s. No, that person s---s. Kmart is better than Sears since we all know that Sears is better than Kmart. Just ask anyone who... — read more
Im sure you have a more distinguished title
Since getting layed off, i learned that Julie was the only exec to fight with Eddy about severance packages. If she was there now she would still get employees some type of severance. But she isn't, watch what happens now!
About Jules Ainsworth
If you have ever worked with Julie Ainsworth you would know that she was the only posative driving force on the executive floor! Most other executives came to her to solve their problems. Unfortunately Eddie didn't agree with her plan to improve the... — read more
Good bye Jules Ainsworth
Why would Eddie let her go when were going through this. She si the only leader with a brain. another reason why we fail, he can't keep good people
Surprise surprise! OOS icon on snc removed
I normally do OOS and noticed today that icon has been removed from the snc.. Wonder what that’s about
Noticed this among the "Restricted Stores"
The 333 "Safe" Stores have an interesting composition as the majority of them are K-Mart stores... specifically 206 - Only 127 Full Line Sears stores are considered safe.
Ironic but true - Edie just might be the Sear’s last hope
It’s not my intention to start another debate on Eddie’s role in the downfall of Sears on this thread, but instead want to point out the irony of the fact that the man who was in charge while all of the mess happened is now still holding all the... — read more
Weird that the stock price is soaring
57 cents as of now. After declaring chapter 11, and facing massive closures, and an unlikely future, and with the likelihood that the shares will be cancelled, and new ones issued to the debtholders, one would think that the shares wold completely... — read more
Lowes making positive changes and staffing up. Best to jump now.
Since all the retail employees will probably be laid off by February 15, now is the time to get out there ahead of the curve and find your next gig. Everybody will be hiring seasonal, which may turn into permanent. Costco, Home Depot, etc. Lowes in... — read more
Kmart strong
After years of abuse that we've taken and the high and mighty attitude of some, not all but some Sears purists, notice how much profit Kmart has added to this company? Seems Kmart isn't they loser they kept trying to make out it was. In some regions... — read more
Good News For Pensioners
There have been posts on this board by either misinformed and/or malevolent parties stating that SHLD pensioners are going to suffer dire consequences due to the bankruptcy. Nothing could be further from the truth! "The Pension Benefit Guaranty... — read more
"Safe" Store List -- Will Stay Open Unless Chapter 7 Filed in January
From bankruptcy filings, these stores are not to be closed by debt holders and are likely profitable. But "safe" is a relative term. Entire chain could be forced into Chapter 7 in January as provisional financing runs out. 2027 Wasilla AK 3707 Lake... — read more
"Under Review" Store List, Facing Possible Closure in November
From the latest bankruptcy filings, here is the list of stores under review for possible closure announcements next month. There is greater than a 50% chance these stores will be closed in liquidation, beginning after the 45 day closures end for the... — read more
SHI(INDIA)
Sears India MD gave clarity on severance/Compensation. Its based on Notice period & Experience in Sears Example:My notice period is 1 month & i have 1 years of experience in sears,so my severance will be [1 month salary(1 month notice period) + 15... — read more
You should have seen this coming
No one and I mean no one should be upset, angry or suprised at getting no severance. How long has this thing dragged out? You took your chances and the dice came up c-aps for you. You knew this was a very real possibility and yet you stayed. U... — read more
Sears should have been where Amazon is now
Ran into a conversation on another board about this, and I couldn't believe how correct this really is, if you think about it. Who pretty much invented catalogs? We did. Sears catalog was read by the entire family! Old issues still sell well on eBay... — read more
People from closing stores, are you getting severance?
Can we get info directly from somebody in the closing stores, please? With people saying everything from no severance to reduced one to regular one, it'd be nice to hear it from somebody who actually knows for sure. Please, I know this is not a good... — read more
Let Me Help You With The Restructuring
Get rid of MSL's- waste of payroll Hassle's what do they do? Bye Bye SM put a walking meter on them, you'll be shocked ASM's get your hands dirty once and awhile Get rid of the POS system, guess what there's better technology even vendors at flea... — read more
Did Eddie Show Up In Person?
So did Eddie have the B-LLS to show up in person for the townhall meeting, or did he hide behind the screen?
The worst thing? Still being open.
When the closing stores were announced everyone in my location was upset that we were not chosen to close. Being in a "Go Forward" store is a f---ing joke. We can't order any product, we are not getting trucks, nobody applies for credit anymore... — read more
After store closures, layoffs in other parts of the company are next
Lalyoffs at HE and some of the other parts of the company begin next week. They are still structuring the BK. The easiest part is to close a store so that is the beginning. Then you shut down divisions like buyers, marketing, IMX, Innovel, IT... — read more
Hope for the best, but expect the worst
I did some research about bankruptcy on nolo.com and the facts are that only about 10 to 15 percent of companies continue successfully after chapter 11. So, there is an 85 to 90 percent chance that Sears will shut down for good. It also said that the... — read more
Two things irritate me
The 1st is that I don't know how or why you would EXPECT severance from a dying company in front of the bankruptcy court. Doesn't make sense because the company is not going to have the money to pay. If you're not management, what do you get? Four... — read more
Credit Applications
In my former store credit apps were run w/o the customers consent all the time. Either for both cards when the customer was applying for only one or forcing them to apply when they already had a card but had left it at home by changing 1 digit on the... — read more
People were in tears after hearing layoff news
Finally my day came which was yesterday. I was truly happy I was in charge of FTW and that department from being well organized on its A game became sh!t when SST was introduced. I saw it crumble. I stop caring I did what I could, but day by day it... — read more
Everyone knew!
I believe all of you as I worked there myself. If you search "I hate Sears" & Indeed on Google, you will get to employment site Indeed's Sears forum. 1st post was written almost 11 years ago and that post plus most of the ones following -- for 5... — read more
Liquidating Sears Stores
Liquidators are totally in charge of the store. They will make the schedule, they will deal with customers, they will set the prices and they will sell everything that is not part of the building. Get ready. You will make more money with more hours... — read more
Sears HE Layoffs Starting Next Week
Lalyoffs at HE and some of the other parts of the company begin next week. They are still structuring the BK. The easiest part is to close a store so that is the beginning. Then you shut down divisions like buyers, marketing, IMX, Innovel, IT... — read more
Hedge Fund
Eddie made himself and his hedge fund and other businesses money while he drained Sears of resources and sold off profitable divisions of sears and kept the things that were draining profit from departments, stores, and divisions that were bringing... — read more
Financial engineering is one thing, running a company is another
I know enough has been said about Eddie Lampert and his devastating role in bringing Sears to BK, but what caught my attention in this article is that, while making most moves, he had a mindset of an investor working for his own benefit, instead of... — read more
Innovel
Warehouses employees were told layoffs are going to be made starting Friday.
lampert town hall
https://www.cnbc.com/2018/10/16/sears-eddie-lampert-speech-to-employees-post-bankruptcy.html?__source=sharebar|twitter&par=sharebar
Severance Pay Reality...
Severance pay is done. Severance Pay was never meant to help you. It was a way for the company to buy out any possible law suit for a definite amount rather than roll the dice with potential lawsuits. Now they dont care too much about it because they... — read more
SHLD Stock Trading at nearly .42
I'm not cheerleader but the stock price is up. Better than down.
Eddie's Speech
Listened to Eddie's Town Hall this AM. First, this is the hardest thing he has had to do since his father's eulogy when he was 14? Way to make it about yourself! Then, asking if people know what it is like to fire a secretary or housekeeper? Total... — read more
Let's start a list of all the Kmarts where they owned the market
Places where they owned the market with little competition and could have been the backbone of the company. Shareholders were not served because this company run properly could have made a fortune being a successful retailer had they not simply been... — read more
Kmart Conneaut Ohio
Closed 4 years ago and people were begging for it not to. When you own the retail market and people are begging you to stay and you don't run a store there then you're not trying as a retailer. I think shareholders should be angry, this is gross... — read more
Pebble Talk
So what’s the conversation like on Pebble? I’m on vacation so I can’t log in. Are there the same “rah rah” speeches that they gave during the morning conference calls?