Would you lend money to Sears today? If yes, what would be your terms?
Sears Borrows More Money
https://www.sec.gov/Archives/edgar/data/1310067/000119312518265560/d610684d8k.htm
Auto Center Conf call today at 11AM
All auto center managers have a mandatory Conf call today at 11. Closed door nobody by SM on call
Eddie won’t do bankruptcy
Eddie won’t do bankruptcy He still believes there will be a transformation
Last remaining Sears and Kmart stores will close during q1 2020.
Any store that has the name Sears or Kmart on its building will be closed within the next 19 months. Stores will continue to close incrementally and after the 2019 holiday season remaining stores will liquidate and close.
Morgantown, WV
Anyone know how safe the sears in Morgantown WV is? I dont work there but at another store in the mall. We have lost 2 anchors this year already leaving just sears and JC penny left. Curious to see which of those two last longer/ how bad our mall is... — read more
SHLD stock is up?
SLHD stock closed at $1.34, while last week it was down to around $1.07. Who's buying this turkey? Who thinks this stock will do anything except get delisted?
So it looks like the "retail is dying" excuse is no longer valid
It's just us and a few more companies. the rest are doing just fine. According to new research from IHL Group, North American retailers will open 12,663 stores and close 8,828 stores in 2018, for a net increase of 3,835 store locations. The report... — read more
Tug of war right now
some want to sell kenmore and some don't big guy is strong arming says will starve all of it.
Security
Anyone know why there will be increased security at HE starting on 9/4? Seems fishy.
Eddie's Plight
He will always be known for the rest of his life as the person who did the most to destroy Kmart and Sears. We all know he doesn't care. He stole so much money from the company and laid off so many people-- all for his own personal benefit. In 20... — read more
Q2 2018 Earnings???
What's with the delay? They haven't been this late to release earnings in decades.
This guy stole SYW Points!- Busted
"Help us shrink the shrink"--Sears Holdings Corporation Training Video, but why should we care ? A Sears employee is accused of stealing $3,700 from fraudulent returns and reward points. Kyle T. Elkins, 22, of West Allis was charged on Aug. 28 in... — read more
Sears store turned into a detention center
How creative one of our local sears store turned into a detention center
Amazon tires
With less than 300 Sears automotive centers by November, a low margin Amazon tire installation referral business is not going to help sears survive.
KMART Pharmacies Acredited!!!
SHLD is SAVED! Related, there are still stores with pharmacies????
Does Eddie use SYW?
Can you imagine how many points Eddie would have if he actually used Shop your Way? He could buy some new laces for his "pure platinum Nike Air VaporMax Flyknit sneakers."
Sears Fate
If things are as bad as people say why is sears still remodeling some stores? I think sears is putting more effort in renovating the look of some of their stores? Maybe at last minute those are the few store that might stay open??? Maybe in a few... — read more
Closings
If your store is still receiving signs , banners, etc Is that a good sign your not next to close? What if your store is filing still lead and management position is that a good sign?
Layoffs
Everyone post about closures and other unrelevant subjects .. this is a LAYOFF page obviously for people that are still employed and are interested in LAYOFF SO any words on what positions are next to get eliminated ? Full Time Softlines or store... — read more
Labor budget Schedule Hours
What do you all think of the new labor budget system for hourly schedules? Are the hours worse or better? In my store we’re getting more hours...
Closures
Sears - Closures with Headcount Reduction (NY State, 2018 only) Sears Full Line Store #01623 7/3/2018 Sears Full Line Store (#01264) 1/9/2018 Sears Full Line Store (#02353) 1/10/2018 Sears Full Line Store (Unit #01514) 5/7/2018 Sears Full Line Strore... — read more
Why the heck haven’t we closed yet?
Store’s inventory came back with a $330,000 in shrink. Sales are down -18% to last year. Pharmacy is down 25% with a $20,000 negative EBITDA. Why the hell aren’t we closing?
Tirerack.com
And why do we need Sears selling tires on Amazon?
Sears closed 580 stores in two years
And we are nowhere near done, apparently. Also, the site with that infpo also has a handy map of stores announced for closing last week and gives an option to search for all closed stores in the past two years... — read more
Where does Eddie buy his tires?
Any ideas?
More BS from Howard
As Sears Withers, Its Former Stores Fuel a New Fortune By Michael Corkery Aug. 28, 2018 16 A few blocks from the ocean, in the heart of Santa Monica, Calif., plans for “creative” offices are taking shape, tailored to the area’s burgeoning tech... — read more
Sad, sad, sad
I find it sad and ridiculous that Sears is partnering with Amazon, one of the main reasons of its demise, once more in hopes of staying afloat maybe a month or two longer from initial publicity bump. Amazon is the only one that is going to profit... — read more
Stock Up In Premarket
...Despite sears never having reflected a dime of profit in their financial from any of their Amazon affiliations. Expect no profits to be reflected on the Thursday earnings release either,
Jack McCallister from "Fun with D--k and Jane" is Eddie Lampert
I just watched "Fun with D--k and Jane" Jack McCallister (played by Alec Baldwin(, the CEO of Globodyne is Eddie Lampert. I just hope Sears Holdings has a happy ending like the movie, but I HIGHLY DOUBT IT...
Benefit rate
When do associates start getting benefit rate in a closing store?
SYW will turn this ship around, have faith!
We are the frontier and will prevent this ship from sinking, why else would we get all this investment in the form of new employees? New partnerships?
Inventory date moved
My store was scheduled for inventory this week and it was suddenly moved to October!
Home Services Lay Offs of regional managers.
Heard from a friend that a home services regional VP and his regional staff got lay off sometime last week. Any member here were also affected?
Closings vultures
Who else gets really sad when they search for Sears to see what's new and they are buried in articles on how to take best advantage of a store closing, how to get the best deals, and similar? It's like watching vultures circling the wagons. Nobody... — read more
How long after the announcement?
Can somebody please tell me how long it takes from the announcement that a store is closing until it's closed? I'm hourly, so if my store closes I'm looking at no severance. I'm just hoping I'll have enough time to find a new job while still working... — read more
Great day to be a stock holder
Up $.03 God bless Eddie Lampert
Operating expenses
SHC has now started a go fund me account to fund continuing operations. We only need $1.5B to make it through another holiday season. SHC is asking all employees to check between the cushions of their couches for spare change. So far donations have... — read more
What's next that Kenmore is not sold
Now that Aug 24 has come and gone and Kenmore has not been sold, are the SHC employees and store associates supposed to contribute towards operating cost as SHC has run out of cash. Could we donate the unused SYW points instead of our cash.