I work at Sears part-time and I have for about 4 years, I also have a full-time job as well with good benefits, thankfully. My question that I am curious about is, I wonder when Sears will do away with paying commissions and go straight hourly. Of... — read more
You all are in a game you cannot win
Just want everyone to know that this is a game of financial Jenga (registered trademark) and the employees are the pawns. They will cut hours, neglect store maintenance, get rid of employee discounts, cut payroll, work you harder, reduce or increase... — read more
Senior VP and general counsel leaves Sears for greener pastures
http://www.businesswire.com/news/home/20170112006088/en/Foods-Names-Chief-Financial-Officer-General-Counsel
Goodbye Associate Discount
Associate discount will now be rewarded only in points back, which will expire in 60 days.
7 Reasons the Best Emplyees Quit Even When They Like Their Job
http://www.inc.com/lolly-daskal/7-reasons-the-best-employees-quit-even-when-they-like-their-job.html
As per eddie he is trying to strike a deal to sell $1billion worth of real estate (thats probably all thats unencumbered)
which should take him say 3 months to do, then we may hear that he has been able to sell the kenmore/diehard. End of next month we will find out what a horror show the 4th quarter was. At that point when we know that the rest of the real... — read more
Kmart Restructuring
If you are a full-time employee in a Kmart store, look for layoffs by the end of this week. Most remaining hard lines department leads will go. Most stores with 2 pricing leads will lose at least 1. Most remaining jewelry leads will go. Most SM's... — read more
Whoever is the last one out the door, please turn off the lights.
Because if we can't afford to pay our creditors, we have trouble paying the utility bills, too.
Stick a fork in us; we're done!
My store is considered one of the "top-tier" stores. And our revenue has spiraled downward year after year. I'd hate to see what the other stores look like. But can you blame people for not shopping here anymore? They're constantly badgered about... — read more
Ok Sears dudes & dudettes don't feel bad ya'll may be getting more company .....
"Just one week after Macy's (NYSE:M) and Sears (SHLD) detailed the upcoming closures of a combined 218 stores , Cowen and Company analyst Oliver Chen said that Penney's could ultimately chop its count by some 30 percent. Such a move would leave the... — read more
The way we were....
I visit this site often... Though I no longer work for Sears, it helps to see others struggle with the same concerns I had and persevere. Thinking back to Sowing the Seeds training, routing consolidation, overwhelming the service vans with parts and... — read more
DIGITAL TEAM SHOWS WHY WE FAIL
I WORK FOR DIGITAL ANALYTICS&MARKETING TEAM (100 PEOPLE) AND HAV BEEN AT THE COMPANY FOUR YEARS - I HAV SEEN DEPARTMENT LEADER ONCE IN 2 YEARS THE CMO LEADER HAS WORKED HERE (LIVES IN CALIFORNIA) HIS NEXT LEADERS, 2 DVPs I HAV NEVER SEEN OR HEARD... — read more
Scrubology gone at Sears
Lost Destination Maternity brand last year. Scrubology left the building today. Softlines were informed that Metaphor brand is going bye bye. Little by little the pieces leave the building. Such a nice liquidation.
If this isn't an admission of something I don't know what is
"We're determined to go out of business after J. C. Penney," said Edward Lampert, CEO of Sears. "We're not going to win this race to the bottom, but we are going to come in second!" Story link:... — read more
Store Closing...
Any word on the next round of closing.
Severance Pay
My store is closing and I have 18 years of service, and I am only getting 8 weeks of severance pay, and the managers are are getting 16 weeks. I have been there longer than any manager. We have a softlines lead she has only been there 10 years, and... — read more
Give Eddie some credit and a thank-you
I;m not a fan of Eddie and the way he treats people but I do think he does deserve some credit for keeping this thing going for as long as he has. You people on the Kmart side-- Eddie saved your jobs by getting this company out of bankruptcy. If he... — read more
link to a song that keeps popping up in my mind at work
The Belltones 1959 song was: I've Had It. Enjoy! https://www.youtube.com/watch?v=c3IydWlCXJ0 For all of us older ones still there that need to go on and walk.
Sears going out of business
What does Sears Selling Craftsman mean? It means the final chapter for Sears. It is like their going out of business sale. The best way I can describe it is: Imagine if Apple sold the rights to iPhone, Macbook, and Ipad, thats kinda what Sears is... — read more
Sears MasterCard SYW 5-3-2-1 Promotion.
So we are going to give members more points to shop at our competitor's stores(3%) than at our own stores(2%) 5% back in points at gas stations 3% back in points at grocery stores and restaurants 2% back in points on eligible purchases made at Sears... — read more
Purina Pet Foods and Snacks
What is up with Kmart not being able to get Purina? Our pet department looks horrible. Is this temporary? Customers are asking if we are going out of business.
Read this article. The pension may still block the craftsman sale it's isn't official yet..
Sears Unleashes More Confusion By 'Selling' The Craftsman Brand To Stanley Black & Decker $SHLD http://www.seekingalpha.com/article/4035114
SYW is the best ever!
So I hardly ever shop at Kmart or Sears but for Christmas I decided to stop in to see what they had. What a mess, but the SYW is great and here's why. So I go into Kmart and they have a sale for buy one- get one free (BOGO). I buy a shirt which is... — read more
Bye bye
Sad thing they keep telling employees it's going to be fine while Eddie keeps bringing in cash and one day just going to close doors and soon they shut down the routing office for there techs a few days before the holidays 2 yeas ago could have... — read more
When senior executives start getting advice like this - IT'S ALL OVER
"The meeting in which employees were instructed not to say the word "consumer" was the last straw for one senior executive who spoke to Business Insider. It was emblematic of an overarching problem plaguing Sears: Lampert "doesn't want to hear... — read more
I Apologize
I am sorry for all of the things I said I could not verify. I am sorry to the Yahoo folks whom I fragged because they didn't see this coming. I am sorry that is has to be this way for the employees who work under me and ask me what I know. That... — read more
so whats left and hiw much is it worth.
well, craftsmen was by sears own admission the jewel in the kcd crown so kenmore is worth less than $900 million and diehard at a push $100 million. Thats $1 billion an all going to the pbgc and it wont cover the deficit so the 125 properties will... — read more
Bitter irony
I found out yesterday that I was losing my job. I am a lead manager and have been with the company for 17 yrs. when I got home I got an email that said congrats we gave you some additional points to shop your way. It's almost near evil the way Eddie... — read more
Will the Craftsman money go down the drain or will it be fenced for pension protection? Does anybody know yet?
I thought KCD were fenced assetts fo the pension. Are we going to watch these go down the drain to keep the lights on for another 8 months?
K Mart/Sears Asset Protection Rumor!
1 satilite dept for both formats? Can anyone confirm or provide more details??
Store Closure Listing
Here it go: Sears: https://www.thestoreclosing.com/t/gc4llNWl Kmart: https://www.thestoreclosing.com/t/gc4kShj8
just how bad are the 4th quarter results? Last years 4th quarter was the worst of the year at a loss of $550 million
so far this year's 3rd quarter results were the worst at a loss of$750 million- with same store sales down 12-13% for the first 2 months of the quarter could the loss be $1 billion or even more?
My Sears, a leased store, is getting rid of the men section, and renting out the space to another clothing retailer.
They said something similar to LLbean, now you would think thats too similar to Lands End. Weird. So I guess my store isnt closing. Also another Sears near me which is seritage is clearing out their top level to a new tenant. Havent heard yet if my... — read more
List of Sears and Walmart Scheduled to Close
http://www.usatoday.com/story/money/2017/01/05/sears-kmart-stores-closing/96195504/
Sears holiday sales drop 12-13%
https://finance.yahoo.com/m/60bfe557-380c-3ba2-aa6d-249c1c5bc323/ss_sears-adds-more-time-to-its.html "The announcements come as Sears disclosed that same-store sales at its chains declined between 12 percent and 13 percent in the first two months of... — read more
so from wanting $2 billion to accepting $575 million upfront.
a terrible deal for sears and especially for the pbgc who will get all the money and any future revenue- it won make a dent in the pension deficit as i suspect it will all go towards the annual pension payments. Another piece of the puzzle falls into... — read more
Craftsman sale to B&D (logistics questions)
https://searsholdings.com/press-releases/pr/2023 So the deal is in the the financials are out, real number is 525 million as the other money will take a while to obtain. But some other questions to pose that havent been asked.... Is LIFETIME warranty... — read more