One more down another 100 or so to go. Fast Eddie making the company great again!
Sears in Michigan
A Sears employee allegedly managed to steal several big appliances from the Livonia store, leading to his recent arrest. A Sears official reached out to Livonia police Oct. 16 because they suspected an employee, 29, of stealing more than $20,000... — read more
Kmart in Salinas to Close Soon
Here it is, closing 100% very soon: https://www.youtube.com/watch?v=IRgdHavO6Sk This Kmart already has bare spots on the Shelves so when the Liquidation starts it will go quicker. Very little Kmart normal decor. Some lights out. Floors in... — read more
2 best things about getting laid off
I no longer have to deal with inept managers and a useless and ill-prepared door buster list. With such a small amount of stores, not sure a door buster list is really beneficial anymore (really hasn't been for quite sometime now).
Eddie lampert helps bankroll Sears?
How can you help bankroll a company you own...someone enlighten me
Then there were two!
We were one of the three remaining Kmart stores in Mich. Last week we found out we would be closing, because they had sold the store right out from under us to Amazon. Way to go Eddie!
He's Got To Be Kidding!
By now you've heard the news of Eddie Lampert's latest venture-or whatever you call it-of borrowing about $150 million from his own pockets and his buddy lenders, hedge fund Cyrus Capital Partners LP, to stock Sears shelves for the holidays. He is... — read more
Seeking Alpha article today
https://seekingalpha.com/news/3506215-judge-signs-sears-bankruptcy-plan
November thoughts
Any thoughts on stores closing in November.
Happy Bankruptcy 1st Anniversary!
Hope things are going well for you! How's the "425 store go forward plan" coming along? How's the "secret to Sears' success"... (protection agreement sales) coming along? How about the 45,000 jobs that were saved !! How about all those new... — read more
CNN Just posted this.
https://www.msn.com/en-us/money/companies/sears-future-is-still-in-doubt-a-year-after-bankruptcy-filing/ar-AAIPupB?ocid=spartandhp
Report new store closings to USA Today
This news article provides a link to publicly report all new store closings Transformco May not release the store closing list but we can let everyone know what is going on https://amp.usatoday.com/amp/3980281002
Huge outgoing IST came through today.
Not sure what they’re planning, and not sure if anyone here has any insight, but most of the stores in our market were sent a huge spreadsheet of things to send to one store. It wasn’t accompanied by the usual communication that corporate sends out... — read more
FYI
https://www.msn.com/en-us/money/companies/sears-and-kmart-to-close-more-than-120-stores-by-january/ar-AAILQm2?ocid=spartandhp
Is the news stories about store closings current or upcoming?
The news today reports 100 stores closing. Are they all now closing or upcoming closings. Do they expect another round in November. Just asking working there part time and time we are not closing but have little inventory and not on list. Store... — read more
Kmarts in Hayward and West Covina CA, Sears in Northridge closing
California WARN Act notification for 9/30/19 Kmart in Hayward Kmart in West Covina Sears in Northridge all listed as 'closure permanent' by 1/5/20 https://www.edd.ca.gov/jobs_and_training/warn/WARN_Report_for_7-1-2019_to_10-10-2019.pdf — read more
Check jobs website
To those claiming that all Kmarts are closing soon, please Check the Sears/Kmart jobs website. Several Kmarts are hiring store managers, assistant managers, even pharmacists. A pharmacist is a High-Paying job requiring a medical degree. They get... — read more
Wall Street Journal Today
By Suzanne Kapner Oct. 13, 2019 5:30 am ET Sears’s bankruptcy filing was supposed to give the troubled retailer a fresh start. But a year later, the chain is still struggling with many of the same problems it faced before it sought court... — read more
Sears Hometown, Outlet Investors to file lawsuit against Lampert, Transformco
Eddie Lampert is going to court-again. This time Sears Hometown and Outlet investors have filed a Civil Action Oct. 4 against Lampert and Transformco. The plaintiffs-Wayne Grant and Keith Edquist, accuse Lampert of "breach of fiduciary duty and... — read more
Hoffman Layoffs
Layoffs coming Tuesday
District Realignment and stores closing
Districts are realigning again...many market leaders are gone. Districts to only have 15 stores each. Store closing list to be released in the next few days. Good luck everyone
New vacation policy
So just when you thought they couldn’t get any lower. Now no vacation for part time and when you leave or they close your store they will not pay out unused vacation time. (Except the few states that require they do). Make sure to use all of your... — read more
Its a new day
We can put all this behind us now. Hearings are over. Sears will now become more stronger than ever and transform to number one. Kmart not so much.
break it down
So really, what does this all mean? It's about old Sears, but NEW Sears is struggling to secure new vendors. No transparency what so ever from DMs. Shadey business deals in some markets. Blowout event erroding our margin to make a quick buck. POGs... — read more
So we all got played right?
There is no "go forward" plan they've been claiming all this time.....it is a joke and everyone left is being used to help liquidate the company.......like they give anything at all about any of their employees well being ...they don't....you can all... — read more
Approved
https://firenewsfeed.com/news/69577
Court Approves Sears Holdings (SHLD) Liquidation Plan
https://www.marketwatch.com/story/court-approves-sears-liquidation-plan-2019-10-07?mod=mw_latestnews
Big purge today
SHOS DMS AND HOME OFFICE
Why doesn't Kmart regionalize?
Why doesn't Kmart regionalize instead of being so spread out? In other words, as that other dude posted before, they have like 13-14 states with 1 store each? Why not close those onesies, twosies, and focus on the regions that still have a bunch of... — read more
Help stop this madness and shut it down
Report what you know and put an end to all this stupidity. If you are a Sears employee with information on vendor and supplier issues, contact this reporter at bbiron@businessinsider.com
Old Sears plan to be confirmed tomorrow or Tuesday
The Plan hearings have been going on since Thursday. Check PrimeClerk. Just a hunch. This only matters to debtors in BK court. Including some ex-employees that filed against him. Tiers 1-3 will get most money back. Tiers 4-6 maybe 30 percent. — read more
Any updates on stores or dates.
I saw one store in Pennsylvania is closing..
Fragrance inventory?
Are we exiting the fragrance business? Sears.com lists a solid 8 options for men’s cologne from our inventory (not including 3rd party marketplace sellers) and when I went to a non-closing Kmart and the shelves were really bare in that department... — read more
Severance!
Our store closed 9/14/2018. Full timers that were left were offered 8 weeks Severance +vacation pay that was left over.Took us a few to get since we were unaware of the fact that all the correct paperwork was not turned in. So... — read more
Resume Building and Submission
If you in any way shape or form require Sears/Kmart to make ends meet, you should be out there sending resumes every day. Unemployment checks are a major cut in income. If you are here because it's light duty and you get paid even... — read more
The first two years were fun...
I haven't had nearly as much time at Sears as some of the posters have had, but I worked there for six years. Two years in electronics and four in appliances. The first two years were fun. Our store wasn't the busiest, but business was steady... — read more
Oct 3
What happened to that dude who claimed some closures would be announced Oct. 3? Just clickbait fake news, I presume.
Severance is Max 4 weeks after you close
They lied to the media saying they would give the same severance offer before they filed for bankruptcy last October it's 4 weeks max payout with many other stipulations that weren't required before last October.....all they do is lie and steal from... — read more
Freecash Separated Between Sears and Kmart?
Freecash offers now differentiate between Sears and Kmart products. "5 of 15" for Sears- and only Sears sold products, kmart clothes do not count towards the total. Was this always the case? It feels new to me; a sign of the purging of the K?
Sears Store Closing List
Does anyone have the list for the sears stores closing for October 2019 and are there any store particular in NY-NJ that are closing