Is Ito or Drain the bigger push over?

Everyone keeps saying they are done then people say no there not. Nobody knows anything on here, just a bunch of people's opinions. I know my service manager has new future tech training for us in the coming months and new equipment rollouts ongoing... — read more 

https://finance.yahoo.com/news/pbgc-steps-oversee-sears-two-183437240.html

https://restructuring.primeclerk.com/sears/Home-DownloadPDF?id1=MTI3NzU3&id2=0 It's a monster- 315 pages

The creditors are out for blood: //////////////// Shortly after 3 a.m. this morning, the Debtors officially closed the auction for the sale of substantially all of the Debtors’ assets with an announcement that ESL Investments, Inc. was the successful... — read more 

So if/when Eddie takes things over 100% I am wondering then if Sears doesn't have to report either the quarterly earnings nor any store closures that will (very likely) happen over the course of its limited existence.

I left Sears in August. I have been on COBRA since that time. Does anyone know when Sears emerges from bankruptcy if my COBRA is still intact or does it go away? Thank you in advance for honest answers.

To tell you the truth I’m a little confused. I get that if the judge approves a new company will be formed, but when can we expect the first concrete moves of the leadership? Will they lay out some plan of changes or will the same policies of keeping... — read more 

They'd been pretty quiet since most of them got laid off or left the company early December. These new ones are really dumb compared to the old ones.

The 5.2 billion-dollar bid by ESL will be approved by the Bankruptcy Court. The common stock of SHLDQ will not be wiped out, but all shareholders should buy Warrants and Unsecured 12/15/2019 Bonds to protect against dilution. The 2nd Lien 10/15/2018... — read more 

The Creditor's case is simple. Eddie transferred property from Sears to Seritage, improperly moving those secured assets out of the reach of creditors. How do they know they were improperly valued? Seritage's asset value went up by a $400M... — read more 

New Eddie is completely different from old Eddie who lost $12B dollars in 8 years and closed 3,000 stores and laid off 300,000 workers! He swears! So ummm, ignore those layoffs in HE and SF and those 80 stores we're still closing, mmmkay? The best of... — read more 

Any news if repair services is going to be Shut down?

The real challenges for this new Sears are yet to come. If the cash burn is not taken care of in a short amount of time Sears will be gone, never mind Eddie's bid. This new Sears also has to face the challenges of renovating its stores, regulating... — read more 

Dearborn closed, Novi michigan closed but westland still open They were part of the 140 ring fence properties that were to be sold to fund the pension fund Did this get canceled in bankruptcy?

We are getting 1 week of severance for every year of service up to 10 years. With Eddie winning and setting aside 40 million in severance. Any chance we could get more of a severance package? Management used to get 20 weeks no matter how many years... — read more 

https://www.wsj.com/articles/sears-creditors-oppose-sale-to-edward-lampert-11547767983 Retailers’ creditors seek to sue ‘savior’ and his hedge fund ESL, accusing them of causing Sears’s destruction By Soma Biswas Jan. 17, 2019 6:33 p.m. ET Sears... — read more 

“Thus, Lazard has expended a substantial amount of time advising and negotiating the terms of the sale of the Sears Home Improvement business, the sale of the Parts Direct business, and the sale of the SearsHomeServicesbusiness. As a result, the... — read more 

Massive amounts of money must be invested into all the stores and well as updating technology. Online sales must get competitive. I don't see any of this happening. Wages, benefits and working conditions must be improved, if not, you can't compete... — read more 

https://nordic.businessinsider.com/sears-bankruptcy-creditors-seek-to-sue-eddie-lampert-2019-1

With the closing of the fashion/design office in CA and the Whirlpool talks on appliances, Sears is making a shift to hardlines as a new focus. There are also on going discussions to team with Sears Home Town and Outlet to use their new point of sale... — read more 

No layoff's but hours will be cut. Eddie saved your job, but he's not going to spend anymore money on you or the store than he has in past. Sears will continue to bleed money, but at a slower pace, which to some will indicate a turn around. It will... — read more 

These layoffs should stop the corporate cheerleading . Ain't going to be too Many people with rose colored glasses left after the next few weeks .

SearsHC had a deal with Stanley (or whoever bought Craftsman) to allow them to source their own Craftsman tools for 15 years. Does that deal die with SearsHC, or does anyone know if that is transferable to the purchasing company? I'd imagine any... — read more 

Layoffs are happening today at corporate office. Not sure of the number yet but not good timing after Eddie was just spouting during his auction bid about how much he loves the associates and wants to save them!

Look for Sears to close down HE and move the headquarters to another location/state with lower taxes and cost of living expense(s) To cut costs Sears should move it's operation to smaller quarters in a building/location that they currently own. Once... — read more 

Meetings have been scheduled next week for the “trumphant return” of Whirlpool and all their brands (kitchenaid etc) to the “New” Sears. This is about to get interesting.

Sears promised to keep a certain number of people employed in Illinois to get tax breaks from the state and from Hoffman Estates. Will this BK negate those agreements ?

Any credible info regarding the status of SHIP and Home Services?

I've read through the opinions, the trolling, the cheer leading, the vitriol, etc and came to the conclusion that no matter what side of the fence you're on as an employee or outsider - this whole ordeal feels surreal. As long as Sears is allowed to... — read more 

The stores basically have to operate under the DIP until Eddie takes control. Old Sears will wrap up and new Sears will take over. Old debt is mostly toast aside from what liabilities Eddie assumed. I’ve heard he lined up close to a billion in credit... — read more 

I don’t work for sears but my family is a HUGE supporter. I have fond memories growing up and going to sears on the weekend with my Dad. I want the same for my children. My 2 year old daughter already loves the tractor displays. No more full line... — read more 

With all the talk of corporate layoffs, does anyone have concrete evidence of store level layoffs? My store still hasn't posted the schedules, and we just had a budget cut.

look for more of the same this second go around should Judge Drain approve his bid. There's only 425 stores and 50,000 employees to go!

What vendors would be willing to supply Sears? What terms? Cash only?

The company is proceeding as if it is in liquidation, and has been since last week. Act accordingly.

Sears is going to need another huge loan or go into liquidation anyway. What's next Eddie?