With Kmart Austrailia not very far from Guam and Guam being the top store in the Transformco company, when all the stores liquidate, could Kmart Austrailia possibly buy the Guam store and model it like all of theirs?
Kmart, Sears Merge To Create One Giant Failure
I wrote this as satire in 2005 Former retail giants Kmart and Sears announced last Wednesday their intention to merge via a $11 billion buyout of Sears by Kmart, creating the third largest retailer in the United States and the first largest... — read more
“I’m looking for a freezer from Sears,” Yuba City resident Dee Pino said.
YUBA CITY, Calif. (KTXL) — The first mall in California reopened Wednesday. “I don’t expect a large surge. I think people are going to be coming in here shopping for something specific,” Yuba Sutter Mall Senior General Manager Natasha Shelton told... — read more
Does looming JCP bankruptcy present opportunity for Sears?
Can Sears and Kmart take market share away from JCP?
Letter from the company we all know and love
Today I got this letter in the mail from Sears stating that the wage deduction for me will not be made for xyz pay period. It further states that I'd started a leave of absence in April and then put "seasonal layoff" as the explanation for this... — read more
What an embarassment is it that Sears social media has become the only customer support that members can reach
Facebook and Twitter seem to be the only place that members can get support after failure to reach with hundreds of desperate pleas after months of people trying to get past the broken phone system, months of rescheduled calls, getting the runaround... — read more
The Lucky 13
So Sears is reopening 13 stores much to my amazement. Any bets on if other stores will open? I still cannot believe any stores reopened.
IF YOU'RE COUNTING ON SEVERANCE AT ANY POINT, HERE'S WHAT YOU CAN EXPECT
i was in Human Resources for 12 years on the Sears side. I facilitated multiple layoffs prior to being laid off myself. Just beware...the severance was promised per the policy guidelines and then the bankruptcy happened and that stopped the... — read more
Kmart - Down To Its Last 34 Stores - Finds Itself To Be Essential Once Again
It is very likely that most shoppers have not been to a Kmart in quite some time. It is also very likely that many people do not realize that Kmart still exists. Yes, Kmart is still alive but not well. Until very recently, Kmart operated over... — read more
Sears Saga shows the GUTS of Eddie, not Hubris!
About a decade ago, as I was on my way to meet Edward Lampert for the first time, a friend said to me about the turnaround that Mr. Lampert was attempting of Sears and Kmart: “It may fail, but if it does, it will be a noble failure.” The recent... — read more
SEC needs to take a hard look at all of Eddie's Insider trading activity between Transform and Seritage in March
The history of using a publicly traded company as his own personal piggy bank over the interests of shareholders is repeating itself, well, not that it has any liquid assets left to speak of. It's going to have to run a massive fire sale on... — read more
There are like 50 Kmart's and like 50 states
Kmart is still a big chain. People claim they are hard to find. Kmart is a BIG chain right across America. Kmart is still important to America and there IS every chance that they WILL be once again the biggest! Go Kmart!
Transform is talking to the restructuring/bankruptcy firms it used in 2018
Can Eddie even afford them this go around? Last time they raised capital, came up with the Home & Life concept, set up a vendor pipeline, then made the colossal mistake of leaving the Three Incompetent Amigos in charge of execution, and look how... — read more
Sears not paying vendors
Not only is Sears not paying current vendors, Eddie is trying to get money back from vendors from back during the bankruptcy. That's how desperate he is for cash.
Ruh-roh: Buffet will not be rescuing Eddie's Seritage: High risk of bankruptcy
https://seekingalpha.com/article/4345293-buffett-will-not-be-rescuing-seritage Baseline results were exceptionally bad, but the forward impact of the pandemic is what will deliver the death blow. We estimate cash required just in the next 12... — read more
Sears reopening 13 stores today (May 9, 2020)
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 13 local Sears Stores and Sears Auto Centers will begin re-opening... — read more
Biggest DIY opportunity ever and the imbeciles at the top miss the boat again
Home Depot and Lowes are crowded every day as bored DIY'ers with nothing to do seem to have decided to finish all the projects they've been procrastinating on their whole lives. What do Eddie and the chosen ones do? Shut down all the Sears, not... — read more
A&E NOT out of gas, at least not on 5/8/2020
Wow! Who would have thought?? After yesterdays debacle when all of the fuel cards were being declined, someone somewhere, actually came up with the cash to pay the bill! Such a great mystery. Business as usual today. Still tons of 'sick' techs... — read more
Eddie and the Three Stooges
One thing that they've proven is that if you want to survive long term under Eddie, you've got to be as incompetent, cowardly, and terrible at management as he is. There were what, 150 senior execs who fled at earliest opportunity under him? Many... — read more
A&E is finally out of gas.
No gas.... No work. As of late afternoon today, (05/07/2020) this gas card issue hasn't been resolved. Techs dumping tons of scheduled calls all over the country today just to make it home before they ran out of fuel in their vans. Who can blame... — read more
A&E Factory Service EGV Blues
All Credit cards and down again. Can’t process collect calls either. Tech Hub crashed. A few years techs from EGV have CoronaVirus, one gave it to His mom. But we’re still out here getting sick and can’t buy gas😞
Opening stores may not mean as much as you'd like it to mean.
https://stevenpdennis.com/2020/05/07/retails-looming-question-if-you-open-it-will-they-come/ This postulates that customers (members) won't return as much as wanted. If people are hesitant to shop again, only those retailers who are strongly... — read more
Anyone get their transformco bill in the mail yet
Bill for employee benefits ?
Kmart and Sears are both going concerns
The indignant attitude of some on here is shameful. The idea that someone can be optimistic and envision a turnaround is not preposterous, they are real businesses with real stores and real customers. Unbelievable that people are so sure of their... — read more
Sears Reopening
When are they going to open up all Sears again? May 31st? My mall will open up on Thursday.
More Fake News.....
Can we get some more of those FAKE posts saying that all of the Sears are closing and will never re-open???? Get a life! All of the Texas stores open on Saturday and a lot more around the country. Nice try with your doom and gloom.
A&E credit/gas cards
Had to purchase a part, company credit card declined. Went and tried to get some gas, same bloody thing! Not paying creditors??? EGV???
Rebuilding Kmart and Sears
Now is the crucial time to begin rebuilding. A lot of things are in flux in the retail world and big changes are coming. Everyone must muster all of their energy and might and focus on the singular goal of making Kmart and Sears stronger each day. ... — read more
Sears and Kmart's only reason for continued existence is to pay rent on Seritage's unserviceable debt
The only reason Sears and Kmart remain in operation is to pay rent to Seritage so it can service the massive amounts of debt that Seritage owes to Warren Buffet and other parties. Seritage, a Real Estate Investment Trust, whose very existence is to... — read more
Sears is hiring a Home Improvement Project Coordinator!!
BALTIMORE — Handy? Have construction experience? Sears is hiring a Home Improvement Project Coordinator. The responsibilities of the Home Improvement Project Coordinator will include scheduling, quality/customer satisfaction, customer service... — read more
What happened to Head of Real Estate?
Anybody knows what happened to the lady leading the real estate department? I think she left Target to be the Head of Real Estate at Sears/Transform. My emails to her have been bouncing back. Would appreciate any insights.
May 31st
Just got the email that Sears won't open until at least May 31st, and employees have to pay for all of their benefits. Wish they'd admit Sears will never reopen.
Kmart optimism
People need to think positive. Nothing good has ever come from being negative. Kmart does have some positives going for it. The remaining stores are in concentrated markets, their customers are the most loyal in retail, and the brand has a great... — read more
April 30th
Isn’t that the end date everyone will have insurance through transformco? They must be gearing up to make some sort of announcement.
Effects of COVID19 on Sears and Kmart stores
Speculation has it, that the virus situation will be enough to overwhelm the tenuous grip on survival for these beleaguered chains. Is there a thoughtful consensus as to the impact and culpability of the pathogen on their inherent existence ? As a... — read more
They finally (almost) fixed Kmart's location site.
https://www.kmart.com/stores.html As stated, They finally (almost) fixed Kmart's above, location site. They finally removed most of the stores that closed. There are a few silly exceptions that for some odd reason they neglected to bang out. ... — read more
Does anyone know when the next list of closures is coming out
Does anyone know when TrasformHoldco is going announce the next round of store closure of Sears & Kmart Stores
What company should Eddie Lambert buy next?
With successful aquisitions such as Kmart, Sears, Sears Hometown, what struggling retailer should Eddie buy next and turn into a success? JC Penney? Macys? Maybe even resurrect dead brands such as Mervyn's, Circuit City, or even Montgomery Wards?
What the.....
I don't understand it, but as far as I know, I'm still working from home this coming Monday morning on 4/27. I'll keep milking this cow until it's over! Waking up naked just in time to sign in to the VPN, as my sweetie gurl mixes some very good... — read more