...to be April 10, 2019; for claims by all non-governmental agencies; including claims by current and former employees.

Now that SHC has been sold to ESL/THC do the 18 execs who got the KEIP and the 322 execs who got the KERP basically get their cash and walk clear and free with no further obligation or do they have to stick around for some period?

This is a popular board so expecting all posts to be negative is inherently numb-skulled. Of course there's going to be positivity and optimism. Even if the posts were about nothing more than the ago-Forward Plan, people are positivr about the... — read more 

Just wondering what their criteria are for a store to be declared unprofitable in this new company? If it was simply up to whether a store produces a positive balance compared with the cash it burns the number of announced closings would be much... — read more 

Almost at three vs .15 cents. What’s happening?

Interesting look at the possible future(s). The series of events that played out during the Chapter 11 process resulted in polarizing perceptions of what's next for the iconic retailer... — read more 

This is a "layoff" board so expecting all posts to be non-negative is inherently numble-skulled. Of course there's going to be negativity and hatred. Even if the posts were about nothing more than layoffs, people are negative about layoffs. Unless... — read more 

Thought I would hear more about restructuring of a new company. Leena and eddie think syw is still going to deliver us to profit by partnering more. The message they sold to us is that now we are not burden by debt we have money to run businesses. I... — read more 

Name one? Must've been led by a smart guy with a proven track record of success, and probably not a complete buffoon with fourteen years of complete and total failure under his belt. On the other hand, how many retailers have filed for Chapter 22?... — read more 

A city boy, Eddie, moved to the country and bought a donkey from an old farmer for $100. The farmer agreed to deliver the donkey the next day. The next day the farmer drove up and said: “Sorry son, but I have some bad news. The donkey died.” Eddie... — read more 

Lol they save the company for the associates, what a crock

So I’m watching this and we are 20 minutes in and all it has been is what a great job Eddie and knal and the ceo team has done

If you want to sick it to Eddie make sure you always use your memeber points every time you cash someone out. Part of his bid was to assume the outstanding syw points. Now the points are paid straight from Eddie

He vowed to preserve jobs but it will be for about a few weeks until he finds some more stores to close and sell off. Really, he just bought a little more time for all parties involved. The remainder will still keep their jobs but the hours of those... — read more 

(FORBES ARTICLE) Lampert Has A Friend On The Government Agency Board (PBGC) That Helped Seal His Deal For Sears.

The best possible outcome has now been realized for all stakeholders,'' Lampert said. "ESL looks forward to a new era at Sears and Kmart that builds on their proud histories, while finding new ways to innovate and grow to adapt to the forces... — read more 

ESL Investments Completes Acquisition of Sears Holdings’ Assets Operations to continue in the normal course; Sears and Kmart members and customers will continue to have a seamless shopping experience February 11, 2019 BAY HARBOR ISLANDS... — read more 

There is a company wide town hall tomorrow to announce changes that are happening right away

Does anyone know currently how many associates are still at Hoffman Estates?

UCC has files on objection to Sears Holdings plan to exit bankruptcy. That would be in reference to the "Old Sears"; which is the company in which shareholders have equity; not the "New Sears co" / "Transform HoldCo". Docket 2544. Essentially Sears... — read more 

It’s funny how the main focus of the media was Eddie’s announced effort to save the jobs of workers at remaining stores. Nearly every article on the subject contained the sentence…. “In his efforts to save 50 000 jobs”. It seems as the accepting of... — read more 

I would just be prepared to see widespread restructuring of roles in the first few months as they bring in the new leadership hierarchy. This was not uncommon prior to bankruptcy. We saw Hoffman do it as a method to thin the workforce in... — read more 

Eddie's ESL spokesperson has publicly said that out of 425 stores around 156 are not performing well. Eddie has said throughout this process that he would close stores that were not performing well. He also said he was going to run the on going... — read more 

I know this is a lay-off site. But much more than that is communicated through here which is good for everyone involved. But what layoffs are coming soon? It’s already February and no store level cuts which Beleive me is a good thing but scary... — read more 

Won't need nearly as many services after the "restructuring".

There is supposed to be a new rumor coming out tomorrow from corporate and it's gonna be huge

Cuts are supposed to be coming. Word is that all Asms will be cuts and stores will just have leads. So what’s going to happen will both leads in and ASMs be laid off and then have to reapply for the new lead position or will lead stay and ASMs go ?

Dead man walking

Rumors have swirled of APM's being cut besides high risk levels and top sales stores. Anyone else hearing these rumors?

Any news on a change to the IBO?!? Any store level cuts coming.

https://www.forbes.com/sites/warrenshoulberg/2019/02/07/eddie-lives-what-happens-next-after-court-approves-lampert-deal-for-sears-or-whats-left-of-it/#500eecf37c3b

ORDER (I) APPROVING THE ASSET PURCHASE AGREEMENT AMONG SELLERS AND BUYER, (II) AUTHORIZING THE SALE OF CERTAIN OF THE DEBTORS’ ASSETS FREE AND CLEAR OF LIENS, CLAIMS, INTERESTS AND ENCUMBRANCES, (III) AUTHORIZING THE ASSUMPTION AND ASSIGNMENT OF... — read more 

https://www.forbes.com/sites/stevendennis/2019/02/08/sears-lives-to-die-another-day/#3d88638b2691

The Guam Daily Post Feb 8, 2019 A complaint filed Thursday in the Superior Court of Guam alleges that two employees of Kmart Guam were responsible for a card scam that cost the struggling retailer $117,600. The employees, Candelaria Blas and Gerard... — read more 

So much negativity here, it astounds me sometime. How hard is it to understand that Sears surviving means a lot to a lot of people? I'm in my twenties, I have plenty of options if our Sears closed its doors for good. But there are so many people who... — read more 

News from Sears India is majority of associates are leaving or already left and new ones are not joining due to the news of bankrupcy filing hence they dont want to join just accept the offer letter and use to to get a higher pay in next company... — read more 

Think that non-store employees that work within the supply chain will be targeted first. Stores closed and more will close. The supply chain doesn’t fit the smaller footprint anymore. Also, for the time being, I think they will tend to keep as much... — read more 

I find it interesting that Drain said that Eddie was like a cartoon character or Barney Fife.

Will he ever admit he was wrong? Will he ever admit his "corporate source" was fake? Lots of liars on this site.