I hope my title makes sense. Is there anyone on this board that went through the first Kmart bankruptcy back in 2002? I am wondering since I get the feeling history is getting ready to repeat it self 15 years later. You know the tale tale signs of... — read more
how to take advantage of the situation
lots of chat on here about how dire the situation is (quite right) but how many of you plan on taking advantage of the situation by shorting the stock or buying puts on it? Talking time is done time for action. June 2018 puts look the business, take... — read more
Seritage Growth Properties: The List Of The 17 Kmart Portfolio Stores Being Closed
Summary Sears is closing 17 Kmart stores within Seritage's portfolio and paying a termination fee. The base rent on these properties averages approximately $3.40 per square foot, allowing for significant improvement with new tenants. However, these... — read more
Hours
Has any other store been told starting oct that full time will now be 30hrs to
Eddie Lampert is not related to any founder or previous president of Sears. He simply got involved by buying up the stock like any investor.
to whoever posted this I thank you so much. It is so hard to go through everyday feeling ignorant of the why. I can wrap my brain around it now that you explained that way and I feel some better for knowing the reasons for the stupidity at store... — read more
June 2017
Eddie is only going to keep sears holdings open till June 2017. That is when he and his gang will have the 125 prime properties that were put in the REIT. That was part of the deal, he had to keep the company in business 24 months. The time is up... — read more
Sears down to 276 million in cash. Had to borrow more money just to survive 4th quarter 2016. Company has 3.4 billon in debt.
In April Sears Holdings announced plans to shutter 68 Kmart stores — which was followed on Monday by a report that an additional 64 stores have been added to the list of outlets closing by Christmas. This adds up to 14 percent of Kmart stores... — read more
Going Out of Business Possible System Crash at Troy DataCenter
Here is what I am wondering about, if all 750 Kmart stores are shutting down at the exact same time. Does everyone think since the Troy data center has not been properly maintained due to eddies severe cost cutting. Will be able to handle that many... — read more
Fox business news: The End Is Quickly Approaching for Sears Holdings Corp
Fears expressed by Kmart employees this summer that its new inventory management program of moving all merchandise out of the stock rooms and onto the sales floor meant parent Sears Holdings (SHLD) was preparing for a liquidation seem to be coming... — read more
UNFUNDED PENSION AND POST RETIREMENT OBLIGATION OF $2.1 BILLION
In plain words what does this mean? pensions were paid into and I don't see how they can be unfunded now. Is it like I've paid into SS all my life but it might not be there in 2 more years?
interesting things like the rest of the story have always made it interesting for me.
can someone with like interest timeline how in the hell the destroyer (Eddie Lambert) arrived on the scene? How? Was he a nephew or grandchild? How did he usurp and destroy us?
What is going on
No one on this form knows what is going to happen rumors have been going on since 2011 that "this is the year SHLD ends" our CEO just gave $600m of his money at a nice loan rate to help keep the balance sheet up so suppliers don't get nervous, he... — read more
Are Sears and Kmart Headed for a Shutdown? Article from online
ARE SEARS AND KMART HEADED FOR A SHUTDOWN? Sears Holding (NASDAQ: SHLD) has been struggling for years, and it's possible THE END FOR THE RETAILER MAY BE COMING SOON. Moody's has lowered its opinion on the company's continued ability to survive... — read more
Cape Girardeau Missouri Sears Store
I am not an employee or associate or whatever you folks are called. I am just a customer. My question is this: Does anyone know why the Cape Girardeau Missouri grand store is still open? A huge store devoid of customers. I went in for lawnmower... — read more
There is no drive to go above and beyond anymore...we will do just enough to keep our job and nothing more
Case in point. I overheard my coworker today telling a customer that we are not on commission when asked by the customer. (we both are in commission-only appliance sales, mind you). I asked him why he told the customer that. He told me that it's not... — read more
Wish
Wish I could ask manager about all these posts. I want to know why we work so hard if it is for nothing.??.
very old leased store but higher volume...what are our chances (kmart)? All sales are pitiful as across the board.
store has been here for 50 years. Lead pipes and asbestos tiles. few workers that will work left. Where do we stand?
Source at Hoffman says all Kmart’s are closing beginning of year and Sears will phase out remaining sears store locations by mid to end of 2017.
Source at Hoffman says all Kmart’s are closing in 2017, and Sears will phase out remaining sears store locations rapidly during 2017. Corporate is being told to hold it together as long as possible to give seritage growth properties time to sell off... — read more
Sears oaks mall Gainesville fl
anyone know how this store is doing - it it slated to be cut?
List of Kmart Closings
I was able to look at our scumbag DM's computer today. I was looking to see if more closings are coming, which many of us suspect there are, but found this instead. It is the list of Kmarts that were just notified Friday that they are closing. 3044... — read more
I USE TO KNOW
now I do not
closings
why did I just hear?(about store closings I thought this was the one place I could trust. oxymoron. you can not work at sears or kmart period unless you are stupid. Yet I do and think WHAT? I think I get paid soooooooooo little. Why do I stay? don't... — read more
St Petersburg Florida closing
This is a quote from Tampa Bay Times newspaper: Seritage Growth Properties, a New York based real estate developer, has submitted plans to the city of St. Petersburg to demolish the 188,515-square-foot Sears store to make way for a new... — read more
more km closings
should be news coming...... 3 local kmarts here in the chicago burbs....tinley park,new lenox,joliet clsoing their doors before end of dec. that leaves no stores in the burbs at all practically
More trouble
I just heard that the McKinleyville, CA store is having trouble. People are walking out and they dont have the people to do their trucks. People from other stores are going to help them. Just like a month ago at the Tahoe store
Officials announced Friday, Sept. 16, 2016, that the KMart in Abilene would be closing.
Officials announced Friday, Sept. 16, 2016, that the KMart in Abilene would be closing. Abilene Texas Kmart on South First Street store will close in mid-December. Merry Christmas and Happy Holidays from Eddie and the gang. Eddie and the gang will be... — read more
carole burnett coming to Ryman
funny is still funny.. I remember the liar, too. yea, that's the ticket. that's what we got these days thanks for the memories
I vote for the one that can run the longest
we had one that picked what kind of a-- he liked and another who liked who would kiss his a--, then we had one who could only deal with those that soothed his ego. now we have one that takes energy boosting whatevers...it seems. Guess who I like the... — read more
Downgrade to SGL-3, what happens?
What do you think the downgrade to SGL-3 will do for the Christmas season and the shipping of merchandise?
Master PA Proction Agreements
What would happen to all of the PA agreements we sell if we go out of business? People are still spending hindreds of dollars on PAs, but everytime I sell one I think that there is no way we will be around in 5 years to honor it. When SHC goes... — read more
Lay off
I was just curious how many people was just recently laid off??
They just gave me my walking papers and I'm a home services tech that was hired just a month ago.
Looks like Sears is cutting positions in all spectrums. Whats stupid is the hours and help needed is there for the Refrigeration Technician work load. They laid off three techs in my Tucson area and guys were already slammed with overtime. So now the... — read more
Sears is thought to have very little liquidity
Sears liquidity rating (how well they can monetize assets if the need arises) was downgraded by Moody's, an investment analysis firm. On a scale of 1-4, with 4 being the most riskiest, Sears is now a 3 on the "Speculative Grade Liquidity" means of... — read more
"yeah,that'sthe the liar on saturdaynight live was who?
years ago he was so funny for being a liar. help me here please. It was SAT night LIve (original actors) so who is(was) the liar? Name? "Yeah, that's the ticket" guess I'm ocd on actors names. He always said "Yeah, that's the ticket" That is what I... — read more
Out of stocks
Div 9, 6, 20 are coming up E status on out of stocks. Leaving us with a lot of empty peg hooks. This isnt End of season merchandise. Anyone know what is going on?
tomorrow and everyday after
let us all give back to SHC what they are giving us. Amen. Unless you have too much to lose or have many years invested then Just Give Back What We Are Being Given. I will do that for every day that I walk into that store until the end. And I do feel... — read more
Customers don't like us...
Hate to be a morale killer but it's sadly true and it's something the higher ups need to hear, if it's not too late. Customers hate Sears and Kmart. The stores are shabby and straight out of the pit of hell in some cases. They can never get any help... — read more
It would be interesting to know why you want to commit mutiny.
you are kidding? sure you are. From this post alone you see what we go through everyday. Lied to is the predominant thing that corp pulls. Just Lie. And, then Lie on top of that.