https://www.forbes.com/sites/warrenshoulberg/2020/05/24/transformco-shocker-only-34-full-line-sears-and-50-kmart-stores-are-left/ Where are they only getting 34 stores from? Thought there were 80 something left.
Eddie misses the boat again
Companies like Whirlpool and Lowes reporting huge numbers in appliance sales because of stockpiling. Where was Sears? Closed. Way to go Eddie and Rick.
Why is this a "shocker" to anyone who reads it?
https://www.google.com/amp/s/www.forbes.com/sites/warrenshoulberg/2020/05/24/transformco-shocker-only-34-full-line-sears-and-50-kmart-stores-are-left/amp/
Illinois businesses are allowed to reopen at the end of the month. That's in a week. Will HE open?
Eddie penned that article about how businesses should reopen. Can he put his money where his mouth is?
Commission Sales
How is Sears going to pay their commission associates if sales are going to be worse than they already were? It can’t be legal that every week we were hitting draw pay. And on top of that they want us to do other tasks. Free labor.
A factor slowing down Sears and Kmart closures. The commercial real estate market is doomed.
Seritage tenants are breaking leases left and right, and potential buyers have all backed off too. The company has cut CAPEX to the bone and is in survival mode. It is Chicxulub meteor hit the Earth f—ed. No one wants the Sears and Kmart spaces... — read more
Commissioned Associates
Those that are back to work are y’all making any money? I remember availability being awful and customer traffic in the toilet.
Kmart vs Sears
Reminder that the best performing store in the company is a kmart. The Guam kmart does over $150 million in sales yearly. You can add up all current Sears full line locations sales for a year and they probably barely beat Guam kmart.
Eddie Lampert's Bombardier Jet and Yacht on sale! Layoffs at Lands' End and Seritage! The Sears octopus is tumbling down!
Layoffs at Lands' End, his one (formerly) profitable retailer and Seritage too!
For Employees on Leave due to Coronavirus
Do you think the employees that were put on leave will return to HE? My thought was this would be a good opportunity to get rid of jobs no longer needed. What are the chances all HE employees put on leave will be asked to come back? Do you think any... — read more
Eddie's Hedge Fund worth only $92M now! Ouch!
The repo man be coming for that yacht!
Where have the Fiddlers three been for the past year?
Not even press releases except for one and dones that fail within 60 days. Can Eddie not afford press releases anymore?
You ARE loved
Just know that. Just know that the work that every Kmart employee does is important work. You carry the legacy of S S Kresge on your shoulders. Stay safe and God bless!
Please send a bit extra with your benefit payment
Please add a few dollars to the payment. If everyone does this as a donation, the company might survive.
A&E
A&E somehow keeps truckin' along. New wraps on old broken down Sears vans, new techs coming onboard, overseas member service offices extremely competent, timely service calls, no tech call offs sick and no member needs to ever be rescheduled for... — read more
Digital Sales up everywhere but Sears
Walmart is up 74% during the pandemic. Target is up 141%. Amazon can't keep up with its orders. Home Depot and Lowes are having record sales. Even Facebook is opening up storefronts for small businesses with integrated loyalty programs. Eddie... — read more
SEARS - Survival in Doubt
https://ktla.com/news/nationworld/coronavirus-pandemic-puts-sears-survival-in-doubt/
Here is how it works
Some insider gets information on closings and posts on this site. The social media damage control team begins posting "links or it didn't happen". Corporate delays a day or two to try to dissuade credibility for the next time. Couple days later... — read more
Chicago Sears is closing in July?
Here's a link about how bad our survival is looking at Sears, but the first paragraph talks about Chicago Sears closing in July. Is this a mistake and perhaps a store already slated to... — read more
Benefits Payments
I’ve been out of work, not by choice for 2 months, and they want me to pay 36 dollars? I know it’s not their fault, but they should be paying me!
Just got my TRANSFORMCO benefits bill: Furloughed associate
Welp, its the 19th and Ive been given a payment due date of 6-1 to cover May and June. Cost is comparatively less (about 24%) than similar options on the healthcare marketplace. for those of you shopping, remember that "gaurantee life" insurance... — read more
Yup.... Store Closings Today.........
They were announced... Some Top Profit stores are going away..... Liquidation starts next week.... Some BIG surprises on there.... It obvious now.... Its done. The rest will be next... Im sure the list will be our tomorrow. At least let the... — read more
Eddie Lampert, misunderstood genius
People often blame Eddie for the fall of Sears, but Sears fell for reasons that have nothing to do with him. Look at JCPenney, Neiman Marcus, Forever 21, Sports Authority, Radio Shack, Payless Shoe Source, and J Crew. All major chains that went... — read more
Sears is screwed Jcpenney might survive
Amazon is looking into possibly buying JCPenney. Looks like there is hope for JCPenney. Meanwhile Eddie is drowning the little that is left of Sears and Kmart. https://finance.yahoo.com/news/amazon-said-talks-buy-bankrupt-065505605.html
The real brains behind ESL
It was always William Crowley, now at Ashe Capital, and was more than glad to wash himself of the vanity project that was the Sears debacle. The second Eddie bailed on him, all of ESL's clients bailed on Eddie, because they all knew where the real... — read more
Time for Shop Your Way 2.0 bigger and better
They really need to revamp this program. Who wants to be in a club that all the cashiers keep asking you to join ? They need to make nonmembers WANT to join. The current members should walk around the stores, silenty mumbling about what great deals... — read more
Seritage's and ESL's critical situation
Sears Kmart are inseparable from Seritage/ESL's fate, and Seritage is doomed. Consider: ESL's journey from $9 Billion to under $200M ESL used to have $9 Billion under its control. As everyone lost faith in Eddie's intelligence (because he's... — read more
Does Citi Bank still needs Sears?
I hope when we open we don't have to ask for credit anymore. With less then 100 stores do we really need a Sears credit. With no SYWR and Credit to ask the checkout will go faster.
Shop Your Way website is down
The website has been down for ages, and has been badly broken since Sears Israel and later Tech Mahindra closed shop anyway. The Citi points haven't been able to be traded in forever. The official Twitter hasn't tweeted for months. Even Eddie has... — read more
Eddie Lampert's brazen lying and fraud in evading half a billion in taxes being paid to Hoffman Estates and kids exposed by ProPublica
This is why the head of real estate quit. Taxes run with the land. Elizabeth Warren will be taking him to task in Congressional... — read more
Can someone buy jc penny debt and use it to buy transformco
Like lampert bought kmarts debt and used it to buy sears ?
Sears no longer listed as a Craftsman retailer on Craftsman website
It lists Lowe's, Ace, Amazon, Menard's, Blain's, Atwood's, NAPA, and definitely not Sears. So much for the "Real" home of Craftsman. Stick a fork in it, Sears is done.
How many sears and k marts left in texas.
How manymstores left in Texas
Bill for benefits?
Has anyone received the bill for benefits from YBR yet? I was told they were going in the mail on the 10th, but have not received it yet.
a member was scheduled to get a refrigerator in December. Now it's scheduled for August
No inventory despite claims to the contrary (and different systems claim three different numbers, all wrong). Missed delivery dates. This isn't even the thirtieth time something like this has happened. Why does it take an act of Congress to make... — read more
12? 13? more Sears stores reopening today and tomorrow
From https://www.sears.com/en_us/dap/transformco-Coronavirus-2019-response.html As States begin to reopen, we want to update you on the status of Sears. We are pleased to announce that an additional 13 stores will open on Friday, May 15 and... — read more
People are getting a little ahead of themselves
People are speaking about Kmart and Sears as if they're liquidating and anyone who still considers them a going concern is insane. Transformco is very much operating Transformco operates Sears and Kmart stores They are not currently... — read more
HSA Accounts Inaccessible
Just a heads up, if you've been furloughed your HSA account has been closed and moved to a new HSA. New cards are being sent out but the money is inaccessible until they come. Good times.